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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, why all sands are not created equal, Reuby runs the ruler over March’s top miners and explorers, and gas caps experts back to leap the energy gap.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Monday and are expected out in the coming days:
Alicanto Minerals (ASX:AQI) – Capital raising.
Invictus Energy (ASX:IVZ) – Capital raising.
Roots Sustainable Agricultural Technologies (ASX:ROO) – Capital raising.
Pacific Nickel Mines (ASX:PNM) – Announcement regarding financing of the Kolosori Nickel Project in the Solomon Islands.
Aldoro Resources (ASX:ARN) – Capital raising.
Cynata Therapeutics (ASX:CYP) – Capital raising.
Avenira (ASX:AEV) – Capital raising.
St Barbara (ASX:SBM) – Announcement concerning the status of the Genesis Minerals transaction.
Genesis Minerals (ASX:GMD) – Announcement concerning the status of the St Barbara transaction.
Kalium Lakes (ASX:KLL) – Management team changes.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,969.17 (+0.81%)
Silver: $US24.08 (-0.44%)
Nickel (3mth): $US23,199/t (-2.29%)
Copper (3mth): $US9001.00/t (-0.02%)
Oil (WTI): $US80.50 (+6.51%)
Oil (Brent): $US80.09 (+6.34%)
Iron 62pc Fe: $US127/t (+0.83%)
AUD/USD: 0.65685 (-0.33%)
Bitcoin: $US27,773 (-1.08%)
WHAT GOT YOU TALKING?
Why, it’s lithium in Europe…
European Lithium is looking to add value to its remaining shares on issue by buying back up to 100 million shares worth a total of about $6.9m.https://t.co/KCwOyLri77 #ad #ASX $EUR
— Stockhead (@StockheadAU) April 4, 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 Twitter is the place to get and share 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 Monday’s best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| NAGR | Nagambie Resources | 0.002 | 100% | 1,250,000 | $107,139 |
| CLZ | Classic Min Ltd | 0.0015 | 50% | 43,129,027 | $2,437,440 |
| BEZ | Besragoldinc | 0.175 | 40% | 13,864,530 | $44,232,736 |
| GCR | Golden Cross | 0.004 | 33% | 500,000 | $3,291,768 |
| LNU | Linius Tech Limited | 0.004 | 33% | 1,903,340 | $9,689,239 |
| PRM | Prominence Energy | 0.002 | 33% | 963,926 | $3,636,913 |
| LIS | Lisenergylimited | 0.34 | 33% | 6,405,465 | $42,308,118 |
| CVR | Cavalierresources | 0.13 | 30% | 115,076 | $3,040,405 |
| QPM | Queensland Pacific | 0.135 | 29% | 34,460,260 | $183,366,532 |
| AWJ | Auric Mining | 0.066 | 27% | 378,535 | $6,804,699 |
| ARV | Artemis Resources | 0.015 | 25% | 2,228,834 | $18,737,020 |
| WEC | White Energy Company | 0.14 | 22% | 4,940 | $4,665,468 |
| FFF | Forbidden Foods | 0.018 | 20% | 27,400 | $1,994,708 |
| IMI | Infinitymining | 0.18 | 20% | 54,772 | $11,471,748 |
| CTO | Citigold Corp Ltd | 0.006 | 20% | 250,000 | $14,368,295 |
| HRE | Heavy Rare Earths | 0.11 | 20% | 307,161 | $5,472,890 |
| GRV | Greenvale Energy Ltd | 0.13 | 18% | 375,681 | $46,857,443 |
| IGN | Ignite Ltd | 0.07 | 17% | 151,778 | $5,374,931 |
| GTG | Genetic Technologies | 0.0035 | 17% | 520,247 | $34,624,974 |
| MRD | Mount Ridley Mines | 0.0035 | 17% | 1,839,463 | $23,354,649 |
| ESK | Etherstack PLC | 0.46 | 16% | 132,277 | $51,769,491 |
| ICR | Intelicare Holdings | 0.022 | 16% | 524,897 | $3,969,393 |
| MME | Moneyme Limited | 0.105 | 15% | 1,652,923 | $25,775,498 |
| NOX | Noxopharm Limited | 0.115 | 15% | 757,093 | $29,223,795 |
| BOD | BOD Science Ltd | 0.07 | 15% | 166,490 | $9,340,411 |
Besra Gold (ASX:BEZ) jumped 36% to be up over 286% for the month on news that the “Initial Payment” of US$2m from Quantum Metal Recovery Inc has been sent, and is being held in trust pending satisfaction of the Conditions Precedent as set out in the non-binding Term Sheet for a US$300m Offtake Funding Facility announced on 21 March 2023.
Li-S Energy (ASX:LIS) gained +35% by lunchtime, Tuesday to settle at a more sedate +29.4%.
The battery maker came out of its trading halt this morning with huge news that it’s achieved a 45% increase in volumetric energy density with its newly-developed 20-layer semi-solid state lithium sulphur battery.
Major LIS stakeholder PPK (ASX:PPK) was down 5.3% for the day, following the 29.6% power surge it had yesterday when LIS was in its pre-announcement trading halt and investors realised that PPK was a something of a backdoor into the LIS gains on the table.
Queensland Pacific Metals (ASX:QPM), gained 24% after revealing a Collaboration Agreement with Plinke GmbH, Andritz Separation GmbH and Siemens Ltd regarding supply of capital equipment for the TECH Project, which comes with a host of conditions including bid process restrictions.
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 |
|---|---|---|---|---|---|
| SHG | Singular Health | 0.065 | -29% | 953,328 | $10,437,090 |
| GMN | Gold Mountain Ltd | 0.003 | -25% | 6,569,196 | $7,879,730 |
| RCW | Rightcrowd | 0.02 | -23% | 16,000 | $6,818,793 |
| H2G | Greenhy2 Limited | 0.02 | -20% | 70 | $10,468,896 |
| GPR | Geopacific Resources | 0.021 | -19% | 454,703 | $13,550,969 |
| EMP | Emperor Energy Ltd | 0.015 | -17% | 3,123,587 | $4,839,525 |
| RON | Roninresourcesltd | 0.125 | -17% | 29,102 | $4,349,714 |
| AVE | Avecho Biotech Ltd | 0.005 | -17% | 616,624 | $11,027,216 |
| MTB | Mount Burgess Mining | 0.0025 | -17% | 80,000 | $2,649,513 |
| NES | Nelson Resources. | 0.005 | -17% | 1,400,000 | $3,531,566 |
| RML | Resolution Minerals | 0.005 | -17% | 1,574,781 | $6,478,477 |
| OLY | Olympio Metals Ltd | 0.155 | -16% | 685,461 | $7,251,356 |
| HIL | Hills Ltd | 0.021 | -16% | 27,257 | $6,572,082 |
| CMO | Cosmometalslimited | 0.125 | -14% | 46,400 | $3,698,950 |
| INF | Infinity Lithium | 0.125 | -14% | 915,251 | $67,075,853 |
| MEI | Meteoric Resources | 0.125 | -14% | 12,051,430 | $222,078,242 |
| VAR | Variscan Mines Ltd | 0.019 | -14% | 30,300 | $6,998,660 |
| BNO | Bionomics Limited | 0.02 | -13% | 2,590,040 | $33,780,915 |
| AUR | Auris Minerals Ltd | 0.014 | -13% | 678,253 | $7,626,015 |
| ICN | Icon Energy Limited | 0.007 | -13% | 200,000 | $6,144,109 |
| PRS | Prospech Limited | 0.021 | -13% | 285,986 | $2,437,041 |
| AX8 | Accelerate Resources | 0.023 | -12% | 1,238,795 | $9,817,646 |
| JRV | Jervois Global Ltd | 0.069 | -12% | 40,704,770 | $162,182,355 |
| BSN | Basinenergylimited | 0.12 | -11% | 208,781 | $7,619,400 |
| AFW | Applyflow Limited | 0.016 | -11% | 4,983 | $2,661,852 |
