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On Stockhead today,
Newcrest is in play after Newmont lobbed a ~$24bn all scrip bid for Australia’s largest gold miner yesterday.
And the Melbourne hydrogen start-up, Cavendish Renewable Technology (CRT), believes it has a lucrative solution to lowering green hydrogen costs.
The brokers appear bullish in February. Morgans and Morgan Stanley share their small cap picks and some of the Aussie retailers they’ve been bingeing on.
But first, the day ahead…
Fiji Kava (ASX:FIJ) – Halt requested pending an announcement by Fiji Kava in relation to an update on the status of the acquisition of Leilo Inc.
Revasum (ASX:RVS) – Halt requested while Revasum sorts out its finances, after announcing it’s been in breach of its liquidity covenant with SQN Venture Partners.
Tennant Minerals (ASX:TMS) – Halt requested pending the release of significant drilling results.
AIC Mines (ASX:A1M) – Halt requested in connection with the launch of an institutional placement.
Gold: $US1867.54 (+0.10%)
Silver: $US22.23 (-0.55%)
Nickel (3mth): $US27,651/t (+4.40%)
Copper (3mth): $US9.342/t (+0.25%)
Oil (WTI): $US74.50 (+1.51%)
Oil (Brent): $US81.04 (+1.38%)
Iron 62pc Fe: $US124.50 (+0.00%)
AUD/USD: 0.6880 (-0.55%)
Bitcoin: $US23,001 (+0.44%)
– The US changes the definition of an ‘SUV’ to make more #electricvehicles eligible for tax credits
– @Patriot_Battery extends the strike length of its CV5 pegmatite discovery by 400m https://t.co/P5ayefLPC7 #lithium #ASX $BMM $RAS $SGQ $AS2 $MHC $BRX— Stockhead (@StockheadAU) February 6, 2023
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.
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 |
|---|---|---|---|---|---|
| EMD | Emyria Limited | 0.315 | 66% | 16,947,572 | $55,261,370 |
| CCE | Carnegie Cln Energy | 0.0015 | 50% | 1,226,408 | $15,642,574 |
| HHI | Health House Int Ltd | 0.012 | 50% | 711,906 | $1,130,637 |
| NVU | Nanoveu Limited | 0.017 | 42% | 2,402,926 | $4,071,243 |
| LGP | Little Green Pharma | 0.26 | 41% | 5,436,458 | $49,100,530 |
| AUK | Aumake Limited | 0.004 | 33% | 16,927,974 | $2,623,341 |
| MGG | Mogul Games Grp Ltd | 0.002 | 33% | 21,199,761 | $4,895,162 |
| LDR | Lode Resources | 0.445 | 33% | 24,921,195 | $17,275,697 |
| IBX | Imagion Biosys Ltd | 0.028 | 27% | 28,784,721 | $24,669,008 |
| TRM | Truscott Mining Corp | 0.125 | 25% | 848,361 | $16,715,706 |
| MTL | Mantle Minerals Ltd | 0.0025 | 25% | 35,369,655 | $10,691,210 |
| RR1 | Reach Resources Ltd | 0.005 | 25% | 2,951,382 | $7,640,203 |
| BUX | Buxton Resources Ltd | 0.18 | 24% | 1,604,118 | $22,561,067 |
| ODE | Odessa Minerals Ltd | 0.016 | 23% | 6,423,755 | $9,190,416 |
| GO2 | Thego2People | 0.011 | 22% | 145,081 | $3,768,531 |
| ECG | Ecargo Hldg | 0.018 | 20% | 3,610 | $9,228,750 |
| WOO | Wooboard Tech Ltd | 0.006 | 20% | 150,188 | $1,149,774 |
| XTC | Xantippe Res Ltd | 0.006 | 20% | 5,873,421 | $51,460,174 |
| HVY | Heavy Minerals | 0.155 | 19% | 672,786 | $5,016,083 |
| HOR | Horseshoe Metals Ltd | 0.032 | 19% | 545,001 | $14,902,458 |
| ECT | Env Clean Tech Ltd. | 0.013 | 18% | 5,734,900 | $18,878,768 |
| SGC | Sacgasco Ltd | 0.013 | 18% | 500,756 | $6,747,976 |
| AYA | Artryalimited | 0.56 | 17% | 14,288 | $30,140,891 |
| EYE | Nova EYE Medical Ltd | 0.28 | 17% | 42,523 | $35,012,028 |
| FLX | Felix Group | 0.14 | 17% | 359,026 | $18,806,366 |
Emyria (ASX:EMD) says it is well-placed to capitalise on the announcement by the TGA, having identified “numerous suppliers of GMP-MDMA which is ‘patient-ready’, and developed a comprehensive Phase 2B clinical trial protocol for MDMA-assisted therapy.”
The company has secured the rights to a University of Western Australia (UWA)’s library of more than 100 novel MDMA analogues, and have together launched an MDMA-inspired drug discovery program.
It’s up over 55%
Little Green Pharma (ASX:LGP) is also swinging higher on the down-scheduling news, announcing that it is also well-placed to make a serious play in that particular pharmaceutical space through its psychedelics focused subsidiary Reset Mind Sciences.
“The announcement by the TGA is truly ground-breaking in the field of psychedelics and I welcome their decision,” Reset Mind Sciences CEO Shaun Duffy said.
Imagion Biosystems (ASX: IBX), gained around 37.5% on news from an independent blinded review by a panel of expert breast cancer radiologists which has corroborated previously reported positive findings for the company’s MagSense diagnostic tech.
The company says that the radiologists confirmed that the “MagSense HER2 imaging agent produces a change in image contrast and that the contrast in nodes highly suspicious for tumour is distinctly different from the MR image contrast seen in non-involved nodes”.
Lode Resources (ASX:LDR) up again some 31% on news that it has received firm commitments for $4,440,000 in a share placement to existing and new institutional and sophisticated investors.
That climb follows a massive jump in the company’s price last week, after the company drilled into some massive silver intercepts at the Webbs Consol Silver project’s Tangoa West Lode.
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 |
|---|---|---|---|---|---|
| WBE | Whitebark Energy | 0.001 | -33% | 17,752,699 | $9,697,329 |
| MRI | My Rewards International | 0.023 | -28% | 548,672 | $6,494,358 |
| MHC | Manhattan Corp Ltd | 0.0065 | -28% | 24,306,574 | $13,736,508 |
| RGS | Regeneus Ltd | 0.014 | -26% | 1,367,995 | $5,822,301 |
| GTG | Genetic Technologies | 0.0055 | -21% | 70,428,750 | $64,637,756 |
| AN1 | Anagenics Limited | 0.023 | -21% | 152,388 | $6,416,726 |
| 4DS | 4Ds Memory Limited | 0.033 | -20% | 33,304,032 | $60,670,383 |
| SUH | Southern Hem Min | 0.017 | -19% | 3,347,665 | $9,920,506 |
| BGE | Bridge SaaS | 0.053 | -18% | 574,911 | $1,887,341 |
| JPR | Jupiter Energy | 0.028 | -18% | 120,000 | $41,814,904 |
| ASW | Advanced Share Ltd | 0.165 | -18% | 77,106 | $38,681,555 |
| CMG | Critical Mineral Group | 0.19 | -17% | 236,977 | $7,023,182 |
| RBX | Resource B | 0.1 | -17% | 121,300 | $6,848,380 |
| ZMM | Zimi Ltd | 0.05 | -17% | 82,915 | $5,344,952 |
| INP | Incentia Pay Ltd | 0.005 | -17% | 267,337 | $7,590,382 |
| KNM | Kneomedia Limited | 0.01 | -17% | 2,496,106 | $16,245,424 |
| MCT | Metalicity Limited | 0.0025 | -17% | 9,103,217 | $10,476,118 |
| CYM | Cyprium Metals Ltd | 0.115 | -15% | 12,941,479 | $98,576,771 |
| CVV | Caravel Minerals Ltd | 0.26 | -15% | 1,524,662 | $145,998,734 |
| AUH | Austchina Holdings | 0.006 | -14% | 5,374,000 | $14,545,185 |
| DLT | Delta Drone Intl Ltd | 0.006 | -14% | 482,320 | $3,581,235 |
| PET | Phoslock Env Tec Ltd | 0.055 | -14% | 1,016,330 | $39,960,993 |
| BCC | Beam Communications | 0.215 | -14% | 388,776 | $21,605,480 |
| TZL | TZ Limited | 0.056 | -14% | 379,856 | $14,476,027 |
| GSN | Great Southern | 0.026 | -13% | 460,361 | $17,752,709 |
Health & Biotech
Health & Biotech
Health & Biotech
