Coming up on Stockhead today, the case against making smallcap directors personally liable, why Amani Gold got Klaus Eckhof on its team, and why Lithium Australia isn’t so sure about WA’s new battery metals research facility.

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

The day ahead in data

The RBA will release its bi-annual Financial Stability Review at 11:30am AEST, which may provoke some chatter about the housing downturn, corporate debt and the outlook for domestic consumption.

In the Asia-Pacific region there’s trade data for the month of March out of China, while global markets will be watching for the latest Brexit developments with no major data releases scheduled in the US, UK or Europe.

Company news

10 companies are due out of trading halts over the next two days, four today and six on Monday:

Friday:

  • Aus Tin Mining (ASX: ANW) – capital raising.
  • ParaZero (ASX: PRZ) – capital raising.
  • Galena Mining (ASX: G1A) – completion of investment.
  • Integrated Payment Technologies (ASX: IP1) – capital raising.

Monday:

  • Orion Minerals (ASX: ORN) – capital raising.
  • Paradigm Biopharmaceuticals (ASX: PAR) – phase 2b trial secondary endpoints/results.
  • De Grey Mining (ASX: DEG) – exploration results.
  • Perseus Mining (ASX: PRU) – underwriting of warrants expiring on Friday April 19.
  • Open DNA (ASX: OPN) – cap raise.
  • Tinybeans (ASX: TNY) – customer contract.

Commodities

Gold: $US1,292.48 ($1,814.12) -1.19%

Silver: $US14.92 -1.70%

Oil (Brent): $US71.04 -1.12%

Oil (WTI): $US63.65 +2.50%

Coal: $US87.00 +2.21%

Iron ore 62% fe: $US95.65 +1.1%

AUD/USD: $US0.7126

What got you talking yesterday

Group member Mel Culley offered some commentary on the Stockhead Facebook page, regarding an announcement by BHP in response to federal government funding initiatives for Australia’s battery industry.

“This does not mean BHP shares will fly, but more importantly this will keep everyone on their toes watching who takes the plunge first into getting a mega factory up and running,” Culley said.

“This will also lead to the upstream miners providing additional nickel, cobalt, vanadium and lithium for that market. It will be also be prudent to follow developments in other battery possibilities — zinc, vanadium and thermal energy. Exciting times ahead.”

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

Yesterday’s winners

Alloy Resources (ASX: AYR) held its early gains, posting a 50 per cent increase to 0.3 cents after some good news at its Horse Well gold project — a joint venture with Silver Lake Resources.

Alloy said total inferred resources at the Horse Well JV now total 237,800 oz, a 300 per cent increase from previous estimates.

Junior oil & gas explorer Norwest Energy (ASX: NWE) also rose by 50 per cent on no news, while IT security company archTIS Limited (ASX: AR9) boosted higher by almost 40 per cent, two days after releasing its April 2019 investor presentation.

ASX code Company name Price % Chg Market cap Volume
AYR Alloy Resources Ltd 0.003 50% $5,500,000 66.5M
NEW Norwest Energy NL 0.003 50% $480,100,000 1.3M
AR9 Archtis Ltd 0.14 38% $16,600,000 1.2M
ANL Amani Gold Ltd 0.002 33% $7,400,000 15.3M
CVS Cervantes Corp Ltd 0.004 33% $2,000,000 150.0k
RNX Renegade Exploration Ltd 0.004 33% $2,900,000 100.0k
KNL Kibaran Resources Ltd 0.13 30% $36,700,000 432.0k
8CO 8common Ltd 0.07 26% $10,900,000 1.3M
CI1 Credit Intelligence Ltd 0.015 25% $9,800,000 149.0k
LIN Lindian Resources Ltd 0.015 25% $5,300,000 17.2M
SGO Stream Group Ltd 0.01 25% $2,200,000 1.3M
TBL Tambla Ltd 0.011 22% $10,900,000 150.0k
VN8 Vonex Ltd 0.12 21% $17,900,000 109.1k
ARD Argent Minerals Ltd 0.02 21% $11,600,000 4.5M
CXZ Connexion Telematics Ltd 0.013 20% $10,100,000 2.7M
KLH Kalia Ltd 0.003 20% $7,500,000 330.3k

Yesterday’s losers

Gold miner Gladiator Resources (ASX: GLA) was the worst performer on the day, finishing 50 per cent lower at just 0.1 cents per share.

The company came out of a trading halt last week after announcing plans to purchase the Mpokoto gold project in the Democratic Republic of Congo.

And listed renewables play Astivita Ltd (ASX: AIR) slumped by almost 40 per cent to 19 cents, after issuing a Change in Director’s Interest Notice which showed that colourful Brisbane businessman Lez Mizikovsky had sold down 10 million shares in the company.

ASX code Company name Price % Chg Market Cap Volume
GLA Gladiator Resources Ltd 0.001 -50% $2,900,000 3.8M
AIR Astivita Ltd 0.19 -37% $10,200,000 127.6k
BTC BTC Health Ltd 0.08 -35% $9,800,000 10.0k
THD Thred Ltd 0.002 -33% $3,600,000 135.0k
T3D 333D Ltd 0.001 -33% $881,000 167.0k
IEC Intra Energy Corp Ltd 0.02 -30% $8,900,000 3.3M
TMX Terrain Minerals Ltd 0.003 -25% $1,900,000 214.3k
SRO Shareroot Ltd 0.002 -25% $2,400,000 360.0k
MRD Mount Ridley Mines Ltd 0.002 -25% $3,500,000 1.6M
LRS Latin Resources Ltd 0.002 -25% $5,000,000 7.8M
FEL Fe Ltd 0.01 -25% $5,800,000 1.0M
LER Leaf Resources Ltd 0.04 -20% $12,200,000 1.2M
PWN Parkway Minerals NL 0.004 -20% $2,400,000 159.3k
MCT Metalicity Ltd 0.01 -20% $4,800,000 501.0k
ALT Analytica Ltd 0.004 -20% $13,300,000 39.4k