On Stockhead today, major miners and oilies doing everything from recruiting AFL coaches to repurposing caravans for COVID-19, UBS insights on the market for ASX capital raisings ahead of June earnings season and we explain just what oil and gas hedging is.

But first…

The day ahead

Australian markets will get the headline datapoint of the week with the release of inflation figures for the March quarter.

Westpac expects to see quarterly inflation growth of just 0.1 per cent, weighed down by the effect of the January bushfires and falling petrol prices in the wake of COVID-19.

The subdued picture for inflation is consistent with “weak wages growth, patchy consumer spending, and softness in housing inflation,” Westpac said.

On global markets, all eyes will be on the US Federal Reserve when the bank makes its policy announcement overnight.

Markets will be watching for clues as to the Fed’s outlook, after a record month of monetary policy stimulus shelters the US economy from the COVID-19 fallout.

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

Wednesday:

KalNorth Gold Mines (ASX:KGM) – price query
Cobre (ASX:CBE) – acquisition
Silver City Minerals (ASX:SCI) – acquisition
Immutep (ASX:IMM) – capital raising
AVZ Minerals (ASX:AVZ) – test work results
Visioneering Technology (ASX:VTI) – capital raising
Castle Minerals (ASX:CDT) – capital raising

Thursday:

Alt Resources (ASX:ARS) – metallurgical results
New World Resources (ASX:NWC) – capital raising
Family Zone Cyber Safety (ASX:FZO) – capital raising
Splitit Payments (ASX:SPT) – capital raising
AssetOwl (ASX:AO1) – capital raising
Auteco Minerals (ASX:AUT) – capital raising
Vintage Energy (ASX:VEN) – capital raising

 

Markets

Gold: $US1,708.40 ($2,651.36) (-0.06%)

Silver: $US15.14 (-0.07%)

Oil (WTI): $US13.29 (+4.07%)

Oil (Brent): $US20.84 (+4.25%)

Coal: $US52.70 (+2.09%)

Iron 62pc Fe: $US83.96 (-0.02%)

AUD/USD: $US0.6492 (+0.42%)

Bitcoin: $US7,740.86 (+0.48%)

 

What got you talking yesterday

Yesterday the focus was on medtech, and why ASX small-caps in the space need more than just regulatory approval to build a successful business.

Readers also took an interest in this summary of where L1 Capital is investing its money amid the current market volatility.

To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.

Also, be sure to check in at 10.20am each morning for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.

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

Yesterday’s winners

Code Company Price % Change Market Cap Volume
RFN Reffind Ltd 0.003 150.00% $1.0M 35.68M
LHM Land Homes 0.005 150.00% $2.1M 42.39K
VAL Valor Resources 0.002 100.00% $1.9M 250.00K
CHK Cohiba Minerals Ltd 0.006 50.00% $2.7M 6.82M
SW1 Swift Networks 0.021 50.00% $3.4M 2.79M
RAG Ragnar Metals 0.006 50.00% $1.3M 7.03M
CLZ Classic Minerals Ltd 0.002 50.00% $7.4M 9.00M
GTE GTE 0.002 50.00% $1.3M 15.11M
FRX Flexiroam Ltd 0.016 45.45% $3.4M 82.00K
MPW MSL Solutions 0.036 44.00% $8.1M 929.14K
ATP Atlas Pearls 0.007 40.00% $2.1M 7.17M
KP2 Kore Potash DRC 0.015 36.36% $17.1M 1.99M
LVH LiveHire 0.3 36.36% $66.5M 2.52M
OAR Oakdale Resources Ltd 0.004 33.33% $1.9M 44.00M
ERM Emmerson Resources Ltd 0.097 32.88% $31.0M 4.17M
CDT Castile Res 0.14 27.27% $1.7M 1.18M
DVL dorsaVi Ltd 0.017 30.77% $3.0M 1.58M
THR Thor Mining DRC 0.009 28.57% $7.5M 4.04M
LVE Love Group Global 0.06 27.66% $1.9M 1.28M
KEY Key Petroleum Ltd 0.003 25.00% $3.4M 1.27M
VR8 Vanadium Resources 0.015 25.00% $4.5M 2.52M
EM2 Eagle Mountain Mining 0.15 25.00% $13.9M 92.68K
CAE Cannindah Resources Ltd 0.01 25.00% $1.6M 250.00K

Yesterday’s losers

Code Company Price % Change Market Cap Volume
PWY Parkway Minerals Part 0.001 -50.00% $6.7M 0.77K
KGM Kalnorth Gold Mines 0.012 -40.00% $17.9M 9.56M
FGO Flamingo 0.001 -33.33% $1.1M 1.00M
MGT Magnetite Mines 0.002 -33.33% $2.9M 33.37M
BMG BMG Resources Ltd 0.001 -33.33% $585K 8.50K
TYX Tyranna Resources 0.002 -33.33% $3.2M 742.90K
AGE Alligator Energy Ltd 0.003 -25.00% $5.7M 6.47M
MCT Metalicity 0.003 -25.00% $2.9M 12.30M
IMS Impelus 0.003 -25.00% $2.4M 480.00K
GMR Golden Rim 0.006 -25.00% $7.4M 3.04M
SRZ Stellar Resources Ltd 0.007 -22.22% $3.1M 186.38K
PEN Peninsula Energy 0.142 -20.83% $56.7M 3.95M
ELT Elementos Ltd 0.002 -20.00% $5.1M 2.00M
DLC Delecta Ltd 0.004 -20.00% $3.5M 560.00K
FMS Flinders Mines 0.026 -18.75% $111.5M 1.25M
CLT Cellnet Group Ltd 0.11 -18.52% $8.5M 15.13K
MVF Monash IVF Group Ltd 0.547 -17.42% $167.4M 14.31M
MSM MSM Corp 0.01 -16.67% $10.0M 1.40M
EPM Eclipse Metals Ltd 0.005 -16.67% $7.9M 5.16M
LSR Lodestar Minerals Ltd 0.005 -16.67% $5.1M 1.94M
ACB A-Cap Energy 0.015 -16.67% $15.7M 986.20K
IDZ Indoor Skydive AUS Group 0.005 -16.67% $2.0M 4.74M
PPL Pureprofile Ltd 0.005 -16.67% $705K 121.01K