On Stockhead today, good REEs/bad REEs, we need to talk about energy storage, and three copper juniors with a potentially bright 2023 ahead.
But first, the day ahead.
WHO’S LISTING?
Listing: 12pm AEST
IPO: $10m at 20c per share
Hot on the heels of Patriot Battery Metals’ (ASX:PMT) red hot debut is PAT, another lithium explorer focused on North America.
Patriot will list with three US hard rock projects; Keystone (South Dakota) and Tinton West (South Dakota/Wyoming) in the Black Hills district, and Wickenburg in Arizona.
Keystone is down the road from the historic Etta mine, an important global lithium source between 1898 and 1960.
At times, it was the main source of spodumene in the world and yielded the largest (up to 14m long) spodumene crystals ever mined.
TRADING HALTS
The following stocks went into trading halts yesterday and are expected out in the coming days:
Flynn Gold (ASX:FG1) – material exploration results
Kincora Copper (ASX:KCC) – capital raising
Douugh (ASX:DOU) – capital raising
Meteoric Resources (ASX:MEI) – material acquisition
New World Resources (ASX:NWC) – capital raising
Anova Metals (ASX:AWV) – capital raising
Pivotal Metals (ASX:PVT) – capital raising
Highfield Resources (ASX:HFR) – capital raising
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,785.11 (-0.06%)
Silver: $US22.67 (-0.22%)
Nickel (3mth): $US29,271/t (+2.06%)
Copper (3mth): $US8,421.50/t (+0.36%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, DEC 7): $US81,375/t (+0.0% weekly, +127.6% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, DEC 7): $US80,725/t (+0.0% weekly, +171.4% year-to-date)
Oil (WTI): $US73.02 (+1.41%)
Oil (Brent): $US77.85 (+0.89%)
Iron 62pc Fe: $US107.50 (-1.83%)
AUD/USD: 0.6725 (+0.03%)
Bitcoin: $US16,811 (-0.14%)
WHAT GOT YOU TALKING YESTERDAY?
Lithium prices in China continued to climb in the first half of November before stabilising in the latter half, as rumours swirled that downstream battery supply chain players would limit production for the rest of 2022.
This resulted in an overall (and still very respectable) 4.9% month-on-month increase in Benchmark Mineral Intelligence’s Lithium Price Index.
What commodities are going to run hot in 2023? We ask 6 experts for their predictions (and some ASX stock picks).
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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 |
|---|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.0015 | 50% | 2,513,865 | $23,693,441 |
| PMT | Patriotbatterymetals | 1.795 | 41% | 5,145,577 | $8,925,000 |
| GMN | Gold Mountain Ltd | 0.011 | 38% | 13,977,305 | $12,625,193 |
| CCE | Carnegie Cln Energy | 0.002 | 33% | 744,948 | $23,463,861 |
| CT1 | Constellation Tech | 0.004 | 33% | 150,747 | $4,413,601 |
| MTB | Mount Burgess Mining | 0.004 | 33% | 945,000 | $2,577,513 |
| NTL | New Talisman Gold | 0.002 | 33% | 5,310,472 | $4,690,838 |
| SIT | Site Group Int Ltd | 0.004 | 33% | 46,500 | $3,153,735 |
| AHN | Athena Resources | 0.01 | 33% | 17,202,236 | $6,528,507 |
| CYQ | Cycliq Group Ltd | 0.009 | 29% | 1,459,736 | $2,432,617 |
| CZN | Corazon Ltd | 0.027 | 29% | 22,269,035 | $12,816,942 |
| SGA | Sarytogan | 0.5 | 28% | 7,552,502 | $24,065,786 |
| IBX | Imagion Biosys Ltd | 0.032 | 28% | 25,006,590 | $28,032,963 |
| ROG | Red Sky Energy. | 0.005 | 25% | 12,768,763 | $21,208,909 |
| LLI | Loyal Lithium Ltd | 0.59 | 23% | 1,571,245 | $22,435,200 |
| CUF | Cufe Ltd | 0.017 | 21% | 2,074,562 | $13,525,573 |
| KNG | Kingsland Minerals | 0.17 | 21% | 15,271 | $3,600,078 |
| BIO | Biome Australia Ltd | 0.078 | 20% | 108,232 | $10,435,770 |
| OXX | Octanex Ltd | 0.006 | 20% | 298,251 | $1,294,888 |
| A1G | African Gold Ltd. | 0.095 | 19% | 134,574 | $12,278,216 |
| MBH | Maggie Beer Holdings | 0.255 | 19% | 98,594 | $75,774,583 |
| MLS | Metals Australia | 0.052 | 18% | 7,429,791 | $26,709,592 |
| BRX | Belararoxlimited | 0.35 | 18% | 522,629 | $11,432,931 |
| AFL | Af Legal Group Ltd | 0.175 | 17% | 36,140 | $11,480,463 |
The biggest winner was Ken Brinsden’s Patriot Battery Metals (ASX:PMT) for the second day running.
The dual listee is now trading up a tidy 203% from its ASX listing price of $0.60.
Smart camera manufacturer Cycliq Group (ASX:CYQ) announced $1,296,000 revenue in November off the back of its newly launched Fly12 Sport product.
Biotech Imagion Biosystems (ASX:IBX) presented positive interim study results for the first time at a breast cancer meeting in San Antonio.
“Analysis of the first cohort of six patients suggests that the molecular signature of the MagSense imaging agent, when used with conventional MRI could help discriminate potentially cancerous nodes from normal nodes,” the company says.
And Corazon (ASX:CZN) has discovered spodumene (lithium) bearing pegmatite at the Miriam project in WA’s Goldfields region.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Here are the worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| WOODA | Wooboard Tech Ltd | 0.008 | -60% | 1,086,356 | $4,391,394 |
| WBE | Whitebark Energy | 0.001 | -33% | 8,518,118 | $9,697,329 |
| CLE | Cyclone Metals | 0.0015 | -25% | 5,000,000 | $12,233,474 |
| AVE | Avecho Biotech Ltd | 0.007 | -22% | 485,008 | $16,540,824 |
| DOW | Downer EDI Limited | 3.8 | -21% | 26,287,004 | $3,224,637,062 |
| WIN | Widgienickellimited | 0.405 | -21% | 4,706,612 | $128,016,542 |
| ADR | Adherium Ltd | 0.004 | -20% | 1,005,971 | $23,875,978 |
| TKL | Traka Resources | 0.005 | -17% | 48,863 | $4,132,647 |
| ZAG | Zuleika Gold Ltd | 0.02 | -17% | 31,615 | $12,517,215 |
| GLH | Global Health Ltd | 0.22 | -15% | 2,500 | $15,080,879 |
| GTG | Genetic Technologies | 0.003 | -14% | 29,662,301 | $32,318,878 |
| HFY | Hubify Ltd | 0.03 | -14% | 50,000 | $17,364,770 |
| IS3 | I Synergy Group Ltd | 0.032 | -14% | 42,499 | $10,378,831 |
| OLL | Openlearning | 0.026 | -13% | 173,840 | $8,036,072 |
| BXN | Bioxyne Ltd | 0.02 | -13% | 55,000 | $15,309,844 |
| AUK | Aumake Limited | 0.0035 | -13% | 50,000 | $3,485,788 |
| GCR | Golden Cross | 0.007 | -13% | 72,142 | $8,778,049 |
| MTH | Mithril Resources | 0.0035 | -13% | 5,183,981 | $11,760,932 |
| ROC | Rocketboots | 0.092 | -12% | 30,000 | $3,333,750 |
| VSR | Voltaic Strategic | 0.029 | -12% | 10,769,387 | $10,112,211 |
| CVL | Civmec Limited | 0.55 | -12% | 15,897 | $150,931,923 |
| EPM | Eclipse Metals | 0.015 | -12% | 2,641,507 | $34,412,366 |
| SP3 | Specturltd | 0.03 | -12% | 536,188 | $6,526,350 |
| TTI | Traffic Technologies | 0.015 | -12% | 708,010 | $12,276,893 |