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Stocks of the Hour: KAI, AX8, AGN

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

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Kairos Minerals (ASX:KAI) has announced that Extensional Drilling at their Mt York Gold Project has intercepted outstanding results. Kairos Managing Director, Dr Peter Turner said: โ€œThe results support our view that Mt York is a big system in a Tier-1 location with consistent mineralisation.โ€ Shares are trading 9.5 per cent higher at 2.3 cents.

Accelerate Resources (ASX:AX8) announced High Grade Manganese Drill Results from their project in WA. In response, Managing Director Yaxi Zhan commented, โ€œโ€œThese exceptional results represent only the very early stages of our efforts to delineate significant high grade resources across our 35 km long Woodie Woodie North Project with a series of extensive high grade zones already identified across the project.โ€ Shares are trading flat at 2.6 cents.

Argenica Therapeutics (ASX:AGN) has announced that their preclinical data shows ARG007 inhibits a cause of alzheimers. In response, Dr Liz Dallimore, Argenicaโ€™s Managing Director, said โ€œIt is well recognised that Abeta aggregation in the brain plays a key role in initiating Alzheimerโ€™s Disease, and therefore a safe therapeutic drug that can reduce Abeta aggregation is a huge opportunity.โ€ Shares are trading 23.5 per cent higher at 50 cents.

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