Rise and Shine: What you need to know before the ASX opens
Pic: Getty
Coming up on Stockhead today, the case for rising copper prices, things you didn’t know about semiconductors, and is the resources IPO train rumbling into life?
But first, here’s what you need to know right now:
The day ahead in data
Not a great deal today — just the Australian Bureau of Statistics release data on construction work around the country. The ABS has a wealth of data you can get lost in, and the construction work data and much more can be found here.
Company news
Five companies are due out of a trading halt today, with four of them set to release news about either initiating or completing a capital raise: Superloop (ASX:SLC), Memphasys (ASX:MEM), AVZ Minerals (ASX:AVZ) and Kibaran Resources (ASX:KNL).
Just one company with shares coming out of escrow today: High Grade Metals (ASX:HGM), with 40 million shares being released, roughly 9 per cent of its issued capital.
Commodities
Gold: $US1327.61 ($1849.10) +0.03%
Silver:$US15.89 +0.03%
Oil (Brent):$US65.07 +0.65%
Oil (WTI):$US55.54 +0.04%
Coal:$US95.15 +1.44%
Iron ore 62% fe:$US87.50 No change
AUD/USD:$US0.7179 +0.17%
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What got you talking yesterday
Probiotec (ASX:PBP) was of interest on the Stockhead Small Cap and Micro Cap Chat forum, thanks to a $12.9 million profit that was, in actuality, just $1.1 million, because the company sold off a number of its brands during the half-year.
Over on stock gossip forum HotCopper, these were the most-discussed stocks at close on Tuesday:
Close Top 5 #MostDiscussedStocks: $APT $GXY $AGY $AVZ $BAL #asx #ausbiz https://t.co/xOFzWmkzay
— HotCopper (@HotCopper) February 26, 2019
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Yesterday’s winners
The big winners in yesterday’s trading session were all at the super-small end of town, led by tiny 3D-printing outfit 333D (ASX:T3D).
Shares in the company were up from 0.1 cent to as high as 0.3 cent — a tidy gain of 200 per cent.
It followed a spike in volume yesterday when more than 34 million shares in the company changed hands, prompting a formal price query from the ASX.
The other big movers in percentage terms were Tamaska Oil & Gas (ASX: TMK) and Variscan Mines Ltd (ASX: VAR) which both rose by 100 per cent to 0.2 cents a share.
| ASX code | Company name | Price | % change | Market cap | Volume |
|---|---|---|---|---|---|
| T3D | 333D Ltd | 0.002 | 100% | $1,800,000 | 17.3M |
| TMK | Tamaska Oil & Gas Ltd | 0.002 | 100% | $3,900,000 | 250.0k |
| VAR | Variscan Mines Ltd | 0.002 | 100% | $2,500,000 | 256.0k |
| NWE | Norwest Energy NL | 0.003 | 50% | $10,100,000 | 3.7M |
| FTT | Factor Therapeutics Ltd | 0.0045 | 50% | $4,700,000 | 40.4M |
| MDI | Middle Island Resources Ltd | 0.01 | 40% | $7,300,000 | 2.4M |
| ECG | eCargo Holdings Ltd | 0.13 | 37% | $80,000,000 | 82.1k |
| ADV | Ardiden Ltd | 0.004 | 33% | $6,700,000 | 1.2M |
| GGX | Gas2Grid Ltd | 0.004 | 33% | $4,600,000 | 1.2M |
| IVO | Invigor Group Ltd | 0.004 | 33% | $10,400,000 | 2.0M |
| MX1 | Micro-X Ltd | 0.27 | 32% | $41,000,000 | 158.9k |
| EN1 | engage:BDR Ltd | 0.02 | 26% | $8,300,000 | 28.7M |
| QGL | Quantum Graphite Ltd | 0.0025 | 25% | $18,700,000 | 855.0k |
| SBR | Sabre Resources Ltd | 0.005 | 25% | $2,000,000 | 200.0k |
| ENE | Enevis Ltd | 0.26 | 24% | $17,300,000 | 8.8k |
| ESK | Etherstack PLC | 0.26 | 24% | $29,000,000 | 44.6k |
| TNT | Tesserent Ltd | 0.07 | 23% | $10,100,000 | 447.7k |
| CAV | Carnavale Resources Ltd | 0.01 | 20% | $4,000,000 | 1.1M |
| CXU | Cauldron Energy Ltd | 0.02 | 20% | $7,900,000 | 40.0k |
| SCN | Scorpion Minerals Ltd | 0.02 | 20% | $3,200,000 | 16.6k |
| ICI | iCandy Interactive Ltd | 0.05 | 20% | $17,000,000 | 34.0k |
| EXP | Experience Co Ltd | 0.31 | 17% | $175,100,000 | 2.4M |
| MAG | Magmatic Resources Ltd | 0.04 | 17% | $4,100,000 | 160.0k |
| AGE | Alligator Energy Ltd | 0.0035 | 17% | $3,500,000 | 78.0k |
| CTM | Centaurus Metals Ltd | 0.01 | 17% | $16,100,000 | 2.8M |
| ARQ | ARQ Group Ltd | 1.99 | 17% | $236,600,000 | 1.5M |
Yesterday’s losers
The headaches at Oliver’s Real Food (ASX:OLI) — the owner of those healthy fast food options you find at big servos usually next to a McDonalds or a KFC — are continuing, with chairman Mark Richardson walking out on the company.
Shares dipped 4 per cent to 2.6c on the news, just short of their all-time low of 2.1c earlier this month.
| ASX code | Company name | Last price | % change | Market cap | Volume |
|---|---|---|---|---|---|
| IBN | Ibuynew Group Ltd | 0.05 | -43% | $1,100,000 | 4k |
| VAL | Valor Resources Ltd | 0.001 | -33% | $3,800,000 | 340.0k |
| MRD | Mount Ridley Mines Ltd | 0.001 | -33% | $2,300,000 | 140.0k |
| AKN | Auking Mining Ltd | 0.002 | -33% | $933,000 | 13.0k |
| PNC | Pioneer Credit Ltd | 2.17 | -30% | $138,400,000 | 2.9M |
| KPG | Kelly Partners Group Holdings | 0.9 | -25% | $40,500,000 | 251.5k |
| SRN | Surefire Resources NL | 0.003 | -25% | $1,300,000 | 5.4M |
| RNX | Renegade Exploration Ltd | 0.003 | -25% | $2,100,000 | 1.6M |
| PCL | Pancontinental Oil & Gas NL | 0.0015 | -25% | $8,100,000 | 2.9M |
| CLZ | Classic Minerals Ltd | 0.0015 | -25% | $4,100,000 | 11.2M |
| CGM | Cougar Metals NL | 0.0015 | -25% | $1,500,000 | 1.0M |
| OLI | Oliver's Real Food Ltd | 0.021 | -22% | $5,300,000 | 7.8M |
| ATL | Apollo Tourism & Leisure Ltd | 0.9 | -21% | $164,300,000 | 1.2M |
| GLB | Globe International Ltd | 1.6 | -20% | $66,300,000 | 113.3k |
| RXL | Rox Resources Ltd/Australia | 0.01 | -20% | $10,100,000 | 3.1M |
| ANL | Amani Gold Ltd | 0.002 | -20% | $3,700,000 | 188.5k |
| OVT | Ovato Ltd | 0.14 | -18% | $76,500,000 | 319.4k |
| THD | Thred Ltd | 0.0025 | -17% | $4,500,000 | 130.4k |
| RLC | Reedy Lagoon Corp Ltd | 0.005 | -17% | $2,000,000 | 140.8k |
| RFN | Reffind Ltd | 0.005 | -17% | $2,600,000 | 130.0k |
| GTE | Great Western Exploration Ltd | 0.005 | -17% | $4,800,000 | 50.0k |
| EPM | Eclipse Uranium Ltd | 0.0025 | -17% | $2,900,000 | 560.0k |
| CIO | Connected IO Ltd | 0.0025 | -17% | $4,500,000 | 16k |
| AHN | Athena Resources Ltd/Australia | 0.01 | -17% | $3,300,000 | 128.4k |
| PDZ | Prairie Mining Ltd | 0.33 | -15% | $70,100,000 | 105.0k |
| WML | Woomera Mining Ltd | 0.05 | -15% | $5,600,000 | 308.7k |
That’s all you need to know. Hop to it!
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