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Stocks of the Hour: CRR, MAT, GMG

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

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Critical Resources (ASX:CRR) announced that their drilling program has identified a new mineralised zone south of Mavis Lake. In response, Critical Resourcesโ€™ Managing Director Alex Cheeseman said, โ€œThese are further great results from Mavis Lake, identifying a new mineralisation zone has the ability to significantly increase the scale potential of the project, and is extremely encouraging.โ€ Shares are trading 4 per cent higher at 5.2 cents.

Matsa Resources (ASX:MAT) announced that strong gold intercepts have continued at Fortitude North Lake Carey Gold Project. In response, Matsa Executive Chairman Mr Paul Poli commented: โ€œThe thicker intercepts in the high grade shoots provide substantial volumes of gold not seen in previous drilling and certainly eclipse what we have seen at Fortitude Gold Mine.โ€ Shares are trading 40.5 per cent higher at 5.2 cents.

Goodman Group (ASX:GMG) has released its results for the half year ended 31 December 2022. The company achieved an operating profit of $877 million, an impressive 11.5% increase from the first half of FY22, and they increased their operating earnings per security to 46.4 cents, up 10.7% from last year. In response, Group Chief Executive Officer, Greg Goodman said, โ€œDespite the volatility in the global economic environment, we delivered a strong operating performance and financial results, and we expect this to continue into the second half of FY23.โ€ Shares are trading 1.8 per cent lower at $19.43.

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