On Stockhead today, coronavirus is fuelling rare earths supply concerns, Intelicare is heading for the ASX and the week in cannabis.
But first…
The day ahead
Today is one of the busiest days for economists with jobs data due out. This includes the unemployment rate but also the labour force participation rate, job creation figures and the changes in full and part time unemployment.
Also out today is the Reserve Bank’s monthly foreign exchange transaction figures.
The following ASX companies are in trading halts and are expected to exit in the next two trading days:
Thursday:
Odin Metals (ASX:ODM) – transaction
Magnetic Resources (ASX:MAU) – capital raising
Kingwest Resources (ASX:KWR) – capital raising
Friday:
Resapp Health (ASX:RAP) – capital raising
Blina Minerals (ASX:BDI) – capital raising
Markets
Gold: $US1,611.82 ($2,414.35) (+0.63%)
Silver: $US18.45 (+1.23%)
Oil (WTI): $US53.30 (+2.36%)
Oil (Brent): $US58.93 (+2.22%)
Coal: $US67.98 (-0.79%)
Iron 62pc Fe: $US85.43 (+0.67%)
AUD/USD: $US0.6677 (-0.13%)
Bitcoin: $US10,077.98 (-0.90%)
What got you talking yesterday
If you’re a mining company it’s all well and good to have a strong project but it’s worth nothing if the government won’t back you.
AVZ Minerals (ASX:AVZ) has a lithium and tin project in the Democratic Republic of Congo and will negotiate with the government about placing the project in a newly created Special Economic Zone (SEZ).
Also popular was Zelira Therapeutics’ (ASX:ZLD) clinical success. The company’s ZLT-101 cannabis formulation passed a clinical trial in patients suffering from insomnia with flying colours. The company is now seeking to launch it commercially later this year.
These were the 10 most tipped stocks (weekly) on Stocks in Play:
Yesterday’s winners
Code | Name | Price | % Chg | Market Cap | Volume |
---|---|---|---|---|---|
PCL | Pancontinental Oil & Gas NL | 0.002 | +100.00% | $10.8M | 551.0k |
CE1 | Calima Energy Ltd | 0.0075 | +50.00% | $16.2M | 21.7M |
RGL | Riversgold Ltd | 0.015 | +50.00% | $3.7M | 7.3M |
BPH | BPH Energy Ltd | 0.0015 | +50.00% | $5.0M | 13.8M |
MDI | Middle Island Resources Ltd | 0.007 | +40.00% | $10.5M | 92.3M |
ANL | Amani Gold Ltd | 0.002 | +33.33% | $12.3M | 5.2M |
CZN | Corazon Mining Ltd | 0.004 | +33.33% | $8.4M | 4.2M |
PRM | Prominence Energy Ltd | 0.002 | +33.33% | $2.6M | 8.4M |
SBR | Sabre Resources Ltd | 0.002 | +33.33% | $1.7M | 1.5M |
CRM | Carbon Minerals Ltd | 0.3 | +30.43% | $5.6M | 5.0k |
BRV | Big River Gold Ltd | 0.04 | +28.57% | $47.4M | 15.5M |
CXU | Cauldron Energy Ltd | 0.015 | +25.00% | $5.1M | 50.0k |
FFG | Fatfish Blockchain Ltd | 0.01 | +25.00% | $8.1M | 1.5M |
MCT | Metalicity Ltd | 0.005 | +25.00% | $3.6M | 234.0k |
RIM | Rimfire Pacific Mining NL | 0.0025 | +25.00% | $3.8M | 3.0M |
TPD | Talon Petroleum Ltd | 0.0025 | +25.00% | $4.4M | 2.0M |
XTC | Xantippe Resources Ltd | 0.0025 | +25.00% | $8.3M | 11.2M |
VML | Vital Metals Ltd | 0.011 | +22.22% | $23.6M | 24.2M |
A3D | Aurora Labs Ltd | 0.22 | +22.22% | $25.8M | 1.5M |
FHS | Freehill Mining Ltd | 0.03 | +21.74% | $38.0M | 12.9M |
DEG | De Grey Mining Ltd | 0.22 | +21.62% | $233.7M | 32.8M |
Yesterday’s losers
Code | Name | Price | % Chg | Market Cap | Volume |
---|---|---|---|---|---|
LCY | Legacy Iron Ore Ltd | 0.001 | -33.33% | $6.2M | 40.0k |
EER | East Energy Resources Ltd | 0.004 | -33.33% | $12.8M | 83.5k |
CCE | Carnegie Clean Energy Ltd | 0.001 | -33.33% | $11.1M | 2.6M |
FRX | Flexiroam Ltd | 0.03 | -32.43% | $7.6M | 42.8k |
IEC | Intra Energy Corp Ltd | 0.005 | -28.57% | $1.9M | 1.0M |
WTC | WiseTech Global Ltd | 21.4 | -27.31% | $6.8B | 4.0M |
YPB | YPB Group Ltd | 0.003 | -25.00% | $5.1M | 5.5M |
TYX | Tyranna Resources Ltd | 0.003 | -25.00% | $3.2M | 69.3k |
QFY | Quantify Technology Holdings L | 0.003 | -25.00% | $4.7M | 2.4k |
LRS | Latin Resources Ltd | 0.003 | -25.00% | $1.0M | 1.8M |
APG | Austpac Resources NL | 0.0015 | -25.00% | $4.4M | 400.0k |
SE1 | Sensera Ltd | 0.01 | -23.08% | $3.2M | 3.2M |
DVL | DorsaVi Ltd | 0.02 | -22.22% | $4.9M | 115.0k |
JPR | Jupiter Energy Ltd | 0.007 | -22.22% | $1.1M | 9.2k |
AMT | Allegra Orthopaedics Ltd | 0.11 | -21.43% | $11.0M | 40.1k |
INV | Investsmart Group Ltd | 0.08 | -20.00% | $10.9M | 25.0k |
OTW | Over the Wire Holdings Ltd | 3.68 | -20.00% | $190.0M | 647.8k |