Jiahe ‘Gower’ He has been appointed as the Chief Executive Officer of Summit Minerals (ASX:SUM).

Summit Minerals is a leading global resource company.

It is engaged in the acquisition, exploration, and development of mineral properties.

Selfwealth’s shares surged by 25% to A$0.175, potentially marking its best day since April 28, 2020.

The stock reached its highest level since June 6.

The flat fee brokerage company announced it received a confidential acquisition proposal from Stakeshop but the board decided against accepting the offer, deeming it not in the best interest of SelfWealth.

The cash offer of 17.5 Australian cents per share did not provide adequate value to Selfwealth shareholders, according to the company.

This news comes after the stock had fallen 30% year to date.

Selfwealth is a Australia-based online brokerage firm that offers flat fee trading services.

DevEx Resources (ASX:DEV) reports a decline in shares by as much as 7.4% to A$0.315, marking their largest intraday loss since September 19.

The mineral explorer announced it has obtained commitments for a A$10 million placement.

In addition to this placement, the company is also launching a pro rata non-renounceable entitlement offer to raise approximately A$11.1 million.

The issue price of A$0.30 per share for both is at a 11.8% discount to the last close on October 10.

The funds raised will be directed towards exploration and development of the Nabarlek Uranium Project, among others.

The shares reached their minimum level since September 22 with the stock up by 21.4% year to date as of the last close.

DevEx Resources is a company primarily engaged in mineral exploration and development.

Kelly Partners Group (ASX:KPG) has declared a fully franked dividend of 0.4392 AU cents per share, which is set to be distributed later this month.

The payout announced by Kelly Partners Group (ASX:KPG) is slated for distribution on October 23.

Kelly Partners Group is a comprehensive business services firm, providing solutions to businesses, private clients, and families.

Shares of Australia’s gambling firm Tabcorp (ASX:TAH) dropped to A$0.895, a fall of up to 2.2%.

Morgan Stanley, the multinational investment bank, lowered their price target for the country’s largest gambling company.

This was done from A$1.30 to A$1.20 after a surprising downturn in the company’s quarterly revenue reports that fell short of market projections.

On top of this, Morgan Stanley reduced its FY24 EBITDA estimates for the company by 9%.

Tabcorp (ASX:TAH) has seen a significant decrease of 14.9% in stock value this year, as of the last market close.

Tabcorp (ASX:TAH) is Australia’s leading gambling firm.

Vmoto (ASX:VMT), an electric two-wheel vehicle manufacturer, has hit its lowest point since May 5, 2020.

The company announced it would undertake a non-renounceable entitlement offer to raise up to A$10.8 million at an issue price of A$0.15 per new share.

This issue price indicates a discount of nearly 10% to company’s last close.

Vmoto (ASX:VMT) experienced a significant decline this year, with shares falling 58.2% as of its last close.

Vmoto (ASX:VMT) is a manufacturer of electric two-wheel vehicles.

Coventry Group (ASX:CYG) recently announced its Q1 FY24 group sales reached a total of A$94.606 million, an increase of 6.1% from the previous year.

In addition, the company’s unaudited EBITDA came in at A$5.446 million, marking a 10.8% increase.

However, as a result of ongoing market uncertainty, Coventry Group (ASX:CYG) will not be providing FY24 guidance at this stage.

The company is currently seeking to implement a range of improvement opportunities.

Coventry Group is a provider of industrial solutions across a broad range of industries.

JP Morgan analysts have increased their price target on Australia’s Aurizon Holdings (ASX:AZJ) to A$3.90 per share, up from A$3.80 per share.

They suggest that favourable weather conditions create a promising outlook for the coal volumes of the rail freight operator.

Maintaining an ‘overweight’ rating on the stock, Aurizon (ASX:AZJ) appears to be following the broader market’s trend, experiencing a 1.6% decrease.

A collective evaluation from 14 analysts shows a diverse range of opinions on the stock: six rate it as ‘buy’ or higher, six as ‘hold’, and two as ‘sell’, their median price target was found to be A$3.90, according to LSEG data.

This year, Aurizon (ASX:AZJ) has seen a 1.1% downfall till latest close.

Aurizon Holdings (ASX:AZJ) is a rail freight operator specializing in the transportation of coal in Australia.

Australian energy stocks, as shown by the .AXEJ index, are ascending as high as 3.8%, setting their sight on their best week since mid-July.

This increase is largely due to the rise of oil prices resulting from escalated military confrontations between Israeli and Hamas forces across the Middle East that have resumed political uncertainty in the region.

Highlighted within this sector is Woodside Energy (ASX:WDS), which has experienced an uptick as much as 4.7% this week.

Alongside it, Santos (ASX:STO) has seen a 3.3% increase.

Should the current gains stand, Origin Energy (ASX:ORG) is also on course to register its best week since February 24.

Beach Energy (ASX:BPT) has also shown a promising development with a rise over 1% this week.

Tracing back to the end of last year, the sub-index has shown an impressive near 3% increase.

Woodside Energy is a major sector company focused on the exploration, development, production and sale of hydrocarbons from natural gas, liquefied natural gas and crude oil in Australia.

Enterprise software maker Atlassian (ASX:TEAM) experiences a 4.7% fall in shares, dropping to $189.95.

The company has announced its decision to purchase video messaging platform Loom for an approximately $975 million through a stock and cash deal.

The total value is to be divided as $880 million in cash and the remainder in shares, as stated by the company.

The deal is expected to conclude in the third quarter of fiscal year 2024.

Prior to this decision, the company’s stock had witnessed a rise of about 55% Year-To-Date.

Atlassian is a company known for creating a host of popular software services aimed at enhancing productivity in the corporate setting.