On Stockhead today, 8 ASX ‘undervalued’ resources stocks the big players are watching, the worst of the global food crisis is yet to come, and space wars. Yes, space wars!

But first, the day ahead. It’s Budget Day, by the way, icymi. We’ll start covering it this afternoon in our Closing Bell newsletter.

 

TRADING HALTS

The following companies are in trading halts, and are expected out in the next few days:

Cycliq Group (ASX:CYQ) — Partnership agreement

Vimy Resources (ASX:VMY) — Potential transaction

Deep Yellow (ASX:DYL) — Potential control transaction

Kogi Iron (ASX:KFE) — Capital raising

Carnarvon Energy (ASX:CVN) — Capital raising

Latin Resources (ASX:LRS) — Assay results, Salinas lithium project (Brazil)

 

MARKETS (updated at 8am AEDT)

Gold: $US1,922.35 (-1.79%)

Silver: $US24.89 (-2.43%)

Oil (WTI): $US103.93 (-8.75%)

Oil (Brent): $US109.76(-9.7%)

Aust Coking Coal (steelmaking): $595/t (0.00%)

Newcastle Coal (thermal): $261/t (-20%)

Iron 62pc Fe: $US150.14 (+0.18%)

AUD/USD: $US0.7494 (-0.07%)

Bitcoin: $US47,677 (+2.24%)

 

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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

YESTERDAY’S BIGGEST SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for March 21 – March 25 [intraday]:

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

Code Description Price % Volume
TEM Tempest Minerals 0.084 265.2% 332,004,209
EVE EVE Health Group Ltd 0.002 100.0% 16,000,303
OXX Octanex Ltd 0.03 57.9% 588,312
ANW Aus Tin Mining 0.0015 50.0% 30,663,165
KLL Kalium Lakes Ltd 0.105 38.2% 19,270,729
DAF Discovery Alaska Ltd 0.035 34.6% 1,725,361
RIE Riedel Resources Ltd 0.014 27.3% 3,921,568
CVV Caravel Minerals Ltd 0.3 25.0% 909,786
CXM Centrex Limited 0.15 25.0% 9,465,259
FEG Far East Gold 0.25 25.0% 1,871,245
AMD Arrow Minerals 0.005 25.0% 2,688,517
BAS Bass Oil Ltd 0.0025 25.0% 9,197,496
DMM Dmcmininglimited 0.15 20.0% 729,591
PCL Pancontinental Energ 0.006 20.0% 14,958,876
ROO Roots Sustainable 0.006 20.0% 836,147
VPR Volt Power Group 0.003 20.0% 215,012
PEC Perpetual Res Ltd 0.066 20.0% 525,476
REY REY Resources Ltd 0.155 19.2% 11,724
APC Aust Potash Ltd 0.082 18.8% 16,253,863
KED Keypath Education 2.44 18.4% 14,062
ATV Activeportgroupltd 0.14 16.7% 7,209
AYM Australia United Min 0.007 16.7% 182,857
DDD 3D Resources Limited 0.0035 16.7% 7,719,683
N1H N1 Holdings Ltd 0.25 16.3% 34,976
WEL Winchester Energy 0.022 15.8% 2,322,467
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Tempest started yesterday with a bang, and things got even better through the course of the session as investors re-rated the stock following a big copper discovery from the first drill-holes at Orion, part of its flagship ‘Meleya’ project in WA.

The stock closed at 2.3c on Friday following a 15% jump, before surging by almost 300% in Monday trade to close at 8.7c.

Tempest’s drill program pulled up three mineralised copper sections, including one to “end of hole” which suggests the mineralisation continues at depth.

Riedel Resources (ASX:RIE) said its reverse circulation drill program remains on track at its Kingman gold project in Arizona, with first assay results due in June or “hopefully sooner, subject to laboratory turnaround”, the company said.

And gold explorer Octanex (ASX:OXX) surged by more than 50% on no news.

Based in WA, the company is on the hunt for large scale gold systems via three projects in the Eastern Goldfields.

 

YESTERDAY’S BIGGEST SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for March 21 – March 25 [intraday]:

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

Code Company Price % Volume
ALT Analytica Limited 0.001 -50.0% 1,000,000
URF US Masters Res Fund 0.19 -44.9% 4,860,866
JAV Javelin Minerals Ltd 0.0015 -25.0% 550,913
AEV Avenira Limited 0.017 -19.0% 17,803,821
PGY Pilot Energy Ltd 0.039 -18.8% 21,197,870
GCY Gascoyne Res Ltd 0.295 -16.9% 2,306,722
PNX PNX Metals Limited 0.005 -16.7% 4,167,065
DM1 Desert Metals 0.375 -14.8% 266,697
GRL Godolphin Resources 0.145 -14.7% 53,504
BUD Buddy Tech 0.006 -14.3% 716,218
HHI Health House Int Ltd 0.024 -14.3% 1,268,089
ODE Odessa Minerals Ltd 0.012 -14.3% 936,531
WWG Wisewaygroupltd 0.195 -14.3% 66,305
XST Xstate Resources 0.003 -14.3% 3,790,000
TIA Tian An Aust Limited 0.25 -13.8% 126
SGC Sacgasco Ltd 0.025 -13.8% 336,295
TTT Titomic Limited 0.225 -13.5% 540,564
BTN Butn Limited 0.26 -13.3% 104,166
FFF Forbidden Foods 0.135 -12.9% 89,743
AQX Alice Queen Ltd 0.007 -12.5% 180,000
AXP AXP Energy Ltd 0.007 -12.5% 4,443,343
XTC Xantippe Res Ltd 0.007 -12.5% 103,907,201
MWY Midway Ltd 0.905 -12.1% 71,774
HHR Hartshead Resources 0.022 -12.0% 1,730,497
PAM Pan Asia Metals 0.515 -12.0% 803,553
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