Hot Money…Tuesday: The most in-demand stocks on the ASX right now
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Each Monday (yes we know it’s Tuesday), 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 this week’s list:
Here’s a summary of the stocks that were running hot for the two weeks ended Friday, January 24:
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price | 2 Week RSI | Market Cap ($) |
---|---|---|---|---|
BRI | BIG RIVER INDUSTRIES LTD | 1.720 | 95.41 | 107,446,528 |
SND | SAUNDERS INTERNATIONAL LTD | 0.430 | 88.58 | 45,555,920 |
NVL | NATIONAL VETERINARY CARE LTD | 3.660 | 88.21 | 245,738,352 |
FDV | FRONTIER DIGITAL VENTURES LTD | 0.950 | 83.59 | 247,109,728 |
AVZ | AVZ MINERALS LTD | 0.070 | 82.05 | 161,391,888 |
EOL | ENERGY ONE LTD | 3.310 | 81.84 | 72,839,976 |
MDR | MEDADVISOR LTD | 0.600 | 81.55 | 145,105,232 |
CIW | CLIME INVESTMENT MANAGEMENT | 0.640 | 80.94 | 35,885,240 |
ANR | ANATARA LIFESCIENCES LTD | 0.345 | 80.46 | 17,200,382 |
ENE | ENEVIS LTD | 0.230 | 80.22 | 15,320,553 |
KME | KIP MCGRATH EDUCATION CENTRE | 1.530 | 79.85 | 68,530,008 |
OLI | OLIVER'S REAL FOOD LTD | 0.098 | 79.17 | 25,073,192 |
A4N | ALPHA HPA LTD | 0.260 | 77.90 | 161,185,504 |
MAG | MAGMATIC RESOURCES LTD | 0.270 | 76.43 | 41,204,584 |
KZR | KALAMAZOO RESOURCES LIMITED | 0.680 | 76.12 | 78,311,320 |
VUL | VULCAN ENERGY RESOURCES LTD | 0.210 | 75.71 | 10,670,000 |
CFE | CAPE LAMBERT RESOURCES LTD | 0.006 | 75.60 | 6,698,844 |
COB | COBALT BLUE HOLDINGS LTD | 0.170 | 75.50 | 26,414,692 |
AMX | AEROMETREX LTD | 2.290 | 74.94 | 208,624,000 |
RDY | READYTECH HOLDINGS LTD | 2.250 | 74.89 | 180,012,080 |
STN | SATURN METALS LTD | 0.430 | 74.39 | 31,471,394 |
WND | WINDLAB LTD | 0.945 | 74.38 | 64,460,892 |
MLL | MALI LITHIUM LTD | 0.110 | 74.33 | 31,734,812 |
AXI | AXIOM PROPERTIES LTD | 0.051 | 73.94 | 22,068,396 |
ASG | AUTOSPORTS GROUP LTD | 1.700 | 73.59 | 347,729,984 |
CEL | CHALLENGER EXPLORATION LTD | 0.190 | 73.40 | 86,209,360 |
MCX | MARINER CORP LTD | 0.070 | 73.39 | 3,123,460 |
RUL | RPMGLOBAL HOLDINGS LTD | 1.100 | 73.08 | 233,171,568 |
AIS | AERIS RESOURCES LTD | 0.061 | 72.87 | 27,342,696 |
JRV | JERVOIS MINING LTD | 0.255 | 72.74 | 163,616,320 |
PSZ | PS&C LTD | 0.033 | 72.67 | 11,586,416 |
EPD | EMPIRED LTD | 0.400 | 72.61 | 64,769,252 |
BTC | BTC HEALTH LTD | 0.150 | 72.27 | 34,458,488 |
MAI | MAINSTREAM GROUP HOLDINGS LTD | 0.670 | 71.55 | 88,334,080 |
HIT | HITECH GROUP AUSTRALIA LTD | 1.390 | 71.51 | 52,889,500 |
AXE | ARCHER MATERIALS LTD | 0.215 | 71.40 | 44,608,112 |
PBP | PROBIOTEC LTD | 2.210 | 71.36 | 167,504,672 |
KOV | KORVEST LTD | 3.800 | 71.35 | 42,770,776 |
EGN | ENGENCO LTD | 0.650 | 71.31 | 202,130,704 |
PRO | PROPHECY INTERNATIONAL HLDGS | 0.635 | 71.23 | 40,326,164 |
PTR | PETRATHERM LTD | 0.049 | 71.01 | 8,550,083 |
ZIP | ZIPTEL LTD | 0.017 | 70.82 | 3,215,276 |
NEU | NEUREN PHARMACEUTICALS LTD | 2.890 | 70.42 | 302,288,160 |
CHZ | CHESSER RESOURCES LTD | 0.091 | 70.40 | 24,825,996 |
NZC | NZURI COPPER LTD | 0.360 | 70.34 | 106,525,976 |
AV1 | ADVERITAS LTD | 0.260 | 70.33 | 47,749,572 |
ADD | ADAVALE RESOURCES LTD | 0.042 | 70.32 | 7,959,717 |
ALC | ALCIDION GROUP LTD | 0.230 | 70.00 | 227,859,632 |
Big River Industries (ASX:BRI)
The timber company continued its multi-week reign at or near the top of the Hot Money rankings, this week posting a red-hot RSI of 95.41.
The stock has climbed steadily from around $1.20 in November to its Friday close above $1.70, following another steady increase last week.
But despite that, demand for BRI shares still hasn’t been driven by any key market-moving announcements.
In fact, Big River hasn’t provided any updates since December 10, when the company said it was introducing a dividend reinvestment plan for eligible shareholders.
Here’s a summary of the stocks that were running cold for the two weeks ended Friday, January 24:
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price | 2 Week RSI | Market Cap |
---|---|---|---|---|
HXG | HEXAGON ENERGY MATERIALS LTD | 0.05 | 29.57 | 16.08M |
KAS | KASBAH RESOURCES LTD | 0.01 | 29.09 | 1.90M |
KPT | KANGAROO ISLAND PLANTATION T | 1.96 | 29.09 | 110.59M |
TGH | TERRAGEN HOLDINGS LTD | 0.17 | 28.67 | 30.83M |
AMO | AMBERTECH LTD | 0.08 | 28.14 | 6.35M |
HT8 | HARRIS TECHNOLOGY GROUP LTD | 0.01 | 27.98 | 1.71M |
BWF | BLACKWALL LTD | 0.69 | 27.55 | 43.57M |
MXR | MAXIMUS RESOURCES LTD | 0.05 | 27.34 | 1.60M |
PRT | PRIME MEDIA GROUP LTD | 0.16 | 27.3 | 58.61M |
SIS | SIMBLE SOLUTIONS LTD | 0.02 | 27.22 | 3.22M |
BOE | BOSS RESOURCES LTD | 0.05 | 27.07 | 71.43M |
ATC | ALTECH CHEMICAL LTD | 0.09 | 27.04 | 72.85M |
PNC | PIONEER CREDIT LTD | 1.78 | 26.76 | 112.85M |
SRI | SIPA RESOURCES LTD | 0.07 | 26.04 | 9.96M |
REY | REY RESOURCES LTD | 0.23 | 25.9 | 48.80M |
OKR | OKAPI RESOURCES LTD | 0.1 | 24.81 | 3.57M |
8VI | 8VIC HOLDINGS LTD | 0.19 | 24.64 | 7.91M |
RHY | RHYTHM BIOSCIENCES LTD | 0.1 | 24.56 | 10.58M |
LHB | LIONHUB GROUP LTD | 0.003 | 23.94 | 2.48M |
EXR | ELIXIR ENERGY LTD | 0.02 | 23.47 | 9.02M |
MNC | METMINCO LTD | 0.05 | 21.86 | 9.07M |
MOZ | MOSAIC BRANDS LTD | 1.75 | 20.97 | 169.42M |
PXX | POLARX LTD | 0.03 | 19.92 | 12.90M |
UUL | ULTIMA UNITED LTD | 0.02 | 19.69 | 469.21k |
BIR | BIR FINANCIAL LTD | 0.08 | 18.72 | 6.50M |
BYI | BEYOND INTERNATIONAL LTD | 0.75 | 18.43 | 46.00M |
TIA | TIAN AN AUSTRALIA LTD | 0.33 | 17.7 | 28.58M |
SST | STEAMSHIPS TRADING COMPANY | 12.5 | 17.44 | 387.60M |
TNP | TRIPLE ENERGY LTD | 0.01 | 17.29 | 575.97k |
The gas explorer slipped into this week’s Running Cold list, as the stock price continued its recent loss of momentum to start 2020.
Shares in Leigh Creek hit a 12-month high above 40c last May, after the company said it had proved up a gas resource as large as the Cooper Basin.
But investors cooled on the stock in the second half of last year, as the company continues to look for commercialisation pathways.