Rise and Shine: What you need to know before the ASX opens

On Stockhead today, Guy le Page checks in on palladium’s 10-year supply deficit, the biggest winners and losers in crypto for May, and IGO’s pivot from gold to lithium is complete.

But first… the day ahead.

TRADING HALTS

The following companies are in trading halts and are expected to exit over the next two trading days:

Tuesday

Genetic Technologies (ASX:GTG) – COVID test update
Traka Resources (ASX:TKL) – price query
Odyssey Gold (ASX:ODY) – capital raising
Latin Resources (ASX:LRS) – JORC resource

Wednesday

Synertec (ASX:SOP) – business update
Surefire Resources (ASX:SRN) – drilling results
Valor Resources (ASX:VAL) – exploration results
Estrella Resources (ASX:ESR) – exploration results
Peregrine Gold (ASX:PGD) – exploration results
ReNu Energy (ASX:RNE) – capital raising
Invoin (ASX:IVX) – transaction
Artemis Resources (ASX:ARV) – capital raising
Wisr (ASX:WZR) – capital raising
NSX (ASX:NSX) – capital raising

MARKETS

Gold: $US1,901.50 ($2,458.64) (-0.06%)

Silver: $US25.05 ($32.39) (+0.61%)

Oil (WTI): $US66.93 (+0.92%)

Oil (Brent): $US69.34 (+0.90%)

Coal: $US109.00 (+2.35%)

Iron 62pc Fe: $US205.73 (-0.31%)

AUD/USD: $US0.7733 (+0.27%)

Bitcoin: $US36,776.96 (+2.22%)

WHAT GOT YOU TALKING YESTERDAY?

Uranium is building up a head of steam.

#Uranium has been one of the best performing sectors over the last 6 months

Global Uranium Stock Price Performance Comparison

Period 25 Nov 2020 to 31 May 2021 (6 months)

FOLLOW @Stokdog pic.twitter.com/jwJRz0qjSw

— Stokdog (@stokdog) May 31, 2021

And the improvement in the budget – especially company and personal tax revenues – means that the government has options to help out regions or industry sectors as required, Commsec says.

[REPORT] Budget deficit: $40 billion smaller than forecast https://t.co/0FTHIgHUkP #ausecon pic.twitter.com/71DGmMzY3Z

— CommSec (@CommSec) May 31, 2021

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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.

Prominence Energy (ASX:PRM) was yeterday’s winner after raising $3.2m to enter the red hot hydrogen sector.

The company has signed a binding term sheet to acquire a 20 per cent stake in Patriot Hydrogen, which is building a biomass to hydrogen plant at Port Anthony in Victoria.

Singapore-based education technology platform 8VI Holdings (ASX:8VI) rose after releasing its annual report.

YESTERDAY’S LOSERS

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Troubled data forensics company Nuix (ASX:NXL) cut its FY21 forecast range for the second time in six weeks.

It says that full year revenue will come in between $173-182m, compared to the $180-185mm forecast provided in April.

The stock is currently down 48% on its December IPO price of $5.31 per share.