Rise and Shine: Everything you need to know before the ASX opens
Christian and the Edwardses, welcome home. Picture: Getty Images
On Stockhead today, another reminder of how far behind lithium demand we are, the new Malawi and the Aussies mining there, and Fitch goes and ruins the global finance party.
But first, to the day ahead.
TRADING HALTS
Omega Oil & GAS (ASX:OMA) – Capital raise
Melodiol Global Health (ASX: ME1) – Capital raise
West Cobar Metals (ASX:WC1) – Update on Mineral Resource Estimate for the Salazar Project
Respiri Limited (ASX: RSH) – Announcement regarding placement of shortfall from share purchase plan
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,933.85 (+0.01%)
Silver: US$23.56 (-0.73%)
Nickel (3mth): US$21,700/t (+0.65%)
Copper (3mth): US$8,639/t (+1.52%)
Oil (WTI): US$81.55 (+2.59%)
Oil (Brent): US$85.28 (+2.50%)
Iron 62pc Fe: US$104.26/t (-2.93%)
AUD/USD: 0.6552 (+0.2%)
Bitcoin: US$29,284 (+0.7%)
WHAT GOT YOU TALKING?
Our own pet day trader wondering why bother turning on the telly when Yes Minister is playing live at Parliament House right now.
The stars aligned when the Australian finance department hired a consultant to advise them on how they should go about… hiring consultants. https://t.co/wkyVZNpfpG pic.twitter.com/mky4vVNAZh
— Stockhead (@StockheadAU) August 4, 2023
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.
For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.
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.
FRIDAY’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.002 | 100% | 150,783 | $5,824,681 |
| RDN | Raiden Resources Ltd | 0.0115 | 44% | 92,252,731 | $16,442,151 |
| ERW | Errawarra Resources | 0.115 | 42% | 1,978,174 | $4,900,824 |
| KNB | Koonenberrygold | 0.044 | 42% | 261,375 | $2,348,450 |
| AHI | Advanced Health | 0.235 | 34% | 1,886,366 | $38,098,195 |
| EDE | Eden Inv Ltd | 0.004 | 33% | 639,822 | $8,990,833 |
| CMX | Chemxmaterials | 0.115 | 28% | 78,788 | $4,559,501 |
| CCX | City Chic Collective | 0.61 | 27% | 9,198,816 | $111,321,641 |
| VMM | Viridismining | 0.58 | 26% | 585,197 | $14,356,139 |
| M2M | Mtmalcolmminesnl | 0.03 | 25% | 46,000 | $1,914,420 |
| AW1 | Americanwestmetals | 0.2875 | 25% | 21,682,258 | $80,333,768 |
| BIO | Biome Australia Ltd | 0.125 | 25% | 1,676,674 | $16,245,300 |
| ROG | Red Sky Energy. | 0.005 | 25% | 2,342,552 | $21,208,909 |
| VAL | Valor Resources Ltd | 0.005 | 25% | 2,117,836 | $15,212,139 |
| MPR | Mpower Group Limited | 0.021 | 24% | 351,978 | $4,992,956 |
| GSM | Golden State Mining | 0.043 | 23% | 3,721,699 | $6,688,090 |
| AZS | Azure Minerals | 2.66 | 23% | 12,091,819 | $846,812,276 |
| GRE | Greentechmetals | 0.435 | 23% | 1,635,374 | $20,091,422 |
| VGL | Vista Group Int Ltd | 1.71 | 21% | 6,977 | $333,102,689 |
| ID8 | Identitii Limited | 0.018 | 20% | 2,150,623 | $3,191,977 |
| MVL | Marvel Gold Limited | 0.012 | 20% | 29,420 | $8,637,907 |
| NAE | New Age Exploration | 0.006 | 20% | 120,000 | $7,179,495 |
| HRZ | Horizon | 0.038 | 19% | 5,610,371 | $22,303,478 |
| BBT | Bluebet Holdings Ltd | 0.26 | 18% | 665,055 | $44,057,477 |
| SIX | Sprintex Ltd | 0.039 | 18% | 270,112 | $9,615,089 |
Errawarra Resources (ASX:ERW) finished the week strongest, piling on 66.6% just by living next door to Azure Minerals.
Similarly, Raiden Resources (ASX:RDN) leapt 37.5% into the air for much the same reason, as has Greentech Metals (ASX:GRE) which climbed more than 21%.
Advanced Health Intelligence (ASX:AHI) popped nicely on a deal that will see the company re-enter China through Shanghai-based Changlin Network Technology.
And Koonenberry Gold (ASX:KNB) finishe Friday up 42% after announcing that the NSW Regulator has granted approval to commence drilling at the company’s Bellagio prospect in the state’s northwest.
KNB says that an aircore drilling program is scheduled to commence in August and has been designed to test multiple high grade gold assays from outcropping quartz veins, including the 39.4g/t gold and 22.5g/t gold rock chips previously reported, as well as a “robust” gold in soil anomaly with a maximum result of 33ppb Au.
FRIDAY’S ASX SMALL CAP LAGGARDS
Here are the worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MSB | Mesoblast Limited | 0.475 | -56% | 65,812,650 | $887,483,259 |
| CCE | Carnegie Cln Energy | 0.001 | -50% | 2,792,894 | $31,285,147 |
| GBE | Globe Metals &Mining | 0.042 | -39% | 3,890,555 | $34,967,040 |
| CLE | Cyclone Metals | 0.001 | -33% | 18,381,323 | $15,396,757 |
| NGY | Nuenergy Gas Ltd | 0.021 | -25% | 377,671 | $41,466,754 |
| LRL | Labyrinth Resources | 0.007 | -22% | 6,666,186 | $9,941,029 |
| BDX | Bcaldiagnostics | 0.1025 | -21% | 551,274 | $27,487,692 |
| NYM | Narryermetalslimited | 0.135 | -21% | 564,649 | $5,182,875 |
| H2G | Greenhy2 Limited | 0.012 | -20% | 26,035 | $6,281,337 |
| AJQ | Armour Energy Ltd | 0.002 | -20% | 191,023 | $12,303,355 |
| DCX | Discovex Res Ltd | 0.002 | -20% | 1,720,265 | $8,256,420 |
| ENT | Enterprise Metals | 0.004 | -20% | 1,071,232 | $3,747,355 |
| PHL | Propell Holdings Ltd | 0.03 | -17% | 100,000 | $4,332,799 |
| BLU | Blue Energy Limited | 0.02 | -17% | 7,878,339 | $44,423,366 |
| LML | Lincoln Minerals | 0.005 | -17% | 880,365 | $8,524,271 |
| MXC | Mgc Pharmaceuticals | 0.0025 | -17% | 782,042 | $11,677,079 |
| BTE | Botalaenergyltd | 0.11 | -15% | 135,000 | $6,931,167 |
| 1TT | Thrive Tribe Tech | 0.028 | -15% | 2,614,819 | $9,788,510 |
| RLF | Rlfagtechltd | 0.14 | -15% | 26,420 | $15,125,037 |
| AZL | Arizona Lithium Ltd | 0.018 | -14% | 60,981,487 | $58,022,723 |
| HLX | Helix Resources | 0.006 | -14% | 62,000 | $16,262,021 |
| MEL | Metgasco Ltd | 0.012 | -14% | 38,488 | $14,894,414 |
| PIL | Peppermint Inv Ltd | 0.006 | -14% | 7,583,706 | $14,264,998 |
| BNZ | Benzmining | 0.475 | -14% | 916,470 | $60,458,736 |
| 8VI | 8Vi Holdings Limited | 0.16 | -14% | 18,266 | $7,753,613 |
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