<WIRE> Hera Med (ASX:HMD) Shares Surge in Biggest Intraday Rise in Three Months Following Strategic Partnership

Shares of Hera Med (ASX:HMD) have seen a significant rise of as much as 15% to A$0.023, marking their largest intraday percentage gain since December 18, 2023.

This lift of stock also puts the company at its highest level since February 28.

The spike in stock comes following the company’s recent strategic partnership agreement with FemBridge, a U.S.-based maternal solutions organization.

The aim of this agreement is to develop a scalable maternal health solution.

‘We anticipate achieving commercial milestones in the immediate future, with a steady growth trajectory expected throughout the remainder of 2024,’ say co-founders Traci Quillen and Maggie Huether.

The company has also seen a rise in trading volume, with about 911,410 shares changing hands, versus the 30-day average volume of 258,305 shares.

Despite the recent rise, the company’s stock is down 0.9% so far this year, as of the last close.

Hera Med (ASX:HMD) is a provider of pregnancy monitoring solutions.

<WIRE> Premier1 Lithium (ASX:PLC) Shares Rise with Drilling Commencement

Shares of Premier1 Lithium (ASX:PLC), once known as SensOre, saw an increase as high as 2.7% to A$0.038, marking their biggest intraday percentage gain since March 7.

The rise came after the lithium exploratory company announced that drilling had begun at the Moonera project located in Western Australia.

Despite this increase, the company’s stock is down by roughly 35% for this year, as of its last close.

This news was originally reported by Neha Soni in Bengaluru.

Premier1 Lithium is a company focused on lithium exploration, specifically in Western Australia.

<WIRE> Australian Mining Stocks Reach Over 4-Month Low due to Slump in Iron Ore Prices; Shares of Core Lithium (ASX:CXO) and BHP Group (ASX:BHP) Fall

Australian mining stocks have fallen to their lowest level since October 24, representing a 0.8% drop.

The Dalian iron ore futures prices have hit a five-month low this Tuesday, with the deceleration attributed to weak sentiment and tepid demand from China, the leading consumer.

In particular, the shares of Core Lithium (ASX:CXO) fell as much as 9.1% subsequent to the company reporting disappointing results and a change in CEO.

Consequently, Core Lithium (ASX:CXO) ranked as the top loser in the mining sub-index, with shares plunging to their lowest level since February 15.

In addition to this, the shares of leading miner BHP Group (ASX:BHP) fell as much as 1.1% to their lowest level since June 1.

Overall, as of the last closing, mining stocks are approximately 13% down this year, in stark contrast to a 1.6% rise in the benchmark index.

Core Lithium (ASX:CXO) is an Australian company focused on lithium exploration and development.

<WIRE> Mandrake Resources (ASX:MAN) Registers Strong Gain Following Project Update

Mandrake Resources (ASX:MAN) shares have witnessed an upswing, rising as much as 10.5% to A$0.042, marking the stock’s most substantial intraday increase since January 29.

The stock is now at its highest level since February 9.

The surge in the share price can be attributed to the defining of a substantial exploration target for lithium mineralization at the Utah Project, as revealed by the lithium explorer.

The company also noticed a significant uptick in trading volumes with around 5 million shares changing hands, approximately seven times the 30-day average volume.

Despite this upturn, the stock is down around 12% year-to-date as of the last close.

Mandrake Resources (ASX:MAN) is a mining company that focuses on lithium exploration.

<WIRE> Eagle Mountain Mining Sees Boost Following Positive Drillings Results in US Project

Eagle Mountain Mining (ASX:EM2) has experienced a share rise of 13.0%, with each share increasing to A$0.078.

If these gains hold, it would mark the company’s best day since the 11th of December.

The copper mining firm reports significant progress in the Silver Mountain project in Arizona, USA, with notable uranium-thorium and rare earth results.

The company states the development of its mineralisation model—detailed full elemental analysis and mineral identification—is ongoing.

Despite the current boost, by the end of last year, EM2 had logged a 7.4% decline.

Eagle Mountain Mining is a copper mining firm in the resources sector, engaged in mineral exploration and development.

<WIRE> National Australia Bank (ASX:NAB) Announces Removal of Operational Risk Capital Add-On

National Australia Bank (ASX:NAB) stated that its common equity tier 1 capital will see an uptick of 18 basis points at Level 2, following the withdrawal of its operational risk capital add-on.

The bank noted an announcement from APRA, Australia’s prudential regulator, detailing the removal of a A$500 million operational risk capital add-on.

National Australia Bank is one of the four largest financial institutions in Australia offering banking services to individuals and businesses across the globe.


<WIRE> Losses Extended by Core Lithium (ASX:CXO) Amid Disappointing Results and Leadership Change

Core Lithium (ASX:CXO), a lithium extraction company headquartered in Australia, has seen a significant decline in their shares, with a reduction of as much as 9.1% to A$0.20.

This evident plunge is noted as being the most significant intra-day percentage decrease since Jan.

The company’s loss after income tax summated to A$167.6 million, in contrast with a loss from continued operations of A$9.2 million reported a year ago.

This unfavorable financial performance is further complemented by a consequential announcement that CEO Gareth Manderson will be stepping down as a part of the company’s strategic review.

The shares of Core Lithium (ASX:CXO) hit their lowest level since Feb.

15, making the company the most significant percentage gainer/loser on the benchmark S&P/ASX 200 index.

Over 21.5 million shares changed hands in comparison with the 30-day average volume of approximately 19.6 million shares.

According to financial services multinational Citi, ‘We maintain our Sell; holders are essentiality buying an option here on an upper-cost quartile project.’ Core Lithium’s (ASX:CXO) stock is down by 12% this year as of last close, in comparison to a 1.6% increase in AXJO.

Company description: Core Lithium (ASX:CXO) is an Australian-based company mainly involved in lithium extraction and exploration.

<WIRE> NickelSearch (ASX:NIS) rises on land access agreements at WA lithium project

Shares of NickelSearch (ASX:NIS) saw a significant increase, rising as much as 38.5% to A$0.036.

It was the company’s most substantial intraday percentage gain since November 8, 2023.

The increase was due to the nickel explorer announcing the signing of land access agreements with a private landholder and two occupiers at its Carlingup project in Western Australia.

These agreements allow the company to submit an application for its first lithium drill programme at the project.

Approximately 3.7 million shares changed hands, a number significantly higher than the 30-day average volume of nearly 1.2 million shares.

Based on the last closed trading session, the company’s stock is up 64.4% year-to-date.

NickelSearch is an Australian mining company, primarily focused on nickel exploration.

<WIRE> Liontown (ASX:LTR) Set for Best Day in One Year Following $363 Million Debt Facility Agreement

Liontown Resources (ASX:LTR) looks to be having its best day in one year, jumping 18.3% to A$1.555.

If upheld, this surge would be the highest it’s seen since March 28, 2023.

Presently, Liontown stock is the top performer in the ASX 200 benchmark index.

The company, a lithium developer, has recently secured a A$550 million debt facility.

This capital will be used for its planned ramp-up and expansion of the Kathleen Valley lithium project in Western Australia.

Liontown suggests that this financial backstop will provide sufficient time to complete the Kathleen Valley’s 4 million tons per annum expansion, which has already been announced.

Around 25 million shares are circulating in today’s market, which is an uptick from the 30-day average volume of 16.5 million.

Year-to-date, the stock has experienced a decrease of 20.3%, as of the last close.

Liontown Resources is a company engaged in the exploration and production of lithium.