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On Stockhead today, everyone’s trying to put a price on war, Brent smashes through US$105, and shipping stinks. No, actually.
But first, the day ahead.
Local shares are set to open higher today. At 8am AEDT, the ASX 200 March futures is pointing up by 1.22%.
In case you hadn’t heard, Putin and Russia invaded Ukraine, one giant step towards the return of the Cold War.
The ASX 200 lost more than $70 billion and shed almost 3% in a collapse admittedly impacted by $240 billion BHP (ASX:BHP) going ex-div.
Impacts in other financial markets were similarly brutal, with the Russian Ruble collapsing to its lowest US dollar exchange rate in history and the Moscow Exchange shut until further notice.
The onset of war pushed Brent oil past US$100 a barrel and gold to 12 month highs, but this will be the big headline for a while yet.
The following companies are in Trading Halts and are expected out in the coming days.
Tombola Gold (ASX:TBA) — Capital raising
Sayona Mining (ASX:SYA) — Updated resource statement
Nanollose (ASX:NC6) — Pilot spin, Nullarbor fibre
Gold: $US1,898.75 (-0.49%)
Silver: $US24.165 (-1.44%)
Oil (WTI): $US93.15 (+1.15%)
Oil (Brent): $US99.14(+2.36%)
Aust Coking Coal (steelmaking): $449.04/t (+0.74%)
Newcastle Coal (thermal): $238/t (+0.7%)
Iron 62pc Fe: $US142.66/t (-0.21%)
AUD/USD: $US0.7174 (-0.83%)
Bitcoin: $US38,360 (+1.75%)
This happened …
Ukrainian President Volodymyr Zelensky said he had ordered the introduction of martial law across the country https://t.co/Vd6Nvox8Hv
— The Wall Street Journal (@WSJ) February 24, 2022
Need to get back in a happy space? Keep your mind on your gold portfolio.
• Gold miner Perseus announces 90% increase in revenue to $545.7m
• Fellow goldie SSR outperforms production and cost guidance, announces 40% bigger dividend
• Juniors Riedel, Golden Cross, Labyrinth up on no news#ASX $PRU $SSR $RIE $GCR $LRL
https://t.co/3KXs8tXYVp— Stockhead (@StockheadAU) February 24, 2022
(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 |
---|---|---|---|---|
MDX | Mindax Limited | 0.059 | 55.3% | 2,655,748 |
MAY | Melbana Energy Ltd | 0.074 | 34.5% | 91,089,195 |
CIM | Cimic Group Ltd | 22 | 33.4% | 11,042,343 |
PCL | Pancontinental Energ | 0.005 | 25.0% | 98,267,787 |
CT1 | Constellation Tech | 0.006 | 20.0% | 2,751,548 |
MBK | Metal Bank Ltd | 0.006 | 20.0% | 5,039,355 |
GCR | Golden Cross | 0.155 | 19.2% | 329,875 |
AER | Aeeris Ltd | 0.16 | 14.3% | 22,154 |
TSL | Titanium Sands Ltd | 0.025 | 13.6% | 30,000 |
SSR | SSR Mining Inc. | 27.85 | 13.6% | 49,765 |
TEG | Triangle Energy Ltd | 0.017 | 13.3% | 4,033,555 |
PRU | Perseus Mining Ltd | 1.79 | 12.6% | 11,164,151 |
ADS | Adslot Ltd. | 0.019 | 11.8% | 2,712,614 |
OAU | Ora Gold Limited | 0.02 | 11.1% | 999,908 |
RXH | Rewardle Holding Ltd | 0.01 | 11.1% | 228,505 |
FIN | FIN Resources Ltd | 0.03 | 11.1% | 4,000 |
LOV | Lovisa Holdings Ltd | 18.34 | 10.8% | 1,099,944 |
MOZ | Mosaic Brands Ltd | 0.58 | 10.5% | 253,189 |
IVR | Investigator Res Ltd | 0.064 | 10.3% | 8,989,625 |
SRI | Sipa Resources Ltd | 0.054 | 10.2% | 275,853 |
ENV | Enova Mining Limited | 0.022 | 10.0% | 49,525 |
MPR | Mpower Group Limited | 0.044 | 10.0% | 1,678,113 |
EVZ | EVZ Limited | 0.17 | 9.7% | 250,287 |
HMG | Hamelingoldlimited | 0.17 | 9.7% | 232,467 |
LVT | Livetiles Limited | 0.08 | 9.6% | 8,230,640 |
On a rough day for stocks, oil & gas explorer Melbana Energy (ASX:MAY) leapt ahead after announcing an oil strike in Cuba.
Drill work at its Alameda onshore project in Cuba revealed “extensive natural fracturing, an important production characteristic for a limestone reservoir of this type and one that could lead to an upgrade of the net pay estimate as the characteristics of the reservoir become better understood”, the company said.
“The recovery characteristics of this reservoir interval will be better understood once initial flow testing work is done,” which is expected to commence in around two weeks, Melbana said.
(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 |
---|---|---|---|---|
CLT | Cellnet Group | 0.039 | -35.0% | 4,192,777 |
CCX | City Chic Collective | 3.47 | -31.3% | 9,440,441 |
360 | Life360 Inc. | 4.6 | -30.0% | 9,181,391 |
APX | Appen Limited | 6.15 | -28.2% | 12,226,901 |
AMD | Arrow Minerals | 0.004 | -27.3% | 34,703,032 |
OBM | Ora Banda Mining Ltd | 0.052 | -26.4% | 22,917,839 |
JAV | Javelin Minerals Ltd | 0.0015 | -25.0% | 49,986,032 |
VMG | VDM Group Limited | 0.0015 | -25.0% | 4,380,915 |
MWY | Midway Ltd | 0.92 | -24.0% | 356,404 |
PTR | Petratherm Ltd | 0.032 | -23.8% | 22,506 |
MRL | Mayur Resources Ltd | 0.13 | -23.5% | 986,879 |
OVT | Ovato Limited | 0.175 | -20.5% | 11,502 |
BDM | Burgundy D Mines Ltd | 0.2 | -20.0% | 726,066 |
SMS | Starmineralslimited | 0.16 | -20.0% | 54,746 |
CDT | Castle Minerals | 0.045 | -19.6% | 69,744,970 |
CPO | Culpeominerals | 0.105 | -19.2% | 34,523 |
NIS | Nickelsearch | 0.195 | -18.8% | 878,079 |
MRR | Minrex Resources Ltd | 0.049 | -18.3% | 38,204,349 |
FFF | Forbidden Foods | 0.135 | -18.2% | 134,988 |
MX1 | Micro-X Limited | 0.165 | -17.5% | 1,571,244 |
DBO | Diabloresources | 0.091 | -17.3% | 630,103 |
CUV | Clinuvel Pharmaceut. | 18.36 | -16.9% | 326,389 |
TYM | Tymlez Group | 0.035 | -16.7% | 30,423,101 |
AUH | Austchina Holdings | 0.015 | -16.7% | 31,615,738 |
E33 | East 33 Limited. | 0.1 | -16.7% | 44,979 |
Half-year reporting season produced some ugly results, as gaming technology accessory distributor Cellnet (ASX:CLT) slumped by more than 30% following its February trading update.
Also going into free-fall following their half-year reports were womens clothing retailer City Chic Collective (ASX:CCX) and data technology company Appen (ASX:APX).