Rise and Shine: What you need to know before the ASX opens

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On Stockhead today, pot for pets is now a thing, why it’s worth paying your banker extra for a little more love, and a real live investor gives us his gold and rare earths stock picks.

But first:

The day ahead

It’s a quiet Friday of data to end the week, with Japanese inflation data for June (expected to remain soft at 0.7 per cent) the only update of note in Asian markets.

Looking abroad, the US has the University of Michigan consumer sentiment survey for July and James Bullard from the US Fed will give a speech on financial technology.

Company news

The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:

Friday:
Bod Australia (ASX: BDA) – strategic partnership
St George Mining (ASX: SGQ) – capital raise
Cynata Therapeutics (ASX: CYP) – response to ASX query

Monday:
Volt Resources (ASX: VRC) – capital raising
Shareroot (ASX: SRO) – capital raising
Jiajiafu Modern Agriculture (ASX: JJF) – director replacement

Markets

Gold: $US1,446.22 ($2,043.99) +0.46%

Silver: $US16.34 +2.52%

Oil (Brent): $US62.50 -1.82%

Oil (WTI): $US55.71 -1.88%

Coal: $US74.87 -0.41%

Iron ore 62pc fe: $US121.14 -0.14%

AUD/USD: $US0.7076 +0.95%

What got you talking yesterday

Among the top stories on Stockhead yesterday, how ‘phytomining’ could transform mine waste into cash, why billionaire hedge funder Ray Dalio likes the look of gold, and a summary of the best performing ASX investment funds for FY19.

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday, July 18:

Close Top 5 #MostDiscussedStocks: $DEG $LTR $GXY $AVZ $PLS #asx #ausbiz https://t.co/xOFzWmkzay

— HotCopper (@HotCopper) July 18, 2019

Yesterday’s winners

Medical tech company Imagion Biosystems (ASX: IBX) caught the market’s attention after winning hard-fought special privileges from the US Food & Drug Administration for its MagSense breast cancer detection technology.

The “breakthrough device” technology means IBX will be able to speed up the approval process as it moves towards clinical testing in humans.

Shares in the company initially roared ahead by more than 200 per cent, before closing 155 per cent higher.

These were the best performing small-caps on the ASX for Thursday, July 18:

Yesterday’s losers

Resources minnow PepinNini Lithium Limited (ASX: PNN) fell by more than more than 40 per cent after announcing it will hold an extraordinary special meeting on September 5.

Five resolutions will be tabled regarding the conversion of a director’s loan to equity and the ratification of previous issues of shares and options, which occurred between October 2018 and May 2019.

These were the best performing small-caps on the ASX for Thursday, July 18:

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