On Stockhead today, is this the next battery metals IPO moonshot, what makes Pro Medicus such a standout, and all the data coming your way this week.

But first, the day ahead.

A quiet start to the week for local data, thank goodness.

Overseas, the Federal Reserve Bank of New York releases US consumer inflation expectations, which stand at a record high 6.6%.

In China, international trade data for April is announced.

“Exports could lift just 1.8% on a year ago with imports down 3.2% over the year in April, due to renewed supply chain and transport snarls,” CommSec says.

TRADING HALTS

The following companies are in trading halts and are expected out in the coming days:

Incannex Healthcare (ASX:IHL) – trading halt, pending results of its extensive preclinical study assessing IHL-216A in a sports concussion model

Spirit Technology Solutions (ASX: ST1) – trading halt, pending an announcement in relation to the Fixed Wireless Infrastructure Divestment

Minbos Resources (ASX:MNB) – trading halt, pending the release of a material announcement regarding the company’s Green Ammonia Project

Tombola Gold (ASX:TBA) – trading halt, regarding a proposed capital raising

 

MARKETS (updated at 8am AEDT)

Gold: $US1,882.93 (+0.32%)

Silver: $US22.338 (-0.73%)

Nickel (3mth): $US30,020/t (-1.08%)

Copper (3mth): $US9,424.00/t (+0.59%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, May 4): $US72,650/t (0.0% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 4): $US73,275/t (0.0% weekly)

Oil (WTI): $US109.770 (+1.39%)

Oil (Brent): $US113.05 (+1.94%)

Iron 62pc Fe: $US142.00 (+0.00%)

AUD/USD: $US0.7081 (-0.4539%)

Bitcoin: $US34,665 (-2.24%)

 

WHAT GOT YOU TALKING OVER THE WEEKEND?

Unlike its peers, mammoth miner BHP (ASX:BHP) says it will not dip its toe into lithium because the rush will be short-lived. Stupid or smart?

 

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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

Here are the best performing ASX small cap stocks for May 2–6:

Swipe or scroll to reveal full table. Click headings to sort:

Seafood wrangler East 33 (ASX:E33)   is “significantly ahead of expectation” following a strong April performance.

Former struggler Pacific Bauxite (ASX:PBX)  recommenced trading on the ASX following a recapitalisation. It has $4m in cash to explore its PGE projects in WA.

Hydrocarbon Dynamics (ASX:HCD) reveals that a recently announced order to chemically treat 30 wells, plus a follow up order, came from oil and gas giant Santos.

 

LAST WEEK’S BIGGEST SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for May 2 – 6:

Swipe or scroll to reveal full table. Click headings to sort: