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