On Stockhead today, Guy le Page takes to tin, thermal coal hits nine-year highs and is the party over for iron ore?
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:
Today
PYC Therapeutics (ASX:PYC) – clinical results
Superloop (ASX:SLC) – capital raising and acquisition
Torrens Mining (ASX:TRN) – exploration update
Coda Minerals (ASX:COD) – exploration update
Bluglass (ASX:BLG) – capital raising
Zeus Resources (ASX:ZEU) – capital raising
Thursday
Duke Exploration (ASX:DEX) – capital raising
Celsius Resources (ASX:CLA) – drilling results
MARKETS
Gold: $US1,892.66 ($2,445.72) (-0.33%)
Silver: $US27.61 ($35.68) (-0.95%)
Oil (WTI): $US70.14 (+1.16%)
Oil (Brent): $US72.14 (+0.91%)
Coal: $US113.25 (+1.34%)
Iron 62pc Fe: $US207.84 (+2.68%)
AUD/USD: $US0.7738 (-0.23%)
Bitcoin: $US33,546.87 (-1.46%)
WHAT GOT YOU TALKING YESTERDAY?
It looks like JP Morgan now reckons lithium spodumene prices will hit “previous cycle highs of $US1000/t in 2024”. Massive, considering spod was selling for ~$US380/t late last year.
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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.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| DOR | Doriemus PLC | 0.155 | 107 | 5766727 |
| BIR | BIR Financial Ltd | 0.025 | 56 | 18329229 |
| CGS | Cogstate Ltd | 1.4 | 51 | 5880313 |
| APG | Austpac Resources NL | 0.002 | 33 | 7072238 |
| CVS | Cervantes Corp Ltd | 0.009 | 29 | 14348563 |
| GGX | Gas2Grid Limited | 0.0025 | 25 | 4555333 |
| YPB | YPB Group Ltd | 0.0025 | 25 | 4583571 |
| DTR | Dateline Resources | 0.105 | 24 | 552946 |
| AIS | Aeris Resources Ltd | 0.21 | 20 | 49718428 |
| MTC | Metalstech Ltd | 0.27 | 20 | 4348326 |
| AVL | Aust Vanadium Ltd | 0.024 | 20 | 18567452 |
| VPR | Volt Power Group | 0.003 | 20 | 2304752 |
| HWH | Houston We Have Ltd | 0.125 | 19 | 1830581 |
| BOE | Boss Energy Ltd | 0.195 | 18 | 22915584 |
| CTT | Cettire | 2.78 | 16 | 3430846 |
| CDX | Cardiex Limited | 0.094 | 16 | 9453470 |
| AGY | Argosy Minerals Ltd | 0.115 | 15 | 8811845 |
| TPP | Tempo Australia | 0.079 | 14 | 125000 |
| CAV | Carnavale Resources | 0.008 | 14 | 3427470 |
| KMT | Kopore Metals Ltd | 0.034 | 13 | 4779200 |
| BRK | Brookside Energy Ltd | 0.026 | 13 | 23091402 |
| EZZ | EZZ Life Science | 0.49 | 13 | 55437 |
UK-based oil and gas explorer Doriemus (ASX:DOR) gained 107% off the back of a $3 million capital raising.
Cogstate (ASX:CGS), one of the few ASX stocks fighting Alzheimer’s, rose after the FDA approved the first ever drug shown to fight Alzheimers head on (as opposed to merely treating symptoms).
The drug is owned by Biogen which is a partner of Cogstate’s partner Eisai. Cogstate says the green light will be good for its own solutions.
In resources, the top winner with news was Dateline Resources (ASX:DTR).
The gold junior revealed the results of ore processing trials which could boost gold grades, reduce processing costs and increase potential profits.
YESTERDAY’S LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| ALT | Analytica Limited | 0.002 | -33 | 148403 |
| ANL | Amani Gold Ltd | 0.001 | -33 | 1304092 |
| TAR | Taruga Minerals | 0.063 | -27 | 18101138 |
| GBE | Globe Metals &Mining | 0.11 | -24 | 10549601 |
| N1H | N1 Holdings Ltd | 0.05 | -23 | 115447 |
| BUX | Buxton Resources Ltd | 0.1 | -20 | 165958 |
| NPM | Newpeak Metals | 0.002 | -20 | 21219900 |
| T3D | 333D Limited | 0.002 | -20 | 121085 |
| PTX | Prescient Ltd | 0.135 | -18 | 10328438 |
| SEG | Sports Ent Grp Ltd | 0.25 | -18 | 9310 |
| LSA | Lachlan Star Ltd | 0.028 | -18 | 24502305 |
| ASQ | Australian Silica | 0.125 | -17 | 754621 |
| OBM | Ora Banda Mining Ltd | 0.175 | -15 | 3728210 |
| AFA | ASF Group Limited | 0.06 | -14 | 5622 |
| ENA | Ensurance Ltd | 0.024 | -14 | 1087142 |
| KNM | Kneomedia Limited | 0.006 | -14 | 2099910 |
| IMU | Imugene Limited | 0.32 | -14 | 68531658 |
| CPN | Caspin Resources | 1.78 | -13 | 1289577 |
| AFR | African Energy Res | 0.02 | -13 | 329384 |
| KGD | Kula Gold Limited | 0.041 | -13 | 1172951 |
| ROG | Red Sky Energy. | 0.007 | -13 | 53846996 |
| FFR | Firefly Resources | 0.105 | -13 | 1170806 |
Taruga Minerals (ASX:TAR) declined off the back of an exploration update.