On Stockhead today, 35 reasons why you should listen to Guy le Page, are US and Aussie tech stocks gearing for growth, and the most in-demand ASX stocks right now.
But first, the day ahead.
In the coming week, the Reserve Bank (RBA) dominates the economic calendar following its summer hiatus.
Today, the RBA will release the private sector credit data for December and the Melbourne Institute will issue the January inflation gauge.
Commonwealth Bank says credit may have lifted by 0.8pc in the month.
WHO’S LISTING?
Great Boulder’s (ASX:GBR) spin-off Cosmo Metals under the code CMO at 9.30 AWST/12.30PM AEDT.
Its flagship Yamarna project is a multi-commodity opportunity, 130km northeast of Laverton in the Eastern Goldfields district of Western Australia, comprising the Yamarna and Winchester exploration areas.
The project holds advanced copper-nickel-cobalt sulphide discoveries at the Mt Venn and Eastern Mafic prospects, with mineralisation at Mt Venn extending more than 1.5km and offering near-term resource definition potential.
GBR will hold a 50% share in Cosmos as a substantial shareholder.
TRADING HALTS
The following companies are in trading halts and are expected out in the next few trading days:
Agrimin Ltd (ASX:AMN) — Capital raising
Cassius Mining (ASX:CMD) — Tenement acquisition/capital raising
Zenith Minerals (ASX:ZNC) — Exploration update
Superior Resources (ASX:SPQ) — Capital raising
Comet Resources (ASX:CML) — Acquisition
Veris Ltd (ASX:VRS) — Divestment transaction
Westar Resources (ASX:WSR) — Exploration results
IODM Ltd (ASX:IOD) — Capital raising
Rumble Resources (ASX:RTR) — Exploration results
MARKETS (prices updated at 8.00am AEDT)
Gold: US$1791.36 ($2,563.85) (-0.29%)
Silver: US$22.40 (-1.32%)
Oil (WTI): US$87.29 (+0.79%)
Oil (Brent): US$89.80 (+1.50%)
Coal: US$227.65 (+0.02%)
Iron 62pc Fe: US$130.81 ((+0.65%)
AUD/USD: 0.6988 (-0.64%)
Bitcoin: US$38.034 (+0.94%)
WHAT GOT YOU TALKING LAST WEEK?
Fellow Stockhead writer Sam Jacobs got you talkin’.
He gave us the low-down on why local stocks were keeled over in the foetal position last Thursday, following another stomach punch — this time breaking below the 6,900 support level with another +1% fall.
And Blue Star Helium’s latest news surrounding its upcoming drill program in Colorado got your heads turning.
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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
(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 |
|---|---|---|---|---|
| FRE | Firebrickpharma | 0.53 | 165.0% | 15,999,693 |
| ANL | Amani Gold Ltd | 0.002 | 100.0% | 21,137,948 |
| NPM | Newpeak Metals | 0.0015 | 50.0% | 2,100,000 |
| IEC | Intra Energy Corp | 0.022 | 46.7% | 1,875,199 |
| ARR | American Rare Earths | 0.4 | 42.9% | 8,022,974 |
| DLT | Delta Drone Intl Ltd | 0.025 | 31.6% | 1,850,376 |
| GSR | Greenstone Resources | 0.046 | 31.4% | 4,283,176 |
| PH2 | Pure Hydrogen Corp | 0.47 | 28.8% | 9,971,964 |
| PVW | PVW Res Ltd | 0.52 | 25.3% | 205,599 |
| HVY | Heavymineralslimited | 0.2 | 25.0% | 366,674 |
| AUH | Austchina Holdings | 0.01 | 25.0% | 49,124,528 |
| CGB | Cann Global Limited | 0.0025 | 25.0% | 2,357,629 |
| CLE | Cyclone Metals | 0.005 | 25.0% | 1,979,556 |
| EN1 | Engage:Bdr Limited | 0.0025 | 25.0% | 4,669,580 |
| GTG | Genetic Technologies | 0.005 | 25.0% | 10,141,908 |
| MGT | Magnetite Mines | 0.038 | 22.6% | 17,107,969 |
| ESS | Essential Metals Ltd | 0.495 | 22.2% | 9,651,004 |
| RRR | Revolverresources | 0.475 | 21.8% | 361,222 |
| ICL | Iceni Gold | 0.14 | 21.7% | 406,600 |
| TKL | Traka Resources | 0.017 | 21.4% | 565,790 |
| WIA | WIA Gold Limited | 0.076 | 20.6% | 902,962 |
| PTG | Proptech Group | 0.5 | 20.5% | 341,814 |
| ENA | Ensurance Ltd | 0.24 | 20.0% | 677,769 |
| KEY | KEY Petroleum | 0.003 | 20.0% | 356,682 |
| RAP | Resapp Health Ltd | 0.061 | 19.6% | 1,965,454 |
After Firebrick, small cap gains on Friday were led by Intra Energy Corp (ASX:IEC), as investors applauded its ongoing pivot away from coal with the acquisition of a nickel-copper-PGE project near Kalbarri, WA, called ‘Yalgarra’.
Also rising strongly was American Rare Earths (ASX:ARR), which released an investor letter highlighting its 2021 achievements and flagging plans to “significantly increase the 170 million tonne JORC Resource” at its La Paz rare earths project in Arizona.
And Pure Hydrogen (ASX:PH2) ripped higher in afternoon trade, after announcing its investee company, H2X Global Limited, has signed a binding agreement with Advik Hi-Tech to establish a joint venture where the parties “will manufacture, source and supply products and components for hydrogen vehicles and powered products for India and for other international markets”, PH2 said.
Advik is “a global leader in the automotive components core supplier of high technology components to almost all major Original Equipment Manufacturers (OEMs) with over US$100 million in annual revenues”, the company added.
Among quarterly reporting season winner, ResApp Health (ASX:RAP) rose strongly, as the company announced its ResAppDx respiratory diagnostics product is now live on telehealth platforms in Europe, Australia and Indonesia.
The company booked operating cash outflows of $969,000, on cash receipts of $124,000 and finished the quarter with $3.37m in the bank.
LAST WEEK’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| ADO | Anteotech Ltd | 0.225 | -28.6% | 34,827,616 |
| CCE | Carnegie Cln Energy | 0.002 | -20.0% | 3,130,619 |
| RBR | RBR Group Ltd | 0.004 | -20.0% | 2,050,000 |
| BUD | Buddy Tech | 0.011 | -18.5% | 13,446,636 |
| LNY | Laneway Res Ltd | 0.005 | -16.7% | 1,100,000 |
| AJY | Asaplus Resources | 0.022 | -15.4% | 73,309 |
| AOA | Ausmon Resorces | 0.006 | -14.3% | 307,453 |
| VOR | Vortiv Ltd | 0.024 | -14.3% | 2,361,436 |
| DMC | Design Milk Co Ltd | 0.335 | -14.1% | 75,213 |
| HFY | Hubify Ltd | 0.05 | -13.8% | 77,894 |
| ABV | Adv Braking Tech Ltd | 0.032 | -13.5% | 249,361 |
| CBE | Cobre | 0.08 | -13.0% | 166,250 |
| EVE | EVE Health Group Ltd | 0.0035 | -12.5% | 1,742,578 |
| RCW | Rightcrowd | 0.175 | -12.5% | 266,905 |
| 1ST | 1St Group Ltd | 0.012 | -12.0% | 1,598,293 |
| CII | CI Resources Limited | 0.97 | -11.8% | 2,000 |
| RML | Resolution Minerals | 0.015 | -11.8% | 642,079 |
| YBR | Yellow Brick Road | 0.115 | -11.5% | 1,005,941 |
| OSP | Osprey Med Inc | 0.435 | -11.2% | 54,125 |
| ANR | Anatara Ls Ltd | 0.12 | -11.1% | 189,878 |
| AO1 | Assetowl Limited | 0.004 | -11.1% | 1,886,742 |
| AQX | Alice Queen Ltd | 0.008 | -11.1% | 8,142,582 |
| JAY | Jayride Group | 0.17 | -10.5% | 180,919 |