Stocks of the Hour: Calmer Co Intl, DroneShield, Sovereign Metals - Sequoia Direct Pty Ltd

17JulJuly 17, 2023

Stocks of the Hour: Calmer Co Intl, DroneShield, Sovereign Metals

The Calmer Co. International (ASX:CCO) announced a record Q4 sales figure, up 80% compared to the Q3. This is largely due to deals with CJ Patel, RooLife and Amazon USA. Shares are trading 33.33 per cent higher at 0.4 cents.

DroneShield (ASX:DRO) has received a record $33 million order from a U.S. Government agency. The award consists of DroneShield equipment and multi-year services. Shares are trading 32.08 per cent higher at 35 cents.

Sovereign Metals (ASX:SVM) announced that Rio Tinto (ASX:RIO) is set to invest $40.1 million and become a 15% strategic investor. Chairman Ben Stoikovich commented: “The experience and expertise that Rio Tinto brings will truly set Kasiya apart as a potentially globally significant supply of two critical minerals and take us all a step closer to supply chain decarbonisation.” Shares are trading 14.14 per cent higher at 56.5 cents.
Copyright 2023 – Finance News Network

Source: Finance News Network

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