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The ASX200 was up only just in early trade today, despite predictions it would fall. It stands around the 7,170 mark.
Supermarket giant Woolworths Group (WOW) is trading up almost five per cent after releasing its annual report for the 2023 financial year.
The group announced an after-tax profit of $1.62 billion – up 4.6 per cent on FY22.
Despite that, Woolworths reported, like its competitor Coles yesterday, it’s facing higher operating costs and increased theft as consumers battle rising cost-of-living pressures.
Woolworths has been trading at $37.84.
Australia’s largest pizza chain Dominos Pizza (DMP) is up 7.5 per cent despite announcing its net profits fell 74.4 per cent to 40.6 million for FY23.
The company reported that total food sales actually grew 2.2 per cent in FY23, but this was due to higher meal prices, as fewer meals were sold.
Dominos last traded at $51.25.
In other news, Raiden Resources (RDN) is up nearly 40 per cent after announcing the discovery of significant pegmatite outcrops at its Andover South project in Western Australia.
The company identified a 30-metre-wide outcrop of lithium pegmatite mineralisation at the project.
Andover South, previously known as Roebourne South, was renamed due to its close proximity to Azure Minerals’ (AZS) separately held Andover project, located just to the north.
Raiden Resources has been trading at 1 cent.
Lithium explorer Lithium Universe (LU7) is up five per cent after it outlined the significant lithium and rare earth element potential across its projects in the tier-one mining regions of Canada and Australia.
The Apollo project is situated 29 kilometres southeast of Patriot Battery Metals’ (PMT) Corvette project, which holds a 109.2 million tonne (Mt) lithium resource at 1.42 per cent lithium oxide.
Lithium Universe was trading at 6 cents.
And US healthcare company, CurveBeam AI, made its debut on the ASX today after its pre-initial public offering (IPO) of $25 million was heavily supported.
CurveBeam, listed under the ticker code ‘CVB,’ provides investors with an opportunity to participate in its cutting-edge imaging solutions that incorporate artificial intelligence (AI) and deep learning AI (DLAI).
The company’s flagship product is the HiRise scanner, which can perform traditional CT scans and weight-bearing ones.
CurveBeam AI has slipped nearly 35 per cent to trade at 31.5 cents.
