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Stocks of the Hour: BBX Minerals, Polar X, Sezzle


BBX Minerals (ASX:BBX) has announced that there Bioleaching test work has continued to show excellent results, with the pilot plant testing to begin shortly. The goal of this investigative test work was to demonstrate how the Três Estados complex mineralisation responds to EcoBiome’s patent pending microbial technology. BBX’s Technical Manager Edmar Medeiros said: “After the initial studies of noble metal extraction tests using the bioleaching technique, BBX and EcoBiome continued with the tests aimed at improving the technology for recovering noble metals present in the BBX ore from Brazil.” Shares are trading 23.3 per cent higher at 9 cents.

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Polar X Limited (ASX:PXX) has announced that Northern Star Resources (ASX:NST) subscribed for approximately 10% of the company’s issued capital post raise, after Polar X issued a Placement and Shortfall Placement. PolarX has now raised approximately $3.63 million since 30 November 2022 as drilling continues at the Humboldt Range Project in Nevada. Shares are trading 16.7 per cent higher at 1.4 cents.

Purpose-driven instalment payment platform, Sezzle (ASX:SZL), has announced to the market an update on key financial metrics for the month ended 30 November 2022. The company posted a new high in total revenue, which drove positive results in Net Income and Adjusted EBTDA. Sezzle’s Chairman and CEO. “We believe we are the first in our segment to reach profitability, but one month does not make a trend. Our goal for 2023 is to achieve positive Net Income and Adjusted EBTDA.” Shares are trading 6.86 per cent higher at 54.5 cents.
 






Peter Milios


Peter Milios is a recent graduate from the University of Technology – majoring in Finance and Accounting. Peter is currently working under equity research analyst Di Brookman for Corporate Connect Research.


Image & Story Credit: finnewsnetwork.com.au

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