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The Markets
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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
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Markets in a Minute: Nova Minerals, Janus Electric shine

Markets in a Minute: Nova Minerals, Janus Electric shine

The ASX200 was up .56 of a per cent and has set a new 20-day high.

Materials bucked the trend, touching just above 2 per cent, whilst consumer staples and energy fell behind.

Green

Nova Minerals had a stellar day after reporting further high-grade gold drill results from its RPM Valley deposit in Alaska, including a record intercept of 0.5 metres at 364 grams per tonne gold.

Janus Electric also shot up after appointing energy transition executive Ben Hutt as its new CEO and Managing Director, effective January 12. The company says his experience in scaling technology businesses will support the commercial rollout of its battery exchange systems.

Red

European Lithium was down despite its US partner, Critical Metals Corp, ordering a mobile geochemical analysis laboratory to support the Tanbreez rare earths project in Greenland.

Endeavour Group took a hit on its trading update. While the Dan Murphy’s owner reported first-half sales growth, margin pressures are expected to push group EBIT lower than last year.

#ASX200 #MarketWrap #ASX #AustralianStocks #Investing #StockMarket #Materials #GoldStocks #EnergyTransition #CriticalMinerals #RareEarths #RetailStocks

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