Market Update: Healthcare and materials green shoot push ASX to surface


The ASX200 is trading up just over half a per cent.

Most sectors are in the green, Healthcare is leading intraday gains, up around 1.3 per cent, Materials follows, up more than a per cent.

The IT sector has dipped the most, down around half of a per cent.

Today our focus is on HeraMED, Provaris Energy, Aspire Mining and Caspin Resources.

Company news

Medical technology company HeraMED (ASX:HMD) has appointed Anoushka Gungadin as its CEO.

Ms Gungadin experience spans four continents, previously having worked with major companies such as L’Oreal and the Bank of Indonesia.

HMD has been trading at 1.8 cents.

Provaris Energy (ASX:PV1) has partnered with Global Energy Storage (GES) to construct a hydrogen import facility at the Port of Rotterdam, in the Netherlands.

The deal is an extension of the company’s existing collaboration.

The facility will handle both ammonia and compressed hydrogen, with distribution into barges, or by rail and trucks options.

The terminal will also connect to a hydrogen grid called “HyNetwork” operated by a company called Gasunie.

PV1 last traded at 4.1 cents.

Aspire Mining (ASX:AKM) has gained nearly 11 per cent, after it received approval from the Road and Transportation Development Centre (RTDC) for its Detailed Design for the road proposed to be constructed in support of the Ovoot Coking Coal Project (OCCP), in north-western Mongolia.

Construction of this mixed-use road will support existing agricultural and tourism industries in the region.

AKM has been trading at 21.5 cents.

Caspin Resources (ASX:CPN) is up around 21 per cent on a Joint Venture agreement with Australian Strategic Materials (ASX:ASM) in which Caspin will farmout and retain a 25% free carry of the Rare Earth Element (REE) rights on the Mount Squires Project in Western Australia.

The agreement aligns with Caspin’s focus on nickel, copper and gold potential at Mount Squires whilst retaining exposure to its Rare Earth potential.

CPN has been trading at 8.8 cents.


arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.