On Stockhead today, nine bargain O&G buys poised for a 2023 breakout, Leo eyes first lithium sales, and the fintechs banking on a Big 4 backlash.

But first, the day ahead.

 

LOCAL DATA DUMP: Thursday

  • ABS Capital Investment / Expenditure
  • RBA Speak – Bullock, Cagliarini

 

TRADING HALTS

The following stocks went into trading halts yesterday and are expected out in the coming days:

Tribeca Global Natural Resources (ASX:TGF) – Capital raising

Slater & Gordon (ASX:SGH) – Half year results and a potential major transaction

The Star Entertainment Group (ASX:SGR) – capital structure initiatives

Health and Plant Protein Group (ASX:HPP) – sale of HPP’s Kapua Orchard and macadamia nut business

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,834.55 (+0.02%)

Silver: $US21.79 (-0.18%)

Nickel (3mth): $US27,105/t (+0.64%)

Copper (3mth): $US9,200.50/t (+0.65%)

Oil (WTI): $US75.79 (-1.65%)

Oil (Brent): $US82.12 (-1.10%)

Iron 62pc Fe: $US133/t (+2.31%)

AUD/USD: 0.6824 (-0.41%)

Bitcoin: $US24,158 (-0.14%)

 

WHAT GOT YOU TALKING YESTERDAY?

The good news for investors late to the battery metals party is this: from an investment cycle perspective, we are likely only in the early stages, says Sprott Asset Management.

Keep up to date with Stockhead coverage or you’ll 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.

 

YESTERDAY’S 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:

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Toys’R’Us (ASX:TOY) signalled its intention to buy back up to 10% of its fully paid ordinary shares, as the board reckons the price yesterday morning – a measly $0.023 – ”does not accurately reflect the underlying value of the company’s assets”.

A scout drilling program at Buxton Resources’ (ASX:BUX) Graphite Bull project in WA hit graphite mineralisation in all five holes.

“Buxton is delighted with this outcome, which coupled with recent and ongoing outstanding metallurgical testwork results, positions Graphite Bull as the most attractive graphite project in WA, possibly Australia,” it says.

“The world’s only official music credits database” Jaxsta (ASX:JXT) is buying Vampr, a social network for musicians and artists.

And investors responded well to Step One’s (ASX:STP) H1 2023 results, which saw the undie merchant rake in net profit after tax of $5.2m – a 238% increase on the pcp.

It has $32.6 million in cash and no debt.

YESTERDAY’S 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:

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US aluminium giant Alcoa has pulled out of a deal to develop FYI Resources’ (ASX:FYI) high purity alumina project in Perth, WA.

The now scrapped agreement would’ve seen Alcoa acquire 65% of the project by spending $US243m on project development.

The project now reverts to FYI, who “will develop an alternative plan and schedule” for development.

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