On Stockhead today, COVID-19 treatments are a better bet than a vaccine, the surge in buy now pay later 2.0 and consumer confidence is on an eight-week winning streak but long-term concerns linger.

But first…

 

The day ahead

Continuing the quiet week of local data, Australia will get quarterly data on construction work done for the three months to March. While a little out of date, the numbers may show the impact of early disruptions from the COVID-19 pandemic.

Looking abroad, the US Federal Reserve will release its Beige Book — a report released eight times a year that provides a summary of US economic activity.

Markets will also be watching for comments from Fed committee member James Bullard, who will give a speech on the state of the US economy during the pandemic.

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

Wednesday:

Laramide Resources (ASX:LAM) – technical report release
European Lithium (ASX:EUR) – strategic partnership
Ora Banda Mining (ASX:OBM) – interim ore reserve statement
Alpha HPA (ASX:A4N) – capital raising
Rox Resources (ASX:RXL) – capital raising
Alto Metals (ASX:AME) – resource upgrade
Blue Star Helium (ASX:BNL) – results of prospective helium resources report
Kingston Resources (ASX:KSN) – capital raising
MGM Wireless (ASX:MWR) – capital raising
Legend Mining (ASX:LEG) – exploration update

Thursday:

White Rock Minerals (ASX:WRM) – capital raising
Challenger Exploration (ASX:CEL) – assay results
NSX (ASX:NSX) – capital raising
GI Dynamics (ASX:GID) – delisting update
Comet Resources (ASX:CRL) – proposed acquisition & due diligence
Chase Mining (ASX:CML) – capital raising

 

Markets

Gold: $US1,709.95 ($2,569.37) (-1.11%)

Silver: $US17.11 (-0.49%)

Oil (WTI): $US34.14 (+2.71%)

Oil (Brent): $US36.08 (+2.73%)

Coal: $US56.05 (+0.53%)

Iron 62pc Fe: $US91.42 (+0.24%)

AUD/USD: $US0.6655 (+1.68%)

Bitcoin: $US8,873.71 (-0.46%)

 

What got you talking yesterday

There was plenty of interest in the latest edition of RockTalk, which this week focused on the recent resilience of the iron ore market.

A lot of readers also checked in with Flying or Falling? — our update on how the best-performing small cap explorers of last year are holding up so far in 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 Volume
PWN Parkway Minerals 0.004 100.00% 2.74M
MCT Metalicity 0.008 60.00% 70.49M
ZEU Zeus Resources Ltd 0.008 60.00% 1.20M
VRC Volt Resources 0.025 56.25% 54.06M
ENX Enegex NL 0.01 42.86% 117.67K
GEV Global Energy Ventures 0.007 40.00% 31.57M
GNM Great Northern Minerals 0.011 31.25% 14.18M
IXU IXUP 0.027 35.00% 336.18K
BSM Bass Metals Ltd 0.004 33.33% 1.13M
STM Sunstone Metals 0.008 33.33% 23.11M
HLO Helloworld 2.16 30.91% 2.92M
PKO Peako 0.017 30.77% 185.00K
CNJ Conico Ltd 0.009 28.57% 2.09M
VEN Vintage Energy 0.053 26.19% 2.43M
OAR Oakdale Resources Ltd 0.003 25.00% 3.75M
RBR RBR Group 0.01 25.00% 1.22M
CLA Celsius Resources 0.013 25.00% 6.89M
IDZ Indoor Skydive AUS Group 0.005 25.00% 444.00K
DHR Dark Horse Resources 0.003 25.00% 1.42M
OSP Osprey Medical Inc 0.015 25.00% 15.18M
POD Podium Minerals 0.026 23.81% 12.19K

Yesterday’s losers

Code Company Price % Change Volume
IKW Ikwezi Mining Ltd 0.001 -50.00% 15.00K
ADY Admiralty Resources 0.008 -38.46% 1.11M
GTE Great Western Exploration 0.001 -33.33% 1.77M
PCL Pancontinental Oil&Gas 0.001 -33.33% 125.00K
BAS Bass Oil 0.001 -33.33% 22.80K
LRS Latin Resources Ltd 0.003 -25.00% 27.12K
BMG BMG Resources Ltd 0.003 -25.00% 5.90M
KIN Kin Mining NL 0.115 -20.69% 4.04M
AVW Avira Energy 0.002 -20.00% 300.00K
CTO Citigold Corporation 0.004 -20.00% 796.21K
LSR Lodestar Minerals Ltd 0.005 -16.67% 3.59M
BIR BIR Financial 0.05 -16.67% 0.40K
ESE Esense-Lab 0.01 -16.67% 1.24M
SUP Superior Resources Ltd 0.005 -16.67% 836.00K
MAR Malachite Resources Ltd 0.042 -16.00% 26.00K
ABT Abundant Produce 0.016 -15.79% 210.80K
JDR Jadar Lithium 0.011 -15.38% 3.20M
VR8 Vanadium Resources 0.017 -15.00% 296.05K
SHE Stonehorse Energy 0.006 -14.29% 300.00K
ESH Esports Mogul Asia Pacific Ltd 0.006 -14.29% 16.49M
GBT Bio-Gene Tech 0.17 -12.82% 902.46K
MEB Medibio Ltd 0.007 -12.50% 200.00K