On Stockhead today, how Avita Medical rose over 500 per cent in two years, the Chinese metals sector is rapidly recovering from COVID-19 disruption and NSW aims to be the hydrogen frontrunner with statewide gas network plan.

But first…

 

The day ahead

Amid the coronavirus chaos, economic data has been rendered more or less futile. Today’s events will be guided by news flow around the number of positive corona tests, what US stocks do and any new announcements around fiscal policy.

That said, on the local data front Westpac will release its monthly leading index for February. The index is a gauge of future expectations for the economy, although with the pace of change amid the COVID-19 pandemic, it’s already out of date.

The US Fed was scheduled to make its policy announcement tonight, but it moved the date forward to an emergency meeting last Sunday, where it slashed rates by 100 basis points and flagged $US700bn ($1.2bn) of asset purchases.

The following companies are in trading halts or voluntary suspensions and are expected to exit in the next 48 hours:

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

Thursday:

Chalice Gold Mines (ASX:CHN) – drilling results
Impression Healthcare (ASX:IHL) – supply agreement
Regional Express (ASX:REX) – revised profit guidance
Ardent Leisure Group (ASX:ALG) – response to COVID-19 regulations
SomnoMed (ASX:SOM) – trading condition update
TBG Diagnostics (ASX:TDL) – certification of diagnostic kit

 

Markets

Gold: $US1,530.20 ($2,555.40) (+1.43%)

Silver: $US12.69 (-2.56%)

Oil (WTI): $US27.23 (-6.18%)

Oil (Brent): $US29.74 (-3.15%)

Coal: $US66.50 (+0.35%)

Iron 62pc Fe: $US89.99 (-0.16%)

AUD/USD: $US0.5989 (-2.09%)

Bitcoin: $US5,449.50 (+10.49%)

 

What got you talking yesterday

Before the crisis hit, small-business lending was a red-hot sector on the ASX. But as Stockhead’s Rachel Williamson highlighted, listed small-cap lenders have been crushed.

There was some better news on the consumer finance side though, as fintech lender Wisr (ASX:WZR) bounced off its crisis-lows with a 50 per cent gain after announcing it had “not seen a material impact to its business” in Q1.

We have a small and micro cap Facebook chat group. If you’re not already a member we’d love to have you join – click on the link here.

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

 

Yesterday’s winners

Code Company Price % Change Market Cap Volume
PNN Pepinnini Minerals Ltd 0.002 100.00% $2.9M 5.29M
TKL Traka Resources Ltd 0.004 100.00% $1.6M 31.75K
BMG BMG Resources Ltd 0.002 100.00% $1.2M 2.04M
TDL TBG Diagnostics 0.27 92.86% $58.8M 988.28K
IQ3 iQ3Corp Ltd 0.125 78.57% $13.0M 12.00K
WZR WISR 0.102 55.30% $96.5M 62.71M
EQE Equus Mining Ltd 0.006 50.00% $8.5M 479.09K
FGO Flamingo 0.002 50.00% $1.1M 250.00K
RGS Regeneus Ltd 0.07 40.00% $19.5M 228.09K
OLL Openlearning 0.195 39.29% $27.2M 1.62M
CHZ Chesser Resources 0.06 36.36% $17.1M 790.50K
TIE Tietto Minerals 0.195 34.48% $69.3M 158.50K
AWV Anova Metals Ltd 0.008 33.33% $5.5M 874.93K
LNU Linius Technologies 0.013 30.00% $15.3M 3.18M
BOL Boom Logistics 0.12 29.03% $51.3M 83.47K
AUQ Alara Resources Ltd 0.018 28.57% $11.3M 1.00M
ALG Ardent Leisure 0.225 28.57% $84.0M 2.58M
BLK Blackham Resources Ltd 0.009 28.57% $41.2M 25.60M
IPT Impact Minerals Ltd 0.007 27.27% $10.9M 534.83K
WML Woomera Mining 0.014 27.27% $2.3M 225.35K

 

Yesterday’s losers

Code Company Price % Change Market Cap Volume
ECG eCargo Holdings Ltd 0.012 -60.00% $7.4M 40.00K
DHR Dark Horse Resources 0.001 -50.00% $2.5M 915.00K
VMG Vdm Group 0.001 -50.00% $6.9M 625.03K
ONE Oneview Healthcare 0.05 -43.82% $8.8M 140.81K
LNY Laneway Resources Ltd 0.003 -40.00% $11.2M 21.82M
MQR Macquarie Resources 0.031 -38.00% $2.0M 247.27K
CTO Citigold Corporation 0.002 -33.33% $7.3M 17.17M
ROG Red Sky Energy 0.001 -33.33% $1.6M 4.00M
QFY Quantify Tech 0.001 -33.33% $3.9M 3.25M
AFR African Energy Resources 0.012 -29.41% $7.5M 254.43K
AD1 ApplyDirect 0.008 -27.27% $5.5M 477.78K
GEV Global Energy Ventures 0.07 -26.32% $26.5M 711.93K
BBX BBX Minerals Ltd 0.1 -25.93% $41.4M 209.50K
SGC Sacgasco 0.012 -25.00% $3.2M 1.58M
AHL Ahalife Holdings 0.003 -25.00% $4.8M 10.18M
FAM Family Insights Group 0.03 -25.00% $2.6M 6.61K
EAX Energy Action 0.12 -25.00% $4.2M 12.00K
BNR Bulletin Resources Ltd 0.016 -23.81% $3.8M 700.00K
FIJ Fiji Kava 0.045 -22.41% $5.5M 183.47K
RNT RENT.COM.AU Ltd 0.035 -22.22% $13.1M 1.12M
CVV Caravel Minerals Ltd 0.021 -22.22% $5.3M 47.67K