Azzet reports on three stocks with price moving updates today.
Webjet Group flails on mixed update ~
Shares in embattled Webjet Group (ASX: WJL) - not to be confused with Web Travel Group (ASX: WEB – down 5% today) – were trading around 4% higher at the open after the online travel agent told the market that CEO Katrina Barry would be exiting the business without a successor lined up to take her place.
However, today’s gains were short-lived, with the market clearly at odds with what Barry’s departure means for the stock, with the share price partially retracing gains to trade 1% higher by 2:15 pm AEDT (3:15 am GMT).
Barry’s resignation comes only five weeks after the exit of her deputy, Webjet online travel agency boss David Galt.
Today’s update appears to bring with it swings and roundabouts for investors.
On the one hand, Barry’s exit in May – after the release of full-year results - adds to the vacuum in leadership, which clearly is not good for the business.
However, there’s growing speculation that the current management vacuity creates an even more furtive environment for would-be acquirers to finally take the company out.
The stock has struggled since being decoupled from Web Travel Group in September 2024, with both stocks trading at a significant discount to their fair value.
Since 21 November 2025, the share price has bounced from $0.90 to $0.525 today.
Barry’s resignation follows legal action regarding her CV filed by Webjet's former chief legal counsel, Meaghan Simpson, who, in her claim for unfair dismissal, alleged she was fired for raising concerns about "irregularities" in Barry's resume.
However, the board has publicly defended her and stated they are "confident" in her leadership and the accuracy of her CV.
Meantime, the board has launched a search for a successor as the company navigates a volatile travel environment driven by the conflict in the Middle East.
The company noted that demand was holding up across domestic and short-haul routes in Asia and the Pacific.
Webjet reaffirmed its FY26 underlying EBITDA guidance of $28 million to $29 million, excluding its business travel arm, which is expected to modestly drag on second-half earnings.
While it’s currently unclear if any major shareholders have been agitating for Barry’s exit, the board's comments today appear to be at odds with her decision to leave.
“Over the past 21 months, we have made remarkable progress: setting a new five-year strategy and growth plan for the group, revitalising the iconic OTA brand and marketing strategy, driving profitability in the New Zealand business units, initiating evolution and enhancement of the technology and business travel platforms, and uplifting leadership capability,” the board said.
Meanwhile, the company reaffirmed its full-year FY26 guidance of underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) in the range of $28 million to $29 million.
That excludes the Webjet Business Travel segment, which is expected to reduce underlying EBITDA by $600,000 to $900,000 in the second half of FY 2026.
Webjet Group has a market cap of $206 million; the share price is down 40% year to date.
The stock’s shares appear to be in a long-term bearish trend, confirmed by multiple indicators.
Consensus is Moderate Buy.
Greatland Resources jumps on MRE update
Shares in Greatland Resources (ASX: GGP) – formerly Greatland Gold - were trading 8.9% higher after the large-cap gold/copper miner revealed a 150% increase in Telfer's gold Mineral Resources Estimate (MRE) - in the Paterson region of WA - to 8.0 million ounces.
Combined Telfer and Havieron resources - 45km from Telfer - now total 14.9 million ounces of gold and 645,000 tonnes of copper.
Commenting on today’s update, managing director Shaun Day said to the market that the miner’s updated December 2025 group MRE reflects a period of accelerated growth following significant new drilling since its last update.
Day believes the combined Telfer and Havieron potentially underpin a multi-decade, world-class mining hub.
Growth includes a high-grade maiden resource at the West Dome Underground project, which shows significant potential for a new mining front at Telfer and remains the focus of ongoing drilling.
“The scale of Telfer’s resource demonstrates clear potential to fully utilise our low cost 20 million tonne per annum processing infrastructure well into the future,” Day said.
“The technical team’s focus is now to advance our higher grade opportunities including the West Dome Underground and the potential to restart Main Dome Underground’s sub-level cave, which could augment our development of Havieron.”
Following the substantial increase in the total resource, Greatland plans to update the Telfer Ore Reserve Estimate in the June 2026 quarter.
The focus will shift to advancing higher-grade zones, such as the West Dome Underground and Main Dome sub-level cave.
An ongoing record drilling program is set to continue through the second half of FY26 into FY27, aiming to further grow and upgrade resources for potential development and long-term operation.
Key numbers announced today:
- Telfer Mineral Resource Estimate (MRE) rose by 4.8Moz to 8.0Moz (+150%) at a discovery cost of $5/oz
- Measured and Indicated Resource at Telfer up 163% to 3.8Moz gold
- Combined Telfer and Havieron resources now total 14.9Moz gold and 645kt copper
- Maiden West Dome Underground resource of 0.6Moz gold, with scope for further growth
- West Dome Open Pit resource increased 135% to 4.9Moz gold
- Record drilling campaign of 134,000m incorporated, with 100,000m-plus more planned for H2 FY26.
Greatland Resources has a market cap of $7 billion; the share price is up 58% in one year and down 24% in the last month.
Consensus is Hold.
Alcoa jumps on rising aluminium prices
Shares in Alcoa Corp (ASX: AAI) were trading 7.3% higher - outperforming the broader market - with the bauxite/alumina company benefiting from a sharp spike in global aluminium prices.
Aluminium prices jumped 5% in London following the revelation that two Middle Eastern aluminium producers were hit by Iranian attacks over the weekend as the conflict entered its fifth week.
It’s understood that closure of the Strait of Hormuz has halted metal shipments from Gulf producers, who account for approximately 9% of global supply.
According to Bloomberg reports, the region’s top producer, Emirates Global Aluminium (EGA), has sustained “significant damage” at its site in Abu Dhabi, while Aluminium Bahrain (Alba) said it was assessing the extent of damage to its facility.
It’s understood that Iran’s Islamic Revolutionary Guard Corps claimed to have targeted Alba and EGA in response to attacks on two Iranian steel plants.
Earlier this month, Alba suspended 19% of its production capacity due to supply-chain disruptions in the Strait of Hormuz.
The share price has more than doubled since trading at $46.08 21 August 2025, with the stock clearly benefitting from an institutional capital rotating out of high-tech stocks and into "hard asset" producers as a hedge against geopolitical instability and inflation.
Price increases aside, the company has entered FY26 with strong fundamentals, underpinned by the Alumina segment’s production increase 1% sequentially to 2.48 million metric tons, while third-party shipments of alumina also rose 5% sequentially in the fourth quarter.
Alumina production in 2026 is expected to be in the range of 9.7-9.9 million tons, while shipments are anticipated to be 11.8-12.0 million tons.
In August 2024, the company’s acquisition of Alumina Limited strengthened its position as one of the world’s largest bauxite and alumina producers.
The buyout is expected to provide Alcoa with long-term value creation due to greater financial and operational flexibility.
Based on recent reports from FNArena (as of March 2026), Alcoa has been subject to updated ratings and price targets following a volatile period involving restructuring in WA and the acquisition of Alumina Limited.
While the 200-day moving average is trending upwards and highlights long-term investor interest in the stock, the 5-day moving average is below the 20-day moving average.
Consensus is Moderate Buy.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
