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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, blistering barnacles – the LME is running out of tin! Also, why orphan drugs are such a big deal, and the ASX telco stocks that could be ‘targets for consolidation’.
But first…
The day ahead
The All Ordinaries index of small to mid-cap ASX shares surrendered some of its gains Wednesday to close at 7,158 points, down 0.4 per cent on the day.
Mid-week saw several important ASX companies report earnings results including supermarket group Coles and iron ore miner Rio Tinto.
America’s main stock indexes continue to trade at near record levels with the blue chip Dow Jones index at 31,522 points at its Tuesday close.
US oil prices ticked over the $US60 per barrel mark for the West Texas crude benchmark.
Lead cryptocurrency Bitcoin had another good day, rising to $64,000 in Australian currency, ($US50,000) and is double its price at Christmas.
Coming up on Friday, the US Congress gets to vote on the latest government stimulus package worth $US1.9 trillion for the US economy.
US 10-year bond yield prices have woken up recently and were trading at 1.3 per cent, a level last seen just before the global economy fell into its March precipice.
TRADING HALTS
The following companies are in trading halts and are expected to exit over the next two trading days:
Thursday
Venturex (ASX:VXR) – funding proposal
Fe (ASX:FEL) – capital raising
Deep Yellow (ASX:DYL) – capital raising
Helix (ASX:HLX) – capital raising
Minbos (ASX:MNB) – capital raising
Infinity Lithium (ASX:INF) – capital raising
Cann Group (ASX:CAN) – s.708A resolution
IOUpay (ASX:IOU) – capital raising
Friday:
Odin Metals (ASX:ODM) – acquisition
Volt Resources (ASX:VRC) – capital raising
Montem Resources (ASX:MR1) – capital raising
Resolution Minerals (ASX:RML) – capital raising
Fitzroy River Corporation (ASX:FZR) – capital raising
AusQuest (ASX:AQD) – capital raising
Pursuit Minerals (ASX:PUR) – survey results
Happy Valley Nutrition (ASX:HVM) – proposed debt transaction
LiveTiles (ASX:LVT) – announcement clarification
MARKETS
Gold: $US1,773.63 ($2,288.10) (-1.15%)
Silver: $US27.43 ($35.39) (+0.44%)
Oil (WTI): $US61.20 (+1.92%)
Oil (Brent): $US64.44 (+1.74%)
Coal: $US76.25 (-3.09%)
Iron 62pc Fe: $US161.99 (+0.61%)
AUD/USD: $US0.7751 (-0.04%)
Bitcoin: $US52,396.32 (+8.29%)
What got you talking yesterday
Stockhead readers zeroed in on software company LiveTiles’ (ASX:LVT) latest deal with a US healthcare company that could add several millions to its top line.
And, readers were also intrigued about the sudden rise of former flatpack furniture company turned hydrogen, potash and mineral sands explorer whose share price has exploded.
The company was none other than Province Resources (ASX:PRL) which jumped 450 per cent Wednesday and to a market value of $96m on the ASX.
To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.
Also, be sure to check in at 10.20am each day for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.
Yesterday’s winners
Stocks highlighted in yellow made market moving announcements
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| PRL | Province Resources | 0.145 | 458 | $ 507,240,767.00 |
| APG | Austpac Resources NL | 0.002 | 100 | $ 1,803,509.00 |
| SHO | Sportshero Ltd | 0.063 | 75 | $ 98,797,291.00 |
| BPH | BPH Energy Ltd | 0.22 | 74 | $ 58,823,863.00 |
| RXH | Rewardle Holding Ltd | 0.017 | 70 | $ 9,588,309.00 |
| ADY | Admiralty Resources. | 0.021 | 50 | $ 6,319,427.00 |
| ANW | Aus Tin Mining | 0.0015 | 50 | $ 23,434,000.00 |
| CCE | Carnegie Cln Energy | 0.003 | 50 | $ 153,014,564.00 |
| CYQ | Cycliq Group Ltd | 0.003 | 50 | $ 45,000.00 |
| BUY | Bounty Oil & Gas NL | 0.043 | 39 | $ 49,446,049.00 |
| ANL | Amani Gold Ltd | 0.002 | 33 | $ 11,102,102.00 |
| UUV | UUV Aquabotix Ltd | 0.004 | 33 | $ 340,118,929.00 |
| FTZ | Fertoz Ltd | 0.07 | 32 | $ 10,000.00 |
| CI1 | Credit Intelligence | 0.046 | 31 | $ 271,437,581.00 |
| ELS | Elsight Ltd | 0.59 | 31 | $ 1,901,601.00 |
| MAY | Melbana Energy Ltd | 0.022 | 29 | $ 69,361,114.00 |
| EGL | Environmental Group | 0.049 | 29 | $ 991,056.00 |
| RNE | Renu Energy Ltd | 0.08 | 27 | $ 5,601,687.00 |
| ASO | Aston Minerals Ltd | 0.038 | 27 | $ 9,338,367.00 |
| ODA | Orcoda Limited | 0.2 | 25 | $ 3,800.00 |
| GO2 | Thego2People | 0.04 | 25 | $ 33,157.00 |
| IBX | Imagion Biosys Ltd | 0.215 | 23 | $ 26,891,584.00 |
Yesterday’s losers
Stocks highlighted in yellow made market moving announcements
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| GGX | Gas2Grid Limited | 0.005 | -50 | 68,773,962 |
| T3D | 333D Limited | 0.003 | -50 | 127,204,804 |
| FGO | Fargo Enterprises | 0.014 | -33 | 88,361,664 |
| FFG | Fatfish Group | 0.18 | -33 | 291,716,657 |
| CM8 | Crowd Media Limited | 0.047 | -25 | 82,779,525 |
| GGE | Grand Gulf Energy | 0.013 | -24 | 7,210,846 |
| MCT | Metalicity Limited | 0.014 | -22 | 62,821,818 |
| AAJ | Aruma Resources Ltd | 0.074 | -21 | 1,913,318 |
| TRM | Truscott Mining Corp | 0.023 | -21 | 38,919 |
| DME | Dome Gold Mines Ltd | 0.135 | -21 | 20,400 |
| SAN | Sagalio Energy Ltd | 0.02 | -20 | 126,599 |
| DTR | Dateline Resources | 0.002 | -20 | 2,000,000 |
| RIM | Rimfire Pacific | 0.008 | -20 | 10,654,810 |
| YPB | YPB Group Ltd | 0.002 | -20 | 10,362,663 |
| CTE | Cryosite Limited | 0.21 | -19 | 36,037 |
| EGR | Ecograf Limited | 0.805 | -19 | 5,504,967 |
| ICI | Icandy Interactive | 0.13 | -19 | 30,437,881 |
| OKJ | Oakajee Corp Ltd | 0.053 | -18 | 88,766 |
| NME | Nex Metals Explorat | 0.031 | -18 | 911,386 |
| SHG | Singular Health | 0.45 | -18 | 2,577,867 |
| AGS | Alliance Resources | 0.2 | -17 | 29,952 |
