ASX Today: Stocks to watch on Wednesday


Australian futures were up as we head towards the market opening, suggesting the ASX will open in the green, but may continue to trade more or less flat per the last two days.

Meanwhile, Aussie inflation data drops in a matter of hours and the data included in that package could very well make or break the tenor of the day.

A$1 is fetching 68 US cents.

Despite that, Here are some of the early ASX headlines making the rounds:

Looking at materials, Krakatoa Resources (KTA) has discovered fresh hits of lithium at its Tamba target in Western Australia.

The discovery reflects the latest discovery of the world’s favourite EV battery metal with grades up to 1.7 per cent discovered in the latest campaign.

Krakatoa shares last traded at 3.1 cents.

Odin Metals (ODM) has expanded the strike length of a key target on-site its acreage by six kilometres, growing the total strike length to a solid 10 kilometres for drills to explore.

The company reported multiple priority targets over the strike length, within the 30-kilometre Wilandra Copper Corridor, home to copper mineralisation.

Odin is preparing to carry out a 2000-3000 metre drill testing campaign to test the anomalies.

Odin shares last traded at 1.6 cents.

Meanwhile, Askari Metals (AS2) has wrapped up its extensive first-stage auger drilling for rare earths at its Red Peak project in WA’s Gascoyne region.

Eight hundred samples were collected to test the anomalous areas at Red Peak.

The company is a polymetals explorer with base metals plays in Australia, as well as REEs, and it also hunts for lithium in the African nation Namibia.

Askari shares last traded at 27 cents.

Redbubble (RBL) appears to be winning a sympathetic favour in the courtroom as it reports promising outcomes ahead in an ongoing US legal battle.

“We are pleased with the Ninth Circuit’s judgment,” RBL CEO and Managing Director Martin Hosking said.

“We continue to invest significantly in our processes to protect the interests of artists
and rights holders on our marketplaces, and these rulings reflect our efforts.”

Redbubble shares last traded at 41 cents.

Finally, EDU Holdings (EDU) has announced that its student userbase has grown by an eye-catching 45 per cent over the prior term.

The company announced that term three enrolments totalled 249, beating the 172 enrolments tallied in term two.

EDU shares last traded at 17 cents.

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