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Rise and Shine: Everything you need to know about the ASX on Monday
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It’s Monday on Stockhead.
To catch you up:
The ASX/200 fell again on Friday, making it a straight flush of retreats for the week. The benchmark did however, close April out ahead.
An explosive week lies ahead for global markets, featuring central bank decisions at home in the States, in Brazil and for the EU.
Economists expect The Fed to raise one last time, but they know nothing, do they Jon Snow?
Meantime, worldwide nickel exploration hit a decade high last year and it looks like M&A action is in the post with some mega pre-development resources outside the go to spots in Chinese-backed Indonesia.
But first the day ahead.
TRADING HALTS
The following stocks went into trading halts Monday and are expected out in the coming days:
Alice Queen (ASX:AQX) – Capital raising
Coolabah Metals (ASX:CBH) – Capital raising and acquisition
Riedel Resources (ASX:RIE)– Capital raising
Vanadium Resources (ASX:VR8) – Pending announcement on increase in Steelpoordrift Vanadium Project interest
Alliance Nickel – (ASX:AXN) – Pending announcement on material transaction
WA1 Resources (ASX:WA1) – Release of exploration results
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 Europe… and in the Mid East.
With due diligence wrapped up, European Lithium says it is targeting a JV agreement with Obeikan Investment Group before May 31 for the co-development of a hydroxide plant in Saudi.https://t.co/9nR8AfEj9f #ad #ASX $EUR @EuropeanLithium
— Stockhead (@StockheadAU) April 28, 2023
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.
For all you crypto lovers Stockhead’s Coinhead Twitter is the place to share your views, insights, tips and ideas.
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 |
|---|---|---|---|---|---|
| GGX | Gas2Grid Limited | 0.0015 | 50% | 1,375,000 | $4,077,102 |
| MP1 | Megaport Limited | 5.62 | 41% | 11,732,407 | $630,525,928 |
| CLE | Cyclone Metals | 0.002 | 33% | 500,000 | $13,623,972 |
| GCR | Golden Cross | 0.004 | 33% | 117,010 | $3,291,768 |
| LNU | Linius Tech Limited | 0.004 | 33% | 12,332,634 | $9,689,239 |
| RLC | Reedy Lagoon Corp | 0.008 | 33% | 9,699,674 | $3,400,318 |
| HT8 | Harris Technology Gl | 0.02 | 33% | 155,421 | $4,474,432 |
| ROO | Roots Sustainable | 0.012 | 33% | 733,404 | $779,416 |
| TRT | Todd River Res Ltd | 0.015 | 25% | 604,638 | $7,818,570 |
| VTX | Vertexmin | 0.125 | 25% | 25,571 | $4,572,500 |
| AYT | Austin Metals Ltd | 0.005 | 25% | 4,560,975 | $4,063,499 |
| CAV | Carnavale Resources | 0.0025 | 25% | 1,813,060 | $5,467,103 |
| NES | Nelson Resources | 0.005 | 25% | 592,093 | $2,354,377 |
| CUF | Cufe Ltd | 0.016 | 23% | 625,960 | $12,559,461 |
| COD | Coda Minerals Ltd | 0.295 | 23% | 1,101,669 | $34,031,460 |
| WFL | Wellfully Limited | 0.011 | 22% | 293,121 | $4,436,497 |
| MMC | Mitre Mining | 0.33 | 22% | 268,672 | $10,323,477 |
| ENA | Ensurance Ltd | 0.235 | 21% | 160,234 | $17,610,438 |
| BTC | BTC Health Ltd | 0.018 | 20% | 451,636 | $4,227,695 |
| FFG | Fatfish Group | 0.018 | 20% | 5,451,249 | $15,545,698 |
| LRV | Larvottoresources | 0.33 | 20% | 2,750,322 | $18,495,049 |
| AVE | Avecho Biotech Ltd | 0.006 | 20% | 1,798,431 | $9,189,347 |
| OAU | Ora Gold Limited | 0.003 | 20% | 400,000 | $9,842,313 |
| WEL | Winchester Energy | 0.006 | 20% | 1,464,520 | $5,102,110 |
Megaport (ASX:MP1) was the standout. Up 40%.
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 |
|---|---|---|---|---|---|
| MTB | Mount Burgess Mining | 0.002 | -33% | 743 | $2,649,513 |
| FAU | First Au Ltd | 0.004 | -27% | 25,021,388 | $6,021,308 |
| AHN | Athena Resources | 0.003 | -25% | 449,884 | $4,281,870 |
| LRL | Labyrinth Resources | 0.012 | -20% | 2,422,083 | $14,392,310 |
| KNM | Kneomedia Limited | 0.008 | -20% | 615,749 | $15,047,853 |
| MCT | Metalicity Limited | 0.002 | -20% | 298,160 | $8,761,348 |
| AN1 | Anagenics Limited | 0.021 | -19% | 108,365 | $9,506,119 |
| ATV | Active Port Group | 0.15 | -17% | 431,986 | $31,780,337 |
| RML | Resolution Minerals | 0.005 | -17% | 495,000 | $6,478,477 |
| SRX | Sierra Rutile | 0.2225 | -16% | 36,374,629 | $112,422,658 |
| SNX | Sierra Nevada Gold | 0.21 | -16% | 65,558 | $10,406,966 |
| KNB | Koonenberry Gold | 0.042 | -16% | 2,201 | $3,787,822 |
| NCL | Netccentric Ltd | 0.05 | -15% | 41,817 | $16,697,688 |
| OPA | Optima Technology | 0.017 | -15% | 334,939 | $4,969,516 |
| SRN | Surefire Rescs NL | 0.017 | -15% | 17,759,630 | $31,627,270 |
| TAR | Taruga Minerals | 0.017 | -15% | 1,554,451 | $14,120,536 |
| NGY | Nuenergy Gas Ltd | 0.029 | -15% | 389,071 | $50,352,487 |
| PNT | Panther Metals | 0.09 | -14% | 407,470 | $3,228,750 |
| ADY | Admiralty Resources | 0.006 | -14% | 2,620,006 | $9,125,054 |
| BPP | Babylon Pump & Power | 0.006 | -14% | 50,000 | $17,204,399 |
| OAR | OAR Resources Ltd | 0.003 | -14% | 2,250,000 | $8,438,633 |
| WSP | Whispir Limited | 0.32 | -14% | 651,578 | $43,731,252 |
| HFY | Hubify Ltd | 0.026 | -13% | 75,362 | $14,884,089 |
| DEM | De.Mem Ltd | 0.135 | -13% | 94,763 | $37,943,115 |
| CPT | Cipherpoint Limited | 0.007 | -13% | 3,210,963 | $9,273,934 |
Law firm Slater & Gordon (ASX:SGH) checked out and officially delisted from the ASX after close of trade Friday following the acquisition of its remaining securities by Wright Nominee Co Pty Ltd, a wholly owned subsidiary of Allegro Funds Pty Ltd.
The board of SGH unanimously backed a takeover offer from Sydney-based Allegro Funds in February that saw it acquire 100% of the company for ~$78 million.
Under the off-market takeover offer, shareholders receive 55 cents per share held based on the 141 million shares currently on issue, the majority of which were held by a consortium led by Anchorage Capital Partners.
