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The Markets
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The Markets
by Proactive
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Markets in a Minute: Nova and Resolution Minerals Rally

Markets in a Minute: Nova and Resolution Minerals Rally

The ASX200 caught a breath today - nudging upwards of .19 of a per cent.

Materials and Energy both shot up - followed by IT - whilst financials and consumer discretionary sunk to the bottom.

Green

Nova Minerals (ASX:NVA) had a stellar day on news it's been invited by Australia’s US Ambassador Kevin Rudd to brief officials on its Estelle Gold and Critical Minerals Project ahead of Prime Minister Albanese’s meeting with President Trump next week.

And Resolution Minerals (ASX:RML) followed suit on the invitation and also shot up - it will brief Rudd on its Horse Heaven Project in Idaho ahead of the Albanese–Trump meeting — recognising the project’s vital role in strengthening critical mineral supply chains between the US and Australia.

Red

Aussie Broadband (ASX:ABB) was down today despite confirming in its trading update an FY26 EBITDA guidance of up to $167 million.

And Baby Bunting (ASX:BBN) also plunged on its trading update. While sales and margins had improved, profit guidance showed earnings are expected in the second half, leaving investors questioning how quickly the turnaround will flow through to earnings.

#NovaMinerals #ResolutionMinerals AussieBroadband #BabyBunting #ASX

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