In Case You Missed It: Cannabis play leads by miles
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Stockhead’s In-Case-You-Missed-It highlights some of the strongest performing ASX stocks that might have slipped your notice today.
It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms.
Stocks highlighted in green have made market-moving announcements (click headings to sort).
|Code||Company||Price||% Today||Market Cap|
|GSM||Golden State Mining||0.051||70%||$3,510,426|
|ALM||Alma Metals Ltd||0.013||18%||$10,054,009|
|GMN||Gold Mountain Ltd||0.004||14%||$6,894,764|
|AYT||Austin Metals Ltd||0.005||11%||$4,571,436|
|SKN||Skin Elements Ltd||0.01||11%||$4,195,214|
|VTM||Victory Metals Ltd||0.22||10%||$13,311,339|
|WWI||West Wits Mining Ltd||0.013||8%||$26,916,207|
|ADX||ADX Energy Ltd||0.007||8%||$23,099,669|
|KGD||Kula Gold Limited||0.018||6%||$6,344,603|
|CPH||Creso Pharma Ltd||0.0095||6%||$23,106,142|
|IXR||Ionic Rare Earths||0.022||5%||$82,868,203|
|PEX||Peel Mining Limited||0.12||4%||$66,788,305|
|BNL||Blue Star Helium Ltd||0.025||4%||$38,068,081|
|ITM||Itech Minerals Ltd||0.26||4%||$29,233,391|
|STM||Sunstone Metals Ltd||0.027||4%||$80,131,607|
|OBM||Ora Banda Mining Ltd||0.14||4%||$217,503,930|
|MRR||Minrex Resources Ltd||0.0145||4%||$15,188,145|
|SPN||Sparc Tech Ltd||0.32||3%||$26,550,159|
|PSC||Prospect Res Ltd||0.1325||2%||$60,093,730|
|DEG||De Grey Mining||1.335||2%||$2,045,128,659|
|GLN||Galan Lithium Ltd||0.97||1%||$325,123,366|
Bumping resources out of top spot today was Zelira Therapeutics’ (ASX:ZLD), which announced that its diabetic nerve pain drug outperforms multi-billion dollar Big Pharma drug, Lyrica – achieving a significant reduction in NRS pain scores, indicating a decrease in symptom severity.
ZLT-L-007 was found to be safe and well-tolerated, meeting the primary endpoint for safety with no Serious Adverse Events (SAE). The study also met its secondary endpoints, including significant decreases in Visual Analog Scale (VAS) and Short-form McGill scores, among others.
The company plans to evaluate the further progression of ZLT-L-007 into formal FDA clinical trials.
“The results align perfectly with our strategy of generating scientifically rigorous and clinically validated data for our patent-protected proprietary cannabinoid-based drugs,” CEO Dr Oludare Odumosu said.
Solis Minerals (ASX:SLM) is buying the Jaguar lithium project in Brazil, where surface rock chip sampling has returned grades up to 4.95% Li2O.
There’s an extensive spodumene-rich pegmatite body mapped over 1km of strike, with widths of +50m, SLM says.
Drilling will kick off in June, with the company’s big buddy and major shareholder Latin Resources (ASX:LRS) to provide “exploration guidance and country experience.”
After four months of cost cuts, Betmakers Technology (ASX:BET) said staff and operating overheads are expected to reduce from $91.5m (H1 FY23) to approximately $70m. The reduction in cost is primarily driven by restructuring of global operations and technology.
Azure Minerals (ASX:AZS) has picked up the pace of lithium drilling at its Andover project in Western Australia’s West Pilbara region after two rigs started drilling reverse circulation holes as part of its initial 40,000m drill program.
Plus, they plan to mobilise another couple of RC rigs (depending on availability) to speed up the step-out drilling.
It’s almost summer time in Canada, and with nuclear sentiment on the rise, Basin Energy (ASX:BSN) is gearing up to mobilise for a 2,000m diamond drilling program at its Geikie uranium project.
And Dynamic Metals (ASX:DYM) has nabbed three exploration licences within the Widgiemooltha Project, providing an additional 220km2 of highly prospective land for lithium, nickel and gold exploration.
At Stockhead we tell it like it is. While Azure Minerals, Basin Energy and Dynamic Metals are Stockhead advertisers, they did not sponsor this article.