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

 

Want this headstart in your inbox every morning at 8am? Go on. Subscribe here. It’s free

 

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 codeCompany namePrice% ChgMarket capVolume
NTINeurotech International Ltd0.03+237.50%$3,900,00041.0M
MRRMinrex Resources Ltd0.02+69.23%$2,100,000218.2k
EPMEclipse Uranium Ltd0.003+50.00%$3,400,000320.0k
KLHKalia Ltd0.003+50.00%$7,500,0002.1M
AXTArgo Exploration Ltd0.014+40.00%$2,600,0002.0M
ABVAdvanced Braking Technology Lt0.012+33.33%$3,600,000605.0k
BUYBounty Oil & Gas NL0.004+33.33%$3,800,0001.3M
GLAGladiator Resources Ltd0.002+33.33%$2,900,0003.3M
IAMIntiger Group Ltd0.008+33.33%$13,400,0007.9M
LRSLatin Resources Ltd0.002+33.33%$6,700,00010.7M
SRNSurefire Resources NL0.004+33.33%$1,800,000500.0k
AEIAeris Environmental Ltd0.36+33.33%$76,200,000877.1k
AOAAusmon Resources Ltd0.005+25.00%$2,700,000200.0k
MXCMGC Pharmaceuticals Ltd0.05+23.81%$63,100,00053.4M
K2FK2FLY Ltd0.15+20.00%$10,000,00070.0k
CZRCoziron Resources Ltd0.012+20.00%$21,400,000150.0k
MMRMEC Resources Ltd0.006+20.00%$2,400,000208.8k
TKMTrek Metals Ltd0.006+20.00%$1,900,000468.0k
IGNIgnite Ltd0.07+19.35%$6,600,000210.0k

 

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 codeCompany namePrice% ChgMarket CapVolume
CADCaeneus Minerals Ltd0.001-50.00%$1,900,00096.0M
SRHSaferoads Holdings Ltd0.19-36.67%$6,900,000198.5k
T3D333D Ltd0.002-33.33%$1,800,0002.0M
MRDMount Ridley Mines Ltd0.001-33.33%$2,300,00050.0k
FTCFinTech Chain Ltd0.1-31.43%$60,500,000684.0k
VALValor Resources Ltd0.003-25.00%$5,700,000930.0k
SROShareroot Ltd0.002-25.00%$2,400,0005
SMISantana Minerals Ltd0.003-25.00%$2,000,000100.0k
RNZRenegade Exploration Ltd0.003-25.00%$2,100,0002.7M
MZNMarindi Metals Ltd0.003-25.00%$6,300,0004.6M
MSRManas Resources Ltd0.003-25.00%$7,900,0002.3M
DREDreadnought Resources Ltd0.003-25.00%$3,200,0004.0k
MDIMiddle Island Resources Ltd0.01-22.22%$7,300,000200.0k
MRQMRG Metals Ltd0.004-20.00%$3,300,0001.9M
DTRDateline Resources Ltd0.002-20.00%$15,900,0003.6M
BASBass Oil Ltd0.002-20.00%$5,200,000500.0k
AGDAustral Gold Ltd0.07-17.65%$37,400,00031.6k
MOBMobilicom Ltd/Australia0.13-16.67%$27,200,000630.5k
VICVictory Mines Ltd0.003-16.67%$3,100,000165.0k

 

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