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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, Reuben’s High Voltage column undresses all the news driving ASX lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium stocks and exposes them to you, our dear unsuspecting and largely innocent readers.
Today it’s shock-horror episode #461 of Elon Musk’s Tesla moving our markets on their own – announcing an obscenely huge Gigafactory expansion in Nevada.
Stockhead’s ‘Garimpeiro’ columnist Barry FitzGerald is back in the studio for another instalment of The Explorers Podcast.
And, my goodness. It’s an action packed morning ahead of an action packed week of central bank shenannigans, featuring Josh Chiat and the King of Coal no More, Eddy Sunarto and the low down on ChatGP, and Nadine and The Badman. Bevis. Me and Peter. Gregor is always lurking nearby. Em and Jess are causing distress.
But first, the day ahead…
TRADING HALTS
These companies are in them, or due to come out of them in a moment:
Flight Centre Travel (ASX: FLT) – Capital raising comprising an institutional placement and a share purchase plan.
Security Matters (ASX:SMX) – Halt called pending an announcement in relation to the results of the Lionheart Shareholder meeting seeking to approve a merger.
Sprintex (ASX:SIX) – Capital raising.
Acumentis Group (ASX:ACU) – Capital raising.
AuTECO Minerals (ASX:AUT) – Capital raising.
Great Southern Mining (ASX:GSN) – Capital raising.
Hawsons Iron (ASX:HIO) – Capital raising.
Lode Resources (ASX:LDR) – Halt called pending the release of an announcement regarding the assay results from the drilling at its 100% owned Webbs Consol Silver project in NSW.
Carbon Revolution (ASX:CBR) – Halt called pending an announcement of CBR’s Appendix 4C and accompanying announcements in relation to a potential transaction with Twin Ridge Capital Acquisition.
Bounty Oil & Gas (ASX:BUY) – BUY intends to make an announcement in relation to PEP-11- Federal Court of Australia proceedings
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1928.30 (-0.90%)
Silver: $US23.91 (+0.02%)
Nickel (3mth): $US27,651/t (+4.40%)
Copper (3mth): $US9.342/t (+0.25%)
Oil (WTI): $US81.46 (+1.6%)
Oil (Brent): $US87.33 (+1.42%)
Iron 62pc Fe: $US124.50 (+0.00%)
AUD/USD: 0.7093 (-0.12%)
Bitcoin: $US23,005 (-2.53%)
WHAT GOT YOU TALKING?
This did. How good is it?!!
These 9 lithium explorers could post maiden resources this year, putting some on the path to production.https://t.co/KcnOOUhIyb
— Stockhead (@StockheadAU) January 30, 2023
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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.
ASX SMALL CAP LEADERS
Here were Tuesday’s best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| IHR | intelliHR Limited | 0.1075 | 71% | 4,145,071 | $21,419,440 |
| MME | Moneyme Limited | 0.47 | 68% | 1,895,416 | $79,309,223 |
| GLV | Global Oil & Gas | 0.0015 | 50% | 1,768,533 | $3,428,798 |
| PRM | Prominence Energy | 0.0015 | 50% | 10,231,468 | $2,424,609 |
| MTL | Mantle Minerals Ltd | 0.002 | 33% | 941,342 | $8,018,408 |
| YPB | YPB Group Ltd | 0.004 | 33% | 450,000 | $1,219,638 |
| HHI | Health House Int Ltd | 0.01 | 25% | 532,348 | $1,130,637 |
| NTL | New Talisman Gold | 0.0025 | 25% | 1,991,200 | $6,254,451 |
| LMLND | Lincoln Minerals - Ordinary New | 0.023 | 21% | 7,881,623 | $15,228,084 |
| 3DA | Amaero International | 0.18 | 20% | 1,480,355 | $62,319,032 |
| HPP | Health Plant Protein | 0.06 | 20% | 393,358 | $6,141,037 |
| RDN | Raiden Resources Ltd | 0.006 | 20% | 55,000 | $8,272,912 |
| RMX | Red Mount Min Ltd | 0.006 | 20% | 6,632,285 | $9,941,744 |
| WFL | Wellfully Limited | 0.021 | 17% | 219,935 | $7,040,668 |
| ADY | Admiralty Resources | 0.007 | 17% | 52,932 | $7,821,475 |
| AYT | Austin Metals Ltd | 0.007 | 17% | 489,399 | $6,095,248 |
| NZS | New Zealand Coastal | 0.0035 | 17% | 316,876 | $3,381,015 |
| BTN | Butn Limited | 0.18 | 16% | 167,288 | $12,147,178 |
| WHK | Whitehawk Limited | 0.075 | 15% | 2,204,921 | $15,748,789 |
| AR9 | Archtis Limited | 0.115 | 15% | 559,256 | $28,395,610 |
| DLT | Delta Drone Intl Ltd | 0.008 | 14% | 673,083 | $3,581,235 |
| GNM | Great Northern | 0.004 | 14% | 882,416 | $5,981,678 |
| PIL | Peppermint Inv Ltd | 0.008 | 14% | 2,556,668 | $14,264,998 |
| FLX | Felix Group | 0.12 | 14% | 214,673 | $16,455,570 |
| BKY | Berkeley Energia Ltd | 0.4225 | 14% | 881,426 | $164,944,785 |
Tuesday’s big winner is IntelliHR (ASX:IHR) up 70.6% after news the company has entered into a scheme implementation deed and is steaming towards being acquired holus bolus by Humanforce Holdings.
The IHR board has unanimously backed the scheme, most likely because it is underpinned by a massively generous offer that implies an equity value of $38.6 million, an attractive premium for IHR shareholders of:
- 75% premium to the last trading price of IHR shares on 30 January 2023
- 77% premium to the 1-month volume weighted average price (“VWAP”) of IHR shares
- 80% premium to the 4-month VWAP of IHR shares
Noice.
MoneyMe (ASX:MME), delivered expectation-beating statutory profits and record revenue for the quarter.
“Building from strong results in the first quarter, the momentum continued into the second quarter and has seen us upgrading our outlook on revenue and profit for the full year,” MoneyMe managing director Clayton Howes said.
“Our return to statutory profitability after a prolonged period of high growth is not only a result of a shift in near-term business strategy in response to the macro environment, it is also a continuation of our commitment to drive profitable growth and a testament to the quality and proficiency of our team,” he added.
MoneyMe was up 64.2% when the bell rang.
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 |
|---|---|---|---|---|---|
| RGS | Regeneus Ltd | 0.022 | -46% | 2,318,395 | $12,563,913 |
| AHQ | Allegiance Coal Ltd | 0.026 | -32% | 33,444,750 | $38,186,045 |
| GFN | Gefen Int | 0.052 | -26% | 871,540 | $4,767,009 |
| BDT | Birddog | 0.145 | -26% | 925,912 | $39,870,497 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 2,886,522 | $31,285,147 |
| MP1 | Megaport Limited | 5.82 | -24% | 7,514,201 | $1,214,708,083 |
| AW1 | American West Metals | 0.089 | -23% | 5,243,155 | $17,733,968 |
| BME | Black Mountain Energy | 0.035 | -22% | 503,668 | $2,475,000 |
| LML | Lincoln Minerals | 0.047 | -22% | 12,718,451 | $34,499,021 |
| ENV | Enova Mining Limited | 0.012 | -20% | 144,511 | $5,863,940 |
| LSR | Lodestar Minerals | 0.004 | -20% | 3,164,420 | $8,692,187 |
| 3DP | Pointerra Limited | 0.185 | -20% | 2,738,005 | $155,895,427 |
| COY | Coppermoly Limited | 0.009 | -18% | 6,019 | $24,133,526 |
| W2V | Way2Vatltd | 0.018 | -18% | 1,153,846 | $4,843,342 |
| PBH | Pointsbet Holdings | 1.4 | -17% | 6,539,229 | $518,283,228 |
| AQI | Alicanto Min Ltd | 0.05 | -17% | 520,850 | $26,772,817 |
| GTG | Genetic Technologies | 0.0025 | -17% | 2,531,426 | $27,701,895 |
| RLG | Roolife Group Ltd | 0.01 | -17% | 219,300 | $8,426,770 |
| TZL | TZ Limited | 0.08 | -16% | 42,500 | $21,157,271 |
| NRX | Noronex Limited | 0.032 | -16% | 3,096,103 | $9,078,314 |
| REE | Rarex Limited | 0.065 | -14% | 5,964,185 | $44,033,380 |
| TMZ | Thomson Res Ltd | 0.018 | -14% | 906,546 | $17,393,972 |
| CHK | Cohiba Min Ltd | 0.006 | -14% | 1,987,018 | $12,412,709 |
| OPL | Opyl Limited | 0.03 | -14% | 67,399 | $2,241,822 |
| TMX | Terrain Minerals | 0.006 | -14% | 960,900 | $6,338,660 |
