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<WIRE> Haranga Resources (ASX:HAR) Sees Rise on Offshore Uranium Ore Finding

Shares of Haranga Resources (ASX:HAR) have experienced an impressive rise of up to 14.3%, reaching A$0.200 per share - their highest level since October 3rd.

Currently, the stock is up 11.4% and is looking at its best day since September 27th, if the gains persist throughout the trading day.

These gains can be largely attributed to the company’s announcement that it has discovered uranium mineral resource ores at an offshore mine in West Africa.

So far this year, the stock has grown by 45.8% until the most recent closing.

Haranga Resources is a gold mining company with a recent discovery of uranium resources in West Africa.


<WIRE> Panoramic Resources (ASX:PAN) Reports Increase In Sept Quarter Ore Mined By 5% For Savannah Nickel Project

Panoramic Resources has announced a 5 percent rise in the ore mined in the September quarter for the Savannah Nickel Project, pushing the figure to 185,213 tons.

The quarterly contained nickel production was reported at 1,684 tons at the Savannah Nickel Project.

Furthermore, the September quarter saw a significant 56 percent increase in concentrate production at the Savannah Nickel Project, jumping to 23,411 DMT.

Also reported was a substantial 42 percent uptick in the September quarter contained copper production for the Savannah Nickel Project, surging to 932 tons.

Panoramic Resources (ASX:PAN) is a company focused on the exploration and development of nickel, copper, and cobalt projects.





<WIRE> Jefferies Identifies Downside Risk for IDP Education (ASX:IEL) from Diminishing Language Testing Volumes

Jefferies has reported a downside risk for IDP Education (ASX:IEL), predicting a revenue fall due to decreased language testing volumes.

The firm foresees a 20% and 16% decline in IELTS volumes (The International English Language Testing System) for 1H24 and 2H24, respectively, which is expected to negatively impact IDP Education (ASX:IEL)’s revenue.

A projected downside risk of 7% and 8% to 1H and 2H FY24 revenue, respectively, has been identified by Jefferies for the company.

The brokerage has expressed an ‘underperform’ rating for the company, while holding the price target at A$18.00.

A recent LSEG data reveals varied sentiments among analysts: nine out of 14 analysts rate the stock as ‘buy’, two as ‘hold’ and three recommend ‘sell’ or lower.

The median price target stands at A$27.9.

Recently, share prices of IDP Education (ASX:IEL) nosedived to as low as 0.8%, and are overall down by 21.8% for this year until last close.

IDP Education is an Australian firm specializing in international student placements and English language testing services.


<WIRE> Australian Energy Stocks (ASX:EJ) Encounter Worst Week In Nearly Three Months Amid Plunging Oil Prices

Shares of Australian energy stocks (ASX:EJ) have taken a significant hit as they plunge as low as 7.5% this week, reaching their lowest point since the middle of July.

As it stands, energy stocks are currently down 6.4% this week and are on course for their worst week since mid-June if the losses persist.

The downward trajectory of the energy stocks is largely attributed to the falling oil prices where rates dropped approximately 2% on Thursday.

This further adds to previous declines due to concerns of fuel demand outweighing OPEC+’s decision to keep oil output cuts, leading to a tight supply.

Notably, sub-index majors Woodside Energy (ASX:WDS) and Santos (ASX:STO) took heavy hits as they dipped 7.9% and 8.1% respectively throughout the week.

As of the last close, energy stocks have fallen 0.2% year-to-date.

Woodside Energy and Santos are some of Australia’s leading energy companies specializing in oil and gas operations.


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<WIRE> TPG Telecom (ASX:TPG) Anticipates Toughest Week since June Over Due Diligence Expiration

Shares of Australia’s TPG Telecom (ASX:TPG) have depreciated by 2.9% so far, indicating a possible harsh week ahead, a first since June 30, provided losses sustain.

The soft dip in TPG’s performance on Wednesday was because of the expiration of a distinct due diligence period offered to Vocus Group which supported Macquarie for a A$6.3 billion non-mobile fiber assets bid.

Currently, the TPG stock is down by 0.5% at A$5.285.

From where it stood at the end of the last closing, TPG’s stock is down by 8.6%.

The TPG Telecom (ASX:TPG) is a leading telecom and IT service provider in Australia, offering a broad range of communication and IT solutions for residential users, SMEs and large corporations.


<WIRE> Bryah Resources (ASX:BYH) Jumps Following Receipt of Mining Licenses

Shares of Bryah Resources (ASX:BYH) soared by as much as 15.4% to reach A$0.015, which marks their largest intraday gain since late August.

The company, which is primarily involved in mineral exploration, just announced that it has been granted two mining licenses at its 49%-owned Bryah Basin manganese project in Western Australia.

The Bryah Basin Project is a collaborative effort between the company and OM Manganese, a subsidiary of OM Holdings.

However, despite this recent development, Bryah Resources' stock has fallen by 49.4% - year to date - as of the most recent closing.

Bryah Resources (ASX:BYH) is a mineral explorer with a 49% stake in the Western Australia-based Bryah Basin manganese project.



<WIRE> Macquarie Trims Price Target and Rating for Carnarvon Energy (ASX:CVN); Shares Dip

Analysts at Macquarie have revised the price target and rating for Australian oil explorer, Carnarvon Energy (ASX:CVN), taking into account the increased risking on the Dorado project and cash balance.

Consequently, shares of Carnarvon Energy (ASX:CVN) have fallen by 3.2%, standing at A$0.150.

Macquarie has downgraded the target price from A$0.14 to A$0.10 and the rating from ‘neutral’ to ‘underperform’.

They mentioned that legal difficulties with offshore energy have rendered new projects uninvestable until the specifications for consultations can be more precisely defined.

Macquarie noted that there are few reasons for Carnarvon Energy to improve its rating considering that the final investment decision for Dorado seems to be postponed until the regulatory circumstances get better.

Furthermore, Dorado might face delays and Carnarvon Energy (ASX:CVN) may decide to utilize its cash balance for low-quality mergers and acquisitions.

According to LSEG data, 3 out of 6 analysts recommended buying the stock or rating it higher, while 3 advised to ‘hold’ it; their median price target for the stock is A$0.23.

Despite the current developments, Carnarvon Energy’s stock has risen 3.3% year-to-date until the previous close.

Carnarvon Energy (ASX:CVN) is an Australian company engaged in oil and gas exploration.


<WIRE> Macquarie Slashes PEXA Group's (ASX:PXA) Price Target as UK Strategy Following Smoove Acquisition Remains Vague

According to Macquarie, PEXA Group’s acquisition of UK-based Smoove further mitigates the risks of its UK strategy, yet ambiguity remains concerning the execution details.

The brokerage slashes the price target for the digital property settlements platform to A$15.20, down from A$15.80.

Macquarie has stated that ‘the acquisition of Smoove mitigates the risks of the UK roll-out further, however, the business is loss making and unanswered queries concerning the execution strategy linger’.

In addition, Macquarie has downgraded the company’s EPS for FY24-26 by 6.5%, 7.4%, and 6.1%, correspondingly.

At present, PEXA Group’s stock has fallen by 3.1%, now standing at A$10.56.

Taken from analysis provided by LSEG, seven out of eight analysts advise purchasing the stock or rate it higher, whereas one recommends selling.

Their median price target stands at A$14.05.

As of the most recent closing, the stock has dropped by 8.8% for the year to date.

PEXA Group is a digital property settlements platform based in Australia.