S&P/ASX 200 (INDEXASX:XJO) finished 76 points or 1.32% higher today at 5851 – touching a new 11-week high in the process.
The market broke through the 5900 barrier for the first time since March 11 but dropped during afternoon trade as oil prices fell and geopolitical tensions flared.
The index had risen by as much as 2.5% on a strong lead from Wall Street but sagged as China's legislature approved a proposal to impose the controversial National Security Law in Hong Kong.
Top gainers on the ASX today include Bellevue Gold Ltd (ASX:BGL) (+11.11%), Vrx Silica Ltd (ASX:VRX) (+9.37%), MacArthur Minerals Ltd (ASX:MIO) (+10.53%), Musgrave Minerals Ltd (ASX:MGV) (7.41%), Northern Minerals Ltd (ASX:NTU) (+9.09%), Predictive Discovery Ltd (ASX:PDI) (+10.23%) and Twenty Seven Co Ltd (ASX:TSC) (+16.67%).
Proactive news headlines:
Fe Limited step closer to completing $7 million iron ore royalty sale with buyer gaining FIRB approval
Fe Limited (ASX:FEL) is a step closer to receiving $7 million for the sale of its Evanston iron ore royalty interest after buyer Trident Resources PLC (LSE:TRR) received approval from the Foreign Investment Review Board of Australia (FIRB). The only remaining condition to complete the transaction is Trident listing on AIM, which is targeted to occur next week.
Lake Resources looks incredibly undervalued with significant advantages: Orior Capital
Lake Resources NL (ASX:LKE) (OTC:LLKKF) is incredibly undervalued as per a new research report by Orior Capitals Simon Francis, a former top-rated metals and mining analyst in Asia with Macquarie, Credit Suisse and HSBC. This research highlights the potential value of Lakes Kachi Lithium Brine Project in Argentina following the recently released pre-feasibility study (PFS) concerning its sustainable and scalable direct extraction process.
Gold Road on track to produce 250,000-285,000 ounces at Gruyere this year
Gold Road Resources Ltd (ASX:GOR) became one of Australias newest gold producers in June 2019, achieving its first gold pour from the Gruyere Gold Mine in WA along with JV partner Gold Fields Limited (JSE:GFI). Gruyere 2020 gold production for the calendar year is forecast between 250,000 – 285,000 ounces (125,000 – 142,500 ounces attributable to Gold Road).
Imugene research published in prestigious journal titled Frontiers in Immunology
Ground-breaking research from Vienna identified mimotope peptides that when incorporated into Imugenes proprietary immunotherapeutic vaccine delivery platform generate antibodies that bind specifically to immune cells expressing the PD1 biomarker.
Cassini Resources at 12-month high after intersecting nickel-copper-sulphide in first Yarrawindah Brook holes
Cassini Resources Ltd (ASX:CZI) has intersected nickel-copper sulphide in the first two drill holes at Yarrawindah Brook Project 100 kilometres northeast of Perth, Western Australia. The first two drill holes of a diamond drilling program at Ovis and Ovis down-plunge extension prospects have been completed and a third hole, testing a new elecRead More – Source