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S&P/ASX 200 rises 0.52% to extend winning streak to four days

OPEC and its oil-producing allies have agreed to increase production by 500,000 barrels per day beginning in January.

Calima Energy Ltd - S&P/ASX 200
The iron ore price has surged to a new seven-year high of US$137.08 a tonne.

S&P/ASX 200 (INDEXASX:XJO) has gained 0.52% to 6649 by around 1.50 pm as iron ore prices surged to a new seven-year high underpinned by strong demand from Chinese steel mills.

Analytics software firm Nuix (ASX:NXL) surged by as much as 70% after debuting on the ASX today following its initial public offer (IPO).

Nuix had raised $953 million at $5.31 per share from its IPO. The shares were last trading 51% higher at $8 by about 1.50 pm.

COVID-19 update

New South Wales recorded one new case of locally acquired COVID-19 in the 24 hours to 8 pm last night.

The case, a hotel quarantine worker, was publicly disclosed yesterday and is recorded in today’s numbers. Five cases were also reported in overseas travellers.

The US on Wednesday reported its highest single-day death toll due to COVID-19, with 3,157 deaths, that is 20% higher than the previous record set on April 15.

Over the course of the pandemic, 276,148 people in the US have died of the virus, while over 14 million have been infected, according to the latest data by Johns Hopkins University.

Top gainers

Today’s top gainers on the ASX include Calima Energy Ltd (ASX:CE1) (+12.50%), Anson Resources Ltd (ASX:ASN) (+32.26%), Rimfire Pacific Mining N L (ASX:RIM) (+25.00%), Argonaut Resources NL (ASX:ARE) (+16.67%), Elementos Limited (ASX:ELT) (+20.00%), Linius Technologies Ltd (ASX:LNU) (+21.95%) and Roots Sustainable Agricultural Techn Ltd (ASX:ROO) (+26.09%).

Proactive news headlines:

TNT Mines raises A$3.9 million to advance exploration at Eureka and Warriedar gold projects

TNT Mines Ltd (ASX:TIN) has secured firm commitments from new and existing institutional and sophisticated investors to raise A$3.9 million through the issue of 30 million shares at 13 cents per share.

Great Southern Mining receives EIS funds boost ahead of gold drilling

Great Southern Mining Ltd (ASX:GSN) has received a funds boost with approval of the first payment of $109,000 relating to a co-funded drilling campaign at its Cox’s Find Gold Project in Western Australia under the 2020 Exploration Incentive Scheme.

Tempus Resources to commence trading on TSX Venture Exchange on Monday, December 7, 2020

Tempus Resources Ltd ((ASX:TMR) (FRA:4W0) will commence trading on the Canadian TSX Venture Exchange (TSX-V) on Monday, December 7, 2020, under the ticker TMRR.

Roots Sustainable Agricultural Technologies set to benefit with RZTO technology on back of UN declassification of medical cannabis

Roots Sustainable Agricultural Technologies Ltd (ASX:ROO) is set to benefit with its Root Zone Temperature Optimization (RZTO) technology following the United Nations Commission on Narcotic Drugs’ (UNCND) decision to remove cannabis from Schedule IV of the 1961 Drug Convention Treaty.

Cyclone Metals pursues clean development of copper-gold assets in Queensland as copper supply deficit looms

Cyclone Metals Ltd (ASX:CLE) is confident the timing is right for the development of new environmentally friendly processing technology at its copper-gold-cobalt assets in the Mount Isa region of northwest Queensland.

Elixinol Global's share purchase plan receives strong early support with take up of more than 65% so far

Elixinol Global Ltd’s (ASX:EXL) (OTCQB:ELLXF) (FRA:E8M) share purchase plan (SPP) announced last month has received strong early support from shareholders, with a take-up of more than 65%.

CardieX seeks to raise $1 million in share purchase plan to fund expansion of product and market development initiatives

Cardiex Ltd (ASX:CDX) is targeting to raise $1 million under a share purchase plan (SPP) for eligible shareholders.

Elementos extends diamond drilling program to 47 holes at flagship Oropesa Tin Project in Spain

Elementos Ltd (ASX:ELT) (OTCMKTS:ELTLF) (FRA:9EM) has completed 14 diamond drill holes for a total of 1,025.7 metres at its flagship Oropesa Tin Project in Spain, as part of a wider optimisation program to increase the project’s overall resource, annual production rate and mine life.

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