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But first, here’s what you need to know right now:
The day ahead in data
The Australian Bureau of Statistics is at it again today, releasing figures on imports and exports in and out of the country, as well as the latest retail sales figures.
The latter of those will be interesting as there are a number of ASX small caps in the retail sector fighting to get into the midcap bracket.
Just one company is due out of a trading halt today — junior miner Emu (ASX:EMU), which has received assay results that it will release to market.
Gold: $US1286.77 ($1831.52) -0.13%
Silver: $US15.04 -0.35%
Oil (Brent): $US65.93 +0.21%
Oil (WTI): $US56.30 -0.51%
Coal: $US95.30 -1.09%
Iron ore 62% fe: $US86.51 1.28%
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What got you talking yesterday
Infant formula was of great interest on the Stockhead Facebook chat forum, with news that Bubs Australia (ASX:BUB) had signed a deal with Chinese tinner Beingmate for the latter to sell the former’s formula in mother and baby stores in China. 30,000 stores in China.
Most members thought the news was exciting but member Alan Daw raised a great point: “Let’s hope they do better than Fonterra did with their previous partnership,” referring to Kiwi dairy giant Fonterra winding down its relationship with Beingmate late last year.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday:
— HotCopper (@HotCopper) March 6, 2019
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It was no surprise that Bubs was one of the big winners yesterday. Its shares closed up 24 per cent at 7.5c.
Explorer Ardiden (ASX:ADV) was another big winner, closing up 33 per cent to 0.4c, after it boosted the size of its Seymour Lake lithium project resource by 400 per cent.
The Canadian-focused explorer and developer was up over 50 per cent to 0.4c in morning trade, paring some of the losses suffered over the past year.
It’s a pretty stunning project area by the way. Check this out:
Cash-strapped explorer Horseshoe Metals (ASX:HOR) closed down 11 per cent at 0.8c after announcing the potential sale of its flagship copper gold project.
But as usual, most of the biggest falls were penny stocks dropping tenths of a cent.
That’s all you need to know. Go go go!