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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today: why the 15 per cent EV penetration by 2024 prediction is impossible, the small caps investors are shorting right now, why the MiFID II laws are here to stay and Sportcor rolls out its SmartBall technology.
But first:
The day ahead
It’s a quiet one on the data front today, both locally and abroad. Markets will be focused on the latest Brexit developments to start the week, as UK lawmakers return to the House of Commons for another round of crucial votes on Prime Minister Boris Johnson’s proposed deal.
The ASX is set to open higher after a positive session for US stocks. Semiconductor stocks rose strongly amid more optimism surrounding US-China trade negotiations.
Tuesday:
CropLogic (ASX:CLI) – response to ASX query
Wednesday:
WiseTech Global (ASX:WTC) – response to J Capital report
Cogstate (ASX:CGS) – capital raising
Vimy Resources (ASX:VMY) – capital raising
XCD Energy (ASX:XCD) – capital raising
Kalina Power (ASX:KPO) – capital raising
Environmental Clean Technologies (ASX:ECT) – response to incident at research facility
Cape Lambert Resource (ASX:CFE) – project tenement status
Bass Oil (ASX:BAS) – well update
Markets
Gold: $US1,482.81 (-0.47%)
Silver: $US17.55 (-0.01%)
Oil (WTI): $US53.66 (-0.39%)
Oil (Brent): $US59.06 (-0.57%)
Coal: $US69.37 (+0.83%)
Iron 62pc Fe: $US85.40 (-1.1%)
AUD/USD: $US0.6867 (+0.18%)
Bitcoin: $US8,279.22 (-0.58%)
What got you talking yesterday
Over on the Stockhead Facebook page, readers noted with interest the latest from Nick Sundich on the drama surrounding WisteTech Global (ASX:WTC), as CEO Richard White responded to a damning review of the company last week by research firm J Capital.
These were the 10 most-tipped stocks (weekly) on Stocks in Play:
Yesterday’s winners
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| IVO | Invigor Group Ltd | 0.03 | +47.06% | $3.8M | 299.8k |
| DLC | Delecta Ltd | 0.007 | +40.00% | $4.9M | 875.8k |
| AXT | Argo Exploration Ltd | 0.02 | +33.33% | $2.9M | 500.0k |
| MTB | Mount Burgess Mining NL | 0.004 | +33.33% | $2.1M | 350.0k |
| IOD | IODM Ltd | 0.3 | +30.43% | $159.0M | 1.4M |
| OVL | Oro Verde Ltd | 0.01 | +30.00% | $26.0M | 106.3M |
| CCV | Cash Converters International | 0.19 | +30.00% | $120.2M | 14.8M |
| KMT | Kopore Metals Ltd | 0.005 | +25.00% | $3.2M | 800.0k |
| OSL | OncoSil Medical Ltd | 0.12 | +21.05% | $72.5M | 8.1M |
| ZNO | Zoono Group Ltd | 0.17 | +20.69% | $28.6M | 2.9M |
| BNL | Big Star Energy Ltd | 0.006 | +20.00% | $3.5M | 991.7k |
| HSC | HomeStay Care Ltd | 0.006 | +20.00% | $4.9M | 500.0k |
| LML | Lincoln Minerals Ltd | 0.006 | +20.00% | $3.4M | 100.0k |
| RMX | Red Mountain Mining Ltd | 0.006 | +20.00% | $5.1M | 29.2M |
| MLX | Metals X Ltd | 0.22 | +18.92% | $199.6M | 72.2M |
| JRL | Jindalee Resources Ltd | 0.29 | +18.00% | $11.4M | 5.9k |
| CLI | CropLogic Ltd | 0.05 | +17.02% | $22.9M | 11.2M |
| FHS | Freehill Mining Ltd | 0.014 | +16.67% | $11.4M | 71.4k |
| MTH | Mithril Resources Ltd | 0.007 | +16.67% | $3.4M | 8.0M |
| OAU | Ora Gold Ltd | 0.03 | +16.67% | $18.1M | 2.1M |
| LBT | LBT Innovations Ltd | 0.14 | +16.00% | $34.1M | 9.0M |
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 |
