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Market Highlights: Big Tech rally, buying stocks with large cash piles, and small caps to watch today
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Market Highlights: Oil, gold prices surge, AUD tumbles below US63c, and 5 ASX small caps to watch
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Dogs are capable of sniffing out coronavirus-infected people with an almost perfect success rate, according to a German university study.
Eight dogs from Germany’s armed forces were instructed to sniff out COVID-19 in the saliva of +1,000 healthy and infected people.
They achieved a 94 per cent success rate after just one week of training.
Trained dogs could be deployed to detect infections at places such as airports, border crossings and sporting events, according to the researchers.
The results of the study are “incredibly exciting”, Professor Holger Volk says.
“We have created a solid foundation for future studies to investigate what the dogs smell and whether they can also be used to differentiate between different times of illness or clinical phenotypes,” he says.
On Friday, both US and European share markets fell on rising China vs US tensions (which also prompted gold to punch up through $US1,900/oz for the first time in yonks).
Last week’s retreat in the US followed an unbelievable rally that took the S&P 500 up to ~5 per cent below its record high reached in February this year, Morningstar reports.
“The bellwether index is now near break-even for the year, while the Nasdaq has gained more than 15 per cent year-to-date,” it says.
Second-quarter earnings season charges ahead, with 128 S&P 500 companies having reported.
Of those, 80.5 per cent have cleared “a very low bar” of analyst expectations, according to Morningstar.
The ASX is currently bucking the negative trend, with the benchmark ASX200 edging up 0.2 per cent to 6,035.9 points in morning trade.
Swipe or scroll to reveal the full table. Click headings to sort.
CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
---|---|---|---|---|
LLO | Lion One Metals | 4.5 | 139.36% | $222.4M |
PNN | Pepinnini Minerals | 0.002 | 50.00% | $1.6M |
MLS | Metals Australia | 0.003 | 50.00% | $6.4M |
SI6 | Six Sigma Metals | 0.009 | 41.67% | $6.4M |
GTE | Great Western Exploration | 0.14 | 40.00% | $14.3M |
FPL | Fremont Petroleum | 0.004 | 33.33% | $8.5M |
OAR | Oakdale Resources | 0.004 | 33.33% | $5.6M |
CZL | Consolidated Zinc | 0.004 | 33.33% | $10.0M |
EQE | Equus Mining | 0.015 | 29.17% | $21.2M |
REX | Rex Minerals | 0.225 | 28.57% | $69.7M |
RMI | Resource Mining Corporation | 0.009 | 28.57% | $2.7M |
AME | Alto Metals | 0.091 | 28.17% | $27.0M |
GGE | Grand Gulf Energy | 0.005 | 25.00% | $1.9M |
IDZ | Indoor Skydive AUS Group | 0.005 | 25.00% | $1.7M |
CLZ | Classic Minerals | 0.003 | 25.00% | $19.8M |
ALT | Analytica | 0.003 | 25.00% | $3.5M |
AOA | Ausmon Resources | 0.005 | 25.00% | $3.2M |
CAD | Caeneus Minerals | 0.005 | 25.00% | $17.5M |
SFG | Seafarms | 0.07 | 22.81% | $161.1M |
AML | Aeon Metals | 0.135 | 22.73% | $91.5M |
Gold explorers are dominating the winners column today.
Fiji-focused gold explorer Lion One Metals (ASX:LLO) hit high-grade feeder zones at its Tuvatu gold project.
Intercepts, including 12.7m grading 46.14 grams per tonne (g/t) underneath the existing high-grade deposit, sent the stock up ~140 per cent in morning trade.
Other gold winners this morning included Metals Australia (ASX:MLS) +50 per cent, Great Western Exploration (ASX:GTE) +40 per cent, Equus Mining (EQE) +29 per cent, Rex Minerals (ASX:RXM) 28 per cent, and Alto Metals (ASX:AME) 28 per cent.
Swipe or scroll to reveal the full table. Click headings to sort.
CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
---|---|---|---|---|
GLA | Gladiator Resources | 0.001 | -33.33% | $2.0M |
VPR | Enerji | 0.001 | -33.33% | $18.3M |
QFY | Quantify Tech | 0.001 | -33.33% | $2.0M |
LCT | Living Cell Technologies | 0.012 | -20.00% | $6.9M |
MLS | Metals Australia | 0.002 | -20.00% | $6.4M |
IPT | Impact Minerals Ltd | 0.022 | -18.52% | $34.3M |
YOW | Yowie Group Ltd | 0.025 | -16.67% | $5.5M |
LI3 | Lithium Consolidated Mineral | 0.02 | -16.67% | $3.1M |
DTZ | Dotz Nano | 0.135 | -15.63% | $42.5M |
APH | Australian Primary Hemp | 0.11 | -15.38% | $7.7M |
RIM | Rimfire Pacific Mining NL | 0.006 | -14.29% | $9.5M |
PCK | PainChek | 0.12 | -14.29% | $126.3M |
SER | Strategic Energy Resources | 0.006 | -14.29% | $7.2M |
APV | AppsVillage Australia | 0.12 | -14.29% | $9.2M |
SCT | Scout Security | 0.081 | -13.83% | $9.7M |
MNS | Magnis Resources Ltd | 0.225 | -13.46% | $143.1M |
ADD | Adavale Resources Ltd | 0.013 | -13.33% | $2.2M |
CGO | CPT Global Ltd | 0.1 | -13.04% | $3.8M |
OSP | Osprey Medical Inc | 0.049 | -12.50% | $70.4M |
ECS Botanics (ASX:ECS) was down 20 per cent following a ~$850,000 cap raise, done at a 30 per cent discount to the last closing price.
Prescient Therapeutics (ASX:PTX) also fell after announcing a $6.5m raise at a 16 per cent discount to its last traded share price.