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Rise and Shine: What you need to know before the ASX opens

Stockhead logo Stockhead 13/09/2021 Josh Chiat
a bird sitting on top of a chicken: ASX open delecta © Stockhead Australia ASX open delecta

On Stockhead today, FYI’s Roly Hill on HPA and the Alcoa deal, why Smart Beta returns big bucks, and $US42m worth of fluffy bunnies.

But first … the day ahead.

Heavy Minerals (ASX:HVY), which has a heavy mineral sands project in Mozambique and a garnet asset near Geraldton in Australia, will list at 11.30am AEST today. The explorer counts Westgold Resources (ASX:WGX) chairman Peter Cook among its top 20 shareholders and is chaired by Nelson Resources (ASX:NES) CEO Adam Schofield.

 

TRADING HALTS

The following companies are in trading halts and are expected out in the next two trading days:

Tuesday

Metal Hawk (ASX:HWK) – exploration results Anson Resources (ASX:ASN) – capital raising Global Data Centre Group (ASX:GDC) – capital raising Dreadnought Resources (ASX:DRE) – capital raising

Wednesday

Conico (ASX:CNJ) – capital raising

Resolution Minerals (ASX:RML) – capital raising

Golden Rim Resources (ASX:GMR) – capital raising

Cullen Resources (ASX:CUL) – exploration update

GBM Resources (ASX:GBZ) – capital raising

Corazon Mining (ASX:CZN) – capital raising

HomeCo Daily Needs REIT (ASX:HDN) – capital raising

 

MARKETS

Gold: $USX,XXX.XX ($X,XXX.XX) (-X.XX%)

Silver: $USXX.XX ($XX.XX) (-X.XX%)

Oil (WTI): $USXX.XX (+X.XX%)

Oil (Brent): $USXX.XX (+X.XX%)

Coal: $USXXX.XX (+X.XX%)

Iron 62pc Fe: $USXXX.XX (-X.XX%)

AUD/USD: $US0.XXXX (-X.XX%)

Bitcoin: $USXX,XXX.XX (-X.XX%)

 

WHAT GOT YOU TALKING YESTERDAY?

Uranium is all the rage and yellowcake aficionados are going crazy for ASX uranium stocks.

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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

MONDAY’S BIGGEST WINNERS

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
OAK Oakridge 0.002 100 4346519
VIC Victory Mines Ltd 0.002 100 15095125
ANL Amani Gold Ltd 0.003 50 354321651
92E 92Energy 0.755 47 13359526
VMY Vimy Resources Ltd 0.235 38 25969322
HCD Hydrocarbon Dynamic 0.019 36 13713492
ACB A-Cap Energy Ltd 0.094 34 5610602
OEX Oilex Ltd 0.004 33 2163094
TSC Twenty Seven Co. Ltd 0.004 33 105666349
XTC Xantippe Res Ltd 0.002 33 4055091
PEN Peninsula Energy Ltd 0.29 32 24361657
EME Energy Metals Ltd 0.42 31 965855
DLC Delecta Limited 0.013 30 174688264
HNR Hannans Ltd 0.013 30 42849416
NAE New Age Exploration 0.013 30 29371828
ADD Adavale Resource Ltd 0.07 30 13308387
DYL Deep Yellow Limited 1.23 29 9267486
ERA Energy Resources 0.42 27 5965459
AGE Alligator Energy 0.076 27 129009141
THR Thor Mining PLC 0.019 27 48574138
RD1 Registry Direct 0.029 26 1086316
BMN Bannerman Energy Ltd 0.32 25 16355414
MRD Mount Ridley Mines 0.005 25 20942344

Delecta (ASX:DLC) was one of the biggest uranium winners and it actually had news.

The company told shareholders it was resuming exploration at its Rex uranium project in Colorado, with spot prices forecast to rise short term to US$48/lb by 2024 and US$60/lb by 2028 (although at the current price trajectory that would be conservative).

“Due to renewed optimism surrounding future uranium pricing, the Company recently decided to ramp up exploration at its majority owned REX uranium-vanadium project,” managing director Malcolm Day said. “The project’s history of uranium mining, its proximity to operating infrastructure and the prevailing supportive government regime, bodes well for the development of the project.

“We look forward to continuing exploration at the REX project and evaluating other potential uranium-vanadium projects in the area.”

Outside of uranium, oil and gas supplier Hydrocarbon Dynamics (ASX:HCD) was up almost 36% on positive news from a paid trial of its multi-flow product with a ‘large Australian oil and gas producer’ in the Cooper Basin.

The paid trial consists of three separate treatments to remediate and inhibit the debilitating effects of paraffin deposition in oil tanks, wells, and flowlines using HCD Multi-Flow.

According to the company, results to August 26 indicated that since the introduction of HCD Multi-Flow the operator reported “exceptional improvements in well performance, cleaner flow lines and no additional build-up of sludge in the tanks.”

 

MONDAY’S BIGGEST LOSERS

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
CCE Carnegie Cln Energy 0.002 -33 1833899
KEY KEY Petroleum 0.003 -25 3000010
MSI Multistack Internat. 0.042 -22 946443
BXN Bioxyne Ltd 0.028 -20 859372
LNY Laneway Res Ltd 0.004 -20 3438000
A3D Aurora Labs Limited 0.13 -19 1138755
Z2U Zoom2Utechnologies 0.35 -19 7009886
VPR Volt Power Group 0.0025 -17 1280669
CLE Cyclone Metals 0.006 -14 533825
RNX Renegade Exploration 0.006 -14 1645691
VOR Vortiv Ltd 0.043 -14 2193288
FRX Flexiroam Limited 0.034 -13 971900
A8G Australasian Gold 0.24 -13 440194
AEV Avenira Limited 0.007 -13 1000000
KNM Kneomedia Limited 0.014 -13 1063977
HVM Happy Valley 0.092 -12 460615
RDG Res Dev Group Ltd 0.043 -12 2060043
SRK Strike Resources 0.145 -12 2640714
FNX Finexia Financialgrp 0.071 -11 49937
TEM Tempest Minerals 0.024 -11 8144369
EVS Envirosuite Ltd 0.16 -11 4614993
CZR CZR Resources Ltd 0.008 -11 4028964
EVE EVE Investments Ltd 0.004 -11 5000000

The post Rise and Shine: What you need to know before the ASX opens appeared first on Stockhead.

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