RareX (ASX:REE) is among the junior miners gaining ground on the Australian Securities Exchange (ASX) today, bucking the broader market downturn.
The S&P/ASX 200 has fallen 47.4 points today, following a positive end to last week, as reported.
The index was down 0.53% at 8,860.70 points around 1pm AEDT, after reaching a new 20-day high in previous sessions.
Despite today’s decline, the index remains up 0.58% over the past five trading days and sits 4.69% below its 52-week high.
Seven of the 11 sectors are trading lower today, with the Materials sector down 1.18% at the time of writing.
Catalyst Metals (ASX:CYL) is among the day’s biggest decliners, with its share price falling 8.16%.
The company is also among those recording the largest deviations from their 90-day average trading volumes, with volume up 461%.
Australia’s mining giants, BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO), are also trading lower, down 0.67% and 1.01%, respectively.
RareX charges on
At the time of writing, RareX is up 11.11%, with its share price at $0.010.
The company has 1.216 billion shares on issue and a market capitalisation of $10.94 million.
Olympio Metals (ASX:OLY) is also among the day’s top performers, gaining 9.09% to reach $0.024 per share.
The company has 241.09 million shares on issue and a market capitalisation of $5.3 million.
Iltani Resources (ASX:ILT) is also trading higher, up 5% at $0.315 per share.
The share price rise follows the company’s report of several ‘high-grade’ intercepts from drilling at the Orient East deposit, including its thickest intercept to date.
As reported by Mining.com.au, Iltani intersected 106m of mineralisation at Orient East, with assays from 15 reverse circulation drill holes returning ‘outstanding’ results.
Iltani has 91.02 million shares on issue and a market capitalisation of $27.3 million.
Write to Maddison Elliott at Mining.com.au
Main image: ASX
