On Stockhead today, fintechs haven’t set the world on fire since the federal election, why Tolga Kumova reckons Canyon can repeat Syrah’s success, and today’s expert gives us his hot gold tips.

But first:

The day ahead in data

There’s a big data release scheduled for 11:30am (eastern time), when all eyes will be on the monthly jobs report for May.

Amid the housing downturn and a sharp decline in economic growth, the RBA has highlighted that moves in the labour market are now a central factor in the outlook for monetary policy.

The median forecast is for monthly jobs growth of 16,000 with unemployment to hold steady at 5.1 per cent, and any significant variation in either direction could have a material effect on stocks and the Aussie dollar.

Company news

The following companies are scheduled to go into a trading halt or voluntary suspension over the next 48 hours:

Thursday:

New Energy Minerals (NSE) — Funding & board restructure
People Infrastructure (PPE) — Capital raising
Marquee Resources (MQR) — Acquisition.

Friday:

Optiscan Imaging (OIL) – Capital raising
Domacom (DCL) – Capital raising
Artemis Resources (ARV) — Capital raising
Allegiance Coal (AHQ) — Capital raising.

Markets

Gold: $US1,335.77 ($1,927.60) +0.50%

Silver: $US14.74 +0.48%

Oil (Brent): $US59.94 -3.93%

Oil (WTI): $US51.15 -4.11%

Coal: $US73.67 -3.76%

Iron ore 62pc fe: $US102.76 +3.53%

AUD/USD: $US0.6930 +0.03%

What got you talking yesterday

Over on the Stockhead Facebook group, frequent contributor Mel Culley had some sage words on the current boom in electric vehicle production as it pertains to nickel production.

“For all the hype and action around EV’s and the materials in them, a word of caution as far as nickel goes; the top 6 producers in the world are not the top 6 preferred suppliers into the EV battery market. The top 6 qualify by grade quality after the product has been refined.

The main issue in nickel is the copper, iron and arsenic content, this is what downgrades a company’s tonnage sale price and this is what will drive premiums, not how much they dig out of the ground,” Culley said.

These were the five most-discussed stocks on trading gossip forum HotCopper at the close of today’s session:

Yesterday’s winners

Here are the best performing stocks at market close on Wednesday, June 12:

Ticker Name Price % Chg Volume
BLY Boart Longyear Ltd 0.01 +50.00% 2.1B
LRS Latin Resources Ltd 0.015 +50.00% 4.5M
VPR Volt Power Group Ltd 0.015 +50.00% 1.0M
TV3 TV2U International Ltd 0.01 +33.33% 76.7M
AVE Avecho Biotechnology Ltd 0.004 +33.33% 5.5M
CAV Carnavale Resources Ltd 0.004 +33.33% 340.0k
DAF Discovery Africa Ltd 0.01 +33.33% 117.0k
EQE Equus Mining Ltd 0.01 +33.33% 1.9M
FGO Flamingo AI Ltd 0.01 +33.33% 47.6M
MHC Manhattan Corp Ltd 0.004 +33.33% 375.0k
THD Thred Ltd 0.002 +33.33% 13.4M
BKY Berkeley Energia Ltd 0.38 +25.00% 357.6k
ALT Analytica Ltd 0.005 +25.00% 2.5M
ANL Amani Gold Ltd 0.0025 +25.00% 1.3M
GTE Great Western Exploration Ltd 0.005 +25.00% 2.4M
PNN PepinNini Lithium Ltd 0.0025 +25.00% 55.0k
SMD Syndicated Metals Ltd 0.005 +25.00% 40.1k

 

Yesterday’s losers

Here are the worst performing stocks at market close on Wednesday, June 12:

Ticker Company Price ($) % Chg Volume
CYQ Cycliq Group Ltd 0.001 -50.00% 1.1M
MDX Mindax Ltd 0.002 -33.33% 130.0k
VMG VDM Group Ltd 0.0015 -25.00% 1.9M
SYT Syntonic Ltd 0.003 -25.00% 3.0M
MLS Metals Australia Ltd 0.0015 -25.00% 1.3M
DRE Dreadnought Resources Ltd 0.003 -25.00% 5.0M
CZN Corazon Mining Ltd 0.003 -25.00% 8.5M
AAJ Aruma Resources Ltd 0.003 -25.00% 2.0M
RES Resource Generation Ltd 0.19 -20.83% 2.4M
VIC Victory Mines Ltd 0.002 -20.00% 364.1k
SBR Sabre Resources Ltd 0.004 -20.00% 70.0k
RLC Reedy Lagoon Corp Ltd 0.004 -20.00% 330.0k
EXO Ennox Group Ltd 0.002 -20.00% 400.0k
AX9 Accelerate Resources Ltd 0.03 -19.44% 31.7k
AVC Auctus Alternative Investments 0.25 -19.35% 1.2k
PGY Pilot Energy Ltd 0.01 -18.18% 324.8k
PDZ Prairie Mining Ltd 0.29 -17.14% 350.7k