Today is the big debut for Chinese shopping play Mediland Pharm, we talk with the CEO in charge of a 100 tonne lithium resource, and this easy way to spot a struggling miner.

Here’s what you need to know right now:

 

The day ahead in data

Watch for the debut of Mediland Pharm (ASX:MPH), which will list today at 11am. The company operates retail stores for Chinese tourist groups in Australia. It will list at 20 cents per share and have a market cap of just over $62 million.

Our politicians will be busy today. The House of Representatives Standing Committee on Economics will hear Reserve Bank Governor Phillip Lowe give his semi-annual testimony to our politicians in Sydney at 9.30am.

The Senate Economics Reference Committee will release a report into the buy-now, pay later sector. Whatever the outcome, this will not be the end of the matter, as ASIC have promised to continue investigating.

Since Wednesday, names in the sector have experienced volatility. Afterpay (ASX: APT) has fallen by 11 per cent, recent ASX star debutant Splitit (ASX: SPT) by nearly 3 per cent — having fallen 25 per cent from its all time high on February 7 — and Zip Co (ASX: Z1P) is up by over 1 per cent after a volatile couple of days.

 

Company news

Several Companies are due to come out of a trading halt due to a capital raising including P2P Transport (ASX: P2P), Bellevue Gold (ASX: BGL), Tilt Renewables (ASX:TLT) and Millennium Minerals (ASX:MOY), while Pure Minerals (ASX:PM1) is due out having finalised an acquisition.

 

Commodities

Gold:$US1323.93 -0.94%

Silver:$US15.83 -1.28%

Oil (Brent):$US67.03 -0.25%

Oil (WTI):$US56.82 -0.09%

Coal:$US93.60 -0.16%

Iron ore 62% fe:$US86.99 -1.66%

AUD/USD:$US0.7078 -1.21%

 

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What got you talking yesterday

Of interest over on the Stockhead ASX Small Cap and Micro Cap Chat Facebook forum was senior journalist Rachel Williamson’s article about millennial investors.

Member Kay F Lim said: “this is what happens when there is a perception that war is merely a thing of the past – enough men turn into complete gonads that you simply want to spew up….”

Interesting! Join the fun here.

On stock gossip day trading forum HotCopper, these were the most-discussed stocks at close on Thursday:

 

Yesterday’s winners

The two biggest winners yesterday were Namibian explorer Sabre Resources (ASX: SBR) and Shareroot (ASX: SRO) that both rose 50 per cent, to 1 cent.

Hot Chilli (ASX: HCH) finished yesterday up 35 per cent after announcing it had finalised the purchase of the Cortadera copper-gold deposit from a private Chilean mining group.

TickerNamePrice% ChgMarket CapVolume
SBR Sabre Resources Ltd0.010.5$2.4M820.0k
SRO Shareroot Ltd0.00150.5$2.4M13.4M
EM1 Emerge Gaming Ltd0.010.44$7.6M54.0M
GZL Gazal Corp Ltd6.030.4$269.0M78.6k
HCH Hot Chili Ltd0.030.35$301.0M12.0M
EXO Ennox Group Ltd0.0040.33$71.0M3.9M
S3R Serpentine Technologies Ltd0.0040.33$29.0M250.0k
TPD Talon Petroleum Ltd0.0040.33$5.0M30.2M
HOR Horseshoe Metals Ltd0.010.29$1.8M5.0k
NES Nelson Resources Ltd0.120.26$5.5M24.0k
MGU Magnum Mining and Exploration0.080.25$22.4M450.0k
PSM Peninsula Mines Ltd0.0050.25$4.3M540.0k
AFG Australian Finance Group Ltd1.180.23$247.0M2.0M
RDN Raiden Resources Ltd0.010.22$4.5M2.4M
TSN Transaction Solutions Internat0.010.21$20.5M3.5M
SIO Simonds Group Ltd0.350.21$50.3M169.4k

 

Yesterday’s losers

Mount Ridley Mines (ASX: MRD) was the biggest loser yesterday, halving in value despite no news. Perpetual Resources (ASX: PEC) and Magnetite Mines (ASX: MGT) fell as well on the back of no news.

Xped (ASX: XPD) continued its volatile week falling 25 per cent.

TickerNamePrice% ChgMarket CapVolume
MRD Mount Ridley Mines Ltd0.001-0.5$2.3M500.0k
PEC Perpetual Resources Ltd0.04-0.33$9.9M90.4k
MGT Magnetite Mines Ltd0.004-0.33$3.0M4.2M
GLA Gladiator Resources Ltd0.001-0.33$1.5M6.8M
XPE Xped Ltd0.0015-0.25$2.3M50.0k
RXH Rewardle Holdings Ltd0.003-0.25$1.6M150.0k
MTB Mount Burgess Mining NL0.003-0.25$1.3M1.2M
DDD 3D Resources Ltd0.003-0.25$3.3M167.4k
CLT Cellnet Group Ltd0.28-0.24$17.5M74.7k
ATX Amplia Therapeutics Ltd0.12-0.21$4.7M40.7k
PMY Pacifico Minerals Ltd0.004-0.2$6.6M1.9M
OGX Orinoco Gold Ltd0.004-0.2$5.6M3.7M
EVE EVE Investments Ltd0.004-0.2$9.1M3.8M
EFE Eastern Iron Ltd0.004-0.2$1.6M250.0k
CT1 CCP Technologies Ltd0.008-0.2$3.6M1.7M
BLY Boart Longyear Ltd0.004-0.2$105.2M12.2k
LCK Leigh Creek Energy Ltd0.17-0.19$88.7M17.9M
CXM Centrex Metals Ltd0.1-0.18$30.9M299.8k
ICI iCandy Interactive Ltd0.05-0.18$13.9M184.2k

 

That’s all you need to know. Hop to it!

— with Nick Sundich