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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today,
It’s Josh Vs. Elon.
The doctor is in and the ASX health sector gets a rude check up from Eddy S.
Did anyone note the madness that is Booktopia of late? Nadine asks if they’ve finally turned a page over there?
On the numbers front, the US Fed has gone dark ahead of its next big call while The President of the European Central Bank has spoken in the tongue of hawk, as expected.
At home, Judo Bank graces us with its maiden purchasing managers’ indexes; NAB drops its business survey; and we get weekly consumer confidence index.
Then tomorrow (pauses, drains whiskey) it’s our turn for the latest consumer price index (CPI). To paraphrase Pete: Hoo-ha.
But first, the day ahead.
TRADING HALTS
These companies are in them, or due to come out of them:
The Market Herald (ASX:TMH) – capital raising
Athena Resources (ASX:AHN) – capital raising
Okapi Resources (ASX:OKR) – announcement around a strategic investment
Gateway Mining (ASX:GML) – capital raising
Raiden Resources (ASX:RDN) – proposed asset disposal
Dreadnought (ASX:DRE) – pending exploration results
Laybuy Group (ASX:LBY) – application to be removed from the official list of ASX
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1913 (-0.95%)
Silver: $US23.91 (+0.36%)
Nickel (3mth): $US27,651/t (+4.40%)
Copper (3mth): $US9.342/t (+0.25%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 16): $US80,150/t (+0.1% weekly, +127.6% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 16): $US79,525/t (+0.1% weekly, +171.4% year-to-date)
Oil (WTI): $US82.18(+0.66%)
Oil (Brent): $US88.47 (+0.96%)
Iron 62pc Fe: $US122.16 (+0.31%)
AUD/USD: 0.697 (+0.12%)
Bitcoin: $US23,838 (+1.08%)
WHAT GOT YOU TALKING YESTERDAY?
Eye on #Lithium: Who needs #gridstorage? #EV #batteries could fill the gap https://t.co/7dFXxqLjDi #ASX $L1M $PNN $INF $AOU $GML $CRR $CUL $MPG
— Stockhead (@StockheadAU) January 23, 2023
Keep up to date with Stockhead coverage or you could 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.
ASX SMALL CAP LEADERS
Here were yesterday’s best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CNJ | Conico Ltd | 0.0185 | 106% | 180,321,471 | $13,094,713 |
| AYI | A1 Invest & Res Ltd | 0.002 | 100% | 4,855,729 | $18,421,946 |
| ICN | Icon Energy Limited | 0.014 | 75% | 7,962,720 | $6,144,109 |
| ANL | Amani Gold Ltd | 0.0015 | 50% | 1,050,000 | $24,693,441 |
| BKG | Booktopia Group | 0.275 | 34% | 1,076,587 | $28,158,656 |
| RBR | RBR Group Ltd | 0.004 | 33% | 4,164,126 | $4,220,214 |
| SZL | Sezzle Inc. | 0.715 | 32% | 4,762,794 | $111,598,937 |
| HT8 | Harris Technology Gl | 0.021 | 31% | 2,418,831 | $4,772,728 |
| PGD | Peregrine Gold | 0.585 | 30% | 438,466 | $17,438,350 |
| MEI | Meteoric Resources | 0.091 | 30% | 57,160,068 | $106,840,816 |
| ENX | Enegex Limited | 0.037 | 28% | 2,052,732 | $4,898,565 |
| RVT | Richmond Vanadium | 0.295 | 26% | 262,054 | $20,258,834 |
| DEM | De.Mem Ltd | 0.15 | 25% | 1,401,348 | $29,328,760 |
| LML | Lincoln Minerals | 0.022 | 22% | 12,313,377 | $10,349,706 |
| GSR | Greenstone Resources | 0.034 | 21% | 23,434,289 | $30,088,211 |
| LMLND | Lincoln Minerals | 0.017 | 21% | 3,567,751 | $11,220,694 |
| ZIP | ZIP Co Ltd.. | 0.825 | 21% | 29,878,066 | $520,448,788 |
| MLS | Metals Australia | 0.058 | 21% | 16,277,821 | $29,137,737 |
| KOB | Kobaresourceslimited | 0.18 | 20% | 1,471,102 | $11,400,000 |
| CPT | Cipherpoint Limited | 0.006 | 20% | 950,000 | $4,692,569 |
| LGP | Little Green Pharma | 0.215 | 19% | 467,812 | $47,773,489 |
| CR9 | Corellares | 0.033 | 18% | 1,621,123 | $8,850,545 |
| BMM | Balkanminingandmin | 0.375 | 16% | 137,841 | $14,438,975 |
| C1X | Cosmosexploration | 0.45 | 15% | 3,678,822 | $9,750,000 |
| EEL | Enrg Elements Ltd | 0.03 | 15% | 92,618 | $24,128,048 |
Cashing in was Conico (ASX:CNJ) who’s joint venture with Greenstone Resources (ASX:GSR) at Mt Thirsty in WA has returned “outstanding” new cobalt, nickel, and scandium drilling results, including 15m @ 0.45% Co, 0.91% Ni, 5.42% Mn and 40.9g/t Sc from 45m.
That’s the sixth best cobalt intercept in Australia for 2022, the JV reckons.
Booktopia (ASX:BKG) has released plans to deliver around $12-15 million of annualised improvements to its earnings (to be primarily realised in FY24) by improving margins, postage and advertising costs, reducing lease obligations – oh and 30-40 redundancies which it says should save $4-5 million per year.
“Booktopia is focused on building a profitable, sustainable business in the interests of all stakeholders and is committed to delivering the Next Gen CFC in 2023 which will position the Company for the challenging online retail conditions in the near term,” chairman Peter George said.
And for the second month in a row, Sezzle (ASX:SZL) achieved positive Net Income and Adjusted EBTDA.
The company increased its revenue for December 15.7% year-on-year to US$13.6 million and improved its adjusted EBITDA to US3.8m, compared to a loss of US$24.5 million in Q421.
Sezzle Premium now has over 122,000 active subscribers.
ASX SMALL CAP LAGGARDS
Here are yesterday’s least performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| OXX | Octanex Ltd | 0.004 | -43% | 5,391,653 | $1,812,844 |
| GLE | GLG Corp Ltd | 0.33 | -35% | 26,787 | $37,791,000 |
| ERG | Eneco Refresh Ltd | 0.012 | -33% | 144,028 | $4,902,450 |
| GLV | Global Oil & Gas | 0.001 | -33% | 219,696 | $5,143,196 |
| MEB | Medibio Limited | 0.001 | -33% | 5,495,250 | $4,980,891 |
| NTL | New Talisman Gold | 0.002 | -33% | 3,312,034 | $9,381,676 |
| WBE | Whitebark Energy | 0.001 | -33% | 1,409,911 | $9,697,329 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 1,344,307 | $31,285,147 |
| GNM | Great Northern | 0.003 | -25% | 60,000 | $6,836,204 |
| ADG | Adelong Gold Limited | 0.014 | -22% | 25,164,647 | $8,258,801 |
| AQX | Alice Queen Ltd | 0.002 | -20% | 2,527,128 | $5,500,625 |
| IS3 | I Synergy Group Ltd | 0.016 | -20% | 550,911 | $5,781,607 |
| ADR | Adherium Ltd | 0.0045 | -18% | 2,226,032 | $27,386,911 |
| EDE | Eden Inv Ltd | 0.005 | -17% | 2,170,460 | $16,387,643 |
| MSI | Multistack Internat. | 0.01 | -17% | 22,000 | $1,635,647 |
| DMG | Dragon Mountain Gold | 0.011 | -15% | 361,250 | $5,130,732 |
| BGP | Briscoe Group | 4.2 | -15% | 11,454 | $1,102,095,651 |
| CHK | Cohiba Min Ltd | 0.006 | -14% | 141,966 | $12,412,709 |
| SEQ | Sequoia Fin Grp Ltd | 0.525 | -14% | 871,160 | $82,383,260 |
| TSN | The Sust Nutri Grp | 0.019 | -14% | 116,725 | $2,653,340 |
| SMX | Security Matters | 0.195 | -13% | 10,000 | $37,780,095 |
| KYP | Kinatico Ltd | 0.085 | -13% | 165,011 | $42,554,772 |
| GFN | Gefen Int | 0.061 | -13% | 30,000 | $4,767,009 |
| DCX | Discovex Res Ltd | 0.0035 | -13% | 285 | $13,210,272 |
| GPR | Geopacific Resources | 0.028 | -13% | 3,320,841 | $16,678,116 |
