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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the South Americans want to set up an OPEC for lithium, expert stock picks in the hot copper space, and the election renewable energy policies that will affect ASX stocks.
But first, here’s what you need to know about the week ahead.
The week ahead in data
Today you should be hanging out for the Export and Import price index as well as Australia’s Producer Price Index (PPI) Finished Goods — both include year-on-year and quarterly data.
Both are sent out by the Australian Bureau of Statistics (ABS).
Company news
There are no shares coming out of escrow today, but there are six companies due out of a trading halt either today or on Monday.
Friday:
- Schrole Group (ASX: SCL) – capital raising
- Alara Resources (ASX: AUQ) – proposed finance arrangements
- Korab Resources (ASX: KOR) – capital raising
- Global Vanadium (ASX: GLV) – potential acquisition
Monday:
- Tempo Australia (ASX: TPP) – project cost increase
- GetSwift (ASX: GSW) – board changes
Commodities
Gold: $US1,277.03 ($1,820.34) +0.14%
Silver: $US14.91 +0.02%
Oil (Brent): $US74.12 +2.99%
Oil (WTI): $US65.08 +1.70%
Coal: $US87.20 -0.46%
Iron ore 62pc fe: $US92.95 -0.36%
AUD/USD: $US0.7015
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What got you talking this week
Newcomers on the Stockhead Facebook chat forum were keen to share their views on what they think — or hope — will be hot over the next few months.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday, April 24:
Close Top 5 #MostDiscussedStocks: $GXY $BAL $AMI $AJX $PLS #asx #ausbiz https://t.co/xOFzWm2Yj0
— HotCopper (@HotCopper) April 24, 2019
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Wednesday’s winners
Consolidated Zinc (ASX:CZL) came out of a trading halt with a maiden ore reserve for the Plomosas Mine of 73,850 tonnes at 13.82 per cent zinc, 2.38 per cent lead and 17.86g/t silver.
MRG Metals (ASX:MRQ) presented an airborne magnetic and radiometric geophysical survey “on time and on budget” which sent them up 50 per cent.
And Gas2Grid (ASX:GGX) issued a quarterly report that says expenses in the next quarter are expected to eat half of their remaining cash.
| ASX code | Company name | Price | % Chg | Market cap | Volume |
|---|---|---|---|---|---|
| CAD | Caeneus Minerals Ltd | 0.002 | 100% | $3,700,000 | 2.3M |
| MRD | Mount Ridley Mines Ltd | 0.002 | 100% | $4,700,000 | 2.0M |
| T3D | 333D Ltd | 0.002 | 100% | $1,800,000 | 3.5M |
| VMG | VDM Group Ltd | 0.002 | 100% | $12,600,000 | 1.4M |
| CZL | Consolidated Zinc Ltd | 0.02 | 70% | $18,800,000 | 6.6M |
| KLH | Kalia Ltd | 0.003 | 50% | $7,500,000 | 210.0k |
| MRQ | MRG Metals Ltd | 0.01 | 50% | $4,000,000 | 1.1M |
| GGX | Gas2Grid Ltd | 0.004 | 33% | $4,600,000 | 418.0k |
| SKN | Skin Elements Ltd | 0.05 | 31% | $6,800,000 | 1.4M |
| RMG | RMG Ltd | 0.013 | 30% | $8,000,000 | 164.6k |
| PVD | Pura Vida Energy NL | 0.02 | 27% | $4,800,000 | 2.3M |
| EPM | Eclipse Uranium Ltd | 0.003 | 25% | $2,900,000 | 27.8k |
| NVO | NVOI Ltd | 0.005 | 25% | $5,200,000 | 405.0k |
| RIE | Riedel Resources Ltd | 0.01 | 25% | $4,200,000 | 120.0k |
| VKA | Viking Mines Ltd | 0.011 | 22% | $3,500,000 | 1.6M |
| N27 | Northern Cobalt Ltd | 0.07 | 21% | $3,700,000 | 84.9k |
| NMS | Neptune Marine Services Ltd | 0.23 | 21% | $14,100,000 | 974 |
| DHR | Dark Horse Resources Ltd | 0.006 | 20% | $11,900,000 | 1.1M |
| DTR | Dateline Resources Ltd | 0.003 | 20% | $15,900,000 | 9.6M |
| MRV | Moreton Resources Ltd | 0.006 | 20% | $18,600,000 | 289.9k |
| SBR | Sabre Resources Ltd | 0.006 | 20% | $2,400,000 | 120.0k |
| FEL | Fe Ltd | 0.02 | 20% | $7,000,000 | 150.0k |
Wednesday’s losers
Alloy Resources (ASX:AYR) dipped after issued the docs for its $750,000 capital raising.
Minrex Minerals (ASX:MRR) reported that it spent $21,000 on exploration and evaluation in the March quarter, and $139,000 on admin.
| ASX code | Company name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| AHN | Athena Resources Ltd/Australia | 0.007 | -42% | $1,900,000 | 297.5k |
| AYR | Alloy Resources Ltd | 0.002 | -33% | $3,200,000 | 2.3M |
| ENT | Enterprise Metals Ltd | 0.009 | -25% | $3,600,000 | 6.0k |
| ROG | Red Sky Energy Ltd | 0.003 | -25% | $3,300,000 | 2.0k |
| PWN | Parkway Minerals NL | 0.003 | -25% | $1,800,000 | 20.0k |
| PNN | PepinNini Lithium Ltd | 0.003 | -25% | $2,900,000 | 338.6k |
| AVW | Avira Resources Ltd | 0.003 | -25% | $3,000,000 | 13.7M |
| MRR | Minrex Resources Ltd | 0.015 | -25% | $1,300,000 | 51.8k |
| IEC | Intra Energy Corp Ltd | 0.02 | -22% | $10,500,000 | 1.9M |
| PEC | Perpetual Resources Ltd | 0.03 | -22% | $6,400,000 | 70.0k |
| MXR | Maximus Resources Ltd | 0.06 | -21% | $1,800,000 | 173.4k |
| LNY | Laneway Resources Ltd | 0.012 | -20% | $46,000,000 | 50.1M |
| UUV | UUV Aquabotix Ltd | 0.008 | -20% | $1,300,000 | 1.1M |
| SGO | Stream Group Ltd | 0.008 | -20% | $1,800,000 | 22 |
| SCI | Silver City Minerals Ltd | 0.008 | -20% | $2,300,000 | 1.3M |
| MHC | Manhattan Corp Ltd | 0.004 | -20% | $3,000,000 | 1.5M |
| IVO | Invigor Group Ltd | 0.004 | -20% | $10,600,000 | 6.4M |
| AOA | Ausmon Resources Ltd | 0.004 | -20% | $2,200,000 | 301.0k |
| ALT | Analytica Ltd | 0.004 | -20% | $13,300,000 | 640.3k |
That’s all you need to know. Move along now.
