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Stocks of the Hour: CNJ, SZL, REE

Abbey Phillipps from Finance News Network breaks down some stocks making noise in today's ASX trading session.

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Conico (ASX:CNJ) has announced outstanding cobalt, nickel and scandium results at their Mt Thirsty joint venture with Greenstone Resources (ASX:GSR). In response, Managing Director and CEO from Greenstone commented, โ€œThese most recent results continue to highlight the prospectivity of the Mt Thirsty project and, importantly, the suite of target commodities, all of which serve to play a critical role in the continued decarbonisation of our economy.โ€ Shares are trading 88.9 per cent higher at 1.7 cents.

Sezzle (ASX:SZL) announced a december business update for the month ended December 31st, 2022. The company reported strong revenue growth and profitability for December, with total income increasing 15.7% year on year, reaching a new high of US$13.6M. In response, Charlie Youakim, Sezzleโ€™s Chairman and CEO stated, โ€œWe are excited, as we have shown investors that we are clearly on the path to profitability with a well-capitalised balance sheet that does not require additional capital.โ€ Shares are trading 15.7 per cent higher at 62.5 cents.

Rare-X (ASX:REE) announced outstanding new 500m and 280m Intercepts at their Cummins Range rare earth projects. In response, RareX Managing Director, Jeremy Robinson, said: โ€œWe are now closing-in on what is expected to be a highly significant resource upgrade for Cummins Range, with the latest drilling results clearly highlighting the enormous scale of the rare earths-phosphate mineralisation. Shares are trading 7.7 per cent higher at 5.6 cents.

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