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:

Running Hot

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

Running Cold

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
At Stockhead we tell it like it is. While Warrego Energy is a Stockhead advertiser it did not sponsor this article.