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ASX closed green; Osteopore rocketed 11.9% on a new deal; AVZ Minerals soared 19% on a $75m capital raise.

  • The ASX200 closed 0.35% higher at 7379.30 to start the week.
  • Osteopore rocketed 11.9% after signing a new $19m research deal.
  • AVZ Minerals rose 19% on raising $75m to fund the Manono project build.

The Australian market started the week up 0.35% at 7379.30 as a rally for energy stocks led gains on the key index following a strong increase in the price of oil last week.

The tech sector followed the general market higher to close Monday’s session in positive territory, boosted by Appen surging 3.6%, Technology One adding 3.3% and NEXTDC finishing the day 2.52% higher.

Bitcoin is trading 0.28% higher over the last 24-hours at US$49,200.40 at 4:30pm AEDT.

Medical tech company Osteopore rocketed 11.9% today after announcing it has signed a $19m new research deal. Under the deal, Osteopore will lead the clinical-industrial Partnership with National Dental Centre Singapore and A*Star research institute to develop next generation jaw implant to access the $1.26bn dental bone graft and membrane market.

Making headlines, AVZ Minerals skyrocketed almost 19% to a record high share price during today’s session after raising $75 million to now have 90% of the funding required to build Manono lithium and tin project in the DRC (Democratic Republic of Congo) which according to the company is the biggest undeveloped deposit in the world.

And McDonald’s is going green, as the fast-food giant launches a new environmentally-friendly restaurant in the UK built from recyclables and powered by wind turbines and solar panels.

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