With the ASX market picking up quite substantially over the last few months confidence is finally starting to return to the small to mid cap sector. Each and every day we are seeing a number of stocks moving aggressively and volumes increasing.
Today's star performer was Artemis Resoures, up $0.013 to $0.019 (171%) on 61.5 million units. The company announced that a "Review of Mt Clement Project identifies significant antimony mineralisation". Antimony prices have risen signficantly in the past few years and the company believes that this part of their gold project now warrants drilling.
Coal prices have been in the doldrums and we are seeing recovery in this sector now with good gains made by stocks such as Stanmore Coal (SMR), Continental Coal (CCC) and Universal Coal (UNV) today (all up over 10%).
Hi ASX Stock Selector,
ReplyDeleteToday ASX slipped after recovering early losses and it was closed at 5,420.3. What's your take on this, I mean how do you see this sudden fall at the closing of ASX today. Is it the Dollar- AUD equation or something else. Please share your views with us.
John Hussey,
http://www.capitalvia.com/au/