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Rise & Shine: What you need to know before the ASX opens
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On Stockhead today, what small fries can learn from big health caps, an expert’s view of where crypto is headed, and Barry FitzGerald gets his heavy metal on.
But first, here’s what you need to know.
The day ahead
Australian labour market indicators are in the spotlight, with unemployment rates and inflation expectations released at 11.30am today.
Key retail sales and production data are also due to be released in the US and China.
Earnings
Elmo Software (ASX:ELO), Mt Gibson Iron (ASX:MGX) and Pharmaxis (ASX:PXS) all have earning reports due out today.
Trading Halts
Due Out Today:
Global Energy Ventures (ASX:GEV) – capital raise
Calidus (ASX:CAI) – capital raise
Sabre Resources (ASX:SBR) – acquisition
Lefroy Exploration (ASX:LEX) – capital raise
Buru Energy (ASX:BRU) – well results
Golden Rim Resources (ASX:GMR) – capital raise
Due Out Tomorrow:
Powerhouse Ventures (ASX:PVL) – capital raising
OreCorp (ASX:ORR) – capital raising
Ora Banda Mining (ASX:OBM) – capital raising
CV Check (ASX:CV1) – capital raising
Black Rock Mining (ASX:BKT) – capital raising
Schrole Group (ASX:SCL) – capital raising
Amani Gold (ASX:ANL) – capital raising
Markets
Gold: $US1,516.04 ($2,224.93) +0.01%
Silver: $US17.23 -0.14%
Oil (Brent): $US58.99 -3.15%
Oil (WTI): $US54.82 -0.24%
Coal: $US71.10 -1.46%
Iron ore 62pc fe: $US95.71 +0.63%
AUD/USD: $US0.6754 +0.10%
What got you talking yesterday
These were the five most discussed stocks among ASX investors on Wednesday August 14:
$AGY – Argosy Minerals
$NUH – Nuheara
$LYC – Lynas Corporation
$A40 – Alita Resources
$LTR – Liontown Resources
We have a Small Cap Facebook group where punters chat about their favourite stocks and market moving events. You can apply here.
Yesterday’s winners
Castle Minerals (ASX:CDT) has been treading water for much of this year. Until now, that is, because the ~$3m market cap explorer just signed a significant, $US11.7m farm-out deal with private company Iguana Resources over a couple of its unwanted Ghanian projects, sending the stock up 84 per cent.
Adveritas (ASX:AV1) raised over $2.8m to expand “sales and marketing efforts”. Company directors shelled out $1.3m personally at 10c a share — a 13.6 per cent premium — which saw the stock jump 25 per cent by the closing bell. Always a strong vote of confidence when management put their own money on the line.
Swipe or scroll to reveal the full table. Click headings to sort
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| DDD | 3D Resources | 0.002 | +100.00% | $2.2M | 530.0k |
| GLV | Global Vanadium | 0.002 | +100.00% | $11.3M | 4.5M |
| GPP | Greenpower Energy | 0.002 | +100.00% | $4.0M | 1.0M |
| CDT | Castle Minerals | 0.011 | +83.33% | $2.5M | 38.5M |
| CAD | Caeneus Minerals | 0.003 | +50.00% | $3.2M | 3.8M |
| IVT | Inventis | 0.003 | +50.00% | $2.1M | 125.7k |
| VIC | Victory Mines | 0.003 | +50.00% | $2.0M | 2.1M |
| AHL | AHAlife Holdings | 0.008 | +33.33% | $8.1M | 123.6M |
| ALT | Analytica | 0.004 | +33.33% | $14.1M | 300.0k |
| CLZ | Classic Minerals | 0.004 | +33.33% | $8.4M | 12.1M |
| PCL | Pancontinental Oil & Gas | 0.004 | +33.33% | $10.8M | 8.1M |
| SMI | Santana Minerals | 0.004 | +33.33% | $2.7M | 1.6M |
| WWG | Wiseway Group | 0.22 | +29.41% | $26.6M | 25.0k |
| RAG | Ragnar Metals | 0.009 | +28.57% | $2.8M | 582.1k |
| AV1 | AdVeritas | 0.11 | +25.00% | $17.5M | 258.2k |
| OKR | Okapi Resources | 0.25 | +25.00% | $8.6M | 124.5k |
| CZN | Corazon Mining | 0.005 | +25.00% | $4.1M | 550.0k |
| DRE | Dreadnought Resources | 0.005 | +25.00% | $7.3M | 4.2M |
| WCN | White Cliff Minerals | 0.005 | +25.00% | $2.4M | 150.0k |
Yesterday’s losers
Pact Group (ASX:PGH) fell 17 per cent after some poor results. The company’s after-tax result swung from a $74.5 million profit to a $289.6 million loss – a 489 per cent turnaround.
And Cape Lambert Resources (ASX:CFE) was down 22 per cent after failing to source funding for the development of the Kipushi copper-cobalt project in the Democratic Republic of Congo.
“Whilst we are not privy to the financier’s decision-making processes, we believe it is mainly due to the failing economics of the project in the current environment,” the explorer says.
“When the project was first introduced the cobalt price was approximately $US95,000 per tonne, but now trades at less than $US40,000 per tonne.
“Together with the challenging security situation and the yet to be controlled Ebola outbreak, it has made the DRC a very difficult jurisdiction for the company to work in.”
That’ll do it.
Swipe or scroll to reveal the full table. Click headings to sort
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| GLA | Gladiator Resources | 0.001 | -50.00% | $1.5M | 4.0M |
| OEQ | Orion Equities /fund | 0.12 | -36.84% | $2.1M | 50.0k |
| LKO | Lakes Oil | 0.001 | -33.33% | $33.4M | 31.7M |
| GTE | Great Western Exploration | 0.002 | -33.33% | $5.0M | 4.4M |
| GGX | Gas2Grid | 0.002 | -33.33% | $2.5M | 318.0k |
| CAV | Carnavale Resources | 0.002 | -33.33% | $2.3M | 531.4k |
| ROG | Red Sky Energy | 0.003 | -25.00% | $1.9M | 1.4M |
| NAE | New Age Exploration | 0.003 | -25.00% | $2.7M | 3.0M |
| CFE | Cape Lambert Resources | 0.007 | -22.22% | $7.2M | 4.9M |
| ANW | Aus Tin Mining | 0.007 | -22.22% | $15.5M | 2.0M |
| IVR | Investigator Resources | 0.03 | -21.21% | $19.2M | 16.5M |
| SUD | Suda Pharmaceuticals | 0.004 | -20.00% | $14.2M | 18.5M |
| RNX | Renegade Exploration | 0.004 | -20.00% | $2.9M | 36.4M |
| NSE | New Standard Energy | 0.004 | -20.00% | $3.3M | 166.7k |
| TGO | Trimantium GrowthOps | 0.41 | -19.61% | $57.0M | 2.0k |
| KP2 | Kore Potash | 0.03 | -18.18% | $23.2M | 62.6k |
| PGH | Pact Group Holdings | 2.31 | -16.91% | $794.6M | 9.2M |
