• Nearmap (ASX:NEA) share price lower despite new product announcement

    ASX aerial imaging shares represented by image of a city from above

    The Nearmap Ltd (ASX: NEA) share price was out of form on Wednesday despite a promising announcement.

    The aerial imagery technology and location data company’s shares ended the day 1% lower at $1.92.

    What did Nearmap announce?

    This morning Nearmap announced the Australian launch of its powerful tool: Nearmap ImpactResponse.

    The company notes that communities and organisations are often overwhelmed and overstretched following natural disasters and weather catastrophes. This includes facing barriers such as limited ground/road access.

    In response to this, the company is launching Nearmap ImpactResponse. This product includes aerial imagery, location data, and geospatial tools to allow organisations to better assess damage, plan a disaster response, and manage rebuilding and recovery efforts.

    It notes that insurers will also be equipped with the best possible property data and intelligence to deliver a quick and effective claims response, to support customers when they need it most.

    This will be achieved by Nearmap aiming to be one of the first organisations to fly and capture aerial imagery of communities affected by natural disasters. By doing so, it expects this powerful city-wide data will be available within days of each event to better support recovery efforts.

    Management commentary

    Nearmap’s Managing Director and Chief Executive Officer, Dr Rob Newman, said: “Our customers have told us aerial imagery, location intelligence and geospatial tools enable them to rapidly assess and understand the situation on the ground following natural disasters, at a time when ground access is limited, and inspection resources are stretched. At these critical times, Nearmap ImpactResponse equips organisations with another powerful first line of response following natural disasters.”

    “Nearmap teams work hard to provide the largest post-catastrophe coverage footprint in Australia. Nearmap has committed to cover an extra ~15,000 sq km of disaster-affected territory outside and above our regularly scheduled capture program which covers more than 90% of the Australian population,” he added.

    The Nearmap share price is down 15% year to date.

    The post Nearmap (ASX:NEA) share price lower despite new product announcement appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Nearmap right now?

    Before you consider Nearmap, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Nearmap wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    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. owns shares of and has recommended Nearmap Ltd. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/3ltkK2Q

  • Bannerman Energy (ASX:BMN) share price leaps 22%, up 60% in a week. Here’s why

    Ansarada share price Businessman doing superman and rocketing into the sky

    The Bannerman Energy Ltd (ASX: BMN) share price has finished the day up more than 22% on yesterday’s closing price.

    It’s pumped the uranium company’s shares more than 60% higher for the week.

    Let’s take a look at what’s been fuelling the Bannerman share price.

    Soaring uranium prices propel Bannerman share price

    Bannerman has not released any price-sensitive news today, or within the past week, to explain the demand for its shares.

    Instead, the euphoric price action can be traced to a single catalyst.

    After being in a prolonged bear market, uranium spot prices have soared to 6 year highs.

    Aggressive buying of the world’s largest uranium fund, Sprott Physical Uranium Trust (SPUT), has fuelled uranium stock prices.

    Since mid-August, SPUT has acquired approximately 900,000 pounds in physical uranium.

    As a result, shares in Bannerman have benefited from the strength of its underlying commodity.

    The company recently addressed this momentum in a market presentation last week.

    More on Bannerman

    Bannerman Energy is an Australian and Namibian listed uranium development company.

    The company’s flagship Etango Uranium Project is located in the Erongo Region of Namibia.

    The last piece of price-sensitive news from Bannerman was in early August when the company released feasibility study results for its Entango-8 project.

    According to the study, the site has strong technical and economic viability.

    In addition, Bannerman highlighted that the reserve holds 117.6 million tonnes at 232 parts-per-million uranium, for 60.3 million pounds of uranium.

    As a result, the company noted a post-tax net present value (NPV) of US$222 million at a potential US$65 per pound of uranium.

    Snapshot of the Bannerman share price

    The Bannerman share price has gone ballistic in 2021. Since the start of the year, shares in the mining explorer have soared more than 275%.

    Shares in Bannerman closed the day at 38 cents, a gain of 22.58%.

    The post Bannerman Energy (ASX:BMN) share price leaps 22%, up 60% in a week. Here’s why appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Bannerman Energy right now?

    Before you consider Bannerman Energy, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bannerman Energy wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    Motley Fool contributor Nikhil Gangaram 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 Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/3zaxy31

  • 2 small cap ASX shares rated as buys

    An executive stands looking out a glass window over the city.

    At the small end of the Australian share market, there are a number of companies with the potential to grow materially in the future.

    Two that investors may want to get better acquainted with are listed below. Here’s what you need to know about them:

    Alcidion Group Ltd (ASX: ALC)

    The first small cap ASX share to watch is this growing informatics solutions company. It is the company behind healthcare software products Miya, Patientrack and Smartpage.

    The increasingly popular Patientrack product helps clinicians know a patient’s status in real-time. It uses predictive algorithms to support time-critical care, allowing doctors to intervene and prevent patient deterioration faster than ever before.

    Thanks to its software, the shift to a paperless environment in the healthcare sector, and a number of favourable industry tailwinds, Alcidion has been tipped to grow strongly in the coming years.

    The team at Bell Potter, for example, are confident in the company’s outlook. As a result, the broker has a buy rating and 45 cents price target on its shares.

    Whispir Ltd (ASX: WSP)

    Another small cap ASX share to watch is Whispir. It is a software-as-a-service company that provides a communications workflow platform automating interactions between organisations and people.

    The company notes that its offering enables organisations to improve their communications through automated workflows to ensure stakeholders receive accurate, timely, useful and actionable insights. Demand has been growing strongly, leading to stellar recurring revenue growth.

    For example, in August the company released its full year results and revealed a 28.5% increase in annualised recurring revenue to $53.6 million.

    Positively, this is still only a small fraction of its total addressable market which is estimated to be US$8 billion.

    The team at Ord Minnett are very positive on Whispir’s future. So much so, last month they put a buy rating and lofty $3.89 price target on its shares. This is materially higher than where the Whispir share price currently trades.

    The post 2 small cap ASX shares rated as buys appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

    More reading

    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. owns shares of and has recommended Alcidion Group Ltd and Whispir Ltd. The Motley Fool Australia has recommended Alcidion Group Ltd and Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/394H0dM

  • Here are the top 10 ASX shares today

    Top 10 - asx today

    Today, the S&P/ASX 200 Index (ASX: XJO) slipped lower on weakness in energy and mining shares. The benchmark index moved 0.27% lower to 7,417 points.

    While it wasn’t quite the day for some sectors, healthcare, tech, and real estate performed solidly.

    The question is: which shares delivered the heftiest gains to investors on the ASX today? Here are the ten stocks that rose to the occasion:

    Top 10 ASX shares countdown today

    Looking at the top 200 listed companies, Pilbara Minerals Ltd (ASX: PLS) was the biggest gainer today. Shares in the lithium producer rallied 7.74% after reporting strong interest at its lithium spodumene concentrate auction yesterday afternoon. Find out more about Pilbara Minerals here.

    The next biggest gaining ASX share today was Breville Group Ltd (ASX: BRG). The appliance maker’s shares rose 4.17% to $30.51 despite no news. Uncover the latest Breville details here.

    Today’s top 10 biggest gains were made in these ASX shares:

    ASX-listed company Share price Price change
    Pilbara Minerals Ltd (ASX: PLS) $2.435 7.74%
    Breville Group Ltd (ASX: BRG) $30.51 4.17%
    Stockland (ASX: SGP) $4.71 3.74%
    Perseus Mining Ltd (ASX: PRU) $1.555 3.67%
    WiseTech Global Ltd (ASX: WTC) $51.40 3.03%
    Super Retail Group Ltd (ASX: SUL) $12.33 2.84%
    Technology One Ltd (ASX: TNE) $11.805 2.47%
    Cochlear Ltd (ASX: COH) $235.51 2.40%
    Yancoal Australia Ltd (ASX: YAL) $2.57 2.39%
    Altium Ltd (ASX: ALU) $34.60 2.28%
    Data as at 3:44pm AEST

    Our top 10 ASX shares countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

    The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

    More reading

    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. owns shares of and has recommended Altium, Cochlear Ltd., Super Retail Group Limited, and WiseTech Global. The Motley Fool Australia owns shares of and has recommended Altium, Super Retail Group Limited, and WiseTech Global. The Motley Fool Australia has recommended Cochlear Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/395M8hR

  • Pure Hydrogen (ASX:PH2) share price surges 30% in a month. Here’s why

    The Pure Hydrogen Corporation CDI (ASX: PH2) share price has blown up over the last few weeks.

    Whereas the S&P/ASX 200 Index (ASX: XJO) has slipped 1.6% into the red over the last month, Pure Hydrogen shares have jumped 30% into the green.

    Let’s see what’s behind this momentum.

    What’s fuelling the Pure Hydrogen share price lately?

    The Pure Hydrogen share price has been on the move after the company made two major announcements in the last month.

    In early August, the company advised it had delivered “excellent preliminary results” at its Serowe 3 coalbed methane (CBM) gas project.

    For reference, the Serowe 3 CBM gas project is a joint venture with BotsGas on the exploration of CBM gas in Botswana, Africa.

    Drilling at the site has encountered 41 metres of “interpreted gassy coal seams” and subsequently reduced the risk of commercialisation for the project. In addition, the total thickness of the coal “is more than double the pre drilling estimates”.

    Then in late August, the company advised that its Serowe 4 well is to be drilled in mid-September and that “short term flow testing” of its Serowe 3 well will occur prior to this.

    It also said that “processing of a new logging method” used in the Serowe 3 well had shown “absorbed gas, free gas and indications of permeability” in several coal target seams.

    Speaking on the update at the time, Pure Hydrogen CEO Scott Brown said the company is “encountering much thicker gassy coal seams than (it) first expected” at Serowe.

    “We expect a lot of new flow across September and October on Serowe’s progress where we are free carried,” Brown added. “Work is also advancing favourably across our hydrogen portfolio in Australia and we look forward to sharing more progress very soon.”

    In the absence of any further price-sensitive news for the company over the last few weeks, it appears that investors are buying Pure Hydrogen shares on these two updates – if not for speculation on the expected new flow as well.

    Pure Hydrogen share price snapshot

    The Pure Hydrogen share price has climbed 190% this year to date, to be one of the ASX’s major performers. It has also gained 305% over the last 12 months – a nice outsized return for investors.

    Both of these results have far outpaced the broad index’s gain of around 25% over the past year.

    The post Pure Hydrogen (ASX:PH2) share price surges 30% in a month. Here’s why appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Pure Hydrogen right now?

    Before you consider Pure Hydrogen, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Pure Hydrogen wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    The author Zach Bristow has no positions 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 Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/395Lukr

  • Why AGL, BHP, IRESS, & Lendlease shares are dropping

    a person in a business suit wipes his forehead with his handkerchief while a red, falling arrow zigzags downwards behind him

    In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is dropping. At the time of writing, the benchmark index is down 0.25% to 7,418.6 points.

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

    AGL Energy Limited (ASX: AGL)

    The AGL share price has dropped 7% to $5.86. This is despite there being no news out of the energy company. However, this decline could be due to a spot of profit taking after its shares jumped earlier this week in response to a new sales arrangement for gas with Cooper Energy Ltd (ASX: COE).

    BHP Group Ltd (ASX: BHP)

    The BHP share price has fallen 3.5% to $40.26. This decline appears to have been driven by a pullback in commodity prices overnight. According to CommSec, the copper price fell 1.2%, the iron ore price also fell 1.2%, and the aluminium price dropped 4%. An update on the mining giant’s potash plans today wasn’t enough to support the BHP share price.

    IRESS Ltd (ASX: IRE)

    The IRESS share price is down 3.5% to $13.23. This financial technology company’s shares have come under pressure since revealing that it has extended the due diligence period granted to EQT. The market appears concerned that this could be a sign that the takeover approach may not be going to plan.

    Lendlease Group (ASX: LLC)

    The Lendlease share price is down 1% to $11.14. This morning analysts at Morgan Stanley retained their underweight rating and $11.40 price target on its shares. While the broker sees a number of potential positive catalysts for its shares, it isn’t enough for a change of rating at this point. Morgan Stanley has concerns over the sustainability of its production targets.

    The post Why AGL, BHP, IRESS, & Lendlease shares are dropping appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

    More reading

    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 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 Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/3zgsIBk

  • AGL (ASX:AGL) share price crashes 7.5% to new 20 YEAR LOW!

    a woman sits with her hands covering her eyes while lifting her spectacles sitting at a computer on a desk in an office setting.

    The AGL Energy Limited (ASX: AGL) share price keeps going from bad to worse.

    At close of trade, shares in the electricity and gas provider finished at $5.87 – down 7.12%. Earlier in the day, shares hit a 20-year low of $5.85 each – an astonishing landmark for the company.

    While the company hasn’t had any market sensitive announcements recently, something is clearly scaring off investors.

    Let’s take a closer look.

    AGL is all out of gas

    The AGL share price had a brief respite yesterday after news of a new sale agreement with ASX energy company Cooper Energy Ltd (ASX: COE). Besides that, it’s been nothing but bad news for AGL shareholders.

    Take, for example, the news on 3 September when AGL was bumped out of the ASX 50. That came on the same day The Motley Fool reported AGL’s dividend yield had increased to 11.7% as its share price further decreased.

    This poor run all comes off the back of the company’s FY21 full-year results where:

    • Revenue decreased 10.0% on the prior corresponding period (pcp) to $10.9 billion.
    • Underlying profits fell 33.5% to $537 million on the pcp.
    • Underlying earnings per share (EPS) dropped 31.6% to 86.2 cents.
    • Net operating cash outflow before significant items was $870 million – a 35% drop.

    Management called FY21 “a challenging year” for AGL. The CEO blamed lower wholesale electricity prices, reduced electricity generation output at peak periods, and the roll-off of legacy supply contracts in wholesale gas.

    What else has been affecting the AGL share price?

    On the last day of the financial year, AGL announced plans to demerge into two businesses, both listed on the ASX. Accel Energy would focus on low-carbon energy production while AGL Australia’s remit will pertain to multiple energy products as well as energy trading, storage, and supply. The AGL share price slumped on the news.

    In June, AGL announced the suspension of its special dividend program in which it planned to pay 25% of underlying profits over the next 2 years.

    Finally, there were multiple updates relating to the company’s current and proposed work sites, including Crib PointLoy Yang, the Portland smelter, and Liddell.

    AGL share price snapshot

    Over the past 12 months, the AGL share price has plummeted 59.2%. Year-to-date, its share are down 51.2%. In fact, AGL shares are so low at the moment, the price is 26.1% lower than when it first listed on the market.

    AGL Energy has a market capitalisation of around $3.7 billion.

    The post AGL (ASX:AGL) share price crashes 7.5% to new 20 YEAR LOW! appeared first on The Motley Fool Australia.

    Should you invest $1,000 in AGL right now?

    Before you consider AGL, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and AGL wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    Motley Fool contributor Marc Sidarous 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 Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/3CfZTXQ

  • Why the Renascor (ASX:RNU) share price is rocketing 26% today

    A drawing of a white rocket streaking up, indicating a surging share pirce movement

    The Renascor Resources Ltd (ASX: RNU) share price is on fire after receiving a favourable outcome from the federal government.

    At the time of writing, Renascor shares are up a massive 26.92% to 16.5 cents. This means that its shares are now trading at a 6-month high.

    Renascor on track for battery anode material operation

    The Renascor share price is firmly in the green today after it updated investors with positive news.

    Renascor advised it has received a significant boost for its planned Siviour Battery Anode Material operation (the Siviour Project) in South Australia.

    According to its release, the Australian federal government has granted Renascor with Major Project Status (MPS) for the Siviour Project. The award follows the recognition of the strategic importance of the Siviour Project in contributing to Australia’s Critical Mineral Strategy.

    The Siviour Project’s vertically integrated operation manufactures purified spherical graphite through the company’s eco-friendly, HF-free2 purification process. The graphite deposit located in Siviour is reported to be the largest graphite reserve outside of Africa.

    Renascor’s aim is to become a leading supplier of low-cost purified spherical graphite for lithium-ion battery anode manufacturers worldwide.

    The award will provide an array of benefits for the company’s Siviour Project. This includes Australian Government approvals, project support and coordination with state government approvals.

    Renascor managing director, David Christensen commented:

    The award of Major Project Status is an important recognition of the strategic importance of Siviour as both a world-class mineral resource and its potential to add further value through a downstream operation in Australia to produce a globally competitive, 100% Australian-made refined graphite product on globally competitive terms for direct sale to the lithium-ion battery supply chain.

    The Major Project Status designation will assist us as we progress Siviour through the final development phases and will offer an important endorsement of the Project as we enter binding offtake negotiations and embark on project financing.

    About the Renascor share price

    Over the last 12 months, the Renascor share price has soared over 860%, with year-to-date up an astonishing 1,100%. The company’s shares have gone strength-to-strength as the lithium sector heats up.

    On valuation grounds, Renascor presides a market capitalisation of roughly $272 million, with approximately 1.9 billion shares on its registry.

    The post Why the Renascor (ASX:RNU) share price is rocketing 26% today appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Renascor right now?

    Before you consider Renascor, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Renascor wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    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 Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/3nxYaJ6

  • Top brokers name 3 ASX shares to buy today

    ASX shares latest buy ideas upgrade best buy Stopwatch with Time to Buy on the counter

    Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

    Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

    Accent Group Ltd (ASX: AX1)

    According to a note out of Morgan Stanley, its analysts have upgraded this footwear retailer’s shares to an overweight rating with an improved price target of $2.60. The broker believes that Accent could open more stores than expected in FY 2022. Particularly given how 65 stores are already mostly signed and sealed. In addition to this, the broker sees opportunities for Accent to expand its Stylerunner brand overseas. The Accent share price is fetching $2.30 this afternoon.

    IDP Education Ltd (ASX: IEL)

    A note out of UBS reveals that its analysts have retained their buy rating and lifted their price target on this language testing company’s shares to $36.40. The broker believes the worst is behind the company after a tough year and remains positive on its growth outlook. Particularly given improving trading conditions in India and the vaccination rollout in Australia. The IDP Education share price is trading at $32.83 on Wednesday.

    Pilbara Minerals Ltd (ASX: PLS)

    Analysts at Macquarie have retained their outperform rating and $2.70 price target on this lithium miner’s shares. This follows the completion of its second online spodumene auction. Macquarie notes that Pilbara Minerals commanded a price significantly higher than it was forecasting. It believes this is a sign that positive price momentum is likely to continue. In light of this, it remains very positive on the company’s outlook. The Pilbara Minerals share price is fetching $2.44 on Wednesday.

    The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

    More reading

    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. owns shares of and has recommended Idp Education Pty Ltd. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/3k9er5d

  • Starpharma (ASX:SPL) share price surges 5% on United States patent news

    happy investor, share price rise, increase, up

    The Starpharma Holdings Ltd (ASX: SPL) share price is pushing higher today following a patent update from the biopharmaceutical company.

    At the time of writing, Starpharma shares are swapping hands for $1.385, up 5.73%.

    What did Starpharma announce?

    Investors are sending the Starpharma share price higher after the company received a new patent in relation to DEP cabazitaxel.

    According to the release, the United States Patents and Trademarks Office (USPTO) approved a patent for the DEP cabazitaxel nanoparticle.

    The new grant covers DEP dendrimer coupled with multiple cabazitaxel drug molecules via a particular releasable linker.

    The patent is due to expire in 2039 but can be extended for a further 5 years.

    Starpharma is currently trialling the DEP cabazitaxel nanoparticle in a late phase 2 clinical development. More than 40 patients with solid tissue tumours, including prostate, ovarian and gastro-oesophageal cancers have been recruited.

    DEP cabazitaxel aims to treat patients with multiple cycles of DEP cabazitaxel, reducing the rate of severe life-threatening bone marrow toxicity. So far, encouraging signals have been observed in multiple tumour types where no new bone metastases were observed.

    Starpharma chief executive, Dr Jackie Fairley commented:

    The grant of this new US patent illustrates the unique and compelling benefits of Starpharma’s DEP drug delivery technology and DEP cabazitaxel.

    We look forward to completing the phase 2 clinical program for DEP cabazitaxel, in parallel with commercial discussions with potential licensing partners.

    It’s worth noting that DEP cabazitaxel is a proprietary nanoparticle version of leading prostate cancer drug cabazitaxel (Jevtana). In 2020, Jevtana achieved global sales of US$536 million.

    Starpharma share price summary

    At the beginning of the year, Starpharma shares rocketed to an all-time high of $2.52 in February. However, the short and sudden rise was short-lived with its shares crashing down the following month.

    Since then, the company’s share price has gradually ticked lower hitting a 52-week low of $1.15 in late August. A slight rebound has ensued after investors picked up its shares at bargain prices.

    Starpharma is down almost 20% when looking at the past 12 months, and around 10% lower in 2021.

    The post Starpharma (ASX:SPL) share price surges 5% on United States patent news appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Starpharma right now?

    Before you consider Starpharma, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Starpharma wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    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. owns shares of and has recommended Starpharma Holdings Limited. The Motley Fool Australia has recommended Starpharma Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/3tKTHUG