Happy Friday!
A big week for us @PeakHQ as we close the year off strongly!
To our American friends – happy thanksgiving!
Hopefully you got your turkeys in time from Amazon!
Firstly, another huge congratulations to Merel and the entire Nico lab team for gaining FDA approval.
Click here to read.
Stocks on our radar this morning include: MSE, BCC, MRQ, PXX and ICI.
Across markets…
Last night, the rally in global risk assets lost steam as the spreading pandemic tempered gains in European stocks and U.S. equity futures. Bitcoin tumbled as much as 14%.
Cyclical companies including banks and energy firms that had led the post-vaccine surge retreated while more defensive tech shares gained, with the Stoxx Europe 600 Index flat. That was mirrored by equity futures in the U.S., where contracts on the main gauge fell while those on the tech-heavy Nasdaq 100 were little changed.
Even with three successful vaccines on the table, sentiment turned cautious Thursday as the virus toll continued to rise in Europe and the U.S., leading German Chancellor Angela Merkel to call on Europe’s ski resorts to close this winter.
AstraZeneca Plc is likely to conduct a further global trial of its vaccine after current studies raised questions, CEO Pascal Soriot said in an interview. The task of vaccinating the world’s population is rife with logistical problems, all while the virus gains ground and economic recoveries wobble.
Source: Bloomberg
Stocks
Futures on the S&P 500 Index closed 0.3% lower
The Stoxx Europe 600 Index slid 0.1%.
The MSCI Asia Pacific Index gained 0.7%.
The MSCI Emerging Market Index rose 0.9%.
Currencies
The Bloomberg Dollar Spot Index gained 0.1% as of 1:37 p.m. New York time.
The euro was little changed.
The British pound slid 0.2% to $1.335.
The onshore yuan was unchanged at 6.5657 per dollar.
The Japanese yen strengthened 0.2% to 104.25 per dollar.
Bonds
Germany’s 10-year yield fell two basis points to -0.59%.
Japan’s 10-year yield gained 0.5 basis point to 0.019%.
Britain’s 10-year yield declined 3.7 basis points to 0.278%.
Commodities
West Texas Intermediate crude decreased 1.8% to $44.90 a barrel.
Brent crude decreased 1.7% to $47.8 a barrel.
Gold strengthened 0.2% to $1,810.35 an ounce.
Source: Bloomberg
Gold prices have fallen to four-month lows after vaccine hopes and the prospects of a smooth Biden transition lifted risk appetite.
Gold mining stocks have followed, despite record levels of profitability in the sector.
Profits reached a record high $US4.8 billion in the September quarter, a substantial increase of $2.7 billion compared to last quarter, and an even bigger increase of $3.3 billion on this time last year.
The reason? A rising gold price combined with tight cost controls, low oil prices, and currency weakness against the US dollar.
With the December quarter spot gold price to date averaging $US1,891 and costs not expected to increase significantly, these high margins are expected to remain at similar levels in the current quarter.
Shareholder dividends remain relatively low but they should increase, says Metals Focus.
“Cash generation for our peer group has been improving since 2015, due to a rising gold price and better cost control,” it says.
Stockhead
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.046 -4.17%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.14 +16.00%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.088 +3.53%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.17 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.054 +1.89%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.085 Unchanged
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.028 -9.68%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $3.00 +3.09%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.037 -9.76%
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.010 Unchanged
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.0040 -20.00%
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.16 -8.33%
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.015 +7.14%
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted therapy
Year: 2020
Deal Type: Placement
Raise Amount: $2.5m
Price Change: CAD $0.065 -7.14%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.037 +15.62%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
