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:

TickerNamePrice% ChgVolume
BLYBoart Longyear Ltd0.01+50.00%2.1B
LRSLatin Resources Ltd0.015+50.00%4.5M
VPRVolt Power Group Ltd0.015+50.00%1.0M
TV3TV2U International Ltd0.01+33.33%76.7M
AVEAvecho Biotechnology Ltd0.004+33.33%5.5M
CAVCarnavale Resources Ltd0.004+33.33%340.0k
DAFDiscovery Africa Ltd0.01+33.33%117.0k
EQEEquus Mining Ltd0.01+33.33%1.9M
FGOFlamingo AI Ltd0.01+33.33%47.6M
MHCManhattan Corp Ltd0.004+33.33%375.0k
THDThred Ltd0.002+33.33%13.4M
BKYBerkeley Energia Ltd0.38+25.00%357.6k
ALTAnalytica Ltd0.005+25.00%2.5M
ANLAmani Gold Ltd0.0025+25.00%1.3M
GTEGreat Western Exploration Ltd0.005+25.00%2.4M
PNNPepinNini Lithium Ltd0.0025+25.00%55.0k
SMDSyndicated Metals Ltd0.005+25.00%40.1k

 

Yesterday’s losers

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

TickerCompanyPrice ($)% ChgVolume
CYQCycliq Group Ltd0.001-50.00%1.1M
MDXMindax Ltd0.002-33.33%130.0k
VMGVDM Group Ltd0.0015-25.00%1.9M
SYTSyntonic Ltd0.003-25.00%3.0M
MLSMetals Australia Ltd0.0015-25.00%1.3M
DREDreadnought Resources Ltd0.003-25.00%5.0M
CZNCorazon Mining Ltd0.003-25.00%8.5M
AAJAruma Resources Ltd0.003-25.00%2.0M
RESResource Generation Ltd0.19-20.83%2.4M
VICVictory Mines Ltd0.002-20.00%364.1k
SBRSabre Resources Ltd0.004-20.00%70.0k
RLCReedy Lagoon Corp Ltd0.004-20.00%330.0k
EXOEnnox Group Ltd0.002-20.00%400.0k
AX9Accelerate Resources Ltd0.03-19.44%31.7k
AVCAuctus Alternative Investments0.25-19.35%1.2k
PGYPilot Energy Ltd0.01-18.18%324.8k
PDZPrairie Mining Ltd0.29-17.14%350.7k