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ASX:SRL 3 March 2026

Sunrise Energy Metals share price slips after feasibility study update puts ASX:SRL back in play

Sunrise Energy Metals share price slips after feasibility study update puts ASX:SRL back in play

Sunrise Energy Metals shares fell 3.6% to A$7.69 after the company released a feasibility study update for its Syerston scandium project and trading resumed. The study put development capital at about US$120 million, with commercial production targeted for mid-2028. Investors await a funding package and a board decision expected in the second half of 2026. The stock is down 29% over the past week.

Stock Market Today

  • Heavy Machinery Stocks Q1 Performance: Astec's Mixed Results and Douglas Dynamics' Strong Quarter
    June 10, 2026, 3:26 PM EDT. Astec (NASDAQ:ASTE) reported Q1 revenues of $396.3 million, a 20.3% year-on-year increase and 0.8% above analyst estimates. However, it missed adjusted operating income expectations, leading to a 17.5% stock decline. CEO Jaco van der Merwe cited strong Materials Solutions sales offset by flat Infrastructure Solutions. The broader heavy machinery sector saw a 1.2% revenue beat overall with stable stock prices. Douglas Dynamics (NYSE:PLOW) led with a 19.8% revenue increase and exceeded earnings estimates, boosting its shares 3.3%. Economic cycles and factors like interest rates continue to influence the industry, impacting construction demand and equipment replacement cycles amid a gradual clean energy transition.

Latest articles

Honeywell Shares Slide as Investors Shift Ahead of Aerospace Spin Off and Investor Meeting

Honeywell Shares Slide as Investors Shift Ahead of Aerospace Spin Off and Investor Meeting

10 June 2026
Honeywell shares slid 3.6% to $207.93 as investors questioned the value of the company post-aerospace spin-off, with Barclays cutting its price target to $239 and Bernstein initiating coverage at Market Perform with a $233 target, citing weaker near-term cash flow and uncertainty over the benefits of the split ahead of the June 11 investor day and June 15 spin-off record date.
Pop Culture Group CPOP jumps on half-year results but rally tested

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10 June 2026
Pop Culture Group shares soared 378% to $1.72 after reporting half-year revenue up 65% to $68.9 million, driven by a 79% surge in digital entertainment, now 97% of sales, but thin 3% gross margin, net profit drop, Bitcoin-linked losses, and heavy reliance on share sales raise questions about sustainability amid repeated Nasdaq volatility halts.
Delta Shares Drop After Fuel Spike Jolts Airline Rally

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