Coming up on Stockhead today, Why women love medical marijuana, 6 megatrends set to change the future of mining, and how to spot a true “turnaround” stock.

But first, here’s what you need to know right now:

 

The week ahead in data

It’s a pretty low-key week in terms of economic data. Two speeches coming from the Reserve Bank of Australia in the early parts, with assistant governor Luci Ellis delivering one on Monday and fellow assistant governor Christopher Kent delivering another on Wednesday.

ANZ Roy Morgan weekly consumer confidence figures are out on Tuesday.

The Australian Bureau of Statistics is onto labour force and job vacancies on Thursday, while RBA data on private sector credit is due Friday.

 

Company news

A big stack of companies have shares coming out of escrow this week, and you can get the lowdown on those here. We’ll continue to update you each day on which companies specifically. Today there are three companies: CommsChoice (ASX:CCG), Integral Diagnostics (ASX:IDX) and Sheffield Resources (ASX:SFX).

There are seven companies currently in a trading halt that may release their news in the next two days. Well, six companies in a trading halt and one, Orinoco Gold (ASX:OGX), in a “tading halt” — there was a typo in the announcement’s upload to the ASX platform.

Orinoco, Data Exchange Network (ASX:DXN), Vivid Technology (ASX:VIV) and Prescient Therapeutics (ASX:PTX) all have news of a capital raise, SportsHero (ASX:SHO) is entering into a strategic partnership, Dacian Gold (ASX:DCN) has a production update and Petsec Energy (ASX:PSA) is dropping drilling results.

 

Commodities

Gold: $USD1,313.13 +0.30%

Silver: $USD15.41 -0.32%

Oil (Brent): $USD67.03 -1.22%

Oil (WTI): $USD59.04 -1.57%

Coal: $USD88.22 -0.63%

Iron ore 62% fe: $USD85.89 +0.28%

AUD/USD: $USD0.7081

 

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What got you talking last week

Beer, beer and more beer on the Stockhead Facebook chat forum. Whether that was Friday end-of-week beers, or beer that tastes like actual p..s, in a Weed Week article from senior journalist Rachel Williamson.

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Friday:

It’s no surprise Emerge Gaming (ASX:EM1) was one of the most-talked-about stocks. It told investors about gaining access to 350 million mobile gamers worldwide in a new partnership with fellow gaming stock iCandy (ASX:ICI).

There were 1,203 posts on Emerge’s page on HotCopper this week alone, under extremely speculative and exceedingly hopeful thread titles such as “Telstra are getting ready..”, “350 Million Gamers – HUGE”, “Let the frenzy begin” and “10 Cent on the horizon”.

 

 

Last week’s winners

Weed hopeful CropLogic (ASX:CLI) has received a licence to cultivate industrial hemp in the US state of Oregon, which pushed shares up 123 per cent to 2.9c.

The company has been pouring considerable resources into assessing the US hemp market as it seeks to diversify its offering.

A new high-grade gold discovery at its Penny West project in WA for Spectrum Metals (ASX:SPX) sent the miner’s share price up 118 per cent this week, to 2.4c.

Intercepts were highlighted by 24.2 grams per tonne of gold at a depth of eight metres.

Kingsgate Consolidated (ASX:KCN) closed up 60 per cent this week, to 23c, after winning a significant court battle.

Kingsgate has been fighting the Thai government and its insurers over the premature closure of its Chatree gold mine.

This week it told investors insurers had agreed to a whopping $82 million payout.

ASX code Company Market Cap Price this Friday Price last Friday % change
SKN SKIN ELEMENTS LTD $ 6,206,301.50 0.018 0.043 126
CLI CROPLOGIC LTD $ 8,601,479.00 0.016 0.029 123
SPX SPECTRUM METALS LTD $ 25,228,364.00 0.011 0.024 118
JXT JAXSTA LTD $ 82,880,624.00 0.220 0.380 111
VMG VDM GROUP LTD $ 12,555,322.00 0.002 0.002 100
VAR VARISCAN MINES LTD $ 2,542,147.25 0.001 0.002 100
SRO SHAREROOT LTD $ 3,100,000.00 0.001 0.002 100
TMK TAMASKA OIL & GAS LTD $ 3,920,000.00 0.001 0.002 100
1ST 1ST GROUP LTD $ 14,118,496.00 0.055 0.054 93
KCN KINGSGATE CONSOLIDATED LTD $ 54,294,224.00 0.150 0.230 60
EM1 EMERGE GAMING LTD $ 20,565,776.00 0.028 0.033 59
BCC BEAM COMMUNICATIONS HOLDINGS $ 14,275,832.00 0.170 0.270 59
EN1 ENGAGE:BDR LTD $ 11,731,770.00 0.017 0.028 56
JPR JUPITER ENERGY LTD $ 6,901,996.00 0.030 0.045 50
GBP GLOBAL PETROLEUM LTD $ 6,079,588.00 0.020 0.030 50
MHC MANHATTAN CORP LTD $ 4,447,672.00 0.005 0.006 50
NWE NORWEST ENERGY NL $ 10,146,278.00 0.002 0.003 50
ROG RED SKY ENERGY LTD $ 3,039,626.50 0.002 0.003 50
RXH REWARDLE HOLDINGS LTD $ 1,578,964.50 0.002 0.003 50
VPR VOLT POWER GROUP $ 12,400,000.00 0.001 0.002 50
UWL UNITI WIRELESS LTD $ 47,823,600.00 0.262 0.365 49
AGD AUSTRAL GOLD LTD $ 53,417,300.00 0.067 0.100 47
AUQ ALARA RESOURCES LTD $ 18,241,510.00 0.028 0.029 45
CZR COZIRON RESOURCES LTD $ 17,855,512.00 0.007 0.010 43
CAN CANN GROUP LTD $ 308,746,400.00 1.570 2.210 41
PDI PREDICTIVE DISCOVERY LTD $ 3,305,989.00 0.012 0.014 40
GOO GOOROO VENTURES LTD $ 7,394,097.50 0.051 0.071 37
CMC CHINA MAGNESIUM CORP LTD $ 13,873,157.00 0.022 0.030 36
EUR EUROPEAN LITHIUM LTD $ 67,045,752.00 0.091 0.120 36
DXN DATA EXCHANGE NETWORK LTD/TH $ 18,747,074.00 0.072 0.096 33

 

Last week’s losers

MacMillan Shakespeare (ASX:MMS) called off a merger with Eclipx (ASX:ECX) after the latter said profit was down another 42 per cent since January, compared to the first five months of fiscal 2018.

That sent Eclipx shares tumbling 59 per cent, the week’s biggest fall, to 73c.

There were big headaches at Wagners Holding (ASX:WGN), which fell 29 per cent to $2.20 this week.

It has a cement supply agreement with $5.7 billion construction giant Boral (ASX:BLD); and Boral has effectively used the Bunnings clause — “if you find a competitor’s lower price on the same stocked item, we’ll beat it by 10 per cent” — saying it has found cheaper cement elsewhere, and asked Wagners to reduce its price.

Wagners says revenue may be hurt by as much as $20 million.

Ticker Name Market cap Price this Friday Price last Friday % change
KLH KALIA LTD $ 7,543,042.00 0.004 0.003 -25
MRD MOUNT RIDLEY MINES LTD $ 3,499,296.50 0.002 0.002 -25
RNY RNY PROPERTY TRUST $ 1,580,483.38 0.008 0.006 -25
EER EAST ENERGY RESOURCES LTD $ 9,602,961.00 0.004 0.003 -25
GGX GAS2GRID LTD $ 3,469,227.25 0.004 0.003 -25
CYP CYNATA THERAPEUTICS LTD $ 127,293,816.00 1.790 1.250 -26
SL1 SYMBOL MINING LTD $ 7,311,564.00 0.019 0.013 -26
MPR MPOWER GROUP LTD $ 3,348,025.00 0.030 0.022 -27
SCN SCORPION MINERALS LTD $ 1,947,269.75 0.015 0.011 -27
TRM TRUSCOTT MINING CORP LTD $ 1,296,257.00 0.015 0.011 -27
SFL SPRING FG LTD $ 4,277,726.00 0.041 0.030 -27
VP7 VELOCITY PROPERTY GROUP LTD $ 12,667,252.00 0.048 0.035 -27
SPT SPLITIT PAYMENTS LTD $ 285,045,952.00 1.600 1.140 -28
FIJ FIJI KAVA LTD $ 5,995,920.00 0.100 0.086 -28
KGM KALNORTH GOLD MINES LTD $ 4,471,200.50 0.005 0.005 -29
DLC DELECTA LTD $ 3,479,981.00 0.006 0.005 -29
WGN WAGNERS HOLDING CO LTD $ 355,026,304.00 3.190 2.200 -29
FHS FREEHILL MINING LTD $ 13,681,251.00 0.021 0.017 -29
TMX TERRAIN MINERALS LTD $ 2,253,062.00 0.005 0.004 -30
DDD 3D RESOURCES LTD $ 2,214,442.25 0.003 0.002 -33
AUH AUSTCHINA HOLDINGS LTD $ 2,230,770.00 0.003 0.002 -33
AKN AUKING MINING LTD $ 932,584.44 0.001 0.001 -33
CLZ CLASSIC MINERALS LTD $ 3,005,720.00 0.002 0.001 -33
CIO CONNECTED IO LTD $ 3,626,170.00 0.003 0.002 -33
GTE GREAT WESTERN EXPLORATION LT $ 3,860,797.25 0.006 0.004 -33
CGM COUGAR METALS NL $ 1,065,472.13 0.001 0.001 -33
BLK BLACKHAM RESOURCES LTD $ 24,781,206.00 0.027 0.018 -33
FRM FARM PRIDE FOODS LTD $ 24,831,080.00 0.685 0.450 -34
REF REVERSE CORP LTD $ 1,485,769.00 0.020 0.016 -36
9SP 9 SPOKES INTERNATIONAL LTD $ 12,381,780.00 0.037 0.025 -37

That’s all you need to know. Go go go!