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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, China’s graphite imports are off the scale, AustralianSuper gets into beer, and how online privacy for kids affects small caps.
But first:
The day ahead
A speech this afternoon from RBA governor Philip Lowe will likely get plenty of attention. Titled “Inflation Targeting & Economic Welfare”, it may offer clues to the central bank’s outlook after the RBA recently cut rates twice in response to falling inflationary pressures.
Looking abroad, the European Central Bank will make its policy announcement later tonight which Westpac says is “likely to pave the way for September easing”.
On the data front, the US has durable goods orders, initial jobless claims and the July manufacturing index from the Kansas City Federal Reserve.
Company news
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Thursday:
Alliance Mineral Assets (ASX: A40) – corporate update
Marenica energy (ASX: MEY) – capital raising.
Friday:
Oventus Medical (ASX: OVN) – capital raising
Kalium Lakes (ASX: KLL) – capital raising
Bellevue Gold (ASX: BGL) – capital raising
PSC Insurance (ASX: PSI) – capital raising
Black Rock Mining (ASX: BKT) – DFS release.
Markets
Gold: $US1,425.62 ($2,043.17) +0.97%
Silver: $US16.60 +0.01%
Oil (Brent): $US63.10 -0.03%
Oil (WTI): $US55.90 -1.13%
Coal: $US74.92 -0.44%
Iron ore 62pc fe: $US119.00 -0.42%
AUD/USD: $US0.6978 -0.39%
What got you talking yesterday
Over on Stockhead’s Facebook group chat, member Eric Frei said what many were probably thinking in response to one expert view that the ASX All Ords could be heading for a new all-time high (last reached in 2007).
“Woohoo, about time … been over 10 years!,” Frei said.
These were the five most-discussed stocks among ASX small-cap investors on Wednesday, July 24:
$AUZ — Australia Mines Ltd
$LTR — Liontown Resources
$STX — Strike Energy
$MXC — MGC Pharmaceuticals
$ECT — Environmental Clean Tech
Yesterday’s winners
One of the day’s most talked about companies, Strike Energy (ASX: STX), closed more than 40 per cent higher at 9.1 cents after an update on its West Erregulla gas project.
The company said that at 7:20pm on Tuesday night, a drilling break occurred at the same time as “significant high-pressure gas began rising within the mud system with over 98% C1 recorded with no fluorescence”.
STX added that at this stage, it’s still a bit early to “fully evaluate the interval”.
These were the best performing stocks at the close of trade on Wednesday, July 24:
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| GPP | Greenpower Energy Ltd | 0.002 | +100.00% | $4.0M | 750.0k |
| GLV | Global Vanadium Ltd | 0.003 | +50.00% | $8.5M | 13.7M |
| IAM | Intiger Group Ltd | 0.0015 | +50.00% | $2.5M | 500.0k |
| BNR | Bulletin Resources Ltd | 0.03 | +47.37% | $5.0M | 1.9M |
| STX | Strike Energy Ltd | 0.09 | +44.44% | $141.1M | 43.9M |
| DRO | DroneShield Ltd | 0.27 | +42.11% | $52.2M | 20.2M |
| PEA | Pacific Energy Ltd | 0.98 | +36.11% | $421.5M | 6.1M |
| AGE | Alligator Energy Ltd | 0.004 | +33.33% | $4.1M | 150.0k |
| BAS | Bass Oil Ltd | 0.002 | +33.33% | $5.4M | 3.1M |
| DHR | Dark Horse Resources Ltd | 0.004 | +33.33% | $8.1M | 172.0k |
| KEY | Key Petroleum Ltd | 0.002 | +33.33% | $6.2M | 505.0k |
| MLS | Metals Australia Ltd | 0.002 | +33.33% | $5.9M | 1.0M |
| RFN | Reffind Ltd | 0.004 | +33.33% | $2.4M | 1.9M |
| SRO | Shareroot Ltd | 0.002 | +33.33% | $5.7M | 1.0M |
| WGO | Warrego Energy Ltd | 0.13 | +31.58% | $77.3M | 10.4M |
| INK | Indago Energy Ltd | 0.1 | +31.51% | $24.3M | 1.7M |
| DN8 | Dreamscape Networks Ltd | 0.26 | +30.00% | $101.1M | 7.5M |
| AKM | Aspire Mining Ltd | 0.02 | +28.57% | $59.9M | 11.1M |
| PPY | Papyrus Australia Ltd | 0.009 | +28.57% | $2.1M | 1.2M |
| BET | Betmakers Technology Group Ltd | 0.06 | +28.26% | $24.4M | 1.3M |
Yesterday’s losers
These were the best performing stocks at the close of trade on Wednesday, July 24:
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| MZN | Marindi Metals Ltd | 0.001 | -50.00% | $2.2M | 334.0k |
| VIC | Victory Mines Ltd | 0.001 | -33.33% | $1.4M | 26.0M |
| DTR | Dateline Resources Ltd | 0.002 | -33.33% | $16.3M | 5.9M |
| CAD | Caeneus Minerals Ltd | 0.001 | -33.33% | $2.1M | 1.7M |
| TMX | Terrain Minerals Ltd | 0.003 | -25.00% | $1.9M | 100.0k |
| SBR | Sabre Resources Ltd | 0.003 | -25.00% | $1.2M | 597.8k |
| LCY | Legacy Iron Ore Ltd | 0.003 | -25.00% | $4.4M | 82.5k |
| BUY | Bounty Oil & Gas NL | 0.003 | -25.00% | $2.9M | 600.0k |
| RMI | Resource Mining Corp Ltd | 0.007 | -22.22% | $2.1M | 309k |
| CT1 | CCP Technologies Ltd | 0.014 | -22.22% | $6.9M | 12.6M |
| TZL | TZ Ltd | 0.08 | -20.00% | $5.6M | 200k |
| VAL | Valor Resources Ltd | 0.004 | -20.00% | $7.6M | 1.2M |
| PCL | Pancontinental Oil & Gas NL | 0.002 | -20.00% | $10.8M | 1.9M |
| REV | Real Estate Investar Group Ltd | 0.009 | -18.18% | $2.1M | 25.0k |
| MBM | Mobecom Ltd | 0.04 | -16.67% | $10.6M | 291.7k |
| LMG | Latrobe Magnesium Ltd | 0.005 | -16.67% | $6.5M | 1.8M |
| DLC | Delecta Ltd | 0.005 | -16.67% | $3.5M | 60.9k |
| AO1 | AssetOwl Ltd | 0.005 | -16.67% | $1.5M | 325.7k |
| ATX | Amplia Therapeutics Ltd | 0.13 | -16.13% | $6.5M | 268.3k |
