Azzet reports on three ASX stocks with price moving updates today.
Mineral Resources soars after posting strong quarterly update ~
Shares in Mineral Resources (ASX: MIN) were trading 12.1% higher by 1:40 pm AEDT (2:40 am GMT) after the lithium miner and diversified resources producer posted a record-setting quarter update that beat the market’s expectations across key divisions.
What the market also smiled on today was the miner’s reminder that FY26 production and cost guidance across all divisions remained on track.
Contributing strongly to today’s result was the Onslow Iron project, which achieved a 50% increase in shipments and completed haul road upgrades.
With Onslow Iron operating at its 35 million tonne per annum (Mtpa) nameplate capacity between August and October, the miner stands to receive a $200 million contingent payment from Morgan Stanley Infrastructure Partners.
The Pilbara Hub also posted strong results, with shipments of 2.7Mt and a maiden resource of 161Mt, while lithium operations at Wodgina and Mt Marion saw higher recoveries and production, supported by optimisation projects.
The miner also stands to rake in an additional $41 million purchase price adjustment from Hancock Prospecting following Lockyer-6 certification.
Also adding to the result was a 31% rise in lithium prices to a weighted average quarterly realised price of US$849 per dry metric tonne (dmt).
Other highlights within today’s update included:
- Record iron ore shipments of 11.4 million wet metric tonnes (wmt).
- 8.6 million wmt shipped from Onslow Iron over the three months to 30 September.
- Total quarterly attributable spodumene production across both its operating sites of 137,000 dry metric tonnes (dmt) SC6.
- Lithium sales came in at 142,000 dmt SC6.
- Mining services segment, quarterly production volumes came in at 81 million tonnes, in line with the prior quarter.
- Capex in the quarter was around $400 million.
- Liquidity of $1.1 billion and net debt steady at $5.4 billion.
During the quarter, two additional Independent Non-Executive Directors, Lawrie Tremaine and Ross Carroll, were appointed to the board effective 7 July 2025.
Malcolm Bundey began the Board Chair role on 1 July 2025 after commencing as Non-Executive Director on 19 May 2025.
Commenting on today’s update, the miner’s managing director, Chris Ellison, told the market that the strong quarterly result underscores the company’s operational excellence.
“I’m proud of the dedication and expertise that has brought the project to consistent nameplate levels, showcasing the extraordinary capability of our people and the strength of our innovative pit-to-ship supply chain,” Ellison said.
The miner’s share price has been on a tear since April; however, it is still trading at under half its $96.41 it peaked at late January 2023.
Despite the share price falls earlier this year on the back of a plethora of bad news, including a crash in lithium prices, declining iron ore prices, poor financial results, operational issues and a series of corporate governance scandals, the stock appears to be well and truly in the road to redemption.
Mineral Resources' market cap is $9.3 billion; the share price is up 30% in one year and up 15% in the last week.
The stock is in a strong bullish trend, confirmed by multiple indicators.
Consensus is Hold.
Activeport jumps after launching inter-capital elastic network
Shares in Activeport Group (ASX: ATV) were trading 8.3% higher after the tech small cap announced the launch of an elastic inter-capital network service, integrated into its Global Edge network-as-a-service platform.
The elastic inter-capital network service is being launched in partnership with Titan Telecoms, a privately funded Australian telecommunications carrier specialising in high-bandwidth optical fibre connectivity solutions for businesses.
The service links Brisbane, Sunshine Coast, Sydney and Melbourne via Titan’s fibre network, offering enterprises, ISPs and managed operators scalable, pay-as-you-use connectivity.
The platform enables self-service provisioning with bandwidth on demand, adding a high-margin revenue layer to Global Edge.
The company has already secured its first orders for 100GB primary links between capitals, used as backup with instant scalability.
Commenting on today’s update, Activeport’s CEO Peter Christie told the market that the launch of an elastic inter-capital network service strengthens its positioning in the growing market for automated, on-demand inter-city networking driven by cloud, AI and digital transformation.
“We are continuing the rollout of new features on our Global Edge service until we have a comprehensive solution that meets the needs of all enterprise users” Christie said.
“Working with partners like Titan enables us to offer a NaaS solution with minimal capex and rapid deployment, delivering unmatched flexibility and value to our customers.”
Meanwhile, the company’s first quarter FY26 results were in line with expectations.
The Company received $4.68 million (gross) with further commitments of $4.49 million, making it fully funded and able to accelerate growth on all business fronts.
Activeport’s investor briefing this Friday is expected to provide insights into the company’s strategic direction and technological advancements.
To the uninitiated, Activeport develops software for telecommunications providers and data centre operators.
Its orchestration software enhances traditional network infrastructure by enabling self-service portals for automated service provisioning, accelerating new service deployment, and supporting flexible pay-per-use models.
Activeport’s solutions cover last mile, core network, data centre infrastructure, and GPUs for cloud gaming and AI.
Activeport Group has a market cap of $26 million; the share price is up 56% year to date and down 29% in the last month.
The stock has been trending higher over the long-term as evidenced by the positive slope of its 200-day moving average.
Additionally, the stochastic oscillator is oversold and highlights that the recent bearish activity, bringing the 5-day moving average beneath the 50-day moving average, is unsustainable.
Consensus does not cover this stock.
Coles slides after releasing major 1Q beat on Woolworths
Despite posting a 4.6% September quarter increase in supermarket same-store sales, in line with market expectations – a notable outperformance against Woolworths’ 1.6% growth – shares Coles (ASX: COL) fell 2.5% in afternoon trading.
Excluding tobacco, sales increased 7% in line with the company’s first-eight-weeks update.
Shelf inflation was 1.2% versus Woolworths’ -0.3%, while eCommerce penetration rose 2.4% year-on-year.
Reflecting ongoing structural and cyclical headwinds in the sector, liquor results were weaker, with same-store sales down 1.4% on broker expectations.
During the quarter, the group added two net supermarkets and closed three liquor stores, which implies around three net supermarket openings and one liquor closure per quarter.
Coles completed three supermarket renewals and 61 liquor renewals and aims to finish most remaining ‘Simply Liquorland’ conversions by year-end.
Commenting on today’s update, Coles Group CEO, Leah Weckert, told the market that supermarket sales growth over the quarter reflected the focus on value, quality and the customer experience.
“We continue to see positive results from our major transformation projects with availability reaching its highest levels since pre-COVID and eCommerce sales penetration reaching 13.3%. In Liquor, we made significant progress with our ‘Simply Liquorland’ banner simplification making our network more accessible to a broader audience and delivering a positive impact on sales,” she said.
Coles supermarket sales momentum appears to have continued into early 2Q26, and sales growth over the last five consecutive quarters bodes well for extended growth into FY27.
However, the market clearly remains wary of the stock in light of tougher competition later in the quarter as it cycles last year’s benefit from Woolworths’ industrial action.
Having recently received the odious moniker of ‘most mistrusted brand in Australia’ (along with Woolworths), Coles is clearly struggling to regain credibility with consumers.
The jury is also out on whether Coles can win the battle for sales over Christmas with Woolworths, with the latter having already lowered shelf prices and launched over 650 products for the holiday season.
“We have designed our Christmas range to cater for every taste and budget and we are continuing to focus on our omnichannel customer experience to enable customers to shop with ease either in store or online during this busy period,” Weckert noted.
At $22.07, the share price is currently up over 40% since slumping to $15.30 late November 2023.
Coles has a market cap $29.5 billion; the share price is up 24% in one year and down 6% in the last month.
The stock appears to be in a long-term uptrend, confirmed by multiple indicators.
Consensus is Moderate Buy.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
