All budgeted out? Don’t worry: coming up on Stockhead today, uh… everything you need to know about what’s in store for ASX small caps from last night’s Budget.

Also, the top 50 small cap miners and explorers right now, and dairy formula stocks are coming back.

But first, here’s what you need to know right now:

 

The day ahead in data

Not a heap, though plenty of budget analysis will continue. What were your thoughts? Jump in on the chat at our Facebook page.

Today the Australian Bureau of Statistics releases data on retail sales, imports and exports.

 

Company news

Just one company releasing shares from escrow today: Bounty Mining (ASX:B2Y), with 2.3 million.

14 companies may come out of a trading halt in the next 24-48 hours:

  • KneoMedia (ASX:KNM) – commercial partnership
  • Syntonic (ASX:SYT) – capital raising
  • Animoca Brands (ASX:AB1) – capital raising
  • Matador Mining (ASX:MZZ) – capital raising/acquisition
  • Corazon Mining (ASX:CZN) – capital raising
  • Dubber Corp (ASX:DUB) – capital raising
  • Hastings Technology (ASX:HAS) – capital raising
  • Marindi Metals (ASX:MZN) – capital raising
  • Kalium Lakes (ASX:KLL) – capital raising
  • Battery Minerals (ASX:BAT) – capital raising
  • DevEx Resources (ASX:DEV) – capital raising
  • Spirit Telecom (ASX:ST1) – acquisition
  • Norwest Energy (ASX:NWE) – fundraising and board changes
  • First Graphene (ASX:FGR) – capital raising

Spirit Telecom investors could be forgiven for being a little confused. The company went into a trading halt pending the release of an announcement about an acquisition; it then announced that it was rejecting a bid to acquire it by Uniti Wireless (ASX:UWL), but it is yet to make an announcement about the acquisition of an unlisted company.

Commodities

Gold: $US1,292.91 ($1,830.06) +0.28%

Silver: $US15.10 -0.10%

Oil (Brent): $US69.37 +0.71%

Oil (WTI): $US62.83 +1.82%

Coal: $US82.25 -1.00%

Iron ore 62% fe: $US87.52 +2.12%

AUD/USD: $US0.7065

 

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What got you talking yesterday

The market for oil and gas drilling rigs is tightening and Key Petroleum (ASX:KEY) MD Kane Marshall is hoping this is the start of a positive year for Australian oil companies. Join us on the Stockhead Facebook chat forum,

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Tuesday:

 

Yesterday’s winners

Kina Petroleum (ASX:KPL) shares rose 30 per cent to 6c after the company announced that the Papua New Guinean government had approved a scheme of arrangement to re-domicile the company to the British Virgin Islands.

It will be delisted from the ASX in two weeks time.

XPD Soccer Gear Group (ASX:XPD) continued to move off the back of its annual report, released yesterday, rising 25 per cent to 2c.

And Jervois Mining (ASX:JRV) rose 22 per cent to 28c, on the back of an acquisition of eCobalt, creating New Jervois, a company with Australian, East Africa and US projects.

ASX code Company Name Price Percentage Change Market Cap Volume
GPP Greenpower Energy Ltd 0.003 50% $4,700,000 1.7M
HCH Hot Chili Ltd 0.03 33% $29,600,000 6.7M
BUY Bounty Oil & Gas NL 0.004 33% $3,800,000 1.2M
EMP Emperor Energy Ltd 0.004 33% $3,900,000 547.5k
FGF First Growth Funds Ltd 0.008 33% $10,900,000 12.6M
MRD Mount Ridley Mines Ltd 0.002 33% $4,700,000 500.0k
KPL Kina Petroleum Ltd 0.06 30% $21,800,000 369.6k
DW8 Digital Wine Ventures Ltd 0.005 25% $3,500,000 45.0k
XPD XPD Soccer Gear Group Ltd 0.02 25% $8,800,000 835.7k
DCC DigitalX Ltd 0.06 24% $27,600,000 6.0M
4CE Force Commodities Ltd 0.011 22% $4,700,000 1.9M
JRV Jervois Mining Ltd 0.28 22% $63,600,000 2.0M
JRL Jindalee Resources Ltd 0.27 20% $9,100,000 32.1k
CTM Centaurus Metals Ltd 0.006 20% $14,900,000 11.5M
DHR Dark Horse Resources Ltd 0.006 20% $11,900,000 3.6M
ELT Elementos Ltd 0.006 20% $9,200,000 2.1M
IAM Intiger Group Ltd 0.006 20% $10,100,000 18.1M
RFN Reffind Ltd 0.006 20% $3,100,000 3.5M
TYX Tyranna Resources Ltd 0.006 20% $5,700,000 959.4k

 

Yesterday’s losers

Plenty of movement, as you can see below, but very little in the way of news-based.

ASX code Company Name Price Percentage Change Market Cap Volume
RMG RMG Ltd 0.007 -36% $4,300,000 12.4k
AHK ARK Mines Ltd 0.012 -33% $614,000 174.4k
NES Nelson Resources Ltd 0.07 -26% $3,200,000 88.2k
TSC Twenty Seven Co Ltd 0.003 -25% $2,700,000 2.6k
GLV Global Vanadium Ltd 0.003 -25% $11,300,000 3.6M
CYQ Cycliq Group Ltd 0.003 -25% $2,900,000 7.9M
UUV UUV Aquabotix Ltd 0.01 -21% $2,600,000 1.6M
TAR Taruga Minerals Ltd 0.04 -20% $5,600,000 314.1k
QEM QEM Ltd 0.1 -20% $9,600,000 139.5k
QGL Quantum Graphite Ltd 0.002 -20% $15,100,000 450.0k
MSE Metalsearch Ltd 0.004 -20% $1,900,000 450.0k
MNC Metminco Ltd 0.002 -20% $2,400,000 14.0k
ICG Inca Minerals Ltd 0.004 -20% $12,100,000 12.6M
CTO Citigold Corp Ltd 0.004 -20% $8,600,000 58.0k
AGR Aguia Resources Ltd 0.11 -19% $17,300,000 1.2M
IVR Investigator Resources Ltd 0.009 -18% $6,700,000 2.4M
IOD IODM Ltd 0.03 -18% $14,000,000 115.0k
CGS Cogstate Ltd 0.19 -17% $22,600,000 88.0k
TV2 TV2U International Ltd 0.005 -17% $10,800,000 2.6M

 

That’s all you need to know. Go go go!