Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the COVID-19 pandemic could be the catalyst for ‘wholesale changes’ in ed tech, gold players haven’t escaped the market carnage and Western Australia could benefit from China’s fiscal stimulus.
But first…
The day ahead
Today in economic data, look out for the ANZ-Roy Morgan consumer confidence index and house prices. Also the Reserve Bank of Australia will release the minutes of its meeting from two weeks ago.
Often it is looked into more keenly than the RBA’s immediate post-meeting announcement because it goes into further details. However, economists will likely be more eager about an anticipated policy statement coming on Thursday.
The following companies are in trading halts or voluntary suspensions and are expected to exit in the next 48 hours:
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
Wednesday:
Carbon Revolution (ASX:CBR) – capital raising
Kin Mining (ASX:KIN) – capital raising
Blina Minerals (ASX:BDI) – exploration results
Astivita (ASX:AIR) – new product
Advance Nanotek (ASX:ANO) – new product
Murray Cod Australia (ASX:MCA) – acquisition of business assets
Neuroscientific Biopharmaceuticals (ASX:NSB) – pre-clinical study results
Markets
Gold: $US1,500.30 ($2,519.75) (-1.87%)
Silver: $US12.80 (-13.28%)
Oil (WTI): $US28.70 (-12.77%)
Oil (Brent): $US29.74 (-14.22%)
Coal: $US66.27 (+0.87%)
Iron 62pc Fe: $US90.13 (+0.73%)
AUD/USD: $US0.6116 (-1.40%)
Bitcoin: $US4,933.02 (-7.78%)
What got you talking yesterday
Western Australia’s Pilbara region is best known for iron ore. But there are a handful of small caps exploring for gold in the region including the recently successful De Grey Mining (ASX:DEG). On Twitter it was all about Bevis Yeo’s recap.
The Pilbara is shaping up to be one of the most active gold provinces in Australia #gold #mining #pilbara #asx #ausbiz $CAI $DEG $KAI $CZR $GSM https://t.co/S6LBo6FK0U
— Stockhead (@StockheadAU) March 16, 2020
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 | Company | Price | % Change | Market Cap | Volume |
|---|---|---|---|---|---|
| TDL | TBG Diagnostics | 0.14 | 438.46% | $30.5M | 134.55K |
| VMG | Vdm Group | 0.002 | 100.00% | $6.9M | 1.73M |
| LMG | Latrobe Magnesium Ltd | 0.009 | 80.00% | $11.7M | 1.50M |
| XCD | Xcd Energy | 0.006 | 50.00% | $4.2M | 3.72M |
| SAU | Southern Gold Ltd | 0.13 | 44.44% | $11.5M | 151.75K |
| CZN | Corizon | 0.01 | 42.86% | $4.8M | 2.27M |
| CDV | Cardinal Resources | 0.35 | 40.00% | $123.8M | 1.20M |
| BBX | BBX Minerals Ltd | 0.135 | 35.00% | $41.3M | 50.76K |
| ESH | Esports Mogul Asia Pacific Ltd | 0.004 | 33.33% | $6.1M | 9.12M |
| PSZ | PS&C Ltd | 0.02 | 33.33% | $5.3M | 81.48K |
| WBE | Whitebark Energy | 0.004 | 33.33% | $9.1M | 30.99M |
| MEY | Marenica Energy Ltd | 0.033 | 32.00% | $2.9M | 400.00K |
| CFO | Cfoam | 0.041 | 28.13% | $5.7M | 40.00K |
| CY5 | Cygnus Gold | 0.028 | 27.27% | $1.5M | 61.62K |
| BKT | Black Rock Mining Ltd | 0.034 | 25.93% | $17.0M | 677.19K |
| LSR | Lodestar Minerals Ltd | 0.005 | 25.00% | $3.4M | 204.21K |
| MXC | MGC Pharmaceuticals | 0.02 | 25.00% | $22.4M | 8.03M |
| WNB | Wellness Beauty Solutions | 0.025 | 25.00% | $2.0M | 5.13M |
| TSL | Titanium Sands | 0.05 | 25.00% | $31.2M | 150.90K |
| 14D | 1414 Degrees | 0.13 | 23.81% | $18.2M | 234.09K |
| POD | Podium Minerals | 0.021 | 23.53% | $2.8M | 89.11K |
| WML | Woomera Mining | 0.011 | 22.22% | $1.7M | 90.00K |
Yesterday’s losers
| Code | Company | Price | % Change | Market Cap | Volume |
|---|---|---|---|---|---|
| ALG | Ardent Leisure | 0.175 | -52.05% | $175.1M | 11.13M |
| TPS | Threat Protect Australia | 0.047 | -47.78% | $21.7M | 45.39K |
| AMO | Ambertech Ltd | 0.04 | -47.37% | $5.8M | 476.43K |
| FUN | Funtastic | 0.01 | -41.18% | $4.1M | 568.98K |
| ATL | Apollo Tourism & Leisure | 0.11 | -38.89% | $33.5M | 697.85K |
| AWV | Anova Metals Ltd | 0.006 | -33.33% | $6.2M | 516.57K |
| EVS | Envirosuite | 0.084 | -32.80% | $85.5M | 6.72M |
| FBR | Fastbrick Robotics | 0.015 | -31.82% | $38.8M | 11.25M |
| SKF | Skyfii | 0.1 | -31.03% | $49.8M | 1.23M |
| KNO | Knosys Ltd | 0.04 | -29.82% | $8.5M | 262.75K |
| EXP | Experience | 0.095 | -29.63% | $75.0M | 2.51M |
| WZR | WISR | 0.066 | -29.03% | $89.8M | 25.42M |
| AOU | Auroch Minerals NL | 0.027 | -28.95% | $5.7M | 22.50K |
| ANA | Ansila Energy NL | 0.005 | -28.57% | $3.6M | 4.24M |
| LNU | Linius Technologies | 0.01 | -28.57% | $16.5M | 213.57K |
| CAP | Carpentaria Exploration Ltd | 0.013 | -27.78% | $5.0M | 3.49M |
| TTM | Titan Minerals Ltd | 0.05 | -27.54% | $52.6M | 802.87K |
| AUC | Ausgold Ltd | 0.008 | -27.27% | $12.2M | 10.72M |
| RWD | Reward Minerals Ltd | 0.084 | -26.96% | $18.7M | 102.57K |
| PBH | Pointsbet Holdings | 1.76 | -26.67% | $366.8M | 3.06M |
| 1ST | 1st Group | 0.025 | -26.47% | $14.4M | 2.31M |
| CT1 | CCP Tech | 0.014 | -26.32% | $21.6M | 4.86M |
