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

Regtech company Kyckr (ASX:KYK) leapt to the top of the list this week, and if you follow small-caps (or read Stockhead’s coverage) you’d know why.

The share price ripped higher on Thursday after it was revealed tech luminary Richard White — founder of $11b company Wisetech Global (ASX:WTC) — had taken a cornerstone stake in the business with a 19.6 per cent shareholding.

The news capped a big quarter for Kyckr, which has signed up a number of global customers for its know-your-customer (KYC) compliance service since the start of July.

From a 2019 low of 3.2c at the end of June, the stock closed on Friday at 23.5c — a gain of 634 per cent.

Ghana-based gold explorer Azumah Resources (ASX:AZM) also joined the Hot Money list, after receiving a hostile takeover bid priced at a 100 per cent premium to the company’s share price on Thursday.

Azumah’s joint venture partner, WA-based mining fund Ibaera Capital, made the bid after disagreements with Azumah’s board over how to advance the joint project — a million ounce deposit in the Ghanian town of Wa.

Azumah’s initial response was to describe the offer as “highly opportunistic” in an environment of high gold prices.

It followed up by advising shareholders to take no action, noting that Ibaera had built up a stake in Azumah at prices of up to 3.7c per share — above its unsolicited bid of 2.8c.

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, September 20:

Code Name 14 Day RSI Price (2pm Friday) Market Cap
KYK KYCKR LTD 89.34 0.25 45.86M
ICQ ICAR ASIA LTD 85.79 0.3 112.47M
MPW MSL SOLUTIONS LTD 83.22 0.13 32.48M
VVA VIVA LEISURE LTD 82.93 2.05 105.20M
OPC OPTICOMM LTD 82.49 3.28 343.45M
AZM AZUMAH RESOURCES LTD 80.81 0.03 27.40M
ATC ALTECH CHEMICAL LTD 80.54 0.14 100.32M
AAR ANGLO AUSTRALIAN RESOURCES 80.1 0.08 29.28M
RDF REDFLEX HOLDINGS LTD 79.15 0.55 83.67M
AGS ALLIANCE RESOURCES LTD 78.96 0.14 21.57M
TML TIMAH RESOURCES LTD 78.8 0.07 6.28M
GSW GETSWIFT LTD 78.57 0.71 120.66M
CCA CHANGE FINANCIAL LTD 78.37 0.14 12.36M
BET BETMAKERS TECHNOLOGY GROUP LTD 77.81 0.1 41.35M
QHL QUICKSTEP HOLDINGS LTD 77.05 0.13 92.34M
GSM GOLDEN STATE MINING LTD 76.59 0.12 4.40M
WHA WATTLE HEALTH AUSTRALIA LTD 75.86 0.53 87.53M
SRN SUREFIRE RESOURCES NL 75.69 0.01 6.04M
EUC EUROPEAN COBALT LTD 75.48 0.03 25.14M
VBS VECTUS BIOSYSTEMS LTD 75.29 0.68 15.90M
MTB MOUNT BURGESS MINING NL 75.04 0.01 3.12M
SIT SITE GROUP INTERNATIONAL LTD 74.51 0.07 55.67M
DGH DESANE GROUP HOLDINGS LTD 74.41 1.54 62.39M
ALK ALKANE RESOURCES LTD 74.3 0.76 341.61M
KZA KAZIA THERAPEUTICS LTD 74.23 0.53 31.39M
GDG GENERATION DEVELOPMENT GROUP 74.06 0.62 77.68M
PEA PACIFIC ENERGY LTD 74.02 1.09 465.02M
SAU SOUTHERN GOLD LTD 73.99 0.25 20.44M
PAR PARADIGM BIOPHARMACEUTICALS 73.81 2.27 404.00M
AGJ AGRICULTURAL LAND TRUST 73.65 0.06 5.85M
PPK PPK GROUP LTD 73.54 3.69 297.78M
TAO TAO COMMODITIES LTD 73.53 0.13 4.03M
RCE RECCE PHARMACEUTICALS LTD 73.46 0.3 30.00M
WGB WAM GLOBAL LTD 72.99 2.15 404.17M
EAR ECHO RESOURCES LTD 72.98 0.33 233.26M
EVS ENVIROSUITE LTD 72.96 0.28 114.61M
SES SECOS GROUP LTD 72.81 0.08 29.40M
PAC PACIFIC CURRENT GROUP LTD 72.42 6.32 297.76M
LBL LASERBOND LTD 72.15 0.81 72.80M
AMS ATOMOS LTD 72.12 1.71 273.47M
RFN REFFIND LTD 71.82 0.004 2.56M
CDD CARDNO LTD 71.63 1.1 488.70M
PCK PAINCHEK LTD 71.53 0.34 325.11M
TTB TOTAL BRAIN LTD 71.44 0.06 46.66M
WEL WINCHESTER ENERGY LTD 71.28 0.08 39.29M
DRE DREADNOUGHT RESOURCES LTD 71.24 0.01 10.26M
IVE ISHARES MSCI ETF 71.23 96.95 349.39M
RUL RPMGLOBAL HOLDINGS LTD 71.1 0.77 166.65M
AQX ALICE QUEEN LTD 70.97 0.03 13.75M
GPR GEOPACIFIC RESOURCES LTD 70.7 0.03 91.05M
ALC ALCIDION GROUP LTD 70.69 0.26 220.23M
SYI SPDR MSCI AUS SELECT DVD 70.67 30.79 153.46M
FIJ FIJI KAVA LTD 70.65 0.1 6.27M
RYD RYDER CAPITAL LTD 70.59 1.48 75.42M
TNR TORIAN RESOURCES LTD 70.49 0.02 5.05M
SWTZ SWITZER DIVIDEND GROWTH FD 70.47 2.62 74.41M
CTM CENTAURUS METALS LTD 70.43 0.01 47.37M
WHF WHITEFIELD LTD 70.31 5.01 415.12M

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, September 20:

Code Name 14 Day RSI Price (2:00pm Friday) Market Cap
HLA HEALTHIA LTD 29.78 0.87 54.84M
PGM PLATINA RESOURCES LTD 29.69 0.03 7.92M
MLL MALI LITHIUM LTD 29.61 0.08 21.95M
N1H N1 HOLDINGS LTD 28.97 0.05 3.67M
AQC AUSTRALIAN PACIFIC COAL LTD 28.93 0.23 11.11M
TGO TRIMANTIUM GROWTHOPS LTD 28.82 0.3 41.69M
KIN KIN MINING NL 28.62 0.04 19.33M
LPE LOCALITY PLANNING ENERGY HOLDINGS 28.3 0.67 33.39M
DNA DONACO INTL LTD 28.12 0.06 49.42M
CSE COPPER STRIKE LTD 27.42 0.04 4.49M
PRT PRIME MEDIA GROUP LTD 26.82 0.17 60.44M
IGE INTEGRATED GREEN ENERGY SOLUTIONS 26.75 0.11 41.36M
BIQ BUILDINGIQ INC 26.67 0.03 10.18M
SIL SMILES INCLUSIVE LTD 26.04 0.04 4.26M
CMP COMPUMEDICS LTD 25.93 0.54 102.75M
BMG BMG RESOURCES LTD 25.85 0.01 6.90M
WHK WHITEHAWK LTD 25.5 0.07 11.37M
MCM MC MINING LTD 25.28 0.51 72.55M
ARC AUSTRALIAN RURAL CAPITAL LTD 25.12 0.33 4.13M
GO2 GO2 PEOPLE LTD 24.19 0.04 4.13M
SF1 STEMIFY LTD 23.83 0.03 3.80M
SVS SUNVEST CORPORATION LIMITED 23.43 0.19 3.04M
IGN IGNITE LTD 23.3 0.04 3.14M
LHB LIONHUB GROUP LTD 23.1 0.005 4.13M
BEL BENTLEY CAPITAL LTD 22.49 0.06 6.47M
AYS AMAYSIM AUSTRALIA LTD 21.5 0.38 115.09M
CRO CIRRALTO LTD 20.58 0.01 5.28M
RMT RMA ENERGY LTD 20.0 0.001 2.10M
8VI 8VIC HOLDINGS LTD 18.08 0.2 8.11M
GMV G MEDICAL INNOVATION HOLDINGS 17.9 0.08 32.70M
EMB EMBELTON LTD 17.75 9.81 21.17M
MHI MERCHANT HOUSE INTL LTD 17.64 0.07 6.22M
8EC 8IP EMERGING COS LTD 6.0 0.08 29.33M