Rise and Shine: What you need to know before the ASX opens
News
On Stockhead today, why hydrogen’s probably not as clean as you think, the most in-demand stocks on the ASX right now, and six startup founders on the toughest questions investors ask.
But first:
With the RBA now expected to cut rates further in 2019, markets will look at Tuesday’s minutes from this month’s board meeting for any extra clues as to the central bank’s thinking.
Also this week, RBA governor Philip Lowe will give a speech on Thursday called “The labour market & spare capacity” (11:15 AEST).
As the global rates outlook readjusts, Wednesday night’s policy decision from the US Federal Reserve will also get plenty of attention.
The Aussie dollar will start the week back below US69 cents, after the greenback strengthened following a strong US retail sales report on Friday night.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Tuesday:
IntelliHR Holdings (ASX: IHR) – Capital raising
Southern Gold (ASX: SAU) – Capital raising
Ramelius Resources (ASX: RMS) – Capital raising.
Wednesday:
Prospect Resources (ASX: PSC) – Capital raising
Kore Potash (ASX: KP2) – Capital raising
Bard1 Life Sciences (ASX: BD1) – Capital raising
Xanadu Mines (ASX: XAM) – Capital raising.
Gold: $US1,341.33 ($1,951.42) -0.05%
Silver: $US14.87 -0.20%
Oil (Brent): $US62.01 +1.14%
Oil (WTI): $US52.51 +0.44%
Coal: $US73.00 -0.92%
Iron ore 62pc fe: $US104.33 -1.84%
AUD/USD: $US0.6874
There was plenty of chatter on Stockhead’s Facebook chat group, with members weighing in on our stories covering everything from gaming in Africa, big base metals discoveries in WA and Rachel Williamson’s piece running the numbers on what hydrogen can (and can’t) do.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Friday, June 14:
Close Top 5 #MostDiscussedStocks: $AUZ $GXY $PLS $BD1 $AVZ #asx #ausbiz https://t.co/xOFzWmkzay
— HotCopper (@HotCopper) June 15, 2019
Leading the way last week were Marquee Resources (ASX:MQR) and AustChina Holdings (ASX:AUH), which both posted weekly gains of at least 100 per cent.
Marquee shares raced ahead after the company announced it was acquiring Centenario Lithium, an Argentina-based explorer.
As part of the deal MQR said it will receive commitments for a capital raising of not less than $500,000 at 10c per share from the Centenario Lithium shareholders
Ticker | Name | Price last Friday | Price this Friday | % change | Market Cap |
---|---|---|---|---|---|
MQR | MARQUEE RESOURCES LIMITED | 0.063 | 0.130 | 107% | 2569658 |
AUH | AUSTCHINA HOLDINGS LTD | 0.005 | 0.010 | 100% | 3082924 |
EVE | EVE INVESTMENTS LTD | 0.007 | 0.010 | 50% | 9922681 |
FAM | FAMILY INSIGHTS GROUP LTD | 0.001 | 0.002 | 50% | 2591250 |
VPR | VOLT POWER GROUP LTD | 0.001 | 0.001 | 50% | 8545459 |
DDD | 3D RESOURCES LTD | 0.001 | 0.002 | 50% | 1147635 |
CUP | COUNTPLUS LTD | 0.501 | 0.740 | 48% | 52486977 |
ADR | ADHERIUM LTD | 0.021 | 0.030 | 43% | 4094392 |
KTE | K2 ENERGY LTD | 0.007 | 0.010 | 43% | 2077541 |
FGO | FLAMINGO AI LTD | 0.007 | 0.010 | 38% | 6966074 |
NAG | NAGAMBIE RESOURCES LTD | 0.036 | 0.050 | 38% | 14205692 |
ARU | ARAFURA RESOURCES LTD | 0.087 | 0.120 | 38% | 78292681 |
CLA | CELSIUS RESOURCES LTD | 0.044 | 0.060 | 35% | 30347785 |
AVW | AVIRA RESOURCES LTD | 0.003 | 0.004 | 33% | 2764000 |
DRE | DREADNOUGHT RESOURCES LTD | 0.002 | 0.003 | 33% | 3066607 |
CIO | CONNECTED IO LTD | 0.003 | 0.004 | 33% | 5011367 |
ARN | ALDORO RESOURCES LTD | 0.120 | 0.160 | 33% | 3927644 |
PSM | PENINSULA MINES LTD | 0.003 | 0.004 | 33% | 2744298 |
IS4 | I SYNERGY GROUP LIMITED | 0.150 | 0.200 | 33% | 25300008 |
XPE | XPED LTD | 0.001 | 0.002 | 33% | 2082440 |
PWN | PARKWAY MINERALS NL | 0.003 | 0.004 | 33% | 1681416 |
DAF | DISCOVERY AFRICA LTD | 0.008 | 0.010 | 33% | 1007393 |
GSM | GOLDEN STATE MINING LTD | 0.060 | 0.080 | 33% | 2003966 |
EQE | EQUUS MINING LTD | 0.008 | 0.010 | 33% | 4960146 |
OLI | OLIVER'S REAL FOOD LTD | 0.038 | 0.050 | 32% | 8662788 |
RGL | RIVERSGOLD LTD | 0.023 | 0.030 | 32% | 1576371 |
Three penny stocks trading below one cent lost half their value on no news.
And communications company Flexiroam (ASX: FRX), which provides data-roaming plans for mobile phone customers, has had enough — it wants to delist.
The company cited a number of factors in its decision, including low liquidity and the extra fees associated with maintaining a listed structure.
Ticker | Name | Price last Friday | Price this Friday | % change | Market Cap |
---|---|---|---|---|---|
CWX | CARAWINE RESOURCES LTD | 0.126 | 0.100 | -21% | 3665546 |
IDZ | INDOOR SKYDIVING AUSTRALIA G | 0.013 | 0.010 | -21% | 1416859 |
BNO | BIONOMICS LTD | 0.076 | 0.060 | -21% | 23711808 |
OLV | OTHERLEVELS HOLDINGS LIMITED | 0.013 | 0.010 | -21% | 2180282 |
NTI | NEUROTECH INTERNATIONAL LTD | 0.026 | 0.020 | -22% | 1688382 |
AVZ | AVZ MINERALS LTD | 0.077 | 0.060 | -22% | 88505428 |
GIB | GIBB RIVER DIAMONDS LTD | 0.039 | 0.030 | -22% | 3464829 |
AO2 | ASSETOWL LTD | 0.013 | 0.010 | -22% | 1457005 |
HCO | HYLEA METALS LTD | 0.013 | 0.010 | -24% | 899550 |
MLS | METALS AUSTRALIA LTD | 0.003 | 0.002 | -25% | 3034040 |
AAJ | ARUMA RESOURCES LTD | 0.004 | 0.003 | -25% | 1362819 |
SYT | SYNTONIC LTD | 0.004 | 0.003 | -25% | 6816620 |
RIM | RIMFIRE PACIFIC MINING NL | 0.005 | 0.004 | -25% | 2217318 |
GPP | GREENPOWER ENERGY LTD | 0.003 | 0.002 | -25% | 2014134 |
VTG | VITA GROUP LTD | 1.580 | 1.180 | -25% | 132185102 |
RFR | RAFAELLA RESOURCES LTD | 0.164 | 0.120 | -27% | 2891705 |
LHB | LIONHUB GROUP LTD | 0.007 | 0.005 | -29% | 2855038 |
AD2 | APPLYDIRECT LTD | 0.014 | 0.010 | -30% | 4119723 |
WLD | WELLARD LTD | 0.043 | 0.030 | -30% | 10278631 |
LRS | LATIN RESOURCES LTD | 0.001 | 0.001 | -33% | 2492731 |
UTR | ULTRACHARGE LTD | 0.004 | 0.003 | -33% | 1483412 |
FRX | FLEXIROAM LTD | 0.045 | 0.030 | -34% | 5520229 |
NES | NELSON RESOURCES LTD | 0.077 | 0.050 | -35% | 1606738 |
MTB | MOUNT BURGESS MINING NL | 0.004 | 0.002 | -50% | 657665 |
CYQ | CYCLIQ GROUP LTD | 0.006 | 0.003 | -50% | 671630 |
IAM | INTIGER GROUP LTD | 0.004 | 0.002 | -50% | 1159426 |