Pic: RyanJLane (E+) via Getty Images
Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the ASX microcaps that won January, the cryptos that lost January, and James Whelan’s Thing Theory.
But first … the day ahead.
Key events on markets will be highlighted by the RBA’s monetary policy decision at 2:30pm EST.
Some important changes may be made to the central bank’s outlook, with rates now expected to rise this year — well ahead of the RBA’s previous forecast of late 2023 / early 2024.
TRADING HALTS
The following companies went into halts on Monday and are due out in the coming days.
1ST Group (ASX:1ST) — Rights issue announcement
Melbana Energy (ASX:MAY) — drilling results
360 Capital (ASX:TGP) — two major transactions / earnings upgrade
Energy Resources of Australia (ASX:ERA) — Ranger rehabilitation costs / schedule overruns
MARKETS (updated at 8am AEDT)
Gold: $US1,797.57 ($2,542.53) (+0.41%)
Silver: $US22.49 (+0.31%)
Oil (WTI): $US88.32 (+1.75%)
Oil (Brent): $US91.25 (+1.34%)
Coal: $US227.65 (+0.02%)
Iron 62pc Fe: $US130.81 (+0.65%)
AUD/USD: $US0.7070 (+1.17%)
Bitcoin: $US38,515.73 (+2.13%)
WHAT GOT YOU TALKING YESTERDAY?
Could CSS be part of the clean energy transition?
.@SPGlobalPlatts says blue #hydrogen produced using CCS is emerging as one of the most viable off-ramps from fossil fuels in a deep #decarbonisation regime.$PGY #carboncapture #cleanenergy #NetZero #ClimateAction https://t.co/M4bICqhoan
— Pilot Energy Limited (@Pilot_EnergyLtd) January 30, 2022
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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 BIGGEST WINNERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| SAN | Sagalio Energy Ltd | 0.029 | 123% | 1,971,146 |
| VMG | VDM Group Limited | 0.0015 | 50% | 295,261 |
| CDT | Castle Minerals | 0.052 | 33% | 40,505,256 |
| NTL | New Talisman Gold | 0.002 | 33% | 799,752 |
| HFY | Hubify Ltd | 0.066 | 32% | 486,265 |
| FAR | FAR Ltd | 0.47 | 29% | 1,540,152 |
| VRS | Veris Ltd | 0.075 | 27% | 16,830,042 |
| DXN | DXN Limited | 0.01 | 25% | 11,426,110 |
| FRE | Firebrickpharma | 0.66 | 25% | 18,360,942 |
| HPP | Health Plant Protein | 0.1925 | 24% | 46,835 |
| IMB | Intelligent Monitor | 0.38 | 23% | 43,455 |
| SPQ | Superior Resources | 0.055 | 22% | 12,694,558 |
| RAP | Resapp Health Ltd | 0.074 | 21% | 2,507,319 |
| LNY | Laneway Res Ltd | 0.006 | 20% | 1,447,525 |
| BKG | Booktopia Group | 1.27 | 19% | 157,924 |
| STG | Straker Translations | 1.6 | 18% | 138,449 |
| IAP | Irongate Group | 1.84 | 17% | 3,184,911 |
| RMX | Red Mount Min Ltd | 0.0105 | 17% | 5,019,196 |
| COB | Cobalt Blue Ltd | 0.57 | 16% | 2,643,370 |
| GSN | Great Southern | 0.05 | 16% | 293,724 |
| M7T | Mach7 Tech Limited | 0.795 | 16% | 1,028,574 |
| TYM | Tymlez Group | 0.029 | 16% | 3,957,085 |
| GRX | Greenx Metals Ltd | 0.255 | 16% | 2,040 |
| GRV | Greenvale Mining Ltd | 0.33 | 16% | 2,419,042 |
| NXS | Next Science Limited | 1.21 | 15% | 264,983 |
Sub-$5m penny stock Sagalio Energy (ASX:SAN) led the small cap pack, after flagging ongoing oil production which it had converted to sales revenue of $US104,125 for the December quarter.
Being a sub-$5m penny stock, that was enough for SAN to more that double with a surge of +120% to 2.9c.
Another energy player — oil & gas stock FAR Ltd (ASX:FAR) — also rose strongly on takeover news, after flagging a bid from Samuel Terry Asset Management to acquire the company at 45c per share.
“The offer is conditional, including on obtaining a minimum of 50.1% acceptance level. Accordingly, there is no certainty that the intended takeover bid will complete,” FAR said.
Shares in the company closed higher than the 45c bid price, indicating investors reckon there might be some more activity to come.
In other notable deal news, spacial data analytics platform Veris (ASX:VRS) jumped by almost 30%, after announcing a deal to sell its fully-owned subsidiary, Aqura Technologies, to a subsidiary of Telstra.
There were no bells and whistles from the telco giant, which snapped up Aqura for $30m — straight cash.
YESTERDAY’S BIGGEST LOSERS
(Stocks highlighted in yellow fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| ABE | Ausbondexchange | 0.36 | -43% | 955,082 |
| FXG | Felix Gold Limited | 0.18 | -28% | 1,350,152 |
| BAS | Bass Oil Ltd | 0.0015 | -25% | 36,582,736 |
| GSR | Greenstone Resources | 0.035 | -24% | 6,590,247 |
| RMI | Resource Mining Corp | 0.017 | -23% | 4,979,991 |
| EN1 | Engage:Bdr Limited | 0.002 | -20% | 9,951 |
| ZNO | Zoono Group Ltd | 0.29 | -17% | 1,286,577 |
| KEY | KEY Petroleum | 0.0025 | -17% | 17,741 |
| CAV | Carnavale Resources | 0.012 | -14% | 56,545,790 |
| IGN | Ignite Ltd | 0.12 | -14% | 12,216 |
| ADO | Anteotech Ltd | 0.195 | -13% | 28,006,033 |
| ANN | Ansell Limited | 27.1 | -13% | 4,848,922 |
| TOE | Toro Energy Limited | 0.02 | -13% | 31,748,102 |
| PYR | Payright Limited | 0.185 | -13% | 2,500 |
| AXP | AXP Energy Ltd | 0.007 | -13% | 6,292,870 |
| CAD | Caeneus Minerals | 0.007 | -13% | 36,110,420 |
| CZR | CZR Resources Ltd | 0.007 | -13% | 2,908,651 |
| ROG | Red Sky Energy. | 0.007 | -13% | 23,155,058 |
| OEC | Orbital Corp Limited | 0.315 | -13% | 240,577 |
| OVT | Ovato Limited | 0.175 | -13% | 33,455 |
| ROC | Rocketboots | 0.145 | -12% | 27,527 |
| CRO | Cirralto Ltd | 0.0405 | -12% | 32,628,978 |
| JAY | Jayride Group | 0.15 | -12% | 90,086 |
| TKL | Traka Resources | 0.015 | -12% | 483,920 |
