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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, we hone in on the changing landscape for ASX-listed uranium players thanks to geopolitical factors (aka Trump), the NSX is going after fintechs, and the Secret Broker tells a tale of a questionable rights issue by a company named ShareRoot.
But first:
The day ahead
The only data in Australia is construction industry PMIs from the Ai Group, which have been stuck in contraction for the last nine months as the residential building boom comes to an end.
Looking abroad, all-important US jobs data is due out, with the median forecast for the US economy to have added 158,000 jobs in June.
Company news
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Friday:
Pushpay Holdings (ASX:PPH) – bookbuild
Nuheara (ASX:NUH) – capital raising
Silver Mines (ASX:SVL) – capital raising.
Monday:
Star Combo Pharma (ASX:S66) – capital raising & acquisition
Carnarvon Petroleum (ASX:CVN) – well results
Centaurus Metals (ASX:CTM) – pre-feasibility study results
NTM Gold (ASX:NTM) – capital raising
Lindian Resources (ASX:LIN) – project update
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
There was the usual diverse range of coverage on Stockhead’s Facebook group chat, ranging from Morgans’ best small-cap mining picks to a useful summary of ASX companies based in the US (it was July 4th after all).
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday, July 4:
Close Top 5 #MostDiscussedStocks: $PLS $CVN $NUH $WFE $GXY #asx #ausbiz https://t.co/xOFzWmkzay
— HotCopper (@HotCopper) July 4, 2019
Yesterday’s winners
Greenpower Energy (ASX:GPP) held its gains to close 100 per cent higher at 0.2c, after drilling results confirmed “shallow high-grade gold mineralisation” at its Golden Ant project.
Elsewhere, Pura Vida Energy (ASX:PVD) closed nearly 50 per cent higher after securing a strategic partnership and a capital raising for its Polish oil and gas project.
And Marenica Energy (ASX:MEY) rose strongly after announcing the purchase of uranium assets in WA and the Northern Territory. Just last week, Hylea Metals (ASX:HCO) roared ahead for the same reason, following the acquisition of a uranium project in Africa.
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Here are the best performing ASX small cap stocks for Thursday, July 4:
| Ticker | Name | Price | % Chg | Volume | Market Cap |
|---|---|---|---|---|---|
| GPP | Greenpower Energy Ltd | 0.002 | +100.00% | 2.1M | $3.9M |
| NXE | New Energy Minerals Ltd | 0.03 | +52.94% | 926.6k | $3.9M |
| CLZ | Classic Minerals Ltd | 0.0015 | +50.00% | 1.7M | $4.5M |
| RAG | Ragnar Metals Ltd | 0.01 | +50.00% | 381.7k | $1.9M |
| UTR | Ultracharge Ltd | 0.003 | +50.00% | 7.2M | $3.2M |
| PVD | Pura Vida Energy NL | 0.03 | +47.06% | 36.4M | $6.3M |
| ADX | ADX Energy Ltd | 0.008 | +33.33% | 12.8M | $9.7M |
| SMI | Santana Minerals Ltd | 0.004 | +33.33% | 4.1M | $2.7M |
| SOP | Synertec Corp Ltd | 0.04 | +33.33% | 67.0k | $8.8M |
| TAS | Tasman Resources Ltd | 0.06 | +30.23% | 9.7M | $30.1M |
| CZL | Consolidated Zinc Ltd | 0.013 | +30.00% | 10.9M | $15.3M |
| KYK | Kyckr Ltd | 0.06 | +30.00% | 1.6M | $9.8M |
| CY5 | Cygnus Gold Ltd | 0.04 | +29.03% | 6.2k | $2.6M |
| RMI | Resource Mining Corp Ltd | 0.009 | +28.57% | 1.3M | $2.7M |
| MEY | Marenica Energy Ltd | 0.12 | +27.78% | 313.0k | $8.4M |
| ODM | Odin Metals Ltd | 0.15 | +25.00% | 378.4k | $23.1M |
| ANL | Amani Gold Ltd | 0.0025 | +25.00% | 45.9M | $13.0M |
| MCE | Matrix Composites & Engineerining | 0.4 | +23.44% | 266.1k | $40.9M |
| CFE | Cape Lambert Resources Ltd | 0.011 | +22.22% | 2.6M | $11.2M |
| BAS | Bass Oil Ltd | 0.003 | +20.00% | 1.0M | $7.8M |
| SER | Strategic Energy Resources Ltd | 0.006 | +20.00% | 782.0k | $5.4M |
Yesterday’s losers
A number of penny stocks across resources and energy ticked lower, while Challenger Exploration (ASX:CEL) rejoined the boards now that it has re-complied with Chapters 1 & 2 of the ASX listing rules.
The company announced that it had successfully raised $5m at 3c per share “as part of re-compliance process”. The money will be used help progress the company’s gold projects in Argentina and Ecuador.
Here are the worst performing ASX small cap stocks for Thursday, July 4:
| Ticker | Company | Price ($) | % Chg | Volume | Market Cap |
|---|---|---|---|---|---|
| PCL | Pancontinental Oil & Gas NL | 0.001 | -50.00% | 164.3k | $5.4M |
| CEL | Challenger Exploration Ltd | 0.03 | -41.82% | 20.9M | $14.9M |
| TRL | Tanga Resources Ltd | 0.001 | -33.33% | 900.0k | $2.5M |
| SUR | Sun Resources NL | 0.002 | -33.33% | 12.0k | $881K |
| QGL | Quantum Graphite Ltd | 0.002 | -33.33% | 5.3M | $15.3M |
| PSM | Peninsula Mines Ltd | 0.001 | -33.33% | 12.5k | $2.0M |
| LRS | Latin Resources Ltd | 0.001 | -33.33% | 16.0M | $3.9M |
| FAM | Family Insights Group Ltd | 0.001 | -33.33% | 159.5k | $2.5M |
| CYQ | Cycliq Group Ltd | 0.001 | -33.33% | 8.3M | $972K |
| VAR | Variscan Mines Ltd | 0.0015 | -25.00% | 550.0k | $1.9M |
| RIM | Rimfire Pacific Mining NL | 0.003 | -25.00% | 71.7k | $3.2M |
| OLV | Otherlevels Holdings Ltd | 0.011 | -22.22% | 1.3k | $2.3M |
| SIH | Sihayo Gold Ltd | 0.004 | -21.43% | 311.0k | $25.5M |
| WCN | White Cliff Minerals Ltd | 0.004 | -20.00% | 7.5k | $1.9M |
| SI6 | Six Sigma Metals Ltd | 0.004 | -20.00% | 14.7k | $2.2M |
| MGT | Magnetite Mines Ltd | 0.004 | -20.00% | 2.1k | $3.2M |
| GBZ | GBM Resources Ltd | 0.004 | -20.00% | 848.9k | $4.4M |
| REV | Real Estate Investar Group Ltd | 0.009 | -18.18% | 998.4k | $2.1M |
| JHL | Jayex Healthcare Ltd | 0.04 | -18.00% | 19.9k | $7.1M |
| RNX | Renegade Exploration Ltd | 0.0025 | -16.67% | 1.0M | $1.8M |
| AEV | Avenira Ltd | 0.005 | -16.67% | 1.5M | $5.3M |
