Welcome to the new working week!

Coming up on Stockhead today, who’s bought back into their own company, how can anyone compete with Netflix and Uber Eats, and what stocks are battling climate change – and losing?

But first, here’s what you need to know right now:

 

The week ahead in data

Nothing much of interest being released today, but it ramps up from Tuesday onwards.

Tomorrow the Australian Bureau of Statistics releases quarterly and yearly house price data and the minutes of the latest Reserve Bank of Australia meeting will be publicly issued.

Assistant governor at the RBA Michele Bullock will deliver a speech on Wednesday, while Westpac has monthly leading index data.

The RBA releases a bulletin on economic developments on Thursday and the ABS drops a range of employment figures.

 

Company news

A number of companies have shares coming out of escrow this week, including Apiam Animal Health (ASX:AHX), eCargo (ASX:ECG) and Moho Resources (ASX:MOH). View the full list here.

There are also a stack of companies due out of trading halts early this week. Alliance Resources (ASX:AGS), Metals Australia (ASX:MLS), Cazaly Resources (ASX:CAZ), Venturex Resources (ASX:VXR), Total Brain (ASX:TTB) and Bowen Coal (ASX:BCB) all have news of capital raises. Kingsgate Consolidated (ASX:KCN) have an update on some court proceedings, Northern Minerals (ASX:NTU) some funding news and Infinity Lithium (ASX:INF) are set to tell the market about an acquisition.

 

Commodities

Gold: $US1303.13 ($1,837.67) +0.39%

Silver: $US15.27 +0.64%

Oil (Brent): $US 67.16 -0.10%

Oil (WTI): $US58.52 -0.15%

Coal: $US91.25 -1.64%

Iron ore 62% fe: $US86.12 +0.16%

AUD/USD: $US0.7084

 

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What got you talking last week

FYI Resources (ASX:FYI) created some discussion on the Stockhead Facebook chat forum, with news it had produced 99.999 per cent purity alumina.

Member Maxwell Percy wrote: “Interesting article. They are not alone of course. Altech Chemicals (ASX:ATC) is another that appears to be progressing well towards the same ends and has several patents in place to protect its processes.”

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Friday:

 

 

Last week’s winners

Lithium play Strike Resources (ASX:SRK) led the pack this week, rocketing from 4 cents to above 10 cents for a weekly gain of 150 per cent,

Investors were excited by Strike’s acquisition of a 90 per cent interest in a prospective lithium site in Argentina.

The site supposedly sits within South America’s ‘Lithium Triangle’ in north-west Argentina. The company is targeting a fast-track exploration program to test geological models for production of lithium carbonates.

And junior explorer Ausmex (ASX:AMG) had a good week, after spiking on Thursday when it announced 3D geophysical modelling revealed a “massive” conductive structure at its Golden Mile tenements in Queensland.

Shares in the mining company, led by an experienced team with a strong history of value creation, closed the week at 13 cents for a gain of 101 per cent.

ASX code Company Market Cap Price this Friday Price last Friday One-week change
SRK STRIKE RESOURCES LTD $15,260,098.00 0.105 0.042 150
SKN SKIN ELEMENTS LTD $6,206,301.50 0.043 0.018 139
KGM KALNORTH GOLD MINES LTD $6,259,680.50 0.007 0.003 133
GBG GINDALBIE METALS LTD $40,490,200.00 0.027 0.012 125
AMG AUSMEX MINING GROUP LTD $63,923,920.00 0.155 0.077 101
KLH KALIA LTD $10,057,390.00 0.004 0.002 100
VRM VERDANT MINERALS LTD $33,112,844.00 0.030 0.015 100
TMK TAMASKA OIL & GAS LTD $3,920,000.00 0.002 0.001 100
BMT BERKUT MINERALS LTD $7,875,916.50 0.145 0.082 77
AWV ANOVA METALS LTD $9,586,984.00 0.015 0.009 67
SRN SUREFIRE RESOURCES NL $2,203,268.25 0.005 0.003 67
ICQ ICAR ASIA LTD $67,265,816.00 0.175 0.115 52
JXT JAXSTA LTD $39,259,244.00 0.180 0.120 50
EMU EMU NL $8,662,812.00 0.066 0.044 50
RXH REWARDLE HOLDINGS LTD $1,578,964.50 0.003 0.002 50
GTE GREAT WESTERN EXPLORATION LT $5,791,196.00 0.006 0.004 50
AVW AVIRA RESOURCES LTD $3,000,000.00 0.003 0.002 50
OLI OLIVER'S REAL FOOD LTD $8,524,885.00 0.034 0.023 48
UWL UNITI WIRELESS LTD $32,100,772.00 0.245 0.170 44
NVX NOVONIX LTD $83,733,624.00 0.680 0.480 42
CT1 CCP TECHNOLOGIES LTD $4,907,837.50 0.011 0.008 37
ENR ENCOUNTER RESOURCES LTD $25,188,008.00 0.096 0.070 37
PDI PREDICTIVE DISCOVERY LTD $2,833,704.75 0.012 0.009 33
CYQ CYCLIQ GROUP LTD $3,814,049.75 0.004 0.003 33
MHC MANHATTAN CORP LTD $2,965,114.75 0.004 0.003 33
DUB DUBBER CORP LTD $167,275,888.00 1.085 0.820 32
NCR NUCOAL RESOURCES LTD $19,215,310.00 0.025 0.019 32
TIE TIETTO MINERALS LTD $28,655,118.00 0.125 0.095 32
SL1 SYMBOL MINING LTD $9,943,727.00 0.017 0.013 31
VRS VERIS LTD $28,352,966.00 0.078 0.060 30
HMX HAMMER METALS LTD $8,486,021.00 0.027 0.021 29
AVH AVITA MEDICAL LTD $335,599,136.00 0.180 0.140 29
RXL ROX RESOURCES LTD $11,329,025.00 0.009 0.007 29
ARD ARGENT MINERALS LTD $7,081,382.50 0.014 0.011 27
HOR HORSESHOE METALS LTD $2,725,130.75 0.014 0.011 27
SRZ STELLAR RESOURCES LTD $4,936,275.50 0.014 0.011 27
FTZ FERTOZ LTD $26,894,518.00 0.210 0.165 27
SVT SERVTECH GLOBAL HOLDINGS LTD $4,054,105.00 0.019 0.015 27
LNU LINIUS TECHNOLOGIES LTD $41,331,292.00 0.044 0.035 26
ANL AMANI GOLD LTD $8,706,819.00 0.002 0.002 25
ICG INCA MINERALS LTD $15,092,677.00 0.005 0.004 25
MZN MARINDI METALS LTD $9,923,794.00 0.005 0.004 25
PRL PETREL ENERGY LTD $12,072,187.00 0.005 0.004 25
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Last week’s losers

Red Emperor Resources (ASX: RMP) came back to earth with a thud, after rocketing higher last week following an announcement on its drilling operations at the Winx-1 oil & gas well in Alaska.

Unfortunately, it turned out to be a dud. The clay formation in the Winx area makes it hard to get the oil out and also takes up more space, so there’s less oil to extract. RMP led the market lower with a weekly fall of 84 per cent.

And lithium player Galan (ASX:GLN) also suffered a heavy fall after a rollercoaster of a week.

The company’s stock price initially rocketed above 60 cents (prompting a please-explain from the ASX), before an equally sharp fall to finish the week 50 per cent lower.

A Monday announcement was to blame, as Galan advised that drill hole number two at the Candelas lithium brine project in Argentina wasn’t replicating the success of the first just yet. But here’s its boss still being pretty chirpy, saying the price plunge is a bit of an “overreaction”.

Ticker Name Market cap Price this Friday Price last Friday % change
GPP GREENPOWER ENERGY LTD $3,130,740.75 0.002 0.002 -20
ROG RED SKY ENERGY LTD $1,646,417.63 0.002 0.002 -20
MEB MEDIBIO LTD $3,980,824.00 0.016 0.020 -20
OEX OILEX LTD $10,307,952.00 0.004 0.005 -20
MRR MINREX RESOURCES LTD $1,150,532.75 0.012 0.015 -20
MTC METALSTECH LTD $2,806,893.25 0.024 0.030 -20
BNR BULLETIN RESOURCES LTD $3,585,861.50 0.020 0.025 -20
BGS BIRIMIAN LTD $42,321,620.00 0.160 0.200 -20
TNT TESSERENT LTD $8,618,063.00 0.060 0.075 -20
DXN DATA EXCHANGE NETWORK LTD $14,060,305.00 0.072 0.091 -21
GSS GENETIC SIGNATURES LTD $110,268,552.00 1.060 1.350 -21
LSA LACHLAN STAR LTD $5,277,059.50 0.007 0.009 -22
BUG BUDERIM GROUP LTD $18,064,590.00 0.210 0.270 -22
NES NELSON RESOURCES LTD $4,787,249.00 0.105 0.135 -22
IHR INTELLIHR HOLDINGS LTD $12,644,016.00 0.120 0.155 -23
ZGL ZICOM GROUP LTD $21,714,078.00 0.100 0.130 -23
GSW GETSWIFT LTD $33,934,376.00 0.180 0.235 -23
VEC VECTOR RESOURCES LTD $27,799,068.00 0.013 0.017 -24
CLZ CLASSIC MINERALS LTD $4,508,580.00 0.002 0.002 -25
NSE NEW STANDARD ENERGY LTD $2,364,179.50 0.003 0.004 -25
PNN PEPINNINI LITHIUM LTD $2,456,023.25 0.003 0.004 -25
MRD MOUNT RIDLEY MINES LTD $3,499,296.50 0.002 0.002 -25
ADV ARDIDEN LTD $5,030,640.50 0.003 0.004 -25
RNY RNY PROPERTY TRUST $1,580,483.38 0.006 0.008 -25
MDI MIDDLE ISLAND RESOURCES LTD $6,281,113.00 0.006 0.008 -25
AOA AUSMON RESOURCES LTD $1,638,203.75 0.003 0.004 -25
RNX RENEGADE EXPLORATION LTD $2,137,880.00 0.003 0.004 -25
OVL ORO VERDE LTD $4,667,035.50 0.003 0.004 -25
UNL UNITED NETWORKS LTD $1,132,424.50 0.009 0.012 -25
EQE EQUUS MINING LTD $9,870,045.00 0.011 0.015 -27
TRM TRUSCOTT MINING CORP LTD $1,296,257.00 0.011 0.015 -27
SCI SILVER CITY MINERALS LTD $2,349,682.00 0.008 0.011 -27
88E 88 ENERGY LTD $94,973,104.00 0.015 0.021 -29
ORM ORION METALS LTD $2,390,487.25 0.005 0.007 -29
AKN AUKING MINING LTD $932,584.44 0.001 0.002 -33
VPR VOLT POWER GROUP LTD $8,244,533.50 0.001 0.002 -33
SRO SHAREROOT LTD $1,569,454.38 0.001 0.002 -33
REF REVERSE CORP LTD $1,485,769.00 0.016 0.027 -41
ARO ASTRO RESOURCES NL $2,544,194.75 0.002 0.004 -50
GLN GALAN LITHIUM LTD $34,294,648.00 0.305 0.615 -50
RMP RED EMPEROR RESOURCES NL $8,404,684.00 0.016 0.098 -84
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That’s all you need to know. Go go go!

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