On Stockhead today, the hunt is on for the next big porphyry hit and these small caps are leading the charge, we take a look at whether IPO sales fees are a necessary evil or conflicted commission and why CSL is the poster child for most junior drug developers.

But first…

 

The week ahead

The week in economic data begins on a quiet note. On Tuesday the Reserve Bank will release the minutes of its February policy meeting, which will provide greater detail on its present thoughts on the state of our economy than its immediate after meeting release two weeks ago.

On Thursday, the Australian Bureau of Statistics will release jobs data including the headline unemployment rate.

Finally on Friday we’ll see the Commonwealth Bank’s Performance Manufacturing Index and Bloomberg’s monthly economic survey.

The following ASX companies are in trading halts and are expected to exit in the next two trading days:

Monday:

Vulcan Energy Resources (ASX:VUL) – scoping study
MGC Pharmaceuticals (ASX:MGC) – capital raising

Tuesday:

Collection House (ASX:CLH) – strategic review
Rumble Resources (ASX:RTR) – exploration results
ParaZero (ASX:PRZ) – acquisition
American Pacific Borate (ASX:ABR) – capital raising

 

Markets

Gold: $US1,584.32 ($2,356.87) (+0.52%)

Silver: $US17.69 (+0.12%)

Oil (WTI): $US52.05 (+1.23%)

Oil (Brent): $US57.32 (+1.74%)

Coal: $US70.93 (+0.33%)

Iron 62pc Fe: $US84.86 (-0.33%)

AUD/USD: $US0.6724 (+0.15%)

Bitcoin: $US9,758.01 (-1.36%)

 

What got you talking last week

The lithium market still has a long way to recover but last week, particularly Thursday, saw a number of explorers release good news. A couple of these were Liontown Resources (ASX:LTR) and Mali Lithium (ASX:MLL).

Also popular last week was news the WA government was taking steps to boost the biotech sector in the west and Reuben Adam’s chat with Sandfire Resources (ASX:SFR) boss Karl Simich. Simich recapped how Sandfire grew from a 4c penny stock into a ~$1bn mining company. Keep your eye out for another Zero to Hero later this week.

Meanwhile, in our Facebook Small and Microcap Chat Group a couple of health companies and their prospects caught group members’ interests including US-based Imricor Medical Systems (ASX:IMR) and Memphasys (ASX:MEM).

We also welcomed several new members. If you’re not already a member we’d love to have you join – which you can here.

These were the most tipped stocks (weekly) on Stocks in Play:

Last week’s winners

Code Name Price last Friday Price this Friday % Return Market Cap
SKY SKY METALS LTD 0.105 0.265 152 67.49M
MOH MOHO RESOURCES NL 0.044 0.078 77 3.83M
PUR PURSUIT MINERALS LTD 0.005 0.008 60 2.64M
IPT IMPACT MINERALS LTD 0.007 0.011 57 14.54M
ERL EMPIRE RESOURCES LTD 0.009 0.014 56 10.85M
SBW SHEKEL BRAINWEIGH LTD 0.120 0.180 50 25.02M
MDI MIDDLE ISLAND RESOURCES LTD 0.004 0.006 50 8.24M
VPR VOLT POWER GROUP LTD 0.001 0.002 50 13.49M
AGE ALLIGATOR ENERGY LTD 0.002 0.003 50 4.24M
XTC XANTIPPE RESOURCES LTD 0.002 0.003 50 9.97M
MRD MOUNT RIDLEY MINES LTD 0.002 0.003 50 8.05M
ELT ELEMENTOS LTD 0.002 0.003 50 7.63M
ATX AMPLIA THERAPEUTICS LTD 0.071 0.105 48 6.98M
ZNO ZOONO GROUP LTD 0.995 1.415 42 231.09M
SPX SPECTRUM METALS LTD 0.099 0.140 41 193.97M
TNT TESSERENT LTD 0.064 0.090 41 39.33M
MHC MANHATTAN CORP LTD 0.005 0.007 40 6.48M
LSA LACHLAN STAR LTD 0.005 0.007 40 5.28M
DGO DGO GOLD LTD 1.300 1.740 34 61.24M
ICG INCA MINERALS LTD 0.002 0.002 33 8.10M
RLC REEDY LAGOON CORP LTD 0.003 0.004 33 1.61M
KTE K2 ENERGY LTD 0.006 0.008 33 2.41M
QFY QUANTIFY TECHNOLOGY HOLDINGS 0.003 0.004 33 6.22M
PNX PNX METALS LTD 0.006 0.008 33 19.48M
AYR ALLOY RESOURCES LTD 0.002 0.002 33 4.18M
CSD CONSOLIDATED TIN MINES LTD 0.150 0.200 33 131.96M
MX1 MICRO-X LTD 0.150 0.200 33 50.00M

 

Last week’s losers

Code Name Price last Friday Price this Friday % Return Market Cap
2BE TUBI PTY LTD 0.120 0.094 -22 22.86M
HHM HAMPTON HILL MINING NL 0.032 0.025 -22 7.37M
PRX PRODIGY GOLD NL 0.062 0.048 -23 27.87M
ASQ AUSTRALIAN SILICA QUARTZ GRP 0.044 0.034 -23 7.29M
CCA CHANGE FINANCIAL LTD 0.235 0.180 -23 18.51M
KIS KING ISLAND SCHEELITE LTD 0.070 0.053 -24 14.01M
PGI PANTERRA GOLD LTD 0.036 0.027 -25 5.27M
SE1 SENSERA LTD 0.018 0.014 -25 4.35M
APH AUSTRALIAN PRIMARY HEMP LTD 0.160 0.120 -25 8.34M
FUN FUNTASTIC LTD 0.020 0.015 -25 3.58M
AYM AUSTRALIA UNITED MINING LTD 0.004 0.003 -25 5.53M
VAL VALOR RESOURCES LTD 0.002 0.002 -25 2.88M
FGO FLAMINGO AI LTD 0.002 0.002 -25 1.68M
GTE GREAT WESTERN EXPLORATION LT 0.004 0.003 -25 4.34M
CZN CORAZON MINING LTD 0.004 0.003 -25 6.26M
WTL WT FINANCIAL GRP LTD 0.048 0.036 -25 5.42M
MPH MEDILAND PHARM LTD 0.250 0.180 -28 56.30M
OPL OPYL LTD 0.155 0.110 -29 3.26M
ARQ ARQ GROUP LTD 0.360 0.250 -31 30.53M
TDL TBG DIAGNOSTICS LTD 0.032 0.022 -31 4.79M
HZN HORIZON OIL LTD 0.120 0.081 -32 105.46M
TAO TAO COMMODITIES LTD 0.100 0.067 -33 2.10M
FTT FACTOR THERAPEUTICS LTD 0.003 0.002 -33 2.09M
MRV MORETON RESOURCES LTD 0.003 0.002 -33 6.21M
VP7 VELOCITY PROPERTY GROUP LTD 0.045 0.030 -33 11.96M
JPR JUPITER ENERGY LTD 0.010 0.006 -40 920.27k
ABT ABUNDANT PRODUCE LTD 0.050 0.025 -50 2.12M
TGO TRIMANTIUM GROWTHOPS LTD 0.125 0.061 -51 8.48M
EMD EMERALD CLINICS 0.200 0.125 -38 23.91M