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The Treasury Wine Estates Ltd (ASX: TWE) share price has started the day strongly in the green.

Investors are bidding shares in the winemaker higher following an update from the company.

Let’s take a look at why the Treasury Wine share price is rallying today.

Treasury Wine share price rallies following sustainability report

Shares in Treasury Wine are flying ahead today amid releasing its sustainability report for 2021.

The winemaker’s report covered a wide range of strategies, goals and targets as part of its 2025 blueprint.

The topics covered by the company’s report include the risks of climate change, inclusion, diversity and sustainable production.

Highlight’s from Treasury’s report included reaching 100% renewable energy by 2024 and achieving ‘net zero’ by 2030.

Other highlights from the company’s report included;

• Comprehensive review of our water usage and footprint at a catchment level in F22
• 10% reduction in Serious Safety Incident Frequency Rate
• 50% women in senior leadership by 2025
• 100% of product packaging to be recyclable, reusable, or compostable by 2022
• 100% of product packaging to comprise 50% average recycled content by 2025

In a push to reduce its overall energy usage, Treasury Wine has stepped up the installation of solar panels on many of its sites.

Treasury had flagged its intentions to shift to cleaner energy earlier this year in its annual report.

How did Treasury Wine perform in FY21?

Late last month, shares in Treasury Wine received a boost following a promising full year report for FY21.

Despite facing multiple headwinds, the winemaker was able to post a result that beat analyst expectations.

Highlight’s from Treasury Wine’s report included;

• Net sales revenue down 3% to $2,569.6 million
• Earnings before interest, tax, SGARA and material items (EBITS) down 0.4% to $510.3 million
• EBITS margin increased 0.6ppts to 19.9%
• Net profit after tax up 1.8% to $250 million
• Fully franked final dividend up 62.5% to 13 cents per share, bringing full year dividend to 28 cents per share

Treasury Wine also noted a fresh start for FY22, as the company transitions to a new operating model under three brand-led portfolio divisions

Snapshot of the Treasury Wine share price

The Treasury Wine share price has surged more than 28% since the start of the year.

Shares in the winemaker have also received a boost recently from positive broker coverage.

At the time of writing, the Treasury Wine share price is up more than 2.5%, trading at around $12.20.

The post Treasury Wine (ASX:TWE) share price lifts following sustainability update appeared first on The Motley Fool Australia.

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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 owns shares of and has recommended Treasury Wine Estates 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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The Sayona Mining Ltd (ASX: SYA) share price won’t be moving today.

Shares in the lithium development company were placed into a trading halt this morning. Soon after, Sayona unveiled its plan to acquire a lithium project in Northern Québec.

Let’s lift the lid on this news and inspect it more closely.

Why is the Sayona share price frozen?

Before the market opened today, Sayona requested its shares be placed in an immediate trading halt. The request to the ASX highlighted the announcement of a significant acquisition and capital raising.

The lithium company went on to announce the acquisition of the Moblan Lithium Project. According to the release, this is another step forward in Sayona securing North America’s leading lithium asset base.

Furthermore, the Moblan Project is located in the Eeyou-Istchee James Bay region of Northern Québec. This is the same region in which the Whabouchi lithium deposit is located. Excitingly, Whabouchi is considered to be the world’s second-richest and biggest spodumene deposit, with 27.3 million tonnes of proven and probable reserves.

Additionally, Moblan is expected to contain high-grade spodumene mineralisation. In fact, mineral resource estimates put the number at 12.03 million tonnes at 1.4% lithium oxide. The broad thickness of mineralisation is typically 20 metres to 30 metres wide.

Sayona plans to explore opportunities for expansion of the resource. This includes following up on previous geotechnical drilling which intersected up to 29.1 metres of continuous spodumene-bearing pegmatites outside the resource envelope. Although, shareholders will need to wait to see how the Sayona share price reacts to this news.

However, there is no free lunch — so what are the terms of this acquisition? Under the agreement with Lithium Royalty Corp (LRC), Sayona will acquire LRC’s right to purchase the 60% interest in the Moblan Project. From there, Sayona will acquire the interest from Guo Ao for a consideration of US$86.5 million.

In addition, Sayona has agreed to several royalty-based payments to LRC that will be subject to the amount of ore produced.

Management commentary

Commenting on the acquisition, Sayona managing director Brett Lynch stated:

We are delighted to be extending our relationship with Investissement Québec, which has invested billions of dollars in lithium and other resources projects across Québec, including North American Lithium (NAL), Moblan and Nemaska Lithium.

The recent rise in lithium prices reflects the importance of securing quality supply and there is no better place to be than Québec as we develop a lithium resource base to supply North America’s fast‐growing electric vehicle and battery industry.

At this stage, the company is yet to reveal the details of its capital raising.

With the trading halt in place until Monday or when a further announcement is released, the Sayona share price is stuck at 17.5 cents.

The post Sayona (ASX:SYA) share price halted amid new lithium acquisition appeared first on The Motley Fool Australia.

More reading

• Here’s why the Core Lithium (ASX:CXO) share price is lifting today
• Why the Race Oncology (ASX:RAC) share price surged 7% today
• Why are Pilbara (ASX:PLS) shares getting so much attention lately?
• 2 ASX growth shares that could be buys in October 2021
• Gentrack (ASX:GTK) share price rockets 27% on revenue upgrade

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 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 Core Lithium Ltd (ASX: CXO) share price took off this morning after the company released news of its Finniss Lithium Project.

The Core Lithium board has made the final investment decision on the Finniss Lithium Project. As a result, the company will move forward with the construction of the project.

The Finniss Lithium Project is located in the Northern Territory.

At the time of writing, the Core Lithium share price is 39.7 cents, 1.79% higher than its previous close. However, the company’s stock soared to 41 cents just after the market opened this morning – representing a 5.1% gain.

Let’s take a closer look at today’s news from Core Lithium.

Construction to start at the Finniss Project

The Core Lithium share price is gaining on news the Finniss Lithium Project has received the final tick of approval.

Construction of the project will start immediately, with mobilisation and establishment activities to begin in October.

Additionally, Core Lithium has announced it expects the project’s maiden production of lithium concentrate to occur in the fourth quarter of 2022.

The project already has approval from the Northern Territory Government. It is also fully funded after a successful capital raise.

The capital raise included a placement that raised $91 million and saw the Core Lithium share price gain 13.8%.

Core Lithium’s managing director Stephen Biggs said the project is low-risk, capital efficient, and will produce lithium to be sold at a high margin. Biggs commented:

[The final investment decision] places Core firmly at the front of the line of new global lithium production just at the right time as lithium demand and prices are increasing rapidly.

The Finniss Project has previously been found to house lithium suitable for lithium-ion batteries.

According to the company, it’s the only lithium project owned by an ASX-listed entity scheduled to begin production in 2022.

Core Lithium share price snapshot

Today’s gains have added to Core Lithium’s strong performance on the ASX.

Right now, the company’s stock is trading for 129% more than it was at the start of 2021. It has also gained 875% since this time last year.

The post Here’s why the Core Lithium (ASX:CXO) share price is lifting today appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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The Race Oncology Ltd (ASX: RAC) share price jumped out of the starting blocks today, shooting up 7% to a high of $3.66. This was after the biopharma company announced a key update on results from one of its research programs.

The Race Oncology share price has since lost some ground, however, and is currently trading at $3.46, still 2.37% higher than yesterday’s closing price.

Here’s what we know.

Positive melanoma study results

Race Oncology advised today that its anti-cancer drug label, Zantrene, was shown to be effective in destroying highly active skin cancer cells in mice.  

This followed promising results from its “collaborative preclinical melanoma research program” with the University of Newcastle.

The company said the program involved researchers exploring Zantrene’s effectiveness as a novel treatment for the malignant type of skin cancer known as melanoma.

Interim results demonstrated Zantrene to be “highly effective at killing a diverse range of high FTO producing melanoma cell subtypes”.

This means is that Zantrene is showing early signs of potentially becoming a treatment for melanoma.

However, there is still a whole wave of evidence to produce, and a mountain of regulatory headwinds to overcome before that becomes reality.

Nonetheless, key takeouts from the study include that Zantrene is “highly effective in killing melanoma cells at sub-chemotherapeutic levels”, and that it achieved these results at low concentrations.

Race Oncology believes the results were “highly supportive” of future clinical trials to investigate Zantrene’s use as a combination therapy in melanoma treatment.

Management commentary

Speaking on the announcement, Race Oncology CEO Phillip Lynch said the company was encouraged by its work so far:

While challenged by COVID-19 related shutdowns, we appreciate the encouraging and continued work from the team at the University of Newcastle.

Zantrene continues to positively surprise us – we are very pleased with these early results. Melanoma remains a difficult cancer to treat, and one that’s of particular relevance to the Australian community, so as we continue with this work, we look forward to learning more about our potential to offer new treatment options to patients.

Race Oncology share price snapshot

The Race Oncology share price has climbed 97% year to date and rallied 12.7% in the past month.

Over the past 12 months, Race Oncology shareholders have enjoyed a return of 339.4%, well ahead of the S&P/ASX 200 index (ASX: XJO)’s gain of about 25% in this time.

The post Why the Race Oncology (ASX:RAC) share price surged 7% today appeared first on The Motley Fool Australia.

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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.

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ASX growth shares may be the place to look for long-term opportunities because of their ability to deliver compound annual growth over several years.

Some businesses have already grown a lot to become among the biggest in their sector such as Westpac Banking Corp (ASX: WBC).

These two options could have a chance of producing good growth over the coming years:

Airtasker Ltd (ASX: ART)

Airtasker describes itself as a community platform that connects people who need to outsource tasks and find local services, with people who are looking to earn money and ready to work.

There are a wide variety of tasks that can be put onto the platform such as home cleaning, handyman jobs, admin work, photography, graphic design or website building.

The business can benefit from network effects. If it can attract more high-quality Airtaskers to do jobs, then that would also attract more potential customers, which attracts more people and so on.

Airtasker believes it can fulfil a gap in the market where it’s tricky for people to buy services.

It has one of the highest gross profit margins on the ASX, at 93%. It spends 4.9% on payment costs and 2.1% for insurance costs. That works well when combined with fast revenue growth.

In FY21, the ASX growth share reported revenue growth of 38% to $26.6 million. That also beat the forecast of $24.5 million.

The FY21 gross profit rose 39% to $24.8 million.

The capital light model of the business is helping it generate positive operating cashflow, which was $5.5 million in FY21. This was ahead of the prospectus forecast of $0.1 million. Cashflow is what can help fund Airtasker’s organic growth spending in the future.

The business is now also focused on international growth in the UK and US. In the US, it has bought Zaarly. Airtasker is launching in Kansas City, Dallas and Miami in the first half of FY22. In the UK it saw gross merchandise volume growth of 232% year on year and 93% quarter on quarter.

It’s currently rated as a buy by Morgans, with a price target of $1.30.

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

Exchange-traded funds (ETFs) can be an easy way to get exposure to certain growth trends. Video gaming and e-sports is one area seeing double digit growth, which is what this ETF ASX growth share is about.

The biggest ten holdings in the portfolio includes: Nvidia, Advanced Micro Devices, Sea, Tencent, Unity Software, Activision Blizzard, Nintendo, Electronic Arts, Netease and Bandai Namco.

VanEck, which is the provider of this video gaming and eSports ETF, says that e-sports revenue has grown by an average of 28% per year since 2015. The video gaming industry as a whole has seen 12% average annual growth since 2015.

The Asia Pacific region is estimated to be around half of the global gaming market, with revenue of around US$78.4 billion. By 2023, the global games revenue is projected to be around US$200 billion.

VanEck also says that there are now more than 2.7 billion active gamers worldwide. The video game business is now larger than both the movie and music industries combined, making it a major entertainment industry.

In a bullish conclusion about this ASX growth share, VanEck says that e-sports and video games are a long-term disruptive force in the traditional media entertainment and technology industries.

The post 2 ASX growth shares that could be buys in October 2021 appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has recommended 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 Pilbara Minerals Ltd (ASX: PLS) share price has been at the forefront of investor attention in recent times.

Pilbara is the largest ASX-listed lithium player and has been heavily traded throughout September.

This is due to the ongoing hype surrounding the battery-making ingredient.

In morning trade, Pilbara Minerals shares are down 0.51% to $1.97. This follows a 3.88% drop yesterday to $1.98.

These price falls can be attributed to broader market weakness following the Dow Jones plunge this week.

Why is Pilbara Minerals being heavily traded?

Since the start of September, the volume of Pilbara Minerals shares being traded has jumped higher.

On most days, between 20 million and 35 million Pilbara shares are trading hands.

However, on 6 September, more than 206 million shares changed hands on the back of a market-sensitive update.

The company announced a substantial increase in its Mineral Resource at its flagship 100%-owned Pilgangoora Lithium-Tantalum Project in Western Australia’s Pilbara region.

In addition, the spot price for lithium has surged in 2021. The battery-making ingredient is expected to be adopted across a number of industries, most notably electric vehicles.

Furthermore, Pilbara Minerals released its full-year results on 26 August, highlighting a significant increase in shipments of spodumene concentrate.

This was underpinned by improved market conditions and robust operational performance at its Pilgangoora Lithium-Tantalum Operations.

A couple of brokers weighed in on the company’s share price following its FY21 scorecard.

Analysts at JPMorgan cut their outlook on Pilbara Minerals shares to ‘neutral’ from its original ‘overweight’ rating. This led the broker to reduce its assessment of the Pilbara Minerals share price by 4.2% to $2.30.

On the other hand, Citi raised their view on Pilbara Minerals shares by 6.9% to $2.20.

Based on the current share price, JPMorgan’s and Citi’s take implies an upside of 14% and 10% respectively.

About the Pilbara Minerals share price

Over the past 12 months, Pilbara Minerals shares have flown 553% higher, with year-to-date gains above 125%.

The company’s share price reached an all-time high of $2.53 on 15 September before lowering due to profit-taking.

Pilbara Minerals presides a market capitalisation of $5.75 billion and has approximately 2.9 billion shares on its books.

The post Why are Pilbara (ASX:PLS) shares getting so much attention lately? appeared first on The Motley Fool Australia.

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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.

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The Gentrack Group Ltd (ASX: GTK) share price is on fire this morning. Shares in the software company have jumped 27.7% in early trade after an important ASX announcement.

Gentrack share price rockets higher on revenue upgrade

This morning’s market announcement represented an FY21 trading update from the enterprise billing software provider.

Gentrack reported revenue in the second half of the year being “stronger than expected” across its utilities segment. The software group said that reflects early positive signs of its strategy to grow revenues by “providing innovative technologies and services to existing customers, win new business and expand into managed services”.

The positive update sparked interest in the Gentrack share price which surged higher at the open. Full year revenue guidance was updated to be approximately $105 million for the group.

The company has previously forecast revenue “slightly ahead of $100.5 million” while earnings before interest, tax, depreciation and amortisation (EBITDA) guidance was bumped from $10 million to $12 million.

Increased incremental revenue, higher throughput and slower than expected increases in research and development expenditure were all sighted as key factors in the higher figures.

While an energy crisis in Europe looms, Gentrack said its core UK energy market exposures remain limited. That’s thanks to a number of factors including:

• Increased focus on working capital management reducing individual customer exposures;
• Diversified business across B2B, B2C and Water business lines as well as geographies; and
• Increased revenue forecasts for FY2022 even after accounting for headwinds.

Foolish takeaway

Investors have pounced on this morning’s update and sent the Gentrack share price soaring higher on Thursday. Shares in the Kiwi software group have been volatile throughout 2021 but have now climbed 11% in the last 5 days.

The post Gentrack (ASX:GTK) share price rockets 27% on revenue upgrade appeared first on The Motley Fool Australia.

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• Why are Pilbara (ASX:PLS) shares getting so much attention lately?
• How have the WAAAX shares performed so far this year?
• Telstra (ASX:TLS) share price lifts as CFO reiterates confidence in dividend growth
• Predictive Discovery (ASX:PDI) share price surges 23% on resources update
• Wesfarmers (ASX:WES) share price in focus as investors await next move

Motley Fool contributor Ken Hall 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.

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Once upon a time, the ‘WAAAX‘ shares were some of the hottest companies on the ASX. This exclusive group of Aussie tech companies boasted gains that rivalled that of the famed “FAANG” group of stocks in the United States.

However, the coronavirus pandemic has thrown a rather large spanner in the works. 2021 has been something of a mixed bag for investors in this group. Here’s what’s driving share price performance for each of the Aussie growth shares.

What are the WAAAX shares?

The group is an acronym made up of the following ASX tech shares: WiseTech Global Ltd (ASX: WTC), Afterpay Ltd (ASX: APT), Appen Ltd (ASX: APX), Altium Limited (ASX: ALU), and Xero Limited (ASX: XRO). 

These ASX 200 companies have been rocketing higher in recent years despite exposure across different areas of technology. However, a pullback from growth shares more broadly in 2021 has hit many of these WAAAX shares.

The Appen share price is the worst performer amongst the group, falling 65.2% lower in 2021. Appen shares are trading at a 3-year low hit by broader market sentiment and weaker than expected FY21 earnings.

Xero is another one of the tech darlings under pressure in 2021. The Xero share price has fallen 7.2% lower this year but remains up 36.8% in the past 12 months.

While not seeing declines, growth in both the Afterpay and Altium share prices has been subdued in 2021. Altium shares have gained 1.1% this year while Afterpay is up just 2.5% after continued gains in recent years.

There has been one stand out amongst the WAAAX shares: WiseTech. The WiseTech share price has been on a tearing run and has gained 70.9% this calendar year.

The largest gains within the year came after WiseTech’s FY2021 earnings results. WiseTech shares surged 28.5% higher in the space of a day after doubling net profit to $105.8 million and reporting that earnings before interest, tax, depreciation and amortisation (EBITDA) are up 63% to $206.7 million.

Foolish takeaway

Clearly, 2021 has been something of a mixed bag for investors in WAAAX shares. While WiseTech has rocketed higher, shares in the likes of Altium, Afterpay and Xero have underperformed. Then there’s the Appen share price, which investors have watched slide lower throughout September.

The post How have the WAAAX shares performed so far this year? appeared first on The Motley Fool Australia.

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Motley Fool contributor Ken Hall 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 AFTERPAY T FPO, Altium, Appen Ltd, WiseTech Global, and Xero. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO, Altium, Appen Ltd, WiseTech Global, and Xero. 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 Telstra Corporation Ltd (ASX: TLS) share price is gaining this morning amid reports the company’s chief finance officer (CFO) expects to maintain or increase its dividend in the future.

Telstra CFO Vicki Brady reportedly told an online retail shareholder event that boosting the company’s fully franked 16 cent dividend was its priority.

At the time of writing, the Telstra share price is $3.93, 0.9% higher than its previous close.

That’s ever so slightly better than the performance of the broader market. Right now, the S&P/ASX 200 Index (ASX: XJO) is up 0.8% while the All Ordinaries Index (ASX: XAO) is up 0.7%.

Let’s take a closer look at today’s news from Telstra.

Telstra focuses on dividends

The Telstra share price is climbing amid reports it will continue to focus on growing its dividends.

According to reporting by The Australian, Brady, alongside Telstra’s CEO Andy Penn, reiterated the recently released T25 growth strategy yesterday.

The T25 strategy was announced on 16 September. The Telstra share price gained 0.5% on the back of its new action plan.

The growth strategy aims to increase Telstra’s bottom line. As Brady noted, doing so will boost the amount the company can pay out in dividends.

Additionally, a bigger bottom line will increase the franking balance Telstra can put on its dividends. The publication quoted Brady as saying:

We haven‘t put a time on that, we’ve just said that we will seek to grow the fully franked dividend over time. And it’s very much linked to achieving our underlying earnings growth ambitions that we’ve got as part of T25.

Over the financial year 2021, Telstra provided its shareholders with an interim dividend and a final dividend, each worth 5 cents. It also provided 2 special dividends at 3 cents each.

The telco’s T25 growth strategy aims to see it reporting a compound annual growth rate of mid-single digits for its earnings before interest, tax, depreciation, and amortisation (EBITDA).

It also aims to see underlying earnings per share (EPS) reach the mid-teens between now and financial year 2025.

Telstra share price snapshot

The Telstra share price has gained 30.5% since the start of 2021. It is also 40.3% higher than it was this time last year.

The post Telstra (ASX:TLS) share price lifts as CFO reiterates confidence in dividend growth appeared first on The Motley Fool Australia.

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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 owns shares of and has recommended Telstra Corporation 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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The Predictive Discovery Ltd (ASX: PDI) share price has rocketed 23% higher at the start of Thursday’s session after a resources update from the Aussie company.

Predictive Discovery share price surges 23% on resources update

Shares in the ASX small-cap resources company have been on fire this morning. That comes after an update on its Bankan Gold Project in Guinea.

The company reported a maiden mineral resource estimate of 3.65 million ounces at the site. Predictive Discovery announced an inferred mineral resource of 72.8 million tonnes at 1.56 grams per tonne of gold this morning.

The Aussie resources group recently discovered a high-grade zone that “presents significant potential for further growth”. News of the reserve estimate was good enough for investors with the Predictive Discovery share price surging higher on Thursday morning.

Resource discovery cost per ounce came in at A$4 per ounce with the company controlling 356 square kilometres within Guinea’s Siguiri Basin.

The Aussie miner also said scoping study-level metallurgical test work has been “very promising” with no recovery issues identified thus far.

This morning’s surge in the Predictive Discovery share price represents yet another good day for shareholders. Shares in the Aussie resources group previously rocketed 21% higher following solid drill results just a week ago with a 52% gain back in July.

It’s another welcome update from the company despite the share price paring back some gains following the open.

This morning’s share price surge comes amid broader market gains shown by the All Ordinaries Index (ASX: XAO). The broad market index has gained 0.84% at the time of writing and jumped above the 7,500 points mark.

The post Predictive Discovery (ASX:PDI) share price surges 23% on resources update appeared first on The Motley Fool Australia.

More reading

• Predictive Discovery (ASX:PDI) share price zooms 21% on drill results
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Motley Fool contributor Ken Hall 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.

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