{"id":11509,"date":"2021-02-17T20:16:25","date_gmt":"2021-02-17T20:16:25","guid":{"rendered":"https:\/\/economicherald.net\/?p=11509"},"modified":"2021-02-17T20:16:25","modified_gmt":"2021-02-17T20:16:25","slug":"rise-and-shine-what-you-need-to-know-before-the-asx-opens-9","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=11509","title":{"rendered":"Rise and Shine: What you need to know before the ASX opens"},"content":{"rendered":"

On\u00a0Stockhead\u00a0today, blistering barnacles \u2013 the LME is running out of tin!<\/a> Also, why orphan drugs are such a big deal<\/a>, and the ASX telco stocks that could be \u2018targets for consolidation\u2019<\/a>.<\/p>\n

But first\u2026<\/p>\n

\u00a0<\/p>\n

The day ahead<\/h2>\n

The All Ordinaries index of small to mid-cap ASX shares surrendered some of its gains Wednesday to close at 7,158 points, down 0.4 per cent on the day.<\/p>\n

Mid-week saw several important ASX companies report earnings results including supermarket group Coles and iron ore miner Rio Tinto.<\/p>\n

America\u2019s main stock indexes continue to trade at near record levels with the blue chip Dow Jones index at 31,522 points at its Tuesday close.<\/p>\n

US oil prices ticked over the $US60 per barrel mark for the West Texas crude benchmark.<\/p>\n

Lead cryptocurrency Bitcoin had another good day, rising to $64,000 in Australian currency, ($US50,000) and is double its price at Christmas.<\/p>\n

Coming up on Friday, the US Congress gets to vote on the latest government stimulus package worth $US1.9 trillion for the US economy.<\/p>\n

US 10-year bond yield prices have woken up recently and were trading at 1.3 per cent, a level last seen just before the global economy fell into its March precipice.<\/p>\n

TRADING HALTS<\/h2>\n

The following companies are in trading halts and are expected to exit over the next two trading days:<\/p>\n

Thursday<\/strong><\/p>\n

Venturex (ASX:VXR)<\/strong><\/a>\u00a0\u2013 funding proposal
\nFe (ASX:FEL)<\/strong><\/a>\u00a0\u2013 capital raising
\nDeep Yellow (ASX:DYL)<\/strong><\/a>\u00a0\u2013 capital raising
\nHelix (ASX:HLX)<\/strong><\/a>\u00a0\u2013 capital raising
\nMinbos (ASX:MNB)\u00a0<\/strong><\/a>\u2013 capital raising
\nInfinity Lithium (ASX:INF)\u00a0<\/strong><\/a>\u2013 capital raising
\nCann Group (ASX:CAN)<\/strong>\u00a0<\/a>\u2013 s.708A resolution
\nIOUpay (ASX:IOU)\u00a0<\/strong><\/a>\u2013 capital raising<\/p>\n

\u00a0<\/p>\n

Friday:<\/strong><\/p>\n

Odin Metals (ASX:ODM)<\/strong><\/a> \u2013 acquisition
\nVolt Resources (ASX:VRC)<\/strong><\/a> \u2013 capital raising
\nMontem Resources (ASX:MR1)<\/strong><\/a> \u2013 capital raising
\nResolution Minerals (ASX:RML)<\/strong><\/a> \u2013 capital raising
\nFitzroy River Corporation (ASX:FZR)<\/strong><\/a> \u2013 capital raising
\nAusQuest (ASX:AQD)<\/strong><\/a> \u2013 capital raising
\nPursuit Minerals (ASX:PUR)<\/strong><\/a> \u2013 survey results
\nHappy Valley Nutrition (ASX:HVM)<\/strong><\/a> \u2013 proposed debt transaction
\nLiveTiles (ASX:LVT)<\/strong><\/a> \u2013\u00a0 announcement clarification<\/p>\n

\u00a0<\/p>\n

MARKETS<\/h2>\n

Gold:<\/strong> $US1,773.63 ($2,288.10) (-1.15%)<\/p>\n

Silver:<\/strong> $US27.43 ($35.39) (+0.44%)<\/p>\n

Oil (WTI):<\/strong> $US61.20 (+1.92%)<\/p>\n

Oil (Brent):<\/strong> $US64.44 (+1.74%)<\/p>\n

Coal:<\/strong> $US76.25 (-3.09%)<\/p>\n

Iron 62pc Fe:<\/strong> $US161.99 (+0.61%)<\/p>\n

AUD\/USD:<\/strong> $US0.7751 (-0.04%)<\/p>\n

Bitcoin:<\/strong> $US52,396.32 (+8.29%)<\/p>\n

\u00a0<\/p>\n

What got you talking yesterday<\/h2>\n

Stockhead<\/em> readers zeroed in on software company LiveTiles\u2019 (ASX:LVT)<\/a> latest deal with a US healthcare company that could add several millions to its top line.<\/p>\n

<\/a><\/p>\n

And, readers were also intrigued about the sudden rise of former flatpack furniture company turned hydrogen, potash and mineral sands explorer whose share price has exploded.<\/p>\n

<\/a><\/p>\n

The company was none other than Province Resources (ASX:PRL)<\/a> which jumped 450 per cent Wednesday and to a market value of $96m on the ASX.<\/p>\n

\u00a0<\/p>\n

To keep up to date with\u00a0Stockhead\u00a0coverage, follow our\u00a0Twitter page<\/a>\u00a0or sign up to our members-only Facebook group\u00a0here.<\/a><\/p>\n

Also, be sure to check in at 10.20am each day for our daily 10 at 10 column \u2014 a live summary of winners & losers at the opening bell.<\/p>\n

\u00a0<\/p>\n

Yesterday\u2019s winners<\/h2>\n
Stocks highlighted in yellow made market moving announcements<\/h5>\n
<\/div>\n
\n
<\/div>\n

Code Company Price % Volume PRL Province Resources 0.145 458 $ 507,240,767.00 APG Austpac Resources NL 0.002 100 $ 1,803,509.00 SHO Sportshero Ltd 0.063 75 $ 98,797,291.00 BPH BPH Energy Ltd 0.22 74 $ 58,823,863.00 RXH Rewardle Holding Ltd 0.017 70 $ 9,588,309.00 ADY Admiralty Resources. 0.021 50 $ 6,319,427.00 ANW Aus Tin Mining 0.0015 50 $ 23,434,000.00 CCE Carnegie Cln Energy 0.003 50 $ 153,014,564.00 CYQ Cycliq Group Ltd 0.003 50 $ 45,000.00 BUY Bounty Oil & Gas NL 0.043 39 $ 49,446,049.00 ANL Amani Gold Ltd 0.002 33 $ 11,102,102.00 UUV UUV Aquabotix Ltd 0.004 33 $ 340,118,929.00 FTZ Fertoz Ltd 0.07 32 $ 10,000.00 CI1 Credit Intelligence 0.046 31 $ 271,437,581.00 ELS Elsight Ltd 0.59 31 $ 1,901,601.00 MAY Melbana Energy Ltd 0.022 29 $ 69,361,114.00 EGL Environmental Group 0.049 29 $ 991,056.00 RNE Renu Energy Ltd 0.08 27 $ 5,601,687.00 ASO Aston Minerals Ltd 0.038 27 $ 9,338,367.00 ODA Orcoda Limited 0.2 25 $ 3,800.00 GO2 Thego2People 0.04 25 $ 33,157.00 IBX Imagion Biosys Ltd 0.215 23 $ 26,891,584.00 <\/p>\n

<\/div>\n<\/div>\n

WordPress Table Plugin<\/a><\/p>\n

\u00a0<\/p>\n

Yesterday\u2019s losers<\/h2>\n
Stocks highlighted in yellow made market moving announcements<\/h5>\n
<\/div>\n
\n
<\/div>\n

Code Company Price % Volume GGX Gas2Grid Limited 0.005 -50 68,773,962 T3D 333D Limited 0.003 -50 127,204,804 FGO Fargo Enterprises 0.014 -33 88,361,664 FFG Fatfish Group 0.18 -33 291,716,657 CM8 Crowd Media Limited 0.047 -25 82,779,525 GGE Grand Gulf Energy 0.013 -24 7,210,846 MCT Metalicity Limited 0.014 -22 62,821,818 AAJ Aruma Resources Ltd 0.074 -21 1,913,318 TRM Truscott Mining Corp 0.023 -21 38,919 DME Dome Gold Mines Ltd 0.135 -21 20,400 SAN Sagalio Energy Ltd 0.02 -20 126,599 DTR Dateline Resources 0.002 -20 2,000,000 RIM Rimfire Pacific 0.008 -20 10,654,810 YPB YPB Group Ltd 0.002 -20 10,362,663 CTE Cryosite Limited 0.21 -19 36,037 EGR Ecograf Limited 0.805 -19 5,504,967 ICI Icandy Interactive 0.13 -19 30,437,881 OKJ Oakajee Corp Ltd 0.053 -18 88,766 NME Nex Metals Explorat 0.031 -18 911,386 SHG Singular Health 0.45 -18 2,577,867 AGS Alliance Resources 0.2 -17 29,952 <\/p>\n

<\/div>\n<\/div>\n

WordPress Table Plugin<\/a><\/p>\n

The post Rise and Shine: What you need to know before the ASX opens<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

On\u00a0Stockhead\u00a0today, blistering barnacles \u2013 the LME is running out of tin! Also, why orphan drugs are such a big deal, and the ASX telco stocks [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":10963,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nRise and Shine: What you need to know before the ASX opens - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=11509\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rise and Shine: What you need to know before the ASX opens - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"On\u00a0Stockhead\u00a0today, blistering barnacles \u2013 the LME is running out of tin! 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