On Stockhead today, dementia is the new heart disease – these ASX stocks are in the fight, cleaning up on ex-div CBA, and is the gig economy growing again?

But first, the day ahead.

 

TRADING HALTS

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

Metals Australia (ASX:MLS) – Announcement about graphite purification test work on its Lac Rainy Graphite Project in Canada

Haranga Resources (ASX:HAR) – Drill results from the Saraya uranium project

MLG Oz (ASX:MLG) – Company set to dispose of its “two high capacity crushing plants”, so if you’ve ever wanted to win “Largest Pumpkin” and squash several people at your local agricultural show, here’s your chance.

Bravura Solutions (ASX:BVS) – Announcement in relation to its business performance and guidance

Mt Monger Resources (ASX:MTM) – Capital raising

Top Shelf International Holdings (ASX:TSI) – Capital raising

Sheffield Resources (ASX:SFX) – Material investment and equity raising

Kaddy (ASX:KDY) – Capital raising

Ten Sixty Four (ASX:X64) – Operational update on the Co-O gold mine

Dateline Resources (ASX:DTR) – Capital raising

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,810.9 (-0.64%)

Silver: $US20.76 (-2.50%)

Nickel (3mth): $US25,387/t (-3.95%)

Copper (3mth): $US8904.00/t (-2.28%)

Oil (WTI): $US76.32 (+1.23%)

Oil (Brent): $US83.34 (+1.37%)

Iron 62pc Fe: $US131.5/t (-1.13%)

AUD/USD: 0.6725 (-1.20%)

Bitcoin: $US23,236 (+0.52%)

 

WHAT GOT YOU TALKING OVER THE WEEKEND?

Bannerman Energy (ASX:BMN) CEO Brandon Munro says 2023 has marked a positive shift in uranium sentiment, driven by this accumulation of bullish news since 2019.

This could be the year things finally explode.

 

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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.

 

LAST WEEK’S ASX SMALL CAP LEADERS

Here are last week’s best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Week Market Cap
PVS Pivotal Systems 0.036 80% $6,858,661
CXZ Connexion Telematics 0.018 71% $16,040,623
ECG Ecargo Hldg 0.051 55% $30,147,250
MYE Metarock Group Ltd 0.185 48% $24,233,621
MTM Mt Monger Resources 0.105 40% $5,987,543
LDX Lumos Diagnostics 0.050 39% $11,248,422
KNB Koonenberrygold 0.083 38% $6,287,785
DLT Delta Drone Intl Ltd 0.011 38% $5,627,654
NCZ New Century Resource 1.140 36% $144,818,474
BUX Buxton Resources Ltd 0.215 34% $37,342,456
CT1 Constellation Tech 0.004 33% $5,884,801
GGX Gas2Grid Limited 0.002 33% $8,140,204
PRM Prominence Energy 0.002 33% $4,849,218
RBR RBR Group Ltd 0.004 33% $4,220,214
ROO Roots Sustainable 0.002 33% $2,078,439
SLM Solismineralsltd 0.160 33% $7,444,552
TFL Tasfoods Ltd 0.040 33% $17,046,725
BLG Bluglass Limited 0.073 33% $95,108,170
RMY RMA Global 0.145 32% $78,111,968
ICG Inca Minerals Ltd 0.027 29% $13,037,041
STK Strickland Metals 0.041 28% $60,642,222
HPP Health Plant Protein 0.067 26% $7,492,065
HLI Helia Group Limited 3.280 26% $972,850,544
AHK Ark Mines Limited 0.225 25% $7,787,273
ERG Eneco Refresh Ltd 0.020 25% $5,447,167
MOB Mobilicom Ltd 0.010 25% $13,312,797
EOF Ecofibre Limited 0.250 25% $89,049,711
WBT Weebit Nano Ltd 6.890 23% $1,144,293,234
SSL Sietel Limited 8.500 21% $68,063,572
CVW Clearview Wealth Ltd 0.565 20% $370,181,643
ATU Atrum Coal Ltd 0.006 20% $6,958,496
NZS New Zealand Coastal 0.003 20% $3,381,015
TD1 Tali Digital Limited 0.003 20% $5,550,311
XTC Xantippe Res Ltd 0.006 20% $63,480,598
EPY Earlypay Ltd 0.215 19% $53,636,808
STP Step One Limited 0.340 19% $65,795,803
VVA Viva Leisure Limited 1.340 19% $112,857,566
MVP Medical Developments 1.565 19% $118,238,090
ACL Au Clinical Labs 3.520 19% $696,327,352
TTA TTA Holdings Ltd 0.019 19% $2,336,198
GTN GTN Limited 0.570 19% $121,599,717
MEG Megado Minerals Ltd 0.051 19% $7,581,945
KSC K & S Corporation 2.280 18% $295,593,803
ACE Acusensus Limited 3.800 18% $97,697,331
AHQ Allegiance Coal Ltd 0.013 18% $13,063,647
SGC Sacgasco Ltd 0.013 18% $7,974,881
BCK Brockman Mining Ltd 0.026 18% $232,005,803
CL8 Carly Holdings Ltd 0.020 18% $4,087,408
HCH Hot Chili Ltd 1.010 17% $112,875,720
ING Inghams Group 3.220 17% $1,174,507,539
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Mining services business Metarock (ASX:MYE)  settled its beef over the the Gregory Crinum contract with Japan’s Sojitz Corporation.

It will pocket $11.1 million plus sell off a bunch of equipment it brought in for the project but is now surplus to requirements.

Mt Monger Resources (ASX:MTM) will buy the Pomme hard rock rare earths project in Quebec, Canada, from TSX listed explorer Geomega Resources for ~$1m in cash and shares.

The company says it has similar geology to Geomega’s advanced 266Mt Montviel carbonatite REE-Nb deposit, just 7km away.

Zinc miner New Century Resources (ASX:NZS)  received a takeover offer from disgruntled major shareholder (19.9%) Sibanye-Stillwater at $1.10 per share – a 42.9% premium on the last traded price.

Shareholders ignored the NCZ board who recommended they take no action in response to the bid, and jumped at the opportunity to divest their holdings.

A change in substantial holding notice posted to the ASX Friday said the South African-American platinum and gold giant had acquired a further 41.5m shares since making its announcement earlier in the week, taking its voting power past 50% to 51.41%.

 

LAST WEEK’S ASX SMALL CAP LAGGARDS

Here are last week’s worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Week Market Cap
FYI FYI Resources Ltd 0.075 -55% $27,473,819
OAU Ora Gold Limited 0.003 -50% $2,952,694
PXX Polarx Limited 0.011 -50% $17,588,310
CGS Cogstate Ltd 1.180 -49% $281,872,497
LAW Lawfinance Ltd 0.021 -48% $1,341,221
CLZ Classic Min Ltd 0.003 -40% $3,695,493
NWM Norwest Minerals 0.040 -38% $8,217,973
TGH Terragen 0.045 -34% $11,447,135
ARE Argonaut Resources 0.002 -33% $12,723,743
MEB Medibio Limited 0.001 -33% $6,225,891
TTB Total Brain Ltd 0.002 -33% $267,442
MFB My Food Bag Grp Ltd 0.240 -33% $58,185,006
8IH 8I Holdings Ltd 0.030 -32% $12,507,460
PYR Payright Limited 0.041 -31% $7,960,188
BMO Bastion Minerals 0.037 -29% $5,567,122
AWJ Auric Mining 0.045 -29% $5,888,682
SIX Sprintex Ltd 0.035 -29% $8,902,401
GPR Geopacific Resources 0.018 -28% $9,381,440
OZM Ozaurum Resources 0.052 -28% $7,112,000
M24 Mamba Exploration 0.135 -27% $10,672,084
AJX Alexium Int Group 0.019 -27% $12,265,014
ASR Asra Minerals Ltd 0.011 -27% $19,072,543
LML Lincoln Minerals 0.025 -26% $15,524,560
MRI Myrewards International 0.028 -26% $5,725,497
XF1 Xref Limited 0.210 -26% $40,958,784
ZEU Zeus Resources Ltd 0.017 -26% $8,327,700
8VI 8Vi Holdings Limited 0.800 -25% $40,262,351
AYM Australia United Min 0.003 -25% $5,527,732
CAV Carnavale Resources 0.003 -25% $5,467,103
CLT Cellnet Group 0.021 -25% $6,089,866
EMU EMU NL 0.003 -25% $2,061,804
GLV Global Oil & Gas 0.002 -25% $3,428,807
KEY KEY Petroleum 0.002 -25% $2,951,892
PNX PNX Metals Limited 0.003 -25% $13,332,173
TMZ Thomson Res Ltd 0.006 -25% $5,654,682
TSL Titanium Sands Ltd 0.009 -25% $14,063,978
XST Xstate Resources 0.002 -25% $4,822,772
OBL Omni Bridgeway Ltd 2.950 -25% $1,012,978,634
FCL Fineos Corp Hold PLC 1.530 -25% $631,199,180
KME Kip McGrath Edu.Cntr 0.570 -24% $32,236,510
ARV Artemis Resources 0.016 -24% $22,262,694
MGT Magnetite Mines 0.595 -24% $47,778,072
CSX Cleanspace Holdings 0.470 -24% $36,199,176
RED Red 5 Limited 0.130 -24% $377,030,256
AKG Academies Aus Grp 0.345 -23% $43,762,774
AR3 Austrare 0.215 -23% $20,944,341
LCL Los Cerros Limited 0.030 -23% $25,940,144
KNM Kneomedia Limited 0.007 -22% $12,038,283
RLG Roolife Group Ltd 0.007 -22% $5,008,907
EDU EDU Holdings Limited 0.160 -22% $26,434,311
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US aluminium giant Alcoa 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.

Biotech Cogstate (ASX:CGS) released FY23 guidance ahead of its half year report and it doesn’t make for good reading.

Revenue delays are expected to continue to impact earnings in 2H23, it says, with some revenue from those impacted trials now expected to be recognised in FY24.

It expects to report breakeven profit before tax for 1H23.

It then was forced by the ASX to tell investors that a now abandoned takeover deal had been in the works between late December and January, a period which saw the stock gain +20% on no news.

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