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

Company News

by Abbey Phillipps

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.

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