Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, tech expert Tim Knapton on the surge in buy now, pay later stocks, RockTalk: Why the cycle smells right for potash and COVID-19 hasn’t been as nasty on super funds as the GFC.
But first…
The day ahead
Today’s economic data releases include NAB Business confidence and ANZ-Roy Morgan consumer confidence.
The following companies are in trading halts and are expected to exit in the next two trading days:
Tuesday:
Keytone Dairy (ASX:KTD) – capital raising
Skin Elements (ASX:SKN) – lab results
NTM Gold (ASX:NTM) – mineral resource estimate
Golden Deeps (ASX:GED) – capital raising
PharmAust (ASX:PAA) – clinical trial results
THC Group (ASX:THC) – acquisition
Eclipse Minerals (ASX:EPM) – capital raising
Ironbark Zinc (ASX:IBG) – exploration results
Wednesday:
Creso Pharma (ASX:CPH) – additional information to Monday’s announcement
Mesoblast (ASX:MSB) – capital raising
Alacer Gold (ASX:AQG) – M&A transaction
Schrole Group (ASX:SCL) – capital raising
Noxopharm (ASX:NOX) – capital raising
Markets
Gold: $US1,695.30 ($2,612.80) (-0.31%)
Silver: $US15.42 (-0.16%)
Oil (WTI): $US24.51 (-0.93%)
Oil (Brent): $US29.94 (-3.33%)
Coal: $US54.15 (-0.15%)
Iron 62pc Fe: $US86.84 (+1.06%)
AUD/USD: $US0.6489 (+0.00%)
Bitcoin: $US8,664.15 (-0.97%)
What got you talking yesterday
Our Twitter followers took the most interest in Reuben Adams’ piece on ASX listing rules and how they’ve led to a decrease in IPOs and backdoor listings.
An anaemic IPO market + tighter delisting rules for zombie companies means the ASX now has its lowest number of listed domestic entities since 2007. #ASX #ausbiz https://t.co/uiqjjLaMmU
— Stockhead (@StockheadAU) May 10, 2020
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 |
|---|---|---|---|
| WOA | Wide Open Agriculture | 0.285 | 103.57% |
| GTE | Great Western Exploration | 0.002 | 100.00% |
| MGT | Magnetite Mines | 0.002 | 100.00% |
| KKO | Kinetiko Energy | 0.036 | 80.00% |
| YOJ | Yojee | 0.046 | 76.92% |
| CCE | Carnegie Clean Energy | 0.002 | 50.00% |
| CUX | Crossland Strategic Metals | 0.006 | 50.00% |
| PCL | Pancontinental Oil&Gas | 0.0015 | 50.00% |
| AVW | Avira Energy | 0.0015 | 50.00% |
| CLZ | Classic Minerals | 0.0015 | 50.00% |
| RNX | Renegade Exploration | 0.003 | 50.00% |
| DDD | 3D Resources | 0.003 | 50.00% |
| IVR | Investigator Resources | 0.021 | 40.00% |
| SCI | Silver City Minerals | 0.015 | 36.36% |
| BSM | Bass Metals | 0.004 | 33.33% |
| VMT | Vmoto | 0.245 | 36.11% |
| EFE | Eastern Iron | 0.004 | 33.33% |
| MTH | Mithril Resources | 0.016 | 33.33% |
| MNW | Mint Payments | 0.008 | 33.33% |
| PSC | Prospect Resources | 0.099 | 32.00% |
Yesterday’s losers
| CODE | NAME | PRICE | % CHANGE |
|---|---|---|---|
| GTE | Great Western Exploration | 0.001 | -50.00% |
| GID | GI Dynamics | 0.002 | -50.00% |
| XST | XState Resources | 0.001 | -33.33% |
| MGT | Magnetite Mines | 0.001 | -33.33% |
| FGO | Flamingo AI | 0.001 | -33.33% |
| BAS | Bass Oil | 0.001 | -33.33% |
| QUE | Queste Communications | 0.03 | -32.50% |
| VMG | VDM Group | 0.0015 | -25.00% |
| MSR | Manas Resources | 0.003 | -25.00% |
| AR9 | Archtis | 0.06 | -20.00% |
| ENT | Enterprise Metals | 0.006 | -20.00% |
| PWN | Parkway Minerals | 0.008 | -20.00% |
| DAV | Davenport Resources | 0.04 | -18.52% |
| WNB | Wellness and Beauty Solutions | 0.009 | -18.18% |
| ACB | A-Cap Energy | 0.014 | -17.65% |
| RDS | Redstone Resources | 0.005 | -16.67% |
| PSZ | PS&C | 0.02 | -16.67% |
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