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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, the most important crucial mineral you’ve never heard of, why is gold the new Covid oil, and how miners and traditional owners are making it work.
But first the day ahead.
The Aussie Bureau of Stats today issues data on export and import prices for the June quarter, as well as retail trade.
An update on the Federal Budget from Treasurer Jim Chalmers is also scheduled for release.
Miners dominate reporting season today. Can’t-miss earnings results are due from the likes of Pilbara Minerals (ASX:PLS), Mineral Resources (ASX:MIN), Sandfire Resources (ASX:SFR), and Fortescue Metals (ASX:FMG).
TRADING HALTS
The following companies are in trading halts and are expected out in the coming days:
Lindian Resources (ASX:LIN) – There’s an update on the way about the proposed acquisition of Rift Valley Resource Developments and its Kangankunde Rare Earths Project in Malawi.
Globe Metals & Mining (ASX:GBE) – Globe’s calling for a time-out, so it can get on top of managing its continuous disclosure requirements.
Memphasys (ASX:MEM) – Capital raise
Siren Gold (ASX:SNG) – Who could possibly resist the Siren SNG, calling out for a capital raise?
Creso Pharma (ASX:CPH – Capital raise
Way2Vat (ASX:W2V) – There’s an acquisition in the works!
New World Resources (ASX:NWC) – NWC wants time to consider, plan and execute a capital raise. They’re not the only ones.
Linius Technologies (ASX:LNU) – Capital raise.
Theta Gold Mines (ASX:TGM) – Theta’s got a DFS on the way.
dorsaVi (ASX:DVL) – … it’s a capital raise.
Cygnus Gold (ASX:CY5) – Material acquisition! … and a capital raise.
Metro Mining (ASX:MMI) – announcement regarding completion of an institutional placement and launch of a share purchase plan.
Cipherpoint (ASX:CPT) – Ooooh. An acquisition.
K-TIG (ASX:KTG) – Material agreement announcement incoming.
NuEnergy Gas (ASX:NGY) – Price and volume query.
COMMODITY/ FOREX/ CRYPTO MARKET PRICES
Gold: $US1,725.50 (+0.31%)
Silver: $US18.83 (+1.26%)
Nickel (3mth): $US21,685/t (+0.53%)
Copper (3mth): $US7,592/t (+0.70%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, June 30): $US69,750/t
Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 30): $US70,875/t
Oil (WTI): $US95.8 (+0.92%)
Oil (Brent): $US104.97 (+0.77%)
Iron 62pc Fe: $US110.00 (+5.77%)
AUD/USD: 0.6956 (+0.10%)
Bitcoin: $US22,052 (-3.33%)
WHAT GOT YOU TALKING YESTERDAY?
Guy is a geologist, experienced stockbroker, and former (or current?) record-holding weightlifter. He’s also pretty good at picking stocks.
$ADD has been featured in Stockhead series “Guy on Rocks”, where former geologist and experienced stockbroker Guy Le Page shares his high conviction views on the market and his “hot stocks to watch”.
Read the $ADD.ax feature here: https://t.co/AovKsEbCpO#ASX #nickel #uranium
— Adavale Resources Limited (@AdavaleL) July 27, 2022
And big, nay huge, news for uranium stocks.
GERMANY IS RETHINKING ITS NUCLEAR POWER DEPARTURE DUE TO THE DANGER OF A WINTER ENERGY SHORTAGE – FT.
— Breaking Market News ⚡️ (@financialjuice) July 26, 2022
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.
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 preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
YESTERDAY’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 | % | Volume |
|---|---|---|---|---|
| SZL | Sezzle Inc. | 0.705 | 96% | 25,697,164 |
| LBY | Laybuy Group Holding | 0.08 | 86% | 10,991,393 |
| CBE | Cobre | 0.088 | 80% | 29,809,849 |
| NGY | Nuenergy Gas Ltd | 0.029 | 71% | 2,142,167 |
| PSC | Prospect Res Ltd | 0.081 | 62% | 102,722,539 |
| MGG | Mogul Games Grp Ltd | 0.003 | 50% | 331,435 |
| NTL | New Talisman Gold | 0.0015 | 50% | 500,000 |
| VMG | VDM Group Limited | 0.0015 | 50% | 7,000,391 |
| INP | Incentiapay Ltd | 0.01 | 43% | 1,363,399 |
| DOU | Douugh Limited | 0.0395 | 36% | 14,581,306 |
| IND | Industrial Minerals | 0.34 | 36% | 83,648 |
| HE8 | Helios Energy Ltd | 0.093 | 29% | 2,958,670 |
| ADV | Ardiden Ltd | 0.009 | 29% | 2,554,176 |
| OPY | Openpay Group | 0.3275 | 28% | 2,278,500 |
| PYR | Payright Limited | 0.115 | 28% | 52,675 |
| OLY | Olympio Metals Ltd | 0.15 | 25% | 90,873 |
| AUK | Aumake Limited | 0.005 | 25% | 1,334,373 |
| PGM | Platina Resources | 0.032 | 23% | 440,558 |
| SPX | Spenda Limited | 0.016 | 23% | 31,640,523 |
| FFG | Fatfish Group | 0.035 | 21% | 3,188,742 |
| ABE | Ausbondexchange | 0.35 | 21% | 93,792 |
| SKF | Skyfii Ltd | 0.0675 | 21% | 351,022 |
| FGL | Frugl Group Limited | 0.018 | 20% | 91,279 |
| BIR | BIR Financial Ltd | 0.03 | 20% | 243,387 |
| TYX | Tyranna Res Ltd | 0.024 | 20% | 24,491,987 |
Cobre (ASX:CBE) was +80% after making a “significant new copper discovery” at the Ngami project in Botswana.
Frugl (ASX:FGL), which ostensibly finds the cheapest groceries for shoppers using publicly available data, has “experienced record user growth following its release commencing December 2021”.
Meanwhile Buy Now, Pay Later stocks were on fire.
And up almost 100% on no news was jilted Zip Co partner Sezzle (ASX:SZL) which is now in a trading halt pending the answer to a price and volume query.
Zip (ASX:ZIP) was also up 20% for no apparent reason. Month to date, that bad boy is up circa 150%.
YESTERDAY’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 | % | Volume |
|---|---|---|---|---|
| TSC | Twenty Seven Co. Ltd | 0.002 | -33% | 502,091 |
| ATU | Atrum Coal Ltd | 0.005 | -29% | 8,091,843 |
| ANL | Amani Gold Ltd | 0.0015 | -25% | 4,540,407 |
| ICN | Icon Energy Limited | 0.014 | -18% | 116,552 |
| MRI | My Rewards International | 0.053 | -17% | 8,449 |
| BEZ | Besragoldinc | 0.034 | -17% | 150,000 |
| AL8 | Alderan Resource Ltd | 0.01 | -17% | 16,301,537 |
| APC | Aust Potash Ltd | 0.04 | -17% | 5,289,859 |
| DXN | DXN Limited | 0.005 | -17% | 1,500,643 |
| HIO | Hawsons Iron Ltd | 0.34 | -16% | 11,774,988 |
| DRM | Demetallicalimited | 0.21 | -16% | 206,217 |
| NUH | Nuheara Limited | 0.22 | -15% | 209,650 |
| MOB | Mobilicom Ltd | 0.034 | -15% | 504,840 |
| NTD | National Tyre&Wheel | 0.895 | -15% | 1,345,052 |
| ROO | Roots Sustainable | 0.003 | -14% | 800,000 |
| NCR | Nucoal Resources Ltd | 0.0095 | -14% | 1,914,050 |
| CML | Chase Mining Limited | 0.013 | -13% | 5,199,295 |
| RFR | Rafaella Resources | 0.026 | -13% | 841,082 |
| IVT | Inventis Limited | 0.079 | -13% | 100,000 |
| NET | Netlinkz Limited | 0.033 | -13% | 1,425,122 |
| ARO | Astro Resources NL | 0.0035 | -13% | 340,000 |
| CLE | Cyclone Metals | 0.0035 | -13% | 2,611,264 |
| NAE | New Age Exploration | 0.007 | -13% | 2,938,910 |
| TNY | Tinybeans Group Ltd | 0.21 | -13% | 70,299 |
| FG1 | Flynngold | 0.092 | -12% | 336,945 |
