On Stockhead today, we give you the lowdown on the Chinese cannabis market, recap the stocks that made it onto analysts’ radars and give our readers a (simplified) tour of a heavy rare earths mine inspired by X-Men.

But first:

The day ahead

Local markets will get data from the ABS on building approvals (expected to continue falling) and trade surplus figures (expected to continue surging) for the month of May.

There’s also a raft of July services PMI data on the schedule, both locally and across the globe.

Company news

An avalanche of companies are about to rejoin the boards, with no less than 13 stocks due out of a trading halt or voluntary suspension today:

Wednesday

Silver Chef (ASX:SIV) – acquisition of itself
Impression Healthcare (ASX:IHL) – proposed capital raising & expansion
Nova Minerals (ASX:NVA) – capital raising
Wellard (ASX:WLD) – recapitalisation
Chalice Gold Mines (ASX:CHN) – sale of Quebec gold projects
Pursuit Minerals (ASX:PUR) – capital raising
Apollo Minerals (ASX:AON) – project announcement
Oro Verde (ASX:OVL) – acquisition
Capricorn Metals (ASX:CMM) – capital raising & board appointments
Piedmont Lithium (ASX:PLL) – capital raising
Aguia Resources (ASX:AGR) – capital raising
Keybridge Capital (ASX:KBC) – company investment
GBST (ASX:GBT) – response to acquisition proposal

Thursday:

Kalamazoo Resources (ASX:KZR) – capital raising
Titomic (ASX:TTT) – capital raising
IODM (ASX:IOD) – capital raising

Markets

Gold: $US1,418.34 ($2,028.08) +0.2.05%

Silver: $US15.32 +0.08%

Oil (Brent): $US62.74 +0.02%

Oil (WTI): US56.32 -4.69%

Coal: $US71.02

Iron ore 62pc fe: $US126.20 +4.1%

AUD/USD: $0.6994

What got you talking yesterday

Over on the Stockhead Facebook group chat, regular contributor Mel Culley had some more thoughts on the nickel market in response to group member Scott North’s post:

“The (fickle) nickel market is full of aspirations. It’s not the amount of nickel companies produce but the grade of the ore pre- and post-refining. The battery makers want nickel purity at least to 99.99 per cent but many companies struggle to achieve that level.

Some of the class-one producers are: Norilsk, Ambatovy, Impala, Sherritt, Nikkelverk, Vale, and the Aussies BHP & Murrin Murrin. But all still have a way to go to achieve the perfect product. The technology of battery composition is moving very rapidly and will continue to do so, who knows what the flavour of the month will be next, drop me a PM if you do.”

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Tuesday, July 2:

Yesterday’s winners

The big winner was biotech stock NeuroScientific Biopharmaceuticals (ASX:NSB), which had doubled up by lunchtime and closed almost three times higher with a gain of 189 per cent.

Markets reacted to NSB’s reported results from a study that endorsed its therapy to treat Alzheimer’s.

These were the best performing ASX small cap stocks at the close, Tuesday July 2:

Ticker Name Price % Chg Volume Market Cap
NSB NeuroScientific Biopharmaceuti 0.42 +189.66% 35.1M $30.9M
CAE Cannindah Resources Ltd 0.014 +55.56% 1.1M $2.5M
HCT Holista CollTech Ltd 0.06 +50.00% 58.9k $14.7M
TMX Terrain Minerals Ltd 0.003 +50.00% 4.1M $1.9M
GCR Golden Cross Resources Ltd 0.03 +47.06% 9.0k $2.5M
HYD Hydrix Ltd 0.03 +39.13% 14.5M $21.4M
AUH AustChina Holdings Ltd 0.004 +33.33% 1.5M $4.5M
LI3 Lithium Consolidated Ltd 0.06 +27.45% 25.0k $6.1M
BAS Bass Oil Ltd 0.0025 +25.00% 1.0M $6.5M
DTM Dart Mining NL 0.005 +25.00% 1.2M $5.1M
DTR Dateline Resources Ltd 0.0025 +25.00% 666.7k $20.3M
LCY Legacy Iron Ore Ltd 0.005 +25.00% 2.1M $7.3M
NAE New Age Exploration Ltd 0.005 +25.00% 11.0M $4.4M
SMD Syndicated Metals Ltd 0.005 +25.00% 1.5M $3.3M
TSC Twenty Seven Co Ltd 0.005 +25.00% 7.3M $2.5M
WBE Whitebark Energy Ltd 0.005 +25.00% 2.6M $9.8M

Yesterday’s losers

Investment company Mariner Corp (ASX:MCX) slumped by more than 50 per cent to 2c on no news.

Also falling sharply was satellite technology company Speedcast International (ASX:SDA) after it issued a revised full-year earnings update.

Markets were less than impressed, sending shares in SDA down more than 40 per cent to $2.06.

These were the worst performing ASX small cap stocks at the close, Tuesday July 2:

Ticker Company Price ($) % Chg Volume Market Cap
MCX Mariner Corp Ltd 0.02 -57.45% 13.0k $275K
SDA SpeedCast International Ltd 2.06 -40.80% 31.9M $493.9M
UTR Ultracharge Ltd 0.002 -33.33% 655.0k $2.1M
IAM Intiger Group Ltd 0.001 -33.33% 24.4M $1.7M
KGM KalNorth Gold Mines Ltd 0.006 -33.33% 200.0k $5.4M
VIC Victory Mines Ltd 0.003 -25.00% 3.0M $2.0M
IVO Invigor Group Ltd 0.0015 -25.00% 20.1M $8.6M
CAD Caeneus Minerals Ltd 0.003 -25.00% 4.6M $3.2M
ADV Ardiden Ltd 0.003 -25.00% 876.3k $5.0M
STM Sunstone Metals Ltd 0.03 -25.00% 41.3M $36.6M
REZ Resources & Energy Group Ltd 0.05 -23.08% 2.2k $15.1M
OBM Ora Banda Mining Ltd 0.12 -22.58% 958.2k $58.3M
QTG Q Technology Group Ltd 0.004 -20.00% 50k $601K
MRQ MRG Metals Ltd 0.004 -20.00% 666.7k $2.7M
IMS Impelus Ltd 0.008 -20.00% 2.0M $5.5M
AUT Auteco Minerals Ltd 0.004 -20.00% 300.0k $4.0M
IP1 Integrated Payment Technologies 0.02 -19.05% 2.0M $5.3M