On Stockhead today, how gold hedging impacts shareholder returns, the COVID-crisis strikes leaving just nine health stocks in the black and pot sales go through the roof as cannabis aficionados stock up ahead of potential quarantine.

But first…

 

The day ahead

Today at 11.30am we’ll see monthly jobs data released. This includes the unemployment rate and labour force participation rate.

But more eyes will be on the Reserve Bank, which will make a policy announcement at 2.30pm today with further detail on the measures it will take to minimise the damage of the coronavirus on the Australian economy.

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

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

Friday:

Arrow Minerals (ASX:AMD) – capital raising
DXN (ASX:DXN) – capital raising
Pacific Star Network (ASX:PNW) – COVID-19 update
Liquefied Natural Gas (ASX:LNG) – funding arrangement

 

Markets

Gold: $US1,490.60 ($2,572.33) (-3.32%)

Silver: $US12.02 (-6.28%)

Oil (WTI): $US22.30 (-16.98%)

Oil (Brent): $US26.16 (-8.60%)

Coal: $US66.95 (+0.68%)

Iron 62pc Fe: $US89.95 (-0.04%)

AUD/USD: $US0.5798 (-3.37%)

Bitcoin: $US5,348.95 (-1.05%)

 

What got you talking yesterday

Each day, around 20 minutes after the ASX opens we put out a recap of the best performing stocks in early trade. Yesterday’s was the most popular on Twitter likely because the leader was up 250 per cent in just 15 minutes.

It was beauty clinic salon operator Wellness & Beauty Solutions (ASX:WNB) which told shareholders it is now entering the hand sanitiser business.

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
WNB Wellness Beauty Solutions 0.007 250.00% $7.0M 305.45M
ECG eCargo Holdings Ltd 0.025 108.33% $15.4M 25.00K
EM1 Emerge Gaming 0.007 75.00% $4.6M 1.06M
IVX Invictus Energy 0.017 54.55% $7.6M 2.57M
AGD Austral Gold Ltd 0.14 41.41% $78.3M 25.87K
FRM Farm Pride Foods Ltd 0.23 35.29% $12.7M 33.75K
AEI Aeris Environmental Ltd 0.525 34.62% $112.3M 6.35M
AIS Aeris Resources Ltd 0.04 33.33% $18.2M 917.08K
OSL Oncosil Medical Ltd 0.12 30.43% $75.7M 8.12M
GMV G Medical Innovations 0.06 30.43% $25.4M 1.64M
PRX Prodigy Gold 0.036 28.57% $20.9M 809.15K
WWI West Wits Mining Ltd 0.01 25.00% $9.4M 1.28M
KIN Kin Mining NL 0.051 24.39% $29.1M 238.45K
RCL ReadCloud 0.32 23.08% $31.3M 12.07K
ALY Alchemy Resources Ltd 0.011 22.22% $6.1M 90.00K
HZN Horizon Gold 0.2 21.21% $62.9M 3.08K
S2R S2 Resources Ltd 0.08 21.21% $19.8M 218.43K
RES Resource Generation 0.058 20.83% $32.0M 100.72K
IVR Investigator Resources Ltd 0.012 20.00% $10.2M 3.10M
RAN Range International 0.012 20.00% $4.3M 525.76K
OVL Oro Verde Ltd 0.006 20.00% $13.0M 7.46M
AME Alto Metals 0.054 20.00% $15.8M 909.99K
FEX Fenix Resources 0.036 20.00% $9.1M 1.04M
SVD Scandivanadium 0.006 20.00% $903K 1.15M

 

Yesterday’s losers

Code Company Price % Change Market Cap Volume
VAL Valor Resources 0.001 -50.00% $1.9M 450.00K
DDD 3D Resources Ltd 0.001 -50.00% $2.8M 1.00M
QFY Quantify Tech 0.001 -50.00% $1.9M 3.00M
CBR Carbon Revolution 1.31 -47.81% $166.8M 2.52M
FFL Founders First 0.18 -38.98% $22.3M 507.92K
LCD Latitude Consolidated Ltd 0.01 -33.33% $2.8M 932.99K
APT Afterpay Touch 12.76 -33.05% $3.4B 14.68M
VAR Variscan Mines Ltd 0.015 -31.82% $3.4M 769.48K
SOP Synertec 0.021 -30.00% $4.6M 1.49M
RFG Retail Food Group 0.038 -28.30% $76.5M 10.14M
VRL Village Roadshow 1.24 -28.12% $242.1M 509.59K
NSR National Storage 1.295 -28.06% $1.0B 22.90M
CBE Cobre 0.09 -28.00% $8.7M 502.66K
PVS Pivotal Systems 1.11 -26.49% $80.6M 8.64K
LOV Lovisa Holdings Ltd 4.36 -25.21% $468.5M 1.83M
SYR Syrah Resources 0.195 -25.00% $80.8M 23.88M
SGO Stream Group Ltd 0.016 -23.81% $3.5M 1.67K