Rise and Shine: What you need to know before the ASX opens
You, circa tomorrow afternoon. Picture: Getty Images
It’s Friday, and we’re in love with… these stories on Stockhead today:
- How ASX-listed stocks exposed to Brexit are dealing with the chaos
- Why tin is so hot right now; and
- An ASX small cap makes it into the North Sea oil club.
But first, here’s what you need to know right now:
The day ahead in data
Not much out today – just data from the Australian Bureau of Statistics on crime and preschool education.
Company news
Two companies have shares coming out of escrow today — Kingwest Resources (ASX:KWR) with 437,500 and Wattle Health (ASX:WHA) with 59 million.
And three companies are due out of a trading halt: Environmental Clean Technologies (ASX:ECT), Blackham Resources (ASX:BLK) and Alara Resources (ASX:AUQ).
ECT is awaiting the outcome of a board meeting held by NMDC, its Indian partner; BLK and AUQ with funding updates.
Commodities
Gold: $US1293.90 (1,831.13) -1.00%
Silver: $US15.15 -1.71%
Oil (Brent): $US67.06 -0.64%
Oil (WTI): $US58.39 +0.39%
Coal: $US92.75 +0.36%
Iron ore 62% fe: $US85.01 -0.35%
AUD/USD: $US0.7065
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What got you talking yesterday
Thanks to that fricken Facebook and Instagram outage yesterday, there was bugger-all action on the Stockhead Facebook chat forum.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday:
Close Top 5 #MostDiscussedStocks: $SPT $VEC $FLC $AUZ $GXY #asx #ausbiz https://t.co/xOFzWmkzay
— HotCopper (@HotCopper) March 14, 2019
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Yesterday’s winners
Kalnorth Gold (ASX:KGM) was the day’s biggest winner, rising 133 per cent based on no news. Shares jumped from 0.3c to 0.7c.
Reece Pharmaceuticals (ASX:RCE) rose 20 per cent to 18c after it was granted a US patent for a new synthetic antibiotic its developing, setting the stage for human trials this year.
Director James Graham says they plan to start a phase 1 human clinical trial in the early second half of calendar 2019, under the US FDA’s antibiotic development program, and said they hadn’t yet decided whether to partner with another company to take it to market or do that themselves.
Lithium player Strike Resources (ASX:SRK) was a big mover, jumping almost 40 per cent to 9 cents.
It follows an announcement yesterday that Strike has acquired a 90 per cent interest in 12,000 hectares of prospective lithium concessions in Argentina.
| ASX code | Company Name | Price | Percentage Change | Market Cap | Volume |
|---|---|---|---|---|---|
| KGM | Kalnorth Gold Mines Ltd | 0.007 | 133% | $6,300,000 | 528.0k |
| SRN | Surefire Resources NL | 0.005 | 67% | $2,200,000 | 6.2M |
| SKN | Skin Elements Ltd | 0.04 | 54% | $6,200,000 | 368.3k |
| SRK | Strike Resources Ltd/Australia | 0.1 | 52% | $15,300,000 | 4.2M |
| CLZ | Classic Minerals Ltd | 0.002 | 50% | $4,500,000 | 1.0M |
| RMG | RMG Ltd | 0.011 | 38% | $6,600,000 | 721.7k |
| HMX | Hammer Metals Ltd | 0.027 | 35% | $8,500,000 | 3.8M |
| CYQ | Cycliq Group Ltd | 0.004 | 33% | $3,800,000 | 2.7M |
| DHR | Dark Horse Resources Ltd | 0.004 | 33% | $7,900,000 | 2.8M |
| LRS | Latin Resources Ltd | 0.002 | 33% | $6,500,000 | 6.4M |
| MHC | Manhattan Corp Ltd | 0.004 | 33% | $3,000,000 | 500.0k |
| XST | XState Resources Ltd | 0.004 | 33% | $4,600,000 | 499.2k |
| DTR | Dateline Resources Ltd | 0.003 | 25% | $19,000,000 | 8.9M |
| ICG | Inca Minerals Ltd | 0.005 | 25% | $15,100,000 | 850.0k |
| PRL | Petrel Energy Ltd | 0.005 | 25% | $10,900,000 | 2.3M |
| STM | Sunstone Metals Ltd | 0.04 | 25% | $48,600,000 | 44.7M |
| ANR | Anatara Lifesciences Ltd | 0.44 | 24% | $22,000,000 | 71.1k |
| CT1 | CCP Technologies Ltd | 0.011 | 22% | $4,900,000 | 1.5M |
| ADN | Andromeda Metals Ltd | 0.006 | 20% | $6,800,000 | 1.2M |
| GTE | Great Western Exploration Ltd | 0.006 | 20% | $5,800,000 | 150.0k |
Yesterday’s losers
Red Emperor (ASX:RMP) lost 24 per cent as the fallout from 88 Energy’s (ASX:88E) busted Alaskan oil well continues.
| ASX code | Company Name | Price | Percentage Change | Market Cap | Volume |
|---|---|---|---|---|---|
| VMG | VDM Group Ltd | 0.001 | -50% | $6,300,000 | 230.0k |
| VPR | Volt Power Group Ltd | 0.001 | -33% | $8,200,000 | 1.0M |
| GPP | Greenpower Energy Ltd | 0.002 | -33% | $3,100,000 | 361.6k |
| ARO | Astro Resources NL | 0.002 | -33% | $3,800,000 | 775.7k |
| AKN | Auking Mining Ltd | 0.001 | -33% | $933,000 | 2.0M |
| NSE | New Standard Energy Ltd | 0.003 | -25% | $2,400,000 | 2.0k |
| ADV | Ardiden Ltd | 0.003 | -25% | $5,000,000 | 6.8M |
| TTA | TTA Holdings Ltd | 0.015 | -25% | $2,100,000 | 20.0k |
| GID | GI Dynamics Inc | 0.015 | -25% | $14,500,000 | 239.1k |
| RMP | Red Emperor Resources NL | 0.016 | -24% | $7,900,000 | 46.1M |
| XPE | Xped Ltd | 0.002 | -20% | $3,000,000 | 1.9M |
| REF | Reverse Corp Ltd | 0.02 | -20% | $1,500,000 | 226.8k |
| QGL | Quantum Graphite Ltd | 0.002 | -20% | $15,000,000 | 24.0M |
| OEX | Oilex Ltd | 0.004 | -20% | $10,300,000 | 20.0k |
| MEB | Medibio Ltd | 0.016 | -20% | $3,200,000 | 544.5k |
| FTT | Factor Therapeutics Ltd | 0.004 | -20% | $4,200,000 | 9.4M |
| FYI | FYI Resources Ltd | 0.05 | -20% | $10,400,000 | 430.1k |
| RFN | Reffind Ltd | 0.005 | -17% | $2,600,000 | 75.3k |
| NVO | NVOI Ltd | 0.005 | -17% | $4,700,000 | 2.4M |
| LNY | Laneway Resources Ltd | 0.005 | -17% | $18,400,000 | 1.8M |
That’s all you need to know. Your weekend beckons.
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