On Stockhead today, the $30m company that scored a $70m earn-in deal, our expert’s hot picks in nickel and zinc, and how to use the P/E ratio when evaluating companies.

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

The day ahead in data

Australia’s trade balance figures for April are out at 11:30am AEST. Markets are forecasting a new record-high trade surplus of $5 billion, boosted by surging exports for iron ore and LNG.

Key data and events on global markets will be highlighted by the European Central Bank’s policy announcement, where the ECB will provide an update on its outlook for the Eurozone economy.

Company news

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

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
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.

Friday:

E2 Metals (ASX: E2M) – capital raising
Big Star Energy (ASX: BNL) – capital raising
Pacific Bauxite (ASX: PBX) – board changes
Audinate Group (ASX: AD8) – capital raising
Highfield Resources (ASX: HFR) – status of environmental permit
Machahon Holdings (ASX: MAH) – material contract negotiation
Salt Lake Potash (ASX: SO4) – capital raising.

Commodities

Gold: $US1331.01 ($1,909.87) +0.41%

Silver: $US14.83 -0.03%

Oil (Brent): $US60.57 -2.23%

Oil (WTI): $US51.61 -3.27%

Coal: $US74.25 -1.76%

Iron ore 62pc fe: $US98.39 +2.19%

AUD/USD: $US0.6969

What got you talking yesterday

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

Yesterday’s winners

Minerals explorer Athena Resources (ASX: AHN), which holds assets including the Byro iron ore project in WA, was the market leader with an intra-day gain of 69.2 per cent on no news.

Also posting a gain of more than 60 per cent was Neurotech (ASX: NTI), which rose sharply after announcing the pilot launch of a virtual clinic for remote monitoring of Mente patients — a treatment for children with autism spectrum disorder (ASD).

TickerNamePrice ($)% ChgMarket cap
AHNAthena Resources Ltd0.0269.23%$6.0M
NTINeurotech International Ltd0.0264.29%$3.1M
ANLAmani Gold Ltd0.00350.00%$15.6M
CADCaeneus Minerals Ltd0.001550.00%$3.2M
MLSMetals Australia Ltd0.001550.00%$4.4M
TGOTrimantium GrowthOps Ltd0.6440.22%$89.7M
MHCManhattan Corp Ltd0.00433.33%$3.0M
NORNorwood Systems Ltd0.00433.33%$8.3M
BPLBroken Hill Prospecting Ltd0.0226.32%$3.5M
K2FK2FLY Ltd0.1525.00%$11.3M
BMGBMG Resources Ltd0.01525.00%$8.4M
CHKCohiba Minerals Ltd0.0125.00%$6.6M
ELTElementos Ltd0.00525.00%$7.7M
GESGenesis Resources Ltd0.00525.00%$3.9M
VICVictory Mines Ltd0.002525.00%$3.4M
RCLReadcloud Ltd0.3421.82%$29.7M
NGYNuEnergy Gas Ltd0.0221.43%$25.2M
FFCFarmaForce Ltd0.1520.00%$19.2M
AREArgonaut Resources NL0.00620.00%$9.3M
EPMEclipse Uranium Ltd0.00320.00%$3.4M
FPLFremont Petroleum Corp Ltd0.01220.00%$20.0M
MRQMRG Metals Ltd0.00620.00%$4.0M
ALCAlcidion Group Ltd0.1220.00%$96.7M

 

Yesterday’s losers

Leading the laggards was Dacian Gold (ASX: DCN), which fell by 67.51 per cent after June quarter production guidance at its Mt Morgan project was revised down to 36,000-38,000 ounces, from previous guidance of 50,000-55,000.

TickerCompanyPrice ($)% ChgMarket cap
DCNDacian Gold Ltd0.51-67.51%$116.2M
COYCoppermoly Ltd0.005-37.50%$8.6M
SPBSouth Pacific Resources Ltd0.002-33.33%$331K
KLHKalia Ltd0.001-33.33%$2.5M
DTRDateline Resources Ltd0.002-33.33%$15.9M
SOPSynertec Corp Ltd0.04-28.57%$7.7M
AIYAuthorised Investment Fund Ltd0.04-25.42%$18.6M
XPEXped Ltd0.0015-25.00%$2.3M
LRSLatin Resources Ltd0.0015-25.00%$5.3M
KGMKalNorth Gold Mines Ltd0.003-25.00%$2.7M
DREDreadnought Resources Ltd0.003-25.00%$3.3M
TZNTerramin Australia Ltd0.06-22.62%$121.5M
ODMOdin Metals Ltd0.12-20.00%$18.4M
RGLRiversgold Ltd0.02-20.00%$1.8M
CGNCrater Gold Mining Ltd0.012-20.00%$14.7M
ARDArgent Minerals Ltd0.012-20.00%$6.5M
TMXTerrain Minerals Ltd0.004-20.00%$1.3M
RLCReedy Lagoon Corp Ltd0.004-20.00%$1.6M
RIERiedel Resources Ltd0.01-20.00%$3.3M
RFNReffind Ltd0.004-20.00%$2.1M
GTEGreat Western Exploration Ltd0.004-20.00%$3.9M
BASBass Oil Ltd0.004-20.00%$5.2M