On Stockhead today, is it time to love these sold-off iron ore stocks again, is Magellan doomed to life all at sea, and are you wearing appropriate bathing attire?

But first, the day ahead.

 

TRADING HALTS

The following companies went into trading halts yesterday and are expected out in the next few days:

Classic Minerals (ASX:CLZ) – Government approval for the Kat Gap processing plant

Globe Metals & Mining (ASX:GBE) – Capital raise

Orbital Corporation (ASX:OEC) – Capital raise

South Harz Potash (ASX:SHP) – Capital raise

WA1 Resources (ASX:WA1) – More results on the way

Magmatic Resources (ASX:MAG) – Capital raise

Southern Gold (ASX:SAU) – Capital raise

The GO2 People (ASX:GO2) – Capital raise

Zenith Minerals (ASX:ZNC) – “Significant lithium drill results” on the way from its Split Rocks project

Burley Minerals (ASX:BUR) – Acquisition

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,757.89 (-0.74%)

Silver: $US21.45 (-1.02%)

Nickel (3mth): $US25,949/t (+5.11%)

Copper (3mth): $US8,492.5/t (+2.67%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 9): $US76,025/t (+1.7% weekly, +125.8% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 9): $US75,275/t (+1.9% weekly, +169.2% year-to-date)

Oil (WTI): $US87.77 (-1.33%)

Oil (Brent): $US95.16 (-0.89%)

Iron 62pc Fe: $US93.50 (+4.47%)

AUD/USD: 0.6676 (-0.46%)

Bitcoin: $US16,738.00 (+2.22%)

 

WHAT GOT YOU TALKING YESTERDAY?

Iron ore prices have surged on the back of some early signs that China will wind back its regressive Covid containment policies, which have cruelled demand for metals in 2022.

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 Facebook group 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.

 

YESTERDAY’S 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
ICN Icon Energy Limited 0.012 71% 2,825,873 $5,376,096
ANL Amani Gold Ltd 0.0015 50% 279,986 $23,693,441
TCG Turaco Gold Limited 0.068 39% 318,293 $20,958,117
IVZ Invictus Energy Ltd 0.33 38% 66,493,715 $210,326,062
TMB Tambourah Metals 0.205 32% 11,267,335 $6,384,853
NGY Nuenergy Gas Ltd 0.021 31% 1,254,003 $23,695,288
LDX Lumos Diagnostics 0.05 25% 844,289 $8,396,258
AQX Alice Queen Ltd 0.0025 25% 491,000 $4,400,500
AUK Aumake Limited 0.005 25% 19,618,788 $3,085,788
DW8 DW8 Limited 0.0025 25% 1,769,312 $5,903,045
GMN Gold Mountain Ltd 0.01 25% 13,689,153 $11,865,193
PVE Po Valley Energy Ltd 0.068 24% 577,330 $63,102,889
CUL Cullen Resources 0.016 23% 862,326 $6,339,115
RIE Riedel Resources Ltd 0.011 22% 359,250 $11,985,364
EMH European Metals Hldg 0.95 22% 181,147 $92,881,841
NET Netlinkz Limited 0.034 21% 13,369,872 $91,669,472
SPT Splitit 0.15 20% 4,833,206 $66,501,694
BPP Babylon Pump & Power 0.006 20% 1,933,993 $12,288,857
DDT DataDot Technology 0.006 20% 572,314 $6,219,347
SIS Simble Solutions 0.013 18% 590,948 $4,700,661
WC1 West Cobar Metals 0.23 18% 325,769 $13,601,265
GGE Grand Gulf Energy 0.02 18% 5,738,684 $26,292,381
G50 Gold50Limited 0.2 18% 128,452 $9,680,310
BBX BBX Minerals Ltd 0.076 17% 2,622,433 $31,636,896
TYM Tymlez Group 0.021 17% 1,401,948 $17,808,573
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The chances of a major discovery are increasing after Invictus Energy (ASX:IVZ) hit elevated gas shows and fluorescence in its Upper Angwa primary target.

Rock chip sampling has uncovered lithium-prospective pegmatites over 8m high and 500m long at Tambourah Metals’ (ASX:TMB) RJ 101 project.

Green tech stock Tymlez (ASX: TYM) is raising $2m at an 11% premium “to pursue revenue-generating client contracts and continue the development of the company’s technology”.

Gold 50 (ASX:G50) is now drilling the “largely untested” Golconda project in Arizona.

Brazilian gold play BBX (ASX:BBX) has struggled with “complex” mineralisation at its Tres Estados and Ema precious metals projects for years.

The gold + PGEs mineralisation is weird, confusing and hard to assay and extract, leading to some tussles with the ASX.

But some initial bioleaching test results announced yesterday were a success, showing a significant increase in gold, platinum, palladium, iridium, and rhodium.

 

YESTERDAY’S ASX SMALL CAP LAGGARDS

Here are the least performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
ALY Alchemy Resource Ltd 0.029 -34% 87,948,650 $51,615,355
AO1 Assetowl Limited 0.001 -33% 10,000 $2,358,195
ARE Argonaut Resources 0.002 -33% 62,484,612 $19,085,614
GGX Gas2Grid Limited 0.001 -33% 10,491 $6,087,153
MEB Medibio Limited 0.001 -33% 200,000 $4,980,891
NZS New Zealand Coastal 0.003 -25% 1,501 $4,508,020
TD1 Tali Digital Limited 0.003 -25% 4,436,103 $4,930,522
TSC Twenty Seven Co. Ltd 0.0015 -25% 2,805,032 $10,643,256
AFA ASF Group Limited 0.04 -23% 1,721 $41,213,836
ELD Elders Limited 10.21 -23% 7,991,808 $2,073,314,606
CAU Cronos Australia 0.58 -23% 2,587,929 $416,110,482
NKL Nickelxltd 0.105 -22% 4,895,859 $10,569,441
FNX Finexia Financial 0.055 -20% 14,591 $11,185,390
GCR Golden Cross 0.008 -20% 46,056 $10,972,561
DUN Dundas Minerals 0.39 -18% 488,539 $19,116,019
NUC Nuchev Limited 0.185 -18% 30,445 $11,642,490
TGH Terragen 0.099 -18% 45,400 $23,282,308
GLV Global Oil & Gas 0.0025 -17% 821,683 $5,620,064
OAR OAR Resources Ltd 0.005 -17% 1,500 $13,266,227
LRL Labyrinth Resources 0.016 -16% 838,435 $16,593,968
AN1 Anagenics Limited 0.027 -16% 91,035 $7,072,682
8VI 8Vi Holdings Limited 0.71 -14% 100 $35,176,580
BTR Brightstar Resources 0.018 -14% 179,030 $15,130,450
CFO Cfoam Limited 0.003 -14% 395,736 $2,568,442
DVL Dorsavi Ltd 0.012 -14% 40,000 $6,090,087
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