Hydrogen Speculation and Takeovers Drive a Volatile Week on the ASX
11:32am on Saturday 24th of October, 2026 AEDT
Key Points
Prominence Energy (ASX:PRM) rose 100.00% after outlining 4,001 Bscf of potential natural hydrogen resources, although drilling and permits are still ahead.
RAS Technology (ASX:RTH) gained 85.19% after agreeing to a $49.8 million cash takeover by The Press Association.
Zip Co (ASX:ZIP) fell 32.72% despite reaffirming its FY27 target after a $10.1 million US fraud event and higher bad debts.
Takeover bids remained a major source of gains, with Cleanaway, Challenger, FleetPartners and Reef Casino also receiving offers.