Rise and Shine: What you need to know before the ASX opens
It’s Friday, and we’re in love with… these stories on Stockhead today:
But first, here’s what you need to know right now:
Not much out today – just data from the Australian Bureau of Statistics on crime and preschool education.
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.
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%
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These were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday:
— HotCopper (@HotCopper) March 14, 2019
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.
Red Emperor (ASX:RMP) lost 24 per cent as the fallout from 88 Energy’s (ASX:88E) busted Alaskan oil well continues.
That’s all you need to know. Your weekend beckons.