On Stockhead today, how the Lachlan Fold came to the fore for explorers, where Predictive Discovery’s 733 per cent one-day share price rally puts it in the record books and asking the big questions — what takes priority in a pandemic, cannabis or toilet paper?

But first…

 

The day ahead

Arguably the biggest event of today from an ASX small cap perspective is the first IPO hitting the bourse in six weeks. Rapid test diagnostic maker Atomo Diagnostics (ASX:AT1) begins trading at 11am.

The company has been making HIV test kits for nearly a decade but has begun to expand into COVID-19 testing kits.

In economic data, the Australian Bureau of Statistics is releasing job statistics at 11.30am, including the unemployment rate. Economists expect only a slight rise this month. Also keep your eye out for the Reserve Bank’s foreign exchange transactions.

The following companies are in trading halts and are expected to exit in the next two trading days:

Thursday:

BrainChip (ASX:BRN) – capital raising
Cobre (ASX:CBE) – exploration results
Virgin Australia (ASX:VAH) – financial assistance
Panoramic Resources (ASX:PAN) – financial and operational update
Capitol Health (ASX:CAJ) – capital raising
Threat Protect Australia (ASX:TPS) – financing facility

Friday:

Micro-X (ASX:MX1) – capital raising
Electro Optic Systems (ASX:EOS) 
– capital raising
Salt Lake Potash (ASX:SO4) 
– capital raising

 

Markets

Gold: $US1,716.68 ($2,716.99) (-0.51%)

Silver: $US15.46 (-1.37%)

Oil (WTI): $US20.13 (+0.10%)

Oil (Brent): $US27.99 (-5.44%)

Coal: $US58.92 (-1.17%)

Iron 62pc Fe: $US84.25 (+0.49%)

AUD/USD: $US0.6318 (-1.92%)

Bitcoin: $US6,752.59 (-1.79%)

 

What got you talking yesterday

In case you missed it yesterday we began a new column Guy on Rocks, where we chat with RM Corporate Finance executive Guy Le Page about the resources market.

Most notably, one stock he said he was watching, delivered in spades yesterday — WA explorer Chalice Gold Mines (ASX:CHN).

However it was dwarfed by a gold hit from Africa-focused Predictive Discovery (ASX:PDI), which made the biggest one-day gain on the ASX in more than three years — 733 per cent.

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

Yesterday’s winners

Code Company Price % Change Market Cap Volume
PDI Predictive Discovery 0.05 733.33% $25.0M 381.41M
APH Australian Primary Hemp 0.145 107.14% $10.1M 1.26M
JXT Jaxsta 0.045 104.55% $11.1M 2.42M
1ST 1st Group 0.051 88.89% $22.1M 61.07M
CHN Chalice Gold Mines 1.1 94.69% $290.5M 14.80M
CM8 Crowd Mobile 0.029 81.25% $8.2M 16.16M
A1G African Gold Ltd 0.088 69.23% $5.1M 67.83K
MXC MGC Pharma 0.028 64.71% $24.6M 15.88M
ARM Aurora Minerals Ltd 0.013 62.50% $3.1M 32.48M
ZMI Zinc Ireland 0.048 60.00% $5.8M 466.48K
IPB IPB Petroleum 0.024 60.00% $5.5M 1.85M
APG Austpac Resources NL 0.002 50.00% $2.8M 524.00K
DHR Dark Horse Resources 0.003 50.00% $7.4M 600.00K
PCL Pancontinental Oil&Gas 0.002 50.00% $5.4M 7.00M
XPE XPED 0.002 50.00% $1.8M 504.84K
UUV UUV Aquabotix 0.002 50.00% $682K 570.00K
WNB Wellness Beauty Solutions 0.017 54.55% $16.0M 256.18M
VAL Valor Resources 0.002 50.00% $1.9M 200.00K
CLZ Classic Minerals Ltd 0.002 50.00% $7.4M 9.55M
XTC Xantippe Resources 0.003 50.00% $6.7M 89.50M
ZEN Zenith Minerals Ltd 0.041 46.43% $147.9M 93.00K
FNT Frontier Resources Ltd 0.01 42.86% $4.9M 10.84M
HLX Helix Resources 0.007 40.00% $3.4M 665.00K

 

Yesterday’s losers

Code Company Price % Change Market Cap Volume
MPP Metro Performance Glass 0.16 -40.74% $50.1M 83.75K
QUE Queste Communications 0.04 -35.48% $1.7M 127.41K
FXL Flexiroam Ltd 0.01 -33.33% $370.7M 285.83K
SW1 Swift Networks 0.021 -25.00% $6.2M 1.60M
EUC European Cobalt 0.013 -23.53% $13.0M 2.51M
NWC New World Cobalt 0.007 -22.22% $7.9M 5.28M
YOW Yowie Group Ltd 0.034 -20.93% $9.4M 375.75K
EMU Emu NL 0.019 -20.83% $7.2M 448.06K
GNX Genex Power Ltd 0.135 -20.59% $68.3M 2.71M
RDN Raiden 0.004 -20.00% $2.2M 296.01K
SE1 Sensera 0.004 -20.00% $1.6M 122.50K
CZN Corazon Mining Ltd 0.002 -20.00% $4.8M 8.95M
TMX Terrain Minerals Ltd 0.004 -20.00% $3.6M 2.90M
BUG Buderim Ginger Ltd 0.13 -18.75% $13.7M 3.33K
COO Corum Group Ltd 0.04 -18.37% $19.7M 7.02M
BEM BlackEarth Minerals 0.037 -17.78% $6.4M 95.97K
MAN Mandrake Resources 0.019 -17.39% $6.1M 59.22M
CNU Conico Ltd 0.005 -16.67% $2.3M 507.81K
MBK Metal Bank Ltd 0.005 -16.67% $5.3M 17.06K
CXX Cradle Resources Ltd 0.025 -16.67% $5.7M 27.00K
GNM Great Northern Minerals 0.005 -16.67% $2.6M 436.60K
IGN Ignite 0.005 -16.67% $537K 900.00K