Like a lost child, the ASX200 has been hopelessly up and down all day (ending up in the red, just).

Indecision, hesitation and old school vacillating, along with some unreliable movement in commodities and tech stocks all not helping the team.

The ASX Emerging Companies index meanwhile, has just been weak all day. It’s down about 0.8% at the close.

Wall St, like us, is all mixed up. The Dow Jones gained 1.2%, while the S&P 500 lost that. The Nasdaq shed 1.3%.

Brent crude jumped well over 5% on the US futures market which makes it a 56% increase so far in 2022. But even if you drive a Tesla, you know that something is up at the pump.

 

TODAY’S BIGGEST SMALL CAP WINNERS

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

Scroll or swipe to reveal table. Click headings to sort.

Code Description Price % Volume
SAN Sagalio Energy Ltd 0.021 40.0% 176,653
ZNO Zoono Group Ltd 0.275 37.5% 1,160,392
ALT Analytica Limited 0.002 33.3% 202,330
ANL Amani Gold Ltd 0.002 33.3% 60,169,838
KZR Kalamazoo Resources 0.39 32.2% 1,753,517
VRC Volt Resources Ltd 0.015 25.0% 38,759,028
BLU Blue Energy Limited 0.087 22.5% 17,128,103
1ST 1St Group Ltd 0.011 22.2% 3,517,307
BKY Berkeley Energia Ltd 0.56 21.7% 827,809
BNR Bulletin Res Ltd 0.23 21.1% 8,483,241
PNX PNX Metals Limited 0.006 20.0% 1,520,200
ROO Roots Sustainable 0.006 20.0% 1,186,584
SBR Sabre Resources 0.006 20.0% 2,827,777
AQS Aquis Ent Ltd 0.155 19.2% 30,223
BOA Boadicea Resources 0.225 18.4% 520,235
GIB Gibb River Diamonds 0.065 18.2% 358,468
IPT Impact Minerals 0.013 18.2% 3,924,770
BRX Belararoxlimited 1.45 17.9% 384,656
AVL Aust Vanadium Ltd 0.069 16.9% 100,385,200
KLI Killiresources 0.415 16.9% 598,500
NC1 Nicoresourceslimited 1.01 16.8% 2,124,449
TIG Tigers Realm Coal 0.014 16.7% 2,497,413
FAR FAR Ltd 0.815 16.4% 2,066,741
LRS Latin Resources Ltd 0.073 15.9% 48,757,704
LPE Locality Planning 0.088 15.8% 572,196
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First up, I like to give a shout out to the really hard nut investors that watch Australian Vanadium Limited (ASX:AVL) share price go bongo every other day.

The emerging Vanadium (V) producer – it’s a critical mineral in Australia and the US – tries to stay focused on developing The Australian Vanadium Project in Western Australia.

Vanadium is mainly used to strengthen steel while energy storage is a growing market.It’s up circa 20%, another day at the office.

Ukraine-based graphite digger Volt Resources (ASX:VRC) has been reinstated to quotation after belatedly releasing its half year accounts yesterday.

It also updated shareholders on plans to supply coated spheronised purified graphite (CSPG) to a US gigafactory that is expected to commence operations in 2025.

Roots Sustainable Agricultural Technologies (ASX:ROO) has received a nod from the USA design patent peeps, for its Heat Exchange Probe (HEP) technology which is designed to heat or cool plants substrates in pots, grow bags and soil.

“Our extensive R&D initiatives have proved the effectiveness and validated our technology so we can now securely sell the HEP into the large and lucrative market,” executive chairman and CEO Boaz Wachtel said. “The timing of the approval coincides perfectly with the establishment of our central US logistics hub, which we have begun to leverage and expedite sales opportunities from.”

TODAY’S BIGGEST SMALL CAP LOSERS

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

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
RAB Adrabbit Limited 0.017 -43.3% 6,573,851
BAS Bass Oil Ltd 0.002 -20.0% 9,986,379
EVE EVE Health Group Ltd 0.002 -20.0% 100,991,313
GTG Genetic Technologies 0.004 -20.0% 1,748,347
TYX Tyranna Res Ltd 0.005 -16.7% 502,016
TBA Tombola Gold Ltd 0.031 -13.9% 2,670,228
PHO Phosco Ltd 0.13 -13.3% 325,005
JTL Jayex Technology Ltd 0.013 -13.3% 631,335
AHN Athena Resources 0.007 -12.5% 340,000
OAU Ora Gold Limited 0.014 -12.5% 1,062,024
DAL Dalaroometalsltd 0.14 -12.5% 19,451
M24 Mamba Exploration 0.14 -12.5% 50,000
E79 E79Goldmineslimited 0.18 -12.2% 171,446
MR1 Montem Resources 0.037 -11.9% 2,277,528
EOS Electro Optic Sys. 2.89 -11.9% 1,849,997
MIL Millennium Grp Ltd 0.42 -11.6% 5,000
HAR Harangaresources 0.235 -11.3% 188,871
TSN The Sust Nutri Grp 0.12 -11.1% 422,241
ARE Argonaut Resources 0.004 -11.1% 41,877
MEB Medibio Limited 0.004 -11.1% 683,791
FYI FYI Resources Ltd 0.25 -10.7% 4,072,741
PVL Powerhouse Ven Ltd 0.085 -10.5% 15,978
W2V Way2Vatltd 0.063 -10.0% 128,750
ESH Esports Mogul Ltd 0.0045 -10.0% 4,099,977
POW Protean Energy Ltd 0.009 -10.0% 123,333
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Incannex is trading lower following its $125m takeover scrip deal for US biotech APIRx Pharmaceutical USA. It’s a mega move for Incannex – the biotech more a huge resource of active clinical and pre-clinical research and development projects focusing on prescription pharmaceutical cannabinoid medicines.

Shares in Icannex, which has a market capitalisation of well north of $810m, were lower in afternoon trade.

Hawsons Iron is down sharply on Thursday after the digger bought out Starlight’s remaining stake in its project near Broken Hill for $10m. Hawsons reckons there’s a 400 million tonne mineral resource waiting.

HIO now gains full control of the gig, after the minority shareholder’s failure to meet its share of cash calls since November.

“The $10m sale price really represents a full reimbursement of their contributed capital, as well as a modest premium which partly recognises potential upside value foregone,” executive chairman Bryan Granzien says.

Executive chairman Bryan Granzien at least was pleased:

“Starlight has not been paying their cash calls which we are paying and will have to continue to, so this does involve some additional cost, but we see the true value as significantly more than the $10m we are paying.

“No doubt, removing this potential complication at the joint venture level, opens all avenues for the company to move forward, including the consideration of high-quality joint venture partners later if, or when, we wish to.”

Shares in Hawsons are down over 7%.

ANNOUNCEMENTS YOU MAY HAVE MISSED

Corella Resources (ASX:CR9) has announced metallurgical results confirmed by a potential offtake partner for its Tampu Kaolin project in WA confirms its outstanding quality and purity. Assay results includes 37.3% Al2O3, 0.19% Fe2O3, 0.05% TiO2, 0.07% Na2O, 0.20% K2O High yield of 57.2% (-45µm) with spectacular calcined brightness (ISO) of 90.8%.

Corella Resources Managing Director Tony Cormack said the company would now advance discussions with potential offtake partners across a variety of specialised high value products.

“Whilst we remain focussed on developing our HPA strategy, in the interim we will assess opportunities to supply other markets with shorter lead times to revenue via several different high value product streams,” he said.

It’s better news Austal (ASX:ASB) today with the ship builder’s share price up ~1.41% to ~$1.80 after delivering the first of six Evolved Cape-class Patrol Boats to the Royal Australian Navy.

The vessel, named ADV Cape Otway, was officially accepted and named by Minister for Defence Peter Dutton at a ceremony at Austal’s shipyard in Henderson, Western Australia.

Shares in Austal fell hard yesterday when the company revealed a potential deal with the Philippines Navy to construct its offshore patrol vessels (OPVs) had sunk.

Western Australian wealth manager Euroz Hartley Group (ASX:EZL) has appointed Tim Bunney as managing director of its 100% owned subsidiary Euroz Hartleys Group.

Bunney joined Euroz Hartley Securities in 2010 and was appointed a director in 2017. He takes over from Rob Black who has been appointed head of Equity Capital Markets Syndication.

Black will remain as an institutional sales advisor and continue as director on the Euroz Harley’s Limited and Euroz Hartley Group Limited boards.

NickelSearch (ASX:NIS) has announced multiple high-priority targets have been identified from preliminary analysis of the high-resolution helicopter-born time domain EM and magnetic survey covering all the Carlinup Nickel Project in Western Australia.

13 EM targets have been identified along the Carlingup Trend that hosts four nickel sulphide deposits and a further 16 EM targets have been generated along the under explored Ravensthorpe Range Trend.

TRADING HALTS

Westar Resources (ASX:WSR) – trading halt, pending an announcement regarding a material capital raise.

Invictus Energy Ltd (ASX:IVZ) – trading halt, pending an update in relation to an agreement with the Government of the Republic of Zimbabwe, relating to the Company’s SG 4571 Permit

3D Metalforge (ASX:3MF) – trading halt at the request of 3MF, pending an announcement regarding a material capital raise.

Tempest Minerals (ASX:TEM) – trading halt, pending an announcement by the Company regarding exploration results from the Meleya Project.

Desert Metals Limited (ASX:DM1) – trading halt, pending a capital raise.

Gascoyne Resources  (ASX: GCY) – trading halt, ‘for the purpose of considering, planning and executing a capital raising.’

Image Resources NL (ASX:IMA) – trading halt, pending an announcement regarding the outcome of a general meeting of shareholders to consider the composition of Image’s board of directors.

YPB Group Limited (ASX:YPB) – trading halt for the purposes of considering, planning and executing a capital raising.

Aston Minerals Limited (ASX: ASO) – trading halt, pending an announcement regarding a capital raising.

Infinity Mining Limited (ASX: IMI) – trading halt, pending material announcement regarding it’s project.

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