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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, the top 5 best performing O&G players in 2022, 3 aerospace, defence and tech stocks to watch, and the shorters come for wagering stocks, Flight Centre.
But first, the day ahead.
After a big week on Wall Street, ASX futures are pointing 0.6% higher today following last week’s ~3% gain.
Elsewhere, there are no major local market moving indicators for release prior to the March 29 Fed Budget.
BUT … the week does kick off with annual data on Aussie alcohol consumption from the ABS.
Which is interesting for most of us, but also represents a key indicator for the liquor industry and several listed beverage companie
TRADING HALTS
The following companies are in trading halts/ suspended and are expected out in the next few days:
Golden Mile Resources (ASX:G88) – acquisition and capital raising
Middle Island Resources (ASX:MDI) – sale of a significant company asset
ResApp Health (ASX:RAP) – trading halt, pending the release of an announcement regarding its COVID-19 study results
Reach Resources Limited (ASX:RR1) – trading halt, pending an announcement regarding an acquisition and capital raising
Aurumin (ASX:AUN) — acquisition of the Sandstone Gold Project
Senex Energy (ASX:SXY) – acquisition by K-A Energy 1 Pty Ltd of all issued shares in SXY
MARKETS (updated at 8am AEDT)
Gold: $US1,921.01 (-1.11%)
Silver: $US24.95 (-1.51%)
Oil (WTI): $US104.95 (+2.06%)
Oil (Brent): $US108.35 (+1.60%)
Aust Coking Coal (steelmaking): $628/t (-1%)
Newcastle Coal (thermal): $340/t (-1.7%)
Iron 62pc Fe: $US145.00 (+2.47%)
AUD/USD: $US0.7377 (+0.2%)
Bitcoin: $US41,882 (-0.82%)
WHAT GOT YOU TALKING LAST WEEK?
A reminder.
A typical lithium car battery weighs 450kg. It has about 11 kg of lithium, nearly 14 kg of cobalt, 27 kg of nickel, more than 40 kg of copper, and 50 kg of graphite—as well as about 181 kg of steel, aluminium, and plastics.
Imagine the mining required for producing EV at scale.
— Abhishek Basumallick (@a_basumallick) March 18, 2022
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For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.
Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
LAST WEEK’S BIGGEST SMALL CAP WINNERS
(Stocks highlighted in yellow rose after making announcements during the trading day.)
Scroll or swipe to reveal table. Click headings to sort.
| CODE | COMPANY | PRICE | % WEEK | MARKET CAP |
|---|---|---|---|---|
| BKY | Berkeley Energia Ltd | 0.425 | 66.7% | $178,318,686 |
| KNI | Kunikolimited | 1.08 | 62.4% | $39,398,461 |
| RMI | Resource Mining Corp | 0.025 | 56.3% | $9,841,827 |
| MAY | Melbana Energy Ltd | 0.1925 | 54.0% | $508,846,650 |
| OXX | Octanex Ltd | 0.027 | 50.0% | $6,992,398 |
| PBX | Pacific Bauxite Ltd | 0.15 | 50.0% | $1,189,876 |
| PHO | Phosco Ltd | 0.135 | 50.0% | $28,961,574 |
| AJL | AJ Lucas Group | 0.0665 | 47.8% | $71,777,198 |
| KNM | Kneomedia Limited | 0.023 | 43.8% | $26,309,906 |
| 4DX | 4Dmedical Limited | 0.865 | 41.8% | $176,567,620 |
| AVL | Aust Vanadium Ltd | 0.051 | 41.7% | $161,710,286 |
| LRS | Latin Resources Ltd | 0.056 | 40.0% | $76,907,465 |
| VMG | VDM Group Limited | 0.002 | 33.3% | $13,855,322 |
| KPO | Kalina Power Limited | 0.025 | 31.6% | $37,794,450 |
| EOS | Electro Optic Sys. | 2.585 | 31.2% | $378,794,715 |
| AON | Apollo Minerals Ltd | 0.085 | 30.8% | $40,483,150 |
| ARL | Ardea Resources Ltd | 1.03 | 30.4% | $164,451,639 |
| MTC | Metalstech Ltd | 0.26 | 30.0% | $42,499,470 |
| EZZ | EZZ Life Science | 0.4 | 29.0% | $4,976,400 |
| QHL | Quickstep Holdings | 0.58 | 28.9% | $40,469,822 |
| NVA | Nova Minerals Ltd | 0.695 | 28.7% | $109,923,394 |
| IHL | Incannex Healthcare | 0.675 | 28.6% | $804,901,372 |
| ABX | ABX Group Limited | 0.16 | 28.0% | $30,184,760 |
| GTR | Gti Resources | 0.028 | 27.3% | $24,833,187 |
| MOH | Moho Resources | 0.057 | 26.7% | $7,417,336 |
| HPC | Thehydration | 0.285 | 26.7% | $37,667,032 |
| MCM | Mc Mining Ltd | 0.105 | 26.5% | $13,434,501 |
| WR1 | Winsome Resources | 0.43 | 26.5% | $53,111,698 |
| MHI | Merchant House | 0.091 | 26.4% | $8,578,251 |
| 3DA | Amaero International | 0.265 | 26.2% | $50,729,700 |
Up four days in a row, on larger than usual volumes, with no news — what’s going on behind the scenes at beleaguered Berkeley Energia (ASX:BKY)?
The advanced project developer is battling through the approvals process to build its contentious Salamanca uranium mine in Spain.
It’s not looking good, unlike the share price which was up 67% over the past week.
Last week PhosCo (ASX:PHO) delivered a 50% increase in its KEL mineral phosphate resource – one of two at the flagship ‘Chaketma’ project — in a major step towards the start of feasibility studies.
Biotech 4D Medical (ASX:4DX) says it has developed the world’s first and only dedicated lung scanner, deploying an XV Scanner ahead of schedule at the Prince of Wales Hospital in Sydney.
Australian Vanadium (ASX:AVL) scored a $49m government grant to support development of its vanadium project in WA.
LAST WEEK’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow rose after making announcements during the trading day.)
Scroll or swipe to reveal table. Click headings to sort.
| CODE | COMPANY | PRICE | % WEEK | MARKET CAP |
|---|---|---|---|---|
| IS3 | I Synergy Group Ltd | 0.094 | -57.3% | $52,349,978 |
| RDN | Raiden Resources Ltd | 0.01 | -44.4% | $13,753,273 |
| CCE | Carnegie Cln Energy | 0.002 | -33.3% | $30,205,147 |
| TMS | Tennant Minerals Ltd | 0.053 | -31.2% | $22,078,542 |
| IPT | Impact Minerals | 0.012 | -25.0% | $24,095,077 |
| YPB | YPB Group Ltd | 0.0015 | -25.0% | $12,235,667 |
| AUH | Austchina Holdings | 0.013 | -23.5% | $23,626,165 |
| YOJ | Yojee Limited | 0.11 | -21.4% | $129,820,227 |
| WGX | Westgold Resources. | 1.92 | -21.3% | $819,080,120 |
| AIR | Astivita Ltd | 0.57 | -20.8% | $17,886,221 |
| PXX | Polarx Limited | 0.027 | -20.6% | $19,311,206 |
| UUL | Ultima Utd Ltd | 0.27 | -20.6% | $24,924,558 |
| AHN | Athena Resources | 0.008 | -20.0% | $5,690,773 |
| CLE | Cyclone Metals | 0.004 | -20.0% | $20,416,948 |
| RBR | RBR Group Ltd | 0.004 | -20.0% | $5,794,292 |
| VRC | Volt Resources Ltd | 0.012 | -20.0% | $34,363,842 |
| AUK | Aumake Limited | 0.0105 | -19.2% | $7,984,693 |
| TOY | Toys R Us | 0.1175 | -19.0% | $101,268,689 |
| A3D | Aurora Labs Limited | 0.073 | -18.9% | $14,364,329 |
| LVT | Livetiles Limited | 0.11 | -18.5% | $105,618,395 |
| KFE | Kogi Iron Ltd | 0.009 | -18.2% | $11,858,200 |
| GCR | Golden Cross | 0.185 | -17.8% | $20,847,866 |
| HTA | Hutchison | 0.08 | -17.5% | $1,085,800,686 |
| MOQ | MOQ Limited | 0.066 | -17.5% | $12,576,723 |
| CPM | Coopermetalslimited | 0.38 | -17.4% | $11,078,200 |
| AEE | Aura Energy | 0.2775 | -17.2% | $112,476,846 |
| HCD | Hydrocarbon Dynamic | 0.01 | -16.7% | $5,283,481 |
| INP | Incentiapay Ltd | 0.015 | -16.7% | $18,975,954 |
| SBR | Sabre Resources | 0.005 | -16.7% | $10,174,068 |
| SIT | Site Group Int Ltd | 0.005 | -16.7% | $4,206,226 |
| PCL | Pancontinental Energ | 0.005 | -16.7% | $35,771,114 |
| ARC | ARC Funds Limited | 0.51 | -16.4% | $14,286,267 |
| WSR | Westar Resources | 0.092 | -16.4% | $3,770,396 |
| OAK | Oakridge | 0.155 | -16.2% | $3,009,244 |
