Blue Star Helium (ASX:BNL) has experienced its worst trading day since July 28, 2020.

The company has announced firm commitments to raise A$7 million through an institutional placement of 333.3 million shares at A$0.021 - this is reflected as a 22.2% discount to the stocks last closing price.

This additional equity will be used to support the development of the Voyager helium production plant, with completion expected by the fourth quarter.

Amidst these changes, Blue Star Helium’s stock reached its lowest level since September 7.

In terms of trading volume, over 16 million shares were exchanged, a significant deviation from the 30-day average volume of 1.3 million.

The stock is currently down approximately 53% year-to-date, as of the most recent close.

Blue Star Helium (ASX:BNL) is a firm committed to the development and production of helium.

Shares of payment services firm Spenda (ASX:SPX) recently soared as much as 7.7% to A$0.014, marking their highest point since April 24.

This positive trajectory follows the company’s entering of a binding agreement with software company AgriChain.

This agreement will allow Spenda, through its funder, to integrate early payment services into the AgriChain platform, serving grain growers.

In a further boost to its customers, Spenda will provide extended terms of trade via the provision of pre-approved virtual Mastercards.

These recent developments have contributed to Spenda’s stock success, with a healthy rise of approximately 18.2% thus far this year.

Spenda is a firm that provides payment services to its customers.

Titomic stocks saw an uptick of as much as 18.75% to A$0.019, reaching their highest level since September 22.

However, the shares eventually steadied at A$0.016.

The significant rise occurred following the announcement that Airbus Group has selected Titomic as its supplier for cold spray additive manufacturing, repairs, and maintenance equipment.

Consequently, the airplane manufacturer ordered two Titomic Kinetic Fusion systems for a total cost of A$645,000.

The announcement resulted in over 6.0 million shares being exchanged, a considerable increase from the 30-day average volume of 1.9 million.

Despite this uplift, the stock has experienced a 77.8% decrease this year up until the last close.

Titomic is a metal additive maker specializing in cold spray additive manufacturing, repairs and maintenance equipment.

COG Financial Services (ASX:COG) recently disclosed their Q1 underlying trading performance results.

There was a notable A$6.2 million NPATA attributable to their performance.

COG Financial Services is a company that offers a range of financial services and solutions.

Xtek is maintaining a positive outlook regarding the continued growth of its revenue and profitability in FY24.

The company’s outlook is backed by a pipeline of leads that are currently at various stages of qualification and are valued at more than A$375 million.

Xtek (ASX:XTE) specializes in the development and production of high-quality defense and security products.

Shekel Brainweigh (ASX:SBW) reports that it is appropriately equipped to continue delivering products to its customers promptly.

The company recorded a group revenue of USD 20.107 million (unaudited) for the first three quarters of 2023.

Shekel Brainweigh is a high-tech company specializing in intelligent weighing solutions for retail, healthcare, and industrial sectors.

Shares in Dacian Gold (ASX:DCN) rocketed 96% to A$0.245, marking the largest intraday percentage gain in the company’s history.

The gold producer announced that Genesis Minerals is planning to purchase the remaining 20% stake in Dacian Gold they do not currently own.

The company stated that the offer represents a proposed value of A$0.235 per share, resulting in a total equity valuation of A$286 million ($180.35 million).

This offer per share indicates an 88% premium on Dacian Gold’s closing price on October 13.

Stock trading was heavily congested, with approximately 1.9 million shares exchanging hands, vastly exceeding the 30-day average volume of 86,327.

The value of Dacian Gold’s stock reached its highest level since April 2022, and as of the last close, the stock is up by 25% year-to-date.

Dacian Gold is a gold production company.

Shares of Australia’s Perpetual, now trading on the ASX under ticker PPT, fell nearly 3% after a gain of 2.6% on Friday.

This comes after the company reported higher assets under management (AUM) for the third quarter of September.

Nevertheless, brokerages and analysts, including the teams at Citi, Macquarie, and Morningstar, have trimmed their price targets for Perpetual.

The cuts were prompted by what they see as near-term issues facing the company.

Citi has indicated doubts about a full cashflow turnaround, while Morningstar lowered its fair value estimate by 10% to A$27.50 per share.

Citi has also reduced its price target from A$24.80 to A$22.10, retaining a ‘neutral’ rating.

Macquarie too adjusted its predictions, foreseeing a potential upward movement in Perpetual’s future expenses and reducing its target price from A$30.00 to A$27.50.

Looking further ahead, Citi and Macquarie have fine-tuned their earnings-per-share (EPS) expectations for Perpetual in FY24, reducing them by 2% and 8.6%, respectively.

Perpetual (ASX:PPT) is an Australian investment firm offering a range of wealth management services, including asset management, financial advice, and trustee services.

Iceni Gold (ASX:ICL) announced that George Karageorge has tendered his resignation as their managing director.

Iceni Gold is an Australian-based gold exploration and mining company.

Hawsons Iron (ASX:HIO) recently appointed Jeremy Kirkwood as their new chair.

As a result of the new appointment, Bryan Granzien, the interim executive chair, has resumed his previous role as Managing Director.

Hawsons Iron is a major iron mining firm.