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Rise and Shine: What you need to know before the ASX opens
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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.
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.
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 |
