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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, how will global finance regulators keep up with Facebook’s new crypto, using the power of the crowd to disrupt mineral exploration, and science finds a way to make hydrogen with less energy.
But first:
The day ahead
It’s a relatively quiet day of data in Australia before a speech from RBA assistant governor Michelle Bullock called “Modernising the Australian Payments System” (5:05pm AEST).
Overnight, all eyes will be on US Federal Reserve chair Jerome Powell when he gives a speech on the US economy in New York.
Company news
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Tuesday:
Spectur (ASX: SP3) – capital raising
Alice Queen (ASX: AQX) – capital raising
Comet Resources (ASX: CRL) – capital raising
Wednesday:
Bionomics (ASX: BNO) – clinical trial results
Superior Lake Resources (ASX: SUP) – capital raising
Arrow Minerals (ASX: AMD) – capital raising
Rimfire Pacific Mining (ASX: RIM) – capital raising
Indiana Resources (ASX: IDA) – capital raising
Archer Exploration (ASX: AXE) – development update
Markets
Gold: $US1,422.31 ($2,042.60) +1.50%
Silver: $US15.46 +0.58%
Oil (Brent): $US64.84 -0.66%
Oil (WTI): $US57.78 +0.56%
Coal: $US71.02 -1.53%
Iron ore 62pc fe: $US107.54 +0.31%
AUD/USD: $US0.6963 +0.53%
What got you talking yesterday
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Monday, June 24:
Close Top 5 #MostDiscussedStocks: $AVZ $AJM $LTR $GXY $SYR #asx #ausbiz https://t.co/xOFzWmkzay
— HotCopper (@HotCopper) June 24, 2019
Yesterday’s winners
One stock which didn’t get a guernsey on the most-discussed list — but arguably should’ve — was Hylea Metals (ASX:HCO), the battery metals play which has just made a small pivot to nuclear with a majority-acquisition of the Kayelekera uranium mine in Malawi.
Clearly investors are getting an itchy trigger finger in the uranium space, because the $10m deal was the catalyst for HCO shares to rocket higher by more than 330 per cent.
Here are the best performing ASX small cap stocks for Monday, June 24:
| Ticker | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| HCO | Hylea Metals Ltd | 0.06 | +330.77% | $5.6M | 17.3M |
| VAR | Variscan Mines Ltd | 0.002 | +100.00% | $2.5M | 900.0k |
| GGX | Gas2Grid Ltd | 0.003 | +50.00% | $5.2M | 233.3k |
| GLV | Global Vanadium Ltd | 0.0015 | +50.00% | $4.2M | 2.6M |
| IPT | Impact Minerals Ltd | 0.006 | +50.00% | $7.9M | 1.2M |
| AD1 | ApplyDirect Ltd | 0.02 | +33.33% | $6.8M | 309.1k |
| MSR | Manas Resources Ltd | 0.004 | +33.33% | $10.6M | 11.3M |
| PCL | Pancontinental Oil & Gas NL | 0.002 | +33.33% | $10.8M | 9.0M |
| MQR | Marquee Resources Ltd | 0.13 | +32.98% | $5.3M | 413.7k |
| KGD | Kula Gold Ltd | 0.03 | +26.09% | $10.9M | 261.7k |
| ARU | Arafura Resources Ltd | 0.14 | +25.91% | $105.5M | 19.7M |
| BAS | Bass Oil Ltd | 0.0025 | +25.00% | $6.5M | 6.6M |
| LCY | Legacy Iron Ore Ltd | 0.005 | +25.00% | $7.3M | 4.1M |
| PPY | Papyrus Australia Ltd | 0.005 | +25.00% | $1.2M | 20.0k |
| ROG | Red Sky Energy Ltd | 0.0025 | +25.00% | $3.1M | 500.0k |
| SVD | ScandiVanadium Ltd | 0.01 | +25.00% | $3.5M | 1.2M |
| VMC | Venus Metals Corp Ltd | 0.16 | +24.00% | $17.5M | 518.0k |
| EQE | Equus Mining Ltd | 0.013 | +23.81% | $11.7M | 2.0M |
| GPR | Geopacific Resources Ltd | 0.02 | +22.22% | $57.0M | 9.4M |
| TNR | Torian Resources Ltd | 0.011 | +22.22% | $2.8M | 223.8k |
| MOY | Millennium Minerals Ltd | 0.1 | +21.95% | $89.1M | 17.1M |
Yesterday’s losers
Leading the laggards was energy minnow NuEnergy Gas (ASX: NGY), which lost more than half its value on no news and low volumes with just 7,900 shares trading hands.
It was also a rough session for Harris Technology (ASX: HT8), which slumped by 55 per cent. Earlier this month, the IT company announced the cancellation of joint venture projects in China and Hong Kong.
Here are the worst performing ASX small cap stocks for Monday, June 24:
| Ticker | Company | Price ($) | % Chg | Volume | Market Cap |
|---|---|---|---|---|---|
| NGY | NuEnergy Gas Ltd | 0.005 | -58.33% | $7.4M | 7.9k |
| HT8 | Harris Technology Group Ltd | 0.012 | -55.56% | $2.2M | 136.3k |
| TRM | Truscott Mining Corp Ltd | 0.007 | -53.33% | $825K | 800.0k |
| TMX | Terrain Minerals Ltd | 0.002 | -33.33% | $1.3M | 570.0k |
| SYT | Syntonic Ltd | 0.002 | -33.33% | $6.6M | 3.6M |
| MTB | Mount Burgess Mining NL | 0.002 | -33.33% | $970K | 200.0k |
| GPP | Greenpower Energy Ltd | 0.001 | -33.33% | $1.9M | 756.4k |
| ADV | Ardiden Ltd | 0.002 | -33.33% | $3.4M | 4.1M |
| SER | Strategic Energy Resources Ltd | 0.005 | -28.57% | $4.5M | 7.0M |
| CLA | Celsius Resources Ltd | 0.03 | -27.50% | $22.0M | 75.7M |
| RES | Resource Generation Ltd | 0.13 | -25.71% | $75.6M | 7.5M |
| MLS | Metals Australia Ltd | 0.0015 | -25.00% | $4.4M | 2.7M |
| EFE | Eastern Iron Ltd | 0.003 | -25.00% | $1.2M | 25.0k |
| CIO | Connected IO Ltd | 0.003 | -25.00% | $5.4M | 1.3M |
| ORM | Orion Metals Ltd | 0.01 | -25.00% | $7.2M | 149.8k |
