Shares of Star Entertainment (ASX:SGR) have fallen a record 19.7% to A$0.603 as the company announces capital restructuring plans that include raising A$750 million at A$0.60 per share.

This represents a 20% discount to the closing price on Friday.

The stock resumed trading on Wednesday following a halt since the close of the market on Friday.

Star Entertainment is currently the highest loss maker in the benchmark ASX 200 index.

Analysts at Morningstar expressed their surprise at this second capital raise for the company, coming only seven months after a raise in February.

In light of the company’s current financial struggles, the brokerage has reduced its fair value estimate for the casino group by 33% to A$1.20 per share.

Nearly 16.5 million shares have been traded compared to the 30-day average of 7.6 million shares.

As of the last close, the stock is down 54% for the year.

Star Entertainment (ASX:SGR) is a casino operator known for its capital restructuring plans.

Shah Mohammad Ali has tendered his resignation as the CEO of I Synergy Group (ASX:IS3), the firm announced.

Dato' Lawrence Teo, the company’s Executive Chair, will take on the CEO’s responsibilities in an interim capacity.

I Synergy Group is an innovative marketing solutions company.

Shares of Peppermint Innovation (ASX:PIL) rise as much as 33.3% to A$0.008, potentially seeing their best day since August 21 if gains hold.

The E-commerce company announced that its unit has received two key certifications from the Central Bank of the Philippines (BSP).

The certification allows Peppermint Innovation to be listed among the BSP’s ‘approved and supervised’ Operator Payment Systems across the Philippines.

Approximately 5,577,129 shares are exchanged hands, compared to the 30-day average of 5,067,124.

The stock has fallen 29.4% YTD as of the last close.

Peppermint Innovation is an e-commerce company, whose unit has been issued two key certifications by the Central Bank of the Philippines.

Shares of Todd River Resources (ASX:TRT) experienced a surge as high as 16.7%, reaching A$0.014 - their highest level since June 19.

If these gains hold, this could be the best day for the stock since August 28.

Todd River Resources has entered into agreements to acquire three lithium exploration projects located in the Northwest Territories of Canada.

The company stated it has received commitments to raise A$5 million at an issue price of A$0.01 per share.

This capital raising comes at a discount of 16.7% from the last closing price.

As of last close, the stock is down by 33.3% this year.

Todd River Resources is a specialty mining company who specializes in lithium exploration.

Shares in Novonix (ASX:NVX) experienced a notable increase, rising up to 8.8% to hit A$0.870, positioning the company for its best day since September 15, subject to the continuation of current gains.

The battery producer announced that its Canadian-based division has received C$3 million in research and development funding, in addition to advisory services.

This financial support was provided by the National Research Council of Canada Industrial Research Assistance Program.

Novonix (ASX:NVX) will leverage these funds to propel two key research and development initiatives, which focus on enhancing its battery materials and technology projects.

If the current trend is maintained, the company’s stocks are poised to halt two successive sessions of losses.

Since September 20, Novonix’s stock value has reached its peak, despite having fallen by 45.6% year-to-date, as of the most recent close.

Novonix (ASX:NVX) is a battery manufacturer with a mission to develop advanced materials for lithium-ion batteries, fostering the adoption and brand acceptance of electric vehicles and renewable energy storage.

Shares of Meteoric Resources (ASX:MEI) experienced a dramatic increase, peaking with a 14.9% rise to reach a price of A$0.270.

This marks its highest level of value since July 18th.

The company’s stock also experienced an overall increase of 12.8%, marking the most significant increase since the end of August.

Meteoric Resources, a diversified mining company, has reported that a metallurgical test affirmed the high potential of rare-earth ores at its onshore mine located in Australia.

Reports also indicate that over 9.3 million shares have changed hands, an increase compared to the typical 30-day average volume of roughly 7.0 million shares.

A noteworthy trend this year shows that as of the last closing, the company’s stock has risen by 343.4%.

Meteoric Resources is a diversified mining company focused on the discovery and development of precious and base metal deposits.

Shares of Star Entertainment (ASX:SGR) dropped as much as 19.7% to a record low of A$0.603.

The casino operator’s stock resumed trading after announcing plans to raise A$750 million as part of a major capital restructure.

The company also plans to increase equity at 60 Australian cents per share.

Currently, Star Entertainment is the biggest loser in the benchmark ASX 200 index.

The stock’s Relative Strength Index (RSI) is trading close to the 17-mark, which suggests that the stock may be oversold.

A RSI score of above 70 indicates the stock is overbought, while one below 30 suggests it is oversold.

Approximately 16.5 million shares have changed hands, compared to the 30-day average of 7.6 million shares.

The stock has seen a 54% decrease this year, as of the last close.

Star Entertainment is a leading casino operator.

Shares of Genex Power (ASX:GNX) experienced a drop as much as 6.3% to A$0.150, which is their lowest level since September 13.

This downturn marks the company’s worst day since August 29.

The electric utilities firm reported a minor fire incident at its Bouldercombe Battery Project, although the fire has been contained and the site has been disconnected from the grid.

Genex Power (ASX:GNX) also stated that it’s coordinating with Tesla Motors Australia and Consolidated Power Projects to determine the cause of the mishap.

Despite the current setback, Genex Power shares have witnessed a rise of 18.5% this year as of the last closing price.

Genex Power (ASX:GNX) is an electric utilities company that deals with power generation projects.

National brokerages Morningstar and Jefferies have elevated their estimates for Pro Medicus (ASX:PME), specifically highlighting the largest ever contract scored by the healthcare informatics company.

Pro Medicus of Australia entered into a A$140 million ($89.54 million) agreement on Tuesday for providing its Visage 7 cloud-based diagnostic imaging platform to U.S.

not-for-profit organization Baylor Scott & White Health.

Morningstar upgraded their fair value estimate for Pro Medicus (ASX:PME) by 8% to A$33.50, predicting a midcycle EBIT margin of 71% by fiscal 2033.

Meanwhile, Jefferies elevated their price target to A$82 from A$71, equating to an expectation for increased revenue from 2-6% in future years as a result of growth in the cardiology business segment.

Current stock ratings from twelve analysts include two ‘buy’, eight ‘hold’, and two ‘sell’ or lower, putting the median price target at A$73.60, according to LSEG data.

As of the most recent closing, Pro Medicus (ASX:PME) has seen an increase of 44.8% YTD.

Pro Medicus is a healthcare informatics firm that provides hospitals and imaging centers with advanced visualization capabilities.

Start of coverage for medical equipment supplier Polynovo (ASX:PNV) by Morningstar has concluded with an assessment that puts the fair value estimate at A$1 per share.

The brokerage firm suggests the shares of the company may be overvalued, speculating that the market is being excessively optimistic regarding the speed and range of Polynovo’s commercial deployment and understating the possible competitive forces.

Morningstar reports, ‘We predict that Polynovo will have a limited defense against stronger competition in the upcoming decade, especially once its essential patents lapse in the fiscal year 2028.’ Analysts from Morningstar further anticipate an expansion of the company’s sales team to strengthen market shares.

Polynovo’s shares have notably fallen by 33.9% year-to-date according to the last known closing value.

Polynovo is a supplier of advanced medical equipment.