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Market Wrap Week 20: Capital Raisings Clash With Mining Rallies

11:34am on Saturday 16th of May, 2026 AEST MARKET NEWS
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Market Wrap Week 20: Capital Raisings Clash With Mining Rallies

11:34am on Saturday 16th of May, 2026 AEST
Key Points
  • SPC Global (ASX:SPG) slumped after a heavily discounted $100 million equity raising.
  • Argent Minerals (ASX:ARD) and Stelar Metals (ASX:SLB) jumped on strong resource and tungsten news.
  • Pacific Edge (ASX:PEB) surged as a draft Medicare coverage proposal lifted hopes for test reimbursement.
  • Resources stocks dominated the leaderboard, with gold, silver, tungsten and rare earth names active.
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