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Why Bowen Coal, Droneshield, Mesoblast, and St Barbara shares are racing higher today

The article from MSN discusses the significant share price increases of several ASX-listed companies on a specific trading day. Bowen Coking Coal saw its shares rise by 12.5% after announcing a new $200 million funding facility, aimed at supporting its operations and expansion. Droneshield experienced a 10.5% surge in its stock value following the announcement of a $33 million contract to supply counter-drone technology to a European government. Mesoblast shares jumped 17.5% after receiving a positive recommendation from the FDA advisory committee for its cell therapy product, remestemcel-L, for treating children with steroid-refractory acute graft versus host disease. Lastly, St Barbara shares increased by 10.5% due to a favorable update on its financial restructuring, which included a $120 million equity raising to strengthen its balance sheet. These movements reflect investor confidence in the companies' strategic decisions and future prospects.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/why-bowen-coal-droneshield-mesoblast-and-st-barbara-shares-are-racing-higher-today/ar-AA1wxLlK ]