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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the problem with high lithium prices, how to invest in investing and the hottest stocks on the ASX right now.
But first…
THE WEEK AHEAD
This week’s potentially market-moving economic data is headlined by the December quarter’s GDP which is due at 11.30am on Wednesday.
Also the RBA will meet on Tuesday and while there is little room to cut interest rates further, it is expected to clarify its next move in its quantitative easing program.
In IPOs this week, additive manufacturer 3D Metalforge (ASX:3MF) is listing on Tuesday at 12pm (AEDT) and expected to list on Friday is online food delivery business My Food Bag Group (ASX:MFB).
TRADING HALTS
The following companies are in trading halts and are expected to exit over the next two trading days:
Monday:
Enterprise Metals (ASX:ENT) – price query
Arrow Minerals (ASX:AMD) – joint venture formation
Roto-Gro (ASX:RGI) – query
Tombador Iron (ASX:TI1) – capital raising
Black Cat Syndicate (ASX:BC8) – milling facility acquisition
Redstone Resources (ASX:RDS) – capital raising
Avita Medical (ASX:AVH) – US capital raising
Afterpay (ASX:APT) – capital raising
Novonix (ASX:NVX) – capital raising
Tuesday
Australian Potash (ASX:APC) – debt funding
Micro-X (ASX:MX1) – Medical Research Future Fund application
Australian Strategic Materials (ASX:ASM) – scoping study
EMVision Medical Devices (ASX:EMV) – funding application
Mesoblast (ASX:MSB) – capital raising
Anax Metals (ASX:ANX) – capital raising
AppsVillage (ASX:APV) – capital raising
Neurotech (ASX:NTI) – financing
4D Medical (ASX:4DX) – grant application
Palla Pharma (ASX:PAL) – capital raising
MARKETS
Gold: $US1,734.39 ($2,250.05) (-2.01%)
Silver: $US26.66 ($34.59) (-2.69%)
Oil (WTI): $US61.50 (-3.20%)
Oil (Brent): $US64.42 (-2.56%)
Coal: $US81.00 (+1.76%)
Iron 62pc Fe: $US165.61 (+0.36%)
AUD/USD: $US0.7706 (+0.02%)
Bitcoin: $US44,371.41 (-6.28%)
What got you talking last week
BNPLs. Until they released their half yearly results and dropped.
But copper was hot for the entire week after a JP Morgan report tipped that this is the start of a 10-year super cycle.
o Copper miners $AIS $SFR $OZL enjoy massive profits as red metal nears 10-yr high
o This is the start of a 10 year copper supercycle, JP Morgan says
o Here’s six project developers hoping to take advantage: $VXR $ORN $CVV $HAV $HGO $KGL. #ASX #ausbiz
https://t.co/xQNWYF0RwO— Stockhead (@StockheadAU) February 24, 2021
Our most popular podcast last week was the Rock Yarns Podcast in which Peter Strachan spoke to Chris Lewis – CEO of Ansila Energy (ASX:ANA).
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.
LAST WEEK’S WINNERS
| Code | Company | Price | Return (One week) | Market Cap |
| AQS | Aquis Ent Ltd | 0.42 | 265 | $ 16,966,608.60 |
| CCE | Carnegie Cln Energy | 0.007 | 250 | $ 63,740,432.66 |
| VXR | Venturex Resources | 0.325 | 229 | $ 127,846,547.40 |
| LEX | Lefroy Exploration | 0.625 | 205 | $ 88,807,153.58 |
| PIL | Peppermint Inv Ltd | 0.032 | 191 | $ 44,272,142.82 |
| GLE | GLG Corp Ltd | 0.3 | 150 | $ 8,892,000.00 |
| ARC | Aust Rural Cap Ltd | 0.22 | 93 | $ 2,459,785.60 |
| NCL | Netccentric Ltd | 0.18 | 91 | $ 51,187,500.00 |
| PUR | Pursuit Minerals | 0.064 | 73 | $ 47,812,285.50 |
| LAM | Laramide Res Ltd | 0.59 | 69 | $ 623,201.40 |
| WWG | Wisewaygroupltd | 0.32 | 64 | $ 45,603,599.93 |
| AUH | Austchina Holdings | 0.011 | 57 | $ 17,975,367.97 |
| MSI | Multistack Internat. | 0.028 | 56 | $ 3,481,421.64 |
| UUL | Ultima Utd Ltd | 0.93 | 52 | $ 34,824,326.70 |
| RNU | Renascor Res Ltd | 0.06 | 50 | $ 103,274,009.71 |
| ANW | Aus Tin Mining | 0.0015 | 50 | $ 15,924,636.77 |
| CLZ | Classic Min Ltd | 0.0015 | 50 | $ 35,113,734.69 |
| CYQ | Cycliq Group Ltd | 0.003 | 50 | $ 6,911,077.69 |
| ECT | Env Clean Tech Ltd. | 0.0015 | 50 | $ 14,401,549.18 |
| PBX | Pacific Bauxite Ltd | 0.003 | 50 | $ 1,189,842.10 |
| MGL | Magontec Limited | 0.022 | 47 | $ 27,622,195.34 |
| OIL | Optiscan Imaging | 0.24 | 45 | $ 152,176,426.50 |
| AIS | Aeris Resources Ltd | 0.13 | 45 | $ 237,127,329.50 |
| CWX | Carawine Resources | 0.325 | 44 | $ 34,844,768.64 |
| TMX | Terrain Minerals | 0.01 | 43 | $ 5,886,088.07 |
| EM2 | Eagle Mountain | 0.49 | 40 | $ 80,403,897.08 |
| MGU | Magnum Mining & Exp | 0.105 | 40 | $ 37,476,548.20 |
| COD | Coda Minerals Ltd | 0.41 | 39 | $ 29,972,600.89 |
| ZIM | Zimplats Holding Ltd | 16.83 | 39 | $ 1,638,245,017.78 |
| AVR | Anteris Technologies | 6.88 | 38 | $ 47,426,757.66 |
| PVL | Powerhouse Ven Ltd | 0.082 | 37 | $ 5,299,124.21 |
| DNK | Danakali Limited | 0.56 | 37 | $ 172,631,707.38 |
| ENR | Encounter Resources | 0.17 | 36 | $ 50,490,192.48 |
| TNR | Torian Resources Ltd | 0.058 | 35 | $ 45,223,936.32 |
| QPM | Queensland Pacific | 0.097 | 35 | $ 93,294,757.50 |
LAST WEEK’S LOSERS
| Code | Company | Price | Return (One week) | Market Cap |
| TML | Timah Resources Ltd | 0.052 | -35 | $ 7,335,542.00 |
| ADY | Admiralty Resources. | 0.015 | -35 | $ 19,705,289.88 |
| IP1 | Int Payment Tech Ltd | 0.04 | -34 | $ 48,153,877.55 |
| 9SP | 9 Spokes Int Limited | 0.022 | -33 | $ 34,346,756.36 |
| TOM | Tomizone Limited | 0.002 | -33 | $ 850,401.35 |
| SSM | Service Stream | 1.19 | -31 | $ 549,079,549.72 |
| FIN | FIN Resources Ltd | 0.016 | -30 | $ 4,958,754.45 |
| SHO | Sportshero Ltd | 0.038 | -30 | $ 17,573,839.79 |
| MNB | Minbos Resources Ltd | 0.082 | -29 | $ 31,790,579.14 |
| NXL | Nuix Limited | 6.45 | -28 | $ 2,846,224,002.18 |
| FFT | Future First Tech | 0.066 | -27 | $ 43,142,256.61 |
| CCA | Change Financial Ltd | 125 | -26 | $ 50,344,327.50 |
| ASP | Aspermont Limited | 0.034 | -26 | $ 78,502,261.16 |
| ICE | Icetana Limited | 0.1 | -26 | $ 11,809,709.38 |
| KTE | K2 Energy Ltd | 0.046 | -26 | $ 15,934,829.00 |
| GLV | Global Oil & Gas | 0.023 | -26 | $ 17,563,814.92 |
| PCL | Pancontinental Oil | 0.0015 | -25 | $ 9,010,073.23 |
| ANL | Amani Gold Ltd | 0.0015 | -25 | $ 10,786,996.75 |
| UUV | UUV Aquabotix Ltd | 0.003 | -25 | $ 7,165,124.43 |
| PCH | Property Connect | 0.0015 | -25 | $ 1,028,795.21 |
| TMK | Tamaska Oil Gas Ltd | 0.009 | -25 | $ 7,520,000.00 |
| AYM | Australia United Min | 0.009 | -25 | $ 18,425,774.85 |
| FGO | Fargo Enterprises | 0.009 | -25 | $ 11,857,567.03 |
| PF1 | Pathfinder Resources | 0.23 | -25 | $ 12,431,047.50 |
| APX | Appen Limited | 16.55 | -24 | $ 2,062,746,900.30 |
| CLT | Cellnet Group | 0.11 | -24 | $ 24,059,463.40 |
| TOU | Tlou Energy Ltd | 0.048 | -24 | $ 25,209,553.87 |
| AO1 | Assetowl Limited | 0.01 | -23 | $ 4,945,051.05 |
| GTG | Genetic Technologies | 0.01 | -23 | $ 90,142,267.43 |
| VBC | Verbrec Limited | 0.17 | -23 | $ 34,004,976.58 |
| INF | Infinity Lithium | 0.16 | -22 | $ 68,153,300.05 |
| CNJ | Conico Ltd | 0.025 | -22 | $ 23,298,205.34 |
| JAT | Jatcorp Limited | 0.0275 | -21 | $ 38,831,071.31 |
| RML | Resolution Minerals | 0.026 | -21 | $ 7,604,283.91 |
| VRC | Volt Resources Ltd | 0.015 | -21 | $ 34,605,249.62 |
| PEN | Peninsula Energy Ltd | 0.12 | -21 | $ 129,535,985.63 |
