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Stocks of the Hour: PGD, GL1, TNY

Abbey Phillipps from Finance News Network breaks down some stocks making noise in today's ASX trading session.

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Peregrine Gold (ASX:PGD) has announced Ultra High-Grade Gold and Silver results from its Birdsnest Costeans prospect in WA. The company also returned higher gold grades at their Peninsula prospect. In response, Mr George Merhi, Peregrineโ€™s Technical Director, commented: โ€œThis costean programme conducted after the RC drilling has provided valuable information on the orientation of the mineralisation in 2D.โ€ Shares are trading 36 per cent higher at 40 cents.

Global Lithium Resources Limited (ASX:GL1) has announced that it has delivered a transformative 50 Million tonnes in their lithium resource base. This represents a 230% increase in their Manna project and a 71% increase in their Marble Bar project. Global Lithium Managing Director, Ron Mitchell commented, โ€œThese game-changing Mineral Resource upgrades, at our 100%-owned Western Australian hard-rock lithium projects, are a great outcome for GL1 following the nearly 85,000m exploration programs we have undertaken safely during 2022.โ€ Shares are trading 6.9 per cent higher at $2.16.

Tinybeans Group (ASX:TNY) has provided investors with an end of year review and an outlook update for calendar 2023. Some highlights include that consumer revenues were up 60%, and a reduction in operating expenses for the quarter to under US$3M from nearly US$4M in less than 6 months. Shares are trading 27.78 per cent higher at 23 cents.

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