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”.

Ticker Name Price ($) % Chg Market cap
IVO Invigor Group Ltd 0.01 100% $1.0M
OLI Oliver's Real Food Ltd 0.03 55% $8.5M
DDD 3D Resources Ltd 0.0015 50% $1.7M
VPR Volt Power Group Ltd 0.0015 50% $12.4M
JPR Jupiter Energy Ltd 0.03 47% $3.8M
FNT Frontier Resources Ltd 0.01 43% $4.9M
NCR NuCoal Resources Ltd 0.03 40% $21.5M
BRN BrainChip Holdings Ltd 0.06 39% $64.0M
CXZ Connexion Telematics Ltd 0.012 33% $10.1M
TDO 3D Oil Ltd 0.13 31% $34.5M
CFE Cape Lambert Resources Ltd 0.013 30% $13.3M
KWR Kingwest Resources Ltd 0.15 25% $7.6M
TNR Torian Resources Ltd 0.015 25% $3.8M
MHC Manhattan Corp Ltd 0.005 25% $3.7M
QGL Quantum Graphite Ltd 0.0025 25% $18.9M
TRL Tanga Resources Ltd 0.0025 25% $3.2M
CVN Carnarvon Petroleum Ltd 0.52 24% $698.2M
OAR Oakdale Resources Ltd 0.02 23% $3.3M
ARU Arafura Resources Ltd 0.09 23% $67.2M
AD1 ApplyDirect Ltd 0.02 22% $9.4M
PM8 Pensana Metals Ltd 0.02 22% $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.

Ticker Company Price ($) % Chg Market cap
ARE Argonaut Resources NL 0.004 -56% $6.2M
VMG VDM Group Ltd 0.001 -50% $6.3M
SUH Southern Hemisphere Mining Ltd 0.03 -46% $2.8M
CAQ CAQ Holdings Ltd 0.02 -43% $14.4M
AHK ARK Mines Ltd 0.007 -42% $358K
IAM Intiger Group Ltd 0.0015 -40% $2.5M
LRS Latin Resources Ltd 0.001 -33% $3.5M
KLH Kalia Ltd 0.001 -33% $2.5M
MLS Metals Australia Ltd 0.0015 -24% $4.0M
AIS Aeris Resources Ltd 0.07 -24% $32.4M
IP1 Integrated Payment Technologies 0.02 -24% $5.9M
WOA Wide Open Agriculture Ltd 0.1 -23% $7.1M
GTG Genetic Technologies Ltd 0.007 -22% $19.0M
PBX Pacific Bauxite Ltd 0.011 -21% $4.4M
EHX EHR Resources Ltd 0.03 -21% $3.8M
CY5 Cygnus Gold Ltd 0.04 -20% $2.4M
PCL Pancontinental Oil & Gas NL 0.002 -20% $10.8M
DHR Dark Horse Resources Ltd 0.004 -20% $7.9M