The following stocks went into trading halts Tuesday and are expected out in the coming days:
Paladin Energy (ASX:PDN) – Halt called ahead of an announcement by Paladin in relation to a recent article which includes purported statements from the Namibian Mines and Energy Minister regarding in country mining and petroleum assets.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1972.23 (-0.19%)
Silver: $US23.650 (-0.72%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US72.01(-0.41%)
Oil (Brent): $US79.81 (+0.49%)
Iron 62pc Fe: $US106.50/t (+3.9%)
AUD/USD: 0.6650 (-0.0%)
Bitcoin: $US26,854 (+0.01%)
WHAT GOT YOU TALKING YESTERDAY?
Our Canada Unearthed column wraps the news driving mining and exploration stocks listed on the TSX and TSX.V.
This week we look at uranium producer Cameco (TSX:CCO), which has benefitted from an the upswing in yellowcake prices and investor sentiment.
HEADLINES FROM DOWN UNDER Canada Unearthed: ‘Nuclear is making a big comeback’ and so is superstar uranium producer Cameco – Stockhead #nuclear#uraniumhttps://t.co/nqC2ABNV4m
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.
TUESDAY’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks on Tuesday:
Swipe or scroll to reveal full table. Click headings to sort:
Adelaide-based Micro-X (ASX:MX1) is changing the way bombs are detected with its Argus IED X-ray camera pre-production unit successfully completing field testing for improvised explosive devices (IEDs).
Argus, about the size of a large cereal box, enables bomb disposal guys to safely image suspect packages remotely with greater clarity than ever before.
The Argus has attracted interest from key global players in the defence sector including the FBI, US military and police departments.
“Argus opens the door to an addressable market of US$1.8 billion based on the number of bomb disposal teams worldwide,” CEO Kingsley Hall told Stockhead.
Pure Foods Tasmania (ASX:PFT) issued a highly positive trading update, which includes news that the company expects revenue to grow a solid 50% in FY24 against its FY23 results.
The revenue jump is likely to be driven by booming sales of PFT’s potato and gravy product – a 450g bucket of mashed spuds and gravy that looks like this:
TUESDAY’S ASX SMALL CAP LAGGARDS
Here are the worst performing ASX small cap stocks on Tuesday:
Swipe or scroll to reveal full table. Click headings to sort:
Explorer Argonaut Resources (ASX:ARE) was kicked out of bed on some fairly ordinary lithium drilling results at the Higginsville project in WA.
Uranium project developer Paladin Energy (ASX:PDN) plummeted following news that Namibia is considering taking minority stakes in mining and petroleum production companies.
And former market darling Sayona Mining (ASX:SYA) completed its $200m placement at 18c/sh, sending the share price to 2023 lows.
The company says the cash will expedite the development of its northern Quebec lithium hub, centred on the Moblan project, where a 60km drilling program is underway.
It follows a C$50m raise via flow‐through‐shares (FTS) in March at 31.5c per share.
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