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S&P/ASX 200 rallies 2.16% for its best daily performance this month

The miners managed healthy gains with BHP Group Ltd rising 1.28% and Rio Tinto Limited up 1.29%.

Archer Materials Ltd - S&P/ASX 200 rallies 2.16% for its best daily performance this month
Fortescue Metals rose 1.91%

S&P/ASX 200 (INDEXASX:XJO) has started the week on a firm note advancing 118 points or 2.16% to 5,615.

The index outperformed the Asian markets which were mixed while US and UK markets are closed due to public holidays.

Several sectors have gained more than 2% with healthcare, consumer discretionary, energy, industrials and IT among them.

As lockdown restrictions are slowly being lifted in different states, travel retailer stocks have surged with Flight Centre (ASX:FLT) up 15% and Webjet (ASX:WEB) gaining 16%.

The miners managed healthy gains with BHP Group Ltd (ASX:BHP) rising 1.28% and Rio Tinto Limited (ASX:RIO) up 1.29%. Fortescue Metals Group Limited (ASX:FMG) rose 1.91%.

There were multiple stocks rising more than 10% including Great Southern Mining Ltd (ASX:GSN) (+14.29%), Polarx Ltd (ASX:PXX) (+27.59%), Moho Resources Lt, (ASX:MOH) (+10.29%), Nanoveu Ltd, (ASX:NVU) (+29.41%), Kin Mining NL (ASX:KIN) (+11.54%), Volt Resources Ltd (ASX:VRC) (+33.33%), Strategic Elements Ltd (ASX:SOR) (11.11%), PNX Metals Ltd (ASX:PNX) (+14.29%), St George Mining Ltd (ASX:SGQ) (+12.36%), Castillo Copper Ltd (ASX:CCZ) (+26.32%), Chase Mining Corporation Ltd (ASX:CML) (13.33%), Aeris Resources Ltd (ASX:AIS) (+16.28%), Argosy Minerals Limited (ASX:AGY) (+12.28%), Alice Queen Ltd (ASX:AQX) (+16.67%), Archer Materials Ltd (ASX:AXE) (+29.91%), Broken Hill Prospecting Ltd (ASX:BPL) (+27.78%), European Lithium Ltd (ASX:EUR) (+13.79%) Australian Mines Limited (ASX:AUZ) (+11.11%).

Proactive news headlines:

Archer Materials a market mover with shares up as much as 35% to record high

Archer Materials Ltd (ASX:AXE) is a strong ASX market mover today with shares up as much as 35% on the previous close to a new record high of 78 cents. The previous all-time high was 45 cents on May 1, 2012. Archer has been performing well this month on the back of strong newsflow with shares up from 18 cents on May 1 and a market cap of approximately $114.1 million.

Nanoveu shares surge as antiviral technology independently validated against human coronaviruses

Nanoveu Ltd (ASX:NVU) has more than doubled on receiving further successful independent testing of its antiviral technology against the human transmitted coronavirus strain OC43 by Bioscience Laboratories, at its testing facility in Montana, USA. Testing involved placing a solution containing OC43 strain coronaviruses on a thin film containing the antiviral technology. The company's antiviral protectors protect smartphone and tablet users from viruses and bacteria.

TNT Mines to acquire high-grade US uranium project as the metal price rallies 36% year to date

TNT Mines Ltd (ASX:TIN) has entered into a binding agreement to acquire Vanacorp Aust Pty Ltd which owns the East Canyon Uranium-Vanadium Project in Utah, US. The project comprises 200 unpatented lode claims prospective for uranium and vanadium in the Dry Valley/East Canyon mining district.

Southern Gold continues high work rate with drilling at South Korean projects

Southern Gold Ltd (ASX:SAU) is maintaining a high work rate at its South Korean gold projects with diamond drilling recently completed at the Beopseongpo project and new programs underway at the Deokon and Aphae projects. Two diamond rigs are operating and the company expects to maintain a high work rate throughout the year. Shares have climbed from 9 cents at close on March 13 to be trading at 16.5 cents today.

Volt Resources has exploration underway in Guinea section of world-class Birimian Gold Belt

Volt Resources Ltd (ASX:VRC) has begun exploration of its gold projects in the Siguiri Basin of Guinea, which forms part of the richly mineralised West African Birimian Gold Belt. The initial exploration will start at Konsolon permit and include systematic soil sampling combined with mapping and sampling of artisanal mining pits and shafts.

Fe Limited adding $7 million to bank balance after iron ore royalty interest sale is approved

Fe Limited (ASX:FEL) is set to add $7 million in cash to its bank balance after shareholders on Friday approved the sale of FEL’s Evanston royalty interest over a portion of the Koolyanobbing Iron Ore Mine in WA. When put to the vote at an extraordinary general meeting, there were more than 184 million votes for the sale recommendation and just 183,821 against. Approval of shareholders was one of the conditions of a sale and purchase agreement with TRR Services Australia Pty Ltd, a subsidiary of Trident Resources PLC (LSE:TRR).

Alto Metals fields competing takeover proposal from Habrok

Alto Metals Ltd (ASX:AME) has received a proposal from privately-owned Habrok (Alto) Pty Limited to make an off-market takeover offer for all of AME’s shares for 6.6 cents per share. This proposal is in competition with the offer from Goldsea Australia Mining Pty Ltd of 6.5 cents per share which was recommended for acceptance by the Alto Metals board.

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