Hot Money Monday: These are the most in-demand stocks on the ASX right now
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Each Monday, Stockhead recaps which stocks are most heavily in demand by investors — running hot.
The analysis is based on 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 a more detailed rundown of what the RSI does and how it’s used. While there’s usually a pretty good reason if a given stock is running hot (or cold), investors are also on the lookout for opportunities where the price-action has separated from fundamentals.
Here’s a summary of the stocks that were running hot for the two weeks ended Friday, May 29:
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price | 2 Week RSI | Market Cap ($) |
---|---|---|---|---|
GLA | GLADIATOR RESOURCES LTD | 0.001 | 98.97 | 3.76M |
CTE | CRYOSITE LTD | 0.18 | 97.28 | 11.48M |
MXR | MAXIMUS RESOURCES LTD | 0.09 | 90.31 | 7.75M |
MAU | MAGNETIC RESOURCES NL | 1.21 | 83.87 | 255.22M |
GES | GENESIS RESOURCES LTD | 0.02 | 83.01 | 13.31M |
ANP | ANTISENSE THERAPEUTICS LTD | 0.08 | 82.79 | 36.17M |
ABR | AMERICAN PACIFIC BORATES LTD | 0.7 | 82.34 | 168.55M |
MSM | MSM CORPORATION INTERNATIONAL | 0.03 | 81.68 | 22.66M |
CUE | CUE ENERGY RESOURCES LTD | 0.1 | 81.65 | 73.30M |
MAI | MAINSTREAM GROUP HOLDINGS | 0.54 | 81.55 | 71.19M |
TRS | REJECT SHOP LTD/THE | 5.24 | 81.28 | 209.59M |
YOJ | YOJEE LTD | 0.06 | 80.41 | 59.00M |
FHS | FREEHILL MINING LTD | 0.05 | 80.29 | 63.73M |
AWV | ANOVA METALS LTD | 0.03 | 79.69 | 29.93M |
HLO | HELLOWORLD TRAVEL LTD | 2.54 | 79.15 | 320.53M |
ASN | ANSON RESOURCES LTD | 0.05 | 79 | 30.55M |
NVX | NOVONIX LTD | 0.48 | 78.94 | 74.18M |
ARS | ALT RESOURCES LTD | 0.05 | 78.92 | 28.85M |
BC8 | BLACK CAT SYNDICATE LTD | 0.64 | 78.88 | 53.87M |
ST1 | SPIRIT TELECOM LTD | 0.22 | 78.76 | 93.80M |
GTR | GTI RESOURCES LTD | 0.04 | 78.65 | 22.39M |
MTO | MOTORCYCLE HOLDINGS LTD | 1.43 | 78.52 | 84.85M |
BKT | BLACK ROCK MINING LTD | 0.05 | 77.65 | 33.96M |
ECX | ECLIPX GROUP LTD | 1.23 | 76.53 | 405.94M |
ENN | ELANOR INVESTOR GROUP | 1.28 | 76.5 | 155.08M |
CAI | CALIDUS RESOURCES LTD | 0.44 | 76.28 | 87.09M |
OBM | ORA BANDA MINING LTD | 0.26 | 76.19 | 152.70M |
ADI | APN INDUSTRIA REIT | 2.54 | 75.95 | 496.05M |
IPD | IMPEDIMED LTD | 0.08 | 75.94 | 78.13M |
RFT | RECTIFIER TECHNOLOGIES LTD | 0.04 | 75.92 | 56.12M |
LBT | LBT INNOVATIONS LTD | 0.17 | 75.7 | 40.04M |
BUY | BOUNTY OIL & GAS NL | 0.01 | 75.66 | 11.44M |
GSN | GREAT SOUTHERN MINING LTD | 0.09 | 75.21 | 36.36M |
EQE | EQUUS MINING LTD | 0.01 | 75.11 | 18.36M |
SGH | SLATER & GORDON LTD | 0.9 | 75.04 | 124.59M |
NTD | NATIONAL TYRE & WHEEL LTD | 0.37 | 74.99 | 37.56M |
AQZ | ALLIANCE AVIATION SERVICES L | 2.75 | 74.98 | 350.54M |
EOL | ENERGY ONE LTD | 3.7 | 74.94 | 85.92M |
STA | STRANDLINE RESOURCES LTD | 0.17 | 74.9 | 70.42M |
ERM | EMMERSON RESOURCES LTD | 0.12 | 74.9 | 48.86M |
AZY | ANTIPA MINERALS LTD | 0.03 | 74.83 | 62.31M |
VIC | VICTORY MINES LTD | 0.001 | 74.81 | 4.70M |
ADN | ANDROMEDA METALS LTD | 0.07 | 74.62 | 102.03M |
BLX | BEACON LIGHTING GROUP LTD | 0.97 | 74.54 | 213.59M |
FOR | FORAGER AUSTRALIAN SHARES FD | 0.93 | 74.27 | 105.31M |
SBR | SABRE RESOURCES LTD | 0.003 | 74.25 | 3.43M |
CYG | COVENTRY GROUP LTD | 0.8 | 74.01 | 68.25M |
ANA | ANSILA ENERGY NL | 0.02 | 74.01 | 7.63M |
PDI | PREDICTIVE DISCOVERY LTD | 0.09 | 73.98 | 63.68M |
LYL | LYCOPODIUM LTD | 5.00 | 73.91 | 198.66M |
JAY | JAYRIDE GROUP LTD | 0.19 | 73.87 | 19.97M |
HZR | HAZER GROUP LTD | 0.51 | 73.69 | 58.52M |
SO4 | SALT LAKE POTASH LTD | 0.56 | 73.68 | 196.30M |
AGS | ALLIANCE RESOURCES LTD | 0.18 | 73.67 | 30.29M |
PNR | PANTORO LTD | 0.21 | 73.6 | 241.07M |
INF | INFINITY LITHIUM CORP LTD | 0.06 | 73.59 | 13.61M |
EXP | EXPERIENCE CO LTD | 0.15 | 73.58 | 80.59M |
KAI | KAIROS MINERALS LTD | 0.02 | 73.55 | 22.44M |
RTR | RUMBLE RESOURCES LTD | 0.09 | 73.51 | 39.76M |
VR1 | VECTION TECHNOLOGIES LTD | 0.03 | 73.45 | 27.97M |
CDM | CADENCE CAPITAL LTD | 0.61 | 73.4 | 193.77M |
SDX | SIENNA CANCER DIAGNOSTICS LT | 0.07 | 73.28 | 27.66M |
MPW | MSL SOLUTIONS LTD | 0.08 | 73.2 | 24.17M |
ARE | ARGONAUT RESOURCES NL | 0.01 | 73.19 | 13.77M |
WGN | WAGNERS HOLDING CO LTD | 1.21 | 73.16 | 234.00M |
CVF | CONTRARIAN VALUE FUND LTD | 0.82 | 73.06 | 56.97M |
PPG | PRO-PAC PACKAGING LTD | 0.19 | 73.02 | 146.00M |
E25 | ELEMENT 25 LTD | 0.38 | 72.94 | 37.73M |
XRF | XRF SCIENTIFIC LTD | 0.23 | 72.8 | 30.78M |
MCR | MINCOR RESOURCES NL | 0.73 | 72.75 | 243.91M |
AMA | AMA GROUP LTD | 0.64 | 72.67 | 490.11M |
AZI | ALTA ZINC LTD | 0.01 | 72.65 | 15.42M |
DEV | DEVEX RESOURCES LTD | 0.14 | 72.52 | 25.70M |
APZ | ASPEN GROUP | 1.2 | 72.46 | 115.59M |
MAY | MELBANA ENERGY LTD | 0.01 | 72.38 | 18.53M |
PM8 | PENSANA RARE EARTHS PLC-CDI | 0.27 | 72.34 | 44.17M |
ZNC | ZENITH MINERALS LTD | 0.09 | 72.05 | 20.93M |
GPR | GEOPACIFIC RESOURCES LTD | 0.53 | 71.87 | 92.50M |
FLN | FREELANCER LTD | 0.51 | 71.7 | 233.18M |
GSM | GOLDEN STATE MINING LTD | 0.23 | 71.68 | 8.61M |
ENX | ENEGEX LTD | 0.02 | 71.62 | 1.29M |
MWR | MGM WIRELESS LTD | 0.14 | 71.61 | 19.85M |
PIC | PERPETUAL EQUITY INVESTMENT | 0.94 | 71.52 | 323.48M |
EGI | ELLERSTON GLOBAL INVESTMENTS | 1.05 | 71.44 | 115.61M |
A1G | AFRICAN GOLD LTD | 0.13 | 71.42 | 7.84M |
SNL | SUPPLY NETWORK LTD | 4.22 | 71.35 | 172.01M |
MNS | MAGNIS ENERGY TECHNOLOGIES L | 0.08 | 71.29 | 49.67M |
FEX | FENIX RESOURCES LTD | 0.08 | 71.2 | 23.72M |
AGY | ARGOSY MINERALS LTD | 0.07 | 71.16 | 69.33M |
WIC | WESTOZ INVESTMENT CO LTD | 0.9 | 71.14 | 121.45M |
SVM | SOVEREIGN METALS LTD | 0.17 | 71.07 | 65.04M |
NCK | NICK SCALI LTD | 5.71 | 71.07 | 464.13M |
ICQ | ICAR ASIA LTD | 0.34 | 71.03 | 138.81M |
SXY | SENEX ENERGY LTD | 0.24 | 70.88 | 364.31M |
PGM | PLATINA RESOURCES LTD | 0.03 | 70.85 | 8.16M |
PYC | PYC THERAPEUTICS LTD | 0.09 | 70.53 | 263.83M |
WSP | WHISPIR LTD | 2.43 | 70.49 | 256.30M |
MIL | MILLENNIUM SERVICES GROUP | 0.4 | 70.44 | 18.37M |
5GN | 5G NETWORKS LTD | 1.11 | 70.42 | 81.31M |
BYH | BRYAH RESOURCES LTD | 0.06 | 70.4 | 6.05M |
ARM | AURORA MINERALS LTD | 0.03 | 70.36 | 6.33M |
SGF | SG FLEET GROUP LTD | 1.71 | 70.35 | 458.78M |
TPC | TPC CONSOLIDATED LTD | 1.15 | 70.31 | 12.92M |
CUP | COUNTPLUS LTD | 1.04 | 70.25 | 118.79M |
CTM | CENTAURUS METALS LTD | 0.29 | 70.24 | 72.73M |
PLL | PIEDMONT LITHIUM LTD | 0.12 | 70.17 | 99.16M |
KPG | KELLY PARTNERS GROUP HOLDING | 0.95 | 70.16 | 43.36M |
DTZ | DOTZ NANO LTD | 0.08 | 70.09 | 23.08M |
AMN | AGRIMIN LTD | 0.48 | 70.08 | 93.43M |
MYL | MYANMAR METALS LTD | 0.06 | 70.06 | 99.04M |
MLL | MALI LITHIUM LTD | 0.1 | 70.01 | 29.83M |
There were 111 small caps with a two-week RSI reading above 70 (up slightly from 108 the week prior). Recall that at the height of the March selloff, there were just two.
Topping the list was minnow explorer Gladiator Resources (ASX:GLA), which briefly doubled up on Thursday before sliding back to end the week.
Gladiator, which has a market cap of around $4m, saw daily trading volume surge above 250 million on Thursday (up from around 7 million the day before).
The move appeared to be the result of a block-trade as a substantial Gladiator holder, Parry Capital Management, sold its entire 8 per cent stake on market that day.
Here’s a summary of the stocks that were running cold for the two weeks ended Friday, May 29:
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price ($) | 2 Week RSI | Market Cap |
---|---|---|---|---|
MAR | MALACHITE RESOURCES LTD | 0.04 | 29.72 | 2.86M |
CGR | CML GROUP LTD | 0.28 | 29.27 | 59.83M |
TNP | TRIPLE ENERGY LTD | 0.01 | 28.99 | 431.98k |
AMB | AMBITION GROUP LTD | 0.04 | 28.34 | 2.69M |
FZR | FITZROY RIVER CORP LTD | 0.15 | 28.09 | 12.95M |
EVZ | EVZ LTD | 0.08 | 27.15 | 7.30M |
SST | STEAMSHIPS TRADING COMPANY | 9.5 | 24.46 | 294.58M |
BHL | BOYUAN HOLDINGS LTD | 0.08 | 24.39 | 27.45M |
GLVDA | GLOBAL OIL & GAS LTD | 0.01 | 23.97 | 1.83M |
MGU | MAGNUM MINING AND EXPLORATION | 0.03 | 20.42 | 9.14M |
ZER | ZETA RESOURCES LTD | 0.14 | 17.02 | 40.23M |
BIR | BIR FINANCIAL LTD | 0.05 | 10.85 | 4.06M |
That’s down from 23 the week before, compared to a surge above 200 when the COVID-19 crisis was at its peak.