On Stockhead today we look at the opportunity the plant-based meat market has to offer, why Tolga Kumova really likes Meteoric and we take a look at the performance of the health sector over the last fortnight.

But first here’s what you need to know.

The day ahead

Keep your eyes open for CBA’s Composite Purchasing Managers Index – due out at 9am.

But it’s a very busy day for earnings. There’s no shortage of large caps releasing earnings including Qantas (ASX:QAN) – which may also be accompanied by updates about its projects.

Among smaller caps we have buy now, pay later stock Zip (ASX:Z1P) and Rural Funds Group (ASX:RFR).

Rural will be of particular interest, coming a fortnight after it was attacked by a short-seller and plummeted, yet recovered with its rebuttal – both in words and actions.

You can view a full list of upcoming earnings here.

Company news

The following companies are in trading halts and expected to exit in the next 48 hours.

Due out Thursday: 

Blackearth Minerals (ASX:BEM) – capital raising

Fenix Resources (ASX:FEX) – resource estimate update

Echo Resources (ASX:EAR) – change of control transaction

Broken Hill Prospecting (ASX:BPL) – acquisition update

Due out Friday: 

Moreton Resources (ASX:MRV) – company update

Steadfast Group (ASX:SDF) – capital raising

Weebit Nano (ASX:WBT) – capital raising

Prodigy Gold (ASX:PRX) – capital raising

Metalicity (ASX:MCT) – capital raising

Fraser Range Metals (ASX:FRN) – acquisition

Ruralco Holdings (ASX:RHL) – response to speculation

Markets

Gold: $US1503.19 ($2,217.58) -0.29%

Silver: $US17.15 +0.06%

Oil (Brent): $US60.55 +0.87%

Oil (WTI): $US56.15 -0.53%

Coal: $US67.20 -1.47%

Iron ore 62pc FE: $US92.00 -1.08%

AUD/USD: $US0.6783 +0.03%

Bitcoin: $US10,077.39 -6.63%

What got you talking yesterday

After a strong start to the week our markets retreated yesterday, the ASX Small Ords closed 0.12 per cent down at 2,816 points while the ASX 200 lost 0.94 per cent to 6,483 points. Both indexes recovered ground somewhat in the afternoon.

The most discussed stock in our Small and Micro Cap Chat Facebook group (which you can join here) was actually a large cap. Nearmap (ASX:NEA) continued to fall yesterday after its annual results and members debated as to whether or not this could continue.

These were the five most-discussed stocks at market close yesterday:

$A2M – A2 Milk

$NEA – Nearmap

$ADN – Andromeda Metals

$AUZ – Australian Mines

$STX – Strike Energy

 

Here is how our sectors performed:

Communications: -1.29%

Consumer Discretionary: -0.37%

Consumer Staples: -1.76%

Energy: -0.75%

Financials: -0.62%

Healthcare: 0.29%

Industrials: -1.56%

IT: 0.54%

Materials: -1.95%

Utilities: 0.03%

 

Yesterday’s Winners

Code Name Price % Chg Market Cap Volume
CAZ Cazaly Resources Ltd 0.05 +80.00% $13.0M 97.7M
CAD Caeneus Minerals Ltd 0.0015 +50.00% $3.2M 550.0k
TOM Tomizone Ltd 0.003 +50.00% $1.3M 479.9k
XPE Xped Ltd 0.0015 +50.00% $2.3M 200.0k
MCX Mariner Corp Ltd 0.03 +35.00% $371K 55
FGO Flamingo AI Ltd 0.004 +33.33% $4.5M 40.0M
NWE Norwest Energy NL 0.004 +33.33% $13.5M 34.4M
BUY Bounty Oil & Gas NL 0.004 +25.00% $4.8M 166.6k
S2R S2 Resources Ltd 0.2 +24.24% $50.8M 1.1M
SIH Sihayo Gold Ltd 0.02 +23.08% $37.2M 55.6k
REV Real Estate Investar Group Ltd 0.011 +22.22% $2.6M 286.0k
ADY Admiralty Resources NL 0.012 +20.00% $13.9M 173.8k
AEV Avenira Ltd 0.006 +20.00% $6.4M 7.8k
ARE Argonaut Resources NL 0.006 +20.00% $9.3M 80.0k
GTG Genetic Technologies Ltd 0.006 +20.00% $17.6M 31.7M
LHB LionHub Group Ltd 0.006 +20.00% $5.0M 1.0k
RIM Rimfire Pacific Mining NL 0.003 +20.00% $4.0M 200.0k
BRV Big River Gold Ltd 0.02 +20.00% $20.9M 6.5M
CUL Cullen Resources Ltd 0.02 +20.00% $3.1M 4.3M
VMS Venture Minerals Ltd 0.02 +20.00% $14.5M 1.5M
CTP Central Petroleum Ltd 0.19 +18.75% $135.5M 20.9M

Yesterday’s Losers

Code Name Price % Chg Market Cap Volume
LKO Lakes Oil NL 0.002 -33.33% $33.4M 1.2M
GLA Gladiator Resources Ltd 0.002 -33.33% $1.5M 500.0k
MNW Mint Payments Ltd 0.02 -25.93% $15.7M 27.7k
SRN Surefire Resources NL 0.006 -25.00% $3.0M 5.8M
KEY Key Petroleum Ltd 0.003 -25.00% $5.0M 27.0k
IMS Impelus Ltd 0.006 -25.00% $4.2M 3.3M
DRE Dreadnought Resources Ltd 0.003 -25.00% $4.4M 12.1M
AZI Alta Zinc Ltd 0.003 -25.00% $5.5M 9.7M
AHK ARK Mines Ltd 0.03 -25.00% $1.8M 202.6k
OLH Oldfields Holdings Ltd 0.04 -24.00% $3.1M 104.2k
NVU Nanoveu Ltd 0.05 -23.73% $6.0M 357.6k
TYM Tymlez Group Ltd 0.06 -21.25% $8.2M 373.2k
REF Reverse Corp Ltd 0.012 -20.00% $1.1M 3.8M
SVA Simavita Ltd 0.008 -20.00% $3.3M 231.3k
AYR Alloy Resources Ltd 0.004 -20.00% $3.4M 500.0k
CML Chase Mining Corp Ltd 0.03 -19.51% $6.8M 3.2M
EME Energy Metals Ltd 0.13 -19.35% $26.2M 48.6k
RAN Range International Ltd 0.02 -17.86% $4.6M 2.7M
ROO Roots Sustainable Agricultural 0.06 -17.72% $5.7M 1.5M