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

On Stockhead today, we give you the lowdown on where the cannabis industry is heading, will Rex repeat history with a former Western Mining copper project, and the European EV revolution is closer than we thought.

But first:

The day ahead

In Sydney this morning (8:30am AEST), the RBA’s Chris Kent will give a speech on the central bank’s Committed Liquidity Facility — the fund major lenders use to maintain their capital requirements in line with international banking standards.

It’s relatively quiet on the global data front, where all eyes will be on the UK with Boris Johnson expected to win the Conservative Party leadership ballot and become UK Prime Minister later this evening.

Company news

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

Tuesday:
BBX Minerals (ASX:BBX) – capital raise
New Energy Minerals (ASX:NXE) – statuatory demand outcome
Canyon Resources (ASX:CAY) – capital raising
Dotz Nano (ASX:DTZ) – capital raising

Wednesday:
Exopharm (ASX:EX1) – capital raising
Otto Energy (ASX:OEL) – wireline evaluation results
Simble Solutions (ASX:SIS) – capital raising
Agency Group (ASX:AU1) – capital raising
Altura Mining (ASX:AJM) – strategic investment
Dreamscape Networks (ASX:DN8) – control transaction
Lindian Resources (ASX:LIN) – capital raising

Markets

Gold: $US1,424.61 ($2,025.03) +0.07%

Silver: $US16.36 +0.01%

Oil (Brent): $US63.32 -0,03%

Oil (WTI): $US56.22 +0.81%

Coal: $US75.43 -0,20%

Iron ore 62pc fe: $US121.50 +0.41%

AUD/USD: $US0.7035 +0.01%

What got you talking yesterday

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Monday, July 22:

Close Top 5 #MostDiscussedStocks: $LTR $AJM $SUD $WKT $AGY #asx #ausbiz https://t.co/xOFzWmkzay

— HotCopper (@HotCopper) July 22, 2019

Yesterday’s winners

Aside from the percentage moves in penny stocks, chemical tech company SciDev (ASX:SDV) was the day’s big mover with a gain of almost 40 per cent.

The stock closed at 18.5c after SDV announced it had received its “first major order for friction reducers in the oil & gas market destined for the US Permian basin”. The sales are expected to generate revenue of $1.08m.

These were the best performing stocks at the close of trade on Monday, July 22:

Yesterday’s losers

These were the worst performing stocks at the close of trade on Monday, July 22: