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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, how this CEO took ophthalmology biotech Opthea from a $200m tiddler to $1bn behemoth overnight, a tech firm, a goldie and a cannabis play dominate January’s Top 50 and our new “Think Big” column dips into how asset classes interact with the economic growth cycle.
But first…
The day ahead
Capping off a big week for the RBA, the central bank will today release its quarterly Statement on Monetary Policy (SoMP), which will include an updated set of key economic forecasts.
The Ai Group will also publish its report card for Australia’s services sector in January.
Later tonight, the US will be in focus with the release of all-important January jobs data, which includes updates on the unemployment rate and average hourly earnings.
The following ASX companies are in trading halts and are expected to exit in the next two trading days:
Friday:
Matador Mining (ASX:MZZ) – capital raising
Monday:
Sky Metals (ASX:SKY) – exploration results
Arowana International (ASX:AWN) – capital raise
Dropsuite (ASX:DSE) – capital raising
Windlab (ASX:WND) – response to legal proceedings
Gulf Maganese Corp (ASX:GMC) – financing for ferro-manganese processing hub
Markets
Gold: $US1,566.47 ($2,327.99) (+0.93%)
Silver: $US17.82 (+1.07%)
Oil (WTI): $US51.09 (+0.67%)
Oil (Brent): $US55.16 (-0.40%)
Coal: $US72.18 (+0.46%)
Iron 62pc Fe: $US83.17 (+2.3%)
AUD/USD: $US0.6730 (-0.24%)
Bitcoin: $US9,769.93 (+0.99%)
What got you talking yesterday
Readers took an interest in Stockhead’s discussion with Gregg Taylor from Bombora Group about the increasing level of investment in pre-IPO companies by institutional funds in the Australian market.
These were the most tipped stocks (weekly) on Stocks in Play:
Yesterday’s winners
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| DEG | De Grey Mining Ltd | 0.09 | +106.52% | $98.7M | 173.9M |
| PNN | PepinNini Lithium Ltd | 0.003 | +50.00% | $4.3M | 1.1M |
| TPD | Talon Petroleum Ltd | 0.003 | +50.00% | $5.3M | 500.0k |
| BSM | Bass Metals Ltd | 0.007 | +40.00% | $19.7M | 2.3M |
| HSC | HomeStay Care Ltd | 0.008 | +33.33% | $13.4M | 92.1M |
| KAI | Kairos Minerals Ltd | 0.008 | +33.33% | $8.2M | 5.5M |
| CCA | Change Financial Ltd | 0.22 | +26.47% | $22.1M | 1.7M |
| MME | MoneyMe Ltd | 1.89 | +26.00% | $320.2M | 1.0M |
| CM8 | Crowd Media Holdings Ltd | 0.03 | +25.00% | $7.2M | 36.6M |
| AOA | Ausmon Resources Ltd | 0.0025 | +25.00% | $1.6M | 250.0k |
| MEB | Medibio Ltd | 0.01 | +25.00% | $10.0M | 4.8M |
| MSG | MCS Services Ltd | 0.02 | +25.00% | $3.8M | 3.8M |
| DGO | DGO Gold Ltd | 1.12 | +24.44% | $39.4M | 52.8k |
| CZI | Cassini Resources Ltd | 0.11 | +22.22% | $47.1M | 3.9M |
| BIT | Biotron Ltd | 0.1 | +21.95% | $70.2M | 91.5M |
| AUT | Auteco Minerals Ltd | 0.02 | +21.05% | $23.1M | 15.8M |
| CE1 | Calima Energy Ltd | 0.006 | +20.00% | $12.9M | 4.9M |
| CRO | Cirralto Ltd | 0.006 | +20.00% | $4.9M | 176.9k |
| DDD | 3D Resources Ltd | 0.003 | +20.00% | $3.5M | 250.0k |
| EVE | EVE Investments Ltd | 0.006 | +20.00% | $18.2M | 2.6M |
| HWK | Hawkstone Mining Ltd | 0.006 | +20.00% | $4.9M | 2.1M |
Yesterday’s losers
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| ANW | Aus Tin Mining Ltd | 0.001 | -33.33% | $2.7M | 5.0M |
| REV | Real Estate Investar Group Ltd | 0.009 | -30.77% | $2.1M | 1.4M |
| PRM | Prominence Energy Ltd | 0.0015 | -25.00% | $2.0M | 1.8M |
| ICG | Inca Minerals Ltd | 0.0015 | -25.00% | $6.1M | 552.4k |
| BXN | Bioxyne Ltd | 0.013 | -23.53% | $8.3M | 90.0k |
| SF1 | STEMify Ltd | 0.02 | -23.08% | $3.1M | 2.5M |
| WCN | White Cliff Minerals Ltd | 0.004 | -20.00% | $1.9M | 62.8k |
| VAL | Valor Resources Ltd | 0.002 | -20.00% | $3.8M | 7.4M |
| FTT | Factor Therapeutics Ltd | 0.002 | -20.00% | $2.1M | 1M |
| CZR | Coziron Resources Ltd | 0.008 | -20.00% | $19.1M | 8.3M |
| CLZ | Classic Minerals Ltd | 0.002 | -20.00% | $14.0M | 22.1M |
| BUY | Bounty Oil & Gas NL | 0.004 | -20.00% | $3.8M | 624.9k |
| PGY | Pilot Energy Ltd | 0.02 | -19.05% | $1.4M | 47.4k |
| TYX | Tyranna Resources Ltd | 0.0025 | -16.67% | $2.4M | 7.8M |
| SPQ | Superior Resources Ltd | 0.005 | -16.67% | $3.7M | 709.5k |
| LNY | Laneway Resources Ltd | 0.005 | -16.67% | $18.6M | 1.0M |
| GMC | Gulf Manganese Corp Ltd | 0.005 | -16.67% | $26.2M | 1.2M |
| MNS | Magnis Energy Technologies Ltd | 0.1 | -16.00% | $66.3M | 4.2M |
| CRL | Comet Resources Ltd | 0.02 | -16.00% | $6.2M | 150.0k |
| NZS | New Zealand Coastal Seafoods L | 0.011 | -15.38% | $5.8M | 3.7M |
| GME | GME Resources Ltd | 0.05 | -15.09% | $22.8M | 203.7k |
