Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, analysts reckon gold will punch through $US2000 by year-end, how fast executives think their industries will rebound from COVID-19 and Hydrix tries to cut through the complexity with $$$.
But first…
The day ahead
Today’s economic data includes Australia’s trade balance as well as monthly import and export figures. Economists expect another trade surplus, in the vicinity of $9m, which would represent a slight increase from last month.
The following companies are in trading halts and are expected to exit in the next two trading days:
Thursday:
Kasbah Resources (ASX:KAS) – removal application
Prairie Mining (ASX:PDZ) – litigation funding agreement
Emmerson Resources (ASX:ERM) – capital raising
Friday:
Amplia Therapeutics (ASX:ATX) – capital raising
DiscovEX Resources (ASX:DCX) – capital raising
Resource Generation (ASX:RES) – capital raising
Mineral Commodities (ASX:MRC) – expanded mining rights application
Avenira (ASX:AEV) – capital raising
Home Consortium (ASX:HMC) – capital raising
AIC Mines (ASX:A1M) – capital raising
Temple & Webster (ASX:TPW) – capital raising
Markets
Gold: $US1,769.70 ($2,559.21) (-0.82%)
Silver: $US17.98 (-1.16%)
Oil (WTI): $US39.71 (+1.12%)
Oil (Brent): $US41.92 (+1.90%)
Coal: $US52.97 (-0.81%)
Iron 62pc Fe: $US102.95 (-0.11%)
AUD/USD: $US0.6903 (+0.54%)
Bitcoin: $US9,151.41 (-0.32%)
What got you talking yesterday
Analysts have continually warned us of a forthcoming “copper crunch”. Earlier this week S&P said the situation had gotten more dire this decade.
“Even when the additional exploration efforts are completed over the coming years, 2010-19 will remain the worst decade for copper discoveries that we have recorded.”#ASX #ausbiz #exploration #copper https://t.co/wp46rlBJ9g
— Stockhead (@StockheadAU) July 1, 2020
Also popular with our readers was our latest edition of RockTalk which discussed oil’s post COVID bounce.
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.
Yesterday’s winners
Note: Stocks in yellow made market-moving announcements yesterday
| Code | Name | Price | % Chg | Volume |
|---|---|---|---|---|
| ATH | Alterity Therapeutics ltd | 0.17 | +870.59% | 268.7M |
| AYM | Australia United Mining Ltd | 0.004 | +300.00% | 1.6M |
| CY5 | Cygnus Gold Ltd | 0.16 | +118.31% | 8.6M |
| IKW | Ikwezi Mining Ltd | 0.002 | +100.00% | 1.1M |
| QFY | Quantify Technology Holdings L | 0.002 | +100.00% | 3.1M |
| VIC | Victory Mines Ltd | 0.002 | +100.00% | 56.8M |
| ANL | Amani Gold Ltd | 0.0015 | +50.00% | 7.5M |
| HLX | Helix Resources Ltd | 0.02 | +50.00% | 9.7M |
| RVS | Revasum Inc | 0.6 | +48.15% | 76.6k |
| HIP | Hipo Resources Ltd | 0.02 | +46.67% | 2.8M |
| RNU | Renascor Resources Ltd | 0.013 | +44.44% | 10.4M |
| BAT | Battery Minerals Ltd | 0.01 | +42.86% | 14.6M |
| BNL | Blue Star Helium Ltd | 0.02 | +41.67% | 9.9M |
| SHH | Shree Minerals Ltd | 0.007 | +40.00% | 74.8M |
| ISD | iSentia Group Ltd | 0.2 | +37.93% | 4.4M |
| CWL | Chant West Holdings Ltd | 0.11 | +37.50% | 4.2M |
| PPY | Papyrus Australia Ltd | 0.011 | +37.50% | 383.9k |
| AR9 | Archtis Ltd | 0.16 | +34.78% | 11.4M |
| TSL | Titanium Sands Ltd | 0.07 | +34.69% | 950.0k |
| CAV | Carnavale Resources Ltd | 0.004 | +33.33% | 41.5M |
| GGE | Grand Gulf Energy Ltd | 0.004 | +33.33% | 903.2k |
| KEY | Key Petroleum Ltd | 0.004 | +33.33% | 21.6M |
| SMI | Santana Minerals Ltd | 0.004 | +33.33% | 1.3M |
| SCN | Scorpion Minerals Ltd | 0.06 | +31.11% | 99.7k |
| FAM | Family Insights Group Ltd | 0.03 | +30.77% | 5.0M |
| WCN | White Cliff Minerals Ltd | 0.01 | +30.00% | 46.9M |
Yesterday’s losers
| Code | Name | Price | % Chg | Volume |
|---|---|---|---|---|
| ESK | Etherstack PLC | 1.04 | -40.29% | 28.4M |
| TNR | Torian Resources Ltd | 0.019 | -34.48% | 26.8M |
| VPR | Volt Power Group Ltd | 0.0015 | -25.00% | 59.4M |
| DTR | Dateline Resources Ltd | 0.0015 | -25.00% | 352.0k |
| TUA | Tuas Ltd | 0.51 | -24.44% | 963.3k |
| HPR | High Peak Royalties Ltd | 0.05 | -22.86% | 92.2k |
| DLC | Delecta Ltd | 0.007 | -22.22% | 32.1M |
| CE1 | Calima Energy Ltd | 0.004 | -20.00% | 1.0M |
| BRK | Brookside Energy Ltd | 0.004 | -20.00% | 1.3M |
| NCL | Netccentric Ltd | 0.03 | -17.95% | 30.0k |
| VRC | Volt Resources Ltd | 0.02 | -16.67% | 27.7M |
| MGT | Magnetite Mines Ltd | 0.0025 | -16.67% | 6.8M |
| EN1 | engage:BDR Ltd | 0.005 | -16.67% | 9.9M |
| CRO | Cirralto Ltd | 0.005 | -16.67% | 3.1M |
| CAG | Cape Range Ltd | 0.3 | -15.49% | 178.9k |
| LBT | LBT Innovations Ltd | 0.19 | -15.22% | 4.5M |
| DNA | Donaco International Ltd | 0.03 | -15.00% | 1.2M |
| TKL | Traka Resources Ltd | 0.006 | -14.29% | 825.4k |
| NAE | New Age Exploration Ltd | 0.006 | -14.29% | 10.7M |
| ADV | Ardiden Ltd | 0.006 | -14.29% | 53.3M |
| SIO | Simonds Group Ltd | 0.3 | -14.29% | 20.0k |
| AL8 | Alderan Resources Ltd | 0.13 | -13.79% | 2.9M |
