Stocks to watch

Stocks of interest at the close of trading on Wednesday, February 5.

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ORE - OROCOBRE LIMITED - up 58 cents, or 19.0 per cent, to $3.64

PLS - PILBARA MINERALS - up 3.5 cents, or 11.3 per cent, to 34.5 cents

GXY - GALAXY RESOURCES - up 18.5 cents, or17.7 per cent, to $1.23

Lithium miners soared after Panasonic noted that its battery joint venture with Tesla turned a profit for the first time.

CIM - CIMIC GROUP - up $2.76, or 9.8 per cent, to $30.93

The international contractor has announced that Juan Santamaria would be promoted from managing director of CIMIC's CPB Contractors business to chief executive and managing director, replacing Matthew Wright.

Mr Wright, who has been that role since December 2017, has accepted a new leadership role within the group that will be disclosed later, CIMIC said.

CIMIC Group also forecast a net profit of $810 million to $850 million in 2020.

MMJ - MMJ GROUP HOLDINGS - up one cent, or 8.3 per cent, to 13 cents

The cannabis investment company presented updates for two companies in its investment portfolio, unlisted Sequoya Cannabis Limited and TSX-listed WeedMD Inc .

Sequoya's subsidiary, Sequoya Europe, has received EU GMP certification for its newly completed European centre of extraction and cannabidiol (CBD) production.

This is an important first step to becoming a significant GMP-certified hemp CBD supplier, with longer-term plans to expand into the legal medical marijuana market across Europe.

Sequoya's recently completed cannabis extraction operations are located in Krakow, Poland, with plans to become a leading supplier of CBD extracts and isolate within the European Union.

Austrlaian Associated PressBack to Breaking News

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