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Rise and Shine: What you need to know before the ASX opens
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Coming up on Stockhead today, Rio confirms its massive Winu find, who became a substantial shareholder this week and we “check up” on health stocks. Ha.
But first, here’s what you need to know right now:
The week ahead in data
Today Bloomberg releases its January Australian economic survey, while the Reserve Bank of Australia releases data on private capital expenditure and private sector credit figures.
Company news
Three companies are set to come out of trading halts today. Ausgold (ASX:AUC) and New Age Exploration (ASX:NAE) will have details of capital raises and amaysim (ASX:AYS) is updating investors on the institutional portion of an entitlement offer.
Around 168 million shares will be released from escrow today, from five companies: Credible Labs (ASX:CRD), Digital Wine Ventures (ASX:DW8), engage:BDR (ASX:EN1), PINCHme.com (ASX:PIN) and Rafaella Resources (ASX:RFR). Click here to view how many each.
Commodities
Gold: $US1321.56 ($1851.43) -0.72%
Silver: $US15.69 -1.34%
Oil (Brent): $US66.41 +1.78%
Oil (WTI): $US57.07 +2.70%
Coal: $US94.90 +1.17%
Iron ore 62% fe: $US87.70 -0.27%
AUD/USD: $US0.7138
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What got you talking yesterday
Generating interest over on the Stockhead small cap Facebook forum yesterday was something on the more boring side: computer chips.
“Join us in the wild world of… semiconductors,” wrote senior journalist Rachel Williamson. “You may not be fascinated by chips, but you will be fascinated by the things they can make possible, and that’s what we’re talking about here.”
It’s actually not boring at all. Check out our video on ASX semiconductor stocks to watch here.
These were the most-discussed stocks at close on stock gossip forum HotCopper:
Close Top 5 #MostDiscussedStocks: $AVZ $AUZ $BAL $FLC $4DS #asx #ausbiz https://t.co/xOFzWmkzay
— HotCopper (@HotCopper) February 27, 2019
Fluence Corp (ASX:FLC) finally revealed that Ivory Coast is the African country it’s been talking to for 18 months about a €165 million ($261m) water treatment plant for its largest city, Abidjan.
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Yesterday’s winners
iBuyNew Group (ASX:IBN) could be in for a please explain from the ASX with some wild trading yesterday. It was the biggest winner with a 76 per cent rise to 9c on no news, this coming after an 80 per cent drop to 5c earlier this week, also on no news.
Ruralco Holdings (ASX:RHL) came out of a trading halt yesterday afternoon to announce Nutrien would acquire it in full for $4.40 a share, which pushed RHL shares up 45 per cent to $4.44.
And OpenDNA (ASX:OPN) shares rose 30 per cent to 6c after it signed a deal with Better Nature to lead its market entry into China and to drive online sales.
| ASX code | Company name | Price | % change | Market cap | Volume |
|---|---|---|---|---|---|
| IBN | Ibuynew Group Ltd | 0.09 | 76% | $2,000,000 | 117.4k |
| EGY | Energy Technologies Ltd | 0.25 | 75% | $14,000,000 | 287k |
| AKN | Auking Mining Ltd | 0.0015 | 50% | $1,400,000 | 500.0k |
| MRD | Mount Ridley Mines Ltd | 0.0015 | 50% | $3,500,000 | 2.2M |
| RHL | Ruralco Holdings Ltd | 4.44 | 45% | $466,400,000 | 3.9M |
| WOA | Wide Open Agriculture Ltd | 0.17 | 35% | $12,400,000 | 61.2k |
| ARO | Astro Resources NL | 0.004 | 33% | $5,100,000 | 100.9k |
| CLZ | Classic Minerals Ltd | 0.002 | 33% | $5,400,000 | 1.7M |
| MSR | Manas Resources Ltd | 0.004 | 33% | $10,600,000 | 171.5k |
| ATP | Atlas Pearls Ltd | 0.017 | 31% | $7,300,000 | 109.9k |
| OPN | OpenDNA Ltd | 0.06 | 30% | $12,000,000 | 6.7M |
| ATU | Atrum Coal Ltd | 0.19 | 28% | $63,100,000 | 2.8M |
| FPL | Fremont Petroleum Corp Ltd | 0.008 | 25% | $9,200,000 | 9.9M |
| ANL | Amani Gold Ltd | 0.0025 | 25% | $5,500,000 | 5.0M |
| BLY | Boart Longyear Ltd | 0.005 | 25% | $131,500,000 | 46.3M |
| SMI | Santana Minerals Ltd | 0.005 | 25% | $2,800,000 | 1.0M |
| SPZ | Smart Parking Ltd | 0.14 | 23% | $48,500,000 | 2.1M |
| ENT | Enterprise Metals Ltd | 0.011 | 22% | $4,300,000 | 50.0k |
| FXL | FlexiGroup Ltd/Australia | 1.59 | 21% | $595,100,000 | 7.5M |
Yesterday’s losers
Australis Oil & Gas (ASX:ATS) was among the day’s biggest losers, falling 25 per cent to 27c. It was a busy day for Australis, which released its annual report, a drilling update and share placement update.
| ASX code | Company name | Last price | % change | Market cap | Volume |
|---|---|---|---|---|---|
| TLM | Talisman Mining Ltd | 0.095 | -59% | $17,600,000 | 4.8M |
| VAR | Variscan Mines Ltd | 0.001 | -50% | $1,300,000 | 93.8k |
| UNL | United Networks Ltd | 0.012 | -37% | $1,500,000 | 40.5k |
| FGO | Flamingo AI Ltd | 0.007 | -36% | $7,800,000 | 31.7M |
| TOM | Tomizone Ltd | 0.007 | -30% | $3,000,000 | 565.0k |
| ATS | Australis Oil & Gas Ltd | 0.27 | -25% | $242,000,000 | 12.4M |
| CGS | Cogstate Ltd | 0.36 | -24% | $42,900,000 | 315.3k |
| CAJ | Capitol Health Ltd | 0.18 | -23% | $141,400,000 | 44.7M |
| RMG | RMG Ltd | 0.01 | -21% | $6,600,000 | 10.8k |
| PSZ | PS&C Ltd | 0.09 | -21% | $22,800,000 | 775.2k |
| INK | Indago Energy Ltd | 0.04 | -20% | $8,500,000 | 886.7k |
| SF1 | STEMify Ltd | 0.004 | -20% | $2,200,000 | 252.3k |
| QGL | Quantum Graphite Ltd | 0.002 | -20% | $15,000,000 | 633.0k |
| KGM | KalNorth Gold Mines Ltd | 0.004 | -20% | $3,600,000 | 80.0k |
| CIO | Connected IO Ltd | 0.002 | -20% | $3,600,000 | 7.9M |
| BUY | Bounty Oil & Gas NL | 0.004 | -20% | $3,800,000 | 180.0k |
| MLX | Metals X Ltd | 0.29 | -19% | $203,300,000 | 40.2M |
| ICU | iSentric Ltd | 0.02 | -19% | $3,100,000 | 942.2k |
| TNY | Tinybeans Group Pty Ltd | 0.26 | -19% | $8,600,000 | 3.0k |
That’s all you need to know. Hop to it!
