Rise and Shine: Everything you need to know before the ASX opens
Pic: Via Getty
On Stockhead today, is it the Year of the Semis, Guy Le Page isn’t deserting gold, and a much better option than miserly term deposits.
But first, the day ahead.
LOCAL DATA DUMP
- Counts of businesses (December quarter)
- Business turnover (December)
- Reserve Bank Statement on Monetary Policy
Via CommSec.
TRADING HALTS
The following stocks went into trading halts yesterday and are expected out in the coming days:
Unith (ASX:UNT) – Capital raising.
Exopharm (ASX:EX1) – Halt requested ahead of an update on the company’s ongoing financial position and financing arrangements.
First Au (ASX:FAU) – Potential transaction and capital raising.
Greenstone Resources (ASX:GSR) – Capital raising.
Reward Minerals (ASX:RWD) – Capital raising.
Ora Gold (ASX:OAU) – Capital raising.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,884.66 (+0.49%)
Silver: $US22.52 (+0.99%)
Nickel (3mth): $US27,390/t (+0.52%)
Copper (3mth): $US8,892.50/t (-0.36%)
Oil (WTI): $US78.76 (+0.36%)
Oil (Brent): $US85.27 (+0.21%)
Iron 62pc Fe: $US124.00 (-0.40%)
AUD/USD: 0.6978 (+0.77%)
Bitcoin: $US22,707 (-1.10%)
WHAT GOT YOU TALKING YESTERDAY?
Molybdenum is the latest industrial commodity to catch the attention of investors, as prices surge 82.9% in two months to record highs.
– #Molybdenum prices are at 17-year highs, an increase of 82.9% between Dec 7, 2022 – February 6, 2023
– Experts say the recent surge in prices is driven by a lack of supply
– Here are the #ASX stocks with exposure to it https://t.co/s76vhPvUrj $CPO $CPN $HCH $HAV $IVR $THR $…— Stockhead (@StockheadAU) February 8, 2023
And the impending death of oil and gas looks to be greatly exaggerated.
BP shares are extending their rally, up more than 2.5% in early trading today. Since the company shifted its strategy on Tuesday, pledging to slowdown its retreat from oil and gas production, its shares have jumped more than 11% | $BP #OOTT
— Javier Blas (@JavierBlas) February 8, 2023
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.
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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 are 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 |
|---|---|---|---|---|---|
| CCE | Carnegie Cln Energy | 0.002 | 100% | 1,971,336 | $15,642,574 |
| CSX | Cleanspace Holdings | 0.665 | 73% | 211,011 | $29,652,516 |
| IS3 | I Synergy Group Ltd | 0.021 | 50% | 270,000 | $4,047,125 |
| AO1 | Assetowl Limited | 0.0015 | 50% | 700,000 | $1,572,130 |
| EVE | EVE Health Group Ltd | 0.0015 | 50% | 1,670,645 | $5,274,483 |
| GLV | Global Oil & Gas | 0.002 | 33% | 1,150,000 | $5,143,205 |
| PVW | PVW Res Ltd | 0.14 | 27% | 564,306 | $10,232,406 |
| FXG | Felix Gold Limited | 0.15 | 25% | 172,589 | $9,979,968 |
| CLE | Cyclone Metals | 0.0025 | 25% | 1,000,000 | $12,353,474 |
| GTG | Genetic Technologies | 0.005 | 25% | 59,577,737 | $46,166,633 |
| OXX | Octanex Ltd | 0.005 | 25% | 490,920 | $1,035,911 |
| CPT | Cipherpoint Limited | 0.008 | 23% | 9,761,262 | $7,433,880 |
| ST1 | Spirit Technology | 0.075 | 23% | 4,582,411 | $40,548,138 |
| MGT | Magnetite Mines | 0.585 | 22% | 776,007 | $36,402,340 |
| FLX | Felix Group | 0.17 | 21% | 5,707 | $21,940,760 |
| IMR | Imricor Med Sys | 0.295 | 20% | 486,015 | $37,080,168 |
| GPR | Geopacific Resources | 0.024 | 20% | 4,747,261 | $10,423,822 |
| HHI | Health House Int Ltd | 0.012 | 20% | 111,216 | $1,413,297 |
| TD1 | Tali Digital Limited | 0.003 | 20% | 291,527 | $6,937,889 |
| TTB | Total Brain Ltd | 0.006 | 20% | 8,423,404 | $668,606 |
| MKL | Mighty Kingdom Ltd | 0.041 | 17% | 511,300 | $11,417,686 |
| IMB | Intelligent Monitor | 0.14 | 17% | 37,811 | $15,684,035 |
| SRJ | SRJ Technologies | 0.14 | 17% | 452,663 | $10,701,030 |
| AXP | AXP Energy Ltd | 0.0035 | 17% | 2,165,810 | $17,474,042 |
| OZZ | OZZ Resources | 0.075 | 16% | 67,461 | $3,026,633 |
Respiratory protection manufacturer CleanSpace (ASX:CSX) has been awarded three healthcare distribution contracts for the North American/United States markets.
Collectively, these organisations are part of a critical network of purchasing and distribution channels which service most of the 6,000 hospitals in the US – the largest healthcare market in the world.
It is too early to determine what revenue might be generated from these relationships, the company says.
Explorer PVW Resources (ASX:PVW) says it has defined multiple new rare earths targets after “exciting” drilling results up to 7000ppm TREO at the Tanami project in WA.
And drug development firm Argenica Therapeutics (ASX:AGN) has announced positive initial preclinical data on the drug ARG007’s ability to inhibit human recombinant Amyloid-Beta (Abeta) aggregation in a preclinical (in vitro) model of Alzheimer’s Disease.
Abeta aggregation is thought to be one of the main causes of Alzheimer’s Disease.
ASX SMALL CAP LAGGARDS
Here are yesterday’s worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| EMU | EMU NL | 0.004 | -33% | 10,085,165 | $4,123,609 |
| IPB | IPB Petroleum Ltd | 0.01 | -29% | 4,006,942 | $6,389,179 |
| AW1 | Americanwestmetals | 0.069 | -26% | 4,881,367 | $14,341,383 |
| RBR | RBR Group Ltd | 0.003 | -25% | 3,429,876 | $5,626,952 |
| TZN | Terramin Australia | 0.021 | -22% | 1,286,550 | $57,147,193 |
| ZEU | Zeus Resources Ltd | 0.019 | -21% | 16,172,918 | $10,519,200 |
| CT1 | Constellation Tech | 0.004 | -20% | 819,156 | $7,356,002 |
| AVW | Avira Resources Ltd | 0.0025 | -17% | 100,000 | $6,401,370 |
| IEC | Intra Energy Corp | 0.005 | -17% | 100,000 | $4,234,690 |
| THR | Thor Energy PLC | 0.005 | -17% | 1,185,289 | $8,853,677 |
| XST | Xstate Resources | 0.0025 | -17% | 421,159 | $9,645,545 |
| HMG | Hamelingoldlimited | 0.105 | -16% | 1,343,866 | $13,750,000 |
| KOR | Korab Resources | 0.022 | -15% | 926,191 | $9,543,300 |
| HCT | Holista CollTech Ltd | 0.017 | -15% | 871,581 | $5,576,001 |
| MRQ | Mrg Metals Limited | 0.003 | -14% | 133,500 | $6,950,715 |
| ICN | Icon Energy Limited | 0.013 | -13% | 1,035,958 | $11,520,205 |
| TSN | The Sust Nutri Grp | 0.02 | -13% | 345,000 | $2,773,947 |
| PLY | Playside Studios | 0.415 | -13% | 2,767,903 | $193,136,623 |
| CXU | Cauldron Energy Ltd | 0.007 | -13% | 2,960,774 | $7,452,544 |
| C1X | Cosmosexploration | 0.46 | -12% | 643,111 | $13,125,000 |
| AL3 | Aml3D | 0.11 | -12% | 788,791 | $23,507,928 |
| POD | Podium Minerals | 0.11 | -12% | 100,744 | $42,069,865 |
| BRX | Belararoxlimited | 0.275 | -11% | 206,302 | $11,913,306 |
| IND | Industrialminerals | 0.32 | -11% | 70,322 | $10,746,000 |
| RB6 | Rubixresources | 0.16 | -11% | 471,339 | $5,049,000 |
Terramin Australia’s (ASX:TZN) seven-year bid to reopen an historic goldmine near the Bird in Hand Winery was knocked back by the South Australian government.
The goldmine, which closed in 1935, is located next door to the winery in Woodside – the key factor in the decision by SA’s Energy and Mining Minister Tom Koutsantoni to put paid to Terramin’s plans, despite the proposal being on track to meet all statutory obligations.
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