Coming up on Stockhead today, Australia’s VC-funded startups set to face their reckoning, 500 million shares flood the ASX, and how did pot become a luxury status symbol?

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

 

The day ahead in data

March employment figures today, at 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 Reserve Bank of Australia will cut interest rates later this year.

 

Company news

No shares out of escrow today, though the following seven companies are due out of a trading halt in the next 48 hours:

Today:

  • Tietto Minerals (ASX:TIE) – capital raising
  • Family Zone Cyber Safety (ASX:FZO) – capital raising
  • IPB Petroleum (ASX:IPB) – capital raising
  • Cardinal Resources (ASX:CDV) – release of addenum to 3 April release
  • 9 Spokes (ASX:9SP) – capital raising
  • Dotz Nano (ASX:DTZ) – capital raising
  • PNX Metals (ASX:PNX) – capital raising

Next Tuesday 23 April (public holidays, baby!):

  • Pure Alumina (ASX:PUA) – capital raising
  • Apollo Consolidated (ASX:AOP) – capital raising
  • Bryah Resources (ASX:BYH) – joint venture update
  • Roto-Gro International (ASX:RGI) – capital raising
  • P2P Transport (ASX:P2P) – trading update & preparation of cash flow statement

 

Commodities

Gold: $US1,275.91 ($1,778.49) -0.21%

Silver: $US14.99 no change

Oil (Brent): $US71.75 -0.15%

Oil (WTI): $US63.87 -0.47%

Coal: $US87.88 +0.84%

Iron ore 62% fe: $US93.44 -0.56%

AUD/USD: $US0.7175

 

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What got you talking yesterday

Vanadium prices got people talking on the Stockhead Facebook chat forum. All the chat was this story about why high vanadium prices aren’t necessarily a good thing.

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

 

 

Yesterday’s winners

New board appointments was all it took for Neurotech (ASX:NTI) shares to rocket a phenomenal 238 per cent to a close of 3c on Wednesday.

Three new people were hired — soon after a reveal that one of its strategic advisers had lied about his qualifications.

A Chinese deal moved MGC Pharmaceuticals (ASX:MXC) shares 24 per cent to 5c at close, six-month highs.

YuShop will sell MGC Pharma’s range of Nutraceutical products.

Shares in MinRex Resources (ASX:MRR) were up 69 per cent to 2c on no news.

ASX code Company name Price % Chg Market cap Volume
NTI Neurotech International Ltd 0.03 +237.50% $3,900,000 41.0M
MRR Minrex Resources Ltd 0.02 +69.23% $2,100,000 218.2k
EPM Eclipse Uranium Ltd 0.003 +50.00% $3,400,000 320.0k
KLH Kalia Ltd 0.003 +50.00% $7,500,000 2.1M
AXT Argo Exploration Ltd 0.014 +40.00% $2,600,000 2.0M
ABV Advanced Braking Technology Lt 0.012 +33.33% $3,600,000 605.0k
BUY Bounty Oil & Gas NL 0.004 +33.33% $3,800,000 1.3M
GLA Gladiator Resources Ltd 0.002 +33.33% $2,900,000 3.3M
IAM Intiger Group Ltd 0.008 +33.33% $13,400,000 7.9M
LRS Latin Resources Ltd 0.002 +33.33% $6,700,000 10.7M
SRN Surefire Resources NL 0.004 +33.33% $1,800,000 500.0k
AEI Aeris Environmental Ltd 0.36 +33.33% $76,200,000 877.1k
AOA Ausmon Resources Ltd 0.005 +25.00% $2,700,000 200.0k
MXC MGC Pharmaceuticals Ltd 0.05 +23.81% $63,100,000 53.4M
K2F K2FLY Ltd 0.15 +20.00% $10,000,000 70.0k
CZR Coziron Resources Ltd 0.012 +20.00% $21,400,000 150.0k
MMR MEC Resources Ltd 0.006 +20.00% $2,400,000 208.8k
TKM Trek Metals Ltd 0.006 +20.00% $1,900,000 468.0k
IGN Ignite Ltd 0.07 +19.35% $6,600,000 210.0k

 

Yesterday’s losers

An interesting loser yesterday was Paradigm Biopharmaceuticals (ASX:PAR).

Shares fell 8 per cent to $1.74 at close, despite the company announcing a successful raise of $61.3 million, with more funds to follow.

Even big AFL names like Chris Judd and Leo Barry have tipped in, as per the AFR.

But analysts have raised concerns, calling into question the company’s strategy.

ASX code Company name Price % Chg Market Cap Volume
CAD Caeneus Minerals Ltd 0.001 -50.00% $1,900,000 96.0M
SRH Saferoads Holdings Ltd 0.19 -36.67% $6,900,000 198.5k
T3D 333D Ltd 0.002 -33.33% $1,800,000 2.0M
MRD Mount Ridley Mines Ltd 0.001 -33.33% $2,300,000 50.0k
FTC FinTech Chain Ltd 0.1 -31.43% $60,500,000 684.0k
VAL Valor Resources Ltd 0.003 -25.00% $5,700,000 930.0k
SRO Shareroot Ltd 0.002 -25.00% $2,400,000 5
SMI Santana Minerals Ltd 0.003 -25.00% $2,000,000 100.0k
RNZ Renegade Exploration Ltd 0.003 -25.00% $2,100,000 2.7M
MZN Marindi Metals Ltd 0.003 -25.00% $6,300,000 4.6M
MSR Manas Resources Ltd 0.003 -25.00% $7,900,000 2.3M
DRE Dreadnought Resources Ltd 0.003 -25.00% $3,200,000 4.0k
MDI Middle Island Resources Ltd 0.01 -22.22% $7,300,000 200.0k
MRQ MRG Metals Ltd 0.004 -20.00% $3,300,000 1.9M
DTR Dateline Resources Ltd 0.002 -20.00% $15,900,000 3.6M
BAS Bass Oil Ltd 0.002 -20.00% $5,200,000 500.0k
AGD Austral Gold Ltd 0.07 -17.65% $37,400,000 31.6k
MOB Mobilicom Ltd/Australia 0.13 -16.67% $27,200,000 630.5k
VIC Victory Mines Ltd 0.003 -16.67% $3,100,000 165.0k

 

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