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).

Ticker Name Price ($) % Chg Market cap
AHN Athena Resources Ltd 0.02 69.23% $6.0M
NTI Neurotech International Ltd 0.02 64.29% $3.1M
ANL Amani Gold Ltd 0.003 50.00% $15.6M
CAD Caeneus Minerals Ltd 0.0015 50.00% $3.2M
MLS Metals Australia Ltd 0.0015 50.00% $4.4M
TGO Trimantium GrowthOps Ltd 0.64 40.22% $89.7M
MHC Manhattan Corp Ltd 0.004 33.33% $3.0M
NOR Norwood Systems Ltd 0.004 33.33% $8.3M
BPL Broken Hill Prospecting Ltd 0.02 26.32% $3.5M
K2F K2FLY Ltd 0.15 25.00% $11.3M
BMG BMG Resources Ltd 0.015 25.00% $8.4M
CHK Cohiba Minerals Ltd 0.01 25.00% $6.6M
ELT Elementos Ltd 0.005 25.00% $7.7M
GES Genesis Resources Ltd 0.005 25.00% $3.9M
VIC Victory Mines Ltd 0.0025 25.00% $3.4M
RCL Readcloud Ltd 0.34 21.82% $29.7M
NGY NuEnergy Gas Ltd 0.02 21.43% $25.2M
FFC FarmaForce Ltd 0.15 20.00% $19.2M
ARE Argonaut Resources NL 0.006 20.00% $9.3M
EPM Eclipse Uranium Ltd 0.003 20.00% $3.4M
FPL Fremont Petroleum Corp Ltd 0.012 20.00% $20.0M
MRQ MRG Metals Ltd 0.006 20.00% $4.0M
ALC Alcidion Group Ltd 0.12 20.00% $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.

Ticker Company Price ($) % Chg Market cap
DCN Dacian Gold Ltd 0.51 -67.51% $116.2M
COY Coppermoly Ltd 0.005 -37.50% $8.6M
SPB South Pacific Resources Ltd 0.002 -33.33% $331K
KLH Kalia Ltd 0.001 -33.33% $2.5M
DTR Dateline Resources Ltd 0.002 -33.33% $15.9M
SOP Synertec Corp Ltd 0.04 -28.57% $7.7M
AIY Authorised Investment Fund Ltd 0.04 -25.42% $18.6M
XPE Xped Ltd 0.0015 -25.00% $2.3M
LRS Latin Resources Ltd 0.0015 -25.00% $5.3M
KGM KalNorth Gold Mines Ltd 0.003 -25.00% $2.7M
DRE Dreadnought Resources Ltd 0.003 -25.00% $3.3M
TZN Terramin Australia Ltd 0.06 -22.62% $121.5M
ODM Odin Metals Ltd 0.12 -20.00% $18.4M
RGL Riversgold Ltd 0.02 -20.00% $1.8M
CGN Crater Gold Mining Ltd 0.012 -20.00% $14.7M
ARD Argent Minerals Ltd 0.012 -20.00% $6.5M
TMX Terrain Minerals Ltd 0.004 -20.00% $1.3M
RLC Reedy Lagoon Corp Ltd 0.004 -20.00% $1.6M
RIE Riedel Resources Ltd 0.01 -20.00% $3.3M
RFN Reffind Ltd 0.004 -20.00% $2.1M
GTE Great Western Exploration Ltd 0.004 -20.00% $3.9M
BAS Bass Oil Ltd 0.004 -20.00% $5.2M