On Stockhead today, the cost of pausing clinical trials because of COVID-19the 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

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