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Rise & Shine: What you need to know before the ASX opens
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On Stockhead today, the oil price ‘Armageddon’ that could hit in January, April’s top 50 miners and explorers, and what resources stocks would MineLife’s founder bet on right now?
Here’s what you need to know about the day ahead.
The day ahead in data
There’s no big data bombs dropping today, but yesterday it was the Reserve Bank of Australia dominating investor attention by … leaving the cash rate on hold at 1.5%, where it’s been since August 2016.
Commsec says the market had actually priced in a 44% chance of a cut, but it wasn’t to be. The Aussie dollar jumped to 70.40 US cents following the announcement.
Company news
The following 10 companies are due out of a trading halt in the next 48 hours:
WEDNESDAY:
- Impression Healthcare (ASX: IHL) – clarifying securities issue
- Terracom (ASX: TER) – refinancing
- Jaxsta (ASX: JXT) – capital raising
- Xplore Wealth (ASX: XPL) – updated earnings guidance
- Lepidico (ASX: LPD) – capital raising
- Anteo Diagnostics (ASX: ADO) – capital raising
THURSDAY:
- Kopore Metals (ASX: KMT) – capital raising
- Adslot (ASX: ADJ) – capital raising
- Tempus Resources (ASX: TMR) – acquisition
- DigitalX (ASX: DCC) – legal settlement
Commodities
Gold: $US1284.73 ($1,832.35) +0.34%
Silver: $US14.91 +0.05%
Oil (Brent): $US69.74 -2.29%
Oil (WTI):$US61.19 -1.54%
Coal:$US88.00 -1.07%
Iron ore 62pc fe:$US93.51 -0.32%
AUD/USD:$US0.7011
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On Tuesday 2.55 billion shares were traded worth $5.8billion — 540 stocks closed higher, 576 finished weaker, while 401 ended unchanged.
Yesterday’s winners
Up on no news were power equipment manufacturer Volt Power (ASX:VPR), pharma sales org FarmaForce (ASX:FFC), and gold explorer Cervantes (ASX:CVS).
Actually, most of these small cap runners were up on no news, which makes for pretty dull reading. Sorry folks.
| Ticker | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| VPR | Volt Power | 0.0015 | 50% | $12,400,000 | 62.1k |
| FFC | FarmaForce | 0.12 | 44% | $14,700,000 | 23.0k |
| CVS | Cervantes | 0.004 | 33% | $2,000,000 | 1.2M |
| SP3 | Spectur | 0.16 | 33% | $9,000,000 | 1.5M |
| SES | SECOS | 0.05 | 30% | $15,800,000 | 583.0k |
| WZR | Wisr | 0.13 | 29% | $85,300,000 | 27.9M |
| WHK | WhiteHawk | 0.14 | 29% | $17,100,000 | 17.9M |
| RMI | Resource Mining | 0.009 | 29% | $2,700,000 | 10.1k |
| KWR | Kingwest Resources | 0.15 | 25% | $7,600,000 | 50.0k |
| COY | Coppermoly | 0.01 | 25% | $17,200,000 | 727.8k |
| NEW | Norwest Energy | 0.0025 | 25% | $481,100,000 | 311.3k |
| PCL | Pancontinental Oil&Gas | 0.0025 | 25% | $13,500,000 | 2.1M |
| TV2 | TV2U International | 0.005 | 25% | $11,400,000 | 25.0k |
| TYX | Tyranna Resources | 0.005 | 25% | $4,700,000 | 575.1k |
| UTR | Ultracharge | 0.005 | 25% | $4,700,000 | 100.0k |
| NCR | NuCoal Resources | 0.03 | 24% | $23,800,000 | 6.9M |
| GMD | Genesis Minerals | 0.03 | 24% | $28,300,000 | 3.7M |
| AEE | Aura Energy | 0.011 | 22% | $13,300,000 | 5.7M |
| IVX | Invion | 0.02 | 22% | $121,100,000 | 2.8M |
| OAR | Oakdale Resources | 0.02 | 22% | $4,600,000 | 427.9k |
| VRS | Veris | 0.07 | 21% | $25,400,000 | 404.5k |
Yesterday’s losers
But the losers column – that’s far more interesting.
Yesterday, Biotech company Actinogen Medical (ASX: ACW) announced results from the Phase II clinical trial of its Alzheimer’s treatment.
It’s been a long time coming for markets, after the company raised millions of dollars based on the promise of its Xanamem drug.
Actinogen confirmed that a 10mg dose of its Xanamem treatment is safe. However, it’s not effective. The market’s verdict? ACW crashed by almost 70 per cent to a new low of 1.65 cents.
IT Services provider Empired (ASX:EPD) says a lucrative five-year, $48m contract with Main Roads WA won’t be renewed.
The result was a $2m drop in underlying EBIDTA for FY19, a $10m revenue hit in FY20, and an immediate 19 per cent drop in its share price.
| Ticker | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| ACW | Actinogen Medical | 0.015 | -69% | $16,800,000 | 322.7M |
| HCO | Hylea Metals | 0.01 | -64% | $1,000,000 | 255.4k |
| ICU | iSentric | 0.006 | -50% | $1,100,000 | 27.4k |
| CAD | Caeneus Minerals | 0.001 | -33% | $1,900,000 | 4.0M |
| CZR | Coziron Resources | 0.01 | -29% | $17,900,000 | 200.0k |
| LMW | LandMark White | 0.28 | -26% | $23,800,000 | 870.9k |
| TMX | Terrain Minerals | 0.003 | -25% | $1,900,000 | 200.0k |
| KLH | Kalia | 0.015 | -25% | $3,800,000 | 7.4M |
| NHL | Novita Healthcare | 0.02 | -24% | $7,200,000 | 2.6M |
| SYT | Syntonic | 0.004 | -20% | $12,900,000 | 23.6M |
| ALT | Analytica | 0.004 | -20% | $13,300,000 | 3.0M |
| EPD | Empired | 0.31 | -19% | $50,400,000 | 10.1M |
| PBX | Pacific Bauxite | 0.009 | -18% | $3,600,000 | 500.8k |
| TBH | Betmakers | 0.04 | -18% | $11,500,000 | 751.4k |
| RNX | Renegade Exploration | 0.0025 | -17% | $1,800,000 | 373.8k |
| RFN | Reffind | 0.005 | -17% | $2,600,000 | 1.0k |
| NGY | NuEnergy Gas | 0.01 | -17% | $14,800,000 | 1.0M |
| MMR | MEC Resources | 0.005 | -17% | $1,700,000 | 60.0k |
| EPM | Eclipse Uranium | 0.0025 | -17% | $2,900,000 | 250.0k |
| CXZ | Connexion Telematics | 0.01 | -17% | $8,500,000 | 2.5M |
| AUT | Auteco Minerals | 0.005 | -17% | $5,000,000 | 1.0M |
| BIR | BIR Financial | 0.1 | -17% | $8,000,000 | 20.1k |
