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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today: outsiders attracted to local M&A season in cannabis, is Aussie retail really struggling, Secret Broker looks at the Latitude debacle and music tech looking most groovy in past fortnight.
But first:
The day ahead
It’s a relatively quiet data schedule both locally and abroad to end the week.
During the Asian session there’s monthly inflation data out of Japan, and China’s stats bureau will release its monthly data deluge comprising fixed asset investment, industrial production and retail sales. China also has quarterly GDP data, with annual growth expected to slow slightly to 6.1 per cent.
And markets will await a big weekend coming up in UK parliament, with lawmakers set to vote on the latest Brexit agreement with the European Union.
The following companies are in trading halts and are expected to exit in the next 48 hours:
Friday:
Alloy Resources (ASX:AYR) – capital raising
Fluence Corp (ASX:FLC) – capital raising
Parazero (ASX:PRZ) – capital raising
Geopacific Resources (ASX:GPR) – capital raising
Monday:
Karios Minerals (ASX:KAI) – capital raising
Ultracharge (ASX:UTR) – proposed acquisition
Palla Pharma (ASX:PAL) – capital raising
Great Souther Mining (ASX:GSN) – capital raising
WiseTech Global (ASX:WTC) – response to J Capital report
Markets
Gold: $US1,492.71 (+0.18%)
Silver: $US17.43 (+0.95%)
Oil (WTI): $US54.00 (+1.20%)
Oil (Brent): $US59.92 (+0.84%)
Coal: $US68.67 (+0.81%)
Iron 62pc Fe: $US87.06 (-0.9%)
AUD/USD: $US0.6829 (+1.08%)
Bitcoin: $US7,970.98 (-2.6%)
What got you talking yesterday
Over on the Stockhead Twitter page, senior journalist Reuben Adams’ coverage of the latest round of deal activity in Australia’s vanadium sector got plenty of attention.
“We are seeing increased interest from the agricultural sector and remote communities,” @VSUNEnergy says — “It is a very large market in Australia.” #ASX #ausbiz #vanadium https://t.co/4dnM7UfWPs
— Stockhead (@StockheadAU) October 17, 2019
These were the six most-tipped stocks (weekly) on Stocks in Play:
Yesterday’s winners
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| N27 | Northern Cobalt Ltd | 0.08 | +107.50% | $5.5M | 12.6M |
| AOA | Ausmon Resources Ltd | 0.003 | +50.00% | $1.6M | 165.0k |
| TKM | Trek Metals Ltd | 0.03 | +36.36% | $1.6M | 173.6k |
| GLV | Global Vanadium Ltd | 0.004 | +33.33% | $6.3M | 7.8M |
| SUD | Suda Pharmaceuticals Ltd | 0.004 | +33.33% | $14.2M | 14.1M |
| PRO | Prophecy International Holding | 0.58 | +31.82% | $37.1M | 169.7k |
| HWK | Hawkstone Mining Ltd | 0.013 | +30.00% | $10.6M | 3.0M |
| MSE | Metalsearch Ltd | 0.02 | +28.00% | $17.3M | 13.8M |
| UBN | Urbanise.com Ltd | 0.05 | +26.19% | $36.6M | 1.2M |
| SHE | Stonehorse Energy Ltd | 0.015 | +25.00% | $6.0M | 135.0k |
| AAJ | Aruma Resources Ltd | 0.005 | +25.00% | $3.3M | 2.3M |
| AAP | Australian Agricultural Projec | 0.02 | +25.00% | $3.0M | 500.0k |
| ECT | Environmental Clean Technologi | 0.0025 | +25.00% | $12.0M | 3.5M |
| MOH | Moho Resources NL | 0.08 | +23.08% | $3.4M | 105.0k |
| HMX | Hammer Metals Ltd | 0.03 | +22.73% | $11.9M | 2.4M |
| CNJ | Conico Ltd | 0.011 | +22.22% | $4.2M | 32.5k |
| NC6 | Nanollose ltd | 0.09 | +21.92% | $6.7M | 15.0k |
| RDN | Raiden Resources Ltd | 0.0085 | +21.43% | $3.5M | 415.0k |
| M7T | Mach7 Technologies Ltd | 0.82 | +21.32% | $124.0M | 3.6M |
Yesterday’s losers
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| APG | Austpac Resources NL | 0.001 | -50.00% | $2.9M | 125.0k |
| GBP | Global Petroleum Ltd | 0.02 | -29.63% | $3.9M | 13.3k |
| CA8 | CoAssets Ltd | 0.06 | -27.06% | $12.8M | 5M |
| NVO | NVOI Ltd | 0.011 | -26.67% | $11.4M | 23.4M |
| SUD | Suda Pharmaceuticals Ltd | 0.003 | -25.00% | $10.7M | 9.2M |
| SMI | Santana Minerals Ltd | 0.003 | -25.00% | $2.0M | 100.0k |
| RIM | Rimfire Pacific Mining NL | 0.003 | -25.00% | $4.5M | 44.6M |
| OLV | Otherlevels Holdings Ltd | 0.006 | -25.00% | $1.7M | 360.0k |
| GLA | Gladiator Resources Ltd | 0.0015 | -25.00% | $2.4M | 1.5M |
| BPH | BPH Energy Ltd | 0.0015 | -25.00% | $4.5M | 2.7M |
| 8VI | 8VIC Holdings Ltd | 0.15 | -25.00% | $6.1M | 2.1k |
| PIN | PINCHme.com Inc | 0.1 | -23.08% | $12.7M | 71.9k |
| SFL | Spring FG Ltd | 0.04 | -20.00% | $5.7M | 65.0k |
| FGO | Flamingo AI Ltd | 0.002 | -20.00% | $2.2M | 4.7M |
| EVE | EVE Investments Ltd | 0.004 | -20.00% | $10.2M | 1.9M |
| CZN | Corazon Mining Ltd | 0.002 | -20.00% | $4.1M | 5.9M |
| WCN | White Cliff Minerals Ltd | 0.005 | -16.67% | $2.4M | 115.4k |
| SCN | Scorpion Minerals Ltd | 0.01 | -16.67% | $1.8M | 100.0k |
| MMR | MEC Resources Ltd | 0.005 | -16.67% | $3.3M | 20.0k |
| CAV | Carnavale Resources Ltd | 0.0025 | -16.67% | $3.7M | 200.0k |
