On Stockhead today, how to spot the end of the iron run, all the news in weed this week that’s fit to print, and Guy Le Page’s top rare earths, iron ore and tech stock picks.

But first, here’s what you need to know before markets open.

The day ahead in data

On the local front, there’s finally some key data on the schedule after what has been a very quiet week for domestic markets.

The ABS will release private sector capital expenditure figures for the March quarter, along with building approvals data for April.

Building approvals will get some attention amid the ongoing slowdown in residential construction, while markets will be focused on the latest 2019/20 growth estimates for the domestic capex pipeline.

Looking abroad, the US will have the third estimate of Q1 GDP figures and monthly data for initial jobless claims and pending home sales.

Company news

The following nine companies should come out of a trading halt or voluntary suspension in the next 48 hours:

Thursday:

Greenpower Energy (ASX: GPP) – addressing SPP shortfall
CropLogic (ASX: CLI) – capital raising
Cape Lambert Resources (ASX: CFE) – capital raising
AHAlife (ASX: AHL) – capital raising.

Friday:

Superior Resources (ASX: SPQ) – JV finalisation
Caeneus Minerals (ASX: CAD) – ASX query response & capital raising
Carnavale Resources (ASX: CAV) – capital raising
Strike Energy (ASX: STX) – capital raising
Orthocell (ASX: OCC) – capital raising.

Commodities

Gold: $US1,279.95 ($1,850.16) +0.06%

Silver: $US14.45 +0.59%%

Oil (Brent): $US69.61 -0.71%

Oil (WTI): $US59.10 -0.10%

Coal: $US78.80 -2.60%

Iron ore 62pc fe: $US103.50 -2.5%

AUD/USD: $US0.6918

What got you talking yesterday

Group member Eric Frei was less than impressed with Artemis Resources (ASX:ARV) following an update on the company’s conglomerate gold project in the Pilbara yesterday. Here’s what he had to say about ARV’s share price graph on the Stockhead Facebook forum:

That graph sums up what ARV’s stench is! Why did they 80 percent complete Radio Hill then blow all the dough elsewhere?

They made $20 million selling NOVO shares then failed to finish Radio Hill, cutting off their possible revenue stream. Were they every presented with a 249D or did some-one resign? Did they have to cap raise then?

I keep barge pole distance from this lot personally until they get cash flow positive.

That’s the spirit, Eric.

And these were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday:

Yesterday’s winners

Data analytics company Invigor Group Ltd (ASX: IVO) held its gains from morning trade, closing 100 per cent higher after announcing a new acquisition.

The company said its purchase of the Sun Asia Group will “significantly grow its revenue and strengthen its Asian-focused e-commerce operations”.

TickerNamePrice ($)% ChgMarket cap
IVOInvigor Group Ltd0.01100%$1.0M
OLIOliver's Real Food Ltd0.0355%$8.5M
DDD3D Resources Ltd0.001550%$1.7M
VPRVolt Power Group Ltd0.001550%$12.4M
JPRJupiter Energy Ltd0.0347%$3.8M
FNTFrontier Resources Ltd0.0143%$4.9M
NCRNuCoal Resources Ltd0.0340%$21.5M
BRNBrainChip Holdings Ltd0.0639%$64.0M
CXZConnexion Telematics Ltd0.01233%$10.1M
TDO3D Oil Ltd0.1331%$34.5M
CFECape Lambert Resources Ltd0.01330%$13.3M
KWRKingwest Resources Ltd0.1525%$7.6M
TNRTorian Resources Ltd0.01525%$3.8M
MHCManhattan Corp Ltd0.00525%$3.7M
QGLQuantum Graphite Ltd0.002525%$18.9M
TRLTanga Resources Ltd0.002525%$3.2M
CVNCarnarvon Petroleum Ltd0.5224%$698.2M
OAROakdale Resources Ltd0.0223%$3.3M
ARUArafura Resources Ltd0.0923%$67.2M
AD1ApplyDirect Ltd0.0222%$9.4M
PM8Pensana Metals Ltd0.0222%$26.7M

 

Yesterday’s losers

Meanwhile, what began as a rough day ended up staying that way for Argonaut Resources (ASX: ARE), which closed more than 50 per cent lower after announcing that the drilling program at its Torrens lithium project in South Australia had been stopped prior to completion.

TickerCompanyPrice ($)% ChgMarket cap
AREArgonaut Resources NL0.004-56%$6.2M
VMGVDM Group Ltd0.001-50%$6.3M
SUHSouthern Hemisphere Mining Ltd0.03-46%$2.8M
CAQCAQ Holdings Ltd0.02-43%$14.4M
AHKARK Mines Ltd0.007-42%$358K
IAMIntiger Group Ltd0.0015-40%$2.5M
LRSLatin Resources Ltd0.001-33%$3.5M
KLHKalia Ltd0.001-33%$2.5M
MLSMetals Australia Ltd0.0015-24%$4.0M
AISAeris Resources Ltd0.07-24%$32.4M
IP1Integrated Payment Technologies0.02-24%$5.9M
WOAWide Open Agriculture Ltd0.1-23%$7.1M
GTGGenetic Technologies Ltd0.007-22%$19.0M
PBXPacific Bauxite Ltd0.011-21%$4.4M
EHXEHR Resources Ltd0.03-21%$3.8M
CY5Cygnus Gold Ltd0.04-20%$2.4M
PCLPancontinental Oil & Gas NL0.002-20%$10.8M
DHRDark Horse Resources Ltd0.004-20%$7.9M