On Stockhead today, Guy Le Page runs the ruler over battered lithium play Vulcan, October’s top 50 miners and explorers and Renergen gets a 620pc helium lift.

But first, the day ahead.

Today in economic data, look out for the International trade balance and retail sales for September.

In IPOs, the ASX will welcome Vulcan Steel (ASX:VSL). This company is a steel distributor which has no relation to the “other” Vulcan.

 

TRADING HALTS

Thursday

Alvo Minerals (ASX:ALV) – exploration update
Berkeley Energia (ASX:BKY) – claim made by OIA
MetalsTech (ASX:MTC) – acquisition

Friday

Emu (ASX:EMU) – capital raising
Fiji Kava (ASX:FIJ) – acquisition
E&P Financial (ASX:EP1) – legal proceedings

 

MARKETS (prices updated 7.30am AEDT)

Gold: $US1,772.16 ($2,377.19) (-0.84%)

Silver: $US22.53 ($30.22) (+0.05%)

Oil (WTI): $US79.93 (-4.74%)

Oil (Brent): $US81.28 (-4.06%)

Coal: $US158.30 (+11.64%)

Iron 62pc Fe: $US99.35 (-0.05%)

AUD/USD: $US0.7454 (+0.34%)

Bitcoin: $US62,935.66 ($84,422.46) (-0.74%)

 

WHAT GOT YOU TALKING YESTERDAY?

You’d be forgiven for missing this week’s round of IPOs with Melbourne Cup week. But this week’s were among the best of the year.

Step One (ASX:STP) gained over 70% on its opening day.

Then on Tuesday, engineering service provider RemSense Technologies (ASX:REM) had a sizzling hot debut gaining 165%.

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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

(Stocks highlighted in yellow rose after making announcements during the trading day).

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

Arcadia Minerals (ASX:AM7) held its gains from morning trade amid the ongoing lithium frenzy.

Investors responded to AM7’s decision to acquire three more licences containing JORC resources abutting its ~3,438sqkm ‘Bitterwasser’ lithium project in Namibia.

Also rising strongly was energy stock Renergen (ASX:RLT), which announced a “significant increase” (around 600%) in methane and helium reserves at its flagship Virginia gas project in South Africa.

And healthcare stock Paradigm Biopharmaceuticals (ASX:PAR) closed more than 20% higher, after getting US FDA clearance of its IND (investigational new drug) application.

The approval gives PAR the all-clear to proceed with a Phase 3 trial for PPS/Zilosu — an injectable drug that treats pain associated with knee osteoarthritis.

 

YESTERDAY’S LOSERS

(Stocks highlighted in yellow fell after making announcements during the trading day).

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

Spain-based uranium developer Berkeley Energia (ASX:BKY) was a notable laggard in Wednesday trade, after announcing that it faces a possible courtroom battle. BKY said it had received a claim from the Singapore Mining Acquisition Co Pte Ltd (a subsidiary of the Oman Investment Authority) in connection with a US$65m convertible note.

Singapore Mining says the amount is “immediately payable”, alleging the investment agreement has been “frustrated” and/or a default event has occurred. In response, BKY said it “strongly disputes the allegations and claim made by OIA and is currently seeking legal advice”.