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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Morgans explains why smaller miners have underperformed their larger counterparts and how now could be a good time to buy; we reveal the top 50 small cap miners and explorers for June; and big super funds are ramping up private investments.
But first:
The day ahead
Australia will get an important economic data update with the release of May retail sales (11:30am eastern time), while US markets will be closed for the Independence Day holiday.
Company news
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Thursday:
Kalamazoo Resources (ASX:KZR) – capital raising
Titomic (ASX:TTT) – capital raising
IODM (ASX:IOD) – capital raising
Friday:
Pushpay Holdings (ASX:PPH) – bookbuild
Nuheara (ASX:NUH) – capital raising
Silver Mines (ASX:SVL) – capital raising
Markets
Gold: $US1406.63 ($2,014.03) -0.95%
Silver: $US15.25 -0.55%
Oil (Brent): $US66.37 +1.88%
Oil (WTI): $US59.27 +2.44%
Coal: $US69.50 -0.57%
Iron ore 62pc fe: $US107.93 -0.97%
AUD/USD: $US0.6984 +0.33%
What got you talking yesterday
Over on the Stockhead Facebook chat page, Nick Sundich wrote a good outlook piece, asking whether the ASX can repeat its strong performance in the second half of the year.
In response, group member Harry Sight offered a succinct, one-word reply:
“Unlikely,” he said.
Duly noted, Harry.
And these were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday, July 3:
Close Top 5 #MostDiscussedStocks: $EN1 $GXY $MLS $NUH $SDA #asx #ausbiz https://t.co/xOFzWmkzay
— HotCopper (@HotCopper) July 3, 2019
Yesterday’s winners
Silver Chef (ASX:SIV) topped the pops, posting a gain of 129 per cent after announcing it is the subject of a takeover offer from a consortium of investors led by Next Capital Pty Ltd.
Here are the best performing ASX small cap stocks for Wednesday, July 3:
| Ticker | Name | Price | % Chg | Volume | Market Cap |
|---|---|---|---|---|---|
| SIV | Silver Chef Ltd | 0.71 | +129.03% | 1.6M | $27.9M |
| EER | East Energy Resources Ltd | 0.004 | +100.00% | 43.1k | $12.8M |
| FRX | Flexiroam Ltd | 0.02 | +63.64% | 93.2k | $4.4M |
| RIM | Rimfire Pacific Mining NL | 0.004 | +60.00% | 916.5k | $4.3M |
| CYQ | Cycliq Group Ltd | 0.0015 | +50.00% | 2.5M | $1.5M |
| FAM | Family Insights Group Ltd | 0.0015 | +50.00% | 287.7k | $3.8M |
| LRS | Latin Resources Ltd | 0.0015 | +50.00% | 17.9M | $5.8M |
| MDI | Middle Island Resources Ltd | 0.006 | +50.00% | 5.6M | $6.3M |
| QGL | Quantum Graphite Ltd | 0.003 | +50.00% | 300.0k | $23.0M |
| TRL | Tanga Resources Ltd | 0.003 | +50.00% | 45.0M | $3.8M |
| IBX | Imagion Biosystems Ltd | 0.02 | +43.75% | 5.0k | $7.4M |
| CMM | Capricorn Metals Ltd | 0.12 | +36.36% | 43.4M | $112.4M |
| CAD | Caeneus Minerals Ltd | 0.002 | +33.33% | 2.2M | $4.3M |
| CIO | Connected IO Ltd | 0.004 | +33.33% | 61.4M | $7.3M |
| KEY | Key Petroleum Ltd | 0.004 | +33.33% | 650.0k | $6.2M |
| RLC | Reedy Lagoon Corp Ltd | 0.004 | +33.33% | 389.2k | $1.6M |
| VAR | Variscan Mines Ltd | 0.002 | +33.33% | 500.0k | $2.5M |
| VIC | Victory Mines Ltd | 0.002 | +33.33% | 1.5M | $2.7M |
| FNT | Frontier Resources Ltd | 0.02 | +28.57% | 3.5M | $8.8M |
| UUV | UUV Aquabotix Ltd | 0.009 | +28.57% | 25.6M | $2.9M |
| VKA | Viking Mines Ltd | 0.014 | +27.27% | 778.1k | $4.4M |
Yesterday’s losers
Here are the worst performing ASX small cap stocks for Wednesday, July 3:
| Ticker | Company | Price ($) | % Chg | Volume | Market Cap |
|---|---|---|---|---|---|
| DDD | 3D Resources Ltd | 0.001 | -50.00% | $1.1M | 120.0k |
| DRE | Dreadnought Resources Ltd | 0.003 | -25.00% | $3.5M | 108.6k |
| AUH | AustChina Holdings Ltd | 0.003 | -25.00% | $3.3M | 200.0k |
| TPC | TPC Consolidated Ltd | 0.3 | -25.00% | $3.4M | 83.7k |
| MAG | Magmatic Resources Ltd | 0.01 | -22.22% | $1.6M | 366.1k |
| TSC | Twenty Seven Co Ltd | 0.002 | -20.00% | $2.0M | 13.7M |
| NWE | Norwest Energy NL | 0.002 | -20.00% | $6.8M | 262.5k |
| NOR | Norwood Systems Ltd | 0.004 | -20.00% | $8.3M | 9.7M |
| DTM | Dart Mining NL | 0.004 | -20.00% | $4.0M | 643.0k |
| BOC | Bougainville Copper Ltd | 0.1 | -18.33% | $39.3M | 132.7k |
| RCO | Royalco Resources Ltd | 0.19 | -17.39% | $10.0M | 10.0k |
| SER | Strategic Energy Resources Ltd | 0.005 | -16.67% | $4.5M | 3.3M |
| QFY | Quantify Technology Holdings | 0.005 | -16.67% | $5.7M | 15.9M |
| PPY | Papyrus Australia Ltd | 0.005 | -16.67% | $1.2M | 10.0k |
| SDA | SpeedCast International Ltd | 1.72 | -16.50% | $412.4M | 28.6M |
| TYM | Tymlez Group Ltd | 0.13 | -16.13% | $17.0M | 64.0k |
| AIS | Aeris Resources Ltd | 0.05 | -15.52% | $22.3M | 5.1M |
| NSB | NeuroScientific Biopharmaceuticals | 0.35 | -15.48% | $26.1M | 17.7M |
| NVU | Nanoveu Ltd | 0.04 | -15.38% | $5.8M | 206.4k |
