On Stockhead today,

You’ll meet the EV dragon, China’s largest battery producer, CATL.

So big they’re thinking about pegging their battery prices to the lithium spot market, customers be damned.

So huge Obi Wan Kenobi also reckons they’re no moon.

So preposterously dominant, they just doubled profits and revenue on thinning margins ‘cos lithium prices are nuts, but demand for their work is nuts’er.

And – according to new research – CATL can now lay claim to almost 40% of the global battery market.

So why is the Chinese president most displeased..?

Elsewhere, Guy on Rocks is talking bearish lithium and gold bullion.

Our Day Trader, the bottom picker, is confessing to some splendid greed…

Oh, and in California, Silicon Valley Bank was hit by a bank run last week as depositors withdrew a whopping US$42bn within a matter of days, triggering a selloff in other US bank stocks. What will they think of next?

But first, the day ahead…

 

TRADING HALTS

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

Miramar Resources (ASX:M2R) – Capital Raising

Jade Gas (ASX:JGH) – Capital Raising

C29 Metals (ASX:C29) – Exploration results from Pocitos 7

FBR (ASX:FBR) – Capital Raising

Polymetals Resources (ASX:POL) – ASX speeding ticket, plus there’s a material acquisition in the works

Incannex Healthcare (ASX:IHL) – Material update regarding the company’s psychedelic program

 

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,867.09 (+1.98%)

Silver: $US20.52 (+2.24%)

Nickel (3mth): $US23,269/t (-2.94%)

Copper (3mth): $US8853.50/t (-0.65%)

Oil (WTI): $US76.68 (+1.27%)

Oil (Brent): $US82.56 (+1.19%)

Iron 62pc Fe: $US130.50/t (1.16%)

AUD/USD: 0.6579 (-0.17%)

Bitcoin: $US20,584 (+2.43%)

 

WHAT GOT YOU TALKING OVER THE WEEKEND?

Well, this aged badly.

 

Meanwhile, gold is everyone’s favourite again.

Prices exploded higher as Fed rate hike bets were scaled down and SVB contagion risks triggered some safe-haven buying.

 

 

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.

 

LAST WEEK’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks from 03 – 10 Mar:

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

Code Company Price % Week Market Cap
WOO Wooboard Tech Ltd 0.012 140% $1,839,639
MDX Mindax Limited 0.099 98% $189,340,575
YPB YPB Group Ltd 0.005 67% $2,032,731
RLG Roolife Group Ltd 0.013 63% $9,302,256
PTX Prescient Ltd 0.13 53% $90,721,582
KEY KEY Petroleum 0.0015 50% $2,951,892
MBK Metal Bank Ltd 0.029 45% $5,806,196
GPR Geopacific Resources 0.026 44% $13,029,778
SW1 Swift Networks Group 0.013 44% $6,520,763
REM Remsense Technologies 0.135 42% $4,922,312
IHR intelliHR Limited 0.145 38% $50,998,667
COD Coda Minerals Ltd 0.3 36% $36,158,427
PKD Parkd Ltd 0.023 35% $1,934,548
DDT DataDot Technology 0.004 33% $4,975,478
LNU Linius Tech Limited 0.002 33% $6,345,492
NGS NGS Ltd 0.032 33% $5,042,453
AGR Aguia Res Ltd 0.065 33% $28,200,526
AKP Audio Pixels Ltd 9.99 31% $264,307,152
FGL Frugl Group Limited 0.009 29% $6,118,797
BBX BBX Minerals Ltd 0.135 29% $66,247,399
WKT Walkabout Resources 0.135 29% $85,640,558
HIL Hills Ltd 0.023 28% $5,799,638
EQS Equity Story Group 0.042 27% $1,549,371
SMN Structural Monitor 0.45 27% $47,633,767
AR3 Austrare 0.225 25% $19,992,326
BPP Babylon Pump & Power 0.005 25% $12,288,857
PFT Pure Foods Tas Ltd 0.175 25% $19,753,185
PUA Peak Minerals Ltd 0.005 25% $5,206,883
ROG Red Sky Energy 0.005 25% $26,511,136
VAL Valor Resources Ltd 0.005 25% $16,978,657
BOT Botanix Pharma Ltd 0.1 25% $97,373,448
SRN Surefire Rescs NL 0.018 24% $28,464,543
MYR Myer Holdings Ltd 1.07 24% $928,045,061
HYT Hyterra Ltd 0.021 24% $9,391,174
X2M X2M Connect Limited 0.092 23% $13,101,261
GWR GWR Group Ltd 0.076 23% $20,236,649
VAR Variscan Mines Ltd 0.022 22% $5,067,908
BET Betmakers Tech Group 0.235 21% $230,802,838
RSH Respiri Limited 0.071 20% $58,970,544
AFL Af Legal Group Ltd 0.15 20% $11,784,213
AJQ Armour Energy Ltd 0.006 20% $13,991,989
AMD Arrow Minerals 0.006 20% $17,449,863
AOA Ausmon Resorces 0.006 20% $5,815,736
AXP AXP Energy Ltd 0.003 20% $17,474,042
TRU Truscreen 0.03 20% $11,248,854
IRD Iron Road Ltd 0.12 20% $96,412,363
OBM Ora Banda Mining Ltd 0.12 20% $163,966,107
XTC Xantippe Res Ltd 0.006 20% $63,480,598
QPM Queensland Pacific 0.115 20% $209,561,751
CVR Cavalierresources 0.14 19% $4,408,587
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Human resources stock WooBoard (ASX:WOO) will issue $1m worth of convertible notes at 6% pa interest rate and a conversion price of 1.5c – a 200% premium to the current share price.

Iron ore-gold explorer Mindax (ASX:MDX) has surged since emerging from a year-long suspension March 1.

Its main game is the 80% owned Mt Forrest iron project but drilling of five targets at the Meekatharra gold project should kick off sometime this month, the company said January.

It also has an early stage project, Mt Lucky, which is next door to Great Southern Mining’s (ASX:GSN) 59,000oz Mon Ami deposit.

Security tech stock YPB (ASX:YPB) will use its invisible YPB Tracer technology to address pull tab/instant lottery ticket fraud in the US.

As part of a three-year deal, an initial purchase order of US$19,573 has been placed with Smart-tab Systems LLC to commence the initial rollout.

Prescient Therapeutics (ASX:PTX) has been granted Orphan Drug Designation (ODD) from the US Food and Drug Administration for its PTX-100 drug for the treatment of T cell lymphomas.

And department store Myer (ASX:MYR) climbed after releasing its half-year results.

The retailer reported 24% increase in on pcp to sales of $1.885 billion, for a bottom line NPAT of $65 million which was double the profit it made in the pcp.

 

 

LAST WEEK’S ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks from 03 – 10 Mar:

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

Code Company Price % Week Market Cap
JAN Janison Edu Group 0.395 -23% $93,935,054
PRL Province Resources 0.041 -23% $46,078,233
1AE Aurora Energy Metals 0.1 -23% $14,730,502
HNR Hannans Ltd 0.01 -23% $31,332,955
AIV Activex Limited 0.023 -23% $4,968,059
BUX Buxton Resources Ltd 0.18 -23% $30,340,746
A11 Atlantic Lithium 0.5 -24% $393,732,079
MTM Mt Monger Resources 0.099 -24% $7,076,025
WYX Western Yilgarn NL 0.098 -25% $4,035,885
ADR Adherium Ltd 0.003 -25% $14,989,315
CAQ CAQ Holdings Ltd 0.012 -25% $8,613,435
CCE Carnegie Cln Energy 0.0015 -25% $31,285,147
CYQ Cycliq Group Ltd 0.006 -25% $2,085,100
HXG Hexagon Energy 0.012 -25% $6,667,907
MRD Mount Ridley Mines 0.003 -25% $31,139,531
MRQ Mrg Metals Limited 0.003 -25% $5,957,756
OAU Ora Gold Limited 0.003 -25% $11,810,775
RBR RBR Group Ltd 0.003 -25% $4,220,214
VPR Volt Power Group 0.0015 -25% $16,074,312
XST Xstate Resources 0.0015 -25% $3,215,182
1MC Morella Corporation 0.009 -25% $54,887,224
CLU Cluey Ltd 0.16 -26% $30,876,502
NRX Noronex Limited 0.02 -26% $5,053,830
WOA Wide Open Agriculture 0.155 -26% $20,605,084
HOR Horseshoe Metals Ltd 0.022 -27% $15,166,629
MRI My Rewards International 0.022 -27% $4,498,604
AMN Agrimin Ltd 0.19 -27% $57,670,497
OLI Oliver'S Real Food 0.021 -28% $9,696,102
KNB Koonenberry Gold 0.054 -28% $4,166,604
ATU Atrum Coal Ltd 0.005 -29% $6,958,496
WC1 West Cobar Metals 0.11 -29% $9,502,211
GLVDB Global Oil & Gas 0.014 -30% $4,114,569
IBX Imagion Biosys Ltd 0.016 -30% $17,941,097
APS Allup Silica Ltd 0.051 -31% $1,962,332
AUN Aurumin 0.031 -31% $5,720,263
LDX Lumos Diagnostics 0.031 -31% $7,897,828
OPA Optima Technology 0.039 -32% $9,939,032
PYR Payright Limited 0.028 -32% $7,331,752
CLZ Classic Min Ltd 0.002 -33% $2,532,188
MTH Mithril Resources 0.002 -33% $6,526,180
WBE Whitebark Energy 0.001 -33% $6,464,886
GCY Gascoyne Res Ltd 0.105 -37% $63,352,743
RHY Rhythm Biosciences 0.6 -38% $132,472,229
HFY Hubify Ltd 0.021 -38% $17,364,770
INP Incentiapay Ltd 0.003 -40% $3,795,191
DTR Dateline Resources 0.021 -42% $10,738,506
MBX My Foodie Box limited 0.021 -42% $775,283
NCR Nucoal Resources Ltd 0.005 -44% $4,611,674
BVS Bravura Solution Ltd 0.355 -48% $91,890,981
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Bravura Solutions (ASX:BVS)  launched a fully underwritten A$23m institutional placement and A$57m entitlement offer at $0.40 a pop — a 52.9% discount to the last closing price.

The announcement comes on the heels of Bravura revealing that things are Not Great there at the moment, with its 1H23 results showing a steep decline in revenue, and earnings guidance pointing in the wrong direction, to the tune of a loss of between $19m and $24m.

And it wasn’t a great week for Rhythm Biosciences (ASX:RHY), which plummeted after announcing that it had withdrawn its submission to the TGA for its ColoSTAT bowel cancer screening tech.

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