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:

Code Company Price % Volume Market Cap
TOY Toys R Us 0.036 57% 3,246,757 $19,850,994
MEB Medibio Limited 0.0015 50% 2,145,324 $4,150,594
BUX Buxton Resources Ltd 0.25 43% 1,716,700 $27,228,874
HCT Holista CollTech Ltd 0.021 40% 10,000 $4,182,001
ARE Argonaut Resources 0.0025 25% 100,000 $12,723,743
CR9 Corellares 0.038 23% 348,054 $9,798,817
JXT Jaxstaltd 0.0585 22% 3,959,187 $17,040,478
PRX Prodigy Gold NL 0.012 20% 261,533 $17,478,828
PVS Pivotal Systems 0.024 20% 1,233,688 $3,190,075
AZI Altamin Limited 0.079 20% 362,526 $25,853,306
GTN GTN Limited 0.57 19% 100,600 $102,399,761
FAL Falconmetalsltd 0.35 19% 1,538,791 $52,215,000
AHK Ark Mines Limited 0.225 18% 22,980 $6,575,920
VRC Volt Resources Ltd 0.013 18% 7,587,579 $42,673,663
STP Step One Limited 0.365 18% 1,613,938 $57,455,490
NME Nex Metals Explorat 0.02 18% 40,000 $4,739,923
AVE Avecho Biotech Ltd 0.0105 17% 268,461 $16,540,824
PNX PNX Metals Limited 0.0035 17% 2,135,342 $13,332,173
NNG Nexion Group 0.036 16% 5,582 $4,721,543
SRJ SRJ Technologies 0.11 16% 98,917 $8,471,649
G50 Gold50Limited 0.225 15% 100,491 $11,103,885
CXU Cauldron Energy Ltd 0.008 14% 528,956 $6,520,976
DCX Discovex Res Ltd 0.004 14% 3,926,072 $11,558,988
TRT Todd River Res Ltd 0.016 14% 229,893 $8,827,296
SUM Summitminerals 0.16 14% 47,738 $3,461,857
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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:

Code Company Price % Volume Market Cap
FYI FYI Resources Ltd 0.0615 -62% 17,586,227 $58,610,814
LAW Lawfinance Ltd 0.015 -40% 164,377 $1,596,691
CLZ Classic Min Ltd 0.0025 -38% 106,888,902 $4,605,308
NWM Norwest Minerals 0.047 -29% 6,607,492 $14,659,088
GLV Global Oil & Gas 0.0015 -25% 6,574 $6,857,606
LNU Linius Tech Limited 0.0015 -25% 5,433,000 $6,268,826
OAU Ora Gold Limited 0.003 -25% 66,888 $3,936,925
DMP Domino Pizza Enterpr 54.61 -23% 2,148,235 $6,357,473,960
RLG Roolife Group Ltd 0.007 -22% 9,703,762 $6,440,023
FLN Freelancer Ltd 0.2 -22% 343,203 $115,061,638
M4M Macro Metals Limited 0.004 -20% 4,000,393 $9,735,389
PYR Payright Limited 0.036 -18% 211,165 $9,217,060
KME Kip McGrath Edu.Cntr 0.6 -17% 109,476 $41,002,578
EDU EDU Holdings Limited 0.17 -17% 50,461 $33,868,961
BCT Bluechiip Limited 0.03 -17% 2,203,203 $21,548,297
ECG Ecargo Hldg 0.05 -17% 20,025 $36,915,000
CAV Carnavale Resources 0.0025 -17% 4,316,666 $8,200,655
PIL Peppermint Inv Ltd 0.005 -17% 811,016 $12,227,141
RR1 Reach Resources Ltd 0.005 -17% 529,006 $14,265,304
CSF Catalanoseafoodltd 0.096 -17% 85,004 $3,875,960
BVR Bellavistaresources 0.18 -16% 277,018 $8,164,090
SP8 Streamplay Studio 0.009 -14% 69,914 $11,950,300
TMZ Thomson Res Ltd 0.006 -14% 21,106,545 $6,089,657
CIW Clime Investment 0.43 -14% 53,313 $36,230,133
ERW Errawarra Resources 0.19 -14% 101,268 $13,310,880
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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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