The Australian All Ordinaries was trading steadily today at about 5,250 points with subdued showings across the index’s major sectors.
Energy stocks have been the exception during the session, with the group last reflecting a 1.3% increase in value – which brings us to some market action ….
MARKET ACTION
Diversified explorer Eclipse Metals (ASX:EPM) represented the hopes of energy investors today by trading 25% higher on momentum at its uranium properties in the Northern Territory.
The stock was last trading at A$0.005.
Eclipse confirmed an expansion of its Liverpool project today around the Devil’s Elbow prospect, which has produced rock chips grading up to 7,620 ppm uranium and radioactive volcanic boulders reading values as high as 3,300 ppm uranium.
Previous shallow trenching at Devil’s Elbow has yielded high-grade uranium assays including 3.2% U3O8, 3.7% U3O8, 4.40% U3O8 and 5.8% U3O8 as well as 38.1g/t gold and 28.02g/t palladium.
This site is only 41 kilometres from the worked-out Nabarlek uranium mine which produced 12,000 tonnes of uranium oxide from 568,402 tonnes of ore with a grade of 1.95% U3O8.
Expansion of Liverpool follows quickly on a move by Eclipse earlier this month to raise nearly A$1 million to be used in part on exploration at the project.
BLUE CHIPS
Prices heading up to the close of trade:
Major miners
BHP Billiton (ASX:BHP) down 0.1% to $18.92
Fortescue Metals Group (ASX:FMG) down 1.4% to $2.05
Newcrest (ASX:NCM) up 1.1% to $11.38
Rio Tinto (ASX:RIO) up 0.0% to $46.51
Energy or Oil and Gas
Oil Search (ASX:OSH) down 0.7% to $8.13
Santos (ASX:STO) up 0.6% to $4.05
Woodside Petroleum (ASX:WPL) up 2.1% to $30.24
Big 4 banks
ANZ Bank (ASX:ANZ) down 1.2% to $27.24
Commonwealth Bank (ASX:CBA) down 0.7% to $79.65
National Australia Bank (ASX:NAB) down 0.2% to $29.62
Westpac (ASX:WBC) down 0.0% to $32.08
Other banks, financials and industrials
AMP (ASX:AMP) up 1.0% to $5.80
Bank of Queensland (ASX:BOQ) down 1.7% to $13.66
Bendigo and Adelaide Bank (ASX:BEN) down 0.3% to $11.13
Macquarie Group (ASX:MQG) down 0.5% to $81.27
Suncorp (ASX:SUN) down 0.3% to $13.46
Telstra (ASX:TLS) down 0.3% to $5.39
Retailers
JB Hi-FI (ASX:JBH) up 5.3% to $19.76
Wesfarmers (ASX:WES) down 0.5% to $38.35
Woolworths (ASX:WOW) down 1.0% to $23.77
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