Rise and Shine: What you need to know before the ASX opens
Link copied to
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:
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.
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.
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%
Want this headstart in your inbox every morning at 8am? Go on. Subscribe here. It’s free
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday:
— HotCopper (@HotCopper) March 7, 2019
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.
There were no standout disasters today, with most of the falls taking place among various minnow penny-stocks.
That’s all you need to know.
DCM, lucky Victorians and Tasmanians.