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:

Ticker Name Price % Chg Volume Market Cap
WEC White Energy Co Ltd 0.17 +54.55% 391.5k $87.8M
CZN Corazon Mining Ltd 0.003 +50.00% 2.0M $4.9M
EXO Ennox Group Ltd 0.003 +50.00% 3.0M $5.3M
QFY Quantify Technology Holdings 0.006 +50.00% 9.9M $7.1M
THD Thred Ltd 0.0015 +50.00% 500.0k $2.7M
VPR Volt Power Group Ltd 0.0015 +50.00% 1.8M $12.4M
XPE Xped Ltd 0.003 +50.00% 741.3k $4.5M
IXC Invex Therapeutics Ltd 1.49 +41.90% 3.1M $82.0M
SUD Suda Pharmaceuticals Ltd 0.004 +33.33% 3.3M $14.2M
4CE Force Commodities Ltd 0.02 +33.33% 6.3M $9.3M
GCR Golden Cross Resources Ltd 0.03 +28.00% 50.3k $3.3M
ANL Amani Gold Ltd 0.0025 +25.00% 500.0k $13.0M
TSC Twenty Seven Co Ltd 0.0025 +25.00% 224.7k $2.5M
VAL Valor Resources Ltd 0.005 +25.00% 2.5M $9.5M
ZLD Zelda Therapeutics Ltd 0.07 +24.53% 13.5M $49.9M
IS3 I Synergy Group Ltd 0.26 +23.81% 6.9k $47.6M
DCN Dacian Gold Ltd 0.64 +21.90% 22.0M $144.5M
1ST 1st Group Ltd 0.09 +20.27% 5.5M $31.6M
ARM Aurora Minerals Ltd 0.012 +20.00% 1.3M $2.8M
RNX Renegade Exploration Ltd 0.003 +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:

Ticker Company Price ($) % Chg Volume Market Cap
MZN Marindi Metals Ltd 0.001 -50.00% $2.1M 10.1M
ECT Environmental Clean Technologies 0.007 -46.15% $33.6M 95.3M
SYT Syntonic Ltd 0.001 -33.33% $6.7M 11.9M
LRS Latin Resources Ltd 0.001 -33.33% $3.9M 50.0k
GLV Global Vanadium Ltd 0.001 -33.33% $2.8M 2.5M
GGX Gas2Grid Ltd 0.002 -33.33% $3.5M 23.0k
PBX Pacific Bauxite Ltd 0.005 -28.57% $2.0M 1.7M
MEB Medibio Ltd 0.01 -26.32% $3.5M 16.9M
MSR Manas Resources Ltd 0.003 -25.00% $7.9M 5.7M
MLS Metals Australia Ltd 0.0015 -25.00% $4.4M 431.0k
MHC Manhattan Corp Ltd 0.003 -25.00% $2.2M 70.0k
DDD 3D Resources Ltd 0.0015 -25.00% $1.7M 180.0k
BNL Big Star Energy Ltd 0.006 -25.00% $2.4M 4.7M
AGE Alligator Energy Ltd 0.003 -25.00% $3.0M 2.4M
KGD Kula Gold Ltd 0.01 -23.08% $558K 1.0M
UUV UUV Aquabotix Ltd 0.007 -22.22% $2.3M 26.9M