Why Nuix, Resolute, Talga, and Vection shares are falling today

These ASX shares are in the red today…

| More on:
A man stands in front of a chart with an arrow going down and slaps his forehead in frustration.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It has been a great day for the S&P/ASX 200 Index (ASX: XJO. In afternoon trade, the benchmark index is up a sizeable 1.25% to 7,330.9 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Nuix Ltd (ASX: NXL)

The Nuix share price is down 11% to $2.27. This follows the release of a disappointing trading update from the investigative analytics and intelligence software company this morning. That update reveals the Nuix's revenue was up 10% during the first four months of FY 2022. However, a jump in costs means that Nuix's pro forma EBITDA has fallen 27% during the same period.

Resolute Mining Limited (ASX: RSG)

The Resolute share price is down 2.5% to 37 cents. This appears to have been driven by a shift back to risk assets, which is weighing on safe haven assets like gold miners. It isn't just Resolute falling today. The S&P/ASX All Ordinaries Gold index is down 0.7% at the time of writing.

Talga Group Ltd (ASX: TLG)

The Talga share price has tumbled almost 17% to $1.50. Investors have been selling the battery materials company's shares after a non-binding Letter of Intent executed with Mitsui & Co and Luossavaara-Kiirunavaraa Aktiebolag expired without a deal being signed. Talga advised that it will continue to pursue existing and new financing and partnership opportunities.

Vection Technologies Ltd (ASX: VR1)

The Vection Technologies share price has crashed 18% to 22.5 cents. This follows the completion of a $12 million equity raising this morning. Those funds were raised a 20 cents per new share, which represents a huge discount of 27% to its last close price. Vection intends to use the funds to support its expansion plans and strengthen its balance sheet. The company also revealed that its managing director is selling 15 million shares.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Nuix Pty Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Fallers

Bored man sitting at his desk with his laptop.
Share Fallers

Why Catalyst Metals, Duratec, Nufarm, and Rio Tinto shares are dropping today

These shares are ending the week in the red. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Dexus, Mayne Pharma, Nufarm, and Treasury Wine shares are falling today

These shares are having a tough session on Thursday. But why?

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why James Hardie, Mayne Pharma, Nufarm, and Resimac shares are falling today

These shares are having a tough time on hump day. But why?

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Kogan, Monash IVF, OFX, and ResMed shares are falling today

Why are these shares taking a tumble today? Let's find out.

Read more »

A young male investor wearing a white business shirt screams in frustration with his hands grasping his hair after ASX 200 shares fell rapidly today and appear to be heading into a stock market crash
Share Fallers

Why Appen, DroneShield, Gentrack, and New Hope shares are dropping today

These shares are starting the week in the red. But why?

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Dexus, Dusk, Fletcher Building, and Paladin Energy shares are falling today

These shares are ending the week in the red. But why?

Read more »

Couple look at a bottle of wine while trying to decide what to buy.
Consumer Staples & Discretionary Shares

Treasury Wine shares: Buy, hold, or sell? Here's Macquarie's take

What is Macquarie forecasting for Treasury Wine shares amid the CEO’s unexpected exit?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Newmont, NRW, Peet, and Treasury Wine shares are dropping today

Let's find out why investors are selling down these shares on Thursday.

Read more »