On Stockhead today, the small cap goldies actually producing gold, Glencore’s huge battery metals forecast, and cobalt eyes the $50K mark.

But first…

 

The day ahead

Australian stock indexes experienced a torrid end to the week with the blue chip ASX 200 closing Friday at 6,790 points, down 1.3 per cent for the day.

The broader All Ordinaries index had a similar performance, dipping 1.3 per cent to 7,060 points, after getting as high as 7,190 points mid-week.

BNPL sector darling Afterpay (ASX:APT) rose nearly 2 per cent Friday to $152.80 per share and is up 1,600 per cent since its March 2020 low.

Iron ore majors BHP (ASX:BHP) and Rio Tinto (ASX:RIO) were 2 to 3 per cent lower Friday afternoon.

This is despite the iron ore spot price bouncing to $US175 per tonne as Chinese steel mills returned to work after the Lunar New Year holidays.

Analysts are pointing with concern to the level of US 10-year bond yields, now trading at a one-year high of 1.29 per cent.

Higher yields make bonds more attractive to investors and can attract cash from equity markets.

 

TRADING HALTS

The following companies are in trading halts and are expected to exit over the next two trading days:

Monday:

KGL Resources (ASX:KGL) – capital raising
Tamaska Oil & Gas (ASX:TMK) – acquisition
Cirralto (ASX:CRO) – capital raising
Indiana Resources (ASX:IDA) – assay results
Hastings Technology Metals (ASX:HAS) – capital raising
Eagle Mountain Mining (ASX:EM2) – capital raising

Tuesday: 

Allegiance Coal (ASX:AHQ) – capital raising
PKS Holdings (ASX:PKS) – capital raising
Mayur Resources (ASX:MRL) – asset spin out
Perpetual Resources (ASX:PEC) – capital raising

 

MARKETS

Gold: $US1,784.39 ($2,266.01) (+0.50%)

Silver: $US27.27 ($34.63) (+0.93%)

Oil (WTI): $US58.95 (-2.50%)

Oil (Brent): $US62.66 (-1.99%)

Coal: $US77.50 (+2.31%)

Iron 62pc Fe: $US164.07 (-0.32%)

AUD/USD: $US0.7870 (+0.06%)

Bitcoin: $US58,128.44 (+2.05%)

 

What got you talking Friday

Stockhead readers enjoyed discussing biopharma company MGC Pharmaceuticals’ (ASX:MXC) expansion with a new distribution deal for its anti-inflammatory medicine.

Rise and Shine

Another story that tickled Stockhead readers was the various ways crypto investors celebrated their investment gains after prices of Bitcoin and other digital coins surged this week.

Rise and Shine

 

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.

 

Friday’s winners

Stocks highlighted in yellow made market moving announcements
Code Company Price % Volume
AQS Aquis Ent Ltd 0.4 248 17232725
TTA TTA Holdings Ltd 0.058 132 5233005
SAN Sagalio Energy Ltd 0.045 125 1821932
MGL Magontec Limited 0.027 80 21270258
NCL Netccentric Ltd 0.145 54 1836062
ANW Aus Tin Mining 0.0015 50 25675500
CCE Carnegie Cln Energy 0.0025 25 24562294
ECT Env Clean Tech Ltd. 0.0015 50 5291004
CGO CPT Global Limited 0.46 39 500725
FPL Fremont Petroleum 0.004 33 3003345
VPR Volt Power Group 0.004 33 7207788
PUR Pursuit Minerals 0.049 32 272601520
MXC Mgc Pharmaceuticals 0.125 32 150421253
PWN Parkway Minls NL 0.021 31 229812925
SCU Stemcell United Ltd 0.032 28 85075206
GGX Gas2Grid Limited 0.005 25 7399772
RIM Rimfire Pacific 0.01 25 5669312
QPM Queensland Pacific 0.088 22 46909674
VIC Victory Mines Ltd 0.003 20 6691682
WOO Wooboard Tech Ltd 0.006 20 33596865
LOV Lovisa Holdings Ltd 13.12 19 1177935

 

Friday’s losers

Stocks highlighted in yellow made market moving announcements
Code Company Price % Volume
ANL Amani Gold Ltd 0.001 -50 49554998
IP1 Int Payment Tech Ltd 0.044 -28 75278070
APG Austpac Resources NL 0.0015 -25 679035
UUV UUV Aquabotix Ltd 0.003 -25 209961567
EVZ EVZ Limited 0.125 -22 467180
ADY Admiralty Resources. 0.018 -22 8960788
9SP 9 Spokes Int Limited 0.026 -21 71600677
CCA Change Financial Ltd 0.135 -21 20676659
CIO Connected Io Ltd 0.008 -20 11493874
MLS Metals Australia 0.002 -20 12971739
ARC Aust Rural Cap Ltd 0.092 -19 131534
MNB Minbos Resources Ltd 0.094 -18 11368282
ENV Enova Mining Limited 0.028 -18 177525
EGR Ecograf Limited 0.67 -17 16350553
AEV Avenira Limited 0.01 -17 2794220
FGO Fargo Enterprises 0.01 -17 27140751
CRL Comet Resources 0.026 -16 8793694
GLV Global Oil & Gas 0.026 -16 36627462
EXR Elixir Energy Ltd 0.185 -16 7380957
GRV Greenvale Mining Ltd 0.14 -15 1685324
BMN Bannerman Resources 0.115 -15 15774227