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Silex skyrocketed 24% after sharing a milestone achievement in its ZS-Si Project

  • The ASX200 closed 0.55% lower at 7485.70 on Thursday.
  • Redbubble dipped on co-founder selling 5-million shares for $21m.
  • Silex skyrocketed on update of key project milestone completion.

The Australian market closed 0.55% lower on Thursday at 7485.70 points as the materials, metals and mining sectors weighed down the key index. BHP was the worst performing stock today, finishing the session down 6.88%.

The tech sector rebounded from morning losses to close higher on Thursday as Altium surged more than 4.17%, while NEXTDC added 2.7%.

Bitcoin is trading 5.19% higher over the last 24-hours at US$49,701.61 at 4:45pm AEST.

Online print-on-demand marketplace Redbubble dipped today after its co-founder, former CEO and current chairman, Martin Hosking sold 5-million Redbubble shares on-market yesterday. For the sale of shares, Mr Hosking will receive a total consideration of $21m, but he still remains the largest shareholder with 39.5m shares, or a 14.4% stake in the company.

Making headlines, shares in Silex skyrocketed 24% on Thursday after the company provided an update on the completion of a ‘key milestone in the Zero-Spin Silicon (ZS-Si) Project’. The R&D company focused on uranium enrichment and semiconductor technologies, successfully completed the start-up of a prototype demonstration facility and testing of the ZS-Si Project.

And Spotify’s new feature allows users to make shared playlists with friends known as ‘Blend’ playlists, for the perfect party mix or blended music feed.

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