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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, air pollution is getting worse and these stocks are in the game, the bulls at State Street reckon a recession isn’t on the cards and equities are still a buy in 2020 and Wildcatter discusses whether South Africa’s gas shortfall is creating an investment opportunity.
But first…
The day ahead
On the local data front, NAB’s widely-read monthly business survey comes out at 11:30am EST. There’s also some RBA activity, with governor Philip Lowe and assistant governor Michelle Bullock both making appearances at the AusPayNet Summit in Sydney.
Looking abroad, key data will be led by Chinese inflation figures for the month of November.
The following companies are in trading halts or voluntary suspensions and are expected to exit in the next 48 hours
Tuesday:
Minrex Resources (ASX:MRR) – loan notes agreement update
HeraMED (ASX:HMD) – capital raising
AppsVillage (ASX:APV) – capital raising
Roolife Group (ASX:RLG) – capital raising
Wednesday:
Jaxsta (ASX:JXT) – capital raising
CCP Technologies (ASX:CT1) – material agreement
Hastings Technology (ASX:HAS) – capital raising
Peninsula Mines (ASX:PSM) – project acquisition
Markets
Gold: $US1,461.66 ($2,142.48) (+0.40%)
Silver: $US16.61 (+0.15%)
Oil (WTI): $US58.91 (-0.49%)
Oil (Brent): $US64.06 (-0.51%)
Coal: $68.32 (-0.73%)
Iron 62pc Fe: $93.93 (+5.5%)
AUD/USD: $0.6823 (-0.22%)
Bitcoin: $US7,360.67 (-2.40%)
What got you talking yesterday
Over on the Stockhead Twitter page, readers took an interest in senior journalist Rachel Williamson’s recap of proposed changes to the federal government’s Research and Development Tax Incentive (RDTI), which has raised concerns in the life sciences sector.
These were the most tipped stocks (weekly) on Stocks in Play:
Last week’s winners
| Code | Name | Price | % Change | Market Cap | Volume |
|---|---|---|---|---|---|
| ECT | Environmental Clean Technologies | 0.002 | +100.00% | $9.6M | 13.5M |
| PCL | Pancontinental Oil & Gas NL | 0.002 | +100.00% | $10.8M | 529.0k |
| LEG | Legend Mining Ltd | 0.08 | +88.37% | $192.1M | 114.7M |
| CAD | Caeneus Minerals Ltd | 0.0015 | +50.00% | $3.5M | 250.0k |
| GLV | Global Vanadium Ltd | 0.003 | +50.00% | $9.4M | 1.3M |
| MRD | Mount Ridley Mines Ltd | 0.003 | +50.00% | $8.0M | 1.0M |
| ICG | Inca Minerals Ltd | 0.002 | +33.33% | $8.3M | 1.5M |
| NOR | Norwood Systems Ltd | 0.004 | +33.33% | $8.9M | 22.2M |
| TMX | Terrain Minerals Ltd | 0.004 | +33.33% | $2.9M | 6.7M |
| ZNO | Zoono Group Ltd | 0.32 | +33.33% | $52.3M | 4.4M |
| DTZ | Dotz Nano Ltd | 0.05 | +27.50% | $12.1M | 1.2M |
| BGT | Bio-Gene Technology Ltd | 0.2 | +25.00% | $26.6M | 3.6M |
| BCC | Beam Communications Holdings Ltd | 0.28 | +25.00% | $14.5M | 393.9k |
| BUY | Bounty Oil & Gas NL | 0.005 | +25.00% | $4.8M | 322.7k |
| DTR | Dateline Resources Ltd | 0.0025 | +25.00% | $20.5M | 11.6M |
| PCH | Property Connect Holdings Ltd | 0.0025 | +25.00% | $1.7M | 833.3k |
| RIM | Rimfire Pacific Mining NL | 0.0025 | +25.00% | $3.8M | 500.0k |
| SBR | Sabre Resources Ltd | 0.0035 | +25.00% | $2.1M | 329.0k |
| NES | Nelson Resources Ltd | 0.07 | +23.64% | $3.1M | 20.0k |
| NUC | Nuchev Pty Ltd | 3.2 | +23.08% | $144.0M | 3.9M |
Last week’s losers
| Code | Company | Price | % Change | Market Cap | Volume |
|---|---|---|---|---|---|
| GGX | Gas2Grid Ltd | 0.003 | -40.00% | $3.8M | 860.5k |
| VIC | Victory Mines Ltd | 0.001 | -33.33% | $3.0M | 3.9M |
| MLS | Metals Australia Ltd | 0.001 | -33.33% | $3.2M | 468.0k |
| SMI | Santana Minerals Ltd | 0.0035 | -30.00% | $9.4M | 6.8M |
| CVT | Covata Ltd | 0.08 | -28.57% | $2.9M | 48.0k |
| SUR | Sun Resources NL | 0.0015 | -25.00% | $2.0M | 2.3M |
| PNN | PepinNini Lithium Ltd | 0.0015 | -25.00% | $2.2M | 50.0k |
| GAL | Galileo Mining Ltd | 0.15 | -25.00% | $18.1M | 15.2M |
| BOA | Boadicea Resources Ltd | 0.2 | -24.07% | $11.4M | 179.2k |
| BPL | Broken Hill Prospecting Ltd | 0.02 | -20.83% | $3.2M | 1.2M |
| SER | Strategic Energy Resources Ltd | 0.004 | -20.00% | $3.8M | 1.0M |
| KTE | K2 Energy Ltd | 0.004 | -20.00% | $1.2M | 600.0k |
| KIS | King Island Scheelite Ltd | 0.05 | -19.12% | $14.5M | 66.5k |
| EXL | Elixinol Global Ltd | 0.7 | -18.97% | $97.2M | 1.6M |
| FRN | Fraser Range Metals Group Ltd | 0.02 | -18.52% | $5.5M | 18.4M |
| ENT | Enterprise Metals Ltd | 0.009 | -18.18% | $4.1M | 3.4M |
| TAR | Taruga Minerals Ltd | 0.014 | -17.65% | $2.9M | 257.2k |
| SRN | Surefire Resources NL | 0.0025 | -16.67% | $1.6M | 250.0k |
| POW | Protean Energy Ltd | 0.005 | -16.67% | $1.6M | 75.0k |
| KEY | Key Petroleum Ltd | 0.005 | -16.67% | $8.4M | 1.2M |
| UNL | United Networks Ltd | 0.03 | -16.67% | $9.8M | 4.6k |
