VIDEO: 3 big movers 11th April, 2022; ResApp soared 22% on $100m takeover offer from Pfizer

The Australian market closed Monday?s session just 7.2 points higher at 7485.20 points as a rally for gold mining stocks offset a sell-off in technology stocks.

The stocks that made headlines today were:

ResApp as the digital healthcare solutions company soared 22% today after US-biotech giant Pfizer made a $100m takeover bid for the company. The board of ResApp unanimously recommends that ResApp shareholders vote in favour of the scheme.

Lake Resources jumped 10% today after the lithium explorer announced an offtake of approximately 25,000 tonnes per year of lithium from the Kachi Project has been signed in a non-binding memorandum of understanding with Ford Motor Company. The agreement enhances Ford?s progress to source deeper into the battery supply chain and fully develop a clean lithium supply chain to meet global environmental demands for electric vehicles.

And The A2 Milk Company fell 5% today following the release of a broker note out of Credit Suisse cutting its price target for A2 Milk by 10% to $5.15/share, as the analyst anticipates lockdowns in China may cause a reduction in birth rates which could lead to lower demand for A2 Milk?s infant formula products.