The ASX200 barely flinched after today’s RBA interest rate decision as it was widely tipped to be kept on hold, and it was.
The ASX continued along much the same line, to close down about 0.6 of a per cent.
Most of the sectors lost ground, with only energy powering up nearly half a per cent.
In this bulletin, we’ll look at Recce Pharmaceuticals, Altech Batteries, Haranga Resources, Sequoia Financial Group, BetMakers Technology and Arizona Lithium.
In the green
Anti-infective drug developer, Recce Pharmaceuticals (ASX:RCE) closed up 8.7 per cent after forging a memorandum of understanding (MOU) with PT Etana Biotechnologies, a leading biomedical organisation in Indonesia.
The agreement opens doors for its anti-infective to enter the Southeast Asian market as Etana will help advance the company’s late-stage clinical trials program, including through Government support.
The anti-infective is being trialled with patients suffering UTIs, diabetic foot problems and burns.
Recce closed trade at 50 cents.
Meanwhile, Altech Batteries (ASX:ATC) gained 5.5 per cent after reporting progress on its 60 kiloWatt per hour (kWh) CERENERGY grid storage battery prototypes.
Half the ceramic tubes required have been manufactured, and half the required battery cells have been assembled in Germany.
The final prototypes will be ready mid-this year and will be used to market the batteries to potential customers.
ATC closed the trading session at 5.7 cents.
Now, uranium has certainly been a top performer, even despite a pullback to $100 a pound at the weekend.
A company developing a project in that space is Haranga Resources (ASX:HAR) which today announced it had identified anomalies in weathered rock at two prospects within its project in Senegal, West Africa.
It’s completed 288 auger drill holes between 5 and 15 metres deep, with RC drilling to start again mid-this month.
After trading up throughout the day, HAR closed at 23 cents.
In the red
Financial services company, Sequoia Financial Group (ASX:SEQ) closed down 0.95 per cent after reporting it had launched legal proceedings against Tim McGowen, in relation to the acquisition of Informed Investor from Mr McGowen and others.
The company alleges Mr McGowen has breached various warranties and provisions of a share purchase deed from March last year, and is seeking damages in the order of $3.5 million in the Supreme Court of Victoria.
The company closed trade today at 52 cents.
Meanwhile, BetMakers Technology (ASX:BET) has lost 8.7 per cent despite announcing a 5-year partnership with a division of UK-based PA Media Group, PA Betting Services to launch a broadcast streaming and wagering platform.
Together they’ll launch The adVantage Platform to service global racing markets by the fourth quarter of 2024.
BET shares closed at 10.5 cents.
And, Arizona Lithium (ASX:AZL) is down close to five per cent after appointing a drilling contractor from Rhythm Engineering for its Prairie lithium brine project in
Saskatchewan, Canada. Field activities will begin next quarter.
The lithium price continues to struggle – the commodity is down nearly 80 per cent year on year.
AZL closed trade at 2 cents.
