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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the ASX companies Eric Sprott’s backing, the company creating the ‘Big Aussie Battery’, and the lithium market that isn’t EV-related.
But first:
The day ahead
It’s the most important day on this week’s data calendar, with all eyes on this morning’s June quarter inflation print for the Australian economy (11:30am AEST).
The median forecast is for core CPI growth to remain sluggish at 1.5 per cent, after it fell to 1.42 per cent in the three months to March — the equal lowest level on record.
Later tonight, the US Federal Reserve will take centre stage with its latest monetary policy announcement, with a rate cut now fully priced in. The focus will then turn to the central bank’s press conference, for any further clues to its near-term outlook.
Company news
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
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
TV2U International (ASX: TV2) – new commercial agreement
Thursday:
Kyckr (ASX: KYK) – capital raise
Tinybeans (ASX: TNY) – capital raise
Equus Mining (ASX: EQE) – capital raise
NeuroScientific Biopharmaceuticals (ASX: NSB) – R&D updater
YPB (ASX: YPB) – capital raise
Regenesus (ASX: RGS) – capital raise
Spectrum Metals (ASX: SPX) – capital raise
Botanix Pharmaceuticals (ASX: BOT) – capital raise
Readcloud (ASX: RCL) – capital raise
Auroch Minerals (ASX: AOU) – capital raise
Strike Energy (ASX: STX) – well update
Warrego Energy (ASX: WGO) – well update
Markets
Gold: $US1,430.76 ($2,081.11) +0.84%
Silver: $US16.55 -0.11%
Oil (Brent): $US64.96 +0.08%
Oil (WTI): $US58.18 -0.31%
Coal: $US74.50 -0.67%
Iron ore 62pc fe: $US121.15 +2.70%
AUD/USD: $US0.6874 -0.41%
What got you talking yesterday
These were the five most-discussed stocks among ASX investors on Tuesday, July 30:
$BOT — Botanix Pharma Ltd
$STX — Strike Energy
$LYC — Lynas Corporation
$AJM — Altura Mining
$SZL — Sezzle Inc
Yesterday’s winners
There were four double-ups in the session, as a series of minnow resources stocks ticked higher to post 100 per cent gains.
But it was new entrant Sezzle (ASX: SZL) that turned heads when it listed at 12pm, rising to $2.50 before closing the session at $2.20 — an 80 per cent premium to its listing price of $1.22. Ord Minnett is the lead broker for Sezzle.
And engineering and construction company Weststar Industrial (ASX: WSI) jumped by almost 60 per cent after its quarterly 4C filing record cash receipts of $17.8m in the three months to June — an increase of 300 per cent.
These were the best performing stocks at the close of trade on Tuesday, July 30:
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| CGM | Cougar Metals NL | 0.002 | +100.00% | $2.4M | 993.0k |
| CLZ | Classic Minerals Ltd | 0.002 | +100.00% | $7.6M | 204.3M |
| SUR | Sun Resources NL | 0.002 | +100.00% | $1.9M | 1.0M |
| XST | XState Resources Ltd | 0.002 | +100.00% | $2.3M | 2.0M |
| SPB | South Pacific Resources Ltd | 0.008 | +60.00% | $1.3M | 2.1M |
| WSI | Weststar Industrial Ltd | 0.05 | +58.62% | $28.3M | 347.6M |
| BRV | Big River Gold Ltd | 0.01 | +50.00% | $15.4M | 67.9M |
| AJC | Acacia Coal Ltd | 0.0015 | +50.00% | $6.1M | 2.3M |
| GPP | Greenpower Energy Ltd | 0.0015 | +50.00% | $3.0M | 50.0k |
| LKO | Lakes Oil NL | 0.0015 | +50.00% | $50.0M | 3.5M |
| PCH | Property Connect Holdings Ltd | 0.003 | +50.00% | $2.1M | 13.6M |
| PSM | Peninsula Mines Ltd | 0.003 | +50.00% | $3.0M | 333.3k |
| RBL | Redbubble Ltd | 1.46 | +45.27% | $374.0M | 4.1M |
| AO1 | AssetOwl Ltd | 0.007 | +40.00% | $2.1M | 1.4M |
| BUY | Bounty Oil & Gas NL | 0.004 | +33.33% | $3.8M | 5.0M |
| SBR | Sabre Resources Ltd | 0.004 | +33.33% | $1.6M | 2.9M |
| TSC | Twenty Seven Co Ltd | 0.004 | +33.33% | $3.9M | 2.1M |
| AHK | ARK Mines Ltd | 0.02 | +33.33% | $1.0M | 519.3k |
| WOA | Wide Open Agriculture Ltd | 0.17 | +25.00% | $12.4M | 157.8k |
| AAU | Adcorp Australia Ltd | 0.01 | +25.00% | $4.6M | 19.4k |
| AYR | Alloy Resources Ltd | 0.005 | +25.00% | $4.2M | 1.2M |
| NOR | Norwood Systems Ltd | 0.005 | +25.00% | $10.4M | 9.3M |
Yesterday’s losers
These were the worst performing stocks at the close of trade on Tuesday, July 30:
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| TPD | Talon Petroleum Ltd | 0.002 | -33.33% | $3.6M | 40.0k |
| CAD | Caeneus Minerals Ltd | 0.001 | -33.33% | $2.1M | 1.9M |
| AUH | AustChina Holdings Ltd | 0.002 | -33.33% | $2.2M | 100.0k |
| AKN | Auking Mining Ltd | 0.001 | -33.33% | $933K | 450.0k |
| RLE | Real Energy Corp Ltd | 0.03 | -30.61% | $11.9M | 11.6M |
| TOM | Tomizone Ltd | 0.003 | -25.00% | $1.3M | 1.6M |
| MNC | Metminco Ltd | 0.0015 | -25.00% | $1.8M | 1.1k |
| MLS | Metals Australia Ltd | 0.0015 | -25.00% | $4.4M | 1.1M |
| GBZ | GBM Resources Ltd | 0.003 | -25.00% | $3.3M | 104.0k |
| ATH | Alterity Therapeutics ltd | 0.03 | -20.00% | $24.1M | 2.1M |
| AAJ | Aruma Resources Ltd | 0.004 | -20.00% | $2.6M | 1.1M |
| PNL | Paringa Resources Ltd | 0.07 | -19.32% | $32.7M | 989.4k |
| FDM | Freedom Oil and Gas Ltd | 0.02 | -18.18% | $19.4M | 6.5M |
| WBE | Whitebark Energy Ltd | 0.005 | -16.67% | $9.8M | 1.0M |
| MTH | Mithril Resources Ltd | 0.005 | -16.67% | $2.1M | 1.8M |
| GTG | Genetic Technologies Ltd | 0.005 | -16.67% | $14.7M | 13.6M |
| GGX | Gas2Grid Ltd | 0.0025 | -16.67% | $4.3M | 1.5M |
| DDT | DataDot Technology Ltd | 0.005 | -16.67% | $4.1M | 110.0k |
| CDT | Castle Minerals Ltd | 0.005 | -16.67% | $1.1M | 2.1M |
