On Stockhead today, how Imugene can become a multibagger again, Kogan is an utter bargain, and John So’s ASX energy– wait, did that say A BARGAIN?

But first, the day ahead.

Local shares are set to open higher today. At 8am AEST, the ASX 200 September futures contract is pointing up by 0.40%.

Today the ABS releases detailed labour force figures for July. Commsec says the focus will be on the regional unemployment rate, which hit a record low 3.7% in June.

Bigger companies due to release earnings results and updates include Flight Centre, Qantas, South32, Whitehaven Coal, and Woolworths.

 

TRADING HALTS

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

Equus Mining (ASX:EQE) – Capital raise, because horse mining ain’t cheap.

Metalicity (ASX:MCT) – Metalicity’s got news about a lithium project acquisition – if you’re a hardcore battery enthusiast, you probably won’t want to miss it.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,751.74 (+0.23%)

Silver: $US19.12 (-0.20%)

Nickel (3mth): $US21,480/t (-1.22%)

Copper (3mth): $US8,027/t (-1.15%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, Aug 17): $US71,200/t (+90.2% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Aug 17): $US71,775/t (+127.4% year-to-date)

Oil (WTI): $US95.25 (+1.61%)

Oil (Brent): $US101.84 (+1.60%)

Iron 62pc Fe: $US105.55 (-0.02%)

AUD/USD: 0.69010 (-0.19%)

Bitcoin: $US21,520(-0.06%)

 

WHAT GOT YOU TALKING YESTERDAY?

This rare earths play is cheap and could have big upside, says Le Page.

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).

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Lithium explorer Arcadia Minerals (ASX:AM7) increased resources by +500% to 287,000t LCE at the flagship Bitterwasser lithium clay project in Namibia.

It is equivalent to a 1% lithium hard rock resource of 11.6Mt, the company says.

New IPO Heavy Rare Earths (ASX:HRE) enjoyed a strong debut. This company holds the Cowalinya clay-hosted rare earths project in the WA and two exploration licences in the NT which form the Duke project.

At Cowalinya, a JORC inferred mineral resource of 28 million tonnes at 625ppm TREO has been declared, with 25% being valuable magnet rare earths.

And plant-based food, nutraceutical and skincare company LiveVerdure (ASX:LV1) has appointed Mark Tucker, former L’Oréal managing director, as CEO effective immediately.

During his tenure at L’Oréal Australia, revenue grew from $12m to more than $400m – making L’Oréal the leading beauty business in the Australian market, LV1 says.

YESTERDAY’S BIGGEST SMALL CAP LOSERS

(Stocks highlighted in red fell after making announcements during the trading day).

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