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With more than 600k average monthly users on the HotCopper forums, each and every discussion can move markets. That’s why getting in front of those red-hot trends is key for every trader worth their salt. In this daily HotCopper Trends column, we break down the top Oz stocks through each trading day.
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AnteoTech (ASX:ADO) was a hot topic on the HotCopper forums (and up) on news that it had successfully completed the initial stage of a collaborative immunoassay product development work program on schedule.
This program is focused on the development of AnteoBind NXT activated magnetic particles for the global chemiluminescent immunoassay (CLIA) market.
AnteoBind NXT significantly enhances CLIA assay sensitivity while reducing raw material consumption and lowering assay production costs by delivering uniform, oriented antibody alignment on magnetic particles.
ADO has been up +21.4%, to 3.4cps at lunchtime.
Elsewhere, Algorae Pharma (ASX:1AI) was another big mover Wednesday after it was awarded a significant NSW Health public hospital supply contract. The AI-enabled company has been selected as a supplier for three years, with two optional one-year extensions. Algorae has been pursuing a dual-track strategy that combines AI-driven drug discovery with pharma commercialisation.
1AI has been up +20%, to 1.2¢ today.
And finally, Duketon Mining (ASX:DKM) was very popular on HotCopper after it told shareholders it had identified significant intersections in assay results from the recent drilling program at the Barlee gold project in WA.
MD, Stuart Fogarty, said the latest drilling continues to demonstrate prospectivity, with significant gold intersections returned from areas never drilled or that have seen only limited historical exploration. “Our first-pass drilling has now delivered encouraging gold intersections at Astro, Gromit and Odie, with each prospect remaining open and requiring further follow-up drilling.”
DKM was up at +19.1%, to 12.5¢ at the time of writing.
Looking wider, the S&P/ASX 200 was lower in early trading today, dropping 38 points.
That’s Wednesday’s HotCopper Trends, I’m Colin Sandell-Hay – see you for close.
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