On Stockhead today, the stock that has soared 10,000pc, all you need to know about Custom Indexing, and are lithium stock valuations overstretched?

But first… the day ahead

China signals that its crackdown on businesses could last for years, with the government unveiling a five-year plan to tighten regulations.

Back home on the COVID-19 front, the ACT has gone into a seven-day snap lockdown starting from 5pm last night.

To the ASX, companies expected to report annual earnings today include: Resmed (ASX:RMD), Incannex Healthcare (ASX:IHL), and 3P Learning (ASX:3PL).

Australia’s new homes sales for July will also be released today. June’s figures came in at 5,841 units, a 15% gain from the prior month.

TRADING HALTS

Today

Magnum Mining and Exploration (ASX:MGU) – offtake agreement
Duketon Mining (ASX:DKM) – exploration results

Monday

Creso Pharma (ASX:CPH) – Health Canada license
Galan Lithium (ASX:GLN) – capital raising
Dimerix (ASX:DXB) – capital raising
Alexium (ASX:AJX) – sales update clarification

 

MARKETS

Gold: $US1,752.77 ($2,388.30) (+0.07%)
Silver: $US23.16 ($31.56) (-1.44%)
Oil (WTI): $US68.91 (-0.49%)
Oil (Brent): $US71.14 (-0.42%)
Coal: $US168.75 (+0.99%)
Iron 62pc Fe: $US167.94 (-0.66%)
AUD/USD: $US0.7335 (-0.53%)
Bitcoin: $US$44,421.30 (-3.43%)

 

WHAT GOT YOU TALKING YESTERDAY?

Earnings. And some good ones too.

And Woodside Petroleum (ASX: WPL), which is about to make the oft-delayed final investment decision on Scarborough.

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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.’

Stocks highlighted in yellow rose after making announcements during intraday trade.

Code Company Price % Volume
CNR Cannon Resources 0.3 50.0% 8,378,600
CLZ Classic Min Ltd 0.0015 50.0% 61,324,148
AJX Alexium Int Group 0.097 34.7% 16,355,484
ADA Adacel Technologies 1.375 33.5% 1,681,653
PCL Pancontinental Oil 0.002 33.3% 1,050,000
TSC Twenty Seven Co. Ltd 0.004 33.3% 1,045,019
ARC Aust Rural Cap Ltd 0.595 32.2% 260,127
SOR Strategic Elements 0.4 27.0% 17,148,669
ADV Ardiden Ltd 0.015 25.0% 81,541,604
AFR African Energy Res 0.025 25.0% 1,994,574
CCE Carnegie Cln Energy 0.0025 25.0% 6,273,173
GGX Gas2Grid Limited 0.0025 25.0% 2,300,000
POW Protean Energy Ltd 0.01 25.0% 16,961,449
CHR Charger Metals 0.71 24.6% 9,131,873
STM Sunstone Metals Ltd 0.027 22.7% 64,490,141
RSH Respiri Limited 0.08 21.2% 1,811,969
RLC Reedy Lagoon Corp. 0.023 21.1% 25,181,363
AVL Aust Vanadium Ltd 0.03 20.0% 42,864,913
CLE Cyclone Metals 0.006 20.0% 37,273,962
DCX Discovex Res Ltd 0.006 20.0% 341,666

 

Among stocks with news, ASX debutante Cannon Resources (ASX:CNR) led the pack after making a strong start to listed life.

The nickel play, which was spun out of Rox Resources (ASX:ROX), raised $6m from investors at 20c and climbed to 30c for a day one gain of 50%.

Elsewhere, the two technology stocks that caught the market’s attention yesterday — air traffic control software company Adacel (ASX:ADA) and mattress tech company Alexium (ASX:AJX) both held their gains after reporting strong full-year updates.

And investment group Australian Rural Capital (ASX:ARC) rose more than 30% after flagging it had taken a 40% stake in Merewether Capital Management, a new fund set for launch this year that will be run by former Oracle stock picker Luke Winchester.

 

YESTERDAY’S LOSERS

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
ANL Amani Gold Ltd 0.001 -33.3% 7,150
NPM Newpeak Metals 0.0015 -25.0% 6,392,525
OEX Oilex Ltd 0.003 -25.0% 7,500,746
T3D 333D Limited 0.0015 -25.0% 4,546,009
XTC Xantippe Res Ltd 0.0015 -25.0% 850,000
PGY Pilot Energy Ltd 0.064 -22.0% 37,108,643
XST Xstate Resources 0.004 -20.0% 4,916,971
ENV Enova Mining Limited 0.025 -16.7% 140,434
IPB IPB Petroleum Ltd 0.017 -15.0% 1,922,091
NTL New Talisman Gold 0.003 -14.3% 3,000,000
KLR Kaili Resources Ltd 0.025 -13.8% 10,000
JAL Jameson Resources 0.095 -13.6% 40,000
ACB A-Cap Energy Ltd 0.052 -13.3% 92,618
KP2 Kore Potash PLC 0.014 -12.5% 551,333
ANP Antisense Therapeutics 0.175 -12.5% 5,532,970