Rise and Shine: What you need to know before the ASX opens
News
On Stockhead today, the Pilbara is shaping up as a top gold exploration address for these small caps, fewer investors caught with their pants down on margin loans in COVID market crisis and Tim Boreham on why one unlisted biotech has a good chance of cracking the cancer market.
But first…
The key economic data this week is jobs data on Thursday, including the unemployment rate for the month of February. This will give us an early indication of how the coronavirus is impacting the Australian economy, although the impact of recent days will not be reflected in these statistics.
Also, look out for house prices and ANZ Roy Morgan consumer consumer confidence – both on Tuesday.
The following companies are in trading halts or voluntary suspensions and are expected to exit in the next 48 hours:
Monday:
Astro Resources (ASX:ARO) – update to mineral sands project
AVZ Minerals (ASX:AVZ) – metallurgical test results
Minbos Resources (ASX:MNB) – tender update
Tuesday:
Sultan Resources (ASX:SLZ) – acquisition
Carnaby Resources (ASX:CNB) – amendment to scoping study announcement
Leigh Creek Energy (ASX:LCK) – capital raising
Cann Global (ASX:CGB) – institutional investment
Bardoc Gold (ASX:BDC) – pre-feasibility study
Arafura Resources (ASX:ARU) – reserve statement update
BidEnergy (ASX:BID) – legal matter
Gold: $US1,529.45 ($2,519.75) (-2.92%)
Silver: $US14.74 (-6.25%)
Oil (WTI): $US32.90 (+6.16%)
Oil (Brent): $US34.67 (+6.15%)
Coal: $US65.70 (+1.67%)
Iron 62pc Fe: $US90.13 (+0.73%)
AUD/USD: $US0.6140 (-1.02%)
Bitcoin: $US5,293.55 (-1.79%)
Last week on Twitter it was all about how rising gold prices have sent Perth Mint’s total gold past the $5bn mark.
As gold prices hit new heights, the value of gold and other precious stored at the Perth Mint is now worth more than $5bn #asx #ausbiz #gold #mining #kin #ksn #aar https://t.co/lavoQJVGvQ
— Stockhead (@StockheadAU) March 11, 2020
Amid all the chaos last week it was the deadline for small cap explorers to submit half-yearly exploration and cash flow reports. Reuben Adams’ recapped the small cap explorers closest to generating cash flow and this was also popular with our readers.
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:
CODE | NAME | RETURN % | PRICE THIS FRIDAY [INTRADAY] | MARKET CAP |
---|---|---|---|---|
MAR | MALACHITE RESOURCES LTD | 100 | 0.002 | 2.78M |
ARO | ASTRO RESOURCES NL | 50 | 0.003 | 6.36M |
ZEN | ZENITH ENERGY LTD/AU | 37.41 | 0.95 | 142.66M |
OLI | OLIVER'S REAL FOOD LTD | 36.92 | 0.09 | 22.32M |
BBOZ | BETASHARES AUS EQ STR BR HDG | 35.69 | 14.75 | 265.50M |
IDZ | INDOOR SKYDIVING AUSTRALIA G | 33.33 | 0.008 | 2.69M |
DVL | DORSAVI LTD | 30.77 | 0.017 | 3.93M |
SUP | SUPERIOR LAKE RESOURCES LTD | 28.57 | 0.009 | 9.74M |
GME | GME RESOURCES LTD | 27.66 | 0.06 | 30.37M |
IEC | INTRA ENERGY CORP LTD | 25 | 0.005 | 1.94M |
ERL | EMPIRE RESOURCES LTD | 25 | 0.01 | 7.75M |
AMT | ALLEGRA ORTHOPAEDICS LTD | 23.81 | 0.13 | 12.94M |
BOC | BOUGAINVILLE COPPER LTD | 20.51 | 0.23 | 94.25M |
COS | COSOL LTD | 19.3 | 0.34 | 43.35M |
AUQ | ALARA RESOURCES LTD | 16.67 | 0.014 | 8.81M |
NME | NEX METALS EXPLORATION LTD | 15.38 | 0.015 | 2.89M |
TZL | TZ LTD | 14.29 | 0.08 | 7.34M |
CODE | NAME | RETURN % | PRICE THIS FRIDAY [INTRADAY] | MARKET CAP |
---|---|---|---|---|
OML | OOH!MEDIA LTD | -34 | 1.59 | 384.18M |
PGL | PROSPA GROUP LTD | -34 | 1.08 | 174.26M |
ARQ | ARQ GROUP LTD | -34 | 0.09 | 10.50M |
EEG | EMPIRE ENERGY GROUP LTD | -34 | 0.19 | 51.34M |
MRL | MAYUR RESOURCES LTD-CDI | -34 | 0.25 | 44.25M |
WZR | WISR LTD | -34 | 0.09 | 88.81M |
NVA | NOVA MINERALS LTD | -35 | 0.03 | 32.81M |
BLY | BOART LONGYEAR LTD | -35 | 0.6 | 52.65M |
ABR | AMERICAN PACIFIC BORATES LTD | -35 | 0.26 | 62.60M |
KPO | KALINA POWER LTD | -35 | 0.02 | 18.02M |
REE | RAREX LTD | -35 | 0.02 | 6.24M |
WLD | WELLARD LTD | -35 | 0.04 | 21.25M |
BYE | BYRON ENERGY LTD | -36 | 0.18 | 145.96M |
SE1 | SENSERA LTD | -43 | 0.008 | 2.90M |
ICI | ICANDY INTERACTIVE LTD | -36 | 0.02 | 6.08M |
GSW | GETSWIFT LTD | -36 | 0.3 | 56.56M |
NVO | NVOI LTD | -36 | 0.01 | 10.48M |
RED | RED 5 LTD | -36 | 0.21 | 261.47M |
KGL | KGL RESOURCES LTD | -37 | 0.14 | 45.21M |
CBE | COBRE LTD | -38 | 0.15 | 14.52M |
HCT | HOLISTA COLLTECH LTD | -38 | 0.1 | 26.90M |
IPB | IPB PETROLEUM LTD | -38 | 0.01 | 3.46M |
LSR | LODESTAR MINERALS LTD | -38 | 0.005 | 4.26M |
TMK | TAMASKA OIL & GAS LTD | -38 | 0.005 | 4.45M |
MBK | METAL BANK LTD | -38 | 0.005 | 4.41M |
XCD | XCD ENERGY LTD | -38 | 0.005 | 3.50M |
GID | GI DYNAMICS INC-CDI | -38 | 0.005 | 9.13M |
BRK | BROOKSIDE ENERGY LTD | -38 | 0.005 | 5.04M |
MRQ | MRG METALS LTD | -38 | 0.005 | 5.29M |
PPL | PUREPROFILE LTD | -38 | 0.005 | 600.30k |
SMI | SANTANA MINERALS LTD | -50 | 0.002 | 6.71M |
FAR | FAR LTD | -38 | 0.02 | 159.66M |
MNW | MINT PAYMENTS LTD | -43 | 0.008 | 7.28M |
SZL | SEZZLE INC-CDI | -39 | 0.95 | 188.96M |
ATU | ATRUM COAL LTD | -40 | 0.16 | 76.51M |
MEI | METEORIC RESOURCES NL | -40 | 0.008 | 10.10M |
KAU | KAISER REEF LTD | -40 | 0.19 | 6.19M |
COG | CONSOLIDATED OPERATIONS GROU | -40 | 0.05 | 78.59M |
OPY | OPENPAY GROUP LTD | -41 | 0.58 | 54.40M |
ACU | ACUMENTIS GROUP LTD | -41 | 0.08 | 12.45M |
MAG | MAGMATIC RESOURCES LTD | -41 | 0.16 | 27.55M |
ALG | ARDENT LEISURE GROUP LTD | -42 | 0.39 | 187.09M |
EHL | EMECO HOLDINGS LTD | -42 | 0.93 | 342.75M |
OEL | OTTO ENERGY LTD | -43 | 0.012 | 29.53M |
TPO | TIAN POH RESOURCES LTD | -44 | 0.05 | 19.33M |
RAP | RESAPP HEALTH LTD | -46 | 0.09 | 66.07M |
POD | PODIUM MINERALS LTD | -48 | 0.02 | 2.76M |
KAR | KAROON ENERGY LTD | -50 | 0.4 | 218.43M |
SIH | SIHAYO GOLD LTD | -50 | 0.01 | 16.78M |
ESH | ESPORTS MOGUL LTD | -50 | 0.003 | 6.11M |
IP1 | INTEGRATED PAYMENT TECHNOLOG | -50 | 0.003 | 926.52k |
IQ3 | IQ3CORP LTD | -50 | 0.1 | 10.39M |
VRC | VOLT RESOURCES LTD | -50 | 0.005 | 8.69M |
TPD | TALON PETROLEUM LTD | -50 | 0.001 | 1.78M |
CZL | CONSOLIDATED ZINC LTD | -57 | 0.003 | 5.18M |
ABL | ABILENE OIL AND GAS LTD | -67 | 0.001 | 397.61k |