On Stockhead today, Guy Le Page says the stage is set for a bullish year as he unpacks his own performance in 2022.
Nadine says the local benchmark’s just kicked off its best ever start to a new season – she looks at the small caps which can keep the momentum going.
And Tim Boreham is just watching the shoppers go nuts.
Over in the states, Wall Street is said to have priced in the US Federal Reserve Bank’s cash rate decision of another 25 basis points at around 100%. No one is having a cow which is concerning. The meeting will be over soon and with this kind of certainty, surely nothing is certain x infinity.
The Brits have had their biggest strike in a decade overnight.
The French also downed tools, having their biggest manifestation since this time last week. Something about pushing the retirement age back past 38. Come on, France!
But first, ladies and gents, the day ahead…
TRADING HALTS
The following companies went into a trading halt on Wednesday, February 1.
Openpay Group (ASX:OPY) – Halt called pending an announcement regarding discussions with financiers regarding Openpay’s financing arrangements.
Winsome Resources (ASX:WR1) – Capital raising.
Cyprium Metals (ASX:CYM) – Capital raising.
Strickland Metals (ASX:STK) – Capital raising.
Horseshoe Metals (ASX:HOR) – Capital raising.
Siren Gold (ASX:SNG) – Capital raising.
Xstate Resources (ASX:XST) – Halt called pending an announcement to the market regarding a material acquisition.
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?
The monkey business.
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 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 |
|---|---|---|---|---|---|
| LDR | Lode Resources | 0.35 | 192% | 38069554 | $6,188,309 |
| MGG | Mogul Games Grp Ltd | 0.0015 | 50% | 2175000 | $3,263,441 |
| ADY | Admiralty Resources | 0.01 | 43% | 4182137 | $9,125,054 |
| GNM | Great Northern | 0.004 | 33% | 1052308 | $5,127,153 |
| JPR | Jupiter Energy | 0.034 | 31% | 96982 | $31,976,103 |
| AL3 | Aml3D | 0.089 | 27% | 3245722 | $13,164,440 |
| MEI | Meteoric Resources | 0.1525 | 27% | 44613891 | $183,155,685 |
| ARE | Argonaut Resources | 0.0025 | 25% | 9937209 | $12,723,743 |
| CT1 | Constellation Tech | 0.005 | 25% | 38000 | $5,884,801 |
| REZ | Resourc & En Grp Ltd | 0.016 | 23% | 231273 | $6,497,475 |
| BUR | Burleyminerals | 0.33 | 22% | 592148 | $9,267,223 |
| BTE | Botalaenergyltd | 0.145 | 21% | 100000 | $6,398,000 |
| EYE | Nova EYE Medical Ltd | 0.29 | 21% | 6940 | $35,012,028 |
| AN1 | Anagenics Limited | 0.029 | 21% | 12468 | $5,310,394 |
| CMD | Cassius Mining Ltd | 0.03 | 20% | 117647 | $10,212,323 |
| SRJ | SRJ Technologies | 0.15 | 20% | 95515 | $11,146,907 |
| GMN | Gold Mountain Ltd | 0.006 | 20% | 11862003 | $9,224,163 |
| GTG | Genetic Technologies | 0.003 | 20% | 2073122 | $23,084,913 |
| IPB | IPB Petroleum Ltd | 0.013 | 18% | 3338547 | $5,020,069 |
| OPN | Oppenneg | 0.07 | 17% | 911391 | $11,948,993 |
| RON | Ronin Resources | 0.175 | 17% | 35000 | $4,349,714 |
| PNM | Pacific Nickel Mines | 0.085 | 16% | 737928 | $27,452,478 |
| HAR | Haranga Resources | 0.15 | 15% | 121333 | $6,605,823 |
| TNY | Tinybeans Group Ltd | 0.23 | 15% | 45000 | $12,277,091 |
Adealide-based AML3D (ASX:AL3) stacked on 35.7% with a late-ish surge on news it’s sold a large-scale, industrial ARCEMY® ‘X-Edition 6700’ Wire Arc Additive Manufacturing metal 3D printing system to support the US Navy’s accelerating adoption of Wire Arc additive manufacturing technology.
But the Big Blue Ribbon for biggest gains of the session went to Lode Resources (ASX:LDR), after the explorer drilled into an extraordinary silver find of 116.1m at 1003g/t silver eq from 90m, including 3.1m at 3325g/t silver from 201m at the flagship Webbs Consol project in NSW.
Exploration minnow Admiralty Resources (ASX:ADY), flew high – the penny stock smashing through a 57% gain on a quarterly report which spoke of imminent digging.
Meteoric Resources (ASX:MEI) continues to live up to its name, adding 27% to take its gains for the past 12 months to a handy 837.50%, and
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:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| SMX | Security Matters | 0.16 | -40% | 1,768,549 | $44,481,464 |
| EVE | EVE Health Group Ltd | 0.001 | -33% | 2,846,200 | $7,911,724 |
| DTR | Dateline Resources | 0.022 | -27% | 1,928,825 | $16,955,536 |
| ROO | Roots Sustainable | 0.0015 | -25% | 100,000 | $2,078,439 |
| YPB | YPB Group Ltd | 0.003 | -25% | 1,333 | $1,626,185 |
| NTL | New Talisman Gold | 0.002 | -20% | 6,289,793 | $7,818,063 |
| FRM | Farm Pride Foods | 0.071 | -18% | 218,219 | $6,979,270 |
| MYG | Mayfield Group Ltd | 0.285 | -17% | 11,756 | $31,252,133 |
| GCX | GCX Metals Limited | 0.039 | -17% | 5,414 | $8,731,599 |
| BPP | Babylon Pump & Power | 0.005 | -17% | 421,759 | $14,746,628 |
| CHK | Cohiba Min Ltd | 0.005 | -17% | 6,001,650 | $10,639,465 |
| UVA | Uvrelimited | 0.135 | -16% | 146,080 | $5,039,998 |
| MPR | Mpower Group Limited | 0.017 | -15% | 496,271 | $5,874,066 |
| TZL | TZ Limited | 0.068 | -15% | 184,814 | $17,816,649 |
| FRB | Firebird Metals | 0.17 | -15% | 369,007 | $14,197,562 |
| MYE | Metarock Group Ltd | 0.17 | -15% | 727,568 | $26,198,509 |
| ZMM | Zimi Ltd | 0.046 | -15% | 54,316 | $4,809,377 |
| WFL | Wellfully Limited | 0.018 | -14% | 200,000 | $8,214,113 |
| AYT | Austin Metals Ltd | 0.006 | -14% | 1,621,104 | $7,111,123 |
| DCX | Discovex Res Ltd | 0.003 | -14% | 1,451,614 | $11,558,988 |
| EMU | EMU NL | 0.006 | -14% | 1,243,375 | $4,810,877 |
| IEC | Intra Energy Corp | 0.006 | -14% | 1,850,000 | $4,940,471 |
| HIO | Hawsons Iron Ltd | 0.08 | -14% | 20,711,191 | $75,583,597 |
| RGS | Regeneus Ltd | 0.019 | -14% | 716,258 | $6,741,612 |
| VAR | Variscan Mines Ltd | 0.019 | -14% | 365,892 | $5,868,105 |