Stocks of the Hour: Estrella Res, The Calmer Co. Intl, Beston Global Food Co.

 

Estrella Resources Limited (ASX:ESR) announced their next-generation geophysical program to commence at Carr Boyd. MD Chris Daws said: “the program will be funded through the recent equity provided by Radium Capital.” Shares are trading 57.14 per cent higher at 1.1 cents.

The Calmer Co. International Limited (ASX:CCO) announced the launch of its new e-commerce store in the United States for its FijiKava® brand. CEO Anthony Noble commented, “Seeing the FijiKava® range growing at circa 20% quarter on quarter since 2022, underlines why we will now focus on e-commerce, which has lower and more scalable cost to service versus conventional retail channels.” Shares are trading 50 per cent higher a 0.3 cents.

Beston Global Food Company (ASX:BFC) intends to discontinue and divest its Provincial Food Group (PFG) meat and plant-based meats secondary process business, its Aqua-Essence water assets and business and its Technology business. The Chief Executive of BFC, Mr Fabrizio Jorge, said: “The decision will enable Beston to accelerate our profitability, and our cash flows.” Shares are trading 10 per cent higher at 1.1 cents.

About Finance News Network

Established in 2006, the Finance News Network is one of Australia's largest providers of online business and finance news. Our news is distributed across some of Australia’s most prominent investment platforms. The network connects investors with investment opportunities, the latest ASX news, CEO and fund manager interviews and investor webinars. Keep your finger on the pulse and stay abreast of markets. Tune in to FNN. FNN is a subsidary of Sequoia Financial Group

View more articles by Finance News Network →