Rise and Shine: What you need to know before the ASX opens

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On Stockhead today, the regulatory roadblocks to the global cannabis market are crumbling and these stocks are set to benefit, why the insanely high palladium price is not sustainable and this week’s Health Kick podcast delves into the science behind 2019’s hottest IPO.

But first…

The day ahead

Today at 11am the Melbourne Institute will release monthly consumer inflation expectations. This figure has been within the 3-4 per cent range since April but has risen the last two surveys in a row.

The following companies are in trading halts or voluntary suspensions and are expected to exit in the next 48 hours.

Thursday:

Mako Gold (ASX:MKG) – capital raising
Great Northern Minerals (ASX:GNM) – preliminary drilling results

Friday:

Evolve Education (ASX:EVO) – capital raising
1st Group (ASX:1ST) – capital raising
Nusantara Resources (ASX:NUS) – capital raising
Prospect Resources (ASX:PSC) – updated DFS & off-take

Markets

Gold: $US1,474.45 ($2,142.91) (+0.71%)

Silver: $US16.89 (+1.15%)

Oil (WTI): $US58.75 (-0.51%)

Oil (Brent): $US63.70 (-0.46%)

Coal: $US68.32 (+0.72%)

Iron 62pc Fe: $US91.36 (-0.74%)

AUD/USD: $US0.6880 (+1.04%)

Bitcoin: $US7,177.40 (-0.52%)

What got you talking yesterday

There’s only one electric scooter maker on the ASX and it anticipates a profit of over $1m in its Christmas stocking this year. It got the most attention among our Twitter followers.

The only ASX small cap in the electric scooter market anticipates a profit over $1 million this year https://t.co/qjakmMGlSB $VMT #ASX

— Stockhead (@StockheadAU) December 11, 2019

We also have a Facebook chat group which you can join here. Among topics discussed this week include Legend Mining’s (ASX:LEG) discovery and Cann Global’s (ASX:CGB) commercialisation of IP belonging to John Easterling – Olivia Newton-John’s husband.

These were the most tipped stocks (weekly) on Stocks in Play:

Yesterday’s winners

Yesterday’s losers

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