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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the 35 commodities that Donald Trump is doing wonders for, the hot recycling stocks one expert thinks will do well and Australia tries to get in on the Facebook Libra crypto action.
But first here’s what you need to know.
The day ahead
It’s a relatively quiet day on the data & events front, both locally and abroad.
Domestic data will be led by Q2 construction figures, which is expected to fall again due to the ongoing downturn in the residential construction cycle.
Company news
The following companies are due out of trading halts in the next 48 hours.
Wednesday:
Freehill Mining (ASX:FHS) – capital raising
Macmahon Holdings (ASX:MAH) – Newcrest discussions update
Mali Lithium (ASX:MLL) – award of exploration permit
Pioneer Credit (ASX:PNC) – financial adjustments
SciDev (ASX:SDV) – commercial transaction
Thursday:
Cogstate (ASX:CGS) – commercial contract
Crowd Media Holdings (ASX:CM8) – major alliance & capital raising
Australian Potash (ASX:APC) – DFS
Platina Resources (ASX:PGM) – joint venture opportunity
Argent Minerals (ASX:ARD) – capital raising
Markets
Gold: $US1,541.49 ($2,282.67) +1.26%
Silver: $US18.18 -0.10%
Oil (Brent): $US59.59 +1.52%
Oil (WTI): $US55.66 +3.3%
Coal: $US66.30 -0.59%
Iron ore 62pc FE: $US82.35 -3%
AUD/USD: $US0.6754 -0.30%
Bitcoin: $US10,123.44 -1.6%
What got you talking yesterday
The ASX Small Ords gained ground to close 0.43 per cent higher, after a rocky start to the week which saw the index fall 1.11 per cent amid trade war fears on Monday.
These were the five most discussed stocks among ASX investors on Monday:
$PLS – Pilbara Minerals
$STX – Strike Energy
$EAR – Echo Resources Ltd
$WGO – Warrego Energy
$GXY – Galaxy Resources
Yesterday’s winners
Strike Energy Ltd (ASX:STX) and Warrego Energy (ASX:WGO) turned heads yesterday, both surging higher after a big gas discovery at their 50/50 joint venture project in WA’s North Perth Basin.
Warrego CEO Dennis Donald said the discovery was “material and has the potential to convert the fields from exploration to production assets in short order”.
Strike Energy shares rose by more than 89 per cent, while Warrego shares closed 67.57 per cent higher.
| Ticker | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| GPP | Greenpower Energy Ltd | 0.002 | +100.00% | $4.0M | 500.0k |
| STX | Strike Energy Ltd | 0.28 | +89.66% | $427.9M | 110.3M |
| WGO | Warrego Energy Ltd | 0.31 | +67.57% | $194.7M | 46.3M |
| XST | XState Resources Ltd | 0.003 | +50.00% | $3.4M | 1.5M |
| KEY | Key Petroleum Ltd | 0.005 | +42.86% | $8.4M | 93.9M |
| NWE | Norwest Energy NL | 0.01 | +40.00% | $23.7M | 77.1M |
| DDD | 3D Resources Ltd | 0.004 | +33.33% | $2.3M | 18.6M |
| EER | East Energy Resources Ltd | 0.004 | +33.33% | $12.8M | 19.2k |
| NOR | Norwood Systems Ltd | 0.004 | +33.33% | $8.3M | 595.3k |
| SYT | Syntonic Ltd | 0.004 | +33.33% | $6.8M | 3.8M |
| EAR | Echo Resources Ltd | 0.32 | +30.00% | $224.6M | 144.5M |
| AZI | Alta Zinc Ltd | 0.005 | +25.00% | $4.6M | 358.8k |
| IVO | Invigor Group Ltd | 0.005 | +25.00% | $7.1M | 1.1M |
| MLS | Metals Australia Ltd | 0.005 | +25.00% | $7.3M | 3.9M |
| TYX | Tyranna Resources Ltd | 0.005 | +25.00% | $4.7M | 423.3k |
| LMW | LandMark White Ltd | 0.12 | +23.66% | $17.9M | 480.2k |
| HT8 | Harris Technology Group Ltd | 0.02 | +23.08% | $3.0M | 6.1k |
| PO3 | Purifloh Ltd | 6.22 | +20.78% | $195.2M | 24.7k |
| AHQ | Allegiance Coal Ltd | 0.15 | +20.00% | $82.0M | 662.1k |
| CZN | Corazon Mining Ltd | 0.003 | +20.00% | $4.9M | 2.7M |
Yesterday’s losers
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| VAR | Variscan Mines Ltd | 0.001 | -50.00% | $1.6M | 400.0k |
| CAD | Caeneus Minerals Ltd | 0.001 | -50.00% | $2.1M | 700.0k |
| RPM | RPM Automotive Group Ltd | 0.17 | -44.26% | $1.6M | 1.2M |
| RXH | Rewardle Holdings Ltd | 0.003 | -40.00% | $1.6M | 333.4k |
| XST | XState Resources Ltd | 0.002 | -33.33% | $2.3M | 750.0k |
| SDA | SpeedCast International Ltd | 0.75 | -33.19% | $181.0M | 46.4M |
| AJL | AJ Lucas Group Ltd | 0.13 | -30.56% | $93.8M | 705.3k |
| MMR | MEC Resources Ltd | 0.01 | -25.00% | $3.8M | 100.0k |
| PEC | Perpetual Resources Ltd | 0.03 | -25.00% | $9.3M | 100.0k |
| TSC | Twenty Seven Co Ltd | 0.004 | -20.00% | $4.0M | 3.1M |
| SPQ | Superior Resources Ltd | 0.008 | -20.00% | $6.0M | 2.4M |
| IVO | Invigor Group Ltd | 0.002 | -20.00% | $5.7M | 43.5k |
| DTM | Dart Mining NL | 0.004 | -20.00% | $4.1M | 47.9k |
| BUY | Bounty Oil & Gas NL | 0.004 | -20.00% | $3.8M | 1.7M |
| CVL | Civmec Ltd | 0.25 | -19.05% | $127.8M | 136.5k |
| ATP | Atlas Pearls Ltd | 0.01 | -18.18% | $3.9M | 900.0k |
| IME | ImExHS Ltd | 0.04 | -17.31% | $39.8M | 4.0M |
