Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, where leading analysts think iron is headed, Nathan Tinkler hits out, and how to win at trading with coconut milk, bare feet and your mum.
It’s Friyay on the data front. The only release flagged on Westpac’s schedule is annualised US GDP figures for the June quarter, which are expected to come in at 1.8 per cent — down from 3.1 per cent in Q1.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Oventus Medical (ASX: OVN) – capital raising
Kalium Lakes (ASX: KLL) – capital raising
Bellevue Gold (ASX: BGL) – capital raising
Black Rock Mining (ASX: BKT) – DFS release.
Moreton Resources (ASX: MRV) – material update
GBST Holdings (ASX: GBT) – takeover offer
Respiri (ASX: RSH) – capital raising
Classic Minerals (ASX: CLZ) – drilling results
Kingwest Resources (ASX: KWR) – capital raising
Variscan Mines (ASX: VAR) – potential acquisition
ALT Resources (ASX: ARS) – study results
Yowie (ASX: YOW) – announcement on takeover bid.
Gold: $US1,416.36 ($2,037.48) -0.31%
Silver: $US16.45 +0.23%
Oil (Brent): $US63.10 -0.03%
Oil (WTI): $US56.09 +0.32%
Coal: $US74.85 -0.09%
Iron ore 62pc fe: $US116.00 -2.52%
AUD/USD: $US0.6952 -0.37%
Over on the Stockhead Facebook group chat, members responded to the latest market update from Orthocell (ASX: OCC), where the medical tech company said results from a recent trial showed its nerve-regeneration therapy may have the capacity to restore damaged nerves to their normal state.
These were the five most-discussed stocks among ASX investors on Thursday, July 25:
These were the best performing stocks at the close of trade on Thursday, July 25:
These were the worst performing stocks at the close of trade on Thursday, July 25: