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.



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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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:

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.



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: