Rise and Shine: Everything you need to know about the ASX before it opens
News
On Stockhead today, we’ve got all you need on the budget bottom line, the 5 stocks set to pop as lithium bottoms, some Small Industrials bottom bargains, and is iron ore flattering to deceive?
But first, the day ahead.
The following stocks went into trading halts and are expected out in the coming days:
SensOre (ASX:S3N) – Placement and share purchase plan.
Turaco Gold (ASX:TCG) – Capital raising.
PYC Therapeutics (ASX:PYC) – Capital raising.
Mount Ridley Mines (ASX:MRD) – Release of exploration results
Savannah Goldfields (ASX:SVG) – Capital raising
Cipherpoint (ASX:CPT) – Material customer contract
Wildcat Resources (ASX:WC8) – announcement in relation to negotiations status of a proposed conditional, significant transaction.
Gold: $US2041.53 (-0.12%)
Silver: $US25.55 (-0.14%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US68.58 (+0.01%)
Oil (Brent): $US782.51 (+0.32%)
Iron 62pc Fe: $US107.50/t (-0.94%)
AUD/USD: 0.6610 (+0.14%)
Bitcoin: $US29,156 (+2.24%)
Voltaic and the meatiest pegmatites this side of Hades…
Multiple, thick pegmatites have been intersected during maiden drilling at the Andrada prospect with widths of up to 58m of continuous pegmatite from surface. https://t.co/T9Q1QjiRCd #ad #ASX $VSR
— Stockhead (@StockheadAU) May 9, 2023
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Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code | Company | Price | % | Volume | Market Cap |
---|---|---|---|---|---|
VSR | Voltaic Strategic | 0.062 | 130% | 242,619,753 | $8,297,106 |
BEZ | Besragoldinc | 0.44 | 100% | 34,703,671 | $77,849,615 |
CHZ | Chesser Resources | 0.12 | 64% | 41,341,823 | $42,967,898 |
ODE | Odessa Minerals Ltd | 0.009 | 50% | 4,477,976 | $4,446,358 |
VPR | Volt Power Group | 0.0015 | 50% | 32,537 | $10,716,208 |
WBE | Whitebark Energy | 0.0015 | 50% | 6,839,999 | $7,339,661 |
ZEU | Zeus Resources Ltd | 0.02 | 43% | 11,557,099 | $6,136,200 |
HXG | Hexagon Energy | 0.015 | 36% | 1,046,289 | $5,642,075 |
CLE | Cyclone Metals | 0.002 | 33% | 1,948,001 | $13,633,872 |
AJQ | Armour Energy Ltd | 0.005 | 25% | 6,917,626 | $15,050,431 |
GNM | Great Northern | 0.0025 | 25% | 50,000 | $3,418,102 |
SCU | Stemcell United Ltd | 0.005 | 25% | 412,940 | $5,138,919 |
CPH | Creso Pharma Ltd | 0.016 | 23% | 39,157,970 | $27,781,529 |
YAR | Yari Minerals Ltd | 0.023 | 21% | 11,710,894 | $9,164,798 |
APL | Associate Global | 0.3 | 20% | 114,771 | $12,105,222 |
ERL | Empire Resources | 0.006 | 20% | 849,999 | $5,564,675 |
CG1 | Carbonxt Group | 0.066 | 20% | 357,362 | $15,141,438 |
RGS | Regeneus Ltd | 0.013 | 18% | 35,821 | $3,370,806 |
ORN | Orion Minerals Ltd | 0.02 | 18% | 3,339,010 | $92,917,933 |
WC8 | Wildcat Resources | 0.04 | 18% | 1,888,308 | $22,508,773 |
FAU | First Au Ltd | 0.0035 | 17% | 1,228,039 | $3,284,350 |
GMN | Gold Mountain Ltd | 0.0035 | 17% | 1,352,010 | $5,909,798 |
OAU | Ora Gold Limited | 0.0035 | 17% | 52,189,938 | $11,810,775 |
PAB | Patrys Limited | 0.014 | 17% | 5,588,235 | $24,687,221 |
WSR | Westar Resources | 0.036 | 16% | 424,668 | $2,860,951 |
Voltaic Strategic Resources (ASX:VSR) opens today some 188% from where it was a session previous.
Just six days after it got the drills spinning at its Ti Tree project in WA, the company says it has completed its first-pass exploration and things are looking very, very nice indeed.
Several meaty (up to ~60m thick) pegmatite bodies have been intercepted from surface and all targets remain open at depth.
The company says that confirmation of pegmatite continuity at depth significantly bolsters the Project’s prospectivity where >300 pegmatites have been mapped and <10% of the tenure explored to date.
Golden market darling Besra Gold (ASX:BEZ) jumped 89% on a binding gold purchase agreement for up to US$300 million with major shareholder Quantum Metal Recovery.
The agreement provides up to a US$300m deposit, to be paid over 30 months, against future gold production ounces, enabling Besra to fully fund production at its Bau gold project and the appraisal of other deposits within the Bau goldfield corridor.
Takeover target Chesser Resources (ASX:CHZ) climbed 64% on news of a binding proposal from TSX listed Fortuna Silver that will see Fortuna acquire 100% of the company.
Under the proposal Chesser shareholders will receive consideration of 0.0248 Fortuna shares per Chesser share, representing an implied value of $0.142 per Chesser share. At the close CHZ was sitting at $0.120 per share.
Here are the least best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code | Company | Price | % | Volume | Market Cap |
---|---|---|---|---|---|
SIX | Sprintex Ltd | 0.02 | -44% | 63,636 | $9,156,756 |
FGL | Frugl Group Limited | 0.007 | -30% | 80,000 | $7,648,496 |
ADR | Adherium Ltd | 0.003 | -25% | 14,176 | $19,985,753 |
MEB | Medibio Limited | 0.0015 | -25% | 17,175 | $8,301,188 |
MTL | Mantle Minerals Ltd | 0.0015 | -25% | 112,000 | $10,691,210 |
WEL | Winchester Energy | 0.003 | -25% | 468,979 | $4,081,688 |
NGS | NGS Ltd | 0.015 | -21% | 3,043,865 | $2,817,842 |
NVU | Nanoveu Limited | 0.028 | -20% | 1,101,792 | $13,557,152 |
AXP | AXP Energy Ltd | 0.002 | -20% | 6,000,000 | $14,561,702 |
CAV | Carnavale Resources | 0.002 | -20% | 2,634,938 | $6,833,879 |
CHK | Cohiba Min Ltd | 0.004 | -20% | 501,005 | $9,066,221 |
BGT | Bio-Gene Technology | 0.105 | -19% | 45,551 | $23,014,331 |
CBL | Control Bionics | 0.105 | -19% | 2,000 | $11,762,274 |
CBH | Coolabah Metals Limi | 0.097 | -19% | 2,936,631 | $4,536,000 |
AVE | Avecho Biotech Ltd | 0.0045 | -18% | 3,853,751 | $10,108,281 |
G6M | Group 6 Metals Ltd | 0.14 | -18% | 3,609,851 | $132,512,275 |
LME | Limeade Inc. | 0.17 | -17% | 28,529 | $52,693,508 |
EME | Energy Metals Ltd | 0.1 | -17% | 52,437 | $25,161,997 |
HAL | Halo Technologies | 0.125 | -17% | 11,321 | $19,424,282 |
EMU | EMU NL | 0.0025 | -17% | 2,000,000 | $4,350,064 |
MTH | Mithril Resources | 0.0025 | -17% | 5,681,667 | $9,789,271 |
ASW | Advanced Share Ltd | 0.13 | -16% | 16,725 | $29,978,205 |
BMG | BMG Resources Ltd | 0.011 | -15% | 719,900 | $5,017,892 |
ZMM | Zimi Ltd | 0.035 | -15% | 24,351 | $3,682,804 |
APS | Allup Silica Ltd | 0.05 | -15% | 50,000 | $2,270,149 |