Rise and Shine: What you need to know before the ASX opens
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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:
CommBank (ASX:CBA) is releasing its PMI — that’s Purchasing Managers Index — for manufacturing and services.
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.
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%
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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:
— HotCopper (@HotCopper) March 21, 2019
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.
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.
That’s all you need to know. Enjoy your weekends.