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Mixed moves by cobalt stocks

Australian junior Cobalt Blue Holdings (AU:COB) was one of the cobalt companies on the rise after the in-demand battery material reached a new high on the London Metal Exchange on Friday of US$88,375 per tonne.
Mixed moves by cobalt stocks Mixed moves by cobalt stocks Mixed moves by cobalt stocks Mixed moves by cobalt stocks Mixed moves by cobalt stocks

Cobalt Blue Holdings rises on Thackaringa upgrade

Staff reporter

COB hit a 52-week high intraday and closed up almost 3% today as it announced a significant mineral resource upgrade for its Thackaringa cobalt project in New South Wales.

However fellow Australian junior Collerina Cobalt (AU:CLL) closed down more than 7% today, or 1c, after releasing its interim results on Friday.

In China, Nanjing Hanrui Cobalt (CH:300618) was down 2.54% in morning trade but remains up more than 30% year-to-date.

In Canada, First Cobalt (CN:FCC), which describes itself as "a leading non-DRC cobalt company", closed 2.63% lower on Friday.

The company had last week announced its latest M&A plans, a friendly acquisition of US Cobalt (CN:USCO), which closed up 0.78% on Friday representing a gain of 116.67% year-to-date.

Canada Cobalt Works (CN:CCW), previously Castle Silver Resources, was up 8.33% on Friday as it assayed 2.46% cobalt and 6,173g/t silver in underground bulk sampling at its Castle project in Ontario; and advanced its proprietary Re-2OX processing.

Finally, cobalt royalty and streaming company Cobalt 27 Capital, which completed a C$200 million (US$126 million) private placement 10 days ago, was up 1.97% on Friday with no news.