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Rise and Shine: Everything you need to know about the ASX on Friday
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It’s Friday on Stockhead.
To catch you up:
The ASX benchmark made it five straight retreats ending -0.3% lower at the close. Utilities and telcos made meagre gains, but even the ASX goldies couldn’t put a shine on, the XGD Gold index closing -0.2% down.
US stocks rose overnight, huddling round the warmth of a double digit gains for Meta Platforms (META) after The Zuckerberg delivered more strong quarterly results.
The ASX copper miners rounded off a massive day of March production results on Wednesday, with Jervois and Nickel Industries grabbing all the headlines, but a lot more was happening backstage, Josh Chiat reports.
But first the day ahead.
TRADING HALTS
The following stocks went into trading halts and are expected out in the coming days:
Akora Resources (ASX:AKO) – Capital raising.
Mako Gold (ASX:MKG) – Capital raising.
Fatfish Group (ASX:FFG) – Capital raising.
Killi Resources (ASX:KLI) – Capital raising.
QMines (ASX:QML) – Equity raising.
Emyria (ASX:EMD) – Placement announcement.
Omnia Metals (ASX:OM1) – Capital raising.
Legend Mining (ASX:LEG) – Fund raising.
RareX (ASX:REE) – Resource upgrade for its Cummins Range project.
Resource Base (ASX:RBX) – Capital raising.
Peak Rare Earths (ASX:PEK) – Capital raising.
Tymlez Group (ASX:TYM) – Application to be removed from the official list of ASX.
Mayur Resources (ASX: MRL) – Financing proposal.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1983.53 (-0.34%)
Silver: $US24.01 (-0.25%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US74.48 (+0.55%)
Oil (Brent): $US78.11 (+0.24%)
Iron 62pc Fe: $US107.50/t (-0.94%)
AUD/USD: 0.6610 (+0.14%)
Bitcoin: $US29,100 (+0.24%)
WHAT GOT YOU TALKING?
Australian lithium in Nevada…
Astro will soon have a better idea of what is present at its Polaris and Altair lithium-clay projects in Nevada – one of the world’s ‘hot spots’ for lithium exploration – with a maiden aircore drilling now underway.https://t.co/hrhXaKYg9L #ad #ASX $ARO @AstroRes
— Stockhead (@StockheadAU) April 26, 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.
ASX SMALL CAP LEADERS
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 |
|---|---|---|---|---|---|
| SIT | Site Group Int Ltd | 0.005 | 67% | 23,537,832 | $3,903,735 |
| FFT | Future First Tech | 0.03 | 67% | 2,241,076 | $12,777,058 |
| AXP | AXP Energy Ltd | 0.003 | 50% | 197,026 | $11,649,361 |
| EZZ | EZZ Life Science | 0.59 | 46% | 600,333 | $17,295,525 |
| MDI | Middle Island Res | 0.043 | 34% | 32,117 | $3,917,383 |
| MRQ | Mrg Metals Limited | 0.004 | 33% | 250,100 | $5,957,756 |
| OLL | Openlearning | 0.033 | 27% | 210,862 | $6,964,596 |
| AVE | Avecho Biotech Ltd | 0.005 | 25% | 3,897,164 | $7,351,477 |
| RDS | Redstone Resources | 0.011 | 22% | 2,231,612 | $6,631,492 |
| AM7 | Arcadia Minerals | 0.22 | 22% | 227,010 | $8,405,621 |
| BKL | Blackmores Limited | 93.79 | 22% | 570,943 | $1,493,614,262 |
| A3D | Aurora Labs Limited | 0.023 | 21% | 697,329 | $4,670,353 |
| JRV | Jervois Global Ltd | 0.105 | 21% | 19,918,249 | $180,944,346 |
| SYM | Symbio Holdings Ltd | 2.02 | 21% | 1,158,199 | $142,346,987 |
| ATV | Activeportgroupltd | 0.18 | 20% | 35,962 | $26,434,348 |
| CMX | Chemxmaterials | 0.12 | 20% | 88,114 | $5,066,113 |
| STK | Strickland Metals | 0.043 | 19% | 1,134,141 | $55,977,915 |
| BPP | Babylon Pump & Power | 0.007 | 17% | 250,000 | $14,746,628 |
| LNU | Linius Tech Limited | 0.0035 | 17% | 70,751,518 | $9,689,239 |
| XST | Xstate Resources | 0.014 | 17% | 918,466 | $3,858,230 |
| OMA | Omegaoilgaslimited | 0.26 | 16% | 11,010,551 | $34,407,932 |
| ANR | Anatara Ls Ltd | 0.03 | 15% | 50,000 | $3,118,024 |
| HT8 | Harris Technology Gl | 0.015 | 15% | 359,513 | $3,877,841 |
| LRL | Labyrinth Resources | 0.015 | 15% | 109,257 | $12,473,335 |
| GSN | Great Southern | 0.023 | 15% | 1,218,166 | $13,270,140 |
Future First Technologies (ASX:FFT) up 66.7% due to the company dropping a pearler of a quarterly, with highlights that include:
- 9% increase YTD in Annual Recurring License Revenue (ARR): $3.0m
- 64% increase on FY22 Q3 Total Revenue: $1,054k
- 49% increase on FY22 Q3 Licensing Revenue: $675k
- 40% increase on FY23 Q2 Closing Cash Balance: $835k
- 56% decrease on FY22 Q3 Operating Expenses: $1,254k
EZZ Life Science (ASX:EZZ), closed out the session up 38% on strong results.
EZZ’s operating cash flows increased by a massive 371% over the previous quarter to $2.8m, leaving the company in a strong cash position at $12.3 million, an increase of about $2.7 million compared to the previous quarter.
Micro Capper Linius Tech (ASX:LNU) bumped out a 33% surge on a massive volume spike, after announcing a deal that will see its Whizzard product used in the IMG Replay service, “virtualising the entire IMG Replay archive to make it more searchable and usable”.
IMG Replay represents the fourth new client signed by LNU in the past five months and is the largest contract to date. The new customer for Linius Tech is a licensing and video clip production platform, that appears to specialise in historic sporting event footage.
TODAY’S ASX SMALL CAP LAGGARDS
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 |
|---|---|---|---|---|---|
| HHI | Health House Int Ltd | 0.0055 | -39% | 4,890,230 | $1,604,022 |
| CCE | Carnegie Cln Energy | 0.001 | -33% | 4,579,475 | $23,463,861 |
| GNM | Great Northern | 0.002 | -33% | 26,399,999 | $5,127,153 |
| MEB | Medibio Limited | 0.001 | -33% | 333,333 | $6,225,891 |
| TIG | Tigers Realm Coal | 0.007 | -30% | 39,345,554 | $130,667,024 |
| DRA | DRA Global Limited | 1.53 | -27% | 4,332 | $114,315,100 |
| GLH | Global Health Ltd | 0.155 | -23% | 4,125 | $11,600,676 |
| WCN | White Cliff Min Ltd | 0.007 | -22% | 2,387,349 | $8,631,490 |
| AGR | Aguia Res Ltd | 0.039 | -22% | 541,174 | $21,692,713 |
| AUK | Aumake Limited | 0.004 | -20% | 4,385,583 | $5,258,901 |
| CAV | Carnavale Resources | 0.002 | -20% | 125,000 | $6,833,879 |
| GLE | GLG Corp Ltd | 0.225 | -20% | 19,286 | $20,748,000 |
| PVS | Pivotal Systems | 0.009 | -18% | 3,662,220 | $2,750,156 |
| AUH | Austchina Holdings | 0.005 | -17% | 21,528 | $12,467,302 |
| IDA | Indiana Resources | 0.04 | -17% | 1,307,010 | $24,177,831 |
| MCT | Metalicity Limited | 0.0025 | -17% | 2,830,000 | $10,513,618 |
| OAU | Ora Gold Limited | 0.0025 | -17% | 20,000 | $11,810,775 |
| LRV | Larvottoresources | 0.275 | -15% | 3,201,013 | $21,857,785 |
| SKN | Skin Elements Ltd | 0.011 | -15% | 97,500 | $6,059,754 |
| CBL | Control Bionics | 0.14 | -15% | 76,021 | $14,929,040 |
| UNT | Unith Ltd | 0.028 | -15% | 9,419,831 | $29,397,658 |
| NXM | Nexus Minerals Ltd | 0.115 | -15% | 7,100,673 | $43,936,197 |
| 1ST | 1St Group Ltd | 0.006 | -14% | 4,224,160 | $9,474,733 |
| ERAR | Energy Resources | 0.006 | -14% | 12,579,550 | $129,198,412 |
| HCT | Holista CollTech Ltd | 0.012 | -14% | 1,233,792 | $3,903,201 |
