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.

 

Running Hot

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.

 

Running Cold

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