To The Moon

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,567.30 on Friday, down 3.15% in the past 5 days. 

1. $TELIX PHARMACEUTICALS LTD(TLX.AU)$ +5.26%

• Telix Pharmaceuticals Limited, a commercial-stage biopharmaceutical company, focuses on the development and commercialization of diagnostic and therapeutic radiopharmaceuticals.

• TLX stock rose 5.26% this week primarily due to its revenue and operational performance for the quarter ended 31 March 2024 (Q1 2024).

• Telix Pharmaceuticals reported a revenue increase to US$114.9 million ($179.1 million) in the first quarter of 2024, up 18% from the previous quarter, driven by strong sales of Illuccix, its prostate cancer imaging product.

2. $BANK OF QUEENSLAND LTD(BOQ.AU)$ +4.42%

• Bank of Queensland leaps 4.42% this week mainly on on improving outlook, ASX 200 investors are bidding up the Bank of Queensland share price on Wednesday.

• On the positive side of the ledger, the bank's half-year statutory NPAT came in at $151 million, a significant year on year increase, impacted by the sale of its New Zealand asset portfolio.

• And the Bank of Queensland share price is rising with the 33% half-year cash NPAT decline beating expectations. The company said the decline was driven by lower revenue and higher operating costs.

3. $CORONADO GLOBAL RESOURCE-CDI(CRN.AU)$ +4.20%

• Coronado Global Resources Inc. is a leading international producer of high-quality metallurgical coal (met coal), which is an essential element in the production of steel.

• Coronado has a proven track record of successfully integrating, operating and developing new assets and has delivered more than $1.5 billion in distributions to shareholders since listing on the ASX in 2018.

• President Joe Biden is gearing up to levy further steel tariffs against China. If successful, these policies could spur growth for steel producers across the country.

4. $SILVER LAKE RESOURCES LTD(SLR.AU)$ +3.99%

• Silver Lake Resources Limited (SLR) is a multi-asset gold company operating in the Eastern Goldfields and Midwest regions of Western Australia.

• Gold prices are hitting fresh record highs on strong central bank activity as well as increased geopolitical tensions.

• Gold prices staged a recovery in the following days amid signs of ongoing economic weakness in China, which bolstered safe-haven demand for the precious metal. Moreover, the increased geopolitical tensions in the Middle East also pushed gold prices to fresh record highs.

5. $LYNAS RARE EARTHS LTD(LYC.AU)$ +3.90%

• Lynas shares leap as Rinehart ramps up $332 million stake.

• According to an exchange filing by Lynas, Rinehart through her private company, Hancock Prospecting Ltd., became a substantial shareholder with a 5.82% stake, holding a total of 54.4 million shares.

• Analysts believe the demand for rare earth elements will outstrip supply in 2026, potentially driving their prices higher as early as next year.