Rise and Shine: What you need to know before the ASX opens
Pic: Stevica Mrdja / EyeEm / EyeEm via Getty Images
Coming up on Stockhead today, we drill down into all-female ridesharer Shebah and whether it’s a deal worth considering, local gamer Emerge has a plan to combat Google’s new streaming game service, and does Australia need to worry about China losing its love for our iron ore?
But first, here’s what you need to know right now:
The day ahead in data
CommBank (ASX:CBA) is releasing its PMI — that’s Purchasing Managers Index — for manufacturing and services.
Company news
No one has any stock coming out of escrow today but several have shareholder meetings scheduled in. Investors in Doray Minerals (ASX:DRM), Bounty Mining (ASX:B2Y) and Altura Mining (ASX:AJM) are enjoying tea and biscuits on the company today.
In trading halts are Homestay Care (ASX:HSC) and Medadvisor (ASX:MDR) who both are promising commercial agreement announcements.
Commodities
Gold: $USD1311.04 ($1,845.49) -0.26%
Silver: $USD 15.50 0.16%
Oil (Brent): $USD67.54 -1.20%
Oil (WTI): $USD59.74 0.07%
Coal: $USD88.70 -1.79%
Iron ore 62% fe: $USD85.41 -0.95%
AUD/USD: $USD0.7107
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What got you talking
How cannabis beer might taste was generating interest on the Stockhead Facebook chat forum, yesterday, after we reported on a story from the Wall Street Journal that has thrown light on a real problem for cannabis beer makers: apparently, it tastes like urine.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on XX:
Close Top 5 #MostDiscussedStocks: $CYP $EM1 $SPT $GXY $VEC #asx #ausbiz https://t.co/xOFzWmkzay
— HotCopper (@HotCopper) March 21, 2019
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Yesterday’s winners
Former Spectrum Metals (ASX:SPX) chairman Tony Barton bought himself another 1.1 per cent of the company, with the news released yesterday. It was the only news to move the Spectrum share up 2c — or 60 per cent.
Dateline Resources (ASX:DTR) was up a whopping 50 per cent after two people bought — wait for it — $1,735 worth of stock.
And Coziron Resources (ASX:CZR) share also had a hit of the buying sugar, but if you thought $1700 was a crazy small sum to move a stock your eyes will pop out when you see what moved Coziron up 43 per cent: $619.
| ASX code | Company Name | Price | Percentage Change | Market Cap | Volume |
|---|---|---|---|---|---|
| CGM | Cougar Metals NL | 0.002 | 100% | $2,100,000 | 1.0M |
| DDD | 3D Resources Ltd | 0.002 | 50% | $3,300,000 | 128.4k |
| DTR | Dateline Resources Ltd | 0.003 | 50% | $22,900,000 | 733.7k |
| GPP | Greenpower Energy Ltd | 0.003 | 50% | $4,700,000 | 1.7M |
| AD1 | ApplyDirect Ltd | 0.02 | 46% | $8,100,000 | 734.3k |
| CHZ | Chesser Resources Ltd | 0.05 | 39% | $11,900,000 | 3.0M |
| ADV | Ardiden Ltd | 0.004 | 33% | $6,700,000 | 375.0k |
| FSG | Field Solutions Holdings Ltd | 0.02 | 31% | $9,000,000 | 45.0k |
| LI3 | Lithium Consolidated Ltd | 0.06 | 30% | $5,400,000 | 370.5k |
| QFY | Quantify Technology Holdings L | 0.009 | 29% | $8,800,000 | 12.4M |
| HOR | Horseshoe Metals Ltd | 0.014 | 27% | $2,700,000 | 31.8k |
| WRM | White Rock Minerals Ltd | 0.007 | 27% | $11,500,000 | 29.5M |
| UNL | United Networks Ltd | 0.015 | 25% | $1,900,000 | 10.4k |
| MNC | Metminco Ltd | 0.003 | 25% | $3,000,000 | 1.0M |
| PSM | Peninsula Mines Ltd | 0.005 | 25% | $4,300,000 | 100.0k |
| QGL | Quantum Graphite Ltd | 0.003 | 25% | $18,900,000 | 250.0k |
| THD | Thred Ltd | 0.003 | 25% | $4,500,000 | 1.0M |
| OOK | Ookami Ltd | 0.02 | 23% | $7,200,000 | 3.1M |
| LNY | Laneway Resources Ltd | 0.008 | 23% | $27,600,000 | 24.7M |
Yesterday’s losers
There were few obvious reasons why most of the top five losers dropped.
However, Blackham Resources (ASX:BLK) said it needed another $26m from shareholders, thanks, after asking for and obtaining $36m in January and February last year. Investors sold the stock down 33 per cent after being asked for more money.
| ASX code | Company Name | Price | Percentage Change | Market Cap | Volume |
|---|---|---|---|---|---|
| OSL | OncoSil Medical Ltd | 0.05 | -70% | $31,500,000 | 58.2M |
| NWE | Norwest Energy NL | 0.002 | -33% | $6,800,000 | 780.5k |
| CLZ | Classic Minerals Ltd | 0.001 | -33% | $3,000,000 | 10.8M |
| NAE | New Age Exploration Ltd | 0.005 | -29% | $4,400,000 | 352.6k |
| TV2 | TV2U International Ltd | 0.006 | -25% | $15,100,000 | 24.8M |
| SI6 | Six Sigma Metals Ltd | 0.003 | -25% | $1,400,000 | 835.0k |
| IVO | Invigor Group Ltd | 0.003 | -25% | $7,800,000 | 100.0k |
| DHR | Dark Horse Resources Ltd | 0.003 | -25% | $5,900,000 | 100.0k |
| TZL | TZ Ltd | 0.18 | -25% | $12,700,000 | 15.9k |
| AGJ | Agricultural Land Trust | 0.03 | -23% | $3,000,000 | 25.3k |
| PSA | Petsec Energy Ltd | 0.08 | -21% | $29,100,000 | 704.4k |
| SUD | Suda Pharmaceuticals Ltd | 0.004 | -20% | $10,300,000 | 1.5M |
| MTB | Mount Burgess Mining NL | 0.004 | -20% | $1,800,000 | 35.7k |
| KMT | Kopore Metals Ltd | 0.013 | -19% | $7,100,000 | 1.2M |
| ARN | Aldoro Resources Ltd | 0.13 | -19% | $4,600,000 | 10.0k |
| CZR | Coziron Resources Ltd | 0.009 | -18% | $19,600,000 | 14.1k |
| SES | SECOS Group Ltd | 0.04 | -18% | $11,500,000 | 42.2k |
| JPR | Jupiter Energy Ltd | 0.04 | -18% | $5,700,000 | 67.0k |
| 9SP | 9 Spokes International Ltd | 0.03 | -29% | $12,400,000 | 16.3M |
| CYP | Cynata Therapeutics Ltd | 1.25 | -29% | $127,300,000 | 3.1M |
| GCR | Golden Cross Resources Ltd | 0.03 | -30% | $2,800,000 | 52.5k |
| DDD | 3D Resources Ltd | 0.002 | -33% | $2,200,000 | 503.3k |
| BLK | Blackham Resources Ltd | 0.02 | -33% | $24,800,000 | 40.7M |
| CLZ | Classic Minerals Ltd | 0.001 | -50% | $3,000,000 | 5.5M |
That’s all you need to know. Enjoy your weekends.
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