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, June 26:
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price | 2 Week RSI | Market Cap ($) |
---|---|---|---|---|
RGL | RIVERSGOLD LTD | 0.08 | 87.79 | 25.02M |
NME | NEX METALS EXPLORATION LTD | 0.14 | 86.35 | 28.91M |
RXL | ROX RESOURCES LTD | 0.09 | 85.98 | 165.10M |
MCT | METALICITY LTD | 0.03 | 84.79 | 40.51M |
AUC | AUSGOLD LTD | 0.03 | 84.23 | 33.19M |
WEC | WHITE ENERGY CO LTD | 0.11 | 81.49 | 85.19M |
GSM | GOLDEN STATE MINING LTD | 0.52 | 80.54 | 22.43M |
AUT | AUTECO MINERALS LTD | 0.08 | 80.12 | 106.86M |
CDV | CARDINAL RESOURCES LTD | 0.63 | 79.34 | 310.02M |
MMM | MARLEY SPOON AG-CDI | 1.64 | 78.55 | 276.23M |
TIE | TIETTO MINERALS LTD | 0.49 | 78.16 | 172.98M |
ARV | ARTEMIS RESOURCES LTD | 0.07 | 77.97 | 67.20M |
MHC | MANHATTAN CORP LTD | 0.02 | 76.69 | 21.40M |
HRN | HORIZON GOLD LIMITED | 0.37 | 76.46 | 28.32M |
WAT | WATERCO LTD | 2.5 | 76.42 | 89.71M |
RTR | RUMBLE RESOURCES LTD | 0.12 | 76.28 | 49.14M |
YOJ | YOJEE LTD | 0.08 | 76.07 | 78.83M |
HRL | HRL HOLDINGS LTD | 0.12 | 76.05 | 59.21M |
CRS | CAPRICE RESOURCES LTD/AUSTRA | 0.2 | 75.88 | 6.55M |
3PL | 3P LEARNING LTD | 0.77 | 75.78 | 117.17M |
GMD | GENESIS MINERALS LTD | 0.05 | 75.52 | 73.23M |
MEI | METEORIC RESOURCES NL | 0.04 | 75.31 | 40.14M |
MGV | MUSGRAVE MINERALS LTD | 0.5 | 74.86 | 225.40M |
PYG | PAYGROUP LTD | 0.83 | 74.62 | 60.63M |
VMC | VENUS METALS CORP LTD | 0.3 | 74.54 | 45.32M |
VUL | VULCAN ENERGY RESOURCES LTD | 0.5 | 73.69 | 26.84M |
STN | SATURN METALS LTD | 0.61 | 73.68 | 50.50M |
KAI | KAIROS MINERALS LTD | 0.03 | 73.47 | 40.36M |
TRM | TRUSCOTT MINING CORP LTD | 0.02 | 73.43 | 2.36M |
STA | STRANDLINE RESOURCES LTD | 0.26 | 73.09 | 106.69M |
MCR | MINCOR RESOURCES NL | 0.82 | 72.93 | 283.69M |
DW8 | DIGITAL WINE VENTURES LTD | 0.02 | 72.85 | 22.68M |
OVH | ONEVUE HOLDINGS LTD | 0.37 | 72.82 | 100.47M |
KP2 | KORE POTASH PLC - CDI | 0.02 | 72.7 | 18.90M |
VRC | VOLT RESOURCES LTD | 0.03 | 72.55 | 51.27M |
ZNC | ZENITH MINERALS LTD | 0.13 | 72.52 | 31.64M |
SIO | SIMONDS GROUP LTD | 0.35 | 72.21 | 49.63M |
SIH | SIHAYO GOLD LTD | 0.03 | 71.7 | 62.93M |
PTR | PETRATHERM LTD | 0.08 | 71.59 | 14.47M |
BPH | BPH ENERGY LTD | 0.02 | 71.58 | 8.21M |
LON | LONGTABLE GROUP LTD | 0.16 | 71.53 | 34.20M |
SWF | SELFWEALTH LTD | 0.49 | 71.46 | 95.73M |
CZI | CASSINI RESOURCES LTD | 0.17 | 71.35 | 68.44M |
ORM | ORION METALS LTD | 0.02 | 70.88 | 11.31M |
AR9 | ARCHTIS LTD | 0.1 | 70.74 | 15.32M |
RAC | RACE ONCOLOGY LTD | 0.58 | 70.57 | 62.30M |
NOV | NOVATTI GROUP LTD | 0.35 | 70.52 | 65.75M |
BC8 | BLACK CAT SYNDICATE LTD | 0.8 | 70.52 | 65.47M |
GRV | GREENVALE ENERGY LTD | 0.04 | 70.5 | 4.55M |
SUP | SUPERIOR LAKE RESOURCES LTD | 0.13 | 70.49 | 17.87M |
XTD | XTD LTD | 0.06 | 70.48 | 7.73M |
MSM | MSM CORPORATION INTERNATIONA | 0.04 | 70.45 | 28.54M |
AJX | ALEXIUM INTERNATIONAL GROUP | 0.06 | 70.14 | 36.16M |
PYC | PYC THERAPEUTICS LTD | 0.11 | 70.13 | 322.46M |
PAA | PHARMAUST LTD | 0.16 | 70.11 | 46.81M |
AOP | APOLLO CONSOLIDATED LTD | 0.32 | 70.04 | 88.80M |
There were a total of 56 stocks on this week’s Running Hot list, up from 52 last week despite some wobbles in global markets as COVID-19 risks reaccelerate in a number of large US states.
And for the first time we can recall, the top five positions were all held by junior gold explorers, helped by a combination of more high-grade gold hits in key WA hotspots and record high gold prices.
Topping the list was Riversgold (ASX:RGL), which has continued to run hot after doubling off the back of a capital raising last month, where well-known mining investor Tolga Kumova emerged with a 5.29 per cent stake in the business.
Here’s a summary of the stocks that were running hot for the two weeks ended Friday, June 26:
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price ($) | 2 Week RSI | Market Cap |
---|---|---|---|---|
TAS | TASMAN RESOURCES LTD | 0.03 | 29.93 | 14.25M |
EVZ | EVZ LTD | 0.07 | 29.93 | 6.82M |
AMB | AMBITION GROUP LTD | 0.03 | 29.83 | 2.02M |
BLV | BLOSSOMVALE HOLDINGS LTD | 0.04 | 29.32 | 2.64M |
EBG | EUMUNDI GROUP LTD | 0.8 | 29.18 | 33.23M |
AJL | AJ LUCAS GROUP LTD | 0.03 | 28.59 | 39.48M |
GMV | G MEDICAL INNOVATION HOLDING | 0.05 | 28.29 | 29.87M |
EDE | EDEN INNOVATIONS LTD | 0.03 | 27.94 | 43.09M |
MAR | MALACHITE RESOURCES LTD | 0.03 | 27.71 | 2.04M |
MCM | MC MINING LTD | 0.1 | 27.15 | 14.81M |
ANR | ANATARA LIFESCIENCES LTD | 0.14 | 26.91 | 6.48M |
PKD | PARKD LTD | 0.02 | 26.31 | 1.58M |
YTMAPA | XTB UNITS APA | 103.96 | 25.94 | 5.40M |
BHL | BOYUAN HOLDINGS LTD | 0.08 | 24.51 | 27.45M |
VOL | VICTORY OFFICES LTD | 0.36 | 23.05 | 14.72M |
BLY | BOART LONGYEAR LTD | 0.45 | 22.21 | 40.43M |
CPH | CRESO PHARMA LTD | 0.04 | 22.1 | 12.85M |
AVR | ANTERIS TECHNOLOGIES LTD | 4.75 | 21.72 | 28.07M |
KPE | KINA PETROLEUM CORP | 1.05 | 21.59 | 13.46M |
PET | PHOSLOCK ENVIRONMENTAL TECHN | 0.31 | 20.14 | 190.63M |
EGY | ENERGY TECHNOLOGIES LTD | 0.15 | 20.1 | 12.87M |
UUL | ULTIMA UNITED LTD | 0.02 | 14.06 | 586.52k |
KLL | KALIUM LAKES LTD | 0.13 | 13.97 | 104.29M |
BIR | BIR FINANCIAL LTD | 0.01 | 7.03 | 1.22M |