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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, It’s a big one for medtech and for kicking some cancer ass, as our American friends would say. When not facing another banking crisis.
Volpara share price has risen 44% so far in ’23 after a string of wins and a maiden profitable quarter. Now, as the US FDA is finalising new breast density therapy regulations, the cancer-fighting stock is on the edge of a step-change, Nadine corners VHT’s new CEO Teri Thomas.
Speaking of the big and awful C… people are just about done with chemo. If you or someone you love has had a spray, we’re speaking your language.
Brokers are starting to sense the change and one man wondering if sciences like immunotherapy can do in chemo is Eddy Sunarto, he speaks to health sector analysts for their best picks – as well as another man who already knows, Immutep CEO, Mark Voigt.
Meanwhile, our Josh Chiat is overboard with these key ASX lithium miners who’ve all revealed plans to head downstream and produce lithium hydroxide…
But first, the day ahead…
TRADING HALTS
The following stocks went into trading halts Friday and are expected out in the coming days:
Orion Minerals (ASX:ORN) – Capital raising.
Dorsavi (ASX:DVL) – Capital raising.
Zelira Therapeutics (ASX:ZLD) – Capital raising.
Adavale Resources (ASX:ADD) – Capital raising.
Brightstar Resources (ASX:BTR) – Change of control transaction with Kingwest Resources (ASX:KWR).
Recharge Metals (ASX:REC) – Material project acquisition and capital raising.
PPK Group (ASX:PPK) – Material acquisition.
Kingwest Resources (ASX:KWR) – Change of control transaction with Brightstar Resources (ASX:BTR).
intelliHR (ASX:IHR) – Takeover offer from Humanforce.
Hills (ASX:HIL) – Capital raising.
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?
The US and the Euro trash talking critical minerals…
– The US and European Union agree to begin negotiations on a targeted #criticalminerals agreement
– @AzureMinerals attracts the interest of SQM for its first major #investment in a junior miner in Australia https://t.co/hMWakevX0r #ASX #lithium @ArizonaLithium @anson_ir $RGL— Stockhead (@StockheadAU) March 13, 2023
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.
MONDAY’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| EAX | Energy Action Ltd | 0.165 | 50% | 19,717 | $2,968,746 |
| MGG | Mogul Games Grp Ltd | 0.002 | 33% | 1,653,435 | $4,895,162 |
| MRD | Mount Ridley Mines | 0.004 | 33% | 6,480,928 | $23,354,649 |
| VPR | Volt Power Group | 0.002 | 33% | 655,333 | $16,074,312 |
| MOH | Moho Resources | 0.019 | 27% | 651,263 | $3,114,933 |
| FRX | Flexiroam Limited | 0.05 | 25% | 913,905 | $25,676,531 |
| MHC | Manhattan Corp Ltd | 0.006 | 20% | 159,800 | $8,773,307 |
| NVU | Nanoveu Limited | 0.024 | 20% | 1,276,713 | $6,785,406 |
| NEU | Neuren Pharmaceuticals | 9.14 | 19% | 3,287,138 | $968,457,735 |
| GWR | GWR Group Ltd | 0.09 | 18% | 599,115 | $24,412,466 |
| AKM | Aspire Mining Ltd | 0.061 | 17% | 158,762 | $26,397,123 |
| GFN | Gefen Int | 0.049 | 17% | 88,000 | $2,860,205 |
| GTG | Genetic Technologies | 0.0035 | 17% | 250,000 | $34,624,974 |
| CMM | Capricorn Metals | 4.38 | 16% | 2,755,510 | $1,424,123,483 |
| WGX | Westgold Resources | 1.075 | 15% | 3,524,659 | $442,837,253 |
| TNY | Tinybeans Group Ltd | 0.27 | 15% | 102,500 | $14,425,582 |
| RLC | Reedy Lagoon Corp | 0.008 | 14% | 20,000 | $3,967,037 |
| TAS | Tasman Resources Ltd | 0.008 | 14% | 987,091 | $4,698,361 |
| OLI | Oliver'S Real Food | 0.024 | 14% | 171,205 | $9,255,370 |
| IHR | intelliHR Limited | 0.165 | 14% | 1,313,391 | $49,298,712 |
| TG1 | Techgen Metals Ltd | 0.068 | 13% | 283,181 | $3,319,011 |
| LDX | Lumos Diagnostics | 0.035 | 13% | 635,000 | $7,419,172 |
| BUY | Bounty Oil & Gas NL | 0.009 | 13% | 411,110 | $10,964,008 |
| KAI | Kairos Minerals Ltd | 0.018 | 13% | 1,959,134 | $31,425,496 |
| LSR | Lodestar Minerals | 0.0045 | 13% | 1,251,057 | $6,953,749 |
Moho Resources (ASX:MOH) up nearly 27% on news that it’s completed a drill program at its Burracoppin Project in WA, on the hunt for both REEs and gold.
Moho says that it has found “a soil gold anomalism coincident with elevated arsenic values and proximal to shearing and folding, which it believes could be related to sulphide mineralisation in the underlying bedrock” #SoundsDelish.
Flexiroam (ASX:FRX) is at it again, spiking 25% on absolutely no news since it responded to an ASX speeding ticket from the last time it did the same thing – but it’s keeping good company with a lot of other minnows moving around for no discernible reason, other than “the market’s being a bit weird”.
IntelliHR (ASX:IHR), gained 14% after a counteroffer from Humanforce Holdings came in over the top of a bid by The Access Group to snatch IHR out from under its nose.
Humanforce Holdings had originally offered up $0.11 per share for IHR, which TAG tried to knock off the table with a $0.14 bid of its own.
Humanforce has come back with a $0.165 cash per share, (a 17.86% premium on the TAG offer), and has agreed to delete the IHR material adverse change condition from its original offer as well.
MONDAY’S ASX SMALL CAP LAGGARDS
Here are the worst performing ASX small cap stocks::
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AVW | Avira Resources Ltd | 0.002 | -33% | 747 | $6,401,370 |
| MEB | Medibio Limited | 0.001 | -33% | 5,333,500 | $6,225,891 |
| PRM | Prominence Energy | 0.001 | -33% | 400,000 | $3,636,913 |
| FODDB | The Food Revolution | 0.08 | -27% | 76,921 | $26,035,946 |
| OSX | Osteopore Limited | 0.087 | -24% | 623,845 | $14,252,514 |
| CTN | Catalina Resources | 0.0055 | -21% | 32,824 | $8,669,408 |
| HCT | Holista CollTech Ltd | 0.015 | -21% | 136,858 | $5,297,201 |
| NC6 | Nanollose Limited | 0.04 | -20% | 208,843 | $7,444,318 |
| EMU | EMU NL | 0.002 | -20% | 3,547,250 | $3,089,761 |
| BDX | BCALl Diagnostics | 0.051 | -18% | 455,465 | $8,437,872 |
| TRM | Truscott Mining Corp | 0.042 | -18% | 12,300 | $8,525,010 |
| 8IH | 8I Holdings Ltd | 0.02 | -17% | 86,843 | $8,576,544 |
| AOA | Ausmon Resorces | 0.005 | -17% | 1,061,236 | $5,815,736 |
| CT1 | Constellation Tech | 0.005 | -17% | 68,448 | $8,827,202 |
| NAE | New Age Exploration | 0.005 | -17% | 1,099,619 | $8,615,393 |
| PKO | Peako Limited | 0.01 | -17% | 3,731,329 | $4,550,583 |
| TD1 | Tali Digital Limited | 0.0025 | -17% | 5,000,148 | $8,325,467 |
| JPR | Jupiter Energy | 0.027 | -16% | 135,290 | $39,355,204 |
| W2V | Way2Vatltd | 0.011 | -15% | 425,000 | $2,861,975 |
| MRL | Mayur Resources Ltd | 0.14 | -15% | 466,048 | $48,766,821 |
| BUR | Burleyminerals | 0.23 | -15% | 134,843 | $16,581,876 |
| BLG | Bluglass Limited | 0.064 | -15% | 12,472,592 | $101,216,377 |
| DAL | Dalaroometalsltd | 0.059 | -14% | 102,116 | $2,061,375 |
| MM1 | Midas Minerals | 0.15 | -14% | 99,770 | $9,998,059 |
| PFE | Panteraminerals | 0.09 | -14% | 58,685 | $5,407,618 |
