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

Good morning.

On Stock head today, Guy Le Page summons the ghost of Elvis, a tempting junior uranium sandwich, and who’s our momentum trader of the week, we hear you say? IT’S ONLY PAUL TUDOR JONES!

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,159.84 (+0.55%)

Silver: US$24.32 (+0.65%)

Nickel (3mth): US$17,717/t (-0.25%)

Copper (3mth): US$8,577/t (+1%)

Oil (WTI): US$79.44 (+0.40%)

Oil (Brent): US$83.28 (+0.40%)

Iron 62pc Fe: US$117.96/t (+0.85%)

AUD/USD: 0.6621 (+0.90%)

Bitcoin: US$67,518 (+1.85%)

WHAT GOT YOU TALKING

That’s gold, that is:

#Gold hit an all-time high this week, marching on, ending Friday in strong form. https://t.co/27Ueh6bumH

— Stockhead (@StockheadAU) March 8, 2024

ASX SMALL CAP LEADERS

Friday’s best performing small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code	Name	Price	% Change	Volume	Market Cap
MAG	Magmatic Resrce Ltd	6.90	53.33	10,037,005	$13,756,176
OLL	Openlearning	2.60	52.94	2,483,643	$4,553,774
VAL	Valor Resources Ltd	0.30	50.00	807,740	$9,178,027
1CG	One Click Group Ltd	1.00	42.86	2,711,811	$4,817,252
MRQ	Mrg Metals Limited	0.20	33.33	3,445,025	$3,707,012
VUK	Virgin Money Uk PLC	408.00	32.90	13,477,967	$2,039,308,682
HXG	Hexagon Energy	1.70	30.77	2,381,019	$6,667,907
KNB	Koonenberrygold	3.40	30.77	467,058	$3,113,476
OEC	Orbital Corp Limited	16.00	28.00	310,520	$18,225,842
8VI	8Vi Holdings Limited	5.00	25.00	24,000	$1,676,457
CTO	Citigold Corp Ltd	0.50	25.00	2,000,000	$12,000,000
GMN	Gold Mountain Ltd	0.50	25.00	6,055,073	$9,111,514
IEC	Intra Energy Corp	0.25	25.00	930,000	$3,381,563
KPO	Kalina Power Limited	0.50	25.00	2,107,010	$8,840,512
PRX	Prodigy Gold NL	0.50	25.00	420,676	$7,004,431
RAC	Race Oncology Ltd	127.00	24.51	479,181	$167,416,806
PWN	Parkway Corp Ltd	1.10	22.22	5,690,965	$22,619,025
AGR	Aguia Res Ltd	1.80	20.00	2,272,927	$8,692,293
IMC	Immuron Limited	15.00	20.00	15,847,586	$28,474,793
COY	Coppermoly Limited	1.20	20.00	17,400	$7,076,574
NTM	Nt Minerals Limited	0.60	20.00	1,105,617	$4,299,515
TX3	Trinex Minerals Ltd	0.60	20.00	650,001	$7,435,123
CXU	Cauldron Energy Ltd	4.40	18.92	9,392,123	$44,852,128
MGU	Magnum Mining & Exp	1.90	18.75	9,237,351	$12,949,782
AQI	Alicanto Min Ltd	3.50	16.67	273,939	$18,460,104

Magmatic Resources (ASX:MAG) says a farm-in and Joint Venture Agreement has been executed with Fortescue (ASX:FMG) at the Myall Project. Fortescue will spend up to $14m over six years to earn up to 75% joint venture interest in the project. Fortescue will also subscribe for 75,946,151 shares in MAG shares at a price of $0.04884 per share to hold a 19.9% stake in the company.

OpenLearning (ASX:OLL) says it’s signed a three-year platform SaaS and content licence deal with the Asia Pacific International College. OLL says the minimum value is $1.07 million. APIC is a higher education institution with campuses in Sydney, Melbourne and Brisbane that offers undergraduate and postgraduate degree courses to over 4,000 students per year.

Imricor Medical Systems (ASX:IMR) says the Ethics Committee at Lausanne University Hospital (CHUV) has approved its VISABL-AFL clinical trial. This is the first of two approvals required for CHUV to join the trial. The final approval required is from Swissmedic, the competent authority in Switzerland. VISABL-AFL is the global trial to support US FDA approval of Imricor’s products.

And Pointerra (ASX:3DP) has been awarded a contract from U.S. energy utility customer worth US$1.9 million ($2.9 million). The company’s AI driven analytics platform will be used to extract information and insight from 3D LiDAR and imagery data. Pointerra expects to complete contract deliverables this year.

ASX SMALL CAP LAGGARDS

Today’s best performing small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort

Code	Name	Price	% Change	Volume	Market Cap
AXP	AXP Energy Ltd	0.10	-50.00	687,696	$11,649,361
ACS	Accent Resources NL	0.60	-40.00	1,790	$4,731,273
RBR	RBR Group Ltd	0.20	-33.33	1,003,928	$4,855,214
HHR	Hartshead Resources	0.70	-30.00	39,773,472	$28,086,821
AUK	Aumake Limited	0.30	-25.00	3,370	$7,657,627
EXL	Elixinol Wellness	0.60	-25.00	2,327,036	$5,062,973
RAS	Ragusa Minerals Ltd	2.60	-21.21	38,654	$4,705,760
INP	Incentiapay Ltd	0.40	-20.00	50,535	$6,219,650
MCT	Metalicity Limited	0.20	-20.00	108,995	$11,212,634
NAE	New Age Exploration	0.40	-20.00	3,082,815	$8,969,495
TMR	Tempus Resources Ltd	0.40	-20.00	696,567	$3,654,994
VML	Vital Metals Limited	0.40	-20.00	125,919	$29,475,335
WHK	Whitehawk Limited	2.65	-19.70	29,164,479	$11,156,334
ICL	Iceni Gold	2.50	-19.35	441,612	$7,643,393
ICU	Investor Centre Ltd	1.70	-19.05	2,476,375	$6,367,159
AL8	Alderan Resource Ltd	0.50	-16.67	3,000,000	$6,641,168
ASR	Asra Minerals Ltd	0.50	-16.67	1,050,000	$9,983,974
EMT	Emetals Limited	0.50	-16.67	2,000	$5,100,000
IPB	IPB Petroleum Ltd	1.00	-16.67	100,000	$6,781,469
MOH	Moho Resources	0.50	-16.67	201,245	$3,235,069
OAR	OAR Resources Ltd	0.25	-16.67	178,800	$7,959,933
PNX	PNX Metals Limited	0.50	-16.67	240,000	$32,283,748
VRC	Volt Resources Ltd	0.50	-16.67	652,452	$24,780,640
YOJ	Yojee Limited	4.60	-16.36	363,097	$9,577,321
REM	Remsensetechnologies	2.10	-16.00	273,541	$3,217,117

Juno Minerals’ (ASX:JNO) Phase 2 Priority 1 drill program has been completed with all assay results now being received. From the assay results reported, low levels of lithium, tantalum and tin were recorded, with no significant intersections of lithium encountered. The lithium pathfinder element data from the assay results will now be modelled to inform the next exploration phase on the Mount Ida Lithium Prospect.