Coming up on Stockhead today, the part of Africa that’s ‘like WA 50 years ago’, who became a substantial holder, and all the news in cannabis stocks you can put in a pipe and smoke.

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

 

The day ahead in data

Not much today, although the budget analysis will roll on, and we are getting every closer to an announcement of an election date.

The Australian Industry Group and Housing Industry Association will release construction data.

 

Company news

No shares being released from escrow today.

Three companies have to come out of a trading halt tomorrow or put themselves in voluntary suspension:

  • Battery Minerals (ASX:BAT) – capital raise
  • DevEx Resources (ASX:DEV) – capital raise
  • First Graphene (ASX:FGR) – capital raise

And the following five companies are due out of a trading halt some time in the next 48 hours:

  • Maximus Resources (ASX:MXR) – corporate transaction
  • Seafarms Group (ASX:SFG) – capital raise
  • Blaze International (ASX:BLZ) – acquisition
  • Antipa Minerals (ASX:AZY) – capital raise
  • Cassini Resources (ASX:CZI) – capital raise

 

Commodities

Gold: $US1287.97 ($1,810.54) +0.24%

Silver: $US15.09 +0.13%

Oil (Brent): $US69.46 -0.05%

Oil (WTI): $US62.29 -0.32%

Coal: $US79.00 -3.54%

Iron ore 62% fe: $US89.50 +2.26%

AUD/USD: $US0.7115

 

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What got you talking

Resources editor Angie East had a budget backlash yarn, exploring the pain points of Tuesday night’s federal budget, which created interest on the Stockhead Facebook chat forum.

Member Mel Culley pointed out the difference in tax paid between some of Australia’s biggest companies with the average Australian worker. We’re sure you can guess who paid more, but jump on the forum if you can’t.

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

 

Yesterday’s winners

News that Florida’s Department of Education had approved KNeoMedia’s (ASX:KNM) KneoWorld as a partner product sent the tech company’s shares up 56 per cent to 3c at close.

KNeoMedia chief James Kellett told investors this access to funding had previously roadblocked the company from significant expansion.

Matador Mining (ASX:MZZ) raised $5 million to be used in the upcoming exploration season, as well as announcing that it would acquire a 100 per cent stake in the Cape Gray gold project.

That pushed shares up 39 per cent to 26.5c.

The day’s biggest winner, RMG (ASX:RMG), rose 86 per cent to 1.3c on no news.

ASX code Company Name Price Percentage Change Market Cap Volume
RMG RMG Ltd 0.013 86% $8,000,000 100.0k
TKM Trek Metals Ltd 0.008 60% $2,500,000 5.4M
KNM KneoMedia Ltd 0.03 56% $19,000,000 10.8M
CGM Cougar Metals NL 0.002 50% $1,600,000 341.7k
CLZ Classic Minerals Ltd 0.002 50% $4,500,000 8.6M
GCR Golden Cross Resources Ltd 0.04 48% $4,100,000 12.5k
MZZ Matador Mining Ltd 0.26 39% $14,300,000 1.2M
GLV Global Vanadium Ltd 0.004 33% $11,300,000 3.4M
IAM Intiger Group Ltd 0.008 33% $13,400,000 3.7M
WZR Wisr Ltd 0.1 29% $64,800,000 10.2M
DCC DigitalX Ltd 0.07 26% $35,200,000 53.4M
AYR Alloy Resources Ltd 0.003 25% $3,900,000 5.1M
MNC Metminco Ltd 0.003 25% $3,000,000 170.0k
PWN Parkway Minerals NL 0.005 25% $3,000,000 1.0M
SBR Sabre Resources Ltd 0.005 25% $2,000,000 100.1k
SMI Santana Minerals Ltd 0.005 25% $3,200,000 300.0k
GSW GetSwift Ltd 0.26 20% $49,000,000 2.7M
GTE Great Western Exploration Ltd 0.006 20% $5,800,000 1.2M
PPY Papyrus Australia Ltd 0.006 20% $1,200,000 3.1k

 

Yesterday’s losers

There was little movement on company news yesterday, with all the biggest falls occurring at the very small end of the market.

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!