Pentanet leads HotCopper trends after 60% jump

HotCopper draws more than 600,000 average monthly users, and Monday's most-discussed name was Pentanet (ASX:5GG). The digital infrastructure stock rose 60% to 2.4 cents in morning trade after the company published an FY26 business update. Codrus Minerals (ASX:CDR) and Hamelin Gold (ASX:HMG) also drew heavy traffic.

Pentanet said group revenue rose 8% from the prior corresponding period to $24.4 million, and group EBITDA rose 74% to $2.4 million. The company told shareholders that higher gaming hardware prices have improved the value proposition for premium cloud gaming through CloudGG versus individual hardware ownership. Managing Director Stephen Cornish said the NVIDIA relationship is becoming more strategically important. Pentanet is a GeForce NOW Alliance Partner in Australia and New Zealand, and CloudGG runs on NVIDIA GPUs. Pentanet also owns one of Australia's largest clusters of high-powered NVIDIA gaming GPUs, and Alliance Partner status gives it access to NVIDIA GPU infrastructure upgrades.

NVIDIA (NVDA) shares traded at $200.75, up 2.93%; the stock carries an Alpha Score of 72 (Moderate) on AlphaScala's NVDA stock page.

Codrus Minerals jumped after agreeing to acquire two exploration assets in Queensland and Peru, a move that expands the company into copper and molybdenum. The Australian project, Copperhole Creek, covers an exploration permit of about 62 square kilometres and sits roughly 300 kilometres from Townsville and Cairns. Historical results there have not been followed up with modern exploration techniques, the company said. The Peruvian asset, Tiquihua, is a mining concession of about 100 hectares that has seen small artisanal work and is considered prospective for molybdenum and copper, with broader critical minerals potential. Codrus has received firm commitments from a range of investors to raise up to $2.5 million via a two-tranche, non-underwritten placement.

Hamelin Gold rounded out the day's movers after reporting further high-grade gold results from its maiden reverse circulation (RC) drill program at the Day Dawn project in the Paterson Province of Western Australia. The drilling defined two distinct high-grade lode positions at the Aurora prospect. New results from Altus, about 50 metres southeast of Aurora, confirmed reef-style gold mineralisation that remains unconstrained.

Managing Director Peter Bewick said the results are "a major step forward" in understanding the Day Dawn system. "What initially appeared to be a pair of steeply dipping high-grade lodes is now developing into a broader mineralised corridor containing multiple gold-bearing structures," he said. Bewick said diamond drilling is planned to test the system at depth and that Day Dawn could "rapidly evolve into a significant new gold discovery."

The broader market was lower. The S&P/ASX 200 fell 17.2 points, or 0.19%, on Monday. Elevra Lithium (ASX:ELV) was the biggest laggard, down 6.37%, and Iperionx (ASX:IPX) fell 3.28%. The index is 2.64% below its 52-week high and has gained 0.74% over the past five sessions.

Beyond the daily movers, Andrew Timbers and Nicholas Smith, co-heads of metals and mining in the Americas at Goldman Sachs (GS) Global Banking & Markets, said copper, lithium, tungsten, antimony and rare earths are critical to the technologies driving electric vehicles and AI. Demand, they said, is pulling in M&A and IPO activity alongside U.S. government investment aimed at closing the gap with China. "Critical minerals now sit at the intersection of electrification, AI-driven power demand, and supply-chain security," Timbers said.