Happy Tuesday Stockheads!

Coming up on Stockhead today, All the signs a smarter Perth is on the rise again, 90 Seconds with Talga Resources’ Mark Thompson, and what sound should an EV make?

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

 

The day ahead in data

It’s a biggie. Today the Australian Bureau of Statistics gives us the official word on how much the Sydney and Melbourne housing markets have plummeted with the release of quarterly and yearly house price data. We might also get a hint of a coming rate cut buried in the minutes of the latest Reserve Bank of Australia meeting.

 

Company news

Apiam Animal Health (ASX:AHX) has 129,103 shares coming out of escrow today, while eCargo (ASX:ECG) has a whopping 113 million being released.

Only two companies are currently in trading halts and may resume trading today: Fenix Resources (FEX) with an update on its Iron Ridge project in WA and Blackham Resources (ASX:BLK) with an update on its funding arrangements.

 

Commodities

Gold: $US1304.96 ($1,838.23) +0.16%

Silver: $US15.30 +0.37%

Oil (Brent): $US67.39 +0.49%

Oil (WTI): $US58.90 +0.85%

Coal: $US91.25 -1.64%

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

AUD/USD: 0.7099

 

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What got you talking yesterday

Rule changes on dual-listing on the New Zealand and Australian stock exchanges were the focus on the Stockhead Facebook chat forum.

New member Maxwell Percy proffered: “I agree with Mercer about to delist I can’t see it getting much better in the short term and that is from a kiwi. I find the ASX quite a different kettle of fish. Exciting and heaps of opportunities plus new listings etc.”

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

ResApp (ASX:RAP) was in the news due to the latest results from its coughing app trial.

 

 

Yesterday’s winners

Kingsgate Consolidated (ASX:KCN) shareholders have waited many moons for this: the company’s insurers had agreed to cough up for its cancelled Thai mine.

Yesterday morning Kingsgate gave shareholders the good news – insurers had agreed to an $82m payout. Shares closed up 43 per cent to 22c.

IoT and smart spaces play Buddy (ASX: BUD) was also up 24 per cent to 8c after updating the market on its acquisition of smart lighting business LIFX.

engage:BDR (ASX:EN1) shares rose 82 per cent to 3.2c after reporting increased incremental revenue.

The company says it is worth about an extra $28,000 each day.

ASX codeCompany NamePricePercentage ChangeMarket CapVolume
VAR Variscan Mines Ltd0.002100%$2,500,000250.0k
EN1 engage:BDR Ltd0.03282%$11,700,000128.5M
NSE New Standard Energy Ltd0.00567%$3,900,0002.9M
FAU First Au Ltd0.02556%$6,500,0008.7M
GBP Global Petroleum Ltd0.0350%$6,100,00045.6k
EMP Emperor Energy Ltd0.00350%$2,900,000500.0k
KCN Kingsgate Consolidated Ltd0.2243%$48,600,00033.7M
EUR European Lithium Ltd0.1337%$66,500,0001.7M
CMC China Magnesium Corp Ltd0.0336%$13,900,000194.0k
SPX Spectrum Metals Ltd0.01427%$14,700,00068.2M
ICG Inca Minerals Ltd0.00525%$15,100,000399.0k
LRS Latin Resources Ltd0.00325%$8,100,0001.8M
QGL Quantum Graphite Ltd0.00325%$18,900,000368.6k
TBL Tambla Ltd0.0125%$9,900,000100.0k
BUD Buddy Platform Ltd0.0824%$83,700,0006.9M
IPB IPB Petroleum Ltd0.0421%$8,000,0001.1M
ANL Amani Gold Ltd0.00320%$7,400,0003.3M
LML Lincoln Minerals Ltd0.00620%$3,400,000300.0k
MLS Metals Australia Ltd0.00320%$7,000,0006.1M
MTH Mithril Resources Ltd0.00620%$2,500,0001.2M

 

Yesterday’s losers

In January, Farm Pride Foods (ASX:FRM) said that finances were getting smashed by the national egg surplus, as well as  ongoing drought conditions which affected feed prices.

It also said “these unfavourable conditions are expected to continue for some time”. Shares fell 23 per cent to 52c.

ASX codeCompany NamePricePercentage ChangeMarket CapVolume
GPP Greenpower Energy Ltd0.002-33%$3,100,000635.0k
KKL Kollakorn Corp Ltd0.007-30%$1,500,0002.6k
SFL Spring FG Ltd0.03-27%$5,800,00016.0k
VAL Valor Resources Ltd0.002-25%$2,800,000281.3k
T3D 333D Ltd0.002-25%$1,300,0001.0M
MTB Mount Burgess Mining NL0.003-25%$1,400,00018.0k
MRD Mount Ridley Mines Ltd0.002-25%$3,500,000290.0k
KLH Kalia Ltd0.003-25%$7,500,000782.8k
GGX Gas2Grid Ltd0.003-25%$3,500,00080.0k
CYQ Cycliq Group Ltd0.003-25%$2,900,000700.0k
BLY Boart Longyear Ltd0.003-25%$92,000,0002.6M
NCR NuCoal Resources Ltd0.022-24%$16,900,0001.7M
FRM Farm Pride Foods Ltd0.52-23%$30,300,000258.7k
LNY Laneway Resources Ltd0.005-23%$22,100,00014.8M
VEC Vector Resources Ltd0.011-21%$23,500,00033.5M
RLC Reedy Lagoon Corp Ltd0.004-20%$1,600,000137.6k
MNC Metminco Ltd0.002-20%$2,400,000540.0k
KGM KalNorth Gold Mines Ltd0.004-20%$3,600,000525.6k
EPM Eclipse Uranium Ltd0.002-20%$2,300,0001.2M
DTR Dateline Resources Ltd0.002-20%$15,200,0008.5M

 

That’s all you need to know. Go go go!