In the Australian Securities Exchange (ASX) trading session on Wednesday, several stocks made notable movements.
Carnegie Clean Energy (ASX:CCE) experienced a sharp rise, with an increase of up to 100% on the news that it has signed a €3.75 million (€1 = $1.0733) contract for the deployment of its CETO wave energy technology in Europe. The company expects the technology to be operational by 2025.
Live Verdure Ltd (ASX:LV1) also saw significant gains, rising approximately 31% after securing commitments for a AU$1.68 million ($1 = AUD1.5665) placement from new and existing sophisticated shareholders. The funds are earmarked for new product development, working capital requirements for large retail partnerships, and further acceleration of the company's growth through investments in sales, marketing, and inventory initiatives.
Errawarra Resources (ASX:ERW) was up around 13% following news that it closed a heavily oversubscribed placement early after receiving commitments for AU$4.25 million from sophisticated investors to fund exploration.
Besra Gold (ASX:BEZ) rose about 27% after revealing that drilling at its Bekajang project has uncovered a "multi-storey" deposit with a discrete high-grade gold zone below the initial find reported in 2022.
Si6 Metals (ASX:SI6), Volt Power Group (ASX:VPR), MGC Pharmaceuticals (ASX:MXC), and Boadicea Resources (ASX:BOA) also experienced upward movement early in the session without any fresh news.
Castle Minerals (ASX:CDT) saw a 10% increase after announcing the appointment of David K. Renner to the board of its wholly-owned Ghanaian subsidiary, Kambale Graphite.
On the downside, Orora Ltd (ASX:ORA) demonstrated an early sell-off, dropping around 15%. However, the company announced that it had successfully raised AU$1.1 billion from an Institutional Entitlement Offer and Placement during its absence from the market.
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