It was a lacklustre session for local stocks in Tuesday trade, as the ASX 200 limped into the close with a fall of 0.77% while the microcap Emerging Companies index traded flat.

In an environment of rising bond yields, the broader tone is still risk-off, with US stock futures providing no clear direction as to what might happen on Wall Street tonight.

In Australia, markets were dragged lower by consumer stocks — from the major grocers to retail stores — as more companies report staff shortages and supply chain disruptions due to the rapid spread of Omicron.

Crypto markets drifted sideways in Asian trade, as Bitcoin and Ethereum look to hold above key support levels of US$40,000 and US$3,000 respectively.


(Stocks highlighted in yellow rose after making announcements during the trading day).

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Code Company Price % Volume
NPM Newpeak Metals 0.002 100.0% 643,770
VMG VDM Group Limited 0.002 100.0% 1,302,779
WOO Wooboard Tech Ltd 0.002 33.3% 1,604,512
MDI Middle Island Res 0.16 28.0% 2,295,971
CCE Carnegie Cln Energy 0.0025 25.0% 7,803,952
CGB Cann Global Limited 0.0025 25.0% 6,074,396
EN1 Engage:Bdr Limited 0.0025 25.0% 1,000,000
PCL Pancontinental Energ 0.0025 25.0% 56,186,070
PNV Polynovo Limited 1.785 24.8% 8,932,292
ROO Roots Sustainable 0.006 20.0% 796,648
QXR Qx Resources Limited 0.045 18.4% 30,394,808
PRM Prominence Energy 0.0105 16.7% 13,641,593
DDD 3D Resources Limited 0.0035 16.7% 2,175,000
GNM Great Northern 0.007 16.7% 308,494
MBK Metal Bank Ltd 0.007 16.7% 2,104,707
ZNO Zoono Group Ltd 0.46 16.5% 738,886
FRS Forrestaniaresources 0.4 15.9% 650,112
ESS Essential Metals Ltd 0.295 15.7% 16,703,880
PF1 Pathfinder Resources 0.335 15.5% 186,056
HCD Hydrocarbon Dynamic 0.015 15.4% 200,285
NAE New Age Exploration 0.015 15.4% 80,761,743
VOR Vortiv Ltd 0.03 15.4% 231,122
AR1 Australresources 0.19 15.2% 266,646
MGT Magnetite Mines 0.038 15.2% 40,005,286
QGL Quantum Graphite 0.19 15.2% 493,003
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Investors cheered on a trading update from ~$1bn biotech Polynovo (ASX:PNV), after the medical devices company reported strong conditions at its US operations. The company increased its quantum of sales accounts in the US to 154, and monthly sales for Novosorb — its patented bioabsorbable polymer technology — rose above US$2m for the first time in December.

Cybersecurity firm Vortiv (ASX:VOR) also gained ground, after advising that its India-based subsidiary Transaction Solutions International (India) Pvt. Ltd is on track to book EBITDA of $9.5m – $10.5m in FY22. “Management have also advised that TSI has been short listed for several new ATM contracts, further announcements will be made in due course,” Vortiv said.

And lithium/gold play Essential Metals (ASX:ESS) went on a run to 30.5c, with the stock now having almost doubled since December 20 on minimal news flow. Today’s rally prompted a price query from the ASX, to which ESS responded that it wasn’t aware of any news which would prompt the surge.


(Stocks highlighted in yellow fell after making announcements during the trading day).

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Code Company Price % Volume
WCN White Cliff Min Ltd 0.0185 -26.0% 27,347,000
ALT Analytica Limited 0.0015 -25.0% 250,000
ANL Amani Gold Ltd 0.0015 -25.0% 15,581,258
NTL New Talisman Gold 0.0015 -25.0% 1,253,900
RCR Rincon 0.14 -20.0% 189,550
MSI Multistack Internat. 0.04 -18.4% 160,128
IRX Inhalerx Limited 0.083 -17.0% 16,524
YPB YPB Group Ltd 0.0025 -16.7% 521,557
BMO Bastion Minerals 0.205 -16.3% 163,861
MAD Mader Group Limited 1.98 -14.7% 101,877
PNX PNX Metals Limited 0.006 -14.3% 13,636,000
M2M Mt Malcolm Mines 0.125 -13.8% 296,781
GWR GWR Group Ltd 0.19 -13.6% 811,679
ARB ARB Corporation. 46.15 -12.6% 732,503
T3D 333D Limited 0.0035 -12.5% 4,978,483
TMX Terrain Minerals 0.007 -12.5% 335,086
TPD Talon Energy Ltd 0.007 -12.5% 2,224,295
KFM Kingfisher Mining 0.21 -12.5% 2,542,006
FAU First Au Ltd 0.0105 -12.5% 4,176,954
BXN Bioxyne Ltd 0.025 -12.3% 111,852
ASP Aspermont Limited 0.022 -12.0% 151,800
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Semiconductor technology company Brainchip (ASX:BRN) is surging again on strong volumes, climbing to new all-time highs above $1 from the ~40c level in early October. The company — which develops semiconductor technology based on the neural pathways in the brain — was identified in research last year as one of 11 ASX ‘meme stonks’. The recent gains follow a steady run of patent updates and licensing agreements in Q4. The increased trading activity prompted a query from the ASX this morning, to which BRN said it wasn’t aware of any recent news to prompt the surge. At today’s close of $1.08, BRN shares are up more than 2,500% since March 30, 2020.

Shortly after midday EST, Mt Malcom Mines (ASX:M2M) said reverse circulation drilling had uncovered further shallow gold mineralisation at its Golden Crown project. However, shares in the company fell by more than 10% in afternoon trade to 12.5c — off M2M’s 12-month highs of almost 20c reached last year.

Explorer Orion Minerals (ASX:ORN) climbed by around 4%, after reporting assay results from the first four drill holes of its maiden drilling program at the Okiep copper project in South Africa. ORN said the results exceeded expectations. “Three holes were drilled to confirm historically reported mineralisation, returning high-grade results including 10.36m at 1.84% Cu, 5.71m at 1.93% Cu and 4.69m at 2.05% Cu,” the company said.


The following companies went into trading halts today and are expected out in the next few days:

OZZ Resources (ASX:OZZ) — tenement acquisition

Liontown Resources (ASX:LTR) — offtake agreement

Elsight (ASX:ELS) — commercial purchase order

Zenith Minerals (ASX:ZNC) – Alliance and JV over ZNC’s lithium projects

Iris Metals (ASX:IR1) – material acquisition

Xantippe Resources (ASX:XTC) – material acquisition

Compumedics (ASX:CMP) – material contract announcement

Emerald Resources (ASX:EMR) – takeover

PVW Resources (ASX:PVW) – rare earths exploration results

Castle Minerals (ASX:CDT) – capital raising

Pacgold (ASX:PGO) – drilling results