Hot Money Monday: The most in-demand stocks on the ASX right now
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Each Monday, Stockhead recaps which stocks are heavily demanded by investors – or running hot.
Stockhead uses the Relative Strength Index (RSI), a technical gauge which measures how trading momentum is affecting the price action.
A reading of 70 is seen as the level at which a company may have been overbought. If a stock has a reading of 30 or below, it could be undervalued.
Click here for the first edition of Hot Money, which includes a more detailed description of what the RSI does and how it’s used.
Here is this week’s list:
Despite having no news this month, High Peak Royalties (ASX:HPR) is the hottest stock. Unlike some of its peers, it won’t be getting a cash flow query from the ASX because it is cash flow positive. As its name suggests it is an investor rather than an explorer in its own right.
Warrego Energy (ASX:WGO) was also running hot as it continued its gas exploration campaign. Its managing director said recent results were very exciting.
McPhersons (ASX:MCP) and GBST Holdings (ASX:GBT) remained in demand, both releasing their annual results in the last fortnight.
Logistics company Chalmers (ASX:CHR) ran hot in the last fortnight as its acquisition loomed. In anticipation of this, the stock was suspended at the close of trading on Friday afternoon.
Code | Name | Price (1pm Friday) | 14 Day RSI | Market Cap |
---|---|---|---|---|
HPR | HIGH PEAK ROYALTIES LTD | 0.12 | 86.26 | 21.73M |
HRN | HORIZON GOLD LIMITED | 0.3 | 83.21 | 22.96M |
PEA | PACIFIC ENERGY LTD | 0.97 | 82.24 | 417.19M |
WGO | WARREGO ENERGY LTD | 0.2 | 81.57 | 121.88M |
AJL | AJ LUCAS GROUP LTD | 0.11 | 81.53 | 90.01M |
MCP | MCPHERSON'S LTD | 2.08 | 78.38 | 211.84M |
EGG | ENERO GROUP LTD | 1.8 | 77.83 | 155.80M |
CYL | CATALYST METALS LTD | 2.75 | 77.66 | 214.59M |
WLL | WELLCOM GROUP LTD | 6.82 | 76.83 | 269.50M |
RMX | RED MOUNTAIN MINING LTD | 0.01 | 76.78 | 4.67M |
CHR | CHALMERS LTD | 7.1 | 76.18 | 54.06M |
MOQ | MOQ LTD | 0.28 | 75.6 | 45.17M |
ARD | ARGENT MINERALS LTD | 0.03 | 75.21 | 13.49M |
RXM | REX MINERALS LTD | 0.09 | 75.09 | 25.56M |
SIT | SITE GROUP INTERNATIONAL LTD | 0.05 | 74.7 | 34.44M |
MTO | MOTORCYCLE HOLDINGS LTD | 1.65 | 74.69 | 102.12M |
TPC | TPC CONSOLIDATED LTD | 1 | 74.5 | 11.24M |
MEU | MARMOTA LTD | 0.03 | 73.85 | 19.13M |
DN8 | DREAMSCAPE NETWORKS LTD | 0.26 | 73.73 | 103.26M |
SKY | SKY METALS LTD | 0.1 | 73.65 | 26.74M |
KRR | KING RIVER RESOURCES LTD | 0.04 | 73.54 | 48.70M |
BCN | BEACON MINERALS LTD | 0.05 | 73.28 | 133.26M |
SPX | SPECTRUM METALS LTD | 0.1 | 73.03 | 133.01M |
RED | RED 5 LTD | 0.34 | 72.44 | 404.41M |
ADN | ANDROMEDA METALS LTD | 0.05 | 72.11 | 67.77M |
TRL | TANGA RESOURCES LTD | 0 | 72.09 | 5.09M |
GBT | GBST HOLDINGS LTD | 3.83 | 72 | 260.78M |
RHL | RURALCO HOLDINGS LTD | 4.34 | 71.91 | 456.98M |
RXP | RXP SERVICES LTD | 0.56 | 71.91 | 89.41M |
NTM | NTM GOLD LTD | 0.05 | 71.51 | 24.05M |
WAF | WEST AFRICAN RESOURCES LTD | 0.47 | 71.41 | 391.72M |
MRQ | MRG METALS LTD | 0.01 | 71.29 | 6.09M |
SVL | SILVER MINES LTD | 0.13 | 70.2 | 97.96M |
OKR | OKAPI RESOURCES LTD | 0.23 | 70.14 | 8.47M |
Lionhub (ASX:LHB) remained anchored to the bottom of the list. Just ahead of it was Australian Pacific Coal (ASX:AQC) which announced last week that a request for a five-year mine life extension was rejected.
Among new entrants, we noticed semiconductor play Bluglass (ASX:BLG) as the industry stagnates due to flat phone sales and slow EV take up.
Code | Name | Price (1pm Friday) | 14 Day RSI | Market Cap |
---|---|---|---|---|
S66 | STAR COMBO PHARMA LTD | 0.56 | 29.87 | 48.03M |
GMN | GOLD MOUNTAIN LTD | 0.05 | 29.64 | 27.49M |
TYM | TYMLEZ GROUP LTD | 0.07 | 29.59 | 9.15M |
TOU | TLOU ENERGY LTD | 0.08 | 29.5 | 37.36M |
SDI | SDI LTD | 0.75 | 29.44 | 86.77M |
PEX | PEEL MINING LTD | 0.25 | 29.23 | 59.47M |
BLG | BLUGLASS LTD | 0.12 | 29.07 | 50.21M |
KTD | KEYTONE DAIRY CORP LTD | 0.41 | 28.94 | 86.05M |
CAN | CANN GROUP LTD | 1.8 | 28.93 | 258.08M |
CXX | CRADLE RESOURCES LTD | 0.06 | 28.59 | 11.65M |
MLX | METALS X LTD | 0.18 | 28.27 | 124.03M |
TTT | TITOMIC LTD | 1.62 | 28.22 | 196.55M |
AML | AEON METALS LTD | 0.14 | 28.22 | 97.60M |
BKY | BERKELEY ENERGIA LTD | 0.23 | 28 | 60.74M |
BNO | BIONOMICS LTD | 0.04 | 27.97 | 19.61M |
EXP | EXPERIENCE CO LTD | 0.19 | 27.96 | 111.16M |
PNL | PARINGA RESOURCES LTD | 0.06 | 27.87 | 29.98M |
ED1 | EVANS DIXON LTD | 0.73 | 27.76 | 154.24M |
MAU | MAGNETIC RESOURCES NL | 0.38 | 27.65 | 72.73M |
NMT | NEOMETALS LTD | 0.18 | 27.65 | 98.00M |
XF1 | XREF LTD | 0.43 | 27.38 | 71.17M |
SLC | SUPERLOOP LTD | 0.83 | 27.31 | 217.84M |
ARQ | ARQ GROUP LTD | 0.61 | 27.04 | 73.28M |
CAQ | CAQ HOLDINGS LTD | 0.01 | 26.86 | 8.61M |
HRR | HERON RESOURCES LTD | 0.38 | 26.8 | 91.83M |
EZL | EUROZ LTD | 1.03 | 26.73 | 167.06M |
TRT | TODD RIVER RESOURCES LTD | 0.03 | 26.45 | 5.00M |
GRR | GRANGE RESOURCES LTD | 0.22 | 26.38 | 254.61M |
AON | APOLLO MINERALS LTD | 0.03 | 26.29 | 5.04M |
QTM | QUANTUM HEALTH GROUP LTD | 0.02 | 26.2 | 17.57M |
UUL | ULTIMA UNITED LTD | 0.03 | 26.19 | 733.14k |
IGN | IGNITE LTD | 0.04 | 25.11 | 3.76M |
RLE | REAL ENERGY CORP LTD | 0.02 | 25.01 | 7.69M |
ACF | ACROW FORMWORK AND CONSTRUCTION | 0.28 | 24.47 | 47.03M |
ARC | AUSTRALIAN RURAL CAPITAL LTD | 0.33 | 24.4 | 4.13M |
RNE | RENU ENERGY LTD | 0.03 | 24.17 | 3.30M |
LVH | LIVEHIRE LTD | 0.25 | 24.17 | 72.51M |
FDM | FREEDOM OIL AND GAS LTD | 0.01 | 23.57 | 11.85M |
RIC | RIDLEY CORP LTD | 0.98 | 23.24 | 305.03M |
BRL | BATHURST RESOURCES LTD | 0.1 | 23.09 | 165.58M |
WGN | WAGNERS HOLDING CO LTD | 1.5 | 23.05 | 233.99M |
GMV | G MEDICAL INNOVATION HOLDING | 0.13 | 22.98 | 49.91M |
CAP | CARPENTARIA RESOURCES LTD | 0.03 | 22.89 | 9.35M |
EXL | ELIXINOL GLOBAL LTD | 2.34 | 22.85 | 340.60M |
EMB | EMBELTON LTD | 10.5 | 22.41 | 22.66M |
MHI | MERCHANT HOUSE INTL LTD | 0.07 | 22.35 | 6.98M |
OMH | OM HOLDINGS LTD | 0.65 | 22.19 | 476.41M |
PRZ | PARAZERO LTD | 0.07 | 21.77 | 5.85M |
N1H | N1 HOLDINGS LTD | 0.04 | 21.49 | 2.85M |
CLH | COLLECTION HOUSE LTD | 1.13 | 20.7 | 154.60M |
AQC | AUSTRALIAN PACIFIC COAL LTD | 0.24 | 17.3 | 12.12M |
LHB | LIONHUB GROUP LTD | 0 | 16.77 | 4.13M |