Three big movers; CSL rallied on TGA approval, Tennant Minerals soared on a copper discovery, & Calidus Resources gained on lithium discovery.
The Australian market closed 0.83% lower on Tuesday at 6980.30 points as sharp sell-offs in energy, resources, metals and mining stocks weighed down the key index.
NAB’s business confidence data for Australia released today showed business conditions rose in February as fears of the omicron strain of COVID-19 eased.
The stocks that made headlines today were:
CSL shares lifted % today following reports that the biotech company’s ‘super flu jab’ called Flucelvax Quad received TGA approval for administration in children aged 2 years and older.
Tennant Minerals soared % today after the gold and base metal exploration company announced spectacular copper intersections at its Bluebird Prospect in the Northern Territory. Shares in Tennant Minerals were also boosted by news that the price of copper hit a multi-year high last week.
And Calidus Resources jumped % today after the gold miner’s 50%-owned subsidiary Pirra Lithium announced the identification of a substantial lithium-bearing pegmatite with mapped strike length of more than 1 km, around 50km south-west of Marble Bar the East Pilbara.
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