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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, BHP is searching for something big under the Nullarbor, the Country Women’s Association has something to say about legal weed, and which miners are embracing the robot revolution?
But first:
The day ahead in data
It’s a quiet one locally, but there’s a monthly data dump out of China with the release of May figures for industrial product, fixed asset investment and retail sales.
Elsewhere, the US has May retail sales and industrial production along with the University of Michigan consumer sentiment survey.
Company news
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Friday:
Optiscan Imaging (ASX: OIL) – Capital raising
Domacom (ASX: DCL) – Capital raising
Artemis Resources (ASX: ARV) – Capital raising
Allegience Coal (ASX: AHQ) – Capital raising.
Monday:
IntelliHR Holdings (ASX: IHR) – Capital raising
Southern Gold (ASX: SAU) – Capital raising
Ramelius Resources (ASX: RMS) – Project updates.
Markets
Gold: $US1,342.53 ($1,941.43) +0.68%
Silver: $US14.92 +1.12%
Oil (Brent): $US61.23 +2.23%
Oil (WTI): $US52.29 +2.05%
Coal: $US73.68 +0.01%
Iron ore 62pc fe: $US$110.10 +3.3%
AUD/USD: $US0.6914 -0.01%
What got you talking yesterday
There were some differing opinions on the Stockhead group chat, in response to Angie East’s post on base metals covering Mincor’s (ASX: MCR) gold find.
“Pretty narrow hits and the depth is huge (416m) …. flog it off!“, group member Eric Frei said.
But David Evans was more positive. “MCR right on the edge of moving back into accumulation imo. maybe need a BGU with volume,” he said.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday:
Close Top 5 #MostDiscussedStocks: $AUZ $APT $EM1 $AVZ $LTR #asx #ausbiz https://t.co/xOFzWmkzay
— HotCopper (@HotCopper) June 13, 2019
Yesterday’s winners
While it wasn’t the fastest out of the blocks, lithium explorer Marquee Resources (ASX:MQR) won the day with a gain of 107.14 per cent to close at 9 cents.
MQR told the market it will acquire Lithium Power International, which holds seven leases in the Centenario Salar region of Northern Argentina forming part of the Lithium Triangle. As part of the deal, MQR also said it had received firm commitments to raise at least $500,000 at 10 cents per share.
Also doubling up was AustChina Holdings (ASX: AUH), which rose 100 per cent to four cents on no news.
Here are the best performing ASX small cap stocks for Thursday, June 13:
| Ticker | Name | Price | % Chg | Volume |
|---|---|---|---|---|
| MQR | Marquee Resources Ltd | 0.09 | +107.14% | 492.9k |
| AUH | AustChina Holdings Ltd | 0.004 | +100.00% | 3.3M |
| PGY | Pilot Energy Ltd | 0.01 | +55.56% | 548.9k |
| DDD | 3D Resources Ltd | 0.0015 | +50.00% | 250.0k |
| FAM | Family Insights Group Ltd | 0.0015 | +50.00% | 971.2k |
| MDX | Mindax Ltd | 0.003 | +50.00% | 1.0M |
| ARU | Arafura Resources Ltd | 0.14 | +45.00% | 51.3M |
| CUP | Countplus Ltd | 0.67 | +37.11% | 736.2k |
| CAD | Caeneus Minerals Ltd | 0.002 | +33.33% | 1.0M |
| CIO | Connected IO Ltd | 0.004 | +33.33% | 4.6M |
| CUX | Crossland Strategic Metals Ltd | 0.01 | +33.33% | 11.8M |
| DRE | Dreadnought Resources Ltd | 0.004 | +33.33% | 160.0k |
| SMI | Santana Minerals Ltd | 0.004 | +33.33% | 494.0k |
| VMG | VDM Group Ltd | 0.002 | +33.33% | 3.2M |
| XPE | Xped Ltd | 0.002 | +33.33% | 977.8k |
| GPR | Geopacific Resources Ltd | 0.01 | +27.27% | 2.1M |
| TNG | TNG Ltd | 0.13 | +26.26% | 5.8M |
| DME | Dome Gold Mines Ltd | 0.2 | +25.00% | 50.7k |
Yesterday’s losers
Here are the best performing ASX small cap stocks for Thursday, June 13:
| Ticker | Company | Price ($) | % Chg | Volume |
|---|---|---|---|---|
| FRX | Flexiroam Ltd | 0.03 | -34.00% | 16.1k |
| MTB | Mount Burgess Mining NL | 0.002 | -33.33% | 217.1k |
| LRS | Latin Resources Ltd | 0.001 | -33.33% | 1.1M |
| IAM | Intiger Group Ltd | 0.001 | -33.33% | 9.8M |
| RIM | Rimfire Pacific Mining NL | 0.003 | -25.00% | 750.0k |
| CAV | Carnavale Resources Ltd | 0.003 | -25.00% | 1.2M |
| AVE | Avecho Biotechnology Ltd | 0.003 | -25.00% | 359.4k |
| EM2 | Emerge Gaming Ltd | 0.02 | -22.22% | 52.9M |
| AO2 | AssetOwl Ltd | 0.01 | -22.22% | 247.5k |
| CXZ | Connexion Telematics Ltd | 0.01 | -21.43% | 466.0k |
| HGO | Hillgrove Resources Ltd | 0.07 | -20.43% | 1.5M |
| UTR | Ultracharge Ltd | 0.002 | -20.00% | 750.0k |
| SCL | Schrole Group Ltd | 0.01 | -20.00% | 2.6M |
| RFN | Reffind Ltd | 0.004 | -20.00% | 375.4k |
| IVO | Invigor Group Ltd | 0.004 | -20.00% | 150.0k |
| DTR | Dateline Resources Ltd | 0.002 | -20.00% | 1.3M |
| ALT | Analytica Ltd | 0.004 | -20.00% | 228.8k |
