On Stockhead today, could a small cap resources revival be lurking just behind a tech bubble, the infant formula stocks holding their own, and the Melbourne startup trying its luck with a $47m IPO.

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

The day ahead in data

Following yesterday’s rate cut, the local market will get an update on the economy this morning with the release of Q1 GDP data (11:30am AEST).

The median forecast among economists is for quarterly growth of 0.5 per cent, leaving the annual rate at a sluggish 1.8 per cent.

Looking abroad, China has non-government (Caixin) PMI data and there’s ADP employment figures out of the US — a precursor to Friday night’s all important monthly jobs figures.

Company news

There are 15 companies which are expected to come out of a trading halt or voluntary suspension in the next 48 hours:

Wednesday:

Volpara Health Technologies (ASX: VHT) – capital raising
LBT Innovations (ASX: LBT) – capital raising
Nickel Mines (ASX: NIC) – capital raising
Great Southern Mining (ASX: GSN) – acquisition of mining licenses
Dacian Gold (ASX: DCN) – production update
Alice Queen (ASX: AQX) – Joint venture proposal.

Thursday:

Arc Exploration (ASX: ARX) – capital raising
Lake Resources (ASX: LKE) – capital raising
Peel Mining (ASX: PEX) – capital raising
Cazaly Resources (ASX: CAZ) – potential project sale
Emerge Gaming (ASX: EM1) – launch of ArcadeX Platform
Elixinol Global (ASX: EXL) – capital raising
Hexagon Resources (ASX: HXG) – Joint Venture
LatAM Autos (ASX: LAA) – capital raising
Venus Metals Corp (ASX: VMC) – potential sale of interest in iron ore project.

Commodities

Gold: $US1326.32 ($1,896.64) +0.08%

Silver: $US14.82 +0.28%

Oil (Brent): $US14.82 +0.24%

Oil (WTI): $US53.03 -0.62%

Coal: $US75.58 +0.37%

Iron ore 62pc fe: $US100.50 -4.74%

AUD/USD: $US0.6993

What got you talking yesterday

Over on the Stockhead Facebook forum, group member Mark Thomas commented in response to yesterday’s biotech wrap, highlighted by Paradigm Pharmaceuticals (ASX:PAR) which said it may have a solution for the treatment of Ross River Fever.

Amongst other things… OA also! This will be huge over the coming 12-24 months,” Thomas wrote.

Yesterday’s winners

Predictive Discovery (ASX: PDI) led the market from post to post yesterday, following the announcement of gold discovery at its Ferkessedougou North in Cote D’Ivoire. The share price rose as much as 200 per cent before closing 144 per cent higher at 2 cents.

Aurora Minerals (ASX: ARM) came along for the ride, posting a 100 per cent gain on the day courtesy of its 21.9 per cent shareholding in PDI.

Elsewhere, Clean TeQ Holdings (ASX: CLQ) rose almost 30 per cent after announcing it may divest an interest of up to 50 per cent of its Sunrise asset — a wholly-owned nickel, cobalt and scandium project in central NSW. Macquarie Capital has been appointed to run the partnering process.

Ticker Name Price ($) % Chg Market cap
PDI Predictive Discovery Ltd 0.02 144% $6.5M
ARM Aurora Minerals Ltd 0.02 100% $2.6M
AVW Avira Resources Ltd 0.003 50% $3.0M
DDD 3D Resources Ltd 0.0015 50% $1.7M
NES Nelson Resources Ltd 0.08 44% $3.6M
EHX EHR Resources Ltd 0.04 37% $5.2M
CAE Cannindah Resources Ltd 0.015 36% $2.7M
DRE Dreadnought Resources Ltd 0.004 33% $4.4M
CLQ Clean TeQ Holdings Ltd 0.35 27% $261.3M
DKM Duketon Mining Ltd 0.15 25% $17.7M
CY5 Cygnus Gold Ltd 0.05 25% $3.0M
KKL Kollakorn Corp Ltd 0.015 25% $3.1M
BAS Bass Oil Ltd 0.0025 25% $6.5M
SUD Suda Pharmaceuticals Ltd 0.005 25% $12.9M
COB Cobalt Blue Holdings Ltd 0.17 21% $23.0M
AUT Auteco Minerals Ltd 0.006 20% $6.0M
BMG BMG Resources Ltd 0.006 20% $6.7M
CDT Castle Minerals Ltd 0.006 20% $1.3M
FTT Factor Therapeutics Ltd 0.006 20% $6.3M
RXL Rox Resources Ltd/Australia 0.012 20% $15.1M
SYA Sayona Mining Ltd 0.012 20% $20.7M

Yesterday’s losers

A number of penny-stock resources companies led the market lower, with Victory Mines (ASX: VIC), Metals Australia (ASX: MLS), Genesis Minerals (ASX: GES) and Caeneus Minerals (ASX: CAD) all losing a third of their value on no news.

Ticker Company Price ($) % Chg Market cap
VIC Victory Mines Ltd 0.002 -33.33% $2.7M
MLS Metals Australia Ltd 0.001 -33.33% $2.7M
GES Genesis Resources Ltd 0.004 -33.33% $3.1M
CAD Caeneus Minerals Ltd 0.001 -33.33% $2.1M
AAU Adcorp Australia Ltd 0.007 -30.00% $3.2M
GTE Great Western Exploration Ltd 0.005 -28.57% $5.0M
EER East Energy Resources Ltd 0.005 -28.57% $16.0M
TNR Torian Resources Ltd 0.011 -26.67% $2.8M
SMI Santana Minerals Ltd 0.003 -25.00% $2.0M
PWN Parkway Minerals NL 0.003 -25.00% $1.8M
MHC Manhattan Corp Ltd 0.003 -25.00% $2.2M
IAM Intiger Group Ltd 0.003 -25.00% $2.5M
CAV Carnavale Resources Ltd 0.003 -25.00% $2.2M
NME Nex Metals Exploration Ltd 0.015 -25.00% $2.9M
QEM QEM Ltd 0.09 -25.00% $9.0M
NAG Nagambie Resources Ltd 0.03 -23.08% $13.1M
FSG Field Solutions Holdings Ltd 0.02 -22.73% $7.3M
MOY Millennium Minerals Ltd 0.08 -22.00% $69.5M
AMT Allegra Orthopaedics Ltd 0.08 -21.00% $7.9M