On Stockhead today, The Fed raised for the 9th time overnight, (25bps), but some careful changes to the post-meeting FOMC statement suggests they could be done with just repeating without much rinsing.
And how good is gold?
China reckons they’ve just found a stack of it in Shandong Province.
Josh Chiat gets to the bottom of that.
Closer to home, Manuka Resources’ (ASX:MKR) says plans are done to reopen Mt Boppy for production in the June quarter.
Lot’s happening.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts and are expected out in the coming days:
Little Green Pharma (ASX:LGP) – Capital raising.
Grand Gulf Energy (ASX:GGE) – Capital raising.
BelaraRox (ASX:BRX) – Project acquisition.
Race Oncology (ASX:RAC) – Board reshuffle.
National Storage REIT (ASX:NSR) – Institutional placement.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,938.52 (+1.76%)
Silver: $US24.36 (+2.7%)
Nickel (3mth): $US23,2636/t (+1.01%)
Copper (3mth): $US8518.50/t (+0.16%)
Oil (WTI): $US70.05 (+0.53%)
Oil (Brent): $US76.14 (+1.05%)
Iron 62pc Fe: $US132.00/t (0.00%)
AUD/USD: 0.6665 (-0.82%)
Bitcoin: $US28,017 (+0.35%)
WHAT GOT YOU TALKING?
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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.
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 |
|---|---|---|---|---|---|
| LRL | Labyrinth Resources | 0.0145 | 61% | 3,094,421 | $8,635,386 |
| TMT | Technology Metals | 0.315 | 34% | 741,759 | $49,308,771 |
| CCE | Carnegie Cln Energy | 0.002 | 33% | 1,601,581 | $23,463,861 |
| CXU | Cauldron Energy Ltd | 0.008 | 33% | 3,813,837 | $5,589,408 |
| FIN | FIN Resources Ltd | 0.016 | 33% | 528,856 | $6,767,758 |
| RR1 | Reach Resources Ltd | 0.004 | 33% | 1,217,773 | $7,132,652 |
| LBY | Laybuy Group Holding | 0.035 | 30% | 3,801,255 | $6,953,315 |
| NET | Netlinkz Limited | 0.009 | 29% | 27,163,184 | $24,443,421 |
| RCL | Readcloud | 0.064 | 28% | 217,286 | $6,091,864 |
| BPH | BPH Energy Ltd | 0.023 | 28% | 42,801,982 | $15,796,781 |
| CL8 | Carly Holdings Ltd | 0.025 | 25% | 320,192 | $4,087,408 |
| IRX | Inhalerx Limited | 0.05 | 25% | 70,000 | $7,590,678 |
| AOA | Ausmon Resorces | 0.005 | 25% | 500,154 | $3,877,157 |
| HNR | Hannans Ltd | 0.01 | 25% | 6,400,042 | $21,796,838 |
| NES | Nelson Resources. | 0.005 | 25% | 3,470,287 | $2,354,377 |
| THR | Thor Energy PLC | 0.005 | 25% | 2,239,898 | $5,912,451 |
| MKR | Manuka Resources. | 0.067 | 24% | 1,578,075 | $27,151,283 |
| BEZ | Besragoldinc | 0.074 | 23% | 9,006,090 | $21,231,713 |
| NGS | NGS Ltd | 0.029 | 21% | 52,142 | $3,559,379 |
| FOD | The Food Revolution | 0.12 | 20% | 178,503 | $23,669,079 |
| SGI | Stealth Global | 0.12 | 20% | 9,598 | $9,970,000 |
| CTN | Catalina Resources | 0.006 | 20% | 1,408,465 | $6,192,434 |
| MRQ | Mrg Metals Limited | 0.003 | 20% | 500,000 | $4,964,797 |
| WOO | Wooboard Tech Ltd | 0.012 | 20% | 920,914 | $2,299,549 |
| DTM | Dart Mining NL | 0.045 | 18% | 40,000 | $5,913,581 |
A mysterious surge in activity around mining minnow Labyrinth Resources (ASX:LRL) propelled it into top spot with a 6x spike against its 4-week average volume driving it 66.7% ahead.
Manuka Resources (ASX:MKR) gained 29.6% after announcing that it’s ready to recommence gold production at Mt Boppy, with a build-up targeting approximately 25koz per year of gold for about three years.
BPH Energy (ASX:BPH) saw some serious gains after being reinstated to trading after a three-month suspension by the ASX.
BPH was bounced after a major national news outlet published claims that the 30.7% BPH-owned PEP-11 gas project could be pumping out product by 2024, after BPH reportedly seeded the story through a small-caps focused website.
LayBuy (ASX:LBY) jumped 29.6% ahead of delisting on Friday, and Besra Gold (ASX:BEZ) added another 26.7% to yesterday’s cracking haul, which came 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.
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 |
|---|---|---|---|---|---|
| MCT | Metalicity Limited | 0.002 | -33% | 234,907 | $10,513,618 |
| MEB | Medibio Limited | 0.001 | -33% | 50,000 | $6,225,891 |
| REM | Remsensetechnologies | 0.087 | -33% | 602,631 | $4,740,004 |
| NNG | Nexion Group | 0.02 | -26% | 1,863,969 | $4,112,312 |
| CLZ | Classic Min Ltd | 0.0015 | -25% | 86,556,710 | $3,675,564 |
| MXC | Mgc Pharmaceuticals | 0.01 | -23% | 9,548,086 | $37,263,815 |
| SIX | Sprintex Ltd | 0.038 | -22% | 332,085 | $12,463,362 |
| YPB | YPB Group Ltd | 0.004 | -20% | 5,457,401 | $2,082,731 |
| WBT | Weebit Nano Ltd | 5.59 | -19% | 4,087,666 | $1,205,067,534 |
| AU1 | The Agency Group Aus | 0.025 | -19% | 213,903 | $13,285,874 |
| LCT | Living Cell Tech. | 0.009 | -18% | 120,998 | $15,239,001 |
| TGM | Theta Gold Mines Ltd | 0.05 | -17% | 410,000 | $37,140,544 |
| NAE | New Age Exploration | 0.005 | -17% | 700,000 | $8,615,393 |
| ROC | Rocketboots | 0.093 | -15% | 271,839 | $3,492,500 |
| MPR | Mpower Group Limited | 0.017 | -15% | 50,406 | $5,874,066 |
| PR1 | Pureresourceslimited | 0.205 | -15% | 48,262 | $6,036,002 |
| RTH | Ras Tech | 0.47 | -15% | 6,800 | $25,002,222 |
| ORN | Orion Minerals Ltd | 0.012 | -14% | 1,569,625 | $66,574,895 |
| RIE | Riedel Resources Ltd | 0.006 | -14% | 797,418 | $9,601,949 |
| AYA | Artryalimited | 0.225 | -13% | 713,157 | $16,326,316 |
| MGA | Metalsgrovemining | 0.13 | -13% | 25,828 | $5,400,075 |
| GIB | Gibb River Diamonds | 0.052 | -13% | 465,338 | $12,690,567 |
| NWM | Norwest Minerals | 0.027 | -13% | 1,086,134 | $6,885,329 |
| KNM | Kneomedia Limited | 0.007 | -13% | 528,904 | $12,038,283 |
| MRD | Mount Ridley Mines | 0.0035 | -13% | 500,000 | $31,139,531 |