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S&P/ASX 200 rally pauses following a soft lead from Wall Street

Brent crude oil price was up for a fifth day today by rising 0.4% to US$48.81 as a surprise drop in crude inventories extended a rally driven by COVID-19 vaccine hopes.

Latin Resources Ltd - S&P/ASX 200
Spot gold rose 0.3% to US$1,810.06 per ounce.

S&P/ASX 200 (INDEXASX:XJO) has cooled down after a three-session rally and was trading 0.14% lower at 6,674 by about 1.45 pm.

This follows losses on Wall Street overnight with the Dow Jones and S&P500 indices declining a day after record closes for both.

November continues to be a strong month with the ASX 200 still trading about 12.5% higher with only three sessions remaining in the month.

The mining giants and big four banks were lower today, while Wesfarmers (ASX:WES), Woolworths (ASX:WOW) and Afterpay (ASX:APT) have gained.

Top gainers

Today’s top gainers on the ASX include Latin Resources Ltd (ASX:LRS) (+17.24%), Maximus Resources Limited (ASX:MXR) (+14.81%), Pure Minerals Ltd (ASX:PM1) (+21.62%), Linius Technologies Ltd (ASX:LNU) (+14.71%), Elementos Limited (ASX:ELT) (+20.00%), Nexus Minerals Ltd (ASX:NXM) (+12.00%) and Engage:BDR Ltd (ASX:EN1) (+40.00%).

Proactive news headlines:

Strategic Elements keeps Battery Ink development on track and looks to data sector

Strategic Elements Ltd (ASX:SOR) has commenced finalising the scale up of its battery ink technology to achieve a volume of one litre of ink this week for its self-charging battery.

Lake Resources’ high purity 'clean' lithium carbonate to be used for first lithium-ion battery test cells at Novonix

Lake Resources NL’s (ASX:LKE) (OTCMKTS:LLKKF) (FRA:LK1) high purity 'clean' lithium carbonate produced from Kachi brines has been sent to Novonix Ltd’s (ASX:NVX) (OTCQX:NVNXF) Novonix Battery Technology Solutions in Nova Scotia, Canada, to produce NMC622-based lithium-ion battery test cells.

Latin Resources to hit Noombenberry Halloysite-Kaolin Project with first aircore drilling in early December

Latin Resources Limited (ASX:LRS) (FRA:XL5) will begin maiden aircore drilling early next month at its Noombenberry Halloysite-Kaolin Project near Merredin in Western Australia.

Comet Resources observes extensive surface copper mineralisation at Barraba

Comet Resources Limited’s (ASX:CRL) initial site investigation of the historical high-grade Murchison Copper Mine and Gulf Creek North prospects at Barraba Copper Project in northern NSW has identified extensive surface copper mineralisation.

Jindalee Resources progresses McDermitt Lithium Project drilling with 10 holes completed

Jindalee Resources Ltd (ASX:JRL) is progressing a drilling program at the McDermitt Lithium Project in the US state of Oregon with the first 10 holes of a 21-hole program completed.

Andromeda Metals hikes Great White Kaolin JV Deposit resource by 33%

Andromeda Metals Limited’s (ASX:ADN) updated mineral resource estimate for its 75%-owned Great White Deposit near Poochera on the west coast of South Australia’s Eyre Peninsula has increased by 33% over the previous estimate.

Pure Minerals higher on signing nickel offtake MOU with lithium-ion battery manufacturer Samsung SDI

Pure Minerals Ltd (ASX:PM1) is trading higher on entering a non-binding Memorandum of Understanding (MOU) with Samsung SDI Co Ltd for the supply of nickel from the TECH Project, 100%-owned by its wholly-owned subsidiary Queensland Pacific Metals Pty Ltd (QPM).

Creso Pharma set for TGA's final decision on reclassification of CBD products in Australia

Creso Pharma Limited (ASX:CPH) (OTCMKTS:COPHF) (FRA:1X8) is set for the Therapeutic Goods Administration’s (TGA) final decision confirming an interim recommendation to down schedule the distribution of cannabidiol (CBD) products in Australia and this is expected in late December 2020.

K2fly achieves SAP endorsed Apps Certification milestone after rigorous testing

K2fly Ltd (ASX:K2F) has completed its final certification as an SAP Endorsed APP – a new category of solutions from SAP’s partner ecosystem to help customers become best-run, intelligent enterprises.

Firefinch celebrates first gold under its ownership of Morila

Firefinch Ltd (ASX:FFX) (OTCMKTS:EEYMF) (FRA:N9F) is an income-generating gold producer after completing the first gold pour at Morila Gold Mine in Mali under its ownership.

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Sipa Resources focused on northern Pilbara resources hotspot

Sipa Resources Ltd (ASX:SRI) managing director Pip Darvall outlined the company’s busy work program in the northern Pilbara of Western Australia, encompassing the Paterson Province, during this week’s Proactive Resources Webinar. A primary focus is the Warralong Gold Project that is...

22 hours, 30 minutes ago

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