Stocks of the Hour: Perenti, NOVONIX, 88 Energy
A snapshot of the stocks on the move, featuring Perenti (ASX:PRN), NOVONIX (ASX:NVX) and 88 Energy (ASX:88E).
Watch Now
From Perenti’s origins in Kalgoorlie in the 1980s, Perenti have grown into one of the largest companies in the world offering both surface and underground mining solutions at scale. Perenti have experience operating some of the biggest projects in the world, while working with our customers to understand their requirements and deliver on their needs.
Perenti’s vision is to become the indispensable mining services company and to build positive and mutually productive relationships with our customers that deliver both enduring value and certainty to them.
Perenti have more than 30 years’ experience in surface and underground mining and a track record of delivering mining projects in challenging environments. Perenti’s experience includes multiple commodities ranging from gold to nickel and from iron ore to lithium.
Perenti’s operations span four continents and 13 countries. We have a global workforce of more than 8,000 world class employees and our culture is underpinned by a set of principles that drive the way we work, our actions and our behaviours, in every interaction and task we perform.
Perenti focus is keeping our people — and the people we work with — safe, while building a strong, diverse and vibrant workforce. Our underlying goal is to expand our business geographically and sustainably by delivering exceptional value to our customers. Get in touch to find out more about our businesses and how we can offer enduring value and certainty to your business
A snapshot of the stocks on the move, featuring Perenti (ASX:PRN), NOVONIX (ASX:NVX) and 88 Energy (ASX:88E).
Watch Now
The Outperform rating is retained and the target price decreases to $1.00 from $1.10.
Read More
Concerns over the balance sheet and work in hand atPerenti Global have dissipated, with the company's update supporting a robust outlook.
Read More
Investors took fright yesterday at what was a solid update from mining services company Perenti even though it reinstated earlier guidance lower than previous forecasts.
Read More
The company has reduced FY20 net profit guidance to around $115-120m from $140m. This represents a -14-17% downgrade to prior UBS estimates.
Read More
A collection of mining services companies beginning to experience some attractive breakouts that point to these flow-on affects from mining activity translating to a sustained increase in earnings.
Read More
Shares in Ausdrill, the mining services, and drilling contractor slid more than 7% yesterday after the company surprised with an impairment warning in an afternoon announcement.
Read More
Ausdrill has announced a three-year extension of the equipment hire contract with Peabody at $126m. Deutsche Bank suspects there was likely to be a marginal price increase to reflect tighter equipment availability and potentially better terms.
Read More
Bega Cheese shares went into a trading halt yesterday to allow for a $200 million fundraising, while Ausdrill revealed it had got better than expected support from shareholders in its $75 million retail offer.
Read More
Ausdrill share jumped more than 9% to $1.73 yesterday after directors recommended shareholders give the greenlight to a near $300 million acquisition from the founder of the company.
Read More
Shares in mining services group, Ausdrill plunged yesterday, wiping more than a quarter of their value at one stage after the company revealed doubt about the value of two key contracts.
Read More