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 codeCompany NamePricePercentage ChangeMarket CapVolume
GPP Greenpower Energy Ltd0.00350%$4,700,0001.7M
HCH Hot Chili Ltd0.0333%$29,600,0006.7M
BUY Bounty Oil & Gas NL0.00433%$3,800,0001.2M
EMP Emperor Energy Ltd0.00433%$3,900,000547.5k
FGF First Growth Funds Ltd0.00833%$10,900,00012.6M
MRD Mount Ridley Mines Ltd0.00233%$4,700,000500.0k
KPL Kina Petroleum Ltd0.0630%$21,800,000369.6k
DW8 Digital Wine Ventures Ltd0.00525%$3,500,00045.0k
XPD XPD Soccer Gear Group Ltd0.0225%$8,800,000835.7k
DCC DigitalX Ltd0.0624%$27,600,0006.0M
4CE Force Commodities Ltd0.01122%$4,700,0001.9M
JRV Jervois Mining Ltd0.2822%$63,600,0002.0M
JRL Jindalee Resources Ltd0.2720%$9,100,00032.1k
CTM Centaurus Metals Ltd0.00620%$14,900,00011.5M
DHR Dark Horse Resources Ltd0.00620%$11,900,0003.6M
ELT Elementos Ltd0.00620%$9,200,0002.1M
IAM Intiger Group Ltd0.00620%$10,100,00018.1M
RFN Reffind Ltd0.00620%$3,100,0003.5M
TYX Tyranna Resources Ltd0.00620%$5,700,000959.4k

 

Yesterday’s losers

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

ASX codeCompany NamePricePercentage ChangeMarket CapVolume
RMG RMG Ltd0.007-36%$4,300,00012.4k
AHK ARK Mines Ltd0.012-33%$614,000174.4k
NES Nelson Resources Ltd0.07-26%$3,200,00088.2k
TSC Twenty Seven Co Ltd0.003-25%$2,700,0002.6k
GLV Global Vanadium Ltd0.003-25%$11,300,0003.6M
CYQ Cycliq Group Ltd0.003-25%$2,900,0007.9M
UUV UUV Aquabotix Ltd0.01-21%$2,600,0001.6M
TAR Taruga Minerals Ltd0.04-20%$5,600,000314.1k
QEM QEM Ltd0.1-20%$9,600,000139.5k
QGL Quantum Graphite Ltd0.002-20%$15,100,000450.0k
MSE Metalsearch Ltd0.004-20%$1,900,000450.0k
MNC Metminco Ltd0.002-20%$2,400,00014.0k
ICG Inca Minerals Ltd0.004-20%$12,100,00012.6M
CTO Citigold Corp Ltd0.004-20%$8,600,00058.0k
AGR Aguia Resources Ltd0.11-19%$17,300,0001.2M
IVR Investigator Resources Ltd0.009-18%$6,700,0002.4M
IOD IODM Ltd0.03-18%$14,000,000115.0k
CGS Cogstate Ltd0.19-17%$22,600,00088.0k
TV2 TV2U International Ltd0.005-17%$10,800,0002.6M

 

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