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

 

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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

TickerNamePrice last FridayPrice this Friday% changeMarket cap
OCCORTHOCELL LTD0.110.41277 $ 50,150,588
LTRLIONTOWN RESOURCES LTD0.040.076100 $ 122,262,816
NMENEX METALS EXPLORATION LTD0.0130.02485 $ 4,575,829
PUAPURE ALUMINA LTD0.0270.06678 $ 8,212,365
GMCGULF MANGANESE CORP LTD0.0050.00960 $ 33,744,572
HWKHAWKSTONE MINING LTD0.0130.02154 $ 11,406,360
PCLPANCONTINENTAL OIL & GAS NL0.0020.00250 $ 16,220,146
SBRSABRE RESOURCES LTD0.0040.00650 $ 2,034,868
ADDADAVALE RESOURCES LTD0.0100.00350 $ 332,579
FFCFARMAFORCE LTD0.080.11544 $ 14,697,113
SESSECOS GROUP LTD0.0360.0542 $ 15,486,524
DW8DIGITAL WINE VENTURES LTD0.0050.00740 $ 5,449,641
DDTDATADOT TECHNOLOGY LTD0.0080.00937 $ 8,916,670
GLEGLG CORP LTD0.110.1536 $ 11,115,000
TSLTITANIUM SANDS LTD0.0140.01936 $ 12,071,007
KPOKALINA POWER LTD0.0200.02835 $ 19,578,862
DN8DREAMSCAPE NETWORKS LTD0.10.1435 $ 52,494,300
BMGBMG RESOURCES LTD0.0090.01233 $ 6,692,789
CVSCERVANTES CORP LTD0.0030.00433 $ 1,994,033
PWNPARKWAY MINERALS NL0.0030.00433 $ 2,433,308
BUYBOUNTY OIL & GAS NL0.0030.00433 $ 3,813,604
UWLUNITI WIRELESS LTD0.6150.8733 $ 107,439,320
AJJASIAN AMERICAN MEDICAL GROUP0.090.1233 $ 40,530,332
IBNIBUYNEW GROUP LTD0.0230.0330 $ 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

TickerNamePrice last FridayPrice this Friday% changeMarket cap
GESGENESIS RESOURCES LTD0.0080.006-25 $ 4,697,048
TSCTWENTY SEVEN CO LTD0.0040.003-25 $ 2,676,184
MSRMANAS RESOUCES LTD0.0040.003-25 $ 7,929,488
PCHPROPERTY CONNECT HOLDINGS0.0040.003-25 $ 2,057,590
CADCAENEUS MINERALS LTD0.0020.002-25 $ 2,792,948
MZNMARINDI METALS LTD0.0040.003-25 $ 6,397,113
RCPREDBANK COPPER LTD0.0240.018-25 $ 2,105,494
PURPURSUIT MINERALS LTD0.0230.016-26 $ 3,034,965
CXZCONNEXION TELEMATICS LTD0.0110.008-27 $ 6,761,321
LMWLANDMARK WHITE LTD0.380.275-28 $ 23,411,880
TBHBETMAKERS HOLDINGS LTD/THE0.0530.04-28 $ 11,483,966
P2PP2P TRANSPORT LTD0.320.23-28 $ 19,608,304
CZRCOZIRON RESOURCES LTD0.0140.010-29 $ 17,855,512
KKLKOLLAKORN CORP LTD0.0100.007-30 $ 1,468,440
ABVADVANCED BRAKING TECHNOLOGY0.0100.007-30 $ 2,079,349
ENTENTERPRISE METALS LTD0.0100.007-30 $ 2,809,889
HCOHYLEA METALS LTD0.0280.017-32 $ 1,902,629
QTGQ TECHNOLOGY GROUP LTD0.0090.006-33 $ 901,237
VARVARISCAN MINES LTD0.0010.001-33 $ 1,271,074
AROASTRO RESOURCES NL0.0030.002-33 $ 2,544,195
RXHREWARDLE HOLDINGS LTD0.0030.003-33 $ 1,052,643
CMCCHINA MAGNESIUM CORP LTD0.0350.020-43 $ 9,248,771
ICUISENTRIC LTD0.0120.006-50 $ 1,101,930
TMKTAMASKA OIL & GAS LTD0.0020.001-50 $ 1,960,000
ACWACTINOGEN MEDICAL LTD0.0480.015-69 $ 16,788,470

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