Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, pro tips on how to value the wild retail sector, the top 5 NSX stocks in 2021, and a supercomputer backed by… green hydrogen.
But first…
THE DAY AHEAD
Potentially market moving economic data includes quarterly construction work figures and the Leading Index which are due out at 11.30am and 10.30am (AEST) respectively.
TRADING HALTS
Wednesday
1414 Degrees (ASX:14D) – management updates
Navarre Minerals (ASX:NML) – capital raising
Odyssey Gold (ASX:ODY) – exploration results
Winchester Energy (ASX:WEL) – capital raising
Vital Metals (ASX:VML) – exploration results
Central Petroleum (ASX:CTP) – asset sale
BNK Banking (ASX:BBC) – capital raising
Latitude Consolidated (ASX:LCD) – capital raising
Aldoro Resources (ASX:ARN) – strategic review outcome
Cue Energy Resources (ASX:CUE) – asset acquisition
MyState (ASX:MYS) – capital raising
New Zealand Oil and Gas (ASX:NZO) – asset acquisition
Thursday
VRX Silica (ASX:VRX) – project update
Metro Mining (ASX:MMI) – finance facility
Suvo Strategic Minerals (ASX:SUV) – project update
Memphasys (ASX:MEM) – capital raising
MARKETS
Gold: $US1,898.95 ($2,450.26) (+0.95%)
Silver: $US27.99 ($36.12) (+0.67%)
Oil (WTI): $US65.99 (-0.09%)
Oil (Brent): $US68.53 (+0.29%)
Coal: $US106.25 (+1.48%)
Iron 62pc Fe: $US207.01 (-0.57%)
AUD/USD: $US0.7748 (-0.05%)
Bitcoin: $US37,645.73 (-3.61%)
WHAT GOT YOU TALKING YESTERDAY?
Investors in ASX resources stocks would know Canada is a hot destination for explorers – but perhaps for investors too. And one analyst argued money is draining to Canada’s bourse given the lower valuations of companies over there.
Many #TSX-listed stocks are “selling at half the valuation of equivalent companies in Australia”.
That may explain the lethargy we are witnessing in the junior mining sector of the #ASX, Far East Capital analyst Warwick Grigor says.
https://t.co/AfORVzR6Me— Stockhead (@StockheadAU) May 24, 2021
Also, in case you missed it, our audience enjoyed our latest edition of On the Bid in which our panel discussed Australia’s housing market.
To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.
For the crypto lovers Stockhead’s Cryptohead Facebook group is the place to share all your crypto views, insights, tips and ideas.
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.
YESTERDAY’S WINNERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| CYQ | Cycliq Group Ltd | 0.002 | 100 | 1,506,440 |
| DVN | Devine Limited | 0.235 | 96 | 3,697,618 |
| VAR | Variscan Mines Ltd | 0.067 | 81 | 101,897,112 |
| CAP | Carpentaria Resource | 0.155 | 55 | 26,680,018 |
| DM1 | Desert Metals | 0.62 | 41 | 2,247,533 |
| BAS | Bass Oil Ltd | 0.0025 | 25 | 1,333,337 |
| NPM | Newpeak Metals | 0.0025 | 25 | 1,907,018 |
| VMG | VDM Group Limited | 0.0025 | 25 | 20,000 |
| ATR | Astron Corp Ltd | 0.545 | 21 | 12,027 |
| CPN | Caspin Resources | 2.21 | 21 | 5,406,883 |
| CVV | Caravel Minerals Ltd | 0.445 | 20 | 2,881,738 |
| ALT | Analytica Limited | 0.003 | 20 | 2,593,000 |
| VIC | Victory Mines Ltd | 0.003 | 20 | 5,929,032 |
| YFZ | Youfoodz | 0.575 | 20 | 523,125 |
| LPE | Locality Planning | 0.19 | 19 | 153,130 |
| MEG | Megado | 0.16 | 19 | 5,983 |
| OAR | OAR Resources Ltd | 0.013 | 18 | 21,788,770 |
| AFR | African Energy Res | 0.02 | 18 | 2,296,261 |
| AGS | Alliance Resources | 0.17 | 17 | 47,000 |
| LEX | Lefroy Exploration | 1.17 | 17 | 1,598,402 |
| SCT | Scout Security Ltd | 0.084 | 17 | 83,847 |
| CAV | Carnavale Resources | 0.007 | 17 | 5,899,464 |
Microcap property developer Devine (ASX:DVN), 59 per cent owned by CIMIC Group (ASX:CIM), received a bid from the latter company for the other 41 per cent of shares at a premium nearly double to Monday’s closing price.
Also rising strongly was Variscan Mines (ASX:VAR), which gained 81pc after a drilling program at its historic San Jose mine in Spain revealed high-grade zinc mineralisation.
YESTERDAY’S LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.001 | -50 | 75,068,880 |
| ECT | Env Clean Tech Ltd. | 0.001 | -33 | 2,006,463 |
| YPB | YPB Group Ltd | 0.002 | -20 | 246,594,726 |
| INF | Infinity Lithium | 0.077 | -17 | 11,543,579 |
| MCM | Mc Mining Ltd | 0.1 | -17 | 5,333 |
| ARO | Astro Resources NL | 0.005 | -17 | 502,286 |
| CBR | Carbon Revolution | 1.3 | -16 | 3,417,790 |
| BEE | Broo Ltd | 0.016 | -16 | 5,687,873 |
| CMD | Cassius Mining Ltd | 0.016 | -16 | 100,000 |
| FFX | Firefinch Ltd | 0.38 | -16 | 36,216,162 |
| LEL | Lithiumen | 0.415 | -15 | 2,091,066 |
| GGX | Gas2Grid Limited | 0.003 | -14 | 1,840,173 |
| AFW | Applyflow Limited | 0.007 | -13 | 525,238 |
| AQX | Alice Queen Ltd | 0.014 | -13 | 1,597,537 |
| TPD | Talon Petroleum Ltd | 0.007 | -13 | 7,532,285 |
| PEC | Perpetual Res Ltd | 0.11 | -12 | 3,696,819 |
| VRX | VRX Silica Ltd | 0.22 | -12 | 3,930,465 |
| M24 | Mamba Exploration | 0.235 | -11 | 1,867,564 |
| PAB | Patrys Limited | 0.024 | -11 | 6,738,890 |
| EN1 | Engage:Bdr Limited | 0.004 | -11 | 2,773,176 |
Carbon fibre wheel manufacturer Carbon Revolution (ASX:CBR) fell after a company update released at the market close on Monday.
The company said one of its customers temporarily suspended vehicle production due to the global chip shortage and this would cause FY21 sales to be below FY20’s figures.
