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?
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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 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 |