Local stocks struggled for traction in Wednesday trade, as the major indexes drifted sideways following a weak lead out of the US.

Banks and energy stocks were up, offsetting falls in resources and consumer staples.

There were few major catalysts in the Asian session, as markets await US jobs data which is now viewed by some analysts as a key factoring influencing the pace at which the US Federal Reserve may tighten monetary policy.

Payrolls data from ADP will come out later tonight (AEST), which may give some clues ahead of all-important US employment figures this Friday.

TODAY’S BIGGEST WINNERS

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Code Name Price % Change Volume
ANL Amani Gold Ltd 0.002 100.0% 440,520,540
PAM Pan Asia Metals 0.505 53.0% 59,885,325
UUL Ultima Utd Ltd 0.62 47.6% 157,991
AUN Aurumin 0.235 42.4% 4,716,822
DLT Delta Drone Intl Ltd 0.034 30.8% 12,104,153
AWN AWN Holdings Limited 0.8 29.0% 469,410
BDX Bcaldiagnostics 0.205 28.1% 1,169,604
BIR BIR Financial Ltd 0.038 26.7% 1,906,499
LPD Lepidico Ltd 0.025 25.0% 94,183,104
ARO Astro Resources NL 0.005 25.0% 2,474,628
AVW Avira Resources Ltd 0.005 25.0% 12,520,860
CI1 Credit Intelligence 0.016 23.1% 9,944,488
MNB Minbos Resources Ltd 0.135 22.7% 12,480,576
AYM Australia United Min 0.011 22.2% 1,672,525
MEM Memphasys Ltd 0.072 22.0% 1,531,995
BUD Buddy Tech 0.0195 21.9% 27,584,313
AGH Althea Group 0.285 21.3% 2,900,001
ADV Ardiden Ltd 0.0145 20.8% 19,878,314
IPB IPB Petroleum Ltd 0.018 20.0% 628,110
RNX Renegade Exploration 0.006 20.0% 288,889
SHH Shree Minerals Ltd 0.012 20.0% 10,294,010
KNI Kunikolimited 3.24 19.1% 10,495,496
WFL Wellfully Limited 0.125 19.0% 12,570,294
TIG Tigers Realm Coal 0.013 18.2% 964,769
SPN Sparc Tech Ltd 0.69 17.9% 350,708

Another day on the ASX, another day when junior lithium plays with carbon-neutral ambitions rocket into orbit on no news.

Pan Asia Metals (ASX:PAM) continued that trend today, as investors continued to pile into the company which has plans to develop its ‘Kata Thong’ geothermal lithium project in Thailand by pumping deep geothermal brines to the surface.

Another big winner was property development company Ultima Ltd (ASX:UUL), which ripped higher by almost 50% following the release of its annual report this morning before going into a trading halt in afternoon trade, pending a further announcement.

In tech, IoT company Buddy Technologies (ASX:BUD) held its morning gains after executing on an entitlement offer in connection with a restructuring of its debt facility.

And pot stock Althea (ASX:AGH) joined the winner’s list after its subsidiary Peak Processing Solutions signed a binding US$3.42m product development agreement with a subsidiary of The Boston Beer Company to launch “a new range of nonalcoholic cannabis-infused beverages in Canada”.

TODAY’S BIGGEST LOSERS

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Code Name Price % Change Volume
PAL Palla Pharma Ltd 0.28 -26.3% 1,246,147
OEX Oilex Ltd 0.003 -25.0% 200,000
IVT Inventis Limited 0.12 -20.0% 36,243
SIT Site Group Int Ltd 0.008 -20.0% 798,437
T3D 333D Limited 0.002 -20.0% 1,414,764
DTI DTI Group Ltd 0.019 -17.4% 1,709,442
MRG Murray River Grp 0.2 -16.7% 92,248
NTL New Talisman Gold 0.0025 -16.7% 275,000
PNC Pioneer Credit Ltd 0.47 -14.5% 776,177
AOA Ausmon Resorces 0.006 -14.3% 505,869
HNR Hannans Ltd 0.006 -14.3% 1,230,000
TSC Twenty Seven Co. Ltd 0.003 -14.3% 605,527
RZI Raiz Invest Limited 1.715 -13.4% 1,440,352
BID Bill Identity Ltd 0.36 -13.3% 4,207,898
SRN Surefire Rescs NL 0.015 -11.8% 60,749,603
FMS Flinders Mines Ltd 0.78 -11.4% 3,120
JAL Jameson Resources 0.08 -11.1% 85,000
TER Terracom Ltd 0.16 -11.1% 4,160,671
MRD Mount Ridley Mines 0.004 -11.1% 6,889,796
TYM Tymlez Group 0.016 -11.1% 8,530,205
AEI Aeris Environmental 0.13 -10.3% 448,416
PPY Papyrus Australia 0.026 -10.3% 1,197,622
AD1 AD1 Holdings Limited 0.036 -10.0% 472,600
DXN DXN Limited 0.009 -10.0% 125,311
EDE Eden Inv Ltd 0.018 -10.0% 7,217,261

Palla Pharma Ltd (ASX:PAL), which manufactures opiates from poppy straw, fell sharply after announcing that it’s hopeful of receiving an extension for the lodgement date of its audited half-year accounts in accordance with ASX listing rules.

And fintech investment platform Raiz Invest (ASX:RZI) also dipped, after interests associated with CEO George Lucas which have a combined holding of more than 5% of Raiz shares filed a s249D notice to convene a meeting of shareholders to vote on the removal of three directors.

ANNOUNCEMENTS YOU MAY HAVE MISSED

Regional Express (ASX:REX) extended its services suspensions and stand downs until aft least October 10. The company said it remained optimistic demand would be strong post lockwowns and was committed to bring ready to respond when flying resumes.

Memphasys (ASX:MEM) reached an agreement with Hydrix (ASX:HYD) over an engineering flaw with its sperm sorter Felix device. Hydrix has aged to pay $500,000 in re-imbursements of costs as well as 1 million of its own shares.

Kip McGrath (ASX:KME) announced it was buying a 70% in US tutoring business Tutorfly. It will pay US$500,000 and says the move will provide a launch pad to open centres in the USA.

iSignthis (ASX:ISX) just might have found its way to trade again. The company announced plans to demerge its European subsidiary (ISX Financial EU) and list it on a European exchange.

Lung imaging tech company 4D Medical (ASX:4DX), revealed its imaging platform had been in initial testing with Australia’s largest medical imaging network I-MED Radiology. I-MED has now agreed to expand its use to the remainder of this year.

TRADING HALTS

Thursday

Dragontail Systems (ASX:DTS) – acquisition update
88 Energy (ASX:88E) – capital raising
Conico (ASX:CNJ) – drill program

Friday 
 
Ultima United (ASX:UUL) – price query
Structural Monitoring Systems (ASX:SMN) – acquisition
Mosaic Brands (ASX:MOZ) – capital raising
Plexure (ASX:PX1) – capital raising