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All 11 sectors have been making gains today, with the materials sector up 1.31 per cent.
Mount Ridley Mines (MRD) has risen more than 16.7 per cent after 62 of the 87 air core drill holes at its namesake rare earth element project near Esperance returned total rare earth oxides above 500 parts per million.
Of note was a hole at the Mia prospect, which returned one metre at just under three per cent total rare earth oxides.
Golden State Mining (GSM) has wrapped up its air core drilling at its Four Mile Well gold project near Laverton in Western Australia.
The phase three program included 12 drill holes across a deformed greenstone rock package. Assays from more than 240 drill samples are expected next month.
Meanwhile, Southern Cross Gold (SXG) has dropped more than four per cent to 66 cents this morning.
The fall comes despite the company striking visible gold from its Sunday Creek gold project in Victoria.
The best results from six holes drilled in the area included a 0.3-metre hit grading 249.5 grams per tonne (g/t) gold. This result came from a wider 12-metre hit grading 7.4 g/t gold from 688 metres.
Southern Cross continues to run four rigs across its Golden Dyke, Rising Sun and Apollo prospects.
To the consumer corner, Halo Food Co (HLF) shed 10.5 per cent due to decreasing online sales.
The company said its subsidiary, The Healthy Mummy, had faced a “challenging trading environment”, and Halo has subsequently set about cutting costs. Shares have been trading around 1.7 cents.
It also hasn’t been all fun and games for Toys’R’Us (TOY). The retailer reported a drop in revenue for the first half of the 2023 financial year, sending its shares sliding more than 5 per cent.
The company attributed the drop to its UK launch and a new facility in Victoria. Shares were trading at 1.8 cents this morning.
And health tech company Wellfully (WFL) has ended its merger talks with The Brandbase.
Despite signing a memorandum of understanding with the company back in December, the parties were unable to agree on terms.
While Wellfully initially told investors the partnership could increase sales revenue and accelerate growth plans, it’s now going with an in-house solution.
Wellfully’s shares have been in a trading halt since February and were last trading at 1.5 cents.
