Stocks to watch on the ASX at noon AAP News 12:15:020 21/06/2005 SYDNEY, June 21 AAP - Stocks to watch on the Australian Stock Exchange at noon:
PXL - PROTEOME SYSTEMS LTD - up 14 cents or 87.5 per cent to 30 cents The biotech is developing the world's first portable diagnostic test for tuberculosis.
CNP - CENTRO PROPERTIES GROUP - up 34 cents or 5.79 per cent to $6.21 The property investor is offering to float a half share in a $2 billion retail shopping centre portfolio that has assets in Australia and the US.
MAY - MAYNE GROUP LTD - up 19 cents or 4.01 per cent to $4.93 Shares in the healthcare provider have rallied after Merrill Lynch increased their valuation to $5.21 from $4.77 and retained a buy recommendation.
BDG - BENDIGO MINING LTD - up four cents to $1.09 The gold miner has found a major new gold-bearing reef near its existing operations on the Victorian goldfields.
VOY - VOYAGER ENERGY LTD - up five cents or 17.86 per cent to 33 cents ARQ - ARC ENERGY LTD - steady at $2.00 The oil and gas producers are planning to merge in a move to strengthen their position in the Perth Basin exploration area.
SRA - STRATHFIELD GROUP LTD - up 2.1 cents or 32.31 per cent to 8.6 cents The shares continue to climb on last week's news that the audio and mobile phone retailer's will receive a $12.15 million cash injection.
UNW - UNWIRED GROUP LTD - down 2.5 cents or 7.58 per cent to 30.5 cents The internet broadband service provider is in talks regarding a potential fund raising, which is believed to be related to plans for its network expansion.
DRA - DRAGON RESOURCES NL - down 1.5 cents or 6.38 per cent to 22 cents The minerals explorer is hoping to open other gold projects in the Nordic region after opening its first gold mine in Finland. The cost of developing the project increased by $US5 million ($A6.45 million) to $US17.45 million, pushed up by increased material prices and a dispute with a contractor.
ARX - AUSTINDO RESOURCES CORP NL - down 0.3 cents to 5.9 cents. The gold explorer has eased following a share price rise after it raised $16 million from a share placement to fund development of the Cibaliung gold project in Indonesia.
