Ahoy there! On Stockhead today, why marijuana is a better bet than hemp, how to buy a piece of your own bar in Sydney, and what to look for in all that blah about battery metals projects.

But first:
 

The day ahead in data

Westpac is dropping its Consumer Confidence and Consumer Sentiment surveys around 10:30am EST.

In January, it said 2018’s “cautiously optimistic” consumer mood had evaporated, “with sentiment beginning the new year with a slightly pessimistic view”.
 

Commodities

Gold: $US1301.79 ($1,838.13) +0.59%

Silver: $US15.44 +0.80%

Oil (Brent): $US66.87 +0.27%

Oil (WTI): $US56.95 +0.58%

Coal: $US92.60 +0.71%

Iron ore 62% fe: $US84.53 -0.73%

AUD/USD: $US0.7082
 

Company news

Three companies are due out of trading halts today – Threat Protect (ASX:TPS) with a rights issue prospectus, Antisense Therapeutics (ASX:ANP) with a capital raising announcement, and Equus Mining (ASX:EQE) over a drilling permit for its Los Domes gold-silver project.

 
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Yesterday’s winners

Parkd (ASX:PKD) has made first cash from its first car park – sending its share price up 20c to 18c for the day.

A Perth Subaru dealership will pay $690,000 for the pilot car park the ASX company finished in August last year.

Parkd built the 49 bay car park out of its own pocket for the Subaru dealer’s exclusive, and free, use for six months from practical completion.

During that period the dealership had an option to buy the car park, and if they didn’t Parkd would remove it at no cost.

The dealership scraped in at the very end of the six-month period with the purchase.

Cobalt explorer Berkut Minerals (ASX:BMT) is changing focus, buying a historic high grade gold mine in Queensland.

The news was a hit, with the share price jumping 28 per cent to 13c for the day.

Berkut is buying some tenements including the historical high-grade Tick Hill project which it calls “one of Australia’s highest grade and most profitable gold mines”.

Tick Hill produced 511,000 ounces at 22.5 grams per tonne gold (that’s high grade) to a depth of 235m between 1991 until 1995, but has been largely unexplored over the past 20 years.

But yesterday’s gains were led by the tiny Tamaska Oil & Gas (ASX: TMK) and VDM Group (ASX:VDM) which posted 100 per cent increases to 0.2c cents a share, despite the absence of any market updates.

(Tamaska moved office in February, but that’s about it.)

ASX code Company Name Price Percentage Change Market Cap Volume
TMK Tamaska Oil & Gas 0.002 100% $3,900,000 45.0k
VMG VDM Group 0.002 100% $12,600,000 150.0k
BMT Berkut Minerals 0.13 58% $6,500,000 6.4M
JXT Jaxsta 0.19 50% $40,300,000 161.4k
ANL Amani Gold 0.003 50% $8,700,000 10.4M
LCY Legacy Iron Ore 0.003 50% $4,400,000 274.6k
RXH Rewardle Holdings 0.003 50% $1,600,000 14.7k
PGY Pilot Energy 0.02 46% $1,500,000 617.2k
OLI Oliver's Real Food 0.04 45% $10,300,000 13.5M
IP1 Integrated Payment Technologie 0.03 43% $4,900,000 6.2M
PNN PepinNini Lithium 0.004 33% $3,300,000 400.0k
PRL Petrel Energy 0.004 33% $9,700,000 16.1M
EMP Emperor Energy 0.003 25% $2,400,000 266.7k
MNC Metminco 0.003 25% $3,000,000 171.7k
OGX Orinoco Gold 0.005 25% $5,700,000 16.5M
QGL Quantum Graphite 0.003 25% $18,700,000 287.7k
WBE Whitebark Energy 0.005 25% $7,900,000 1.2M
XPE Xped 0.003 25% $3,800,000 733.5k
HCH Hot Chili 0.03 23% $24,600,000 756.7k
AWV Anova Metals 0.011 22% $7,000,000 4.1M
SKN Skin Elements 0.02 22% $3,200,000 657.3k
AQX Alice Queen 0.012 20% $7,800,000 281.5k
CIO Connected IO 0.003 20% $5,400,000 5.0M
COY Coppermoly 0.006 20% $10,300,000 1.1M
EVE EVE Investments 0.006 20% $13,900,000 41.7M
PCL Pancontinental Oil & Gas 0.003 20% $16,200,000 4.8M
WRM White Rock Minerals 0.006 20% $9,800,000 1.8M
PKD Parkd 0.18 20% $13,500,000 13.3k
FIJ Fiji Kava 0.12 20% $8,400,000 27.8k

 

Yesterday’s losers

It was mostly micro caps getting trounced yesterday on no news, like poor old Classic Minerals (ASX:CLZ), RMG (ASX:RMG), and Alloy Resources (ASX:AYR).

After falling 20 per cent on Monday, Galan Lithium (ASX:GLN) continued tumbling, down 17 per cent to 41c for the day, on no news.

What gives?

Just last week these guys got a speeding ticket from the ASX when it went from 51c to 67c over the course of a day. Again, on no news.

ASX code Company Name Price Percentage Change Market Cap Volume
CLZ Classic Minerals 0.001 -50% $3,000,000 6.0M
RMG RMG 0.008 -33% $4,800,000 101.2k
AYR Alloy Resources 0.002 -33% $3,200,000 130.0k
ORM Orion Metals 0.005 -29% $2,400,000 5.4k
SCI Silver City Minerals 0.008 -27% $2,300,000 1.3M
TRM Truscott Mining 0.011 -27% $1,300,000 59.0k
XST XState Resources 0.003 -25% $3,400,000 35.0k
RNX Renegade Exploration 0.003 -25% $2,100,000 100.0k
DHR Dark Horse Resources 0.003 -25% $5,900,000 1.4M
AOA Ausmon Resources 0.003 -25% $1,600,000 220.0k
YBR Yellow Brick Road 0.06 -25% $16,500,000 620.1k
EQE Equus Mining 0.012 -20% $10,800,000 3.0M
TMX Terrain Minerals 0.004 -20% $2,600,000 198.0k
LRS Latin Resources 0.002 -20% $6,500,000 3.8M
ALT Analytica 0.004 -20% $13,300,000 1.1M
VMC Venus Metals 0.12 -17% $10,900,000 130.8k
GLN Galan Lithium 0.41 -17% $47,200,000 2.5M
UNL United Networks 0.01 -17% $1,300,000 25.0k
CRO Cirralto 0.01 -17% $5,000,000 6.1M
AHZ Admedus 0.04 -17% $24,200,000 7.0M
AHN Athena Resources 0.01 -17% $2,700,000 25.0k
MIL Millennium Services Group 0.15 -17% $6,900,000 207.5k
AD1 ApplyDirect 0.015 -17% $3,800,000 670.0k
ABT Abundant Produce 0.1 -17% $6,100,000 1.4M
HNR Hannans 0.011 -15% $21,900,000 1.9M
MDI Middle Island Resources 0.006 -14% $6,300,000 1.9M
KMT Kopore Metals 0.012 -14% $6,500,000 338
GLV Global Vanadium 0.003 -14% $8,500,000 20.1M
TKL Traka Resources 0.01 -13% $4,300,000 6.3k