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Ferret's MARKET REACTORS - what's hot and what's not
14 Sep 2011 11:59:00
Sydney - Wednesday - Sep 14: (RWE Australian Business News) -
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Some share price moves to keep an eye on in the market:
SIGMA PHARMACEUTICALS (SIP) up 8c to 60c: Intends to pay a 1.5c interim dividend after reporting a net profit of $26.65m in the six months ended July 31, compared with a net loss of $211.09m for the first half of last year. EBIT rose 55.3pc to $38.04m from $24.5m.
MOLOPO ENERGY (MPO) up 1.5c to 69.5c: Reported a net profit of $84.4m for the year to June 30. This compares with last year's net profit of $2.6m and reflects a number of one-off items, including the sale of Molopo's Spearfish asset in Manitoba for a net gain of $138.4m.
COCHLEAR (COH) down $4.09 to $56.01: Plumbed $55.11 in a new wave of selling following a voluntary product recall.
UNIVERSAL BIOSENSORS (UBI) up 6c to $1: Partner LifeScan has received 510(k) clearance from the US Food and Drug Administration to market its OneTouch Verio blood glucose system.
MACPHERSONS REWARD GOLD (MRP) up 1c to 29.5c: Has moved to a binding heads of agreement to acquire the Boorara gold and polymetallic project from Polymetals Mining (PLY). Due diligence located several zones of gold mineralisation outside the current mineral resource.
TUC RESOURCES (TUC) up 2.5c to 18.5c: Analyses of four drill samples from the Stromberg Prospect have shown that the rare earths are contained in xenotime, known for excellent recovery of rare earths.
FRONTIER RESOURCES (FNT) up 1.5c to 22c: Reported high-grade gold results from the initial six diamond core holes drilled in 2011 at the Stormont gold/bismuth/silver Deposit, Moina Project, Tasmania.
DART MINING (DTM) up 3c to 18.5c: In response to an ASX query over a rise from 9c this time last week to 14.5c on Friday, Dart said it had been featured in a newspaper article and a TV news story.
EAST COAST MINERALS (ECM) up 1.5c to 6.5c: Has finalised the purchase of a majority stake in the advanced Austrian Lithium Project in Carinthia from Karntner Montanindustrie with transfer of the exploration and mining licences by the Austrian mining authority, Montanbehorde.
CLEVELAND MINING COMPANY (CDG) up 0.5c to 36c: Completed a $10.1m placement. A total of 29.7m new shares will be issued at 34c, including 12m shares worth $4.08m to Chinese businessman Wang Zhe, principal of Aosen Steel.
