On Stockhead today,
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Wednesday and are expected out in the coming days:
WAM Leaders (ASX:WLE) – Placement to wholesale and sophisticated investors, and a capital raise for the rest of us plebs.
Battery Minerals (ASX:BAT) – Fund raising, possibly to convert the Batmobile from jet-powered to a more efficient EV setup.
Tivan (ASX:TVN) – Project facilitation agreement. I do not know what that means.
BikeExchange (ASX:BEX) – Capital raising.
Fiji Kava (ASX:FIJ) – Fiji Kava needs to issue a clarification to news of the RooLife distribution deal, with details due on Friday morning.
Avira Resources (ASX:AVW) – It looks like the ASX has issued a “please explain” over AVW’s announcement from earlier in the day. See above for the details.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US2,022.56 (+0.68%)
Silver: $US25.32 (-0.55%)
Nickel (3mth): $US23,199/t (-2.29%)
Copper (3mth): $US9001.00/t (-0.02%)
Oil (WTI): $US82.30 (+2.25.%)
Oil (Brent): $US85.59 (+1.65%)
Iron 62pc Fe: $US120.00/t (+0.42%)
AUD/USD: 0.6653 (+0.25%)
Bitcoin: $US30,263 (+2.89%)
WHAT GOT YOU TALKING?
China: Making rare earths rarer…
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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 FIJ Fiji Kava Limited 0.006 100% 12,670,062 $1,200,266 PNTR Panthermetalsltd 0.002 100% 119,000 $27,313 CDR Codrus Minerals Ltd 0.115 34% 1,033,757 $3,476,980 BEZ Besragoldinc 0.245 32% 13,832,688 $65,464,449 GIB Gibb River Diamonds 0.061 30% 238,000 $9,940,944 SIO Simonds Grp Ltd 0.14 27% 230,210 $39,589,710 MRL Mayur Resources Ltd 0.2 25% 366,940 $47,289,038 OAK Oakridge 0.1 25% 7,394 $1,375,654 AVM Advance Metals Ltd 0.01 25% 1,903,657 $4,656,353 VAL Valor Resources Ltd 0.005 25% 51,218 $15,092,139 OZM Ozaurum Resources 0.066 25% 1,455,000 $6,731,000 SES Secos Group Ltd 0.0815 23% 401,814 $38,229,472 JRV Jervois Global Ltd 0.1125 22% 53,521,495 $191,343,446 TSL Titanium Sands Ltd 0.011 22% 250,000 $12,657,581 AR3 Austrare 0.555 21% 6,521,424 $43,792,714 HRE Heavy Rare Earths 0.12 20% 1,635,580 $5,948,793 RLG Roolife Group Ltd 0.012 20% 4,801,084 $7,155,581 CAI Calidus Resources 0.29 18% 5,417,219 $107,689,956 1AE Auroraenergymetals 0.13 18% 205,861 $13,502,960 KRR King River Resources 0.013 18% 2,103,211 $17,088,774 PXX Polarx Limited 0.013 18% 872,118 $14,882,416 ASP Aspermont Limited 0.02 18% 1,014,285 $41,328,481 5EA 5Eadvanced 0.87 17% 2,009,846 $212,734,161 LYK Lykosmetalslimited 0.07 17% 133,460 $3,744,000 MME Moneyme Limited 0.14 17% 707,402 $33,989,667
Codrus Minerals (ASX:CDR), stacked on a 39.5% climb on news that it’s started up the drills at its high-grade Karloning Rare Earth project.
Rock/soil sampling returned very high grades up to 2.85% dysprosium and 6.41% niobium, and the drilling the company kicked off is to find out just how large the target is.
Besra Gold (ASX:BEZ), which ended the day up 37.8% on no fresh news, but there’s little doubt that it’s flavour of the month for investors.
BEZ is up around 450% since revealing that it’s entered into a non-binding offtake and funding deal with bullion dealer and major shareholder Quantum Metal Recovery, bouncing higher again after Quantum sent through the first $2 million payment to Besra.
To sweeten the pot for investors even further, by the end of this month there’s another $3 million heading Besra’s way.
Heavy Rare Earths (ASX:HRE) has drilled into high grade intercepts of up to 4839ppm TREO at its newly-discovered Western Zone at Cowalinya, where the company says 159 mineralised intercepts have been drilled, covering approximately 13km2.
The results confirm the potential to host a material increase in rare earths resources , looking to upgrade its current Inferred Resource of 28Mt @ 625ppm TREO, once assays from another 36 holes are in.
At lunchtime, AR3 was up 35%, but eased to a 20.6% gain for the day.
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 |
---|---|---|---|---|---|
ACS | Accent Resources NL | 0.006 | -76% | 13,000 | $11,828,182 |
CCE | Carnegie Cln Energy | 0.001 | -50% | 169,298 | $31,285,147 |
GGX | Gas2Grid Limited | 0.001 | -50% | 2,262,026 | $8,154,204 |
ERAR | Energy Resources | 0.015 | -46% | 667,040 | $516,793,648 |
ARE | Argonaut Resources | 0.0015 | -25% | 650,000 | $12,723,743 |
DCX | Discovex Res Ltd | 0.003 | -25% | 28,482,478 | $13,210,272 |
ANR | Anatara Ls Ltd | 0.03 | -23% | 30,516 | $4,677,035 |
LER | Leaf Res Ltd | 0.017 | -23% | 1,861,442 | $45,364,855 |
RR1 | Reach Resources Ltd | 0.004 | -20% | 4,001,735 | $12,387,753 |
ADS | Adslot Ltd. | 0.005 | -17% | 2,207,326 | $13,226,090 |
HHI | Health House Int Ltd | 0.005 | -17% | 301,627 | $847,978 |
MTL | Mantle Minerals Ltd | 0.0025 | -17% | 490,000 | $16,036,815 |
OAU | Ora Gold Limited | 0.0025 | -17% | 7,605,859 | $11,810,775 |
CDT | Castle Minerals | 0.016 | -16% | 22,290,464 | $21,365,367 |
PRS | Prospech Limited | 0.045 | -15% | 5,990,700 | $5,381,799 |
ICN | Icon Energy Limited | 0.006 | -14% | 152,069 | $5,376,096 |
MRD | Mount Ridley Mines | 0.003 | -14% | 1,412,496 | $27,247,090 |
OAR | OAR Resources Ltd | 0.003 | -14% | 950,000 | $8,438,633 |
MCM | Mc Mining Ltd | 0.155 | -14% | 77,106 | $71,939,736 |
SHG | Singular Health | 0.058 | -13% | 1,874,821 | $7,600,924 |
OLH | Oldfields Holdings | 0.065 | -13% | 5,000 | $14,981,696 |
NAG | Nagambie Resources | 0.04 | -13% | 836,191 | $24,641,915 |
LCY | Legacy Iron Ore | 0.014 | -13% | 726,764 | $102,509,219 |
ROG | Red Sky Energy. | 0.0035 | -13% | 1,670,449 | $21,208,909 |
IMB | Intelligent Monitor | 0.105 | -13% | 208 | $15,684,035 |