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
 

Want this headstart in your inbox every morning at 8am? Go on. Subscribe here. It’s free

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.

TickerNamePrice% ChgMarket CapVolume
VPRVolt Power0.001550%$12,400,00062.1k
FFCFarmaForce 0.1244%$14,700,00023.0k
CVSCervantes0.00433%$2,000,0001.2M
SP3Spectur 0.1633%$9,000,0001.5M
SESSECOS0.0530%$15,800,000583.0k
WZRWisr 0.1329%$85,300,00027.9M
WHKWhiteHawk 0.1429%$17,100,00017.9M
RMIResource Mining0.00929%$2,700,00010.1k
KWRKingwest Resources 0.1525%$7,600,00050.0k
COYCoppermoly 0.0125%$17,200,000727.8k
NEWNorwest Energy0.002525%$481,100,000311.3k
PCLPancontinental Oil&Gas0.002525%$13,500,0002.1M
TV2TV2U International 0.00525%$11,400,00025.0k
TYXTyranna Resources 0.00525%$4,700,000575.1k
UTRUltracharge 0.00525%$4,700,000100.0k
NCRNuCoal Resources 0.0324%$23,800,0006.9M
GMDGenesis Minerals 0.0324%$28,300,0003.7M
AEEAura Energy 0.01122%$13,300,0005.7M
IVXInvion 0.0222%$121,100,0002.8M
OAROakdale Resources 0.0222%$4,600,000427.9k
VRSVeris 0.0721%$25,400,000404.5k

 

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.

TickerNamePrice% ChgMarket CapVolume
ACWActinogen Medical 0.015-69%$16,800,000322.7M
HCOHylea Metals 0.01-64%$1,000,000255.4k
ICUiSentric 0.006-50%$1,100,00027.4k
CADCaeneus Minerals 0.001-33%$1,900,0004.0M
CZRCoziron Resources 0.01-29%$17,900,000200.0k
LMWLandMark White 0.28-26%$23,800,000870.9k
TMXTerrain Minerals 0.003-25%$1,900,000200.0k
KLHKalia 0.015-25%$3,800,0007.4M
NHLNovita Healthcare 0.02-24%$7,200,0002.6M
SYTSyntonic 0.004-20%$12,900,00023.6M
ALTAnalytica 0.004-20%$13,300,0003.0M
EPDEmpired 0.31-19%$50,400,00010.1M
PBXPacific Bauxite 0.009-18%$3,600,000500.8k
TBHBetmakers0.04-18%$11,500,000751.4k
RNXRenegade Exploration 0.0025-17%$1,800,000373.8k
RFNReffind 0.005-17%$2,600,0001.0k
NGYNuEnergy Gas 0.01-17%$14,800,0001.0M
MMRMEC Resources 0.005-17%$1,700,00060.0k
EPMEclipse Uranium 0.0025-17%$2,900,000250.0k
CXZConnexion Telematics 0.01-17%$8,500,0002.5M
AUTAuteco Minerals 0.005-17%$5,000,0001.0M
BIRBIR Financial 0.1-17%$8,000,00020.1k