Stocks of the Hour: DroneShield, Genetic Technologies, Cauldron Energy
A snapshot of the stocks on the move, featuring DroneShield Ltd (ASX:DRO), Genetic Technologies (ASX:GTG) and Cauldron Energy (ASX:CXU).
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DroneShield (ASX:DRO) provides Artificial Intelligence based platforms for protection against advanced threats such as drones and autonomous systems. The Company offers customers bespoke counterdrone (or counter-UAS) and electronic warfare solutions and off-the-shelf products designed to suit a variety of terrestrial, maritime and airborne platforms. Their customers include military, Government, law enforcement, critical infrastructure, and airports.
A snapshot of the stocks on the move, featuring DroneShield Ltd (ASX:DRO), Genetic Technologies (ASX:GTG) and Cauldron Energy (ASX:CXU).
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DroneShield's CEO Oleg Vornik discusses the company's impressive share price surge and its cutting-edge counter-drone technology. He also highlights DroneShield's diverse revenue streams and expanding presence in global markets.
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Oleg Vornik - CEO and Managing Director - DroneShield Limited (ASX:DRO) is a global provider of counter-drone solutions.
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A snapshot of the stocks on the move, featuring DroneShield (ASX:DRO), Terra Metals (ASX:TM1) and Control Bionics (ASX:CBL).
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17 Jul 2023 - A snapshot of the stocks on the move, featuring Calmer Co. International (ASX:CCO), DroneShield (ASX:DRO) and Sovereign Metals (ASX:SVM).
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DroneShield (ASX:DRO) has announced a repeat order worth $8.2m from a major European military customer.
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Judo Capital (ASX:JDO), an Australian bank specialising in lending to small and medium-sized enterprises (SMEs), has reported a solid year of financial performance, with a notable 9.5% increase in annual revenue for the fiscal year ending 30 June 2024.
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17 Jul 2023 - At noon, the S&P/ASX 200 is 0.01 per cent lower at 7,303.00. Bond yields rose slightly, indicating a higher probability of an August interest rate hike by the RBA.
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04 Jul 2023 - The Reserve Bank of Australia has decided to keep the cash rate unchanged at 4.1 percent following its July board meeting.
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04 Jul 2023 - At noon, the S&P/ASX 200 is 0.06 per cent higher at 7,250.60, ahead of the RBA’s interest rate decision at 2:30 PM. Economists are divided on whether there will be a rate change, with some expecting another 25 basis point hike while others anticipate no change. Market pricing suggests a 30% chance of a rate increase. If rates remain unchanged, the market is likely to remain quiet, especially with the US on a holiday.
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