On Stockhead today, Australian could be a serious tantalum supplier, does DevEx Resources have a modern day Coronation Hill on its hands, and what happened to these seriously big ASX one-day gainers?

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

 

The week ahead in data

Expect market volatility this week, as China has vowed to retaliate after the US raised tariffs on Chinese products by a whopping 15 per cent.

At home, it is a busy week of data, starting today with more home loan and investment lending figures from the Australian Bureau of Statistics. On Tuesday NAB releases its business confidence report for April, followed on Wednesday by Westpac’s consumer confidence report for May.

The ABS also releases quarterly and yearly wage price index figures on Wednesday.

There is a slew of data being released on Thursday, including consumer inflation expectations for May from the Melbourne Institute and a heap of employment data from the ABS. The Reserve Bank of Australia’s assistant governor Michele Bullock will also be delivering a speech on Thursday.

 

Company news

Here’s our list of companies with shares coming out of escrow this week, though we will keep you informed on a daily basis.

The following six companies are due out of a trading halt in the next 48 hours:

Tuesday:

  • Impression Healthcare (ASX:IHL) – clarifying securities issue
  • Avenira (ASX:AEV) – capital raising
  • WhiteHawk (ASX:WHK) – capital raising
  • Wiseway Group (ASX:WWG) – earnings outlook
  • Northern Cobalt (ASX:N27) – capital raising
  • Animoca Brands (ASX:AB1) – capital raising

 

Commodities

Gold: $US1,285.60 ($1,838.20) +0.14%

Silver: $US14.75 -0.03%

Oil (Brent): $US70.62 +0.33%

Oil (WTI): $US61.66 -0.06%

Coal: $US87.50 -0.46%

Iron ore 62pc fe: $US95.08 +0.89%

AUD/USD: $US0.6994

 

Want this headstart in your inbox every morning at 8am? Go on. Subscribe here. It’s free

 

What got you talking last week

Magic mushrooms. That really had people talking on the Stockhead Facebook chat forum. Denver decriminalised the substance, psilocybin, during the week.

Hydrogen also had people talking, after Canadian researchers said they found a way to make hydrogen fuel cells cheap enough to replace traditional gasoline engines in vehicles.

Member Todd Thurkettle asked, “is now the right time to jump into hydrogen-based fuel companies?”

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

Hear why Orthocell (ASX:OCC) and Liontown Resources (ASX:LTR) were up there down below. Genetic Technologies (ASX:GTG) got in there today on the basis of news it has come up with new risk profile tests for two types of cancer.

 

 

Last week’s winners

No surprises that the week’s biggest winner was Orthocell (ASX:OCC), which rose 277 per cent to 41c after patients reported the company’s CelGro collagen scaffold treatment had helped their nerve damage issues.

Company chief Paul Anderson later told Stockhead “the sky is the limit” for Orthocell. “There has been a realisation within the market that we were grossly undervalued.”

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 its shares rose 100 per cent to 7.6c.

The latest round of drilling results, which includes 18m at 1.6 per cent Li2O from 189m, could substantially increase the current mineral resource estimate, the company says.

Here are the best performing ASX small cap stocks for May 6-10:

Swipe or scroll to reveal full table. Click headings to sort

Ticker Name Price last Friday Price this Friday % change Market cap
OCC ORTHOCELL LTD 0.11 0.41 277 $ 50,150,588
LTR LIONTOWN RESOURCES LTD 0.04 0.076 100 $ 122,262,816
NME NEX METALS EXPLORATION LTD 0.013 0.024 85 $ 4,575,829
PUA PURE ALUMINA LTD 0.027 0.066 78 $ 8,212,365
GMC GULF MANGANESE CORP LTD 0.005 0.009 60 $ 33,744,572
HWK HAWKSTONE MINING LTD 0.013 0.021 54 $ 11,406,360
PCL PANCONTINENTAL OIL & GAS NL 0.002 0.002 50 $ 16,220,146
SBR SABRE RESOURCES LTD 0.004 0.006 50 $ 2,034,868
ADD ADAVALE RESOURCES LTD 0.010 0.003 50 $ 332,579
FFC FARMAFORCE LTD 0.08 0.115 44 $ 14,697,113
SES SECOS GROUP LTD 0.036 0.05 42 $ 15,486,524
DW8 DIGITAL WINE VENTURES LTD 0.005 0.007 40 $ 5,449,641
DDT DATADOT TECHNOLOGY LTD 0.008 0.009 37 $ 8,916,670
GLE GLG CORP LTD 0.11 0.15 36 $ 11,115,000
TSL TITANIUM SANDS LTD 0.014 0.019 36 $ 12,071,007
KPO KALINA POWER LTD 0.020 0.028 35 $ 19,578,862
DN8 DREAMSCAPE NETWORKS LTD 0.1 0.14 35 $ 52,494,300
BMG BMG RESOURCES LTD 0.009 0.012 33 $ 6,692,789
CVS CERVANTES CORP LTD 0.003 0.004 33 $ 1,994,033
PWN PARKWAY MINERALS NL 0.003 0.004 33 $ 2,433,308
BUY BOUNTY OIL & GAS NL 0.003 0.004 33 $ 3,813,604
UWL UNITI WIRELESS LTD 0.615 0.87 33 $ 107,439,320
AJJ ASIAN AMERICAN MEDICAL GROUP 0.09 0.12 33 $ 40,530,332
IBN IBUYNEW GROUP LTD 0.023 0.03 30 $ 653,805

 

Last week’s losers

The week’s biggest faller was Actinogen Medical (ASX:ACW), which sadly revealed a 10mg dose of its drug Xanamem was safe and well-tolerated by patients, but not effective in treating Alzheimer’s disease.

Shares in Actinogen fell 69 per cent to 1.5c, though the biotech lives to fight another day and will continue to trial different dosages to treat patients.

Here are the worst performing ASX small cap stocks for May 6-10:

Swipe or scroll to reveal full table. Click headings to sort

Ticker Name Price last Friday Price this Friday % change Market cap
GES GENESIS RESOURCES LTD 0.008 0.006 -25 $ 4,697,048
TSC TWENTY SEVEN CO LTD 0.004 0.003 -25 $ 2,676,184
MSR MANAS RESOUCES LTD 0.004 0.003 -25 $ 7,929,488
PCH PROPERTY CONNECT HOLDINGS 0.004 0.003 -25 $ 2,057,590
CAD CAENEUS MINERALS LTD 0.002 0.002 -25 $ 2,792,948
MZN MARINDI METALS LTD 0.004 0.003 -25 $ 6,397,113
RCP REDBANK COPPER LTD 0.024 0.018 -25 $ 2,105,494
PUR PURSUIT MINERALS LTD 0.023 0.016 -26 $ 3,034,965
CXZ CONNEXION TELEMATICS LTD 0.011 0.008 -27 $ 6,761,321
LMW LANDMARK WHITE LTD 0.38 0.275 -28 $ 23,411,880
TBH BETMAKERS HOLDINGS LTD/THE 0.053 0.04 -28 $ 11,483,966
P2P P2P TRANSPORT LTD 0.32 0.23 -28 $ 19,608,304
CZR COZIRON RESOURCES LTD 0.014 0.010 -29 $ 17,855,512
KKL KOLLAKORN CORP LTD 0.010 0.007 -30 $ 1,468,440
ABV ADVANCED BRAKING TECHNOLOGY 0.010 0.007 -30 $ 2,079,349
ENT ENTERPRISE METALS LTD 0.010 0.007 -30 $ 2,809,889
HCO HYLEA METALS LTD 0.028 0.017 -32 $ 1,902,629
QTG Q TECHNOLOGY GROUP LTD 0.009 0.006 -33 $ 901,237
VAR VARISCAN MINES LTD 0.001 0.001 -33 $ 1,271,074
ARO ASTRO RESOURCES NL 0.003 0.002 -33 $ 2,544,195
RXH REWARDLE HOLDINGS LTD 0.003 0.003 -33 $ 1,052,643
CMC CHINA MAGNESIUM CORP LTD 0.035 0.020 -43 $ 9,248,771
ICU ISENTRIC LTD 0.012 0.006 -50 $ 1,101,930
TMK TAMASKA OIL & GAS LTD 0.002 0.001 -50 $ 1,960,000
ACW ACTINOGEN MEDICAL LTD 0.048 0.015 -69 $ 16,788,470

That’s all you need to know. Time to get this Monday party started.