Winners and Losers: Top firm cops a speeding warning
One listed SA company’s stock market spike was so rapid that the ASX issued a please explain.
Anatara Lifesciences enjoyed such a boom in trading that the ASX intervened last week.
Shares in the company, which specialises in anti-obesity and IBS tech, went from a low of $0.009 to a high of $0.015 on 5 September.
It closed out the week at $0.011, and a market cap of $1.7 million.
There was no reason for the rise, the company said in response to an ASX query, with its most recent piece of major news released in July, when it said it was assessing opportunities and assets to add to its portfolio – aka acquisitions.
“The company is continuing with these discussions, however, they are still at an early stage and there are no binding arrangements requiring disclosure to the market,” the company said.
Unsurprisingly, the company was the top Winner for the week, beating out Micro-X and Marmota – the latter of which announced it had engaged a titanium expert.
iTech Minerals found itself near the top of the Losers list thanks to a new $2 million capital raise. Funding will be used for its antimony and gold mining ambitions.
Magnetite Mines was another Loser, also after closing a $2.65 million raise.
Papyrus fell the furthest – down 33.33 per cent – while Axiom Properties and Spacetalk also wound up in the bottom five.
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The full list of Winners and Losers for the week ended 5 September:
Data via Baker Young Limited analysts.
