On Stockhead today, Aussie neobanks prep for battle, the most shorted stocks right now, and is mining ever ethical?

But first:

The day ahead

On the data front, local markets will get an update on the residential construction downturn with June building approvals data from the ABS (11:30am AEST).

Also in Asian trade, the Bank of Japan will make its policy announcement. No change is expected to rate settings but as usual, markets will watch for any changes in the bank’s outlook.

And the next round US-China trade talks will commence in Shanghai, with commentators now just hoping for some gestures of goodwill rather than a trade deal.

And overnight, the US has income & expenditure data which includes the PCE inflation measure for June — the preferred inflation measure of the US Federal Reserve.

Company news

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

Tuesday:
Hammer Metals (ASX: HMX) – capital raising
Podium Minerals (ASX: POD) – capital raising.

Wednesday:
Marmota (ASX: MEU) – drilling results
Superior Resources (ASX: SPQ) – capital raising
Greenland Minerals (ASX: GGG) – capital raising
Global Vanadium (ASX: GLV) – capital raising
Anglo Australian Resources (ASX: AAR) – exploration results
Zinc of Ireland (ASX: ZMI) – mineral resource estimate
Mako Gold (ASX: MKG) – capital raising
Austar Gold (ASX: AUL) – capital raising
TV2U International (ASX: TV2) – new commercial agreement.

Markets

Gold: $US1,425.02 ($2,064.20) +0.49%

rong>Silver: $US16.44 -0.09%

Oil (Brent): $US63.750 +0.05%

Oil (WTI): $US57.15 +0.18%

Coal: $US75.00 +1.26%

Iron ore 62pc fe: $US118.45 -0.3%

AUD/USD: $US0.6904 +0.04%

What got you talking yesterday

These were the five most-discussed stocks among ASX investors on Monday, July 29:

$ADN – Andromeda Metals
$STX – Strike Energy
$EN1 – Engage:BDR
$BUB – Bubs Australia
$PCK – Painchek Ltd

Yesterday’s winners

Among the most talked-about stocks was Andromeda Metals (ASX: ADN), which rose by 76 per cent to 4.4 cents after receiving non‐binding offtake Letters of Intent from four potential Chinese customers for its dry‐processed halloysite‐kaolin product.

It follows a visit to China in June from ADN representatives, who carried out application testing of the dry-processed products.

These were the best performing stocks at the close of trade on Monday, July 29:

Code Name Price % Chg Market Cap Volume
CYQ Cycliq Group Ltd 0.002 +100.00% $2.3M 770.0k
EXO Ennox Group Ltd 0.002 +100.00% $3.5M 3.2M
ADN Andromeda Metals Ltd 0.04 +76.00% $59.6M 212.1M
YPB YPB Group Ltd 0.012 +50.00% $11.0M 88.4M
THD Thred Ltd 0.003 +50.00% $2.7M 1.0M
UTR Ultracharge Ltd 0.003 +50.00% $3.2M 1.6M
NGY NuEnergy Gas Ltd 0.01 +42.86% $14.8M 303.2k
GBZ GBM Resources Ltd 0.004 +33.33% $4.4M 1.1M
VMG VDM Group Ltd 0.002 +33.33% $12.6M 469.9k
DRO DroneShield Ltd 0.32 +33.33% $61.9M 7.9M
RGI Roto-Gro International Ltd 0.24 +33.33% $31.2M 1.5M
RXL Rox Resources Ltd/Australia 0.02 +33.33% $25.8M 111.5M
KWR Kingwest Resources Ltd 0.21 +31.25% $10.8M 1.5M
MEB Medibio Ltd 0.02 +29.41% $6.2M 29.9M
EOF Ecofibre Ltd 3.69 +25.08% $1.1B 1.2M
NWE Norwest Energy NL 0.0025 +25.00% $8.5M 817.3k
SPX Spectrum Metals Ltd 0.07 +25.00% $94.8M 102.8M
DHR Dark Horse Resources Ltd 0.005 +25.00% $10.1M 6.3M
VAL Valor Resources Ltd 0.005 +25.00% $9.5M 1.1M
BNR Bulletin Resources Ltd 0.03 +22.73% $4.8M 203.2k
ALY Alchemy Resources Ltd 0.02 +21.43% $7.5M 2.0M

Yesterday’s losers

These were the worst performing stocks at the close of trade on Monday, July 29:

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