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 code Company Name Price Percentage Change Market Cap Volume
VAR Variscan Mines Ltd 0.002 100% $2,500,000 250.0k
EN1 engage:BDR Ltd 0.032 82% $11,700,000 128.5M
NSE New Standard Energy Ltd 0.005 67% $3,900,000 2.9M
FAU First Au Ltd 0.025 56% $6,500,000 8.7M
GBP Global Petroleum Ltd 0.03 50% $6,100,000 45.6k
EMP Emperor Energy Ltd 0.003 50% $2,900,000 500.0k
KCN Kingsgate Consolidated Ltd 0.22 43% $48,600,000 33.7M
EUR European Lithium Ltd 0.13 37% $66,500,000 1.7M
CMC China Magnesium Corp Ltd 0.03 36% $13,900,000 194.0k
SPX Spectrum Metals Ltd 0.014 27% $14,700,000 68.2M
ICG Inca Minerals Ltd 0.005 25% $15,100,000 399.0k
LRS Latin Resources Ltd 0.003 25% $8,100,000 1.8M
QGL Quantum Graphite Ltd 0.003 25% $18,900,000 368.6k
TBL Tambla Ltd 0.01 25% $9,900,000 100.0k
BUD Buddy Platform Ltd 0.08 24% $83,700,000 6.9M
IPB IPB Petroleum Ltd 0.04 21% $8,000,000 1.1M
ANL Amani Gold Ltd 0.003 20% $7,400,000 3.3M
LML Lincoln Minerals Ltd 0.006 20% $3,400,000 300.0k
MLS Metals Australia Ltd 0.003 20% $7,000,000 6.1M
MTH Mithril Resources Ltd 0.006 20% $2,500,000 1.2M

 

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 code Company Name Price Percentage Change Market Cap Volume
GPP Greenpower Energy Ltd 0.002 -33% $3,100,000 635.0k
KKL Kollakorn Corp Ltd 0.007 -30% $1,500,000 2.6k
SFL Spring FG Ltd 0.03 -27% $5,800,000 16.0k
VAL Valor Resources Ltd 0.002 -25% $2,800,000 281.3k
T3D 333D Ltd 0.002 -25% $1,300,000 1.0M
MTB Mount Burgess Mining NL 0.003 -25% $1,400,000 18.0k
MRD Mount Ridley Mines Ltd 0.002 -25% $3,500,000 290.0k
KLH Kalia Ltd 0.003 -25% $7,500,000 782.8k
GGX Gas2Grid Ltd 0.003 -25% $3,500,000 80.0k
CYQ Cycliq Group Ltd 0.003 -25% $2,900,000 700.0k
BLY Boart Longyear Ltd 0.003 -25% $92,000,000 2.6M
NCR NuCoal Resources Ltd 0.022 -24% $16,900,000 1.7M
FRM Farm Pride Foods Ltd 0.52 -23% $30,300,000 258.7k
LNY Laneway Resources Ltd 0.005 -23% $22,100,000 14.8M
VEC Vector Resources Ltd 0.011 -21% $23,500,000 33.5M
RLC Reedy Lagoon Corp Ltd 0.004 -20% $1,600,000 137.6k
MNC Metminco Ltd 0.002 -20% $2,400,000 540.0k
KGM KalNorth Gold Mines Ltd 0.004 -20% $3,600,000 525.6k
EPM Eclipse Uranium Ltd 0.002 -20% $2,300,000 1.2M
DTR Dateline Resources Ltd 0.002 -20% $15,200,000 8.5M

 

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