Azzet reports on three ASX stocks with price moving updates today.
True North Copper soars after extending Mt Oxide copper strike past 500 metres ~
Shares in True North Copper (ASX: TNC) were up 15.8% by 1:50 pm AEDT (2:50 am GMT) after the small cap explorer revealed a new copper-cobalt-silver system, which it described as having “great grade, real scale, and growth potential” at the Mt Oxide Project in Queensland.
The miner is planning further drilling at the Acanthis and Apollo trends after receiving assay results, which demonstrated drill-holes extending the mineralised system 400 metres to the north.
Management believes the copper-silver-cobalt mineralisation extension to more than 500 metres along the Aquilla Trend - with first assay results pending from the program – reinforces Mt Oxide’s potential as a major new copper-cobalt-silver system.
Commenting on today’s update, CEO Andrew Mooney told the market that “while these results give us confidence to start thinking about what project development at Mt Oxide could look like in future, our priority remains on realising the full exploration potential”.
Assays included 103 metres at 0.53% copper and 0.1% cobalt, and 72 metres at 0.55% copper and 0.16% cobalt, with higher-grade intervals exceeding 1.5% copper.
The discovery remains open along strike and at depth, and further results are pending from both northern and southern holes.
Further results from holes completed to the south are pending and are expected to extend the defined mineralisation to 900 metres from north to south.
Assay results from these additional holes along 900 metres of the 1.3km-long Aquilla Trend will be reported as they are received through this month.
It’s understood that the Mt Oxide Project contains a resource estimate of 220,000 tonnes of copper, 5.13 million ounces of silver, and 21,200 tonnes of cobalt.
Focused on growing Queensland’s next major copper resource, True North expects to transform from small-scale producer into one of Queensland’s most promising explorers.
Much of that ambition follows the recent refocus from small-scale production at the Cloncurry copper project, to include large-scale exploration across its extensive lease packages within the historical Cloncurry district, plus its green-fields Mt Oxide project north of Mt Isa.
The project hasn’t been systematically explored for the past 20 years despite its location in the Mt Isa Inlier, just 20km to the south of 29Metals’ (ASX: 29M) processing facility at Capricorn Copper.
True North remains in a strong financial position, with $8.2 million in cash as at 30 September 2025, providing the foundation to advance its multi-stage growth strategy – driving near-term production readiness at Cloncurry, resource expansion at Mt Oxide, and regional discovery growth across its Tier 1 exploration targets.
Last week, Andrew Mooney told the market the miner was entering the December quarter with solid momentum and a clear focus on delivery.
“Our strategic direction advances with key growth programs underway at Cloncurry, Mt Oxide and across our regional targets,” he said.
“I’ve been continually impressed by our team and the progress they’ve made this year has strengthened our understanding of the potential this Tier 1 jurisdiction has for the Company, our stakeholders and shareholders.”
True North Copper has a market cap of $40 million; the share price is up 950% in one year and up 12.5% in the last week.
The stock’s shares appear to be weak with little demand from investors.
The 200-day moving average is downward sloping, and the recent price action has also been weak.
Consensus does not cover this stock.
City Chic rallies on positive FY26 trading update
Shares in City Chic Collective (ASX: CCX) were trading 8.8% after the small cap global omni-channel retailer's FY26 update gave the market lots to like after weathering the impact of the tariff-related uncertainty earlier in the year.
The group’s first 18 weeks of FY26 showed that it was trading ahead of plan.
Australia-NZ sales increased 10% on the previous period, offsetting a 21.1% decline in the U.S, while total revenue rose 2.6% on the previous year and gross margins remained in line with expectations.
What the market took from today’s update is that the business is on track to be operating cash flow positive for FY26.
City Chic ended the period with $9.5 million in cash and $5 million undrawn on its $10 million debt facility.
Inventory levels are understood to be well-positioned for the critical Black Friday and Christmas trading periods in Australia-NZ, underpinning confidence in delivering FY26 results.
Commenting in today’s update, CEO Phil Ryan told the market that Australia-NZ performance reflects a strategic focus on high-value customers, improved product quality and cost discipline.
“The momentum in our ANZ business has continued to strengthen over the past 10 weeks, validating our strategic focus on our high value customers and the comprehensive improvements we’ve made to our product quality and customer appeal,” Ryan said.
“Margins are where they need to be, and costs are firmly under control.”
Ryan attributes the booming sales lift in AU/NZ to a product development overhaul over the past 12 months, with management implementing greater rigour across design and quality control.
In the U.S., City Chic maintained profitability despite tariff-related uncertainty, with direct-to-consumer sales down 9.8%, better than planned.
The company reduced winter product intake due to volatility but plans cautiously for the next summer season, supported by a stabilising trading environment.
Over the last 18 weeks, City Chic also opened two new stores under the refreshed store concept, at Mount Gravatt, Queensland and Highpoint, Victoria, with both said to be trading well.
City Chic Collective has a market cap of $33 million; the share price is down 35% in one year and up 7% in the last week.
The stock sentiment among investors has been weak, resulting in a bearish sloping 200-day moving average.
Consensus is Strong Buy.
G8 Education tanks after lowering FY25 guidance
Shares in G8 Education (ASX: GEM) were trading around 11.6% lower after the early childhood and care provider issued a negative trading update, which included a downgrade in full-year earnings guidance.
The company lowered its FY25 earnings guidance to $91-98 million after previously expecting flat earnings compared to FY24 at around $115 million.
Revised guidance is around 15% lower than the current consensus estimate of $110.9 million.
In addition to flagging ongoing challenges in its operating environment - with cost-of-living pressures compounding subdued occupancy and lower enquiry volumes – the company also cited higher costs associated with changes to the regulatory environment.
As a result of these headwinds, the expected seasonal increase in occupancy in October did not occur, and the trajectory for occupancy for the balance of the year is expected to be softer than previous comparable periods.
At the time of the update, spot occupancy was 67.0% (5.9% lower than pcp), and year-to-date occupancy was 65% (4.1% lower than pcp).
Fundamentals aside, the stock is still suffering from a number of recent scandals, not the least of which was failing to provide adequate supervision in the wake of revelations that it had hired an alleged paedophile.
Then there was the unorthodox $26 million deal on the line to sell centres to Genius Education, a venture whose subsequent collapse would strand staff and parents, and whose boss, Darren Misquitta, would later plead guilty to receiving suspected proceeds of crime unconnected to the child care industry.
Despite G8 knowing about problems, an ABC investigation revealed how the childcare giant downplayed concerns and maintained it had conducted checks.
G8 is Australia's biggest for-profit operator, running almost 400 centres under brands including Bambino's and Kindy Patch Kids.
Following recent scandals and today’s earnings downgrade, the stock is now down 44% to $0.707 since staging its most recent descent early May.
G8 Education has a market cap of $621 million; the share price is down 18% in the last month and down 16% in the last week.
The stock’s shares appear to be in a long-term bearish trend, 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.
