• Aussie market delivers a rock-solid mediocre effort
  • Koba Resources hits the jackpot by hammering some tent pegs into the dirt
  • Thank the heavens, not much has changed since lunchtime

 

It’s not been a record-breaker by any stretch of the imagination today, but it’s a pleasant enough result for Aussie markets, with the ASX 200 exiting Thursday on a 0.5% flourish and a promise to call us in the morning.

Financials was the laggard of the day among the sectors, with a weak showing 0.44% below where it began the day. Telcos also lost ground after the afternoon wore heavily on the sector, which sagged since lunchtime to close out 0.69% lower, and Utilities had its needle in the red, down 0.08%

On the positive side of the ledgers, investors were clearly digging the diggers, with Materials (+1.68%) and Energy (+2.37%) putting smiles on dials around the nation.

 

ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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The big news is, of course, Koba Resources (ASX:KOB), which announced that it’s staked a high-quality lithium-pegmatite project along strike from Canada’s fabulous Tanco Mine, where lithium reserves comprise 7.3Mt @ 2.76% Li2O1.

KOB’s Whitlock Project is also close to three other solid holes with lithium in them, which just added to the juice for investors willing to squeezing this morning.

The window to do so was very brief, though. KOB announced it had staked Whitlock shortly after 9:10am, it’s price went bananas-ballistic for 90 minutes, before trading was paused and eventually halted altogether by the company.

But in the short time, KOB climbed $0.15% to $0.26, 136.36% higher than it was at breakfast. Good Stuff.

Elsewhere, Norwest Minerals (ASX:NWM) continued on climbing from yesterday, putting on another 33.33% off the back of its project being down the road from WA1 Resources.

And speaking of WA1 – yesterday’s heroic winner defied dire predictions of a disastrous post-surge crash by putting on another 16.4% over the course of the day as the FOMO stragglers got in on the action they missed on Wednesday when the company had a better-than-400% gain.

 

ASX SMALL CAP LAGGARDS

Here are the least best performing ASX small cap stocks:

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LAST ORDERS

A couple of quickies this arvo – first one comes from Dimerix (ASX:DXB), which has let the ASX know that it’s been handed its R&D Tax Incentive rebate for the 2021/2022 financial year, amounting to a very tidy $6,032,858.40.

Thank You Mr Tax Man.

It’s a welcome addition to the warchest for Dimerix, as it continues to power on in its Phase 3 clinical study recruiting in FSGS kidney disease.

Meanwhile, moomoo’s gone Meta – not a sentence that I ever imagined I would write someday, but here we are…

The online trading platform has launched the ‘mooverse, a limited time opportunity for moomoo users to engage with each other in the metaverse, partake in quizzes, create their own avatar, and win potential prizes.

The company says that it’s the first foray into the metaverse for a FinTech platform in Australia, which has already seen more than 200,000 punters gettin’ digital and duking it out (mentally) in a series of financial literacy-based quizzes to win prizes, including a share in a US$200,000 stock cash coupon.

 

TRADING HALTS

Break out the bean bags and make sure you’re comfy – it’s time to talk Trading Halts and today, there are loads of ‘em.

Cobre (ASX:CBE) – Cobre’s got some new results from its Ngami Copper Project in the Kalahari Copper Belt in Botswana.

Red River Resources (ASX:RVR) – Material update from Thalanga Operations and news of a review of company finances.

Brightstar Resources (ASX:BTR) – Capital raise via a placement to sophisticated investors.

Eureka Group Holdings (ASX: EGH) – Capital raise and a material acquisition.

Argent Minerals (ASX:ARD) – Capital raise and a material acquisition.

Ookami (ASX:OOK) – Capital raise and a project acquisition.

Albion Resources (ASX:ALB) – Capital raise.

Polymetals Resources (ASX:POL) – Capital raise.

Emyria (ASX:EMD) – Capital raise.

Botanix Pharmaceuticals (ASX:BOT) – Capital raise.

EQ Resources (ASX:EQR) – Capital raise.

Okapi Resources (ASX:OKR) – Capital raise.