Rise and Shine: What you need to know before the ASX opens
This is a sunrise, not a sunset, trust us!
But first, here’s what you need to know right now:
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.
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.
Gold: $US1327.61 ($1849.10) +0.03%
Oil (Brent):$US65.07 +0.65%
Oil (WTI):$US55.54 +0.04%
Iron ore 62% fe:$US87.50 No change
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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:
— HotCopper (@HotCopper) February 26, 2019
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.
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.
That’s all you need to know. Hop to it!