Broad market weakness isn’t favouring this resources company today despite the release of strong quarterly activity results
Mineral Resources (ASX:MIN) released its quarterly exploration and mining activities report this morning, outlining 22% growth in iron ore shipments, a 16% increase in Mining Services production volumes and a significant hike in the price the company charges for iron ore.
Following the news, Mineral resources shares fell 1.5% amid broad market weakness.
Telix Pharmaceuticals (ASX:TLX) also announced its quarterly activities report today, showing cash reserves held increased to $154.7 million during the quarter, assisted by a $175 million placement, and Telix is focused on the commercial launch in the US of its lead prostate cancer imaging product, Illuccix, this year.
Following the news, Telix Pharmaceuticals shares fell 2.61%.
DGL Group (ASX:DGL) today announced it has acquired Total Coolants for $2.47 million to add to DGL’s mining product range.
Investors are seemingly impressed with the announcement as DGL shares have risen 0.73% today so far, shaking off the broad market sell-off.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you