Closing Bell: ASX slides as Qantas’ profit takes big dip; MC Mining triples on Chinese coal deal

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The ASX lagged on Thursday after Nvidia’s disappointing Q3 guidance Mineral Resources fell 8pc off a major profit drop Qantas saw a 28pc drop in profit but saw modest share price gains The ASX was ...

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Click headings to sort:Code Name Price % Change Volume Market Cap MCM MC Mining Ltd 0.140 278% 5,651,835 $15,318,494 IVX Invion Ltd 0.004 100% 5,007,555 $13,275,731 LSR Lodestar Minerals 0.002 100% 46,091,655 $2,600,780 ECG Ecargo Hldg 0.005 67% 1,221,930 $1,845,750 HYT Hyterra Ltd 0.050 61% 60,791,322 $28,869,137 NXD Nexted Group Limited 0.185 54% 980,231 $26,582,013 EXL Elixinol Wellness 0.004 33% 2,500,043 $3,963,547 FGH Foresta Group 0.004 33% 544,870 $7,066,137 OAR OAR Resources Ltd 0.002 33% 1,818,624 $4,951,252 TMK TMK Energy Limited 0.004 33% 1,440,193 $20,764,836 UCM Uscom Limited 0.016 33% 60,000 $2,992,134 LGM Legacy Minerals 0.275 31% 285,980 $22,145,549 ASQ Australian Silica 0.030 30% 255,315 $6,482,789 EMN Euromanganese 0.057 30% 3,477,707 $9,590,875 MWY Midway Ltd 0.830 26% 101,791 $57,641,907 AYT Austin Metals Ltd 0.005 25% 200,000 $5,296,765 RGL Riversgold 0.005 25% 129,009 $5,309,850 VML Vital Metals Limited 0.003 25% 20,000 $11,790,134 BTH Bigtincan Hldgs Ltd 0.145 21% 2,488,892 $98,601,112 SNS Sensen Networks Ltd 0.042 20% 40,000 $27,226,806 BM8 Battery Age Minerals 0.150 20% 308,018 $11,628,018 BXN Bioxyne Ltd 0.012 20% 3,256,000 $20,466,454 JAV Javelin Minerals Ltd 0.003 20% 283,333 $10,692,115 ROG Red Sky Energy. 0.006 20% 30,662,690 $27,111,136 SLZ Sultan Resources Ltd 0.006 20% 563,817 $987,932 Wordpress Table PluginHyTerra Limited (ASX:HYT) surged after announcing a $21.9m investment from Andrew Forrest’s $60 billion resources giant Fortescue (ASX:FMG), which will take a near 40% stake in the hydrogen and helium explorer. The deal will, for starters, treble the scale of a drilling campaign at its Nemaha project in Kansas from two to six wells.South African coal stock MC Mining (ASX:MCM) surged over 200% after exiting a trading halt and now over 150% after securing a US$90m deal for Chinese coal miner Kinetic Development Group Limited to take a 51% via a two tranche subscription agreement which will back the development of its Makhado steelmaking coal project.Lodestar Minerals (ASX:LSR) saiddDrilling is about to start at the Ned’s Creek Gold Project. The initial phase will involve drilling two holes, each 250 meters deep, to explore gold deposits in areas identified as high-potential targets. This drilling aims to uncover gold in a geological setting similar to the Wallaby deposit, which has produced millions of ounces of gold. Ned’s Creek is situated in Western Australia’s Yilgarn Craton, an area known for significant gold and copper deposits. The project focuses on four main targets where previous drilling has already revealed high-grade gold.For FY24, education stock Nexted Group (ASX:NXD) achieved a 9% revenue increase, driven by growth in International Vocational and Go Study segments. EBITDA fell due to fewer Technology & Design students and higher visa rejection rates. Despite a drop in net profit after tax to $0.2 million, the company added 800 students, introduced new accredited courses, and saved costs by reducing leased spaces and non-teaching staff.OAR Resources (ASX:OAR) said it has  discovered significant uranium mineralisation at its Amorinópolis Project in Brazil. Surface scans revealed uranium levels up to 131.5 ppm, with two main prospects identified. Historical drillholes from the 1970s were found, and the company plans to expand sampling to map these anomalies and set drilling targets. The largest prospect covers about 1.9 square kilometers and shows strong uranium readings. OAR intends to conduct detailed soil sampling to further explore these promising areas.Euro Manganese (ASX:EMN) has applied to have its Chvaletice Manganese Project recognised as a Strategic Project under the EU’s Critical Raw Materials Act. This designation aims to secure essential materials for Europe’s economy and green transition. If approved, the project could benefit from easier access to financing and streamlined permitting processes. The European Commission is expected to announce the initial list of Strategic Projects in December.Software company, Bigtincan (ASX:BTH), reported a record EBITDA of $11.3 million for FY24, a significant increase from $4.9 million in FY23. Adjusted EBITDA rose to $16.2 million from $8.3 million. The company achieved positive free cash flow of $5.4 million in the second half of the year and an operating cash flow of $6.2 million for the full year. Annual recurring revenue reached $116 million, driven by its Multi-Hub and GenieAI products.ASX SMALL CAP LAGGARDSToday’s worst performing small cap stocks:Swipe or scroll to reveal full table. Click headings to sortCode Name Price % Change Volume  Market Cap TAS Tasman Resources Ltd 0.003 -40% 122,000 $4,026,248 ECT Env Clean Tech Ltd. 0.002 -33% 19,496 $9,515,431 ICR Intelicare Holdings 0.014 -30% 305,475 $5,819,993 ASH Ashley Services Grp 0.195 -28% 721,330 $38,873,494 FTC Fintech Chain Ltd 0.006 -25% 10,000 $5,206,157 SIS Simble Solutions 0.003 -25% 4,943,759 $3,013,803 VPR Voltgroupltd 0.002 -25% 869,406 $21,432,416 SWP Swoop Holdings Ltd 0.195 -22% 142,657 $52,052,234 EEL Enrg Elements Ltd 0.002 -20% 9,729 $2,612,540 LML Lincoln Minerals 0.004 -20% 19,846,168 $10,281,298 LPD Lepidico Ltd 0.002 -20% 1,044,333 $21,472,812 PRX Prodigy Gold NL 0.002 -20% 9,041,668 $5,294,436 NC6 Nanollose Limited 0.017 -19% 355,511 $3,612,134 SPA Spacetalk Ltd 0.030 -19% 1,384,181 $17,559,935 AUK Aumake Limited 0.007 -19% 2,565,351 $15,425,928 DES Desoto Resources 0.110 -19% 82,158 $8,580,938 FFG Fatfish Group 0.009 -18% 1,409,674 $15,472,303 POD Podium Minerals 0.027 -18% 771,643 $15,006,644 CTT Cettire 1.090 -18% 9,965,039 $507,046,833 BNL Blue Star Helium Ltd 0.005 -17% 2,040,439 $11,669,312 LNR Lanthanein Resources 0.003 -17% 33,064 $7,330,908 W2V Way2Vatltd 0.010 -17% 1,089,594 $10,591,410 S2R S2 Resources 0.105 -16% 51,572 $56,607,249 Wordpress Table PluginMelbourne-based luxury retailer Cettire (ASX: CTT) crashed 18% today after reporting a 34% fall in net profit to $10.47 million for FY24, despite a big 81% rise in gross revenue, which nearly reached $1 billion.The company’s marketing expenses more than doubled to $75.7 million, and other costs also increased. Cettire has been under scrutiny and has hired Grant Thornton for a deeper audit, including a review of its revenue recognition practices. TRADING HALTSChange Financial (ASX:CCA) – pending an announcement to the market in relation to a capital raising.ReNu Energy (ASX:RNE) – pending the release of an ASX announcement regarding a proposed capital raise.Enlitic (ASX:ENL) – for the purposes of undertaking a proposed equity raising.Narryer Metals (ASX:NYM) –  pending an announcement in relation to a potential capital raising.IN CASE YOU MISSED ITD3 Energy (ASX:D3E) has reported a 52% increase in measured gas flow rates from its RBD10 well due to the use of its more fit for purpose and accurate metering equipment. This gas flow includes world-class helium concentrations of 4.7% along with 87.7% methane.Finder Energy (ASX:FDR) has completed the acquisition of a 76% stake in PSC 19-11 offshore Timor-Leste, which hosts 34MMbbl of net discovered oil. The company will now fast-track development of the Kuda Tasi and Jahal fields which have appraised gross 2C contingent resource of 22MMbbl oil.Harvest Technology Group (ASX:HTG) has raised $2.2m via sophisticated investors since July 1 to refocus on growth with the company completing most of a restructuring program as part of its three-year plan to profitability.HyTerra (ASX:HYT) has drawn a $21.9m investment from Fortescue that allows it to upgrade its planned two well program to a six well campaign to test for ‘white’ hydrogen and helium in Kansas. Subject to shareholder approval, FMG will become the company’s largest shareholder with a 39.8% strategic interest.Indiana Resources’ (ASX:IDA) reverse circulation drill program targeting the Minos prospect in South Australia’s Gawler Craton has returned gold grades of up to 25.9g/t with multiple target zones intersected.MoneyMe (ASX:MME) has reported a 23% increase in loan originations to $574m and NPAT up 85% to $23m for FY2024 with higher credit quality reducing credit losses. Operating costs have fallen by 7% to $48m while secured assets now make up 55% of the loan book.Pursuit Minerals’ (ASX:PUR) second drillhole at the Sal Rio 2 tenement within its Rio Grande Sur project in Argentina has hit significant high-grade lithium brine at shallow depths of about 161m. Drilling also returned multiple drill hole intercepts above 500mg/L lithium.The final batch of assays from Trinex Minerals’ (ASX:TX3) rock chip sampling at the Halo-Yuri project in Canada have returned strong grades of between 1.2-4.1% Li2O. The result from the OIG prospect is indicative of scope for significant lithium mineralisation.At Stockhead, we tell it like it is. While D3 Energy, Finder Energy, Harvest Technology Group, HyTerra, Indiana Resources, MoneyMe Pursuit Minerals and Trinex Minerals are Stockhead advertisers, they did not sponsor this article.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463294451"}