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Rise and Shine: Everything you need to know before the ASX opens
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It’s Thursday on Stockhead:
ASX small cap SILK Laser (a little beauty stock) says knockout sales show why the services and products its corner of the bourse provide are for more essential than discretionary.
That’ll be thanks to the “The Lipstick Effect” – the sales phenomenon so coined by former Estée Lauder chairman Leonard Lauder during the post-9/11 beauty boom.
Discover all the local stocks making the most of it.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts yesterday and are expected out in the coming days:
Australian Rare Earths (ASX:AR3) – Pending announcement of a capital raise.
Calidus Resources (ASX:CAI) – Also pending announcement of a capital raise.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US2004.03 (+0.51%)
Silver: $US25.11 (+0.26%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US81.11 (-1.73%)
Oil (Brent): $US84.53 (-0.01%)
Iron 62pc Fe: $US120.00/t (0.00%)
AUD/USD: 0.6700 (-0.10%)
Bitcoin: $US31,086 (+2.51%)
WHAT GOT YOU TALKING YESTERDAY?
Lithium the dream.
Lithium Energy’s dream of building a significant maiden resource at its Solaroz brine project in Argentina has taken another step forward with drilling returning significant intersections of conductive brines.https://t.co/p5ZhfKZvbb #ad #ASX $LEL
— Stockhead (@StockheadAU) April 19, 2023
And the Sultans of Stratigraphy…
Sultan has confirmed the prospectivity of its Kulin Hill nickel project with the final assays from a deep stratigraphic diamond hole, along the same mobile belt as Chalice Mining’s legendary Julimar discovery. https://t.co/LxPUKQsJCN #ad #ASX $SLZ
— Stockhead (@StockheadAU) April 19, 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 share your 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 the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| HHI | Health House Int Ltd | 0.009 | 125% | 4,162,029 | $661,350.08 |
| WOA | Wide Open Agriculture | 0.32 | 52% | 1,710,618 | $27,149,172.33 |
| OAU | Ora Gold Limited | 0.003 | 50% | 1,117,129 | $7,873,850.26 |
| OLL | Openlearning | 0.022 | 47% | 859,244 | $4,018,036.13 |
| CLE | Cyclone Metals | 0.002 | 33% | 10,787,528 | $13,623,972.12 |
| EX1 | Exopharm Limited | 0.013 | 30% | 1,654,711 | $1,572,115.33 |
| W2V | Way2Vatltd | 0.014 | 27% | 449,242 | $2,421,670.76 |
| PIM | Pinnacle Minerals | 0.13 | 24% | 1,684,228 | $2,685,375.00 |
| RNX | Renegade Exploration | 0.026 | 24% | 11,643,067 | $19,700,599.38 |
| DCG | Decmil Group Limited | 0.2 | 21% | 680,174 | $25,666,115.64 |
| EML | EML Payments Ltd | 0.8075 | 21% | 8,463,810 | $250,569,366.43 |
| LSR | Lodestar Minerals | 0.006 | 20% | 2,833,333 | $8,692,186.74 |
| SI6 | SI6 Metals Limited | 0.006 | 20% | 971,391 | $7,476,972.96 |
| SLZ | Sultan Resources Ltd | 0.049 | 20% | 143,994 | $4,234,659.95 |
| KOR | Korab Resources | 0.022 | 19% | 2,225,835 | $6,790,425.00 |
| TDO | 3D Oil Limited | 0.064 | 19% | 905,414 | $14,320,172.09 |
| RTR | Rumble Res Limited | 0.225 | 18% | 5,090,362 | $119,082,378.97 |
| KNG | Kingsland Minerals | 0.165 | 18% | 304,040 | $4,401,577.88 |
| BUX | Buxton Resources Ltd | 0.2 | 18% | 2,120,933 | $26,450,906.56 |
| TZN | Terramin Australia | 0.021 | 17% | 210,041 | $38,098,128.96 |
| BPP | Babylon Pump & Power | 0.007 | 17% | 163,020 | $14,746,628.06 |
| CXU | Cauldron Energy Ltd | 0.007 | 17% | 571,429 | $5,589,411.97 |
| DCX | Discovex Res Ltd | 0.0035 | 17% | 1,000,000 | $9,907,704.29 |
| HLX | Helix Resources | 0.007 | 17% | 249,999 | $13,938,875.06 |
| HNR | Hannans Ltd | 0.014 | 17% | 4,658,950 | $32,695,257.71 |
WA kaolin project developer Pinnacle Minerals (ASX:PIM), had a great day, after discovering rare earths at the Disruptor prospect.
Stockhead’s Reuben Adams has some special detail about PIM’s fortunate discovery.
Also on the winners list was Wide Open Agriculture (ASX:WOA) after a positive business update for Q3 FY23 including that it has has completed the majority of investment required to produce Buntine Protein at pilot scale in a variety of food applications at its R&D production facility in Kewdale, WA.
During the quarter WOA also secured $8 million in project-based funding from National Australia Bank (ASX:NAB) for domestic oat milk production, and a $4 million working capital facility.
ASX SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| VPR | Volt Power Group | 0.001 | -33% | 2,749,000 | $16,074,312 |
| FFT | Future First Tech | 0.014 | -26% | 100,000 | $13,486,895 |
| MRD | Mount Ridley Mines | 0.003 | -25% | 964,369 | $31,139,531 |
| SIT | Site Group Int Ltd | 0.003 | -25% | 21,800,014 | $5,204,981 |
| SIO | Simonds Grp Ltd | 0.105 | -25% | 80,851 | $50,386,903 |
| VML | Vital Metals Limited | 0.0115 | -23% | 92,042,802 | $79,592,246 |
| OLI | Oliver'S Real Food | 0.028 | -20% | 231,084 | $15,425,617 |
| MCT | Metalicity Limited | 0.002 | -20% | 3,305,929 | $8,761,348 |
| MTL | Mantle Minerals Ltd | 0.002 | -20% | 944,459 | $13,364,013 |
| PUA | Peak Minerals Ltd | 0.004 | -20% | 200,000 | $5,206,883 |
| RBR | RBR Group Ltd | 0.002 | -20% | 5,600,000 | $3,996,012 |
| IS3 | I Synergy Group Ltd | 0.013 | -19% | 854,406 | $4,625,286 |
| ALA | Arovella Therapeutic | 0.066 | -19% | 16,283,608 | $61,199,353 |
| MGA | Metalsgrovemining | 0.11 | -19% | 1,057,160 | $4,860,068 |
| NNG | Nexion Group | 0.018 | -18% | 620,253 | $3,350,773 |
| MTM | Mt Monger Resources | 0.125 | -17% | 2,178,522 | $10,614,037 |
| RMY | RMA Global | 0.1 | -17% | 325,649 | $66,953,116 |
| LAW | Lawfinance Ltd | 0.005 | -17% | 1,041,937 | $383,206 |
| PNX | PNX Metals Limited | 0.0025 | -17% | 2,025,650 | $16,141,874 |
| NAG | Nagambie Resources | 0.0405 | -16% | 303,334 | $25,713,302 |
| LIS | Lisenergy Limited | 0.27 | -14% | 533,107 | $52,262,969 |
| APL | Associate Global | 0.24 | -14% | 107,500 | $13,557,849 |
| AVW | Avira Resources Ltd | 0.003 | -14% | 24,431,939 | $7,468,265 |
| GES | Genesis Resources | 0.006 | -14% | 71,428 | $5,479,889 |
Read MoreDiscretionary Consumer
