On Stockhead today, the cost of pausing clinical trials because of COVID-19, the small caps that are cheering for the return of elective surgeries next week and what happens to cobalt prices if supply ‘disappears’?
But first…
The day ahead
There are no headline data releases on the calendar, either locally or abroad.
Australian traders will get a look at Westpac’s leading economic index for March, which the bank’s economics team says is “set for a very steep fall”.
Elsewhere there’s March inflation data for the UK and Canada, with April consumer confidence figures out of Europe and the US monthly FHFA house price data (on a lag from February).
The following companies are in trading halts and are expected to exit in the next two trading days:
Wednesday:
Rhipe (ASX:RHP) – capital raising
Metcash (ASX:MTS) – capital raising
Legend Mining (ASX:LEG) – exploration results
Sunstone Metals (ASX:STM) – capital raising
MRG Metals (ASX:MRQ) – mineral resource estimate
Pioneer Credit (ASX:PNC) – debt facility update
Cynata Therapeutics (ASX:CYP) – capital raising
Thursday:
Galileo Mining (ASX:GAL) – capital raising
Australian Dairy Nutritionals (ASX:AHF) – change to material contract
Markets
Gold: $US1,686.90 ($2,686.05) (-0.28%)
Silver: $US14.88 (-2.50%)
Oil (WTI): -$US1.00 (+97.34%)
Oil (Brent): $US19.56 (-23.50%)
Coal: $US57.17 (-1.99%)
Iron 62pc Fe: $US84.43 (+0.31%)
AUD/USD: $US0.6279 (-0.02%)
Bitcoin: $US6,896.07 (+0.16%)
What got you talking yesterday
In the wake of the historic collapse in WTI crude prices, Rachel Williamson took a timely look at how the cohort of ASX-listed US oil frackers are positioned in the current market.
We also asked two investment professionals what they think of the short-term outlook for stocks, after a rollercoaster ride through March and April.
To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.
These were the most tipped stocks (weekly) on Stocks in Play:
Yesterday’s winners
Code | Company | Price | % Change | Market Cap | Volume |
---|
SI6 | Six Sigma Metals | 0.002 | 100.00% | $1.3M | 19.60M |
XPE | XPED | 0.002 | 100.00% | $1.8M | 605.05K |
VIP | Voltage IP | 0.067 | 91.43% | $35.4M | 31.80M |
MBK | Metal Bank Ltd | 0.007 | 75.00% | $6.2M | 3.23M |
SPQ | Superior Resources Ltd | 0.004 | 75.00% | $2.2M | 1.15M |
OXX | Octanex NL | 0.012 | 71.43% | $3.3M | 150.00K |
OEX | Oilex | 0.003 | 50.00% | $10.3M | 1.20M |
NAE | New Age Exploration Ltd | 0.003 | 50.00% | $2.7M | 200.00K |
PCL | Pancontinental Oil&Gas | 0.002 | 50.00% | $5.4M | 2.72M |
AOU | Auroch Minerals NL | 0.062 | 34.78% | $9.4M | 325.88K |
CTO | Citigold Corporation | 0.004 | 33.33% | $9.7M | 1.11M |
BSM | Bass Metals Ltd | 0.004 | 33.33% | $11.2M | 4.37M |
RMX | Red Mountain Mining | 0.004 | 33.33% | $3.5M | 100.00K |
SCT | Scout Security | 0.041 | 28.13% | $4.9M | 39.26K |
DKM | Duketon Mining Ltd | 0.16 | 28.00% | $18.9M | 1.01M |
XCD | Xcd Energy | 0.005 | 25.00% | $3.5M | 450.00K |
CFO | Cfoam | 0.05 | 25.00% | $8.9M | 87.28K |
AAJ | Aruma Resources Ltd | 0.003 | 25.00% | $1.4M | 200.00K |
PKS | PKS Holdings | 0.16 | 23.08% | $18.8M | 2.98M |
MTC | Metalstech | 0.16 | 23.08% | $17.5M | 5.49M |
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Yesterday’s losers
Code | Company | Price | % Change | Market Cap | Volume |
---|
JPR | Jupiter Energy | 0.002 | -50.00% | $307K | 2.22K |
RLG | Roolife Group Ltd | 0.027 | -32.50% | $9.2M | 15.17M |
SBR | Sabre Resources Ltd | 0.001 | -33.33% | $852K | 14.68M |
VAL | Valor Resources | 0.001 | -33.33% | $1.9M | 500.00K |
CYQ | Cycliq | 0.001 | -33.33% | $1.9M | 32.65M |
BAS | Bass Strait Oil Co Ltd | 0.001 | -33.33% | $5.0M | 924.81K |
CAD | Caeneus Minerals | 0.001 | -33.33% | $2.7M | 15.00K |
RFN | Reffind Ltd | 0.001 | -33.33% | $1.0M | 400.00K |
AU1 | Agency Group Australia | 0.04 | -31.03% | $12.0M | 360.21K |
HSC | Homestay Care | 0.006 | -27.78% | $10.1M | 87.36M |
CGN | Crater Gold Mining Ltd | 0.008 | -27.27% | $11.1M | 413.08K |
AEV | Avenira | 0.008 | -27.27% | $3.5M | 905.30K |
LAA | Latam Autos Ltd | 0.011 | -26.67% | $6.5M | 296.50K |
CRO | Cirralto | 0.003 | -25.00% | $2.5M | 483.33K |
NXE | New Energy Minerals | 0.006 | -25.00% | $1.0M | 42.50K |
GID | GI Dynamics | 0.003 | -25.00% | $2.7M | 750.76K |
FPL | Fremont Petroleum | 0.003 | -25.00% | $5.0M | 9.42M |
ENE | Enevis | 0.04 | -24.53% | $2.7M | 548.78K |
ATH | Alterity Therapeutics | 0.017 | -22.73% | $15.3M | 486.02K |
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