The Nickel Industries Ltd (ASX: NIC) share price is trading higher today after the company announced a binding agreement for a battery solar project in Indonesia.

Shares of the nickel pig iron producer are fetching $1.152 apiece, up 2.86%. By comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is 0.22% higher at the time of writing.

Let’s go over the highlights of the agreement.

Binding term sheet for battery solar project

Nickel Industries said it has signed a binding term sheet with solar development company PT Sumber Energi Surya Nusantara (SESNA).

Under the terms, SESNA will “build, power, and maintain” a battery solar project to power a number of the company’s processing plants within the Indonesia Morowali Industrial Park (IMIP).

The project will power Nickel Industries’ Hengjaya Nickel, Ranger Nickel, and Oracle Nickel sites. Power will be generated via two solar batteries with a 200MWp and 20MWh capacity.

The binding term sheet is part of a memorandum of understanding with SESNA, made in January this year. No capital funding will be required by Nickel Industries for the project’s completion.

It also follows Nickel Industries’ previous engagement with SESNA to develop solar infrastructure for its operations. The companies have previously worked together on development of the Hengjaya mine, which Nickel Industries partially owns.

Mining activity is currently powered via diesel generators. Once the solar project is complete, it will save the company 31 million litres of diesel over 25 years.

Nickel Industries Managing Director Justin Werner said:

We are very pleased to announce the next step in our collaboration with SESNA to develop the first renewable energy production within IMIP, which reflects the Company and Tsingshan’s commitment to a material reduction in its greenhouse gas emissions. The fact that Nickel Industries is not required to provide any funding for the project is very attractive, as is the stable nature of the pricing which will be fixed over the 25-year contract period and which is currently lower than existing power costs.

The nickel price has been boosted by several tailwinds recently, including the increased production of electric vehicles in China.

Nickel Industries share price snapshot

The Nickel Industries share price is down 19% year to date.

The benchmark S&P/ASX 200 Index (ASX: XJO), by comparison, is down 6.2% over the same period.

The company has a current market capitalisation of roughly $3.15 billion.

The post Here’s why the Nickel Industries share price is climbing on Wednesday appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• How much have Medibank shares paid in dividends over the past 5 years?
• These ASX 200 shares just cracked new highs today
• Fletcher Building share price lifts on 40% profit boost
• Steadfast share price halted following FY22 results and acquisition

from The Motley Fool Australia https://ift.tt/37tyIwv

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to extend its winning streak. At the time of writing, the benchmark index is up 0.3% to 7,125.5 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are falling:

CSL Limited (ASX: CSL)

The CSL share price is down 1.5% to $292.25. Investors have been selling this biotherapeutics giant’s shares following the release of its full year results. Although CSL delivered a result that was in line with expectations, its guidance for FY 2023 fell short. CSL is forecasting an uplift in profits of around 8%.

Downer EDI Limited (ASX: DOW)

The Downer share price is down over 7% to $5.20. Investors have been selling this integrated services provider’s shares after it reported a 17% profit decline in FY 2022. Management blamed COVID-19 and severe wet weather for the poor performance. However, it is expecting a much better performance in FY 2023 and is guiding to underlying net profit growth of 10% to 20%.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is down 5% to $14.22. This morning this struggling fund manager released its full year results for FY 2022. Magellan reported an adjusted net profit after tax of $399.7 million, which was down 3% year over year. Management also warned that the material client outflows experienced in the second half of the year will impact FY 2023.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price is down almost 8% to $3.60. This is despite the sports betting company revealing that its shares have been approved for eligibility by the Depository Trust Company (DTC), facilitating real time electronic clearing and settlement in the United States. A soft night on the tech-focused NASDAQ index may have taken the wind out of its sails today.

The post Why CSL, Downer, Magellan, and PointsBet shares are falling today appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Everything you need to know about the latest CSL dividend
• Downer share price drops on 17% profit slide
• An ASX 200 market darling in the past, but don’t expect fireworks from the CSL share price going forward
• Magellan share price in freefall despite 44% rise in profits
• CSL share price drops despite expectations of growth in FY23

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/6mstCEk

The Hawsons Iron Ltd (ASX: HIO) share price is sliding today.

Hawsons Iron shares closed yesterday trading for 32 cents and are currently trading at 29 cents, down 9.4%.

Part of the slump looks to relate to a modest decline in iron ore price, down 0.3% to US$140.05 per tonne. Investors may also be concerned about the mid-term demand outlook for the crucial steel-making metal from China, as the Middle Kingdom faces a slowing economy and fresh rounds of pandemic lockdowns.

Similar concerns could explain the 1% slump in the Fortescue Metals Group Limited (ASX: FMG) share price today.

There’s no new price-sensitive news out in regards to the Hawsons Iron share price today.

However, the company did issue a release rejecting court claims against it from Pure Metals.

What court claims were made?

According to the release, the claims came to light in an article published by an Australian newspaper.

Hawsons Iron confirms it has been made a party to proceedings by Pure Metals. It adds that it considers the claims “entirely baseless and without any foundation”.

For some background, Hawsons Iron completed its acquisition of Pure Metals’ 24.15% interest in the Hawsons Iron Project in May 2021 in exchange for Hawsons issuing 90.8 million of its shares to Pure Metals.

Following shareholder approval in November 2020, a liquidator was appointed to Pure Metals’ majority shareholder. This effectively gave it a controlling interest in Pure Metals.

With that in mind, Hawsons states, both parties agreed to issue the Hawsons Iron shares in two tranches rather than one. That was to prevent the liquidator from gaining a relevant interest in more than 20% of the company’s shares.

Further, Hawsons Iron says:

Pure Metals claims that it has suffered loss resulting from the sale of the HIO Shares. The company considers that the issue of the HIO Shares to Pure Metals, an obligation of the company under the transaction, could not conceivably cause loss to Pure Metals, and that any claim by Pure Metals against the company is without merit and misplaced.

The miner says it will “vigorously defend the action”.

Hawsons Iron share price snapshot

Despite today’s slump, the Hawsons Iron share price remains a standout performer, up 161% over the past 12 months. That compares to a full-year loss of 5% posted by the All Ordinaries Index (ASX: XAO).

The post Why is the Hawsons Iron share price slumping 9% today? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• This US investment house has made tens of millions from Brainchip. Guess which other ASX share it’s backing
• Why is the Hawsons Iron share price hiking 6% higher today?
• What’s with the Hawsons Iron share price on Monday?

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/4aDAHGJ

After a shaky start this morning, it’s turning out to be a rather fine afternoon so far for the S&P/ASX 200 Index (ASX: XJO) on Wednesday. At the time of writing, the ASX 200 has gained a healthy 0.24% to rise above 7,120 points. 

The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• How much have Medibank shares paid in dividends over the past 5 years?
• These ASX 200 shares just cracked new highs today
• Fletcher Building share price lifts on 40% profit boost
• Steadfast share price halted following FY22 results and acquisition
• Redbubble share price tumbles 40% as profit turns to loss

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/fqezkdj

The S&P/ASX 200 Index (ASX: XJO) is on form again and on course to extend its winning streak. In afternoon trade, the benchmark index is up 0.2% to 7,120.9 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are rising:

Brambles Limited (ASX: BXB)

The Brambles share price is up 5% to $12.38. Investors have been buying this logistic solutions company’s shares following the release of a strong full year result. For the 12 months ended 30 June, Brambles reported a profit after tax of US$593.3 million. This was an 18% year over year increase.

Challenger Ltd (ASX: CGF)

The Challenger share price is up 6% to $6.79. This morning the teams at Citi and Ord Minnett upgraded this annuities company’s shares to neutral/hold ratings. Elsewhere, analysts at Morgans retained their add rating but trimmed their price target on the company’s shares to $7.40.

Nearmap Ltd (ASX: NEA)

The Nearmap share price is up 4% to $2.00. This has been driven by the release of a solid full year result from the arial imagery company. Nearmap reported annual contract value (ACV) of $167.6 million, which is up 31% year over year. And while it posted another large loss after tax, management revealed that the company remains on track to generate positive free cash flow by FY 2024.

Super Retail Group Ltd (ASX: SUL)

The Super Retail share price is up over 5% to $10.79. This follows the release of a full year result that materially outperformed consensus estimates. Super Retail reported a 19.9% decline in net profit after tax to $301 million, whereas the market was expecting a net profit after tax of $224 million.

The post Why Brambles, Challenger, Nearmap, and Super Retail shares are rising today appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 3 ASX 300 shares having a cracking session today
• Why are ASX 200 retail shares having such a stellar run today?
• Super Retail Group share price jumps 8% on soft FY22 results
• Brambles share price soars 6% on profit and dividend boost
• Nearmap share price on watch as revenue leaps 29%

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Nearmap Ltd. and Super Retail Group Limited. The Motley Fool Australia has positions in and has recommended Nearmap Ltd. and Super Retail Group Limited. The Motley Fool Australia has recommended Challenger Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/qTkBgOR

Investors are finding more positives than negatives on Wednesday as the S&P/ASX 300 Index (ASX: XJO) takes the stairs higher.

More than half of the benchmark’s constituents are in the green today amid a flood of financial reports. While some of the companies included in the index are having a shocker of a session after releasing their numbers, the portion of positive performers is carrying the index upwards.

Here’s a look at a few ASX 300 shares that are humming along today.

Winner Wednesday for these ASX 300 shares

Starting with the company with the smallest market capitalisation, Polynovo Ltd (ASX: PNV). Investors have pushed shares in the burns treatment business 4.8% higher to $2.20 apiece. Yet, Polynovo is one company that hasn’t reported earnings today.

Instead, it appears the company is running on residual excitement stemming from its announcement on 10 August. As previously reported, Polynovo enrolled its first patient in a clinical trial of NovoSorb SynPath. This trial will evaluate the safety and efficacy of Polynovo’s product for long sufferers of chronic diabetic foot ulcers.

Polynovo shareholders would be jumping for joy with this ASX 300 share indulging in a nearly 40% increase in the last month.

Meanwhile, two other companies experiencing raving reviews on Wednesday are Super Retail Group Ltd (ASX: SUL) and Brambles Limited (ASX: BXB). In contrast to Polynovo, these companies have reported their earnings today.

At present, Super Retail Group is up 7.9% to $11.03 Similarly, Brambles is relishing in a 4.28% return, taking the share price to $12.31.

Oddly enough, investors are shaking off a 20% drop in profits in FY22. In contrast, Brambles delivered an 18% increase in profits. The ASX 300 share won investors over with its rather solid FY22 result.

The post 3 ASX 300 shares having a cracking session today appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why Brambles, Challenger, Nearmap, and Super Retail shares are rising today
• Why are ASX 200 retail shares having such a stellar run today?
• Super Retail Group share price jumps 8% on soft FY22 results
• Brambles share price soars 6% on profit and dividend boost
• What’s with the Polynovo share price on Wednesday?

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended POLYNOVO FPO and Super Retail Group Limited. The Motley Fool Australia has positions in and has recommended Super Retail Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/loUEwF4

S&P/ASX 200 Index (ASX: XJO) dividend share Medibank Private Ltd (ASX: MPL) has been a strong performer over the last five years.

The stock has gained 27.5% in half a decade, lifting from $2.76 this time five years ago to trade at $3.52 today.

For context, the ASX 200 has gained around 24% over that time, leaving the health insurance provider outperforming by 3.5%.

And on top of that, the stock has hand investors a portion of its profits every six months.

Indeed, Medibank shares passed their maiden dividend along in 2015, less than a year after the company floated on the ASX.

But how much has it paid out over the last five years? Let’s take a look.

How much have Medibank shares paid in dividends since 2017?

Here’s a recap of all the dividends Medibank has offered its shareholders over the half-decade just been:

Medibank dividend	Amount offered	Franking
September 2017	6.75 cents	100%
March 2018	5.5 cents	100%
September 2018	7.2 cents	100%
March 2019	5.7 cents	100%
September 2019	9.9 cents	100%
March 2020	5.7 cents	100%
September 2020	6.3 cents	100%
March 2021	5.8 cents	100%
September 2021	6.9 cents	100%
March 2022	6.1 cents	100%

All those consistent dividends add up to a grand total of 65.85 cents.

On top of that, long-term investors in the company have seen their shares gain 76 cents apiece in that time.

That would have left them nearly $1.42 better off for each security they held over the last five years – marking a 51.4% return on investment. That’s certainly nothing to scoff at.

And, of course, the franking credits offered alongside the company’s dividends might have brought additional benefits for some investors.

Medibank shares are trading with a 3.7% dividend yield right now.

The post How much have Medibank shares paid in dividends over the past 5 years? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• These ASX 200 shares just cracked new highs today
• Fletcher Building share price lifts on 40% profit boost
• Steadfast share price halted following FY22 results and acquisition
• Redbubble share price tumbles 40% as profit turns to loss
• Why is the CBA share price sliding today?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/bC8AgpW

The S&P/ASX 200 Index (ASX: XJO) is having a decent, if unimpressive, day of trading so far this Wednesday. At the time of writing, the ASX 200 is up by 0.2% at just over 7,120 points after stints in both positive and negative territory today. But unlike the ASX 200, there is one sector that seems to have made up its mind about what it wants to do – ASX 200 retail shares.

Many ASX retail shares are on fire today. In fact, the current best-performing ASX 200 share on the entire index is Super Retail Group Ltd (ASX: SUL). Its shares have rocketed almost 8% higher.

But we are also seeing robust moves across the whole sector. City Chic Collective Ltd (ASX: CCX) is another standout performer, having gained more than 3.5% so far today. Harvey Norman Holdings Limited (ASX: HVN) is up 1.4%, similarly with JB Hi-Fi Limited (ASX: JBH).

Although it’s not an ASX 200 share, candle retailer Dusk Group Ltd (ASX: DSK) is another strong shower, recording a 3.3% gain so far.

So what’s going on with the ASX 200 retail sector today?

Why are ASX 200 retail shares on fire today?

Well, it could come down to a few factors. The first worth mentioning is Super Retail itself. This company’s 6%-plus surge today comes after the retailer reported its FY22 earnings this morning. As we went through, the company reported increased revenues over its FY21 numbers, but a drop in profits. 

Its declared final dividend of 43 cents per share also came in lower than last year’s final dividend of 55 cents. Nevertheless, investors have clearly liked what they have seen today (or perhaps were expecting worse), judging by the massive gains Super Retail shares are now enjoying. 

This positive sentiment could be spilling into the other ASX 200 retail shares on the market today.

Another factor to consider is last night’s (our time) trading session over in the United States. As our Fool colleagues over in America covered, last night’s session also saw the US retail sector record some strong moves.

The giant retailer Walmart reported earnings of its own. These were well-received, with Walmart stock rising more than 5%. This spilled over into many other US retail shares, including Nordstrom, Stitch Fix and Gap. 

So it’s possible these moves are influencing our own ASX markets today.

Whatever the reasons, it’s certainly been a pleasing day for most ASX 200 retail shares this Wednesday.

The post Why are ASX 200 retail shares having such a stellar run today? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Super Retail Group share price jumps 8% on soft FY22 results
• 2 surprisingly ‘robust’ ASX shares to buy in current climate: expert
• JB Hi-Fi share price dips as full-year dividend jumps 43%
• Could this ASX 200 share be heading for a short squeeze?
• 2 ASX 200 dividend shares with ~7%+ yields that experts rate as buys

Motley Fool contributor Sebastian Bowen has positions in Dusk Group Limited and Walmart Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Harvey Norman Holdings Ltd., Super Retail Group Limited, and Walmart Inc. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. and Super Retail Group Limited. The Motley Fool Australia has recommended Dusk Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/5psqImf

The Nuheara Ltd (ASX: NUH) share price is rocketing on Wednesday afternoon.

This comes after the company announced the US Food and Drug Administration’s (FDA) landmark ruling for over-the-counter (OTC) hearing aids in the United States.

At the time of writing, the hearing solutions provider’s shares are leaping to 24.5 cents, up 32.43%.

FDA opens Nuheara OTC hearing aids to US market

Investors are driving Nuheara shares higher following the company’s positive release.

In today’s statement, Nuheara advised that the US FDA is allowing hearing aids within the OTC category. Thus, they can be sold directly to consumers in stores or online without a medical exam or fitting by an audiologist.

It noted that the FDA received over 1,000 public comment submissions on the proposed rule change. Most of these submissions were in favour of OTC hearing aids being more accessible for the 38 million Americans experiencing hearing loss.

Currently, hearing aids are considered expensive in the country, with the average cost at around US$4,726 for a pair. However, they can fetch for US$10,000 if going through a licensed audiologist or a licensed hearing aid retailer.

With the landmark ruling, OTC purchases for a pair of hearing aids could cost less than US$1,000 per pair.

At the moment, there’s a 60-day enactment period until OTC hearing aid consumer retail sales can commence. It is likely this will come into effect in mid-October.

Management commentary

US-based Nuheara CEO John Luna said:

The US hearing aid market is forever changed with this OTC hearing aid final rule publication. We’re very excited in the knowledge that the US consumer could very soon be making the decision to self-care, self-fit with affordable non-prescriptive hearing aids available over-the-counter in traditional retail and online.

This historic change will save consumers with perceived mild-to-moderate hearing loss thousands of dollars on a pair of hearing aids.

Nuheara is well positioned with our OTC hearing aids (pending FDA clearance), through our trademark license agreement with HP Inc. that will be initially available at Best Buy retail stores in the US. OTC hearing aids will become a significant part of Nuheara’s future as we continue to innovate to bring new hearing products to market.

Nuheara share price snapshot

Despite rocketing 32% today, the Nuheara share price has fallen by more than 60% over the last 12 months.

After reaching a 52-week high of 72 cents in August 2021, the shares gradually began treading lower throughout the year.

Based on today’s price, Nuheara presides a market capitalisation of approximately $25.38 million.

The post Guess which ASX biotech share is soaring 32% on a ‘landmark’ FDA ruling appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Guess which tiny ASX mining share just rocketed 45% on new copper and gold finds
• These ASX 200 shares just cracked new highs today
• Genex share price leaps 8% on revised takeover bid from Atlassian founder
• Everything you need to know about the latest CSL dividend
• Fletcher Building share price lifts on 40% profit boost

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/E9HisC5

You won’t hear investors in this tiny ASX mining share complaining today.

While the All Ordinaries Index (ASX: XAO) is waffling between small gains and small losses, this ASX mining share rocketed 45% on open this morning.

Any guesses?

If you said Tennant Minerals Ltd (ASX: TMS), go to the front of the class.

In afternoon trading, Tennant Minerals has given back some of its earlier eye-popping gains but remains up a healthy 15.4%.

So, what’s piquing investor interest?

Bonanza copper and gold intersections

The Tennant Minerals share price is rocketing after the ASX mining share reported that assay results returned a thick intersection of high-grade copper and gold.

The results come from the first hole of its recently completed six-hole diamond drilling program at the Bluebird copper-gold discovery, located within Tennant’s 100% owned Barkly Project in the Northern Territory.

Assay results are still due in for the other five drill holes. The miner said all of the holes had intersected thick hematite alteration and copper mineralisation.

Commenting on the results driving the ASX mining share higher today, Tennant Minerals chairman, Matthew Driscoll said:

The latest drilling results from Bluebird are stunning. Not only have we continued to intersect thick, high-grade copper, but we have also discovered a distinct high-grade gold shoot within the broader mineralised zone with spectacular intersection grades of up to 38.5 grams per tonne gold.

We have really only scratched the surface at Bluebird, with the copper-gold discovery zone still completely open to the west and below 200 metres depth.

The miner is currently defining new drilling targets along a 5 kilometre corridor to “continue building and expanding this significant new high-grade copper-gold discovery”, Driscoll added.

How has this ASX mining share been tracking?

The Tenant Minerals share price is subject to some big ups and downs.

With more ups than downs, the ASX mining share has gained 50% over the past 12 months. That compares to a full-year loss of 5% posted by the All Ordinaries.

The post Guess which tiny ASX mining share just rocketed 45% on new copper and gold finds appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• These ASX 200 shares just cracked new highs today
• Genex share price leaps 8% on revised takeover bid from Atlassian founder
• Everything you need to know about the latest CSL dividend
• Fletcher Building share price lifts on 40% profit boost
• Steadfast share price halted following FY22 results and acquisition

from The Motley Fool Australia https://ift.tt/p5mdlwG