Rise and Shine: What you need to know before the ASX opens
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It’s Friday, Friday. Gotta get down on Friday.
Some big stuff out today: the Australian Industry Group releases monthly figures on manufacturing companies, the RBA releases commodity index data and CoreLogic is dropping housing data.
Expect a ton of stories on affordability in Sydney to go viral.
Three companies due to come out of a trading halt today. ELK Petroleum (ASX:ELK), with a refinancing update; Axiom Mining (ASX:AVQ), releasing a “major” financing and off-take agreement for its nickel mine in the Solomon Islands; and Silver Heritage Group (ASX:SVH) is dropping an announcement regarding its contract and operations at Phoenix International in Vietnam.
No shares coming out of escrow today.
Gold: $US1312.59 -0.36%
Silver: $US15.59 -0.88%
Oil (Brent): $US66.09 -0.65%
Oil (WTI): $US57.09 +0.44%
Coal: $US95 +0.23%
Iron ore 62% fe: $US87.47 -0.26%
AUD/USD: $US0.7096 -0.59%
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This author finally got the chance to nerd out a little and use a picture from The Legend of Zelda: Breath of the Wild in a story about Zelda Therapeutics (ASX:ZLD) yesterday.
— Stockhead (@StockheadAU) February 28, 2019
Zelda is looking into adding breast cancer to its clinical lineup, and that was of interest over on the Stockhead Facebook forum, as was a story from Rueben Adams on former sex toy seller turned miner Delecta’s (ASX:DLC) financials.
These were the most-discussed stocks at close on stock gossip forum HotCopper:
— HotCopper (@HotCopper) February 28, 2019
Shares in listed junior Atrum (ASX:ATU) rose 35 per cent yesterday to 25c, thanks to a bit of ‘nearology’: it has a neighbouring project near where an unlisted Canadian coal explorer called Riversdale Resources has one.
On Tuesday afternoon private miner Hancock Prospecting launched a sensational takeover offer for Riversdale, valuing the company at about $740 million.
Parkd (ASX:PKD) shares rose 28 per cent to 16c yesterday thanks to some new board appointments.
Parkd hired Robert Martin, a two-decade mining expert whose previous company was supposedly sold for an “an undisclosed multi-million dollar sum”, as a director.
|ASX code||Company name||Price||% change||Market cap||Volume|
|GLA||Gladiator Resources Ltd||0.003||50%||$4,400,000||18.7M|
|VAL||Valor Resources Ltd||0.003||50%||$5,700,000||6.4M|
|PAK||Pacific American Coal Ltd||0.045||45%||$7,400,000||3.2M|
|PEC||Perpetual Resources Ltd||0.045||36%||$11,200,000||217.0k|
|ATU||Atrum Coal Ltd||0.25||35%||$86,600,000||13.6M|
|AFR||African Energy Resources Ltd||0.016||33%||$10,000,000||8.5k|
|MTB||Mount Burgess Mining NL||0.004||33%||$1,800,000||476.4k|
|PCL||Pancontinental Oil & Gas NL||0.002||33%||$10,800,000||38.4M|
|MEY||Marenica Energy Ltd||0.12||30%||$8,100,000||379.2k|
|CIO||Connected IO Ltd||0.0025||25%||$4,500,000||1.9M|
|PNN||PepinNini Lithium Ltd||0.005||25%||$3,600,000||425.0k|
|QGL||Quantum Graphite Ltd||0.0025||25%||$18,700,000||145.9k|
|XAM||Xanadu Mines Ltd||0.14||22%||$90,700,000||3.3M|
|NAE||New Age Exploration Ltd||0.006||20%||$4,300,000||14.5M|
The day’s biggest loser was Victory Mines (ASX:VIC), which fell 60 per cent to 0.2c. Wednesday was the first day the company has been trading on the ASX since it was suspended on September 11 last year following a lot of questions from the ASX.
|ASX code||Company name||Last price||% change||Market cap||Volume|
|VIC||Victory Mines Ltd||0.002||-60%||$3,700,000||29.9M|
|GES||Genesis Resources Ltd||0.004||-50%||$3,100,000||25.0k|
|FOD||Food Revolution Group Ltd/The||0.07||-39%||$35,200,000||12.1M|
|TBH||Betmakers Holdings Ltd/The||0.035||-31%||$7,800,000||1.8M|
|UUV||UUV Aquabotix Ltd||0.03||-29%||$4,800,000||461.5k|
|FGO||Flamingo AI Ltd||0.005||-29%||$5,600,000||55.4M|
|ST1||Spirit Telecom Ltd||0.1||-28%||$28,200,000||387.2k|
|DHR||Dark Horse Resources Ltd||0.003||-25%||$5,900,000||8.0M|
|OAR||Oakdale Resources Ltd||0.015||-25%||$1,000,000||110.2k|
|MIL||Millennium Services Group Ltd||0.18||-22%||$8,500,000||1.4M|
|WML||Woomera Mining Ltd||0.033||-21%||$3,700,000||482.9k|
|WBE||Whitebark Energy Ltd||0.004||-20%||$6,300,000||3.5M|
|SPX||Spectrum Metals Ltd||0.004||-20%||$4,200,000||2.0M|
|LSR||Lodestar Minerals Ltd||0.008||-20%||$6,000,000||450.0k|
|FTT||Factor Therapeutics Ltd||0.004||-20%||$4,200,000||233.5k|
That’s all you need to know. Here comes the weekend.