Uncategorized
Closing Bell: What a lovely, lovely day. More mindless optimism, please
On the ASX today, this has to be a good sign: Either that or I’m subconsciously optimising my settings. Where’s … Read More
The post Closing Bell:…
On the ASX today, this has to be a good sign:
Either that or I’m subconsciously optimising my settings. Where’s the one with the coloured boxes in it… here:
Congratulations to Energy (3.68% on the back of a 2-2.6% lift in oil overnight) and Utilities (3.52%). Virgin Money (+10%) and Domino’s (7.60%) led stocks for the day.
Virgin Money UK (ASX:VUK) and Janus Henderson (ASX:JHG) both rallied for Team Pom after British PM Liz Truss agreed to take a major U-turn on her signature corporation tax cut announced just a couple of weeks ago.
Great. Any excuse to roll this out again:
Truss: “Your Majesty… Lovely to see you again.”
King: “Back again. Dear oh dear. Anyway…”
This is one of the greatest things I’ve ever seen. pic.twitter.com/ENP8pPl9kO
— Brendan May (@bmay) October 12, 2022
Eddy Sunarto notes Truss’ Chancellor Dr Kwasi Kwarteng is on the next plane home from the IMF meeting in Washington D.C. as we speak.
Only Newcrest Mining (ASX:NCM) lost out in the top 20 today, shedding 1.20%. Even Block (ASX:SQ2) broke even.
Not a lot changed since the early rise though, and the S&P/ASX200 closed up nicely for a Friday, gaining 1.75% to 6,758.80 and crossing above its 20-day moving average.
Still down 9.21% for the last year to date though.
China’s inflation figure dropped today as well, and came in at 2.8% in September, the highest since April 2020. Still way below that of the US.
The Chinese producer price index (PPI), which reflects the prices that factories charge wholesalers for products, also rose by 0.9 per% in September year on year.
But if that all puts you in a spending kind of mood, and you’re in Melbourne next week, the 11th Annual Australian Microcap Investment Conference on the 18th and 19th of October might float your boat a bit. It’s an exciting opportunity to hear firsthand from the CEOs of Australia’s leading microcap companies.
AND Stockhead readers have an exclusive discount offer ($300 off the ticket actually) using the code: STOCKHEAD2022
$300!
But first, there’s another whole day of trading elsewhere besides Australia to come yet. And given what happened last night, we wouldn’t miss it for the world.
Let’s see if the US can make any sense. Results season starts properly tonight with some big names kicking off the action. How’s Citigroup, Morgan Stanley, Wells Fargo and JPMorgan for starters?
Datawise Stateside, US retail prices and Euro trade balance data are scheduled, while Fed’s Cook will speak.
ASX SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for October 13 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.0015 | 50% | 761,517 | $23,693,441.13 |
| ARE | Argonaut Resources | 0.0015 | 50% | 300,000 | $5,428,537.94 |
| MEB | Medibio Limited | 0.0015 | 50% | 2,362,500 | $3,320,593.79 |
| CFO | Cfoam Limited | 0.004 | 33% | 203,683 | $2,201,521.90 |
| WFL | Wellfully Limited | 0.03 | 30% | 324,874 | $6,410,036.29 |
| TOY | Toys R Us | 0.031 | 29% | 9,838,600 | $20,684,668.42 |
| TSC | Twenty Seven Co. Ltd | 0.0025 | 25% | 1,589,244 | $10,643,255.62 |
| CTT | Cettire | 1.3 | 24% | 3,948,409 | $400,300,131.00 |
| HT8 | Harris Technology Gl | 0.018 | 20% | 2,131,883 | $4,474,432.22 |
| DMG | Dragon Mountain Gold | 0.012 | 20% | 17,582 | $3,936,716.65 |
| MRD | Mount Ridley Mines | 0.006 | 20% | 12,454,326 | $29,757,863.15 |
| SI6 | SI6 Metals Limited | 0.006 | 20% | 26,800 | $7,440,945.40 |
| BPH | BPH Energy Ltd | 0.026 | 18% | 12,429,580 | $17,441,583.63 |
| 1CG | One Click Group Ltd | 0.014 | 17% | 942,327 | $7,114,295.84 |
| FOD | The Food Revolution | 0.028 | 17% | 5,436,537 | $22,722,280.13 |
| AGD | Austral Gold | 0.043 | 16% | 67,984 | $22,655,520.06 |
| E25 | Element 25 Ltd | 1.04 | 16% | 719,580 | $137,439,332.10 |
| E33 | East 33 Limited. | 0.038 | 15% | 31,550 | $17,074,142.84 |
| OMX | Orangeminerals | 0.084 | 15% | 507,619 | $3,512,325.43 |
| MGU | Magnum Mining & Exp | 0.04 | 14% | 1,840,173 | $18,654,680.31 |
| STK | Strickland Metals | 0.04 | 14% | 901,627 | $48,386,403.38 |
| HXL | Hexima | 0.024 | 14% | 200,144 | $3,354,513.77 |
| GED | Golden Deeps | 0.017 | 13% | 7,173,606 | $17,328,400.71 |
| FTZ | Fertoz Ltd | 0.175 | 13% | 113,072 | $39,680,230.64 |
ASX SMALL CAP LOSERS
Here are the most-worst performing ASX small cap stocks for October 13 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| PRM | Prominence Energy | 0.0015 | -25% | 272,094 | $4,849,218 |
| CT1 | Constellation Tech | 0.004 | -20% | 200,200 | $7,356,002 |
| KFE | Kogi Iron Ltd | 0.004 | -20% | 2,817,595 | $8,160,389 |
| MGG | Mogul Games Grp Ltd | 0.002 | -20% | 12,644,486 | $8,158,603 |
| SYN | Synergia Energy Ltd | 0.002 | -20% | 1,244 | $21,044,477 |
| ENV | Enova Mining Limited | 0.014 | -18% | 551,913 | $6,242,656 |
| PRS | Prospech Limited | 0.028 | -18% | 938,158 | $2,216,154 |
| GLV | Global Oil & Gas | 0.0025 | -17% | 622,553 | $5,620,064 |
| PFE | Pantera Minerals | 0.105 | -16% | 20,181 | $6,437,640 |
| MKG | Mako Gold | 0.042 | -16% | 7,204,926 | $19,112,080 |
| HIQ | Hitiq Limited | 0.049 | -16% | 97,776 | $6,563,059 |
| NNL | Nordic Nickel | 0.24 | -15% | 741,715 | $16,499,884 |
| RAN | Range International | 0.006 | -14% | 707,352 | $6,575,032 |
| MCM | Mc Mining Ltd | 0.2575 | -14% | 7,802 | $59,296,461 |
| ZMM | Zimi Ltd | 0.063 | -14% | 271,508 | $5,773,904 |
| IVZ | Invictus Energy Ltd | 0.16 | -14% | 11,978,223 | $162,104,604 |
| BEL | Bentley Capital Ltd | 0.06 | -13% | 100,000 | $5,252,826 |
| AUH | Austchina Holdings | 0.007 | -13% | 875,000 | $16,294,662 |
| NZS | New Zealand Coastal | 0.0035 | -13% | 1,140,000 | $4,508,020 |
| CR1 | Constellation Resources | 0.14 | -13% | 2,110 | $7,984,868 |
| LKY | Locksley Resources | 0.07 | -13% | 191,208 | $2,755,780 |
| UBI | Universal Biosensors | 0.255 | -12% | 27,034 | $61,434,886 |
| KAL | Kalgoorlie Gold Mining | 0.11 | -12% | 201,389 | $9,054,325 |
| LRV | Larvotto Resources | 0.22 | -12% | 1,091,002 | $10,383,125 |
Trading Halts
Looks like Friday is the day for going into trading halts “pending release of an announcement”.
Insurance Australia Group Limited (ASX: IAG): is being put into a trading halt pending release of an announcement.
Minbos Resources Limited (ASX:MNB): will be placed in a trading halt again pending releasing an announcement.
And finally, Findi Limited (ASX:FND): will be placed in a trading halt… pending releasing an announcement.
That’s quite enough. Have a great weekend.
The post Closing Bell: What a lovely, lovely day. More mindless optimism, please appeared first on Stockhead.
All eyes on “huge” lithium prize for QX Resources as drilling starts up at Liberty Lithium
Drilling is under way at QX Resources’ 102km2 Liberty Lithium project in California, targeting a high-value, extensive surface brine anomaly … Read…
Gold’s stage is set: Will ASX juniors eat the TSXv’s lunch in gold too?
When gold is worth around A$97 per gram, there is a lot of money to be made finding and producing … Read More
The post PETER STRACHAN: Gold’s stage…
Barrick Gold Buys 12.3% Stake in Hercules Silver for $23.4 million
Hercules Silver (TSXV: BIG) has done what many junior mining names only dream of. The company has secured a major
The post Hercules Silver Sees Barrick…
-
News Releases2 months agoColibri Provides Company Update
-
Financing News2 months ago
Goldgroup Announces Exercise of Cerro Prieto Purchase Option
-
Precious Metals2 months agoEquinox Gold to Announce Third Quarter Financial and Operating Results on October 31, 2023
-
Companies2 months agoPasofino Gold Provides Results for Trenches on Strike from Tuzon Deposit at Dugbe Gold Project
-
Precious Metals2 months agoDelta Intersects 2.25 g/t Au over 27.8 metres and Multiple New High-Grade Gold Zones at Depth, at Delta-1 in Thunder Bay, Ontario
-
Precious Metals2 months agoThesis Gold Drills 4.05 m of 119.49 g/t Gold at the Bonanza Zone
-
Energy & Critical Metals2 months agoHertz Lithium Inc. Announces Acquisition of Canuck Lithium Corp.
-
Uncategorized2 months agoAvante Mining Cuts 9 Metres at 1.12% Nickel and Intersects the Highest-Grade Nickel to Date at the Voisey’s West Project
