Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, who’s leading the dairy formula pack right now, the “only small cap data centre worth backing”, and the ASX stocks set to win from a $1.5 billion gas pipeline.
But first, here’s what you need to know about the day ahead.
Today the Reserve Bank of Australia is releasing commodity price index data, an early indicator of export price changes.
Yesterday was the deadline for companies submitting their quarterly reports and Appendix 4Cs, so expect those to start to slow down, and start to see companies getting in trouble for not sending theirs to the ASX.
The following three companies have shares coming out of escrow today:
The following 10 companies are due out of a trading halt in the next 48 hours:
Gold: $US1,283.44 ($1,821.16) +0.28%
Silver: $US14.93 +0.21%
Oil (Brent): $US72.66 +0.86%
Oil (WTI): $US63.49 -0.09%
Coal: $US88.45 +1.32%
Iron ore 62pc fe: $US93.17 +0.01%
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These were the five most-discussed stocks on trading gossip forum HotCopper at close on Tuesday:
— HotCopper (@HotCopper) April 30, 2019
Employment technology stock Nvoi Ltd (ASX: NVO) rose 60 per cent to 0.8c after announcing a round of board and management changes.
CEO Jennifer Maritz and company secretary Michael Bermeister are out, with John Winters stepping into the role of interim CEO on a salary of $120,000 per year.
Reverse Corp (ASX:REF), which owns the 1800-Reverse service, rose 58 per cent to 3c, after announcing it is selling its online contact lenses businesses — who knew?! — to Coastal Contacts for $2.8 million.
It is “exploring the best future company structure” as 1800 Reverse is closing on July 1.
But PainChek was the biggest winner, closing at 7c, a 100 per cent jump.
|ASX code||Company name||Price||% Chg||Market cap||Volume|
|REF||Reverse Corp Ltd||0.03||58%||$2,700,000||26.4M|
|NOR||Norwood Systems Ltd||0.003||50%||$4,800,000||17.2M|
|RXH||Rewardle Holdings Ltd||0.003||50%||$1,600,000||691.9k|
|DRE||Dreadnought Resources Ltd||0.004||33%||$4,400,000||1.1M|
|EMP||Emperor Energy Ltd||0.004||33%||$4,100,000||290.0k|
|MHC||Manhattan Corp Ltd||0.004||33%||$3,000,000||1.3M|
|TBH||Betmakers Holdings Ltd/The||0.04||32%||$9,200,000||1.8M|
|GBP||Global Petroleum Ltd||0.02||28%||$4,700,000||7.5k|
|ANL||Amani Gold Ltd||0.003||25%||$9,200,000||666.7k|
|CAV||Carnavale Resources Ltd||0.005||25%||$3,300,000||334.0k|
|DW8||Digital Wine Ventures Ltd||0.005||25%||$3,500,000||654.2k|
|PCL||Pancontinental Oil & Gas NL||0.003||25%||$13,500,000||19.8M|
|TV2||TV2U International Ltd||0.005||25%||$11,100,000||6.3M|
Telecoms minnow United Networks (ASX: UNL) was the biggest loser, falling by 35 per cent to 1.3c. The company’s share price has been in steady decline since it listed in early 2017 with a stable of blue-chip backers at 20 cents per share.
|ASX code||Company name||Price||% Chg||Market Cap||Volume|
|UNL||United Networks Ltd||0.013||-35%||$1,600,000||225.0k|
|VAR||Variscan Mines Ltd||0.001||-33%||$1,300,000||120.0k|
|MRD||Mount Ridley Mines Ltd||0.001||-33%||$2,300,000||1.2M|
|GLV||Global Vanadium Ltd||0.002||-33%||$5,700,000||1.3M|
|GLA||Gladiator Resources Ltd||0.001||-33%||$1,500,000||1.6M|
|EXO||Ennox Group Ltd||0.002||-33%||$5,300,000||222.1k|
|AYR||Alloy Resources Ltd||0.002||-33%||$3,200,000||569.4k|
|MMR||MEC Resources Ltd||0.005||-29%||$1,700,000||42.6k|
|MSG||MCS Services Ltd||0.02||-25%||$3,400,000||52.4M|
|RNX||Renegade Exploration Ltd||0.003||-25%||$2,100,000||863.3k|
|MLS||Metals Australia Ltd||0.002||-25%||$4,400,000||1.7M|
|KGM||KalNorth Gold Mines Ltd||0.003||-25%||$2,700,000||15.0k|
|AZI||Alta Zinc Ltd||0.003||-25%||$5,500,000||1.2M|
|AEE||Aura Energy Ltd||0.01||-23%||$12,700,000||17.7M|
|SPX||Spectrum Metals Ltd||0.02||-23%||$22,100,000||49.2M|
|WWI||West Wits Mining Ltd||0.007||-22%||$5,600,000||5.0M|
That’s all you need to know. Get Krack’n!