Rise and Shine: What you need to know before the ASX opens
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Coming up on Stockhead today, what’s happening with the ASX small cap health stocks, small cap miners are struggling to raise cash, and could Wesfarmers’ love for Lynas spark more interest in rare earths?
But first, here’s what you need to know right now:
The Australian Bureau of Statistics is today releasing data on the Australian labour force and job vacancies.
No companies are releasing shares from escrow today, but get ready for a flood of the things tomorrow. There are six companies which may come out of a trading halt today. Or they may not.
They might even go into voluntary suspension if they can’t release their announcements within a 48-hour window.
Gold: $USD1309.95 ($1,848.12) -0.45%
Silver: $USD15.30 -0.94%
Oil (Brent): $USD15.30 -0.31%
Oil (WTI): $USD59.24 -0.95%
Coal: $USD89.65 +0.59%
Iron ore 62% fe: $USD87 No change
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Leigh Creek Reserve’s (ASX:LCK) big gas reserve in South Australia was of interest on the Stockhead Facebook chat forum. These were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday:
— HotCopper (@HotCopper) March 27, 2019
No surprises Leigh Creek was amongst them. Emerge Gaming (ASX:EM1) continues to be a popular stock after a wealth of news of late.
Leigh Creek was indeed one of the winners, with its shares rising yesterday 30 per cent to be 41c at the close of trade.
intelliHR Holdings (ASX:IHR) was shouting from the rooftops yesterday, releasing an announcement with a headline in all-caps about hitting a milestone of 50 clients. It said it now has nearly 7,000 paying users, with annual recurring revenue closing in on seven figures. Its shares rose in kind, up 25 per cent 15c.
Eclipx (ASX:ECX) put out a market update that pushed shares up 23 per cent to 70c. An investor presentation outlined progress the company is making on its debts, sale of some of its businesses and an update on its cost reduction processes.
The Data Exchange (ASX:DXN) came out of a nearly week-long trading halt to announce an entitlement issue, offering existing shareholders 8.5 new shares for every 10 they hold at 5c a pop.
That pushed shares down 18 per cent to 8c.
Moho Resources (ASX:MOH) fell 30 per cent to 10c after telling the market it had completed drilling at its Silver Swan North project.
It will now review the results, hoping there’s enough nickel sulphide mineralisation to warrant further drilling.
That’s all you need to know. Go go go!