Rise and Shine: What you need to know before the ASX opens
News
On Stockhead today … your ultimate guide to ASX nickel producers (and near term producers), the plans for a ‘Hydrogen City’ in Texas, and World War Hack: Open-source espionage, global cyber-militia descend on Russia.
But first … the day ahead.
Local shares are set to open lower today. At 8am AEDT, the ASX 200 March futures is pointing down by 0.8%.
The minutes of the March meeting of the Reserve Bank of Australia will be released at 11.30am AEDT after it decided to leave the cash rate unchanged at a record low 0.1% a fortnight ago.
The following companies are in Trading Halts and are expected out in the coming days.
Brightstar Resources (ASX:BTR) – pending capital raise
Grand Gulf Energy (ASX:GGE) – significant commercial agreement
Helix Resources (ASX:HLX) – material capital raising
Renergen (ASX:RLT) – investment by a strategic global partner
Melbana Energy (ASX:MAY) – equity placement
AustChina Holdings (ASX:AUH) – capital raising
Gold: $US1,950.48 (-1.75%)
Silver: $US25.02 (-3.03%)
Oil (WTI): $US102.25 (-6.48%)
Oil (Brent): $US105.78 (-6.12%)
Aust Coking Coal (steelmaking): $US635.00/t (+0.0%)
Thermal Coal (Newcastle): US$368.65/t (-1.3%)
Iron 62pc Fe: $US150.11 (-3.38%)
AUD/USD: $US0.7192 (-1%)
Bitcoin: $US38,737 (+2.40%)
Battery metals got Stockhead all hot and bothered.
• Moho Resources begins diamond drilling at ‘Omrah’ nickel target
• Maiden drilling at Morella Corp’s ‘Mallina’ lithium project expected to kick off end of March
• Qx Resources, Odessa Minerals, and Albion Resources up on no news #ASX
https://t.co/GN74eNKa8d— Stockhead (@StockheadAU) March 14, 2022
And uranium stocks came back down to earth after last week’s bull run.
ASX #uranium stocks at the open.
I’ve noticed a pattern that after a big run in the spot price and SPUT moving ahead of SPOT price you always get a reversal in fortunes for U stocks.
So here is the correction. Market expecting SPUT to take foot off pedal again. pic.twitter.com/uBsfQN3atI
— 🇺🇦Patrick Downes #Uranium Bull (@patrickadownes) March 13, 2022
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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.
(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 |
---|---|---|---|---|
TSC | Twenty Seven Co. Ltd | 0.004 | 33% | 1,623,943 |
GTG | Genetic Technologies | 0.005 | 25% | 770,277 |
MOH | Moho Resources | 0.055 | 22% | 593,818 |
KLR | Kaili Resources Ltd | 0.028 | 22% | 37,238 |
CAD | Caeneus Minerals | 0.009 | 20% | 131,532,377 |
AJL | AJ Lucas Group | 0.06 | 20% | 6,692,124 |
OAR | OAR Resources Ltd | 0.006 | 20% | 350,000 |
PCL | Pancontinental Energ | 0.006 | 20% | 7,380,363 |
SBR | Sabre Resources | 0.006 | 20% | 848,751 |
QXR | Qx Resources Limited | 0.056 | 19% | 36,607,087 |
HAR | Harangaresources | 0.25 | 19% | 405,904 |
RMI | Resource Mining Corp | 0.019 | 19% | 110,718 |
SHH | Shree Minerals Ltd | 0.021 | 17% | 13,067,459 |
OEC | Orbital Corp Limited | 0.315 | 17% | 367,569 |
RIM | Rimfire Pacific | 0.007 | 17% | 2,025,140 |
RCP | Redbank Copper Ltd | 0.05 | 16% | 667,982 |
FTC | Fintech Chain Ltd | 0.044 | 16% | 44,222 |
AS2 | Askarimetalslimited | 0.45 | 15% | 1,304,074 |
99L | 99 Loyalty Ltd. | 0.032 | 14% | 2,056,717 |
SHP | South Harz Potash | 0.24 | 14% | 6,986,738 |
CL8 | Carly Holdings Ltd | 0.048 | 14% | 125,813 |
REC | Rechargemetals | 0.125 | 14% | 18,076 |
SIS | Simble Solutions | 0.025 | 14% | 1,077,000 |
IHL | Incannex Healthcare | 0.515 | 13% | 11,163,193 |
HHR | Hartshead Resources | 0.027 | 13% | 9,506,472 |
Global Lithium Resources (ASX:GL1) has ridden its well-timed listing last year into a 500%+ gain since hitting the ASX boards.
It charged even further yesterday on news iron ore and lithium miner MinRes (ASX:MIN) subscribed for a 5% stake as part of a ~$30 million capital raising.
As Canberra pumps cash into the war machine, we’re keeping our eyes peeled on defence stocks and Orbital Corp (ASX:ORB) is among them.
The Perth-based manufacturer of advanced spark ignition propulsion systems for unmanned aerial vehicles (UAV’s or drones), is on the move – climbing yesterday into double digits.
(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 |
---|---|---|---|---|
EVE | EVE Health Group Ltd | 0.002 | -20% | 5,556 |
GGX | Gas2Grid Limited | 0.002 | -20% | 1,991 |
EME | Energy Metals Ltd | 0.215 | -19% | 318,577 |
INP | Incentiapay Ltd | 0.015 | -17% | 19,264 |
LSR | Lodestar Minerals | 0.01 | -17% | 30,255,387 |
VMY | Vimy Resources Ltd | 0.205 | -16% | 8,488,543 |
NSX | NSX Limited | 0.063 | -16% | 28,500 |
LVT | Livetiles Limited | 0.105 | -16% | 4,283,610 |
BDX | Bcaldiagnostics | 0.085 | -15% | 485,767 |
AO1 | Assetowl Limited | 0.003 | -14% | 677,248 |
MCT | Metalicity Limited | 0.006 | -14% | 1,200,517 |
MTB | Mount Burgess Mining | 0.006 | -14% | 471,579 |
WGX | Westgold Resources. | 2.13 | -13% | 5,086,451 |
AOA | Ausmon Resorces | 0.007 | -13% | 2,303,420 |
PNR | Pantoro Limited | 0.2975 | -13% | 4,089,242 |
GCR | Golden Cross | 0.185 | -12% | 295,896 |
EL8 | Elevate Uranium Ltd | 0.575 | -12% | 2,972,291 |
AE1 | Aerison | 0.16 | -11% | 390,808 |
AHN | Athena Resources | 0.008 | -11% | 1,024,733 |
OAU | Ora Gold Limited | 0.016 | -11% | 1,023,360 |
RDN | Raiden Resources Ltd | 0.016 | -11% | 1,727,390 |
RNX | Renegade Exploration | 0.008 | -11% | 500,000 |
EQE | Equus Mining Ltd | 0.165 | -11% | 334,889 |
LOT | Lotus Resources Ltd | 0.33 | -11% | 3,719,947 |
BME | Blackmountainenergy | 0.125 | -11% | 183,886 |
Uranium stocks were hammered despite prices remaining near decade highs, with Paladin Energy (ASX:PDN) tripping 8%.
After jumping about 18% on Thursday, Live Tiles (ASX:TLV), the digital workplace software that brings the TLV into volatility slid 13% in Monday trade. Citi analysts revved the market with some upbeat talk on the firm’s ARR growth, expecting it to pick-up as churn events come to an end.