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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Amazon’s taking bigger bites in Australia, cycling makes its ASX debut and suddenly – silica sand!
But first…
The day ahead
The following companies are in trading halts and are expected out in the next two trading days:
TODAY
Comet Resources (ASX:CRL) – project financing
Cann Group (ASX:CAN) – investigation
Little Green Pharma (ASX:LGP) – capital raising
Jadar Resources (ASX:JDR) – acquisition
Metals X (ASX:MLX) – sale of copper assets
Lindian Resources (ASX:LIN) – MOU
MSM Corporation (ASX:MSM) – proposed transaction
Vonex (ASX:VN8) – clarification
WEDNESDAY
Victory Mines (ASX:VIC) – drilling results
Kin Mining (ASX:KIN) – capital raising
Wellfully (ASX:WFL) – capital raising
Brookside Energy (ASX:BRK) – capital raising
Stonehouse Energy (ASX:SHE) – capital raising
CV Check (ASX:CV1) – acquisition & capital raising
Avecho Biotechnology (ASX:AVE) – capital raising
Markets
Gold: $US1,832.56 ($2,378.66) (+1.16%)
Silver: $US27.46 ($35.64) (+2.36%)
Oil (WTI): $US57.97 (+1.97%)
Oil (Brent): $US60.58 (+2.09%)
Coal: $UW82.00 (+0.61%)
Iron 62pc Fe: $US156.10 (+1.43%)
AUD/USD: $US0.7704 (+0.38%)
Bitcoin: $US42,898.32 (+11.67%)
What got you talking yesterday?
Dogecoin just hit another record after a couple of Elon Musk and Snoop Dogg tweets. Oh, and buckle up – the commodities super cycle could be here.
Many market experts are seeing the early signs of a new super cycle in commodities, including iron ore, that could equal the wild ride that prices experienced in the 1970s and 2000s. https://t.co/d2fWrdU2zW #ASX #ironore #commodities $BHP $FMG $MGT $RIO pic.twitter.com/0fm1efFdmk
— Stockhead (@StockheadAU) February 7, 2021
Yesterday’s winners
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| NGY | Nuenergy Gas Ltd | 0.078 | 160 | 28364817 |
| FRX | Flexiroam Limited | 0.086 | 95 | 233896422 |
| TRM | Truscott Mining Corp | 0.029 | 53 | 520000 |
| AGS | Alliance Resources | 0.235 | 52 | 1147700 |
| CCE | Carnegie Cln Energy | 0.003 | 50 | 77117318 |
| KTE | K2 Energy Ltd | 0.076 | 43 | 8916487 |
| FGL | Frugl Group Limited | 0.083 | 36 | 26182311 |
| PGY | Pilot Energy Ltd | 0.066 | 35 | 4223905 |
| MPR | Mpower Group Limited | 0.105 | 35 | 1452967 |
| EX1 | Exopharm Limited | 0.82 | 34 | 5344885 |
| NPM | Newpeak Metals | 0.004 | 33 | 13991620 |
| VPR | Volt Power Group | 0.004 | 33 | 6065746 |
| XST | Xstate Resources | 0.016 | 33 | 134839058 |
| IXU | Ixup Limited | 0.13 | 33 | 5149528 |
| CBY | Canterbury Resources | 0.13 | 30 | 2762557 |
| KRM | Kingsrose Mining Ltd | 0.055 | 28 | 10851178 |
| GGX | Gas2Grid Limited | 0.007 | 27 | 11207919 |
| NZS | New Zealand Coastal | 0.035 | 25 | 22725950 |
| ROO | Roots Sustainable | 0.025 | 25 | 47269013 |
| ARO | Astro Resources NL | 0.005 | 25 | 16790665 |
| MLS | Metals Australia | 0.0025 | 25 | 6880875 |
| MSI | Multistack Internat. | 0.02 | 25 | 1049983 |
Several ASX stocks copped price queries led by NuEnergy Gas (ASX:NGY) which finished up 157 per cent.
The company said it had nothing to report and the approval of its Tanjung Enim gas project in Indonesia was still in progress.
The PNG Mineral Resources Authority just granted Canterbury Resources’ (ASX:CBY) exploration license, which includes an existing 3.16 million ounce gold and 762,000 tonne copper resource. Whoa.
Diversified renewable energy play MPower (ASX:MPR) climbed thanks to its half yearly financial results.
Yesterday’s losers
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| CLZ | Classic Min Ltd | 0.001 | -33 | 30895025 |
| ANW | Aus Tin Mining | 0.0015 | -25 | 34835078 |
| EMP | Emperor Energy Ltd | 0.053 | -21 | 20596119 |
| XPE | Xped Limited | 0.002 | -20 | 3963005 |
| OZM | Ozaurum Resources | 0.205 | -18 | 3709811 |
| AVW | Avira Resources Ltd | 0.005 | -17 | 499999 |
| TIA | Tian An Aust Limited | 0.28 | -15 | 1520 |
| CMD | Cassius Mining Ltd | 0.017 | -15 | 500881 |
| ACW | Actinogen Medical | 0.023 | -15 | 29410156 |
| JRL | Jindalee Resources | 1.7 | -13 | 174871 |
| ALT | Analytica Limited | 0.0035 | -13 | 1096500 |
| ANA | Ansila Energy | 0.028 | -13 | 31618182 |
| DDT | DataDot Technology | 0.007 | -13 | 692746 |
| RMX | Red Mount Min Ltd | 0.014 | -13 | 30572522 |
| SFM | Santa Fe Minerals | 0.105 | -13 | 22226 |
| CUL | Cullen Resources | 0.021 | -13 | 1010490 |
| CFO | Cfoam Limited | 0.029 | -12 | 6021566 |
| BIR | BIR Financial Ltd | 0.022 | -12 | 17400 |
| CGN | Crater Gold Min Ltd | 0.022 | -12 | 95400 |
| XAM | Xanadu Mines Ltd | 0.03 | -12 | 6211856 |
| M24 | Mamba Exploration | 0.27 | -11 | 1763448 |
Biotech Actinogen (ASX:ACW) announced CEO Bill Ketelbey had quit after six years at the helm.
