Rise and Shine: Everything you need to know before the ASX opens
Picture: Getty Images
On Stockhead today, some ASX stocks to go to war with, some very bullish gold hedges, and who won the ASX in April?
TRADING HALTS
The following stocks went into trading halts yesterday and are expected out in the coming days. There’s quite a lot actually:
Site Group International (ASX:SIT) – Capital raising.
Dimerix (ASX:DXB) – Capital raising.
PolyNovo (ASX:PNV) – Revenue performance announcement finalisation.
NickelSearch (ASX:NIS) – Capital raising.
Group 6 Metals (ASX:G6M) – Capital raising.
Aura Energy (ASX:AEE) – Capital raising.
Magnetic Resources (ASX:MAU) – Capital raising.
Venus Metals (ASX:VMC) – Announcement regarding a potential joint venture on a “non-Youanmi asset”.
IperionX (ASX:IPX) – Capital raising.
New World Resources (ASX:NWC) – Results of the updated scoping study for the Antler copper project.
Many Peaks Gold (ASX:MPG) – Announcement in relation to a proposed acquisition.
Kleos Space (ASX:KSS) – Capital raising.
Bryah Resources (ASX:BYH) – Capital raising.
Terramin Australia (ASX:TZN) – Project update.
Optima Technology Group (ASX:OPA) – Announcement of a material services provision contract.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1989.28 (-0.02%)
Silver: $US25.316 (+1.11%)
Nickel (3mth): $US24,211/t (+0.62%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US75.258 (-1.98%)
Oil (Brent): $US78.946 (-1.71%)
Iron 62pc Fe: $US116.14/t (-0.06%)
AUD/USD: 0.6640 (_0.38%)
Bitcoin: $US28,510 (-2.40%)
WHAT GOT YOU TALKING YESTERDAY?
You’re always going to do well with “absurdly high”…
• @Alliance_Nickel finalises Stellantis nickel and cobalt offtake, $15m share purchase
• WA1 Resources flies on more absurdly high-grade niobium drill hits
• @LithiumEnergy_ is reporting “world class lithium intersections”#ASX $LEL $AXN $WA1— Stockhead (@StockheadAU) May 1, 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.
YESTERDAY’S 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 |
|---|---|---|---|---|---|
| ICN | Icon Energy Limited | 0.009 | 50% | 10,546 | $4,608,082 |
| AQX | Alice Queen Ltd | 0.0015 | 50% | 300,000 | $2,530,288 |
| CLZ | Classic Min Ltd | 0.0015 | 50% | 87,273,914 | $3,093,095 |
| PXX | Polarx Limited | 0.018 | 38% | 16,499,122 | $17,588,310 |
| TAR | Taruga Minerals | 0.019 | 36% | 527,937 | $9,884,375 |
| ADR | Adherium Ltd | 0.004 | 33% | 2,660,000 | $14,989,315 |
| MRQ | Mrg Metals Limited | 0.004 | 33% | 8,679,836 | $5,957,756 |
| KNM | Kneomedia Limited | 0.009 | 29% | 1,106,275 | $10,533,497 |
| GBZ | GBM Rsources Ltd | 0.035 | 25% | 2,782,678 | $15,768,496 |
| GCR | Golden Cross | 0.005 | 25% | 171,053 | $4,389,024 |
| RDN | Raiden Resources Ltd | 0.005 | 25% | 3,725,319 | $6,618,330 |
| WCN | White Cliff Min Ltd | 0.01 | 25% | 12,070,875 | $6,272,435 |
| FME | Future Metals NL | 0.07 | 23% | 822,425 | $20,360,858 |
| MMA | Maronan Metals | 0.275 | 22% | 737,999 | $16,875,002 |
| AR3 | Austrare | 0.605 | 21% | 4,119,686 | $47,600,776 |
| 4DX | 4Dmedical Limited | 0.925 | 21% | 4,147,729 | $225,286,255 |
| EG1 | Evergreen Lithium | 0.59 | 20% | 5,262,224 | $27,552,700 |
| HHI | Health House Int Ltd | 0.006 | 20% | 270,000 | $706,648 |
| MDX | Mindax Limited | 0.245 | 20% | 4,989,516 | $408,577,029 |
| IMB | Intelligent Monitor | 0.125 | 19% | 4,000 | $13,723,531 |
| SNG | Siren Gold | 0.125 | 19% | 85,795 | $14,097,175 |
| GPR | Geopacific Resources | 0.025 | 19% | 1,011,321 | $13,056,039 |
| SHN | Sunshine Gold Ltd | 0.019 | 19% | 1,260,020 | $12,315,564 |
| NVA | Nova Minerals Ltd | 0.365 | 18% | 2,494,348 | $65,375,831 |
| GRL | Godolphin Resources | 0.0765 | 18% | 154,191 | $7,694,014 |
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 |
|---|---|---|---|---|---|
| VPR | Volt Power Group | 0.0015 | 50% | 180,650 | $10,716,208 |
| LML | Lincoln Minerals | 0.019 | 36% | 7,142,532 | $8,049,772 |
| OPA | Optima Technology | 0.023 | 35% | 1,244,311 | $4,224,089 |
| AHN | Athena Resources | 0.004 | 33% | 150,614 | $3,211,403 |
| DDT | DataDot Technology | 0.004 | 33% | 501,105 | $3,632,858 |
| MRQ | Mrg Metals Limited | 0.004 | 33% | 200,101 | $5,957,756 |
| PRS | Prospech Limited | 0.032 | 33% | 3,764,470 | $3,708,541 |
| WA1 | Wa1Resourcesltd | 2.35 | 31% | 4,437,817 | $63,881,063 |
| FFF | Forbidden Foods | 0.019 | 27% | 2,195,446 | $1,994,708 |
| AXN | Alliance Nickel Ltd | 0.12 | 26% | 9,022,127 | $61,038,097 |
| STP | Step One Limited | 0.34 | 26% | 691,545 | $50,041,879 |
| EMU | EMU NL | 0.0025 | 25% | 1,657,435 | $2,900,043 |
| GNM | Great Northern | 0.0025 | 25% | 1,000,000 | $3,418,102 |
| MOB | Mobilicom Ltd | 0.01 | 25% | 1,313,061 | $10,613,414 |
| MOM | Moab Minerals Ltd | 0.01 | 25% | 13,538,521 | $5,455,708 |
| LEL | Lithenergy | 0.72 | 24% | 1,782,055 | $34,887,000 |
| FMS | Flinders Mines Ltd | 0.52 | 24% | 21,332 | $70,916,402 |
| ONE | Oneview Healthcare | 0.115 | 22% | 1,127,830 | $50,145,914 |
| DNA | Donaco International | 0.046 | 21% | 1,503,250 | $46,944,797 |
| AGR | Aguia Res Ltd | 0.047 | 21% | 162,459 | $16,920,316 |
| CTO | Citigold Corp Ltd | 0.006 | 20% | 500,000 | $14,368,295 |
| HLX | Helix Resources | 0.006 | 20% | 142,690 | $11,615,729 |
| WSR | Westar Resources | 0.031 | 19% | 187,240 | $2,399,508 |
| TRU | Truscreen | 0.025 | 19% | 9,701 | $8,749,482 |
| PBH | Pointsbet Holdings | 1.845 | 19% | 4,457,263 | $475,629,350 |
Lincoln Minerals (ASX:LML) cranked out a market-leading 35.7% gain on absolutely no news at all.
Lincoln’s been on a very wild ride since reinstatement to the market on 20 January 2023, following the company earning a ticket to ASX purgatory in 2021 because, as Stockhead’s former Most Eligible Bachelor Reuben Adams so succinctly put it, the company “had no cash and was doing f’all exploration”.
LML hit a peak of $0.047 the day it came back online, and has been up and down faster than a hurdler’s nads since then, falling to $0.014 before yesterday’s unexpected bounce.
It’s worth noting that there’s still an unsolicited takeover offer from fellow South Australian project developer Quantum Graphite (ASX:QGL) floating around, which at last count had Lincoln valued at $0.016 a share – a valuation we all had a good giggle about in late January, but which is starting to look pretty tempting.
TODAY’S 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 |
|---|---|---|---|---|---|
| GGX | Gas2Grid Limited | 0.001 | -50% | 587,000 | $8,154,204 |
| LVT | Livetiles Limited | 0.018 | -28% | 7,275,321 | $26,179,142 |
| BAT | Battery Minerals Ltd | 0.003 | -25% | 37,504 | $13,427,769 |
| CLE | Cyclone Metals | 0.0015 | -25% | 14,818,926 | $18,165,296 |
| CDX | Cardiex Limited | 0.28 | -22% | 578,694 | $51,647,588 |
| MIL | Millennium Grp Ltd | 0.3 | -21% | 5,000 | $17,922,038 |
| EX1 | Exopharm Limited | 0.015 | -21% | 1,540,519 | $4,511,656 |
| MDX | Mindax Limited | 0.155 | -21% | 2,524,526 | $398,883,943 |
| AOA | Ausmon Resorces | 0.004 | -20% | 90,636 | $4,846,447 |
| CAV | Carnavale Resources | 0.002 | -20% | 400,000 | $6,833,879 |
| DOU | Douugh Limited | 0.008 | -20% | 2,420,349 | $9,838,984 |
| GLV | Global Oil & Gas | 0.008 | -20% | 2,279,010 | $3,428,797 |
| ROO | Roots Sustainable | 0.008 | -20% | 3,259,456 | $866,017 |
| SCU | Stemcell United Ltd | 0.004 | -20% | 24,642,319 | $6,423,649 |
| VAL | Valor Resources Ltd | 0.004 | -20% | 100,000 | $19,015,174 |
| AKO | Akora Resources | 0.15 | -19% | 41,649 | $13,355,189 |
| CLU | Cluey Ltd | 0.11 | -19% | 150,319 | $27,217,832 |
| MRI | Myrewardsinternation | 0.022 | -19% | 1,000,000 | $5,801,534 |
| OLL | Openlearning | 0.027 | -18% | 273,407 | $8,839,679 |
| KP2 | Kore Potash PLC | 0.014 | -18% | 200,000 | $11,310,731 |
| BCT | Bluechiip Limited | 0.025 | -17% | 1,079,936 | $17,956,914 |
| LV1 | Live Verdure Ltd | 0.15 | -17% | 61,426 | $15,256,630 |
| IEC | Intra Energy Corp | 0.005 | -17% | 800,788 | $4,234,690 |
| PNX | PNX Metals Limited | 0.0025 | -17% | 2,520,164 | $16,141,874 |
| YPB | YPB Group Ltd | 0.0025 | -17% | 1,024,000 | $1,857,747 |
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