Rise and Shine: What you need to know before the ASX opens
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On Stockhead today — the ASX small caps searching for the next major deposit in mineral-rich PNG, virus fighting robot tanks, and why gold is a good store of value amid coronavirus chaos.
But first …
The day ahead
Today in economic data look out for January’s monthly retail sales figures at 11.30am. Also to be released is Australia’s foreign reserves figures, due out at 4.30pm.
The following companies are in trading halts and are expected to exit in the next couple of days:
Friday:
BPH Energy (ASX:BPH) – Cortio Dynamics investment
Graphex Mining (ASX:GPX) – capital raising
Eagle Health Holdings (ASX:EHH) – business update
Race Oncology (ASX:RAC) – strategic investor
Tesoro Resources (ASX:TSO) – exploration results
Monday:
Selfwealth (ASX:SWF) – capital raising
Consolidated Zinc (ASX:CZL) – capital raising
Medlab Clinical (ASX:MDC) – clinical trial result
Markets
Gold: $US1,674.95 ($2,474.51) (+2.30%)
Silver: $US17.46 (+1.26%)
Oil (WTI): $US45.80 (-2.68%)
Oil (Brent): $US49.84 (-3.05%)
Coal: $US67.10 (+0.98%)
Iron 62pc Fe: $US89.63 (+2.86%)
AUD/USD: $US0.6602 (-0.38%)
Bitcoin: $US9,084.26 (+4.3%)
What got you talking yesterday
Earlier this week we joined a UBS analyst call. The investment bank reckons the fall in Chinese tourism is enough to send Australia into recession if it persists into next quarter.
The reduction in Chinese tourism alone is enough to send the Australian economy into recession, says UBS https://t.co/HiPJNmuHaP #ausecon
— Stockhead (@StockheadAU) March 5, 2020
Also popular yesterday was our recap of the most hotly tipped gold stocks on the ASX by analysts.
We have a small and micro cap Facebook chat group. 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:
Yesterday’s winners
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| SE1 | Sensera Ltd | 0.02 | +66.67% | $4.8M | 15.9M |
| SOP | Synertec Corp Ltd | 0.03 | +50.00% | $7.3M | 805.8k |
| FMS | Flinders Mines Ltd | 0.05 | +45.45% | $167.3M | 2.1M |
| KGL | KGL Resources Ltd | 0.23 | +43.75% | $71.7M | 32.0k |
| RDN | Raiden Resources Ltd | 0.007 | +40.00% | $3.0M | 2.6M |
| HLX | Helix Resources Ltd | 0.012 | +33.33% | $5.8M | 1.9M |
| GED | Golden Deeps Ltd | 0.013 | +30.00% | $3.6M | 400.0k |
| CRS | Caprice Resources Ltd | 0.13 | +28.57% | $4.4M | 148.5k |
| CGS | Cogstate Ltd | 0.49 | +27.27% | $82.6M | 101.1k |
| MLM | Metallica Minerals Ltd | 0.014 | +27.27% | $4.5M | 273.2k |
| KAI | Kairos Minerals Ltd | 0.01 | +25.00% | $10.2M | 19.2M |
| UUV | UUV Aquabotix Ltd | 0.0025 | +25.00% | $1.5M | 9.2M |
| DEG | De Grey Mining Ltd | 0.23 | +24.32% | $238.9M | 49.3M |
| SCI | Silver City Minerals Ltd | 0.011 | +22.22% | $3.8M | 10.4M |
| 3DA | Amaero International Ltd | 0.17 | +21.43% | $29.7M | 1.1M |
| ENR | Encounter Resources Ltd | 0.11 | +20.88% | $30.9M | 8.2k |
| AGS | Alliance Resources Ltd | 0.12 | +20.00% | $18.5M | 158.2k |
| ICT | iCollege Ltd | 0.04 | +20.00% | $22.1M | 562.0k |
| ADO | Anteotech Ltd | 0.02 | +20.00% | $27.6M | 2.2M |
| MCA | Murray Cod Australia Ltd | 0.13 | +18.18% | $27.6M | 881.1k |
| PGM | Platina Resources Ltd | 0.02 | +17.65% | $6.5M | 1.9M |
Yesterday’s losers
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| MRG | Murray River Organics Group Lt | 0.012 | -52.55% | $26.5M | 25.0M |
| ADD | Adavale Resources Ltd | 0.03 | -30.95% | $4.6M | 975.3k |
| ADY | Admiralty Resources NL | 0.005 | -28.57% | $5.8M | 6.1k |
| DVL | DorsaVi Ltd | 0.02 | -28.57% | $3.5M | 147.0k |
| FPL | Fremont Petroleum Corp Ltd | 0.003 | -25.00% | $5.0M | 750.0k |
| BOC | Bougainville Copper Ltd | 0.19 | -22.45% | $76.2M | 226 |
| IGN | Ignite Ltd | 0.011 | -21.43% | $985K | 584.7k |
| RFN | Reffind Ltd | 0.002 | -20.00% | $2.0M | 5.7M |
| ICN | Icon Energy Ltd/Australia | 0.01 | -20.00% | $4.8M | 330.0k |
| VRS | Veris Ltd | 0.03 | -19.05% | $12.7M | 3.3M |
| AVC | Auctus Alternative Investments | 0.17 | -19.05% | $6.7M | 2.5k |
| NCR | NuCoal Resources Ltd | 0.009 | -18.18% | $6.9M | 2.8M |
| E2M | E2 Metals Ltd | 0.12 | -17.24% | $11.0M | 39.9k |
| MEY | Marenica Energy Ltd | 0.05 | -16.67% | $5.9M | 24.3k |
| BEE | Broo Ltd | 0.01 | -16.67% | $7.0M | 2.8M |
| ARQ | ARQ Group Ltd | 0.13 | -16.13% | $15.9M | 284.1k |
| NSB | NeuroScientific Biopharmaceuticals | 0.12 | -14.81% | $9.0M | 7.5k |
