On Stockhead today, Eddy Sunarto reveals a few extra exciting big calls from the brokers at Taylor Collison – Genetic Signatures (ASX: GSS) with an Outperform recommendation and a price target near triple what it is now is a mere taste.
On the rattled BNPL front, Shaw and Partners is out front on the renaissance, they reckon it’s time put in or Zip up… Er.. They think Zip Co (ASX:ZIP) is a Buy.
Meanwhile… Tall Popple syndrome?
Well, Reuben Adams has it after talking gold with Brookvale’s most London-based investment savant, Simon Popple.
We’ve got underperforming funds, outperforming LICs and fair-to-middling lithium. Bevis, once again, has Got Gas.
And the NSW Open is teeing off in the Metaverse.
But first, the day ahead.
LOCAL DATA DUMP: THURSDAY
- CBA household spending indicator
- AU overseas arrivals (December/January)
- AU Labour force for January
- NZ GDP
TRADING HALTS
The following stocks went into trading halts yesterday and are expected out in the coming days:
Close the Loop (ASX:CLG) – Capital raising.
Australian Potash (ASX:APC) – Capital raising.
Enegex (ASX:ENX) – Equity placement.
Corella Resources (ASX:CR9) – Assay results from Whitecap and Whitehills prospects and capital raising.
Prospech (ASX:PRS) – Capital raising.
Neurotech International (ASX:NTI) – Final 54 week safety and efficacy data from its phase-1/2 clinical trial in autism spectrum disorder.
Magnis Energy Technologies (ASX:MNS) – Capital raising.
Payright (ASX:PYR) – Capital raising.
New Century Resources (ASX:NCZ) – announcement relating to the effect of recent weather events on its operations.
Volt Resources (ASX:VRC) – Offtake agreement announcement.
White Rock Minerals (ASX:WRM) – Material update of operations at the Woods Point gold project.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,915.61 (+0.70%)
Silver: $US22.03 (+1.54%)
Nickel (3mth): $US23,040/t (-0.36%)
Copper (3mth): $US8833.50/t (-1.09%)
Oil (WTI): $US70.25 (-1.50%)
Oil (Brent): $US76.08 (-1.71%)
Iron 62pc Fe: $US133.5/t (+0.38%)
AUD/USD: 0.6645 (-0.52%)
Bitcoin: $US24,674 (+0.15%)
WHAT GOT YOU TALKING YESTERDAY?
Looks like Robinhood is up to their old tricks.
“Unlike the great meme stock rally of 2021, this brouhaha revolves around put options and how users of the broker’s app aren’t able to cash in on the collapse of Silicon Valley Bank and Signature Bank even as their bets are in the money,” says Forbes, which would like you to forget about this faux pas:
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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 |
|---|
| G88 | Golden Mile Res Ltd | 0.003 | 200% | 432,500 | $81,836 |
| VTG | Vita Group Ltd | 0.14 | 75% | 8,396,788 | $14,069,747 |
| IEC | Intra Energy Corp | 0.006 | 50% | 5,023,333 | $2,823,126 |
| CCE | Carnegie Cln Energy | 0.002 | 33% | 270,121 | $23,463,861 |
| CLE | Cyclone Metals | 0.002 | 33% | 5,311,753 | $10,112,605 |
| GNM | Great Northern | 0.004 | 33% | 1,450,491 | $5,127,153 |
| REC | Rechargemetals | 0.145 | 32% | 2,353,137 | $4,377,450 |
| EEL | Enrg Elements Ltd | 0.026 | 30% | 6,850,352 | $18,584,685 |
| SIX | Sprintex Ltd | 0.039 | 30% | 53,794 | $7,630,630 |
| MMI | Metro Mining Ltd | 0.014 | 27% | 25,822,333 | $48,002,126 |
| EMU | EMU NL | 0.0025 | 25% | 6,113,382 | $2,900,043 |
| ICR | Intelicare Holdings | 0.02 | 25% | 943,194 | $3,342,647 |
| MCT | Metalicity Limited | 0.0025 | 25% | 50,000 | $7,009,079 |
| OLI | Oliver'S Real Food | 0.023 | 21% | 501,434 | $8,373,906 |
| VAR | Variscan Mines Ltd | 0.023 | 21% | 1,678,993 | $5,067,908 |
| DCL | Domacom Limited | 0.06 | 20% | 767,951 | $21,775,089 |
| PIL | Peppermint Inv Ltd | 0.006 | 20% | 3,723,378 | $10,189,284 |
| TKL | Traka Resources | 0.006 | 20% | 296,662 | $3,613,873 |
| BDX | Bcaldiagnostics | 0.061 | 20% | 100,000 | $6,940,830 |
| NEU | Neuren Pharmaceut. | 11.89 | 19% | 2,849,360 | $1,258,868,790 |
| AKN | Auking Mining Ltd | 0.07 | 19% | 313,587 | $10,526,462 |
| GWR | GWR Group Ltd | 0.1 | 18% | 368,780 | $27,303,416 |
| OPL | Opyl Limited | 0.034 | 17% | 100,015 | $2,201,419 |
| RBX | Resource B | 0.14 | 17% | 5,989 | $6,848,380 |
| WOA | Wide Open Agricultur | 0.175 | 17% | 388,253 | $19,317,266 |
Vita Group (ASX:VTG) received an all-cash takeover offer from Practice Management at $0.06255 per share.
Under the terms of the deal, VTG will be permitted to pay a fully franked special dividend of up to $0.06425 per VTG share on or before the scheme implementation date.
If the dividend goes ahead, it would have up to $0.02754 per VTG share in franking credits attached.
It’s a big win for VTG shareholders, who would be in line for a total value of up to $0.12680 per VTG share, before the benefit of any franking credits.
Recharge Metals (ASX:REC) is buying the 73.5sqkm ‘Express’ lithium exploration project in the popular James Bay region of Quebec, Canada.
Project vendor DG Resource Management previously identified, acquired and vended the Corvette property to red hot lithium play Patriot Battery Metals (TSX-V:PMET, ASX:PMT).
And Intra Energy Corp (ASX:IEC) received the final $1m payment for the sale of a Tanzanian project.
YESTERDAY’S ASX SMALL CAP LOSERS
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 |
|---|
| KEY | KEY Petroleum | 0.001 | -33% | 5,073 | $2,951,892 |
| IRX | Inhalerx Limited | 0.031 | -31% | 7,058 | $8,539,513 |
| GTG | Genetic Technologies | 0.003 | -25% | 1,000,000 | $46,166,633 |
| MRD | Mount Ridley Mines | 0.003 | -25% | 2,032,975 | $31,139,531 |
| MTH | Mithril Resources | 0.0015 | -25% | 619,946 | $6,526,180 |
| LAW | Lawfinance Ltd | 0.01 | -23% | 19,429 | $830,280 |
| PVS | Pivotal Systems | 0.028 | -20% | 1,028,450 | $5,582,631 |
| SRJ | SRJ Technologies | 0.08 | -20% | 100,000 | $9,463,517 |
| TD1 | Tali Digital Limited | 0.002 | -20% | 130,000 | $6,937,889 |
| VAL | Valor Resources Ltd | 0.004 | -20% | 1,091,000 | $18,865,174 |
| POL | Polymetals Resources | 0.21 | -19% | 43,947 | $11,747,500 |
| MXO | Motio Ltd | 0.034 | -19% | 212,332 | $10,980,256 |
| TIA | Tian An Aust Limited | 0.27 | -18% | 26,363 | $28,580,914 |
| LCY | Legacy Iron Ore | 0.015 | -17% | 262,052 | $115,322,872 |
| BEX | Bikeexchange Ltd | 0.01 | -17% | 608,754 | $11,182,118 |
| PNX | PNX Metals Limited | 0.0025 | -17% | 1,611,605 | $16,141,874 |
| RLG | Roolife Group Ltd | 0.01 | -17% | 1,799,594 | $8,586,698 |
| XTC | Xantippe Res Ltd | 0.005 | -17% | 7,325,320 | $63,480,598 |
| X2M | X2M Connect Limited | 0.078 | -16% | 329,888 | $13,101,261 |
| MCM | Mc Mining Ltd | 0.16 | -16% | 18,400 | $75,559,502 |
| MBX | Myfoodieboxlimited | 0.017 | -15% | 19,230 | $738,364 |
| LAM | Laramide Res Ltd | 0.485 | -15% | 6,268 | $724,557 |
| HRZ | Horizon | 0.042 | -14% | 1,437,066 | $30,519,465 |
| ADD | Adavale Resource Ltd | 0.015 | -14% | 1,076,365 | $9,091,707 |
| CPT | Cipherpoint Limited | 0.006 | -14% | 624,705 | $8,005,717 |
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