Short. Squeeze. Via Getty
Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, Christian’s suddenly got a lot of buyers regret over his Chinese tech and Emma’s back on Death Row with Snoop Dogg’s new hooch.
And meme-fans… there’s another short squeeze, squeeze on right now!
Big day on Wall Street.
But first, around the traps.
TRADING HALTS
These are the stocks which were halted at the end of the last ASX session:
This is the closest we came to a halt:
But then this:
WHAT GOT ME TALKING
This did.
Today on Monsters of Rock:
● LME releases review into last year’s short squeeze that plunged the nickel market into chaos
● Westgold surges on production growth and exploration success at Bluebird mine
● Miners look to profit from China’s reopening https://t.co/pSiu7JpSsA— Stockhead (@StockheadAU) January 11, 2023
And which future-facing metals will have their ‘lithium moment’ in 2023?
– #BatteryMetals #stocks swam against the tide in ‘22
– Experts tip the re-emergence of #nickel and #copper this year along with #PGEs
– Here’s a list of the top 50 battery stocks to January 9 https://t.co/ciYXPz0Lyj #ASX— Stockhead (@StockheadAU) January 10, 2023
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Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1876.53 (+0.04%)
Silver: $US23.01 (-0.82%%)
Nickel (3mth): $US21,900/t (-0.85%)
Copper (3mth): $US7,850/t (+2.98%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, DEC 28): $US82,075/t (+114.4% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, DEC 28): $US80,650/t (+164.4% year-to-date)
Oil (WTI): $US77.65 (+3.44%)
Oil (Brent): $US783.04 (+3.71%)
Iron 62pc Fe: $US121.00 (+2.5%)
AUD/USD: 0.6909 (+0.32%)
Bitcoin: $US17,538 (+o.34%)
ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks at the close
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.0015 | 50% | 1,704,648 | $24,693,441 |
| T3D | 333D Limited | 0.0015 | 50% | 49,570 | $3,189,317 |
| ARE | Argonaut Resources | 0.002 | 33% | 1,500,000 | $9,542,807 |
| XST | Xstate Resources | 0.002 | 33% | 100,000 | $4,822,772 |
| AZS | Azure Minerals | 0.3 | 33% | 5,245,387 | $70,251,273 |
| PKO | Peako Limited | 0.015 | 25% | 192,000 | $4,550,583 |
| PLG | Pearlgullironlimited | 0.03 | 25% | 965,887 | $1,688,455 |
| ALM | Alma Metals Ltd | 0.01 | 25% | 434,069 | $7,312,006 |
| AAJ | Aruma Resources Ltd | 0.065 | 23% | 20,199,054 | $8,318,960 |
| BLZ | Blaze Minerals Ltd | 0.011 | 22% | 23,367 | $3,307,574 |
| BRK | Brookside Energy Ltd | 0.014 | 22% | 27,850,078 | $57,641,138 |
| SER | Strategic Energy | 0.017 | 21% | 350,000 | $4,154,412 |
| VAR | Variscan Mines Ltd | 0.018 | 20% | 334,495 | $4,000,980 |
| AHN | Athena Resources | 0.012 | 20% | 21,143,632 | $8,704,676 |
| TOE | Toro Energy Limited | 0.012 | 20% | 12,947,660 | $43,588,876 |
| CMX | Chemxmaterials | 0.19 | 19% | 230,183 | $8,105,780 |
| HYT | Hyterra Ltd | 0.019 | 19% | 105,263 | $7,705,579 |
| PUR | Pursuit Minerals | 0.019 | 19% | 11,578,538 | $18,280,798 |
| CDR | Codrus Minerals Ltd | 0.165 | 18% | 808,639 | $5,660,200 |
| OXT | Orexploretechnologie | 0.105 | 17% | 81,333 | $9,329,778 |
| ATU | Atrum Coal Ltd | 0.007 | 17% | 138,237 | $8,350,195 |
| CHK | Cohiba Min Ltd | 0.007 | 17% | 3,197,354 | $10,639,465 |
| MTH | Mithril Resources | 0.0035 | 17% | 300,000 | $9,789,271 |
| SLM | Solismineralsltd | 0.093 | 16% | 144,108 | $3,714,436 |
| BLG | Bluglass Limited | 0.029 | 16% | 2,573,417 | $33,488,792 |
The biggest winner small cap winner on the ASX on Wednesday was lithium aspirant Azure Minerals (ASX:AZS).
The WA explorer secured a $20m cornerstone investment from global lithium producer Sociedad Química y Minera de Chile subsidiary SQM for a 19.99% stake in the company.
AZS MD Tony Rovira on the news:
“Azure is now in a very strong financial position and, following completion of both tranches of the transaction with SQM, Azure will have a cash balance of more than $25 million which will be used to accelerate lithium exploration through a program of intensive drilling across the Andover Project.”
SQM is investing at a price of $0.2564 per share — a 13.9% premium to Azure’s last traded price of $0.225 per share on 6 January 2023.
More lithium winners, this time Aruma Resources (ASX:AAJ) which intersected further high-grade lithium-rubidium out of the final batches of assays from AAJ’s recently completed drill program at Mt Deans in WA.
A total of 12 intersections graded >1.5% lithium-rubidium, with best results including 8m at 1.89% Li2O+Rb2O from 26m and 5m at 1.51% Li2O+Rb2O from 55m.
Assays also returned high potassium values, of up to 3.6%, with cesium (up to 0.6%) and tin-tantalum (600ppm and 700ppm).
ASX SMALL CAP LAGGARDS
Here are the least performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| KEY | KEY Petroleum | 0.001 | -33% | 301,000 | $2,951,892 |
| ROO | Roots Sustainable | 0.0015 | -25% | 173,010 | $2,078,439 |
| XST | Xstate Resources | 0.0015 | -25% | 183,575 | $6,430,363 |
| IS3 | I Synergy Group Ltd | 0.02 | -20% | 500,003 | $7,227,009 |
| ALM | Alma Metals Ltd | 0.008 | -20% | 709,068 | $9,140,008 |
| MTL | Mantle Minerals Ltd | 0.002 | -20% | 6,000 | $13,364,013 |
| SW1 | Swift Networks Group | 0.013 | -19% | 28,193 | $9,484,747 |
| M4M | Macro Metals Limited | 0.005 | -17% | 48,500 | $11,682,467 |
| AHI | Advanced Health | 0.105 | -16% | 24,323 | $24,506,746 |
| NSM | Northstaw | 0.16 | -16% | 106,033 | $22,824,130 |
| KNM | Kneomedia Limited | 0.012 | -14% | 2,218,133 | $18,952,994 |
| LNU | Linius Tech Limited | 0.003 | -14% | 64,866,635 | $9,909,945 |
| KED | Keypath Education | 0.535 | -14% | 226,704 | $132,419,545 |
| CXM | Centrex Limited | 0.1125 | -13% | 5,404,706 | $79,510,604 |
| PGY | Pilot Energy Ltd | 0.0175 | -13% | 9,329,877 | $15,626,882 |
| DRO | Droneshield Limited | 0.255 | -12% | 6,623,309 | $130,802,176 |
| VHM | Vhmlimited | 1.005 | -12% | 1,718,509 | $160,641,250 |
| 1AE | Aurora Energy Metals | 0.15 | -12% | 132,944 | $20,433,478 |
| AXI | Axiom Properties | 0.075 | -12% | 30,000 | $36,780,661 |
| SPX | Spenda Limited | 0.015 | -12% | 3,759,981 | $55,470,645 |
| SIX | Sprintex Ltd | 0.039 | -11% | 99,874 | $11,191,590 |
| CTN | Catalina Resources | 0.008 | -11% | 4,772,845 | $11,146,382 |
| ESR | Estrella Res Ltd | 0.016 | -11% | 2,303,028 | $26,704,294 |
| RDS | Redstone Resources | 0.008 | -11% | 67,867 | $6,631,492 |
| SNS | Sensen Networks Ltd | 0.049 | -11% | 1,236,968 | $37,326,450 |
