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.
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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 a daily focus.
First up, Invictus Energy (ASX:IVZ) has been followed by more than 10,000 forum users on HotCopper today – and drawn over two dozen conversations – after it saw two of its prospecting licences renewed in Zimbabwe.
The company is looking to run a “comprehensive” program through to 2028 and had been waiting for the Mining Affairs Board to greenlight the extension.
IVZ shares dropped -3.5% on the news; they’re at 20.8 cents each mid-arvo.
Also trending: West Mits Mining (ASX:WWI). West Mits has been working towards a $17.5 million placement that it says will “accelerate gold production at Qala Shallows.” That placement went through today.
Through the placement, the explorer has injected another 437 million shares into the market. It’s been selling at around 4.4cps through to close.
And finally, EMVision Medical Devices (ASX:EMV) has caught some attention after its trading halt right at open this morning; the medtech firm is looking to raise $10 million and is now preparing for that this week.
The ASX has had a rough day early in Week 38; it’s down around -0.4%.
That’s Monday’s HotCopper Market Trends, I’m Isaac McIntyre – see you for close.
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