Rise and Shine: Everything you need to know before the ASX opens

On Stockhead today, Bev reckons this local oil and gas name’s been running on silent and is ready to fire all torpedoes.

Nadine makes the case for The Small Cap as ETF.

Em’s been up all week tracking an odd bunch of local IPOs, and when even Chief Sustainability Officers admit to having trust issues with  carbon credits, Jess is always there to say: Hey. Fellas, c’mon.

We’ve got UBS, China and a heap of rocks, some metals. And Gregor.

But first, the day ahead.

TRADING HALTS

These companies were in a trading halt at the end of the last session:

Nickel Industries (ASX:NIC) – Material acquisition and capital raising.

Bio-Gene Technology (ASX:BGT) – BGT needs some time to finalise, and prepare an appropriate announcement regarding, a new commercial arrangement.

Imdex (ASX:IMD) – Capital raising

Sunshine Gold (ASX:SHN) – Announcement to the market incoming about a farm-in and joint venture agreement on a new project.

Mayfield Childcare (ASX:MFD) – Halt called pending the release of an announcement concerning a Non‐Binding Indicative Proposal previously received by the Company.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1920.29 (+1.24%)

Silver: $US24.26 (-2.04%)

Nickel (3mth): $US21,900/t (-0.85%)

Copper (3mth): $US7,850/t (+2.98%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, DEC 28): $US82,075/t (+114.4% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, DEC 28): $US80,650/t (+164.4% year-to-date)

Oil (WTI): $US79.86 (+1.9%)

Oil (Brent): $US85.28  (+1.5%)

Iron 62pc Fe: $US127.00 (+2.42%)

AUD/USD: 0.6976 (+0.06%)

Bitcoin: $US20,863 (+5.31%)

WHAT PULLED A FEW EYEBALLS OUT ON TWITTER

Ah. Anything featuring a LowLuxe.

Eye on #Lithium: #Electric Landcruisers, HiLuxes head for mine-sites; @Allkemltd just reported a gross cash margin up to 90% for the December quarter https://t.co/xHLxP6uVRm @seaelectricev #MEVCO #ASX

— Stockhead (@StockheadAU) January 18, 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:

Riedel Resources (ASX:RIE) a standout after it dropped news which sent its share price into orbit, up around +100%  before settling down to a still-decent +50% at the close.

It all went bonkers there for a while, though, after Riedel revealed the first assays from its diamond drill program from Kingman Gold Project, USA – and the news is good.

Multiple high-grade gold results seen in shallow holes have confirmed earlier RC drilling results, and that Reidel is sitting on a chunky gold deposit, within arm’s reach of surface.

Magmatic Resources (ASX:MAG), surged late in trade to finish the day more than 30% up.

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:

Art marketplace Redbubble (ASX:RBL), has behaved true to form by announcing its quarterly results, down 12% despite a 3% increase in Marketplace Revenue.