On Stockhead today, how do you spot the next Kidman, our expert’s top pick for a coal stock, and what Orthocell chief Paul Anderson had to say after that meteoric rise.

But first, here’s what you need to know about the day ahead.

 

The day ahead in data

The Reserve Bank of Australia today releases its quarterly monetary policy statement and the Australian Bureau of Statistics releases home loan data.

Globally, Chinese delegates are meeting with Trump in Washington, so watch out for continued volatility as a result of that.

At home, both the ASX200 and the ASX small ordinaries had modest gains on Thursday, after telco stocks experienced sharp falls on the back of the ACCC’s decision to block the proposed merger between Vodafone and TPG.

And with the federal election just nine days away, plenty hinges on whether Scott Morrison will manage to get through to another term by the skin of his teeth or Bill Shorten takes power.

 

Company news

G Medical (ASX:GMV) releases 233 million shares from escrow today.

The following seven companies have shares due out of a trading halt in the next 24 hours:

Friday:

  • Evolve Education Group (ASX:EVO) – capital raising
  • Pacific Bauxite (ASX:PBX) – update on project-related court proceedings
  • King Island Schleelite (ASX:KIS) – project redevelopment
  • Blackstone Minerals (ASX:BSX) – capital raising
  • 5G Networks (ASX:5GN) – capital raising
  • Terracom (ASX:TER) – capital raising
  • Impression Healthcare (ASX:IHL) – clarifying securities issue

 

Commodities

Gold: $US1286.24 ($1,840.52) +0.26%

Silver: $US14.74 -0.51%

Oil (Brent): $US70.10 -0.23%

Oil (WTI): $US61.70 -0.85%

Coal: $US87.90 -1.18%

Iron ore 62pc fe: $US94.19 -0.59%

AUD/USD: $US0.6989

 

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What got you talking yesterday

Fears of an oil armageddon had people talking on the Stockhead Facebook chat forum.

Member Mel Culley said: “Look out for a company(s) who design sulphur removal plants, Saudi Aramco will be screaming for help.”

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday:

 

 

Yesterday’s winners

Nex Metals Exploration (ASX:NME) was the day’s biggest winner, up 85 per cent to 2.4c, though it had no news out.

They were followed by Pure Alumina (ASX:PUA), also up 85 per cent, to 4.8c, after announcing sales growth of a company called Polar Sapphire, which it is acquiring.

The miner named after a song, Liontown Resources (ASX:LTR), keeps finding thick zones of high grade lithium outside the current resource at its Kathleen Valley lithium-tantalum project in WA, and that sent shares up 63 per cent to 8c at close.

TickerNamePrice% ChgVolumeMarket cap
NMENEX METALS EXPLORATION LTD0.0240.85116k$4,600,000
PUAPURE ALUMINA LTD0.0480.857.5M$8,200,000
SYTSYNTONIC LTD0.0050.6726.7M$16,200,000
LTRLIONTOWN RESOURCES LTD0.080.63179.4M$122,300,000
PCLPANCONTINENTAL OIL & GAS NL0.0030.52.0M$16,200,000
FPLFREMONT PETROLEUM CORP LTD0.010.4316.9M$15,900,000
DDTDATADOT TECHNOLOGY LTD0.0110.383.6M$8,900,000
DN8DREAMSCAPE NETWORKS LTD0.1350.354.4M$52,500,000
OEXOILEX LTD0.0040.332.7M$10,300,000
BUYBOUNTY OIL & GAS NL0.0040.33347k$3,800,000
YPBYPB GROUP LTD0.0080.336.3M$7,300,000
GMCGULF MANGANESE CORP LTD0.0080.3397.4M$33,700,000
PWNPARKWAY MINERALS NL0.0040.332.0M$2,400,000
BMGBMG RESOURCES LTD0.0120.3338.3M$6,700,000
AJJASIAN AMERICAN MEDICAL GROUP0.120.332k$40,500,000
LRSLATIN RESOURCES LTD0.0020.33500k$6,800,000
TSLTITANIUM SANDS LTD0.0190.27597.3k$12,100,000
HCOHYLEA METALS LTD0.0190.2750k$1,900,000
ALTANALYTICA LTD0.0050.251.0M$16,700,000

 

Yesterday’s losers

Strangely enough, yesterday’s biggest winner Orthocell (ASX:OCC) was among the falls, closing down 21 per cent to 42c.

That was despite hitting as high as 78c earlier in the day, which represented a gain of more than 500 per cent on the company’s Tuesday closing price of 11.5c.

TickerNamePrice% ChgMarket CapVolume
SROShareroot0.001-33%$1,570,000299.9k
AROAstro Resources0.002-33%$3,820,0002.9k
GOOGooroo Ventures0.04-22%$5,400,000129.0k
DW8Dawine0.007-22%$5,500,0006.8M
OCCOrthocell0.40-21%$38,500,00073.4M
AEEAura Energy0.008-20%$9,700,00012.8M
PSMPeninsula Mines0.004-20%$3,500,000262.0k
VP7Velocity Property0.028-20%$10,100,000162.9k
VKAViking Mines0.012-20%$3,800,0001.1M
CTOCitigold Corporation0.004-20%$8,600,000995.0k
UTRUltracharge0.004-20%$3,800,000204.1k
TPCTel Pacific0.65-19%$7,300,0001.6k
BAUBauxite Resources0.048-17%$10,300,00022.0k
IBXImagion Biosystems0.03-17%$9,700,000244.8k
DVNDevine0.15-16%$23,800,0005.1k
KTDKeytone Dairy0.49-16%$72,800,0001.6M

 
That’s all you need to know. Here comes the weekend.