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Rise & Shine: What you need to know before the ASX opens
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On Stockhead today, how ASX small caps can use voice activated tech to their advantage, oil and gas expert Peter Strachan is putting aside the Bloomberg terminal and picking up the microphone for a new segment and this expert likes Aussie tech stocks that can compete on the global stage.
But first:
The week ahead in data
Australia’s August jobs data will attract the most attention this week, together with the minutes of the last Reserve Bank Board meeting, Commsec says.
But there’s a number of important global events happening, including the release of China’s monthly activity data and the US Federal Reserve policy meeting.
Commsec says the US Federal Reserve is expected to reduce interest rates by 25 basis points, but – despite Brexit uncertainty — the Bank of England is unlikely to do the same.
Company news
The following companies are in trading halts or suspensions and are expected to exit within the next 48 hours:
Monday:
Warrego Energy (ASX:WGO) – capital raising
Open DNA (ASX:OPN) – acquisition proposal
Agrimin (ASX:AMN) – capital raising
Candy Club (ASX:CLB) – capital raising
Kalina Power (ASX:KPO) – answer to ASX query
Tuesday:
Pacific Energy (ASX:PEA) – proposed control transaction
Markets:
Gold $US1,488.45 ($2,167.90) -0.68%
Silver $US17.43 -3.70%
Oil (Brent) $US60.22 -0.27%
Oil (WTI) $US54.85 -0.44%
Coal $US70.47 +1.23%
Iron Ore 62% Fe $US94.77 +0.67%
AUD/USD: $US0.6880 +0.01%
Bitcoin: $US10,302.19 -0.47%
What got you talking last week:
On Twitter, it was all about nearology:
Magmatic Resources $MAG,
Emmerson Resources $ERM,
Alice Queen $AQX, and
Ardea Resources $ARLHave we missed any?
https://t.co/44EkIthpEN— Stockhead (@StockheadAU) September 10, 2019
While our Small and Micro cap chat group members discussed advanced explorer Australian Vanadium (ASX:AVL), which enjoyed a +27 per cent bump the previous week on some solid news flow.
Join here for a daily recap of our best stories and plenty of small-cap discussion.
These were the five most-tipped stocks (weekly) on Stocks in Play:
Last week’s winners
| Code | Name | Price Friday [intraday] | Total Weekly Return % | Market Cap |
|---|---|---|---|---|
| EVS | ENVIROSUITE | 0.280 | 115 | $ 110,656,776.00 |
| MAG | MAGMATIC RESOURCES | 0.038 | 111 | $ 4,455,217.50 |
| OEX | OILEX | 0.004 | 100 | $ 11,512,258.00 |
| EPM | ECLIPSE METALS | 0.002 | 100 | $ 2,297,348.25 |
| CAD | CAENEUS MINERALS | 0.002 | 100 | $ 4,282,520.50 |
| VAR | VARISCAN MINES | 0.002 | 100 | $ 3,117,147.25 |
| BPH | BPH ENERGY | 0.002 | 100 | $ 5,980,555.50 |
| VYS | VYSARN | 0.064 | 83 | $ 19,050,128.00 |
| LMG | LATROBE MAGNESIUM | 0.016 | 78 | $ 20,744,050.00 |
| WEL | WINCHESTER ENERGY | 0.079 | 68 | $ 42,521,424.00 |
| ALK | ALKANE RESOURCES | 0.635 | 65 | $ 321,371,104.00 |
| CCA | CHANGE FINANCIAL | 0.130 | 62 | $ 12,849,672.00 |
| RNX | RENEGADE EXPLORATION | 0.003 | 50 | $ 2,137,880.00 |
| ROG | RED SKY ENERGY | 0.003 | 50 | $ 3,759,549.75 |
| GGX | GAS2GRID | 0.003 | 50 | $ 3,771,773.50 |
| LKO | LAKES OIL | 0.002 | 50 | $ 50,048,924.00 |
| VMG | VDM GROUP | 0.003 | 50 | $ 20,782,982.00 |
| PNN | PEPINNINI LITHIUM | 0.003 | 50 | $ 3,714,035.25 |
| MEL | METGASCO | 0.050 | 43 | $ 19,530,072.00 |
| FPL | FREMONT PETROLEUM | 0.010 | 43 | $ 16,683,354.00 |
| ADV | ARDIDEN | 0.005 | 43 | $ 8,452,601.00 |
| BLG | BLUGLASS | 0.150 | 36 | $ 62,764,060.00 |
| LNG | LIQUEFIED NATURAL GAS | 0.245 | 36 | $ 141,116,928.00 |
| IPD | IMPEDIMED | 0.195 | 34 | $ 98,915,104.00 |
| CCZ | CASTILLO COPPER | 0.024 | 33 | $ 15,398,267.00 |
| UTR | ULTRACHARGE | 0.002 | 33 | $ 2,246,761.25 |
| AUH | AUSTCHINA HOLDINGS | 0.004 | 33 | $ 5,569,963.00 |
Last week’s losers
| Code | Name | Price Friday [intraday] | Total Weekly Return % | Market Cap |
|---|---|---|---|---|
| MPR | MPOWER GROUP | 0.020 | -20 | $ 3,176,928.25 |
| WKT | WALKABOUT RESOURCES | 0.185 | -21 | $ 58,628,136.00 |
| RFR | RAFAELLA RESOURCES | 0.125 | -22 | $ 8,214,844.00 |
| SYR | SYRAH RESOURCES | 0.550 | -22 | $ 227,355,920.00 |
| CL8 | COLLABORATE CORP | 0.007 | -22 | $ 6,913,125.50 |
| MCM | MC MINING | 0.505 | -23 | $ 71,144,192.00 |
| LCT | LIVING CELL TECHNOLOGIES | 0.019 | -24 | $ 10,857,379.00 |
| CTE | CRYOSITE | 0.043 | -25 | $ 2,014,961.25 |
| RXH | REWARDLE HOLDINGS | 0.003 | -25 | $ 1,578,964.50 |
| AKM | ASPIRE MINING | 0.012 | -25 | $ 39,918,492.00 |
| IVO | INVIGOR GROUP | 0.003 | -25 | $ 8,572,313.00 |
| AYR | ALLOY RESOURCES | 0.003 | -25 | $ 5,079,833.00 |
| DDD | 3D RESOURCES | 0.002 | -25 | $ 1,735,831.63 |
| SVA | SIMAVITA | 0.009 | -25 | $ 3,760,003.25 |
| ARM | AURORA MINERALS | 0.011 | -27 | $ 2,576,932.25 |
| SVL | SILVER MINES | 0.105 | -28 | $ 80,523,528.00 |
| MMR | MEC RESOURCES | 0.005 | -29 | $ 3,196,295.00 |
| IS3 | I SYNERGY GROUP | 0.170 | -29 | $ 31,155,574.00 |
| GTR | GTI RESOURCES | 0.013 | -30 | $ 4,832,882.50 |
| GLV | GLOBAL VANADIUM | 0.002 | -33 | $ 6,258,960.00 |
| XPE | XPED | 0.001 | -33 | $ 1,506,830.75 |
| 8VI | 8VIC HOLDINGS | 0.200 | -33 | $ 8,109,124.50 |
| PGY | PILOT ENERGY | 0.048 | -36 | $ 3,814,590.75 |
| CYQ | CYCLIQ GROUP | 0.001 | -50 | $ 1,712,952.38 |
| BNL | BIG STAR ENERGY | 0.007 | -61 | $ 3,287,187.75 |
| VRI | VERILUMA | 0.049 | -67 | $ 12,509,734.00 |
