On Stockhead today, we take a look at which commodities will remain strong into 2020, one of the biggest local bears on the lithium sector turns bullish as VW pushes into EVs, and a couple of fund managers just sank more cash into Speedcast even after losing millions.

But first:

The day ahead

On the local data front, the Melbourne Institute will release its inflation expectations index for the month of May. The index has been “on a moderating trend since Feb 2019”, Westpac said.

The ABS will also have housing finance data for May at 11:30am (eastern time). Then tonight (11:10pm) RBA deputy governor Guy Debelle gives a speech from the FX Conference in New York.

In the US, key data will be highlighted by June inflation figures while Fed chair Jerome Powell will conclude his semi-annual testimony before Congress.

Company news

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

Thursday:
Elixir Energy (ASX:EXR) – government project approval

Friday:
Peel Mining (ASX:PEX) – clarification of announcement

Markets

Gold: $US1,419.89 ($2,038.93) +1.20%

Silver: $US15.27 +0.19%

Oil (Brent): $US66.72 +3.99%

Oil (WTI): $US60.41 +4.46%

Coal: $US77.60

Iron ore 62pc fe: $US121.20 -1.1%

AUD/USD: $US0.6965 +0.11%

What got you talking yesterday

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday, July 10:

Yesterday’s winners

White Energy Company (ASX:WEC) finished the day on top with a gain of 54.55 per cent after an update on its legal battles in Singapore.

The Singapore Court of Appeal dismissed an appeal from Bayan in connection with a previous judgment which ruled in favour of a WEC subsidiary.

“The proceedings will now continue to the third tranche where damages and loss arising from Bayan’s breaches and repudiation of the joint venture will be determined,” the company said.

Here are the best performing ASX small cap stocks for Wednesday, July 10:

TickerNamePrice% ChgVolumeMarket Cap
WEC White Energy Co Ltd0.17+54.55%391.5k$87.8M
CZN Corazon Mining Ltd0.003+50.00%2.0M$4.9M
EXO Ennox Group Ltd0.003+50.00%3.0M$5.3M
QFY Quantify Technology Holdings0.006+50.00%9.9M$7.1M
THD Thred Ltd0.0015+50.00%500.0k$2.7M
VPR Volt Power Group Ltd0.0015+50.00%1.8M$12.4M
XPE Xped Ltd0.003+50.00%741.3k$4.5M
IXC Invex Therapeutics Ltd1.49+41.90%3.1M$82.0M
SUD Suda Pharmaceuticals Ltd0.004+33.33%3.3M$14.2M
4CE Force Commodities Ltd0.02+33.33%6.3M$9.3M
GCR Golden Cross Resources Ltd0.03+28.00%50.3k$3.3M
ANL Amani Gold Ltd0.0025+25.00%500.0k$13.0M
TSC Twenty Seven Co Ltd0.0025+25.00%224.7k$2.5M
VAL Valor Resources Ltd0.005+25.00%2.5M$9.5M
ZLD Zelda Therapeutics Ltd0.07+24.53%13.5M$49.9M
IS3 I Synergy Group Ltd0.26+23.81%6.9k$47.6M
DCN Dacian Gold Ltd0.64+21.90%22.0M$144.5M
1ST 1st Group Ltd0.09+20.27%5.5M$31.6M
ARM Aurora Minerals Ltd0.012+20.00%1.3M$2.8M
RNX Renegade Exploration Ltd0.003+20.00%4.4M$2.1M

Yesterday’s losers

Among the laggards was Environmental Clean Technologies (ASX:ECT), which resumed trading after a four month suspension and investors, keen to exit, sent it down 46 per cent.

Here are the worst performing ASX small cap stocks for Wednesday, July 10:

TickerCompanyPrice ($)% ChgVolumeMarket Cap
MZN Marindi Metals Ltd0.001-50.00%$2.1M10.1M
ECT Environmental Clean Technologies0.007-46.15%$33.6M95.3M
SYT Syntonic Ltd0.001-33.33%$6.7M11.9M
LRS Latin Resources Ltd0.001-33.33%$3.9M50.0k
GLV Global Vanadium Ltd0.001-33.33%$2.8M2.5M
GGX Gas2Grid Ltd0.002-33.33%$3.5M23.0k
PBX Pacific Bauxite Ltd0.005-28.57%$2.0M1.7M
MEB Medibio Ltd0.01-26.32%$3.5M16.9M
MSR Manas Resources Ltd0.003-25.00%$7.9M5.7M
MLS Metals Australia Ltd0.0015-25.00%$4.4M431.0k
MHC Manhattan Corp Ltd0.003-25.00%$2.2M70.0k
DDD 3D Resources Ltd0.0015-25.00%$1.7M180.0k
BNL Big Star Energy Ltd0.006-25.00%$2.4M4.7M
AGE Alligator Energy Ltd0.003-25.00%$3.0M2.4M
KGD Kula Gold Ltd0.01-23.08%$558K1.0M
UUV UUV Aquabotix Ltd0.007-22.22%$2.3M26.9M