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Stocks of the Hour: LME, VRX, MQR

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

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WebMD Health Services will acquire Limeade (ASX:LME) for A$0.425 per share. Henry Albrecht, Limeade CEO, commented, โ€œWe are confident that the combination will bring together WebMD Health Services human expertise and Limeade technical innovation into a comprehensive solution.โ€ Shares are trading 315 per cent higher at 41.5 cents.

VRX Silica Limited (ASX:VRX) announced that the Environmental Review Document (ERD) for its Arrowsmith North Silica Sand Project has been accepted by the Department of Water and Environmental Regulation. VRX MD Bruce Maluish said, โ€œThe ERD seeks approval for 30 years of mining. The development area has the potential to underpin a project lasting up to 60 years.โ€ Shares are trading 27.27 per cent higher at 14 cents.

Marquee Resources (ASX:MQR) announced that it has agreed to accelerate the Farm-In agreement with Mineral Resources (ASX:MIN) at the West Spargoville Project. Executive Chairman, Mr Charles Thomas, commented, โ€œBy accelerating the Farm-In agreement and officially forming this JV with MinRes, we hope to further capitalise on the extensive knowledge and technical capabilities that they have.โ€ Shares are trading 54.55 per cent higher at 3.4 cents.

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