Leaf Resources Ltd (ASX: LER), Novita Healthcare Ltd (ASX: NHL) and Peako Ltd (ASX: PKO) Up By More Than 15%

Sector Reports > Latest News > ASX > Leaf Resources Ltd (ASX: LER), Novita Healthcare Ltd (ASX: NHL) and Peako Ltd (ASX: PKO) Up By More Than 15%

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Leaf Resources Ltd (ASX: LER), Novita Healthcare Ltd (ASX: NHL) and Peako Ltd (ASX: PKO) were big movers in Tuesday trading session as investors reacted to a flurry of positive news.

Novita Tail Train Supply Agreement

Novita Healthcare limited was up by more than 15% on confirming the signing of a supply agreement with U.K.’s Edtech Impact, which reaches close to 90% of schools across the U.K. As a result of the agreement, Edtech is to promote Novita’s Tali Train program to more than 180,000 teachers.

Tali Train is Novita’s flagship game-based training program that seeks to address childhood attention issues. The program is designed in such a way that students can access it in a tablet at home or in classroom.

“This is a significant step forward for Novita as Edtech Impact specifically targets schools that have already identified the need for tools such as Tali Train. In effect, this is a pool of prequalified high-value sales targets that will assist to compress the sales cycle and potentially drive timely revenue generation for Tali in the U.K.,” said chair Sue MacLeman.

The two are also to collaborate on school leader events to collect data related to the use and Tali Train across the U.K. school ecosystem.  Novita is banking on the data collected to form the basis for the expansion of Tali Train to more schools.

Leaf Resources-Gevo Strategic partnership

Leaf Resources was up by more than 20% on announcing the signing of a joint development agreement with Gevo Inc. Under the terms of the agreement, Gevo is to explore the potential use of cellulosic-derived sugars and glycerol produced by Leaf Resources pretreatment technology.

The company’s Glycell technology has so far proved to be reliable in breaking down plant biomass and generating higher-yield cellulose compared to conventional approaches. Gevo, on its part, has developed a technology that it plans to use to generate isobutanol from feedstock’s while leveraging yeast.

Pursuant to the Joint Development Agreement, the two are also to work as part of three phases of joint work. The first phase seeks to ensure the development of a bankable project. The other phases will involve commercial development and commercialization of the project.

Peako Capital Raise

Peako Limited, on the other hand, was up by 20%, weeks after strengthening its balance sheet through a public offering.  The exploration and mining company is fresh from completing placement of 8.9 million shortfall Shares and 8.9 million New Options as part of a non-renounceable rights issue.

The company issued the Shortfall securities at a price of $0.02 per share with the New Options going for $0.025 each. With the offering, the company raised $756,945. Peako Limited intends to use net proceeds from the offering to finance drilling activities at its maiden drilling program at VHMS copper project.

As part of the drilling program, the company intends to test compelling geophysical targets along a strike of known mineralization.  Financing for the program should not be a problem as the company has also received a $150,000 Environment incentive-drilling grant from the local government.

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