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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.
But first:
The day ahead
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.
Company news
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Friday:
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.
Monday:
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.
Markets
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%
What got you talking yesterday
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:
$PLS – Pilbara Minerals Ltd
$FMG – Fortescue Metals
$STX – Strike Energy
$AJM – Altura Mining
$JAT – Jatenergy Ltd
Yesterday’s winners
These were the best performing stocks at the close of trade on Thursday, July 25:
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| SCN | Scorpion Minerals Ltd | 0.01 | +75.00% | $1.2M | 375.0k |
| CAD | Caeneus Minerals Ltd | 0.003 | +50.00% | $3.2M | 675.7k |
| MZN | Marindi Metals Ltd | 0.003 | +50.00% | $3.4M | 307.0k |
| PCH | Property Connect Holdings Ltd | 0.0015 | +50.00% | $2.1M | 1.3M |
| RAC | Race Oncology Ltd | 0.06 | +39.53% | $5.2M | 2.0M |
| ANL | Amani Gold Ltd | 0.004 | +33.33% | $20.9M | 94.1M |
| FPL | Fremont Petroleum Corp Ltd | 0.009 | +28.57% | $15.0M | 20.4M |
| TZL | TZ Ltd | 0.1 | +25.00% | $7.1M | 1.0k |
| DTR | Dateline Resources Ltd | 0.0025 | +25.00% | $20.3M | 5.0M |
| E2E | Eon NRG Ltd | 0.005 | +25.00% | $3.8M | 4.7M |
| IHL | Impression Healthcare Ltd | 0.08 | +24.59% | $46.8M | 19.1M |
| VLT | Vault Intelligence Ltd | 0.32 | +23.08% | $32.9M | 333.6k |
| BOC | Bougainville Copper Ltd | 0.14 | +22.73% | $54.1M | 2.0k |
| AHQ | Allegiance Coal Ltd | 0.14 | +21.74% | $76.4M | 1.8M |
| AMB | Ambition Group Ltd | 0.09 | +21.43% | $5.7M | 50.0k |
| AO1 | AssetOwl Ltd | 0.006 | +20.00% | $1.8M | 200.0k |
| LMG | Latrobe Magnesium Ltd | 0.006 | +20.00% | $7.8M | 669.9k |
| SYT | Syntonic Ltd | 0.003 | +20.00% | $10.0M | 2.7M |
| VVA | Viva Leisure Ltd | 1.07 | +18.89% | $56.3M | 71.7k |
Yesterday’s losers
These were the worst performing stocks at the close of trade on Thursday, July 25:
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| GPP | Greenpower Energy Ltd | 0.001 | -50.00% | $2.0M | 1.0M |
| IAM | Intiger Group Ltd | 0.001 | -33.33% | $1.7M | 4.1M |
| CZN | Corazon Mining Ltd | 0.002 | -33.33% | $3.3M | 1.7M |
| PBX | Pacific Bauxite Ltd | 0.005 | -28.57% | $2.0M | 1.3M |
| VMG | VDM Group Ltd | 0.0015 | -25.00% | $9.4M | 112.0k |
| RFN | Reffind Ltd | 0.003 | -25.00% | $1.8M | 5.4M |
| DHR | Dark Horse Resources Ltd | 0.003 | -25.00% | $6.1M | 200.0k |
| SAU | Southern Gold Ltd | 0.13 | -21.87% | $10.4M | 1.6M |
| PGY | Pilot Energy Ltd | 0.012 | -20.00% | $954K | 13.2k |
| SI6 | Six Sigma Metals Ltd | 0.004 | -20.00% | $2.2M | 1.2M |
| NET | NetLinkz Ltd | 0.21 | -19.23% | $328.4M | 18.6M |
| OKJ | Oakajee Corp | 0.05 | -17.86% | $4.2M | 243.4k |
| WBE | Whitebark Energy Ltd | 0.005 | -16.67% | $9.8M | 1.1M |
| DTM | Dart Mining NL | 0.005 | -16.67% | $5.1M | 50.0k |
| COY | Coppermoly Ltd | 0.005 | -16.67% | $8.6M | 50.0k |
| JRV | Jervois Mining Ltd | 0.2 | -16.67% | $57.4M | 3.5M |
| CCG | CommsChoice Group Ltd | 0.04 | -15.69% | $7.5M | 552.2k |
| LCT | Living Cell Technologies Ltd | 0.03 | -15.63% | $15.4M | 1.3M |
| PIL | Peppermint Innovation Ltd | 0.011 | -15.38% | $10.9M | 1.2M |
