Hot Money Monday: The most in-demand stocks on the ASX right now
News
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 have been could be oversold.
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:
Some of stocks on this list released annual earnings including Baby Bunting (ASX:BBN) and McPhersons (ASX:MCP).
But the hottest stock was AJ Lucas (ASX:AJL). A gas field in the UK which it had part-ownership of resumed fracking.
As if that was not good enough, the UK government set the record straight that it realised gas was an important energy source.
Biotech Race Oncology (ASX:RAC) has been surging because of a major investor buying into the company.
This company is undertaking clinical trials against a rare cancer utilising a drug that had been ‘forgotten’ in a big pharma merger.
Warrego Energy (ASX:WGO) continued to excite investors with its gas exploration in the Perth Basin.
Bowen Coking Coal (ASX:BCB) announced a 67 per cent increase in its JORC resource estimate and it has also been running hot in the last fortnight.
Code | Name | 14 Day RSI | Price (12.30pm Friday) | Market Cap |
---|---|---|---|---|
AJL | AJ LUCAS GROUP LTD | 91.44 | 0.25 | 187.52M |
MCP | MCPHERSON'S LTD | 84.88 | 2.15 | 231.00M |
CAZ | CAZALY RESOURCES LTD | 83.28 | 0.05 | 13.82M |
HRN | HORIZON GOLD LIMITED | 82.84 | 0.35 | 25.26M |
SIT | SITE GROUP INTERNATIONAL LTD | 81.39 | 0.05 | 39.20M |
BC8 | BLACK CAT SYNDICATE LTD | 80.96 | 0.56 | 40.71M |
ENN | ELANOR INVESTOR GROUP | 80.74 | 2.3 | 229.59M |
PEA | PACIFIC ENERGY LTD | 80.22 | 0.97 | 417.19M |
HE8 | HELIOS ENERGY LTD | 79.9 | 0.24 | 336.75M |
GSW | GETSWIFT LTD | 79.65 | 0.31 | 57.50M |
AGS | ALLIANCE RESOURCES LTD | 78.96 | 0.14 | 21.43M |
BBN | BABY BUNTING GROUP LTD | 78.15 | 3.02 | 379.32M |
TML | TIMAH RESOURCES LTD | 77.32 | 0.06 | 5.82M |
BTC | BTC HEALTH LTD | 76.96 | 0.14 | 35.55M |
SPX | SPECTRUM METALS LTD | 76.79 | 0.1 | 145.48M |
HPR | HIGH PEAK ROYALTIES LTD | 76.77 | 0.12 | 21.73M |
MTO | MOTORCYCLE HOLDINGS LTD | 76.64 | 1.78 | 109.84M |
WLL | WELLCOM GROUP LTD | 76.6 | 6.82 | 269.90M |
RAC | RACE ONCOLOGY LTD | 76.43 | 0.1 | 9.38M |
CUL | CULLEN RESOURCES LTD | 76.38 | 0.02 | 3.05M |
BSA | BSA LTD | 76.23 | 0.38 | 162.87M |
MEI | METEORIC RESOURCES NL | 76.01 | 0.05 | 47.88M |
S2R | S2 RESOURCES LTD | 75.75 | 0.19 | 49.58M |
MOQ | MOQ LTD | 75.6 | 0.28 | 45.17M |
RMC | RESIMAC GROUP LTD | 74.84 | 0.82 | 334.78M |
BCB | BOWEN COKING COAL LTD | 74.46 | 0.07 | 49.91M |
ADN | ANDROMEDA METALS LTD | 74.19 | 0.07 | 85.41M |
DN8 | DREAMSCAPE NETWORKS LTD | 73.73 | 0.26 | 103.26M |
OKR | OKAPI RESOURCES LTD | 73.1 | 0.25 | 9.01M |
CTP | CENTRAL PETROLEUM LTD | 72.95 | 0.19 | 135.54M |
MSE | METALSEARCH LTD | 72.72 | 0.02 | 8.66M |
NVA | NOVA MINERALS LTD | 72.35 | 0.05 | 49.00M |
AWV | ANOVA METALS LTD | 72.21 | 0.01 | 9.59M |
TRL | TANGA RESOURCES LTD | 72.09 | 0.004 | 5.09M |
ISD | ISENTIA GROUP LTD | 71.61 | 0.37 | 62.00M |
FRX | FLEXIROAM LTD | 71.53 | 0.05 | 11.86M |
CAT | CATAPULT GROUP INTERNATIONAL | 71.37 | 1.43 | 276.80M |
RXM | REX MINERALS LTD | 71.04 | 0.09 | 27.88M |
RED | RED 5 LTD | 70.99 | 0.32 | 416.85M |
BSX | BLACKSTONE MINERALS LTD | 70.57 | 0.15 | 23.34M |
NAG | NAGAMBIE RESOURCES LTD | 70.47 | 0.06 | 27.12M |
AKG | ACADEMIES AUSTRALASIA GROUP | 70.38 | 0.52 | 66.36M |
WGO | WARREGO ENERGY LTD | 70.26 | 0.19 | 122.50M |
APG | AUSTPAC RESOURCES NL | 70.22 | 0.002 | 5.82M |
LPI | LITHIUM POWER INTERNATIONAL | 70.18 | 0.41 | 112.88M |
The coldest stock was 8IP (ASX:8EC) as it undertook its asset sale and distribution plan.
Monash IVF (ASX:MVF) began to run cold mid-last week after five doctors who referred their patients to the company would not anymore because they were setting up their own shop.
Australian Pacific Coal (ASX:AQC) was heavily sold after it was denied a five-year extension to its coal mine.
Casino operator Donaco (ASX:DNA) had another legal setback in Cambodia, placing it on this fortnight’s running cold list.
Code | Name | 14 Day RSI | Price (12.30pm Friday) | Market Cap |
---|---|---|---|---|
IPB | IPB PETROLEUM LTD | 29.9 | 0.02 | 4.61M |
ICT | ICOLLEGE LTD | 29.66 | 0.06 | 31.02M |
ISU | ISELECT LTD | 29.5 | 0.57 | 126.09M |
GRR | GRANGE RESOURCES LTD | 29.45 | 0.22 | 254.61M |
EXP | EXPERIENCE CO LTD | 29.19 | 0.19 | 108.38M |
ENE | ENEVIS LTD | 29.16 | 0.14 | 9.99M |
SVS | SUNVEST CORPORATION LIMITED | 29.16 | 0.21 | 3.04M |
YOJ | YOJEE LTD | 29.04 | 0.07 | 61.02M |
PCG | PENGANA CAPITAL GROUP LTD | 29 | 1.36 | 139.94M |
SYR | SYRAH RESOURCES LTD | 28.81 | 0.7 | 287.30M |
RNE | RENU ENERGY LTD | 28.78 | 0.03 | 3.30M |
AON | APOLLO MINERALS LTD | 28.71 | 0.03 | 5.04M |
14D | 1414 DEGREES LTD | 28.58 | 0.25 | 40.51M |
EHH | EAGLE HEALTH HOLDINGS LTD | 28.31 | 0.2 | 64.72M |
STM | SUNSTONE METALS LTD | 28.28 | 0.03 | 29.39M |
CXX | CRADLE RESOURCES LTD | 28.23 | 0.06 | 11.10M |
SFL | SPRING FG LTD | 28.06 | 0.03 | 3.85M |
PSZ | PS&C LTD | 28 | 0.05 | 11.59M |
IGN | IGNITE LTD | 27.87 | 0.04 | 3.85M |
REF | REVERSE CORP LTD | 27.65 | 0.01 | 1.11M |
DTZ | DOTZ NANO LTD | 27.52 | 0.05 | 11.71M |
SVA | SIMAVITA LTD-CDI | 27.39 | 0.01 | 3.34M |
MMM | MARLEY SPOON AG-CDI | 27.22 | 0.47 | 69.87M |
RVR | RED RIVER RESOURCES LTD | 27.2 | 0.16 | 76.06M |
HRR | HERON RESOURCES LTD | 26.8 | 0.38 | 91.83M |
ECG | ECARGO HOLDINGS LTD | 26.34 | 0.05 | 27.69M |
QTM | QUANTUM HEALTH GROUP LTD | 26.2 | 0.02 | 17.57M |
UUL | ULTIMA UNITED LTD | 26.19 | 0.03 | 733.14k |
LHB | LIONHUB GROUP LTD | 26.01 | 0.01 | 4.96M |
BAT | BATTERY MINERALS LTD | 25.9 | 0.01 | 11.86M |
BID | BIDENERGY LTD | 25.64 | 0.49 | 56.58M |
CAQ | CAQ HOLDINGS LTD | 25.4 | 0.01 | 6.46M |
ARQ | ARQ GROUP LTD | 24.8 | 0.57 | 69.61M |
DNA | DONACO INTL LTD | 24.45 | 0.08 | 60.12M |
NZC | NZURI COPPER LTD | 24.21 | 0.29 | 85.81M |
MLL | MALI LITHIUM LTD | 24.19 | 0.09 | 23.81M |
ARC | AUSTRALIAN RURAL CAPITAL LTD | 24.17 | 0.33 | 4.13M |
S66 | STAR COMBO PHARMA LTD | 24.02 | 0.46 | 39.81M |
NMT | NEOMETALS LTD | 23.86 | 0.18 | 95.28M |
MLX | METALS X LTD | 23.3 | 0.17 | 113.69M |
CLH | COLLECTION HOUSE LTD | 23.08 | 1.12 | 153.21M |
AQC | AUSTRALIAN PACIFIC COAL LTD | 23.02 | 0.25 | 12.62M |
VRT | VIRTUS HEALTH LTD | 22.52 | 4 | 320.75M |
SGLLV | RICEGROWERS LIMITED | 22.45 | 4.2 | 250.60M |
MHI | MERCHANT HOUSE INTL LTD | 21.82 | 0.07 | 6.88M |
GMV | G MEDICAL INNOVATION HOLDING | 21.5 | 0.12 | 47.91M |
SF1 | STEMIFY LTD | 19.61 | 0.03 | 3.80M |
MVF | MONASH IVF GROUP LTD | 18.87 | 1.01 | 245.22M |
CAP | CARPENTARIA RESOURCES LTD | 18.53 | 0.03 | 8.25M |
8EC | 8IP EMERGING COS LTD | 9.4 | 0.31 | 29.33M |