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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, a chat with bonkers IPO stock Kuniko’s chairman, the latest growth forecast for silver and can Nuix come back from the dead?
But first … the day ahead.
TRADING HALTS
The following companies are in trading halts and are expected out in the next two trading days:
Friday:
Viva Leisure (ASX:VVA) – capital raising
Monday
Environmental Clean Technologies (ASX:ECT) – cleansing notice lodging
Barra Resources (ASX:BAR) – capital raising
Nutritional Growth Solutions (ASX:NGS) – capital raising
Ragusa Minerals (ASX:RAS) – lodging prospectus
MARKETS
Gold: $US1,791.90 ($2,475.69) (+0.07%)
Silver: $US23.54 ($32.52) (-1.33%)
Oil (WTI): $US67.78 (-0.85%)
Oil (Brent): $US71.44 (-1.12%)
Coal: $US170.75 (+0.44%)
Iron 62pc Fe: $US159.63 (-0.18%)
AUD/USD: $US0.7236 (-0.50%)
Bitcoin: $US47,193.03 (-3.31%)
WHAT GOT YOU TALKING YESTERDAY?
The pump, and then dump, of newly listed base metals explorer Kuniko. Who was left holding the bag?
What kind of numbnut pays $3.60 into a +1800% parabolic equity move and then thinks I should make good coin on this one? 😂🤣
— Assad Tannous (@AsennaWealth) August 26, 2021
Oh hey, there you are. ‘How to Perfectly Time the Peak’ by u/jhaago.
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For all you crypto lovers Stockhead’s Cryptohead Facebook group is the place to share your views, insights, tips and ideas.
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 |
|---|---|---|---|---|
| KNI | Kuniko Ltd | 1.895 | 147.7% | 18,672,500 |
| OEX | Oilex Ltd | 0.004 | 33.3% | 5,950,000 |
| XTC | Xantippe Res Ltd | 0.002 | 33.3% | 101,850 |
| LNY | Laneway Res Ltd | 0.005 | 25.0% | 4,168,626 |
| VIC | Victory Mines Ltd | 0.0025 | 25.0% | 15,210,356 |
| BMM | Balkan Mining | 0.65 | 23.8% | 775,085 |
| BMO | Bastion Minerals | 0.21 | 23.5% | 4,304,543 |
| ACP | Audalia Res Ltd | 0.016 | 23.1% | 179,900 |
| PAB | Patrys Limited | 0.044 | 22.2% | 27,575,736 |
| ALG | Ardentleisuregrpltd | 1.255 | 20.7% | 12,949,660 |
| TKM | Trek Metals Ltd | 0.082 | 20.6% | 9,123,395 |
| DDT | DataDot Technology | 0.009 | 20.0% | 11,752,580 |
| EPM | Eclipse Metals | 0.036 | 20.0% | 34,873,808 |
| DLC | Delecta Limited | 0.006 | 20.0% | 2,777,656 |
| OVT | Ovato Limited | 0.003 | 20.0% | 4,984,687 |
| SWP | Swoop Holdings Ltd | 1.53 | 19.1% | 556,136 |
| FEL | Fe Limited | 0.073 | 17.7% | 9,002,786 |
| PO3 | Purifloh Ltd | 1.295 | 17.7% | 2,792 |
| ATR | Astron Corp Ltd | 0.45 | 16.9% | 1,912 |
| AMO | Ambertech Limited | 0.32 | 16.4% | 2,407,866 |
| BID | Bill Identity Ltd | 0.51 | 15.9% | 746,725 |
| LSA | Lachlan Star Ltd | 0.03 | 15.4% | 8,823,531 |
| FCL | Fineos Corp Hold PLC | 4.24 | 15.2% | 1,316,861 |
| BKL | Blackmores Limited | 91.69 | 14.9% | 221,628 |
| PAK | Pacific American Hld | 0.016 | 14.3% | 577,973 |
Like Vulcan, spin-off Kuniko has zero-carbon ambitions to develop its resources projects, which are based in Norway.
After raising pre-IPO funds at 20c, KNI shares closed on Tuesday at 85c for a day-one gain of more than 300%.
Following a lull Wednesday, the stock mooned again Thursday on a surge in volume, which saw it briefly climb to more than $3 before going into a trading halt at $1.90 just before 3:30pm AEST.
Early-stage soil sampling — which is what Kuniko is now doing at its Skuterud cobalt project and the Vangrøfta copper project — historically hasn’t been a catalyst for 10-bagger returns within two days of listing.
The surging volumes for KNI shares gave rise to some outsized gains before the ASX put a stop to things just prior to the closing bell.
YESTERDAY’S LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| VIA | Viagold Rare Earth | 0.049 | -27.9% | 200 |
| CLZ | Classic Min Ltd | 0.0015 | -25.0% | 138,568,622 |
| MLS | Metals Australia | 0.0015 | -25.0% | 7,853,588 |
| YPB | YPB Group Ltd | 0.0015 | -25.0% | 2,200,000 |
| APX | Appen Limited | 10.92 | -21.0% | 9,534,965 |
| ARO | Astro Resources NL | 0.004 | -20.0% | 594,328 |
| T3D | 333D Limited | 0.002 | -20.0% | 2,488 |
| VPR | Volt Power Group | 0.002 | -20.0% | 10 |
| CCG | Comms Group Ltd | 0.083 | -16.2% | 2,702,729 |
| SEG | Sports Ent Grp Ltd | 0.21 | -16.0% | 2,375 |
| WFL | Wellfully Limited | 0.105 | -16.0% | 6,834,146 |
| CAV | Carnavale Resources | 0.006 | -14.3% | 2,730,000 |
| CVS | Cervantes Corp Ltd | 0.006 | -14.3% | 1,117,350 |
| SIX | Sprintex Ltd | 0.06 | -14.3% | 42,243 |
| FTC | Fintech Chain Ltd | 0.064 | -13.5% | 98,973 |
| DDD | 3D Resources Limited | 0.0035 | -12.5% | 2,970,626 |
| BIR | BIR Financial Ltd | 0.021 | -12.5% | 47,619 |
| LNK | Link Admin Hldg | 4.52 | -12.2% | 8,284,909 |
| A2M | The A2 Milk Company | 6.05 | -11.8% | 25,999,514 |
| AZS | Azure Minerals | 0.315 | -11.3% | 4,044,787 |
| SBW | Shekel Brainweigh | 0.12 | -11.1% | 103,453 |
| IEC | Intra Energy Corp | 0.008 | -11.1% | 70,056 |
| CYQ | Cycliq Group Ltd | 0.025 | -10.7% | 2,680,132 |
| IFL | IOOF Holdings Ltd | 4.545 | -10.5% | 9,652,972 |
| GAS | State GAS Limited | 0.39 | -10.3% | 963,605 |
