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ASX Small Cap Lunch Wrap: Wall Street upbeat but a blow for Joe
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Joe Biden was sworn in as the 46th US President on Wednesday and Wall Street hit all-time highs.
Meanwhile, tiger wrangler/meth connoisseur Joe Exotic – who ran for President as an independent candidate in 2016 — did not get a last minute pardon from outgoing President Don Trump.
The commodity boom keeps booming.
Global oil prices rose on Wednesday. At ~$US18,000/t the nickel price dances around six-year highs.
Copper consolidated after pounding through the ~US$8,000/t mark in January – its highest point since February 2013.
Following a manic rally past $US170/t, iron ore pulled back (very slightly) after major miner BHP lifted annual production targets.
Battery metals – graphite, lithium, cobalt – are all turning on the burners.
Even gold surged, with the futures price up by US$26.30 an ounce overnight to US$1,866.50 an ounce.
The ASX 200 index was up 37 points to 6,808 by midday.
WINNERS
| CODE | NAME | PRICE | % CHANGE | VOLUME | MARKET CAP |
|---|---|---|---|---|---|
| T3D | 333D | 0.002 | 100 | 48314929 | $ 1,065,995.76 |
| RIE | Riedel Resources | 0.032 | 60 | 3506166 | $ 16,834,121.24 |
| CLZ | Classic Minerals | 0.0015 | 50 | 162540500 | $ 17,034,968.31 |
| CTO | Citigold Corp | 0.019 | 46 | 12254870 | $ 35,368,751.72 |
| LCL | Los Cerros | 0.175 | 46 | 69141750 | $ 56,253,542.64 |
| ALT | Analytica | 0.004 | 33 | 4305000 | $ 10,558,837.00 |
| MOZ | Mosaic Brands | 1.14 | 30 | 1602445 | $ 85,063,378.40 |
| GGX | Gas2Grid | 0.005 | 25 | 5036326 | $ 5,343,987.94 |
| ELT | Elementos | 0.011 | 22 | 6937108 | $ 29,216,937.80 |
| AXE | Archer Materials | 0.92 | 22 | 4532645 | $ 169,978,092.23 |
| NVX | Novonix | 2.5 | 20 | 5276375 | $ 731,360,524.96 |
| ASP | Aspermont | 0.018 | 20 | 16838434 | $ 34,633,350.51 |
| IPT | Impact Minerals | 0.018 | 20 | 9342812 | $ 26,713,296.62 |
| SEG | Sports Ent Grp | 0.24 | 20 | 14000 | $ 46,220,211.20 |
| AZI | Alta Zinc | 0.006 | 20 | 521674 | $ 18,053,495.88 |
| JDR | Jadar Resources | 0.037 | 19 | 39179998 | $ 20,103,006.23 |
| ZNC | Zenith Minerals | 0.14 | 17 | 219058 | $ 35,323,203.60 |
| VIC | Victory Mines | 0.0035 | 17 | 37445778 | $ 14,214,758.31 |
| XST | Xstate Resources | 0.007 | 17 | 1139285 | $ 10,867,445.39 |
| RFX | Redflow | 0.036 | 16 | 15395353 | $ 37,220,356.65 |
| BRV | Big River Gold | 0.052 | 16 | 1482196 | $ 68,171,255.10 |
A 5000m drilling program will kick off late January at Riedel Resources (ASX:RIE) recently acquired high grade Kingman gold project in Arizona.
Colombian explorer Los Cerros (ASX:LCL) just hit a 320m long “porphyry-style” intersection at the Tesorito South target grading 1.5g/t gold from surface.
Fashion retailer Mosaic Brands (ASX:MOZ) says half earnings are expected to be between $40 million and $45 million.
It also mentioned that “a large number of our frontline team [will be] vaccinated (against COVID-19) by the middle of the year” which is a weird thing to put in an announcement.
The big boys of BNPL are hot again. Zip (ASX:Z1P) shares have surged to a three-month high – and Afterpay (ASX:APT) has hit an all-time high – after Zip reported strong second-quarter growth, particularly in the US.
LOSERS:
| CODE | NAME | PRICE | % CHANGE | VOLUME | MARKET CAP |
|---|---|---|---|---|---|
| ECT | Env Clean Tech | 0.001 | -33 | 906498 | $ 14,401,549.18 |
| AVW | Avira Resources | 0.055 | -31 | 49629812 | $ 11,000,320.00 |
| CIO | Connected Io | 0.012 | -25 | 3840981 | $ 3,967,104.46 |
| HMX | Hammer Metals | 0.069 | -24 | 39235959 | $ 68,166,898.07 |
| WCN | White Cliff Minerals | 0.029 | -22 | 15181462 | $ 19,133,989.41 |
| VUL | Vulcan Energy | 7.62 | -21 | 2835923 | $ 825,883,380.50 |
| DCX | Discovex Resources | 0.008 | -20 | 25153626 | $ 11,961,640.76 |
| MLS | Metals Australia | 0.002 | -20 | 4010621 | $ 10,477,258.94 |
| TPD | Talon Petroleum | 0.004 | -20 | 4327023 | $ 21,758,947.63 |
| GLV | Global Oil & Gas | 0.015 | -17 | 9857374 | $ 11,765,246.51 |
| KNM | Kneomedia | 0.017 | -15 | 6680009 | $ 19,764,933.20 |
| LSH | Lifespot Health | 0.12 | -14 | 569639 | $ 23,585,373.98 |
| MRD | Mount Ridley Mines | 0.003 | -14 | 1687000 | $ 13,598,245.65 |
| REE | Rarex | 0.12 | -14 | 12859218 | $ 57,210,048.56 |
| TSC | Twenty Seven Co. | 0.006 | -14 | 1928000 | $ 14,884,246.16 |
| SOR | Strategic Elements | 0.7 | -14 | 32487435 | $ 350,001,399.18 |
| ENV | Enova Mining | 0.052 | -13 | 735279 | $ 20,319,530.64 |
| CMD | Cassius Mining | 0.02 | -13 | 27362 | $ 6,606,666.97 |
| GEV | Global Ene Ven | 0.087 | -13 | 1101962 | $ 38,697,822.30 |
| ODM | Odin Metals | 0.027 | -13 | 875038 | $ 8,051,299.39 |
| SYA | Sayona Mining | 0.041 | -13 | 75431669 | $ 167,975,032.47 |
