Rise and Shine: What you need to know before the ASX opens

On Stockhead today, Vulcan responds to J Capital’s short report, China sparks a scramble for magnesium supply, and the challenge to reduce the carbon footprint of ammonia — a crucial ingredient in fertilisers.

But first…the day ahead.

Today the ABS issues business inflation data. Labour shortages, supply chain disruptions and the energy price crunch will be the focus, CommSec says.

Retail trade data and private sector credit data for September will also be released.

TRADING HALTS

The following companies are in trading halts and are expected out in the next two trading days:

Friday

Bioxyne (ASX:BXN) – potential acquisition
Vulcan (ASX:VUL) – short seller response
Mighty Craft (ASX:MCL) – capital raising
Gascoyne Resources (ASX:GCY) – takeover offer update
ECS Botanics (ASX:ECS) – capital raising
Sky Metals (ASX:SKY) – capital raising
Pacific Nickel Mines (ASX:PNM) – capital raising
Prospect Resources (ASX:PSC) – capital raising
Korab Resources (ASX:KOR) – capital raising

Monday

MARKETS

Gold: $US1,798.33 ($2,384.44) (+0.09%)

Silver: $US24.05 ($31.89) (+0.05%)

Oil (WTI): $US83.17 (+0.62%)

Oil (Brent): $US84.51 (-0.08%)

Coal: $US223.35 (-0.00%)

Iron 62pc Fe: $US121.94 (-0.34%)

AUD/USD: $US0.7542 (+0.33%)

Bitcoin: $US62,024.50 ($82,239.53) (+4.95%)

WHAT GOT YOU TALKING YESTERDAY?

$SHIB goes mental. Punters wonder what could have been.

the $200 of $SHIB i sold last year now worth $21M.. no big deal pic.twitter.com/AgytqITGSL

— hundo (@BitcoinTo100k) October 27, 2021

To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.

For all you crypto lovers Stockhead’s Coinhead 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
IVX	Invion Ltd	0.031	138%	498,430,006
ALT	Analytica Limited	0.002	100%	6,109,392
NPM	Newpeak Metals	0.002	100%	4,333,334
OAK	Oakridge	0.002	100%	1,066,816
ANL	Amani Gold Ltd	0.003	50%	24,669,437
PIL	Peppermint Inv Ltd	0.022	29%	56,338,509
VPR	Volt Power Group	0.003	20%	54,786,059
SPN	Sparc Tech Ltd	1.23	19%	1,875,823
DEL	Delorean Corporation	0.225	18%	1,784,496
AFA	ASF Group Limited	0.052	18%	20,000
MXO	Motio Ltd	0.084	17%	519,218
AFW	Applyflow Limited	0.007	17%	69,062,158
AUH	Austchina Holdings	0.007	17%	7,271,315
GGX	Gas2Grid Limited	0.0035	17%	877,215
BBT	Bluebet Holdings Ltd	2	16%	1,675,856
GL1	Globallith	0.485	15%	1,452,628

Cancer-fighting company Invion (ASX:IVX) was the standout performer of the day – up 138% — after studies showed “complete regression of triple negative breast cancer (TNBC) in vivo (on mice)” following application of the company’s INV043 treatment.

“TNBC is a hard-to-treat cancer that is resistant to most chemotherapies,” IVX said.

The results showed that tumour masses were undetectable after two weeks, with no scarring or recurrence of the disease which suggests “protective immunity”, the company added.

Invion CEO Thian Chew said the in vivo tests “sets the foundation for Invion to progress INV043 towards clinical trials”.

Meanwhile, Philippines-based tech play Peppermint Innovations (ASX:PIL) secured a gateway agreement with Dragonpay, one of the country’s largest payment networks.

Betting stock Bluebet (ASX:BBT) reported record turnover of $125.9 million for the quarter, up 67.4% up from 12 months ago.

And HR tech stock Applyflow (ASX:AFW) says recruitment firm Hudson Global Resources signed on to its Applypay service, which is a finance solution for recruiter invoices.

YESTERDAY’S LOSERS

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

Code	Company	Price	%	Volume
WOO	Wooboard Tech Ltd	0.002	-33.3%	210,877,921
YPB	YPB Group Ltd	0.002	-33.3%	17,334,432
PRM	Prominence Energy	0.008	-27.3%	126,338,159
KOR	Korab Resources	0.06	-20.0%	23,086,617
BAS	Bass Oil Ltd	0.002	-20.0%	1,823,001
VIC	Victory Mines Ltd	0.002	-20.0%	234,823
CMD	Cassius Mining Ltd	0.017	-19.0%	3,922,980
PBH	Pointsbet Holdings	8.63	-18.3%	10,944,332
RWD	Reward Minerals Ltd	0.14	-17.6%	2,178,148
RHI	Red Hill Iron	3.4	-16.9%	150,006
FHS	Freehill Mining Ltd.	0.025	-16.7%	1,467,208
BUX	Buxton Resources Ltd	0.096	-16.5%	880,454
PVW	PVW Res Ltd	0.42	-16.0%	514,027
DTC	Damstra Holdings	0.775	-15.8%	2,439,938
IBG	Ironbark Zinc Ltd	0.044	-15.4%	7,167,064

Oil and gas play Prominence (ASX:PRM) drilled a duster at Bowsprit-1, and will now “actively seek new prospective oil and gas assets or green hydrogen projects”.

“We are obviously disappointed with the Bowsprit-1 well result,” PRM boss Alex Parks says.

“We are pleased to have given our shareholders exposure to a good prospect with a material upside, but it did not work out this time.”

“At the current oil prices, the T1 reserves are still commercially significant for the Company, and we intend to drill that and put it on production next year. In the meantime, we will mature some of the projects we have under consideration and look to add a new energy project to the Company portfolio.”

Magnesium explorer Korab Resources (ASX:KOR) fell after completing a ~$1.9m placement at 5.5c per share – a 26.7% discount to the last traded price.

And while betting stock Pointsbet (ASX:PBH) increased turnover by 42%, it still reported negative cash of $38m for the quarter.