Junior explorers are seeing movement on the Australian Securities Exchange (ASX) today (19 October), led by a 9.52% jump for Impact Minerals (ASX:IPT) in intraday pricing.
New week highs on ASX
While juniors are revelling in the bourse’s attention, giants on the S&P/ASX 200 are enjoying gains to start the week.
The index had gained 18.80 points or 0.21% at around 1pm AEDT, setting a new 20-day high in early week trading.
This pushed the index up by 0.48% over the past five trading sessions and up 1.28% for the year to date.
The energy sector in particular is up 1.96% in today’s session and 3.71% for the past five days, while the materials sector has dropped by 0.28%.
Leading Australian coal producers New Hope (ASX:NHC) and Whitehaven Coal (ASX:WHC) have made an appearance in the top five gains in today’s trading, up 5.73% and 4.91%, respectively.
Attention on New Hope follows its agreement to acquire the remaining 74% of private company Malabar Resources in a deal valued at around $2.4 billion, as reported.
Meanwhile, mining company Deep Yellow (ASX:DYL) has fallen 5.48% today.
Eyes on juniors
Junior explorers are also gaining momentum on the bourse, led by Impact’s nearly 10% jump, which pushes its share price to around $0.023.
With 585.7 million shares on issue and a market capitalisation of $12.29 million, the company has made no announcements since former Managing Director and Founder Mike Jones stepped down after a 20-year reign.
Jones will continue to support the company in an advisory capacity following his departure for health reasons.
He founded Impact in 2006, which listed on the ASX in November that year, and led the company from inception to its current position.
Meanwhile, Western Mines Group (ASX:WMG) has jumped 4% today at time of writing.
The company is now trading at $0.13 per share, with 130.37 million shares on issue and a market capitalisation of $16.29 million.
Earlier in the month, Western Mines reported its final lot of phase five drill results from the Mulga Tank Project in Western Australia.
Western Mines noted that all seven holes in this assay batch returned broad zones of nickel sulphide mineralisation, along with elevated nickel and sulphur coincident with ‘highly anomalous’ copper and platinum group elements.
Write to Maddison Elliott at Mining.com.au
Main Image: ASX
