Alan Green joins the Podcast for our weekly instalment of markets and UK equities.
Today, we focus on:
- ASOS (LON:ASC)
- ECR Minerals (LON:ECR)
- Technology Minerals (LON:TM1)
We start by looking at the UK’s 10.1% inflation reading and what it could mean for the FTSE 100 in the short term. The FTSE 100 is trading in a tight range and we look at the potential scenarios that could lead to a breakout.
ASOS shares rose after realising final results but the performance may not be as positive as today’s share price movement suggests. The company is struggling as the cost of living crisis takes hold and have had to seek credit lines.
ECR Minerals updated the market on their progress at the Creswick Project having drill a number of holes finding gold grade up to 0.7m @ 47.75 g/t Au.
Technology Minerals is driving forward with their plans to create a circular economy in battery metals with the proposed acquisition of Recyclus.