Rise and Shine: Everything you need to know before the ASX opens
Via Getty
On Stockhead today, In the latest edition of outperform, it’s the future of funds and how to identify the big opportunities of economic turbulence.
Also, Bevis has been digging around the famed Aussie lithium moat. Just how dry is it in there?
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Friday and are expected out in the coming days:
Coda Minerals (ASX:COD) – Elizabeth Creek Copper-Cobalt Project scoping study is about to drop.
MoneyMe (ASX: MME) – Capital raising and finalisation of negotiations on corporate debt facility.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,936.02 (-2.15%)
Silver: $US22.36 (-64%)
Nickel (3mth): $US23,2636/t (+1.01%)
Copper (3mth): $US8518.50/t (+0.16%)
Oil (WTI): $US69.53 (+2.6%)
Oil (Brent): $US75.04 (+1.71%)
Iron 62pc Fe: $US132.00/t (0.00%)
AUD/USD: 0.6665 (-0.82%)
Bitcoin: $US28,017 (+0.35%)
WHAT GOT YOU TALKING?
Gold.
Besra Gold has secured the crucial piece of the puzzle needed to bring its 3Moz Bau gold project into production, signing a funding deal of up to US$300m with major shareholder Quantum Metal Recovery. https://t.co/hVSQBWxBnU #ad #ASX $BEZ
— Stockhead (@StockheadAU) March 21, 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.
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 |
|---|---|---|---|---|---|
| MXC | Mgc Pharmaceuticals | 0.013 | 86% | 27,745,834 | $20,065,131 |
| BEZ | Besragoldinc | 0.061 | 53% | 24,895,142 | $14,154,476 |
| KEY | KEY Petroleum | 0.0015 | 50% | 14,500,000 | $1,967,928 |
| ROO | Roots Sustainable | 0.0015 | 50% | 615,268 | $1,039,220 |
| WBE | Whitebark Energy | 0.0015 | 50% | 360,000 | $6,464,886 |
| MCR | Mincor Resources NL | 1.48 | 42% | 12,085,979 | $557,364,714 |
| RNX | Renegade Exploration | 0.014 | 40% | 66,472,748 | $9,316,838 |
| MTH | Mithril Resources | 0.002 | 33% | 27,494,223 | $4,894,635 |
| GAL | Galileo Mining Ltd | 0.7 | 30% | 2,837,944 | $106,717,461 |
| IPT | Impact Minerals | 0.01 | 25% | 16,816,982 | $19,850,964 |
| ODE | Odessa Minerals Ltd | 0.01 | 25% | 478,179 | $5,655,641 |
| KAI | Kairos Minerals Ltd | 0.021 | 24% | 12,195,972 | $33,389,589 |
| OM1 | Omnia Metals Group | 0.245 | 23% | 818,695 | $5,929,062 |
| BMG | BMG Resources Ltd | 0.011 | 22% | 218,556 | $3,473,925 |
| LVH | Livehire Limited | 0.14 | 22% | 202,174 | $38,730,221 |
| MX1 | Micro-X Limited | 0.12 | 20% | 354,049 | $51,431,428 |
| PR1 | Pureresourceslimited | 0.24 | 20% | 57,592 | $5,030,002 |
| LMLND | Lincoln Minerals | 0.012 | 20% | 1,517,700 | $8,174,781 |
| NGS | NGS Ltd | 0.024 | 20% | 734,604 | $2,966,149 |
| SKF | Skyfii Ltd | 0.071 | 18% | 77,450 | $25,293,179 |
| GRL | Godolphin Resources | 0.065 | 18% | 56,625 | $6,510,320 |
| ADV | Ardiden Ltd | 0.007 | 17% | 242,999 | $16,130,012 |
| IVX | Invion Ltd | 0.007 | 17% | 6,588,606 | $38,520,552 |
| CG1 | Carbonxt Group | 0.053 | 15% | 875,623 | $12,663,748 |
| GTR | Gti Energy Ltd | 0.0115 | 15% | 12,918,334 | $15,054,836 |
MGC Pharmaceuticals (ASX:MXC) gained 85.7% on news that the company is set to expand its addressable market in the US after ArtemiC was listed as an over-the-counter (OTC) status on the FDA’s National Drug Code Database (NDC).
Besra Gold (ASX:BEZ), went soaring with a 55.0% leap on news that it’s inked an (up to) US$300m gold pre-purchase and offtake non-binding drawdown funding facility term sheet with major shareholder Quantum Metal Recovery.
Meanwhile, Mincor Resources (ASX:MCR) is surging on news of a takeover offer from The Wyloo Group, for the whole Mincor kit and kaboodle on market at $1.40 cash per share.
It’ closed at $1.47 per share, a rise of 41.1% for the day.
Galileo Mining (ASX:GAL), jumped on news that it’s drilled into a monster 72m intercept at the Callisto palladium-nickel discovery within GAL’s 100% owned Norseman project in Western Australia.
The intercept: 72m @ 1.16g/t 3E1 (0.95g/t Pd, 0.16g/t Pt, 0.05g/t Au), 0.20% Cu & 0.24% Ni from 498m, which includes a handsomely higher-grade interval of 39m @ 1.46g/t 3E (1.19g/t Pd, 0.20g/t Pt, 0.06g/t Au), 0.26% Cu & 0.28% Ni from 503m.
ASX SMALL CAP LAGGARDS
Here are the least best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| SIH | Sihayo Gold Limited | 0.001 | -50% | 1,019,649 | $12,204,256 |
| VPR | Volt Power Group | 0.001 | -33% | 2,949,932 | $16,074,312 |
| ARE | Argonaut Resources | 0.0015 | -25% | 803,000 | $12,723,743 |
| CLZ | Classic Min Ltd | 0.0015 | -25% | 19,344,662 | $3,675,564 |
| DTI | DTI Group Ltd | 0.015 | -25% | 150,000 | $8,971,028 |
| HNR | Hannans Ltd | 0.007 | -22% | 6,792,385 | $24,521,443 |
| AUK | Aumake Limited | 0.004 | -20% | 356,400 | $4,372,235 |
| AYT | Austin Metals Ltd | 0.004 | -20% | 943,388 | $5,079,373 |
| THR | Thor Energy PLC | 0.004 | -20% | 1,000,000 | $7,390,564 |
| BBX | BBX Minerals Ltd | 0.115 | -18% | 220,591 | $68,701,007 |
| VML | Vital Metals Limited | 0.0175 | -17% | 43,377,018 | $111,429,145 |
| AE1 | Aerison | 0.125 | -17% | 5,786 | $48,515,623 |
| MRQ | Mrg Metals Limited | 0.0025 | -17% | 580,000 | $5,957,756 |
| RBR | RBR Group Ltd | 0.0025 | -17% | 500,000 | $4,795,214 |
| XSTDA | Xstate Resources | 0.01 | -17% | 462,500 | $3,858,218 |
| PYR | Payright Limited | 0.023 | -15% | 2,899 | $15,178,845 |
| SFM | Santa Fe Minerals | 0.058 | -15% | 20,000 | $4,951,678 |
| CXU | Cauldron Energy Ltd | 0.006 | -14% | 1,079,071 | $6,520,976 |
| AEI | Aeris Environmental | 0.031 | -14% | 130,000 | $8,843,204 |
| PCL | Pancontinental Energ | 0.0095 | -14% | 31,144,371 | $83,096,451 |
| 4DS | 4Ds Memory Limited | 0.032 | -14% | 50,276,915 | $54,751,321 |
| REZ | Resourc & En Grp Ltd | 0.013 | -13% | 46,733 | $7,497,087 |
| ORN | Orion Minerals Ltd | 0.014 | -13% | 80,000 | $76,085,595 |
| TAR | Taruga Minerals | 0.014 | -13% | 2,431,827 | $11,296,429 |
| CMX | Chemxmaterials | 0.105 | -13% | 30,009 | $6,079,335 |
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