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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, has China snubbed Aussie coal for good, the most in-demand stocks on the ASX right now, and sellers are dominating this week’s directors’ trades market.
Also, today is opening day for Australia biggest annual mining conference, the legendary Diggers & Dealers hoedown in Kalgoorlie. Our own Reuben Adams is there, and promises to resist the town’s many charms to bring you all the newsworthiest news as it drops. Here’s his Day 1 preview.
Stay strong, Reubs.
But first:
The week ahead
Key data and events in Australia will be led by the Reserve Bank’s policy announcement on Tuesday. Rates are expected to stay on hold now at one per cent following two consecutive cuts.
Also on Friday, RBA Governor Philip Lowe will give his half-yearly testimony to parliament, and the central bank will release its latest set of economic forecasts in the quarterly Statement on Monetary Policy.
Elsewhere, the ABS has June trade data on Tuesday and housing finance figures on Wednesday.
Looking abroad, there’s a raft of July PMI activity figures across major economies to start the week. New Zealand has Q2 employment figures on Tuesday and China will release July inflation figures on Friday.
It’s a quieter run of key data out of the US, with a number of speakers from the US Fed scheduled throughout the week.
Company news
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Monday:
Big River Gold (ASX: BRV) – capital raising
Bounty Mining (ASX: B2Y) – capital raising
Galan Liathium (ASX: GLN) – capital raising
Coziron Resources (ASX: CZR) – capital raising
Vango Mining (ASX: VAN) – exploration results
Anglo Australian Resources (ASX: AAR) – capital raise
ReNu Energy (ASX: RNE) – material transaction
Tuesday:
Oakdale Resources (ASX: OAR) – capital raising
Rumble Resources (ASX: RTR) – acquisition
S2 Resources (ASX: S2R) – exploration results
MGM Wireless (ASX: MWR) – distribution agreement
Venturex Resources (ASX: VXR) – debt funding
Markets
Gold: $US1,440.46 ($2,119.98) -0.32%
Silver: $US16.21 -0.70%
Oil (Brent): $US61.89 +2.30%
Oil (WTI): $US55.66 +3.17%
Coal: $US74.90 +0.13%
Iron ore 62pc fe: $US106.51 -4.92%
AUD/USD: $US0.6795 -0.09%
What got you talking last week
There was plenty that caught our readers’ eye over the past week, from how to find gold on trees to the looming threat posed by neo-lenders to Australia’s big banks — and pretty much everything in between. It’s all summarised here (along with some fine cricket banter) in the latest edition of Kick Back.
These were the five most-discussed stocks among ASX investors on Friday, August 2:
$LTR – Liontown Resources
$ADN – Andromeda Metals
$FMG – Fortescue Metals
$GXY – Galaxy Resources
$STX – Strike Energy
Last week’s winners
Australia’s bustling buy-now-pay-later sector got a new member this week in Sezzle (ASX:SZL), and just like the addition before that in Splitit (ASX:SPT), the company had a great debut.
After raising $43.6 million selling shares at $1.22 a pop, SZL shares rose 95 per cent and were trading at $2.36 on Friday afternoon.
It was another good week for drone killers DroneShield (ASX:DRO), which has stitched up a spate of deals and partnership agreements in recent weeks. The stock closed at 31 cents for a weekly gain of around 60 per cent.
Here are the best performing ASX small cap stocks for July 29-Aug 2 (intraday):
| Ticker | Name | Price Last Friday | Price This Friday [intraday] | Total Return % | Market Cap |
|---|---|---|---|---|---|
| CDH | CHONGHERR INVESTMENTS LTD | 0.003 | 0.013 | 333 | $ 1,692,696.13 |
| NWE | NORWEST ENERGY NL | 0.002 | 0.004 | 100 | $ 13,528,371.00 |
| CLZ | CLASSIC MINERALS LTD | 0.001 | 0.002 | 100 | $ 7,642,040.00 |
| BRV | BIG RIVER GOLD LTD | 0.009 | 0.018 | 100 | $ 18,506,124.00 |
| VMG | VDM GROUP LTD | 0.002 | 0.003 | 100 | $ 18,832,982.00 |
| SZL | SEZZLE INC-CDI | 1.230 | 2.36 | 95 | $ 444,645,152.00 |
| CXZ | CONNEXION TELEMATICS LTD | 0.021 | 0.023 | 77 | $ 19,553,798.00 |
| SCN | SCORPION MINERALS LTD | 0.007 | 0.007 | 75 | $ 1,239,171.63 |
| ADN | ANDROMEDA METALS LTD | 0.025 | 0.034 | 67 | $ 47,442,472.00 |
| AO1 | ASSETOWL LTD | 0.006 | 0.010 | 67 | $ 3,012,208.00 |
| IP1 | INTEGRATED PAYMENT TECHNOLOG | 0.023 | 0.042 | 61 | $ 11,427,091.00 |
| COY | COPPERMOLY LTD | 0.005 | 0.008 | 60 | $ 17,017,712.00 |
| VMC | VENUS METALS CORP LTD | 0.180 | 0.245 | 60 | $ 27,175,526.00 |
| DRO | DRONESHIELD LTD | 0.270 | 0.300 | 58 | $ 58,013,632.00 |
| CGN | CRATER GOLD MINING LTD | 0.014 | 0.022 | 57 | $ 27,004,910.00 |
| SPX | SPECTRUM METALS LTD | 0.060 | 0.083 | 54 | $ 108,748,304.00 |
| OBM | ORA BANDA MINING LTD | 0.145 | 0.225 | 50 | $ 102,148,192.00 |
| SUR | SUN RESOURCES NL | 0.002 | 0.004 | 50 | $ 2,868,172.75 |
| GLV | GLOBAL VANADIUM LTD | 0.002 | 0.003 | 50 | $ 8,488,440.00 |
| CAV | CARNAVALE RESOURCES LTD | 0.002 | 0.003 | 50 | $ 3,398,480.50 |
| THD | THRED LTD | 0.001 | 0.002 | 50 | $ 2,684,086.25 |
| ARO | ASTRO RESOURCES NL | 0.002 | 0.003 | 50 | $ 3,816,292.00 |
| IAM | INTIGER GROUP LTD | 0.001 | 0.002 | 50 | $ 2,516,843.75 |
| VIC | VICTORY MINES LTD | 0.002 | 0.001 | 50 | $ 2,044,848.25 |
| PPY | PAPYRUS AUSTRALIA LTD | 0.007 | 0.009 | 50 | $ 2,116,345.75 |
| RXL | ROX RESOURCES LTD | 0.015 | 0.023 | 47 | $ 28,408,172.00 |
| ETE | ENTEK ENERGY LTD | 0.007 | 0.010 | 43 | $ 4,897,289.50 |
| AQS | AQUIS ENTERTAINMENT LTD | 0.028 | 0.040 | 43 | $ 7,405,642.00 |
| NGY | NUENERGY GAS LTD | 0.007 | 0.010 | 43 | $ 14,809,555.00 |
| FUN | FUNTASTIC LTD | 0.060 | 0.067 | 43 | $ 15,622,852.00 |
Last week’s losers
Shareholders in financial services provider N1 Holdings (ASX:N1H) reacted poorly to the company’s quarterly report.
The company has been looking to build a footprint in the market for business lending, but its shares dropped 65 per cent to 3c in response to a quarter-on-quarter decrease in customer receipts.
Here are the worst performing ASX small cap stocks for July 29-Aug 2 (intraday):
| Code | Name | Price last Friday | Price this Friday [intraday] | Total Return % | Market Cap |
|---|---|---|---|---|---|
| ORM | ORION METALS LTD | 0.015 | 0.015 | -25 | $ 7,351,461.50 |
| EER | EAST ENERGY RESOURCES LTD | 0.004 | 0.003 | -25 | $ 9,602,961.00 |
| TOM | TOMIZONE LTD | 0.004 | 0.003 | -25 | $ 1,275,602.00 |
| GBZ | GBM RESOURCES LTD | 0.004 | 0.003 | -25 | $ 3,271,791.00 |
| AGE | ALLIGATOR ENERGY LTD | 0.004 | 0.003 | -25 | $ 3,071,071.75 |
| MHC | MANHATTAN CORP LTD | 0.004 | 0.003 | -25 | $ 2,223,836.00 |
| BMG | BMG RESOURCES LTD | 0.015 | 0.013 | -25 | $ 6,692,788.50 |
| DDD | 3D RESOURCES LTD | 0.002 | 0.002 | -25 | $ 1,660,831.63 |
| FE8 | FASTER ENTERPRISES LTD | 0.016 | 0.012 | -25 | $ 1,330,624.88 |
| LHM | LAND & HOMES GROUP LTD | 0.012 | 0.009 | -25 | $ 9,444,504.00 |
| NTI | NEUROTECH INTERNATIONAL LTD | 0.025 | 0.019 | -27 | $ 2,579,133.50 |
| RLE | REAL ENERGY CORP LTD | 0.047 | 0.032 | -29 | $ 11,880,253.00 |
| RD1 | REGISTRY DIRECT LTD | 0.017 | 0.012 | -29 | $ 2,068,479.88 |
| RPG | RAPTIS GROUP LTD | 0.070 | 0.049 | -30 | $ 7,489,279.00 |
| SRO | SHAREROOT LTD | 0.002 | 0.001 | -33 | $ 2,849,065.50 |
| SAN | SAGALIO ENERGY LTD | 0.003 | 0.002 | -33 | $ 409,320.25 |
| PSM | PENINSULA MINES LTD | 0.003 | 0.002 | -33 | $ 2,025,744.13 |
| TYM | TYMLEZ GROUP LTD | 0.150 | 0.089 | -33 | $ 11,761,197.00 |
| FDM | FREEDOM OIL AND GAS LTD | 0.023 | 0.015 | -38 | $ 16,155,338.00 |
| CMC | CHINA MAGNESIUM CORP LTD | 0.018 | 0.011 | -39 | $ 5,086,824.00 |
| TRM | TRUSCOTT MINING CORP LTD | 0.007 | 0.009 | -40 | $ 1,060,573.88 |
| XPE | XPED LTD | 0.002 | 0.002 | -50 | $ 1,506,830.75 |
| SHK | STONE RESOURCES AUSTRALIA LT | 0.002 | 0.001 | -50 | $ 811,646.13 |
| N1H | N1 HOLDINGS LTD | 0.085 | 0.030 | -65 | $ 2,446,667.25 |
