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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the giant new vanadium redox flow batteries under construction, Barry Fitz gets fireside with Bellevue Gold MD Steve Parsons, and the Singapore-focused ASX small caps cashing in on Hong Kong’s troubles.
But first:
The day ahead
There’s nothing much of note on the data calendar today (both locally and abroad), aside from a raft of preliminary July PMI numbers in the US, Europe and Japan.
Company news
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Wednesday:
Exopharm (ASX: EX1) – capital raising
Simble Solutions (ASX: SIS) – capital raising
Agency Group (ASX: AU1) – capital raising
Dreamscape Networks (ASX: DN8) – control transaction
Lindian Resources (ASX: LIN) – capital raising.
Thursday:
Pacific Energy (ASX: PEA) – change of control transaction
Alliance Mineral Assets (ASX: A40) – corporate update
Marenica energy (ASX: MEY) – capital raising.
Markets
Gold: $US1,416.97 ($2,023.66) -0.09%
Silver: $US16.36 +0.01%
Oil (Brent): $US64.22 +1.52%
Oil (WTI): $US57.11 +1.58%
Coal: $US75.25 +0.18%
Iron ore 62pc fe: $US119.50 -1.65%
AUD/USD: $US0.7002 -0.48%
What got you talking yesterday
Over on Stockhead’s Facebook group chat, new member Jesse Schmidt asked how investors should go about locking in returns on their small cap investments.
“Should I have a plan in place when I see a return or just assess every week as I go? What are the main things you all look for when timing a sell and moving onto the next?,” he asked.
And there were plenty of fellow Stockheads willing to offer some advice. You can sign up to the Stockhead member’s page here.
These were the five most-discussed stocks among ASX small-cap investors on Tuesday, July 23:
$AJM — Altura Mining
$JAT — Jat Energy Ltd
$LTR — Liontown Resources
$ECT — Environmental Clean Technologies Ltd
$AUZ — Australia Mines Ltd
Yesterday’s winners
There were a couple of double-ups among the penny stocks, while Amplia Therapeutics (ASX: ATX) — which rocketed up in morning trade after getting positive pre-clinical data on its cancer-fighting drug — cooled off to close 24 per cent higher.
These were the best performing stocks at the close of trade on Tuesday, July 23:
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| SHK | Stone Resources Australia Ltd | 0.002 | +100.00% | $1.6M | 955.1k |
| XST | XState Resources Ltd | 0.002 | +100.00% | $2.3M | 5.3M |
| CAD | Caeneus Minerals Ltd | 0.0015 | +50.00% | $3.2M | 750.0k |
| CAV | Carnavale Resources Ltd | 0.003 | +50.00% | $2.2M | 10.6k |
| CZN | Corazon Mining Ltd | 0.003 | +50.00% | $4.9M | 6.4M |
| DTR | Dateline Resources Ltd | 0.003 | +50.00% | $24.4M | 31.0M |
| INK | Indago Energy Ltd | 0.07 | +40.38% | $18.5M | 320.0k |
| UCW | UCW Ltd | 0.18 | +38.46% | $19.9M | 1.2M |
| BMG | BMG Resources Ltd | 0.0015 | +36.36% | $8.4M | 46.1M |
| BUY | Bounty Oil & Gas NL | 0.004 | +33.33% | $3.8M | 500.0k |
| MZN | Marindi Metals Ltd | 0.002 | +33.33% | $4.5M | 3.5M |
| SHH | Shree Minerals Ltd | 0.008 | +33.33% | $4.9M | 9.3M |
| ZEU | ZEUS Resources Ltd | 0.009 | +28.57% | $1.6M | 86.0k |
| AXE | Archer Exploration Ltd | 0.14 | +27.27% | $27.6M | 2.6M |
| BNR | Bulletin Resources Ltd | 0.02 | +26.67% | $3.4M | 700.0k |
| PAA | PharmAust Ltd | 0.07 | +25.93% | $19.1M | 3.4M |
| BLZ | Blaze International Ltd | 0.03 | +25.00% | $5.3M | 562.5k |
| PCL | Pancontinental Oil & Gas NL | 0.0025 | +25.00% | $13.5M | 3.1M |
| SI6 | Six Sigma Metals Ltd | 0.005 | +25.00% | $2.8M | 2.2M |
| ATX | Amplia Therapeutics Ltd | 0.16 | +24.00% | $8.1M | 1.4M |
Yesterday’s losers
These were the worst performing stocks at the close of trade on Tuesday, July 23:
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| GPP | Greenpower Energy Ltd | 0.002 | -50.00% | $2.0M | 100.0k |
| QGL | Quantum Graphite Ltd | 0.001 | -33.33% | $15.3M | 400k |
| PCH | Property Connect Holdings Ltd | 0.001 | -33.33% | $1.4M | 11.7k |
| LKO | Lakes Oil NL | 0.002 | -33.33% | $33.4M | 43.8M |
| CLZ | Classic Minerals Ltd | 0.003 | -33.33% | $3.8M | 3.1M |
| RFN | Reffind Ltd | 0.003 | -25.00% | $1.8M | 94.5k |
| KEY | Key Petroleum Ltd | 0.003 | -25.00% | $4.6M | 250.0k |
| IVO | Invigor Group Ltd | 0.003 | -25.00% | $8.6M | 4.4M |
| AKN | Auking Mining Ltd | 0.003 | -25.00% | $1.4M | 250.0k |
| AIR | Astivita Ltd | 0.8 | -21.57% | $15.2M | 17.5k |
| NWE | Norwest Energy NL | 0.002 | -20.00% | $6.8M | 350.0k |
| MAY | Melbana Energy Ltd | 0.008 | -20.00% | $15.0M | 14.7M |
| EVE | EVE Investments Ltd | 0.004 | -20.00% | $10.0M | 645.0k |
| DTZ | Dotz Nano Ltd | 0.06 | -18.99% | $14.0M | 1.8M |
| ALC | Alcidion Group Ltd | 0.16 | -18.42% | $125.7M | 15.3M |
| NAG | Nagambie Resources Ltd | 0.04 | -18.37% | $17.5M | 31.0k |
