On Stockhead today, we need to talk about rutile, the stocks with the highest profit margins, and all the data drops this week.

But first, the day ahead.

Local shares are set to open higher today. At 8am AEDT, the ASX 200 July futures is pointing up by 0.80%.

From Christian Edwards’ Traders Diary, because you don’t mess with madness perfection:

On the bank side of things the  current plaything of Christine Lagarde, the ECB, is likely to increase its policy rate by 0.25% on Thursday.

The BoJ is expected to leave monetary policy on hold on Thursday, but there is some risk that it may weaken its bond target.

Japanese inflation for June is expected to fall to 2.4% yoy (from 2.5%) and core inflation is expected to rise to 0.9% yoy (from 0.8%).

At home, the minutes from the last RBA meet drop on Tuesday.

New Zealand CPI today could be interesting.

 

TRADING HALTS

Southern Hemisphere Mining (ASX:SUH) – Capital raise.

Spectur (ASX:SP3) – Capital raise.

Arizona Lithium (ASX:AZL) – Capital raise.

Asra Minerals (ASX:ASR) – Capital raise.

Meeka Gold (ASX: MEK) – Not a capital raise. Meeka’s got material results from exploration activities on the way.

MARKETS

Gold: $US1,706.54 (+0.03%)

Silver: $US18.71 (+0.11%)

Nickel (3mth): $US19,385/t (0.00%)

Copper (3mth): $US7,190.50/t (0.00%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, June 30): $US69,750/t (0.0% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 30): $US70,875/t (0.0% weekly)

Oil (WTI): $US97.52 (-0.06%)

Oil (Brent): $US100.93 (-0.27%)

Iron 62pc Fe: $US104.30 (-1.61%)

AUD/USD: 0.6792 (-0.01%)

Bitcoin: $US21,041 (-0.76%)

 

WHAT GOT YOU TALKING?

Uranium. Will we or won’t we?

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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.

 

FRIDAY’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.

 

Top of the pops was Riedel Resources (ASX:RIE), up a walloping 60% after assays from the Tintic zone at its Kingman gold project in Arizona, USA, returned high-grade gold and silver results, including 1.5m at 27.5g/t Au and 37g/t Ag from 13.7m.

Falcon Metals (ASX:FAL) was up close to 46% for the day after it flagged aircore results of 40m at 2.81g/t gold from 50m at the Ironbark East prospect – part of its Pyramid Hill project in Victoria.

Labyrinth Resources (ASX:LRL) stormed into the weekend on a bit of a giddy high, up around 20% after Materials sector junkies saw an opportunity to get their fix on the back of some hefty-looking drilling assay results at the company’s Canadian gold project.

The results include some decent core assays, such as 2.75m @ 7.25g/t from 239m and 3.65m @ 5.41g/t from 30m, including a couple of fantastically rich short burst of golden excitement, to the tune of 1.0m @ 18.43g/t with a dragon-pleasing 0.3m @ 43.06g/t hit as the jewel in the crown.

Medicinal cannabis stocks also did well Friday, with Zelira Therapeutics (ASX:ZLD) resuming what looks like a relentless march into the Big Time, up another 19% to end the week up more than 170%.

Althea Group (ASX:AGH) was on the gravy boat with Zelira, up 30% for the day to round out the week’s effort with 63% on the scoreboard.

 

TODAY’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.