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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, mineral sands are on the rise, Rio to buy instant top 10 lithium status, and which ASX stocks are takeover targets?
But first … the day ahead.
Scheduled to list today are oyster farmer East 33 (ASX:ETT) at 12.30pm (AEST) and WA copper-gold explorer M3 Mining (ASX:M3M) at 11.30am.
TRADING HALTS
The following companies are in trading halts and are expected to exit over the next two trading days:
Today
Pilbara Minerals (ASX:PLS) – cleansing correction
BPM Minerals (ASX:BPM) – cleansing correction
Imugene (ASX:IMU) – capital raising
Aroa Biosurgery (ASX:ARX) – capital raising
Magnis Energy Technologies (ASX:MNS) – capital raising
Victory Mines (ASX:VIC) – capital raising
Friday
Tasman Resources (ASX:TAS) – drill program update
Conico (ASX:CNJ) – drill program update
Zenith Minerals (ASX:ZNC) – capital raising
Melbana Energy (ASX:MAY) – capital raising
Rhythm Biosciences (ASX:RHY) – capital raising
Allegiance Coal (ASX:AHQ) – capital raising
MARKETS
Gold: $US1,806.74 ($2,450.81) (+0.45%)
Silver: $US24.95 ($33.84) (+1.12%)
Oil (WTI): $US72.37 (+1.00%)
Oil (Brent): $US74.73 (+0.34%)
Coal: $US148.10 (+0.49%)
Iron 62pc Fe: $US214.44 (-0.26%)
AUD/USD: $US0.7371 (+0.20%)
Bitcoin: $US39,901.28 (+4.10%)
WHAT GOT YOU TALKING YESTERDAY?
Lithium play Vulcan Energy Resources (ASX:VUL) listed at 20c back in mid-2018 and is up an astonishing ~4000% since, with a market cap of $980 million. Here’s why.
Vulcan owns what it says is Europe’s largest #lithium resource https://t.co/jq6BmCpQLS $VUL @VulcanEnergyRes
— Stockhead (@StockheadAU) July 27, 2021
Tomorrow is going to be better. Thanks JPow!
A bunch of Reddit users argued that US Fed Reserve chair Jerome Powell would not allow Wall Street to finish red three days in a row, so #Wallstreetbets user nobjos did a “quick and dirty” analysis.
This I what they came up with.
https://t.co/fPsPcR2ZTO— Stockhead (@StockheadAU) July 27, 2021
To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.
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 |
|---|---|---|---|---|
| OAK | Oakridge | 0.0015 | 50 | 25008 |
| IKW | Ikwezi Mining Ltd | 0.26 | 30 | 24873 |
| MCM | Mc Mining Ltd | 0.145 | 26 | 791129 |
| GSN | Great Southern | 0.057 | 24 | 843184 |
| A3D | Aurora Labs Limited | 0.115 | 24 | 8489671 |
| CMM | Capricorn Metals | 2.25 | 23 | 4450227 |
| VN8 | Vonex Limited. | 0.15 | 20 | 3246902 |
| CGB | Cann Global Limited | 0.006 | 20 | 1342435 |
| VPR | Volt Power Group | 0.003 | 20 | 4406208 |
| S66 | Star Combo | 0.34 | 19 | 86768 |
| GTE | Great Western Exp. | 0.165 | 18 | 170957 |
| OBM | Ora Banda Mining Ltd | 0.15 | 15 | 1403760 |
| EMH | European Metals Hldg | 1.67 | 15 | 738852 |
| GMN | Gold Mountain Ltd | 0.023 | 15 | 8510303 |
| TAS | Tasman Resources Ltd | 0.033 | 14 | 3380669 |
| BPP | Babylon Pump & Power | 0.017 | 13 | 4164259 |
| THR | Thor Mining PLC | 0.017 | 13 | 2872648 |
| WSI | Weststar Industrial | 0.034 | 13 | 88949783 |
| SBR | Sabre Resources | 0.0045 | 13 | 2500000 |
| STK | Strickland Metals | 0.055 | 12 | 6693005 |
| AVE | Avecho Biotech Ltd | 0.019 | 12 | 603089 |
| OPN | Oppenneg | 0.3 | 11 | 539063 |
| PAM | Pan Asia Metals | 0.15 | 11 | 18500 |
Additive manufacturer Aurora Labs (ASX:A3D) announced it had engaged with BAE Systems Maritime Australia to perform test printing for its Hunter Class Frigate Program – which is building new ships for the navy to replace the current fleet.
Engineering firm Weststar Industrial (ASX:WSI) won a $145 million contract for Fortescue’s Iron Bridge Magnetite project.
Companies climbing off the back of quarterlies included Vonex (ASX:VN8) and Babylon Pump & Power (ASX:BPP).
YESTERDAY’S LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| YPB | YPB Group Ltd | 0.001 | -50 | 701000 |
| AIB | Aurora Glb Trust | 0.21 | -38 | 166695 |
| TSO | Tesoro Resources Ltd | 0.115 | -26 | 25234335 |
| TRN | Torrens Mining | 0.215 | -22 | 6454923 |
| SIH | Sihayo Gold Limited | 0.009 | -18 | 5628256 |
| AIQ | Alternative Invest | 0.115 | -18 | 8702 |
| CHZ | Chesser Resources | 0.12 | -17 | 328000 |
| OVT | Ovato Limited | 0.0025 | -17 | 7501500 |
| ZNO | Zoono Group Ltd | 0.66 | -16 | 1391183 |
| KEY | KEY Petroleum | 0.003 | -14 | 6861337 |
| RBR | RBR Group Ltd | 0.006 | -14 | 3070995 |
| CLA | Celsius Resource Ltd | 0.031 | -14 | 2520069 |
| ESS | Essential Metals Ltd | 0.13 | -13 | 744834 |
| SPA | Spacetalk Ltd | 0.205 | -13 | 324207 |
| AO1 | Assetowl Limited | 0.007 | -13 | 5149038 |
| AUQ | Alara Resources Ltd | 0.014 | -13 | 61519 |
| GES | Genesis Resources | 0.014 | -13 | 55000 |
| MRD | Mount Ridley Mines | 0.0035 | -13 | 5333987 |
| MML | Medusa Mining Ltd | 0.805 | -13 | 2003899 |
| TTM | Titan Minerals | 0.105 | -13 | 1389974 |
| IPB | IPB Petroleum Ltd | 0.021 | -13 | 50000 |
| DTR | Dateline Resources | 0.092 | -12 | 1335666 |
Joint venture partners Coda Minerals (ASX:COD) and Torrens Mining (ASX:TRN) fell after the latest update from their IOCG project in South Australia.
Tesoro Resources (ASX:TSO) dropped after defining a maiden mineral resource for the Ternera gold deposit at its El Zorro project in Chile.
