With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets – which is why getting out in front of those trends is so important for any trader worth their salt. In this daily HotCopper Trends column, we break down the top three stocks talked about on any given trade day, and why they’ve drawn attention from hawk-eyed users.
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No surprise, Invictus Energy (ASX:IVZ) has leapt out as the most-discussed stock on the HotCopper forums today after it confirmed the Qatar Royal Family had indeed picked up a 19.9% stake at a “premium price.”
The family has come on board through Al Mansour Holdings (AMH) and will inject US$500 million into the Cabora Bassa project as it builds to production.
IVZ shares rocketed on the news, jumping as much as +90% through to lunchtime.
Elsewhere on the forums, regular trender DroneShield (ASX:DRO) popped on “surging revenue and profitability.” The company’s results today actually sent the stock into a slight dip, though, with DRO down -2.8%.
And finally, budding producer Core Lithium (ASX:CXO) has drawn attention after pausing this morning. The company is looking to stage a cap raise.
As for the bourse at large, the ASX 200 is up around +0.24% right now.
That’s Wednesday’s HotCopper Market Trends, I’m Isaac McIntyre – see you for close.
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