The Galileo Mining Ltd (ASX: GAL) share price is gaining ground today. Newfound momentum has sprouted from the company’s drilling update this morning.

At the time of writing, shares in the base metals explorer are trading 7.69% higher to 20 cents a share.

Approved and ready

Today’s excitement stems from the miner receiving statutory approvals. These approvals are in relation to the Delta Blues nickel prospect in the Fraser Range.

While Galileo had his eyes on the stars above, Galileo Mining is fixated on the treasures below. The small-cap mining explorer aims to provide the metals necessary for the electric future — nickel, copper, and cobalt.

Galileo has moved a step closer to this ambition, gaining approval for its drilling program. An initial 1,000-metre diamond drilling program is planned to commence in mid-June. The program will also test highly conductive targets at DB1 and DB2 in the Fraser Range region of Western Australia.

Additionally, Galileo Mining expects the drilling to be completed within three weeks of commencement. The findings will give clarity to the conductive anomaly found, exhibiting a strike length between 800 to 900 metres.

Managing director commentary

Contained in the release, Galileo managing director Brad Underwood commented on the progress:

The first drilling programs at our northern Fraser Range project identified highly prospective rocks with strong indications of nickel and copper at the Lantern Prospect. Following this confirmation of prospectivity we now enter our next phase of drilling optimistic that we can generate significant drill results at the Delta Blues prospect.

Today’s update, amplifying the Galileo share price, is less than a month after the company reported its discovery of the nickel target. On the target details, Mr Underwood stated:

Our target generation work at the Delta Blues prospect has utilised high quality data sets with positive interpretations by world class geological and geophysical professionals. The strength of the EM conductors, and their positions on the magnetic and gravity maps, present a compelling case of the potential for mineralisation. We look forward to updating the market as drilling gets underway and as the results of drilling are received.

Galileo Mining share price snapshot

The Galileo Mining share price has provided an 18% return in the last year to shareholders. However, the S&P/ASX 200 Index (ASX: XJO) has delivered a superior return of 32% over the same period. 

Furthermore, shareholders have also endured an erratic ride, with the share price fluctuating between 20 cents and 40 cents multiple times throughout the last year. 

More reading

• Why the Aston Minerals (ASX:ASO) share price is surging 6% today
• The ASX’s China problem is getting worse… and quickly
• The Boss Energy (ASX:BOE) share price is up 16% today. Here’s why
• Berkshire Hathaway reveals Warren Buffett’s eventual successor
• ResApp (ASX:RAP) share price surges 5% on new agreement

Motley Fool contributor Mitchell Lawler 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.

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The Aston Minerals Ltd (ASX: ASO) share price is surging today. At the time of writing, the Aston Minerals share price is trading at 16 cents, up 6.45%. 

Below we take a look at what’s driving investor interest in the ASX gold share.

What did Aston Minerals report to spark investor interest?

Aston Minerals’ share price is rocketing after the company reported it has mobilised a second diamond drill rig at its Edleston Gold Project in Ontario, Canada.

The second rig will commence drilling along the northern repetition of Aston’s Edleston Main Prospect. Previous drill holes have yielded results of 116.1 metres at 2.59g/t Au from 196.1 metres. These results also include 1 metre at 90g/t Au from 220 metres and 4 metres at 31.07g/t Au.

The company also reported additional positive results from its ongoing review and validation of historical data across the Northern Edleston Zone acquired from former consultants at the site.

To date, Aston Minerals has completed 14 holes for 5,635 metres of drilling. Results for these samples are pending.

Management commentary

Commenting on the deployment of the second rig, managing director, Dale Ginn said:

The second diamond drill rig arriving to site provides us with the capacity to rapidly expand our exploration footprint across two discrete target areas at once. The Northern Edleston Zone appears to be a significant repetition of the body of mineralisation identified at the Edleston Main Zone. Based on the drilling to date, it appears that the transported cover sequence across Northern Edleston Zone is shallower than that of Edleston Main Zone.

Through interpreting the IP geophysics across the Northern Edleston Zone target, it appears that the chargeability anomaly extends in an arc like shape for approximately 900 metres of strike.

So far only 4 drill test holes have targeted this area. Additionally, the company reported that each hit substantial mineralisation.

Ginn also notes that “with the 3D inverted IP chargeability data we have the capacity to directly target the mineralisation.”

Aston Minerals released its quarterly activity report on Friday, 30 April. You can find that here.

Aston Minerals share price snapshot

You won’t hear Aston Minerals shareholders complaining about the company’s performance over the past 12 months. Especially with shares up an eye-popping 750%. That compares to a gain of 35% on the All Ordinaries Index (ASX: XAO).

The Aston Minerals share price has continued to be a stellar performer in 2021, with shares up 325 % year-to-date.

More reading

• The ASX’s China problem is getting worse… and quickly
• The Boss Energy (ASX:BOE) share price is up 16% today. Here’s why
• Berkshire Hathaway reveals Warren Buffett’s eventual successor
• ResApp (ASX:RAP) share price surges 5% on new agreement
• 2 ASX tech shares to buy in May 2021

Motley Fool contributor Bernd Struben 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.

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It’s no secret that the bilateral relationship between Australia and the People’s Republic of China has been on the rocks for a while now. A few months ago, I penned a piece discussing the ASX’s ‘China problem’. This all started last year when Australia called for an independent inquiry into the origins of the coronavirus pandemic. Following that, the Australian government has also been criticised by China for its comments on human rights violations in Xinjiang. As well as in Hong Kong. A resulting diplomatic tit-for-tat ensued, which has escalated into a series of trade boycotts from China. Last year saw China impose import restrictions on Australian wine and barley.

Today, a number of ASX companies have been severely damaged by these actions. Treasury Wine Estates Ltd (ASX: TWE) shares have seen some pain from these Chinese import restrictions. A2 Milk Company Ltd (ASX: A2M) and Bubs Australia Ltd (ASX: BUB) shares have gone backwards over falling Chinese exports and tightening daigou channels. Other China-exposed shares like Bega Cheese Ltd (ASX: BGA), Costa Group Holdings Ltd (ASX: CGC) Blackmores Limited (ASX: BKL) are no doubt watching nervously.

Well, things certainly aren’t getting better on the China front. In fact, things look to be getting worse. Much worse.

The ASX’s China threat grows

A report in The Sydney Morning Herald (SMH) today outlines how one of Australia’s top military generals has warned his troops that Beijing is “already engaged in grey-zone warfare” and described “a high likelihood” that armed conflict could break out between China, the United States, and, by extension, Australia.

The issue driving these tensions is the island of Taiwan. Australia’s defence minister, Peter Dutton, last week made similar claims, stating that a conflict over Taiwan “could not be discounted”. Taiwan is a democratic and self-governing island. But China claims it as part of its own territory. It has even promised to ‘reunify’ it with the mainland by force if necessary. Under the American Taiwan Relations Act, the US is obligated to assist Taiwan in its defences. And Australia, in turn, is bound to defend the United States under the ANZUS treaty.

If this awful outcome does eventuate, it will make the disputes of the past year or so look pitifully mundane by comparison. All bets would be off. And it’s likely that all Australia-China trade would cease. That’s a big deal for the ASX’s largest companies. Especially miners like BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG).

Let’s hope it doesn’t come to that. But for investors, this is certainly an area to keep a close eye on going forward.

More reading

• The A2 Milk (ASX:A2M) share price is up 5% in 5 days. Can it go higher?
• Why Bubs, IDP Education, ResMed, & Tyro shares are dropping today
• Deterra (ASX:DRR) share price outperforms on royalty update
• A2 Milk (ASX:A2M) share price continues to stink in April
• ASX miners set for tough start even as commodity premiums hit a 14-year high

Sebastian Bowen owns shares of A2 Milk. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of BUBS AUST FPO. The Motley Fool Australia owns shares of and has recommended A2 Milk, Blackmores Limited, COSTA GRP FPO, and Treasury Wine Estates Limited. The Motley Fool Australia has recommended BUBS AUST FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in Boss Energy Ltd (ASX: BOE) are gaining today after news the company has all the permits it needs to start producing uranium in Australia. At the time of writing, the Boss Energy share price is rocketing 16.13% higher than yesterday’s closing price, trading at 18 cents.

Let’s take a closer look at the mineral exploration company’s announcement.

Production permission

Boss Energy shares are surging after the company announced positive results from its review of the permits required to produce uranium in South Australia.

The company has found it already holds all the necessary permits to get its Honeymoon project up and running, including those needed to up its nameplate production to 2.45 million pounds per year.

State and federal government approval has been received for Boss Energy to mine, process, store, transport, and export uranium. This means it’s one step closer to becoming Australia’s next uranium producer.

The review also found the company’s planned IX expansion and process modifications – aimed at reducing the project’s costs – can be combined with existing state and federal approvals.

Boss Energy has received Honeymoon’s mineral lease, EPA licences, and an approved transport management plan from the South Australian Government to move uranium oxide concentrate from the project to port. 

It also has the federal permits needed to possess nuclear material and to ensure the security of uranium oxide concentrate, as well as recently renewed federal export permissions.

Boss Energy also shared it has recently signed agreements to purchase 1.25 million pounds of uranium oxide concentrate. It says this will enhance the project’s financial position, increase flexibility in its funding and negotiations, and protect the project’s commissioning phase.

Commentary from management

Boss Energy managing director Duncan Craib commented on the company’s news, saying:

The soon-to-be-completed [enhanced feasibility study] will provide a roadmap to re-commissioning with simple modifications… Combined with a significant uranium stockpile locked in at attractive prices and all the required approvals and permits for near term production in place, Boss is well on track to be Australia’s next uranium producer.

Boss Energy share price snapshot

Following this morning’s news, Boss Energy shares have hit a new, 52-week high.

The Boss Energy share price is now up 80% year to date. It’s also 157% higher than it was this time last year.

The company has a market capitalisation of around $353 million, with approximately 2.2 billion shares outstanding.

More reading

• Why the Boss Energy (ASX:BOE) share price is charging higher

Motley Fool contributor Brooke Cooper 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.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

When the time comes for Warren Buffett to step aside as CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), vice chairman Greg Abel will be the person who replaces him.

Investors have been speculating for years about who would step in once Buffett, who is 90, and 97-year-old vice chairman Charlie Munger retire. Most assumed Abel, who runs Berkshire’s non-insurance business, and Ajit Jain were the most likely candidates.

On Saturday, Munger inadvertently provided the answer. Speaking at Berkshire’s annual meeting, Munger said he is confident “Greg will keep the culture” that he and Buffett have put in place well after the duo are gone.

On Monday, Buffett confirmed on CNBC that Abel was the choice, saying that “the directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning.” Buffett also praised Jain, who runs Berkshire’s insurance operations, saying, “If, heaven forbid, anything happened to Greg tonight, then it would be Ajit.”

Abel and Jain were both promoted to vice chairmen in 2018, and observers have assumed that the two were the primary candidates to one day take over. While Jain runs Berkshire’s core insurance businesses, which provide the capital and fuel that make the conglomerate tick, Abel arguably has a broader view of the global economy and different industries through his position.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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Lou Whiteman owns shares of Berkshire Hathaway (B shares). The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Berkshire Hathaway (B shares) and recommends the following options: short January 2023 $200 puts on Berkshire Hathaway (B shares), short June 2021 $240 calls on Berkshire Hathaway (B shares), and long January 2023 $200 calls on Berkshire Hathaway (B shares). The Motley Fool Australia has recommended Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The ResApp Health Ltd (ASX: RAP) share price is racing higher in mid-morning trade. This comes after the company announced a new agreement to accelerate sales in ResAppDx.

At the time of writing, the digital health company’s shares are fetching for 5.4 cents apiece, up 5.8%.

New agreement to accelerate ResApp sales

ResApp shares are on the move today as investors are pleased with the company’s latest update.

In a statement to the ASX, ResApp advised it has entered into a non-exclusive distribution agreement with Ilara Health.

Founded in 2019, Ilara Health provides affordable diagnostic equipment and services to small clinics and pharmacies across Africa. The company specialises in artificial intelligence medical devices such as portable ultrasound and blood diagnostics for diabetes. The current opportunity represents a market of more than 500 million people who live on the sub-Saharan Africa continent.

The deal will see ResApp provide its software application ResAppDx to Ilara Health for acute respiratory disease diagnosis in Kenya. This follows a successful pilot test undertaken by Ilara Health using ResAppDx at five partner sites in the country.

ResAppDx is a smartphone-based acute respiratory diagnostic test that has been developed to diagnose a range of health issues. These include lower respiratory tract disease, croup, pneumonia, asthma/reactive airway disease exacerbation, COPD exacerbation and bronchiolitis.

At present, Ilara Health has partnerships with over 250 clinics across four of the largest cities in Kenya. In addition, the healthcare provider is seeking to expand into a new African market within the next 12 months. This provides ResApp with a lucrative opportunity should sales meet targets.

The agreement has an initial term of 3 years, with Ilara Health to promote, market and sell ResAppDx in Kenya. Should the collaboration become successful, the deal can be renewed for consecutive 12-months periods by both parties.

Management commentary

Ilara Health CEO and co-founder, Emilian Popa welcomed the partnership, saying:

We have been thrilled with the simplicity, ease of use and confidence that ResAppDx has instilled in clinicians and patients. We see significant benefits that ResAppDx offers our partner clinics across Kenya as a low-cost and accurate respiratory diagnostic test.

ResApp CEO and managing director, Dr Tony Keating went on to add:

We are pleased that Ilara has seen the considerable value that our important diagnostic support provides their customers. Importantly, the pilot evaluation demonstrated the benefits of ResAppDx in a face-to-face, in-clinic setting and in a country with high unmet need for such diagnostics.

We are confident, that with the learnings from this pilot, Ilara Health will be able to bring the value of ResAppDx to a broad range of clinics in Kenya for the benefit of many clinicians and patients.

ResApp share price summary

Despite today’s positive announcement, ResApp shares have failed to take off in 2020, down almost 40%. When looking over the past 12 months, the company’s shares have fallen close to 70%.

ResApp presides a market capitalisation of roughly $46 million, with approximately 859.1 million shares outstanding.

More reading

• Why the ResApp (ASX:RAP) share price is down 9% today

Motley Fool contributor Aaron Teboneras 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.

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May 2021 could be a good month to look at some ASX tech shares.

There are lots of high quality options available to Aussie investors. Some of them have been sold down in recent months.

These two potential investments could be ones to think about:

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

This exchange-traded fund (ETF) is all about the video gaming and e-sports industry.

The video gaming industry has achieved 12% average revenue growth per annum since 2015. E-sports in-particular has grown strongly with revenue growth of 28% per annum since 2015.

VanEck says there’s now more than 2.7 billion active gamers worldwide. The video gaming business is now larger than both the movie and music industries combined, making it an important industry in entertainment.

There’s a lot of interest when it comes to watching e-sports, with the biggest tournaments getting crowds that aren’t far off World Cup football and the Olympic Games numbers.

The Asia Pacific region is forecast to generate game revenue of US$78.4 billion in 2020, accounting for 49% of the global games market. The Middle East and Africa region is expected to be the fastest growing games market in 2020, growing 14.5% year on year to US$5.4 billion.

E-sports has created new potential revenue streams with game publisher fees, media rights, merchandise, ticket sales and advertising.

This ETF has plenty of quality businesses with good growth potential in the gaming space such as Nvidia, Tencent, Advanced Micro Devices, Sea, Nintendo, Activision Blizzard, Netease and Take Two Interactive Software.

The management fee cost is 0.55%, which is cheaper than many active fund managers.

Temple & Webster Group Ltd (ASX: TPW)

This ASX tech share is one of leading online retailers of furniture and homewares in Australia.

It has over 200,000 products on sale from hundreds of different suppliers. It operates with a drop-shipping model where products are sent directly to customers by suppliers. This means that Temple & Webster can have a larger product range, have faster delivery and it reduces the need to hold inventory.

Temple & Webster is going to invest heavily for growth to capture market share to generate longer-term returns. One of the main things it’s going to do is build strong brand awareness to achieve national brand status within the next three years with a high level of marketing to drive both first time and repeat customers.

It’s expecting the earnings before interest, tax, depreciation and amortisation (EBITDA) margin to be in the 2% to 4% range during this period.

After that, increased scale should come with operating leverage and higher levels of profitability. This should mean it can achieve better margins with improved supplier terms, more repeat customers (which will reduce marketing costs), a slowing of investment in fixed costs and a higher percentage of exclusive products with higher gross margins.

Longer-term profit margins are expected to be higher than many comparable offline peers.  

More reading

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Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd and VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The DEXUS Property Group (ASX: DXS) share price is bouncing around in early morning trade, up 0.3% at the time of writing.

Dexus manages a portfolio of properties across Australia valued at $32.1 billion. Below we take a look at the ASX real estate share’s latest quarterly report.

What did Dexus report for the quarter?

Dexus’ share price is seeking direction after the company reported that occupancy rates across CBD office locations have increased since the COVID-19 vaccine rollout commenced during the quarter ending 31 March. Dexus maintained high rent collections of 96% during the quarter.

Commenting on the office market rebound, Darren Steinberg, Dexus CEO said:

It is pleasing to see momentum in leasing activity across our CBD office markets. Tenant enquiry and activity across our office portfolio has been strong particularly for smaller tenancies, and larger occupier briefs are starting to emerge. The significant number of leasing transactions completed during the quarter is encouraging and highlights the demand for quality workspace in well-located CBD assets.

On the property front, Dexus noted it had raised $125 million for its Dexus Healthcare Property Fund during the quarter, as well as completing 108 leasing transactions in its office portfolio, totalling 46,703 square metres of space. Office occupancy stood at 95.4%.

Dexus was also active in the industrial space, with 37 transactions seeing 117,747 square metres leased. Industrial occupancy increased to 97.8%.

The company reported that it’s continuing work on expanding and diversifying its funds management business. Initiatives include establishing a new office joint venture, as well as securing approval for the merger of the $5.4 billion AMP Capital Diversified Property Fund with Dexus Wholesale Property Fund.

Commenting on the funds management business, Steinberg said:

We are pleased with the continued momentum across the funds platform, as we progressed initiatives in DWPF, healthcare and our new opportunity fund. Our continued focus on our relationships with third party capital partners will assist with opportunities we have in the pipeline

Dexus also obtained shareholder approval on 22 April for plans to simplify its corporate structure.

Looking ahead

With a look to the future Steinberg said:

Moving forward, we will continue to execute on our strategic initiatives which include increasing the resilience of portfolio income streams, expanding and diversifying the funds management business, and progressing the development pipeline to drive superior risk-adjusted returns for investors.

Dexus maintained its guidance on its dividend distribution for the 2021 financial year, expecting to pay 50.3 cents per share, the same payout as FY20.

Dexus share price snapshot

Over the past 12 months, Dexus shares have gained 17%, trailing the 33% gains posted by the S&P/ASX 200 Index (ASX: XJO).

So far in 2021, the Dexus share price is up 9%.

More reading

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• 2 of the best ASX 200 blue chip shares to buy today
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Motley Fool contributor Bernd Struben 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.

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Shares in Leigh Creek Energy Ltd (ASX: LCK) were flying high this morning after the company broke its 3-day trading halt with major news of its energy project.

After touching a high of 30 cents in opening trade, the Leigh Creek Energy share price has retreated to 28 cents at the time of writing, up 3.7%.

Let’s take a closer look at the energy company’s news.

Leigh Creek Energy Project

Leigh Creek announced it has signed a binding heads of agreement (HoA) for a urea manufacturing facility with South Korean engineering and construction company DL E&C.

Under the agreement, DL E&C will become the engineering, procurement, construction, and commissioning (EPCC) contractor at the Leigh Creek Energy Project, a large-scale power plant and construct urea plant in South Australia.

As EPCC contractor, DL E&C will begin work on the project’s feasibility and front end engineering and design (FEED) stages. The contractor will finance the project with Leigh Creek Energy’s assistance, building it for a to-be-decided turn-key price.

The project is located in the disused Leigh Creek Coalfield. It will produce syngas from the resource that is no longer economic to mine using an in-situ gasification process. Leigh Creek Energy will use the syngas to produce urea fertiliser with hydrogen optionality.

According to the company, the Leigh Creek Energy project will be the only fully integrated urea production facility in Australia. It said the project would create thousands of jobs during construction, commissioning and operation.

Commentary from management

Leigh Creek Energy managing director Phil Staveley commented on the news, saying:

This HoA is a major milestone for [Leigh Creek Energy] as we are partnering with a leading global organisation with huge experience.

We have chosen DL E&C from a pool of contenders as we are confident that they can deliver a first class urea production facility which will employ the latest innovative technology and that they will be a reliable partner.

Leigh Creek Energy share price snapshot

Leigh Creek Energy’s trading halt was watched closely by ASX investors waiting to hear the company’s announcement.

With today’s gains included, the Leigh Creek Energy share price is up 61.7% year to date. It’s also up 205% over the last 12 months.

The energy company has a market capitalisation of around $179 million, with approximately 675 million shares outstanding.

More reading

• What’s happening with the Dexus (ASX:DXS) share price today?
• ASX 200 up 0.2%: SEEK hits record high, Flight Centre tumbles
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Motley Fool contributor Brooke Cooper 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.

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At lunch on Tuesday, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is pushing higher. The benchmark index is currently up 0.2% to 7,041.9 points.

Here’s what is happening on the market today:

SEEK share price hits record high

The SEEK Limited (ASX: SEK) share price stormed to a record high this morning following the release of an update. The update revealed that all conditions precedent to completion of the Zhaopin transaction have been satisfied. Following its divestment, management intends to return some of the proceeds to shareholders via a 20 cents per share special dividend. SEEK also revealed that its performance has been stronger than expected in FY 2021. As a result, it has upgraded its guidance.

Flight Centre Q3 update disappoints

The Flight Centre Travel Group Ltd (ASX: FLT) share price is trading lower today following the release of a third quarter update. That update revealed that trading was subdued in January and February before bouncing back strongly in March. Nevertheless, despite these improvements, Flight Centre advised that it expects to report an underlying second half loss in line with the one recorded in the first half.

Super Retail impresses

The Super Retail Group Ltd (ASX: SUL) share price is pushing higher today after reporting an acceleration in its sales growth since the end of the first half. According to the release, the retail conglomerate’s like for like sales grew 28% during the first 44 weeks of FY 2021. This compares to its first half (26 weeks) like for like sales growth of 24%.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Tuesday has been the De Grey Mining Limited (ASX: DEG) share price with a 9% gain. This follows the release of drill results from the Diucon-Eagle mining sites in the Hemi prospect. The worst performer has been the Mercury NZ Ltd (ASX: MCY) share price with a 5% decline on no news.

More reading

• What’s happening with the Dexus (ASX:DXS) share price today?
• De Grey (ASX:DEG) share price rockets 11% on latest update
• SEEK (ASX:SEK) share price jumps 7% to record high on trading update
• Super Retail (ASX:SUL) share price surges 5% higher on strong sales update
• Flight Centre (ASX:FLT) share price lower following Q3 update

Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia owns shares of and has recommended Super Retail Group Limited. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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