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Rise and Shine: What you need to know before the ASX opens
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Friday. Who’s doing all the heavy lifting before the weekend?
On Stockhead today, a small cap that proves you can have more women than men on a board – yes, more women! Also, what people think they know about lithium-ion batteries, but don’t, and some essential advice for traders from a very, very successful one.
But first, here’s what you need to know right now on this International Womens Day:
The day ahead in data
Two releases from the Australian Bureau of Statistics today. The first is data on schools across the country, while the second is possibly even a little more grim: figures on livestock and meat from January, including an estimate on the number of animals slaughtered. Yikes.
Company news
Quantify Technologies (ASX:QFY) has a massive 163 million shares being released from escrow today, while Matador Mining (ASX:MZZ) has 4.5 million shares being released.
Three companies are due out of trading halts today. Sensera (ASX:SE1), Red Sky Energy (ASX:ROG) and Atrum Coal (ASX:ATU) all have news coming out about capital raises.
Commodities
Gold: $US1285.09 ($1,829.94) -0.04%
Silver: $US14.99 -0.34%
Oil (Brent): $US66.23 +0.53%
Oil (WTI): $US56.54 +0.73%
Coal: $US95 -0.54%
Iron ore 62% fe: $US85.79 -0.83%
AUD/USD: $US0.7022
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What got you talking
Generating interest on the Stockhead Facebook chat forum was resources editor Angie East’s coverage of the Canterbury Resources (ASX:CBY) debut.
Member Jeannine Delahunty said: “I gave up waiting for CBY to list. Got into Galan Lithium (ASX:GLN) instead.”
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday:
Close Top 5 #MostDiscussedStocks: $VEC $AUZ $XJO $SPT $AVZ #asx #ausbiz https://t.co/xOFzWmkzay
— HotCopper (@HotCopper) March 7, 2019
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Yesterday’s winners
Red Emperor Resources (ASX: RMP) was a big winner yesterday, rising 75 per cent to 10c after updating the market on its Alaskan drilling operations.
The oil & gas play said it had reached total depth of 6,800 feet (2,072 metres), with “multiple potential pay zones identified, including in the primary target zone”.
Red Emperor will now carry out a wireline logging program to verify the zones of interest, which is expected to take around 10 days.
That also sent the 88 Energy (ASX:88E) share price up 44 per cent to 2.3c.
| ASX code | Company name | Price | Percentage change | Market cap | Volume |
|---|---|---|---|---|---|
| IDZ | Indoor Skydiving Australia Gro | 0.016 | +77.78% | $2,200,000 | 2.1M |
| RMP | Red Emperor Resources NL | 0.1 | +75.44% | $52,500,000 | 37.8M |
| HOR | Horseshoe Metals Ltd | 0.012 | +50.00% | $2,300,000 | 298.0k |
| VPR | Volt Power Group Ltd | 0.002 | +50.00% | $12,400,000 | 25.5k |
| FPL | Fremont Petroleum Corp Ltd | 0.009 | +50.00% | $11,100,000 | 15.1M |
| 88E | 88 Energy Ltd | 0.023 | +43.75% | $142,500,000 | 155.9M |
| IPB | IPB Petroleum Ltd | 0.043 | +38.71% | $8,600,000 | 4.5M |
| AOA | Ausmon Resources Ltd | 0.002 | +33.33% | $2,200,000 | 760.0k |
| ARO | Astro Resources NL | 0.004 | +33.33% | $5,100,000 | 827.0k |
| CLZ | Classic Minerals Ltd | 0.002 | +33.33% | $6,000,000 | 3.7M |
| PRL | Petrel Energy Ltd | 0.004 | +33.33% | $9,700,000 | 4.5M |
| XST | XState Resources Ltd | 0.002 | +33.33% | $4,600,000 | 6.4M |
| AQS | Aquis Entertainment Ltd | 0.05 | +25.00% | $9,300,000 | 72.5k |
| CIO | Connected IO Ltd | 0.003 | +25.00% | $4,500,000 | 94.2k |
| QGL | Quantum Graphite Ltd | 0.003 | +25.00% | $18,700,000 | 730.0k |
| RLC | Reedy Lagoon Corp Ltd | 0.005 | +25.00% | $2,000,000 | 1.4M |
| SMI | Santana Minerals Ltd | 0.005 | +25.00% | $2,800,000 | 2.2M |
| SUD | Suda Pharmaceuticals Ltd | 0.005 | +25.00% | $12,900,000 | 67.3M |
| SCT | Scout Security Ltd | 0.16 | +24.00% | $18,500,000 | 428.5k |
| NET | NetLinkz Ltd | 0.04 | +23.33% | $51,100,000 | 4.5M |
| GOO | Gooroo Ventures Ltd | 0.04 | +22.86% | $4,500,000 | 285.4k |
| MBM | Mobecom Ltd | 0.14 | +22.73% | $30,000,000 | 52.5k |
| N27 | Northern Cobalt Ltd | 0.04 | +21.21% | $2,100,000 | 260.1k |
| VMC | Venus Metals Corp Ltd | 0.14 | +20.83% | $13,100,000 | 150.6k |
Yesterday’s losers
There were no standout disasters today, with most of the falls taking place among various minnow penny-stocks.
| ASX code | Company name | Last price | % change | Market cap | Volume |
|---|---|---|---|---|---|
| KLH | Kalia Ltd | 0.002 | -33% | $5,000,000 | 2.1M |
| AHK | ARK Mines Ltd | 0.008 | -27% | $409,000 | 145.3k |
| ADV | Ardiden Ltd | 0.003 | -25% | $5,000,000 | 2.3M |
| JCI | Jiancheng International Group | 0.42 | -21% | $27,000,000 | 1.3k |
| ARC | Australian Rural Capital Ltd | 0.5 | -20% | $6,300,000 | 5.0k |
| OAR | Oakdale Resources Ltd | 0.01 | -20% | $805,000 | 1.4k |
| QFY | Quantify Technology Holdings L | 0.01 | -20% | $7,800,000 | 6.3M |
| PCL | Pancontinental Oil & Gas NL | 0.002 | -20% | $10,800,000 | 275.0k |
| MZN | Marindi Metals Ltd | 0.004 | -20% | $7,900,000 | 101.0k |
| LRS | Latin Resources Ltd | 0.002 | -20% | $6,000,000 | 17.5M |
| CZN | Corazon Mining Ltd | 0.004 | -20% | $5,100,000 | 232.0k |
| ACL | Alchemia Ltd/Australia | 0.008 | -20% | $2,600,000 | 1.4M |
| CUX | Crossland Strategic Metals Ltd | 0.005 | -17% | $5,100,000 | 100.0k |
| AUT | Auteco Minerals Ltd | 0.005 | -17% | $5,400,000 | 508.5k |
| CGO | CPT Global Ltd/Australia | 0.15 | -17% | $5,600,000 | 2.0k |
| AFR | African Energy Resources Ltd | 0.011 | -15% | $6,900,000 | 52.0k |
| KIS | King Island Scheelite Ltd | 0.06 | -14% | $15,700,000 | 114.5k |
| TKM | Trek Metals Ltd | 0.01 | -14% | $1,900,000 | 350.0k |
| MSR | Manas Resources Ltd | 0.003 | -14% | $7,900,000 | 202.7k |
| MLS | Metals Australia Ltd | 0.003 | -14% | $7,000,000 | 631.7k |
| E2E | Eon NRG Ltd | 0.006 | -14% | $4,600,000 | 14.1M |
| BLX | Blaze International Ltd | 0.024 | -14% | $259,300,000 | 254.0k |
| SBW | Shekel Brainweigh Ltd | 0.25 | -14% | $34,100,000 | 22.8k |
| EBG | Eumundi Group Ltd | 0.86 | -14% | $32,800,000 | 1.5k |
That’s all you need to know.
DCM, lucky Victorians and Tasmanians.
