Monday, Northern Star Resources (ASX:NST) announced an agreement to acquire De Gray Mining (ASX:DEG)including its world-class Hemi Gold design. The $5 billion takeover, if approved, would see De Gray shareholders receive 0.119 Northern Star shares for each De Gray share. This represents a 39% premium to De Grey’s closing price last Friday. Northern Star shares have fallen 5.4% over the past five days.
Also on Monday, shares of global investment management firm GQG Partners (ASX:GQG) fell 14% after UBS’s downgrade. The company has a significant investment in the Adani Group, one of India’s largest conglomerates. However, in mid-November the United States brought corruption charges against Adani’s founder and some senior executives. Over the past five days, GQG shares have fallen more than 9%.
Hazer Group (ASX:HZR) Shares soared on Tuesday after the company received $6.2 million in funding from the Western Australian government. Hazer has an innovative process for producing hydrogen, using natural gas as a feedstock and iron ore as a catalyst. This results in a low-emission and cost-effective alternative to traditional hydrogen production. Over the past five days, Hazer shares have gained nearly 12%.
INOVIQ (ASX:IIQ) reported progress with its cancer tests this week. The company’s ovarian cancer test achieved greater than 94% accuracy, while its breast cancer test achieved high specificity. There are currently no recommended methods for detecting ovarian cancer in women without symptoms, and early intervention is known to significantly increase survival rates. Over the past five days, INOVIQ shares have risen more than 14%.
HMC Capital Thursday (ASX:HMC) announced it has acquired Neoen’s renewable energy portfolio in Victoria for $950 million. This includes wind, solar and battery energy storage systems. The purchase will bring to life HMC’s energy transition platform.
Over the last five days, HMC Capital shares have lost 0.5%.