Rise and Shine: Everything you need to know before the ASX opens
News
On Stockhead this Friday 14th, Now for the story of two grown up guest expert investors and the $10,000 they took out of their bank and poured across ASX oil and gas stocks just to see what would happen.
In this edition of Build Your Own Portfolio, Bevis Yeo is joined by Adam Dawes from Shaw and Partners and PAM’s Louis Varrasso.
But first, the day ahead.
The following stocks went into trading halts Thursday 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.
Gold: $US2,040.64 (+1.31%)
Silver: $US25.83 (+1.43%)
Nickel (3mth): $US23,199/t (-2.29%)
Copper (3mth): $US9001.00/t (-0.02%)
Oil (WTI): $US82.46(-0.96.%)
Oil (Brent): $US86.49 (-1.00%)
Iron 62pc Fe: $US120.50/t (+0.00%)
AUD/USD: 0.66788 (+1.53%)
Bitcoin: $US30,030 (+1.15%)
Our Ear on Lithium:
– Hyundai commits US$18bn investment to become top 3 #EV maker by 2030
– @CygnusMetals acquires the Auclair #lithium project from Osisko Development
– @Patriot_Lithium new managing director and CEO, Nicholas Vickery, commences appointment https://t.co/Avt2qaaZls #ASX #lithium— Stockhead (@StockheadAU) April 12, 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.
Here are Wednesday’s 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.
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.
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 |