Daily Market Reports | Jun 09 2026
This story features 29METALS LIMITED, and other companies.
For more info SHARE ANALYSIS: 29M
The company is included in ALL-ORDS
An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities.
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COMPANIES DISCUSSED IN THIS ISSUE
Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)
29M AIS APE AR1 CBE CYM HGO PFP PYC QOR SEK SLC TWE
29M 29METALS LIMITED
Copper – Overnight Price: $0.26
Canaccord Genuity rates ((29M)) as Hold (3) –
Canaccord Genuity maintains a Hold rating for 29Metals with its target price increased to $0.30 following a sector-wide evaluation of record spot copper pricing.
The broker upgraded the applied enterprise value to EBITDA multiple from 3.5x to 4.0x to reflect structurally higher commodity market assumptions.
The company continues working through operational challenges at the Golden Grove asset while concurrently directing investment toward the Gossan Valley project.
Canaccord notes improved cash generation remains highly likely under elevated pricing scenarios, alongside latent option value held within the Capricorn Copper asset.
A sustained copper spot pricing scenario above baseline assumptions presents up to 50% upside potential to the revised valuation model for the copper-dominant producer, the report highlights.
This report was published on June 8, 2026.
Target price is $0.30 Current Price is $0.26 Difference: $0.04
If 29M meets the Canaccord Genuity target it will return approximately 15% (excluding dividends, fees and charges).
Current consensus price target is $0.34, suggesting upside of 29.5%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is -3.0, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY27:
Current consensus EPS estimate is 0.4, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 65.0.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
AIS AERIS RESOURCES LIMITED
Industrial Metals – Overnight Price: $0.41
Canaccord Genuity rates ((AIS)) as Initiation of coverage with Buy (1) –
Canaccord Genuity initiates coverage on Aeris Resources with a Buy rating and a $0.70 target price, highlighting diversified base and precious metal exposure through the Tritton copper operations in New South Wales and Cracow gold mine in Queensland.
Combined copper equivalent output is forecast to expand from 42kt in FY25 to 50kt in FY29, peaking at 76kt in FY32.
Core mine life extensions are targeted organically through an active 80,000m drilling campaign alongside the recent regional asset acquisition of Peel Mining.
The broker anticipates strong localized financial flexibility, projecting the gold division to generate $53m in free cash flow during FY26 to fund deep development steps at Golden Plateau.
The analyst framework incorporates further optionality and latent growth upside from regional landholdings at Jaguar and Stockman, finding the stock highly attractive at 0.63x price to net asset value.
This report was published on June 6, 2026.
Target price is $0.70 Current Price is $0.41 Difference: $0.285
If AIS meets the Canaccord Genuity target it will return approximately 69% (excluding dividends, fees and charges).
Current consensus price target is $0.77, suggesting upside of 82.7%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 13.4, implying annual growth of 186.9%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 3.1.
Forecast for FY27:
Current consensus EPS estimate is 16.1, implying annual growth of 20.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 2.6.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
APE EAGERS AUTOMOTIVE LIMITED
Automobiles & Components – Overnight Price: $20.82
Moelis rates ((APE)) as Upgrade to Buy from Hold (1) –
Moelis has upgraded Eagers Automotive to Buy from a Hold rating with a $26.35 target following a weaker-than-expected 1H26 result, largely attributed to timing impacts from the CanadaOne acquisition delay, a weaker Canadian dollar, and constrained supply from BYD and Toyota limiting deliveries despite record order intake.
The broker notes the A&NZ order bank has surged 70% since December 2025, supporting a stronger 2H26 as supply conditions improve, though higher interest costs provide a partial offset.
CanadaOne continues to outperform in a weak Canadian market, with significant industry consolidation opportunities seen supporting medium-term double-digit growth.
FY26-FY28 EPS estimates have been trimmed -3-8% to reflect the CanadaOne settlement delay, higher interest costs, and the closure of underperforming operations.
EPS forecasts are revised to 106.0c for FY26 and 126.2c for FY27, with DPS at 80.2c and 93.6c.
This report was published on May 28, 2026.
Target price is $26.35 Current Price is $20.82 Difference: $5.53
If APE meets the Moelis target it will return approximately 27% (excluding dividends, fees and charges).
Current consensus price target is $27.78, suggesting upside of 33.4%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 80.20 cents and EPS of 106.00 cents.
At the last closing share price the estimated dividend yield is 3.85%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.64.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 111.8, implying annual growth of 28.3%.
Current consensus DPS estimate is 80.3, implying a prospective dividend yield of 3.9%.
Current consensus EPS estimate suggests the PER is 18.6.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 93.60 cents and EPS of 126.20 cents.
At the last closing share price the estimated dividend yield is 4.50%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.50.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 131.0, implying annual growth of 17.2%.
Current consensus DPS estimate is 88.6, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 15.9.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
AR1 AUSTRAL RESOURCES AUSTRALIA LIMITED
Copper – Overnight Price: $0.09
Shaw and Partners rates ((AR1)) as Buy (1) –
Shaw and Partners maintains a Buy rating for Austral Resources Australia with a $0.42 target price as the company systematically de-risks its multi-stage copper production pipeline.
Refurbishment and engineering schedules at the 3mtpa Rocklands processing facility progress on-time and on-budget ahead of an anticipated mid-2027 operational restart.
Procurement uncertainties have been mitigated following the strategic purchase of an unused SAG mill for site integration by late July.
Strong balance sheet parameters showcase $83m in net cash, marking a significant corporate turnaround after a multi-year listing suspension.
Shaw posits concurrent development of wholly owned oxide and sulphide assets positions the entity as a unique copper consolidation vehicle to capture structural deficits in global seaborne markets.
This report was published on June 5, 2026.
Target price is $0.42 Current Price is $0.09 Difference: $0.333
If AR1 meets the Shaw and Partners target it will return approximately 383% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY26:
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 10.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 0.81.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.44.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CBE COBRE LIMITED
Copper – Overnight Price: $0.32
Canaccord Genuity rates ((CBE)) as Buy (1) –
Canaccord Genuity maintains a Buy rating for Cobre with its target price increased to $0.35 following a sector-wide evaluation of record spot copper pricing.
The broker amended the underlying valuation methodology to include an enterprise value to EBITDA multiple, directly reflecting the recent Sierra Atacama acquisition transforming the entity into an active producer.
The analysts note a sustained copper spot pricing scenario above baseline assumptions presents 29% upside potential to their revised valuation model.
A recent site visit highlighted immediate operational cash generation capabilities alongside significant optionality for future asset development.
This report was published on June 8, 2026.
Target price is $0.35 Current Price is $0.32 Difference: $0.03
If CBE meets the Canaccord Genuity target it will return approximately 9% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CYM CYPRIUM METALS LIMITED
Copper – Overnight Price: $0.36
Canaccord Genuity rates ((CYM)) as Buy (1) –
Canaccord Genuity maintains a Buy rating for Cyprium Metals with its target price increased to $0.85 following a sector-wide evaluation of record spot copper pricing.
The broker highlights the company is on the cusp of delivering first copper production from the Nifty mine in Western Australia.
A low-capital expenditure restart strategy provides immediate cash generation to fund a broader expansion targeting 50ktpa in output capacity.
Valuation methodologies are amended to incorporate an enterprise value to EBITDA multiple to reflect the imminent transition to active producer status.
Canaccord analysts note a sustained spot pricing scenario above baseline assumptions presents 47% upside potential to the revised valuation as global supply chains remain fundamentally constrained.
This report was published on June 8, 2026.
Target price is $0.85 Current Price is $0.36 Difference: $0.485
If CYM meets the Canaccord Genuity target it will return approximately 133% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
HGO HILLGROVE RESOURCES LIMITED
Copper – Overnight Price: $0.05
Moelis rates ((HGO)) as Buy (1) –
Moelis retains a Buy rating for Hillgrove Resources with its target price increased to $0.085 following a site visit to the Kanmantoo copper operation.
Commentary states operational parameters are de-risked by a competent management team, low workforce turnover, and diversified underground ore feeds from Kavanagh and Nugent.
Forward estimates formally incorporate the sanction of Emily Star as a third mining source, projecting a 15-to-18 month ramp-up window to steady-state contribution.
Normalised financial modeling increases financial year FY26 earnings projections by 20.5% to reflect optimised sequencing and expanded byproduct credit values.
As per today’s report, the investment thesis highlights an inexpensive equity valuation failing to reflect the systematically de-risked status of the underlying balance sheet.
This report was published on June 5, 2026.
Target price is $0.09 Current Price is $0.05 Difference: $0.036
If HGO meets the Moelis target it will return approximately 73% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 4.90.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 4.45.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PFP PROPEL FUNERAL PARTNERS LIMITED
Consumer Products & Services – Overnight Price: $3.19
Jarden rates ((PFP)) as Overweight (2) –
Jarden maintains an Overweight rating for Propel Funeral Partners with its target price reduced to $4.25 from $5.00 following an update to near-term earnings parameters.
Full-year operational EBITDA is guided to a revised range of $54.5m to $56.5m, reflecting soft like-for-like funeral volume contractions across metropolitan markets.
Incremental margin pressure stems from a structural -$0.7m foreign exchange headwind within the group’s New Zealand business division.
Partially offsetting the volume softness is newly announced regional acquisition activity totaling $9m, which is modeled to be 1% earnings per share accretive.
Financial year projections encompass -10% to -12% downward revisions to normalised earnings estimates, though the long-term investment thesis remains supported by a defensive property portfolio and industry consolidation optionality, the report concludes.
This report was published on June 4, 2026.
Target price is $4.25 Current Price is $3.19 Difference: $1.06
If PFP meets the Jarden target it will return approximately 33% (excluding dividends, fees and charges).
Current consensus price target is $5.50, suggesting upside of 72.4%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 12.90 cents and EPS of 14.90 cents.
At the last closing share price the estimated dividend yield is 4.04%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.41.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.2, implying annual growth of 9.5%.
Current consensus DPS estimate is 13.4, implying a prospective dividend yield of 4.2%.
Current consensus EPS estimate suggests the PER is 19.7.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 13.40 cents and EPS of 15.50 cents.
At the last closing share price the estimated dividend yield is 4.20%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.58.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.1, implying annual growth of 11.7%.
Current consensus DPS estimate is 14.9, implying a prospective dividend yield of 4.7%.
Current consensus EPS estimate suggests the PER is 17.6.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PYC PYC THERAPEUTICS LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $1.24
Canaccord Genuity rates ((PYC)) as Buy (1) –
Canaccord Genuity maintains a Buy rating for PYC Therapeutics with a $2.84 target price following the disclosure of Novartis’ Phase III trial design metrics for competitor asset farabursen.
The newly detailed global regulatory protocol incorporates an expanded sample size of approximately 950 patients alongside dual active dosing configurations to systematically de-risk clinical effect size assumptions.
Prolonged competitor commercialization timelines are considered highly beneficial by the broker, potentially allowing an accelerated opportunity to narrow the operational timing gap.
If early clinical candidate PYC-003 delivers clean biomarker data from early 2027 onwards, the structural investment thesis suggests a leaner, more precise development pathway.
Underlying financial modeling remains completely intact, driven by long-term peak US sales projection of US$3bn by FY35.
This report was published on June 6, 2026.
Target price is $2.84 Current Price is $1.24 Difference: $1.605
If PYC meets the Canaccord Genuity target it will return approximately 130% (excluding dividends, fees and charges).
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
QOR QORIA LIMITED
Software & Services – Overnight Price: $0.27
Canaccord Genuity rates ((QOR)) as Buy (1) –
Canaccord Genuity reiterates a Buy rating for Qoria with its target price revised to $0.42 following the lodgement of the official scheme booklet detailing the intended merger with digital safety consumer platform Aura.
The broker notes full financial disclosures highlight a scaled software-as-a-service business with historical revenue growth of 31% in 2025 offset by elevated scale-up investments.
Combined forward metrics indicate group annual recurring revenue will surpass US$380m in FY26, driven by prioritized distribution channels across global school networks and employee benefits partners.
Planned cost-out initiatives of US$55m and upcoming artificial intelligence efficiencies underpin management expectations of achieving positive free cash flow during the second half of 2026.
The report concludes a pre-transaction equity raise of US$100m further bolsters the pro-forma balance sheet to deliver an attractive entry valuation multiple of 1.9x forward enterprise value to annual recurring revenue.
This report was published on June 6, 2026.
Target price is $0.42 Current Price is $0.27 Difference: $0.15
If QOR meets the Canaccord Genuity target it will return approximately 56% (excluding dividends, fees and charges).
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SEK SEEK LIMITED
Jobs & Skilled Labour Services – Overnight Price: $12.95
Jarden rates ((SEK)) as Buy (1) –
Jarden maintains a Buy rating for Seek with its target price reduced to $23.25 following modeling adjustments across regional recruitment indicators.
A proprietary tracker highlights persistent annual pricing strength across standard domestic ads, signaling potential upside risk to short-term entry yield guidance.
Revisions incorporate expanded baseline pricing power parameters, though this benefit is partially offset by a downgrade to financial year FY27 volume assumptions from flat to a contraction of -2.5%.
The localized volume reduction reflects macroeconomic indicators suggesting the Australian labor market is past its peak, the broker observes, pushing projected national unemployment to 4.8% by June 2027.
A forecast two-year normalized earnings per share compound annual growth rate of 21% through to FY29 underpins the positive structural investment thesis.
This report was published on June 4, 2026.
Target price is $23.25 Current Price is $12.95 Difference: $10.3
If SEK meets the Jarden target it will return approximately 80% (excluding dividends, fees and charges).
Current consensus price target is $21.81, suggesting upside of 68.4%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 51.40 cents and EPS of 55.50 cents.
At the last closing share price the estimated dividend yield is 3.97%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 55.3, implying annual growth of -19.5%.
Current consensus DPS estimate is 53.3, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 23.4.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 63.40 cents and EPS of 66.40 cents.
At the last closing share price the estimated dividend yield is 4.90%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.50.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 68.0, implying annual growth of 23.0%.
Current consensus DPS estimate is 61.3, implying a prospective dividend yield of 4.7%.
Current consensus EPS estimate suggests the PER is 19.0.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SLC SUPERLOOP LIMITED
Telecommunication – Overnight Price: $3.57
Canaccord Genuity rates ((SLC)) as Buy (1) –
Canaccord Genuity maintains a Buy rating for Superloop, with its target price increased to $3.95 following an investor day presentation detailing updated strategic targets.
Upgraded financial year FY26 group EBITDA guidance narrows to a range of $118m to $122m, capturing strong subscriber traction across consumer, business, and wholesale divisions.
The newly introduced “Supercharge2029” three-year strategy targets group operational revenue exceeding $1bn alongside a long-term EBITDA objective of $200m by FY29.
Today’s report highlights accelerated commercial positioning within the infrastructure-style smart communities division underpins expanded multi-year network capital expenditures to secure higher-quality annuity returns.
The broker views the multi-pronged structural growth framework very positively on high customer conversion visibility, modeling an attractive 42% earnings per share compound annual growth rate through to FY29.
This report was published on June 6, 2026.
Target price is $3.95 Current Price is $3.57 Difference: $0.38
If SLC meets the Canaccord Genuity target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $3.68, suggesting upside of 3.1%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 7.4, implying annual growth of 2983.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 48.2.
Forecast for FY27:
Current consensus EPS estimate is 10.3, implying annual growth of 39.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 34.7.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
TWE TREASURY WINE ESTATES LIMITED
Food, Beverages & Tobacco – Overnight Price: $4.69
Jarden rates ((TWE)) as Overweight (2) –
Jarden maintains an Overweight rating for Treasury Wine Estates with a $5.00 target price following incremental strategic disclosures at the 2026 Strategy Day.
Structural portfolio optimization will consolidate the current line-up from 76 brands down to fewer than 30 priority brands within five years.
Near-term projections point to FY26 earnings before interest, tax, and SGARA (EBITS) arriving between $480m and $490m, representing a stabilizing floor for the business.
Extended inventory rebalancing timelines across Americas distribution channels prompt a -9% to -10% reduction to FY27 and FY28 earnings estimates.
The report concludes decisive cost-out execution and streamlined logistics structures position the business to safely peak net leverage at 2.9x before returning below target thresholds by FY28.
This report was published on June 4, 2026.
Target price is $5.00 Current Price is $4.69 Difference: $0.31
If TWE meets the Jarden target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $5.10, suggesting upside of 8.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 32.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.39.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 31.1, implying annual growth of -42.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 15.1.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 9.00 cents and EPS of 31.30 cents.
At the last closing share price the estimated dividend yield is 1.92%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.98.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 33.6, implying annual growth of 8.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 14.0.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
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The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don’t have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide experienced, intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface.
This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.
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CHARTS
For more info SHARE ANALYSIS: 29M - 29METALS LIMITED
For more info SHARE ANALYSIS: AIS - AERIS RESOURCES LIMITED
For more info SHARE ANALYSIS: APE - EAGERS AUTOMOTIVE LIMITED
For more info SHARE ANALYSIS: AR1 - AUSTRAL RESOURCES AUSTRALIA LIMITED
For more info SHARE ANALYSIS: CBE - COBRE LIMITED
For more info SHARE ANALYSIS: CYM - CYPRIUM METALS LIMITED
For more info SHARE ANALYSIS: HGO - KANTRA COPPER LIMITED
For more info SHARE ANALYSIS: PFP - PROPEL FUNERAL PARTNERS LIMITED
For more info SHARE ANALYSIS: PYC - PYC THERAPEUTICS LIMITED
For more info SHARE ANALYSIS: QOR - QORIA LIMITED
For more info SHARE ANALYSIS: SEK - SEEK LIMITED
For more info SHARE ANALYSIS: SLC - SUPERLOOP LIMITED
For more info SHARE ANALYSIS: TWE - TREASURY WINE ESTATES LIMITED

