On Stockhead today, rumour has it Independence Group (ASX:IGO) — along with junior partner Rumble Resources (ASX:RTR) — may be onto another Tropicana in the Fraser Range, Venus Metals boss Matt Hogan has some hot tips from Mark Creasy, and US betting is where the action is and these are the hot stocks in the sector.

But first:

The week ahead

Markets will open this morning following another ceasefire in the US-China trade war, as President Trump agreed to suspend further tariffs during talks with China’s Xi Jinping at the G20 summit over the weekend.

There’s a strong lineup of key data and events in Australia this week to kick off a new month, headlined by Tuesday’s interest rate announcement from the RBA (2:30pm AEST).

The market is now expecting the central bank to cut rates for the second time in two months, bringing the official cash rate to 1 per cent.

Before that though on Monday morning, CoreLogic will release its June home price index. It’s the first full monthly reading of national housing values since the election, and follows RBA data on Friday which showed growth in housing credit just slowed to an all-time low.

On Wednesday the ABS has two May releases — building approvals data (which has been tanking) and trade figures, with the recent rally in iron ore prices expected to support a “fresh record high” surplus, Westpac says.

And capping off the week on Thursday the ABS has retail sales figures — a key measure of economic health — with growth expected to remain soft in May.

Looking abroad, US markets will return from the July 4 holiday on Thursday with all-important June employment numbers on Friday night after Asian markets close.

Company news

The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:

Monday:

Ausmex Mining (ASX:AMG) – exploration results
Titan Minerals (ASX:TTM) – acquisition
Atomos (ASX:AMS) – capital raising
Invictus Energy (ASX:IVZ) – update to resource estimate
Moho Resources (ASX:MOH) – results
Calima Energy (ASX:CE1) – capital raising
Adacel Technologies (ASX:ADA) – trading update
Onevue Holdings (ASX:OVH) – sale of Trustee Services.

Tuesday:

Speciality Minerals (ASX:SEI) – acquisition
Smart Marine Systems (ASX:SM8) – capital raising
Collaborate Corp (ASX:CL8) – capital raising
Hot Chili (ASX:HCH) – capital raising
Lifespot Health (ASX:LSH) – product development & distribution heads of agreement
Carnavale Resources (ASX:CAV) – clarification of announcements.

Markets

Gold: $US1,409.50 ($2,006.83) -0.25%

Silver: $US15.32 +0.39%

Oil (Brent): $US64.39 -1.95%

Oil (WTI): $US58.20 -2.87%

Coal: $US68.83 +0.23%

Iron ore 62pc fe: $US118.02 +0.3%

AUD/USD: $US0.7021 +).19%

What got you talking last week

Over on Stockhead’s Facebook chat group, there were plenty of interesting narratives that caught the attention of group members from Tesla vs the traditional car manufacturers to the latest crypto update, and everything in between.

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Friday, June 28:

Last week’s winners

Moves in the share price of last week’s winner, Hylea Metals (ASX:HCO), shows that markets are still on the lookout for the next big uranium opportunity.

The battery metals company announced it was buying Paladin Energy’s (ASX:PDN) stake in the Kayelekera uranium mine in Malawi for $10m, and its share price closed the week more than 360 per cent higher.

Here are the best performing ASX small cap stocks for June 24-28:

Ticker Name Price last Friday Price this Friday % change Market Cap
HCO HYLEA METALS LTD 0.013 0.058 346 $5,808,074
AJC ACACIA COAL LTD 0.001 0.002 100 $8,135,304
DAF DISCOVERY AFRICA LTD 0.007 0.014 100 $2,551,286
KGM KALNORTH GOLD MINES LTD 0.003 0.006 100 $5,365,441
KGD KULA GOLD LTD 0.023 0.041 83 $2,364,372
OKR OKAPI RESOURCES LTD 0.11 0.165 65 $5,666,573
PNX PNX METALS LTD 0.006 0.007 60 $19,482,306
OXX OCTANEX LTD 0.006 0.008 60 $2,181,704
MOY MILLENNIUM MINERALS LTD 0.082 0.115 59 $93,574,584
OAU ORA GOLD LTD 0.01 0.014 56 $9,045,342
ORM ORION METALS LTD 0.01 0.015 50 $7,171,462
PSM PENINSULA MINES LTD 0.003 0.003 50 $3,038,616
NSE NEW STANDARD ENERGY LTD 0.004 0.006 50 $4,932,493
VAR VARISCAN MINES LTD 0.001 0.002 50 $1,906,610
PCH PROPERTY CONNECT HOLDINGS 0.002 0.003 50 $2,057,590
CAV CARNAVALE RESOURCES LTD 0.003 0.003 50 $2,228,999
XST XSTATE RESOURCES LTD 0.002 0.002 50 $3,421,473
BUY BOUNTY OIL & GAS NL 0.003 0.003 50 $2,860,203
ADN ANDROMEDA METALS LTD 0.013 0.016 45 $21,687,988
FNT FRONTIER RESOURCES LTD 0.014 0.014 42 $8,314,733
EDE EDEN INNOVATIONS LTD 0.028 0.038 41 $63,110,468
DNA DONACO INTL LTD 0.105 0.140 40 $115,302,992
QEM QEM LTD 0.1 0.140 40 $14,000,000
MGL MAGONTEC LTD 0.024 0.025 37 $37,622,424
RDG RESOURCE DEVELOPMENT GROUP L 0.016 0.019 36 $12,008,552
MOD MOD RESOURCES LTD 0.305 0.410 35 $127,679,600
RTR RUMBLE RESOURCES LTD 0.05 0.064 35 $25,076,418
POD PODIUM MINERALS LTD 0.067 0.092 35 $8,801,177

Last week’s losers

Internet domain company Arq Group (ASX:ARQ) remains under pressure, losing more than 40 per cent over the course of last week.

The falls followed another earnings downgrade for its larger enterprise division, with forecast core earnings of between $12m and $14.5m this year — well down from previous estimates of more than $20m — as the potential loss of a major customer continues to hang over the company.

Here are the lost performing ASX small cap stocks for June 24-28:

Ticker Name Price last Friday Price this Friday % change Market Cap
RPG RAPTIS GROUP LTD 0.049 0.070 -30 $7,489,279
EWC ENERGY WORLD CORP LTD 0.060 0.077 -31 $104,146,640
ADV ARDIDEN LTD 0.002 0.003 -33 $3,362,761
RIM RIMFIRE PACIFIC MINING NL 0.002 0.003 -33 $2,139,236
MTB MOUNT BURGESS MINING NL 0.002 0.003 -33 $970,259
PCL PANCONTINENTAL OIL & GAS NL 0.001 0.002 -33 $5,406,716
OEX OILEX LTD 0.002 0.003 -33 $5,174,636
DDD 3D RESOURCES LTD 0.001 0.002 -33 $1,107,221
CAD CAENEUS MINERALS LTD 0.002 0.002 -33 $2,141,260
SAN SAGALIO ENERGY LTD 0.002 0.003 -33 $409,320
MMR MEC RESOURCES LTD 0.004 0.005 -33 $2,072,892
CZN CORAZON MINING LTD 0.002 0.004 -33 $2,761,377
QGL QUANTUM GRAPHITE LTD 0.002 0.003 -33 $15,321,162
UNL UNITED NETWORKS LTD 0.009 0.011 -33 $1,006,600
LMW LANDMARK WHITE LTD 0.180 0.270 -33 $15,324,140
JJF JIAJIAFU MODERN AGRICULTURE 0.040 0.060 -33 $3,407,360
SUP SUPERIOR LAKE RESOURCES LTD 0.019 0.026 -34 $16,443,597
PUR PURSUIT MINERALS LTD 0.011 0.017 -35 $1,963,801
RES RESOURCE GENERATION LTD 0.125 0.175 -38 $72,672,544
ZEU ZEUS RESOURCES LTD 0.008 0.013 -38 $1,441,200
CMC CHINA MAGNESIUM CORP LTD 0.011 0.018 -39 $5,086,824
CDH CHONGHERR INVESTMENTS LTD 0.003 0.005 -40 $390,622
RMG RMG LTD 0.009 0.015 -40 $5,542,784
BNO BIONOMICS LTD 0.034 0.056 -40 $18,519,320
NGY NUENERGY GAS LTD 0.007 0.012 -42 $10,366,688
TRM TRUSCOTT MINING CORP LTD 0.008 0.015 -47 $942,732
ARQ ARQ GROUP LTD 0.700 1.400 -50 $87,934,408
GPP GREENPOWER ENERGY LTD 0.001 0.002 -50 $1,943,207
RXH REWARDLE HOLDINGS LTD 0.004 0.004 -50 $1,578,965
HT8 HARRIS TECHNOLOGY GROUP LTD 0.012 0.027 -56 $2,220,022
AEV AVENIRA LTD 0.006 0.013 -57 $6,351,770
MSI MULTISTACK INTERNATIONAL LTD 0.006 0.015 -60 $673,824