Good Afternoon and welcome to HotCopper Highlights for Week 24 of the year, I’m Jon Davidson. In this segment we look at some of the stocks you were watching and discussing the most this week, let’s get into it starting with the most viewed.
Graphite player Talga Group rose to the top of HotCopper’s interest midweek as it won key permits to start digging at its Swedish project producing the forgotten battery metal. Sweden’s a jurisdiction of interest right now, seeing as Aura Energy expect the Swedish government to also overturn a uranium mining ban later this year.
Elsewhere, HotCopper market favourite Zip Co attracted eyes as the company upgraded FY25 guidance. While its end of year EBITDA forecast only increased by $7M, the stock popped 15% on the day of disclosure – but that kind of volatility isn’t really unusual for Zip.
Finally, Meeka Metals was hotly watched as the company confirmed it’s starting to build what is effectively downstream capacity on-site its WA gold project, bringing the former explorer closer to producer status. First ore is expected in the September quarter.
And so what about the most discussed?
A basket of energy stocks including Karoon Energy, one of the cheaper legitimate energy players, were twice discussed this week. First when Iran threatened to bomb US bases in Iraq midweek, and then when Israel attacked Iran on Friday. That latter incident was far more meaningful for price action, with the Brent Crude price jumping dramatically. We’ll see if the market still cares by next Thursday.
Elsewhere, 4DS Memory, a HotCopper favourite, generated chatter throughout the week as the market continues to observe the seemingly-forgotten but still-evident momentum that is Wall Street’s Mag 7, a cohort of stocks now largely considered as AI plays. Microsoft once again became the world’s most valuable company this week; Brainchip also remained one of HotCopper’s favourite destinies on which to speculate.
Finally, the ever-volatile MinRes made most discussed status across the week, with that stock remaining the subject of volatility as iron ore prices remain closer to $90 dollars a tonne US than they do $100 a tonne. Still, the stocks’ recovery from its Liberation Day shock are impressive, and Mineral Resources liquidity remains favourable to day traders.
That’s HotCopper Highlights for Week 24, I’m Jon Davidson, have a great weekend and we’ll see you on Monday.