Here we go again, page-13

From Kalkine Media blog:

Peak Resources Limited
Western Australia-based, Peak Resources Limited (ASX: PEK) is a mineral exploration company focussed on exploring for and development of gold, base metal.
With a market capitalisation of around AU$ 36.77 million and ~ 799.26 million outstanding shares, the PEK stock soared up 6.52% today (on 5 June 2019) to AU$ 0.049 by AU$ 0.003 with ~ 1.77 million shares traded.Recently, Peak Resources reverted to an ASX query lodged on 29 May 2019 concerning the change in the price and increase in trading volume of the company’s securities from 27 May 2019 till 29 May 2019.
The company stated that although there was no particular reason behind its stock performance, the recent increase in rare earth prices quoted out of China, which have indicated an increase of ~27% in the Chinese Domestic NdPr oxide price in the last 14 days, could be an indirect cause of the same.Besides, Peak’s 75%-owned Ngualla Rare Earth Project has ~90% of its projected revenue to be attributable to NdPr oxide. Consequently, any increase in NdPr price would have implications for the economics and potential returns of the Project.In addition, another development impacting the rare earth industry is the intensifying trade war between the USA and China.According to the company’s quarterly report for the three months to 31 March 2019,
The company spent around AU$ 627K into operating activities including development initiatives, staff costs and other corporate costs. The net cash as of 31 March 2019 was around AU$ 3.28 million.