Good morning and happy Monday. On Stockhead today, should companies that don’t have women on their boards be blocked from an IPO, who’s bought nearly a quarter of Astivita, and has crowdfunding in Australia come of age?

Here’s what you need to know about the week ahead.

The week ahead in data

Key data in Australia will be led by March employment figures on Thursday (11:30am AEST).

The median forecast is for 15,000 jobs to be added, with the unemployment rate to hold at 5 per cent. Amid slowing economic growth and low inflation, the health of Australia’s jobs market is now seen as the key guide on whether the RBA will cut interest rates later this year.

Also in Australia this week, the RBA will release the minutes from its April meeting on Tuesday (11:30am AEST).

Looking abroad, there’s a number of speakers from the US Fed scheduled throughout the week. And China will release a March data deluge on Wednesday, with fixed asset investment and industrial production numbers, along with retail sales and Q1 GDP (forecast annual growth of 6.3 per cent).

Company news

No less than 12 ASX companies are scheduled to be in trading halts to start the week — six on Monday and six on Tuesday:

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

Tuesday:

  • Marmota (ASX: MEU) – capital raising
  • Altech Chemicals (ASX: ATC) – capital raising
  • Arafura Resources (ASX: ARU) – capital raising
  • Tando Resources (ASX: TNO) – finalisation of mineral resource update
  • Predictive Discovery (ASX: PDI) – capital raising
  • Tomizone (ASX: TOM) – acquisition

Commodities

Gold: $US1,290.30 ($1,797.76) -0.16%

Silver: $US14.94 -0.06%

Oil (Brent): $US71.32 -0.34%

Oil (WTI): $US63.79 -0.16%

Coal: $US87.13 +0.15%

Iron ore 62% fe: $US93.79 +0.20

AUD/USD: $US0.7176

What got you talking last week

There was a bit of interest around the pending IPO for Sezzle, the latest buy now, pay later payments platform that’s expected to hit the ASX boards within the next few months.

“Will be interesting to see if there will be the same growth as afterpay shares or if its the “uber” of the market…”, group member Fleur Combridge said.

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

Last week’s winners

Diversified industrials play AJ Lucas (ASX:AJL) climbed by almost 70 per cent, after three straight days of double-digit percentage gains.

There were no major announcements from the company for traders to respond to, although on the previous Wednesday AJL told the market it had renegotiated the terms of a debt funding agreement with its Singapore-based financier.

AJL said the deferral of its debt obligation will allow the company to retain its Lucas Drilling division, which it says is “well positioned to take advantage of the improvement in the East Coast coal market”.

Here are the best performing ASX small cap stocks for April 8-12 (prices as at 2pm Friday, eastern time).

Ticker Name Market cap Price last Friday Price this Friday % change
AJL AJ LUCAS GROUP LTD $116,265,072.00 0.092 0.155 68
8CO 8COMMON LTD $10,493,974.00 0.05 0.08 60
ARD ARGENT MINERALS LTD $11,633,700.00 0.014 0.022 57
NWC NEW WORLD COBALT LTD $9,375,800.00 0.011 0.017 55
RXL ROX RESOURCES LTD $13,846,586.00 0.008 0.012 50
CYQ CYCLIQ GROUP LTD $2,860,537.25 0.002 0.003 50
VAL VALOR RESOURCES LTD $5,679,577.00 0.002 0.003 50
VAR VARISCAN MINES LTD $1,906,610.38 0.001 0.0015 50
RXH REWARDLE HOLDINGS LTD $1,578,964.50 0.002 0.003 50
QGL QUANTUM GRAPHITE LTD $22,687,282.00 0.002 0.003 50
IVX INVION LTD $143,015,760.00 0.017 0.025 47
AAU ADCORP AUSTRALIA LTD $4,550,745.50 0.007 0.01 43
DVL DORSAVI LTD $11,628,957.00 0.04 0.057 43
NET NETLINKZ LTD $152,311,168.00 0.081 0.0115 42
RFT RECTIFIER TECHNOLOGIES LTD $62,877,428.00 0.035 0.049 40
SP3 SPECTUR LTD $7,591,809.50 0.097 0.135 39
RHT RESONANCE HEALTH LTD $50,312,196.00 0.09 0.125 39
KIS KING ISLAND SCHEELITE LTD $23,574,806.00 0.065 0.09 38
AEI AERIS ENVIRONMENTAL LTD $43,408,036.00 0.16 0.22 38
REY REY RESOURCES LTD $53,096,316.00 0.19 0.26 37
VAN VANGO MINING LTD $110,435,648.00 0.14 0.19 36
DRO DRONESHIELD LTD $25,139,240.00 0.1 0.135 35
B2Y BOUNTY MINING LTD $44,292,288.00 0.086 0.115 34
ANL AMANI GOLD LTD $7,380,455.00 0.0015 0.002 33
IVO INVIGOR GROUP LTD $10,377,550.00 0.003 0.004 33
TSC TWENTY SEVEN CO LTD $3,568,245.25 0.003 0.004 33
SI6 SIX SIGMA METALS LTD $1,830,012.63 0.003 0.004 33
AOA AUSMON RESOURCES LTD $2,198,557.25 0.003 0.004 33
ROG RED SKY ENERGY LTD $3,339,626.50 0.003 0.004 33
REV REAL ESTATE INVESTAR GROUP L $1,865,640.88 0.006 0.008 33
RNX RENEGADE EXPLORATION LTD $2,850,506.50 0.003 0.004 33
HHM HAMPTON HILL MINING NL $5,896,107.50 0.015 0.02 33
UNL UNITED NETWORKS LTD $2,516,499.00 0.015 0.02 33
EM2 EAGLE MOUNTAIN MINING LTD $18,505,320.00 0.15 0.2 33
PLL PIEDMONT LITHIUM LTD $107,260,856.00 0.125 0.165 32
LNY LANEWAY RESOURCES LTD $55,200,988.00 0.011 0.015 32
IHR INTELLIHR HOLDINGS LTD $15,450,283.00 0.11 0.145 32
AR9 ARCHTIS LTD $16,618,093.00 0.11 0.145 32
BRI BIG RIVER INDUSTRIES LTD $70,018,016.00 1.01 1.32 31
AGR AGUIA RESOURCES LTD $28,797,152.00 0.135 0.175 30

 

Last week’s winners

It was a rough week for the minnows, as embattled 3D printing company 333D Limited (ASX:T3D) lost half its value to fall to 0.1 cents per share.

Graphite play Metals Australia (ASX:MLS), which is developing the Lac Rainy project in Quebec, Canada also lost 50 per cent to fall to 0.1 cents. The company hit a recent high of 3.5 cents per share last November and is down from a 12-month high of 1.1 cents.

Of the 33 companies that posted a weekly loss of more than 20 per cent, just five of them had a market capitalisation of more than $10 million.

Here are the worst performing ASX small cap stocks for April 8-12 (prices as at 2pm Friday, eastern time).

Ticker Name Market cap Price last Friday Price this Friday % change
MLS METALS AUSTRALIA LTD $4,037,696.75 0.002 0.001 -50
T3D 333D LTD $881,226.19 0.002 0.001 -50
IS3 I SYNERGY GROUP LIMITED $24,714,192.00 0.23 0.135 -41
SBR SABRE RESOURCES LTD $1,220,920.88 0.005 0.003 -40
NME NEX METALS EXPLORATION LTD $2,097,255.00 0.018 0.011 -39
BTC BTC HEALTH LTD $9,772,240.00 0.12 0.075 -35
GBZ GBM RESOURCES LTD $4,362,388.00 0.006 0.004 -33
AJC ACACIA COAL LTD $4,067,651.75 0.0015 0.001 -33
EER EAST ENERGY RESOURCES LTD $6,401,974.00 0.003 0.002 -33
APG AUSTPAC RESOURCES NL $2,095,481.75 0.0015 0.001 -33
CLZ CLASSIC MINERALS LTD $3,005,720.00 0.0015 0.001 -33
LIN LINDIAN RESOURCES LTD $5,667,182.00 0.019 0.013 -32
GCR GOLDEN CROSS RESOURCES LTD $2,845,422.25 0.04 0.028 -30
NTI NEUROTECH INTERNATIONAL LTD $1,085,951.00 0.01 0.007 -30
AXT ARGO EXPLORATION LTD $1,829,700.00 0.014 0.01 -29
TKM TREK METALS LTD $1,561,518.13 0.007 0.005 -29
AMT ALLEGRA ORTHOPAEDICS LTD $9,955,905.00 0.14 0.10 -29
ENT ENTERPRISE METALS LTD $3,612,714.75 0.012 0.009 -25
PDI PREDICTIVE DISCOVERY LTD $2,125,278.50 0.012 0.009 -25
AZI ALTA ZINC LTD $4,106,897.00 0.004 0.003 -25
MRD MOUNT RIDLEY MINES LTD $3,499,296.50 0.002 0.0015 -25
TMX TERRAIN MINERALS LTD $1,931,196.00 0.004 0.003 -25
BUY BOUNTY OIL & GAS NL $3,813,604.00 0.004 0.003 -25
TOM TOMIZONE LTD $1,275,602.00 0.004 0.003 -25
SRO SHAREROOT LTD $2,354,181.50 0.002 0.0015 -25
NGY NUENERGY GAS LTD $22,214,332.00 0.02 0.015 -25
IXU IXUP LTD $14,259,938.00 0.119999997 0.090000004 -25
OLH OLDFIELDS HOLDINGS LTD $3,780,105.00 0.061000001 0.046 -25
HWK HAWKSTONE MINING LTD $7,984,452.00 0.017000001 0.013 -24
WEL WINCHESTER ENERGY LTD $14,092,091.00 0.044 0.034000002 -23
GBR GREAT BOULDER RESOURCES LTD $8,569,062.00 0.135000005 0.104999997 -22
OXX OCTANEX LTD $1,908,990.63 0.009 0.007 -22
AHL AHALIFE HOLDINGS LTD $4,706,524.50 0.009 0.007 -22
DSE DROPSUITE LTD $16,785,138.00 0.043000001 0.034000002 -21