Winners and Losers: NeuRizer issued speeding ticket after sudden spike

Agriculture firm NeuRizer had to explain the sudden acceleration of its share price last week, which landed it the top spot after rising by more than 70 per cent.

Jan 29, 2024, updated Jan 30, 2024
A render of NeuRizer's proposed urea processing plant near Leigh Creek.

A render of NeuRizer's proposed urea processing plant near Leigh Creek.

The ASX issued NeuRizer a speeding ticket at the end of last week after the company – which is aiming to be Australia’s first carbon-neutral producer of urea fertiliser – saw its shares skyrocket from $0.007 per share to $0.012 before the long weekend.

NeuRizer said it was not aware of any information that could explain the sudden uptick in trading of NRZ stocks, but closed the week out nearly doubling its market cap nonetheless. Shares in the company remain down nearly 90 per cent on a 12-month basis.

Papyrus Australia – which turns banana plant waste into fibre for uses including plastic alternatives – closed last week in a trading halt ahead of an announcement regarding a share sale. It landed the number two spot in last week’s shorter trading period.

Other Winners included Mayfield Group which announced an interim fully franked dividend of 1 cent per share for the half year ending 31 December. As set out in an announcement to the ASX on 19 December 2023, the company’s business operations have continued to perform strongly with new contracts underpinning revenue.

Cooper Energy and Renascor rounded out the top five Winners for the week.

Of the Losers, both Woomera Mining and PNX Metals saw their shares fall by 25 per cent. Woomera posted no news in the four trading days but was depressed in line with the continued fall of the lithium price.

Mighty Kingdom was the number five loser for the week following the company’s extraordinary general meeting when shareholders backed the current board over a proposed reshuffle by the company’s largest shareholder.

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The top five Winners and Losers for the week ending 25 January:

Data compiled by Baker Young Limited

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