On Stockhead today, who’s setting up to recycle all the EV batteries, how to win by aligning your stock with big US tech, and one biotech’s ‘terrifying’ shift.

But first…

 

The day ahead

The All Ordinaries index of ASX shares retreated toward 7,000 points in Thursday trade, and was 0.75 per cent lower on day at 7,037 points.

Over in the US, Google parent company Alphabet punctured the $US2,000 per share level Wednesday, rising 7 per cent to a new record high price of $US2,058 per share.

The leading tech stock is embroiled in a row in Australia over its use of third party news reports.

Alphabet pulled in revenue of $US56.9bn in the December 2020-ended quarter, up 23 per cent on year.

Also, Federal government regulators, including the Commodity Futures Trading Commission, Federal Reserve, and the Securities and Exchange Commission are to meet to discuss recent volatile trading conditions on US stock markets.

The meeting was called by US Treasury Secretary, Janet Yellen, and is in the wake of the rapid rise and fall in the share price of US games retailer GameStop (NYSE:GME).

The US Treasury Department said that Yellen wanted the discussion to focus on whether “recent activities are consistent with investor protection and fair and efficient markets”, reported Barron’s.

GameStop’s share price appears to have settled, and closed 2.4 per cent higher Wednesday at $US92.41 per share. Its market value is still a hefty $US6.4bn ($8.4bn).

 

TRADING HALTS

The following companies are in trading halts and are expected to exit over the next two trading days:

 

Friday: 

Centaurus Metals (ASX:CTM) – mineral resource update
Marquee Resources (ASX:MQR) – capital raising

 

Monday: 

PolarX (ASX:PXX) – capital raising
Macarthur Minerals (ASX:MIO) – project announcement
Magnis Energy Technologies (ASX:MNS) – funding agreement
Argosy Minerals (ASX:AGY) – capital raising
Jatcorp (ASX:JAT) – supply contract
First Au (ASX:FAU) – capital raising
Amani Gold (ASX:ANL) – capital raising

 

MARKETS

Gold: $US1,791.78 ($2,359.00) (-2.29%)

Silver: $US26.26 ($34.57) (-2.24%)

Oil (WTI): $US56.42 (+1.29%)

Oil (Brent): $US58.96 (+0.86%)

Coal: $US88.63 (+0.00%)

Iron 62pc Fe: $US155.33 (+3.00%)

AUD/USD: $US0.7597 (-0.24%)

Bitcoin: $US37,208.18 (+0.40%)

 

What got you talking yesterday

The roll-out of COVID-19 vaccines in the coming months has people thinking about travel and tourism again after a period of staycations, or holidaying at home.

One company doing well out of the current uncertain travel market is aircraft leasing and charter flights company Alliance Aviation (ASX:AQZ) which has risen strongly this week.

A lift-off in commodity prices has generated good business from mining companies for their personnel to go with its business line of commercial flights for its clients.

Alliance Aviation’s share price has risen 80 per cent in a year, making it a sector leader, and not far behind is carrier Regional Express (ASX:REX) with a one-year gain of 70 per cent.

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Also, be sure to check in at 10.20am each day for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.

 

Yesterday’s winners

Stocks highlighted in yellow made market moving announcements

Code Company Price % Volume
KIS King Island 0.255 65 45192679
ONE Oneview Healthcare 0.125 54 69606411
CLZ Classic Min Ltd 0.0015 50 20897549
TI1 Tombador Iron 0.11 49 28738662
GLV Global Oil & Gas 0.029 38 211706060
FRX Flexiroam Limited 0.036 29 23091775
TGN Tungsten Min NL 0.22 26 4346890
RFR Rafaella Resources 0.091 25 6234842
SNG Siren Gold 0.63 24 162409
FGL Frugl Group Limited 0.072 29 2185977
CD3 Cd Private Equityiii 1.27 22 758
PXX Polarx Limited 0.047 21 4973071
AQS Aquis Ent Ltd 0.03 20 10000
LSR Lodestar Minerals 0.012 20 667600
EMP Emperor Energy Ltd 0.05 19 11586470
KMT Kopore Metals Ltd 0.019 19 2108454
REE Rarex Limited 0.13 18 9505939
GGE Grand Gulf Energy 0.013 18 9003797
OXX Octanex Ltd 0.026 18 43500
PRM Prominence Energy NL 0.013 18 22226057
CML Chase Mining Limited 0.02 18 11509750

 

Yesterday’s losers

Code Company Price % Volume
IQ3 Iq3Corp Limited 0.15 -50 25000
ANW Aus Tin Mining 0.0015 -25 67458850
BEM Blackearth Minerals 0.092 -20 23600671
AUQ Alara Resources Ltd 0.013 -19 1146533
AZI Alta Zinc Ltd 0.004 -17 3605403
HVM Happy Valley 0.165 -15 202967
TEG Triangle Energy Ltd 0.029 -15 7666773
ARE Argonaut Resources 0.012 -14 11430942
MRD Mount Ridley Mines 0.003 -14 7100277
AIB Aurora Glb Trust 0.099 -14 24500
ENT Enterprise Metals 0.019 -14 299695
OMH OM Holdings Limited 0.71 -14 808178
HNR Hannans Ltd 0.007 -13 1566188
RNX Renegade Exploration 0.007 -13 370000
VAL Valor Resources Ltd 0.007 -13 5045000
WOO Wooboard Tech Ltd 0.0035 -13 33006323
QEM QEM Limited 0.097 -12 28500
EMH European Metals Hldg 1.2 -11 437047
CUL Cullen Resources 0.024 -11 1612866
KEY KEY Petroleum 0.004 -11 133762