Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, ASX copper stocks going cheap with a sub $30m market cap, the ASX Tech sector is suddenly the place to be, and the top 50 ASX miners and explorers for April.
TRADING HALTS
The following stocks went into trading halts yesterday and are expected out in the coming days.
Synertec Corporation (ASX:SOP) – Equity raising.
Redstone Resources (ASX:RDS) – Capital raising and a transaction, which is like a Trans Am but nowhere near as epically cool.
Auteco Minerals (ASX:AUT) – Mineral Resource Estimate update.
GBM Resources (ASX:GBZ) – Capital raising.
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?
This chat with Binance Aus and NZ boss Ben Rose was worth tuning in to:
Compliance and reassurance will help onboard another million users: @Binance_AUS and NZ boss @mrbenrose. #crypto #btc #Binance Stockhead > https://t.co/kTPDd3phhz pic.twitter.com/WguKPFAZZb
— Stockhead (@StockheadAU) May 2, 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 |
|---|---|---|---|---|---|
| CCE | Carnegie Cln Energy | 0.002 | 100% | 3,708,396 | $15,642,574 |
| GLV | Global Oil & Gas | 0.014 | 75% | 2,134,387 | $2,743,037 |
| PIM | Pinnacle Minerals | 0.15 | 50% | 5,608,477 | $2,557,500 |
| CAV | Carnavale Resources | 0.003 | 50% | 132,712 | $5,467,103 |
| MEB | Medibio Limited | 0.0015 | 50% | 41,672 | $4,150,594 |
| ACS | Accent Resources NL | 0.01 | 43% | 11,001 | $3,311,891 |
| LDX | Lumos Diagnostics | 0.023 | 35% | 1,512,089 | $4,648,141 |
| CCO | The Calmer Co Int | 0.004 | 33% | 1,884,820 | $1,200,266 |
| CBH | Coolabah Metals | 0.125 | 30% | 2,393,510 | $3,628,800 |
| AXP | AXP Energy Ltd | 0.0025 | 25% | 1,000,001 | $11,649,361 |
| GCR | Golden Cross | 0.005 | 25% | 1,531,837 | $4,389,024 |
| MCT | Metalicity Limited | 0.0025 | 25% | 909,787 | $7,009,079 |
| ROG | Red Sky Energy | 0.005 | 25% | 4,317,550 | $21,208,909 |
| PGM | Platina Resources | 0.036 | 24% | 3,618,684 | $18,072,230 |
| ICG | Inca Minerals Ltd | 0.022 | 22% | 656,234 | $8,703,261 |
| 4DX | 4Dmedical Limited | 1.16 | 21% | 4,916,555 | $281,592,117 |
| MX1 | Micro-X Limited | 0.115 | 21% | 803,608 | $48,859,857 |
| PNX | PNX Metals Limited | 0.003 | 20% | 1,000,655 | $13,451,562 |
| SER | Strategic Energy | 0.024 | 20% | 58,002 | $5,934,874 |
| YPB | YPB Group Ltd | 0.003 | 20% | 566,681 | $1,548,122 |
| KNB | Koonenberry Gold | 0.05 | 19% | 35,129 | $3,181,771 |
| BMO | Bastion Minerals | 0.026 | 18% | 42,169 | $3,507,055 |
| FGL | Frugl Group Limited | 0.007 | 17% | 316,129 | $4,589,098 |
| RR1 | Reach Resources Ltd | 0.0035 | 17% | 97,497 | $8,265,152 |
| KLI | Killi Resources | 0.071 | 16% | 258,201 | $2,048,075 |
Small Caps’ early leader yesterday, Pinnacle Minerals (ASX:PIM) announced early in the day that it was all set to get the drills back to its Disruptor prospect on 15 May, where the company has been poking around and turned up some pretty chunky-looking rock chip samples that it reported to the market on 19 April.
In the space of around 90 minutes, investors piled in, sending PIM’s trading price skyward by 80% until the ASX noticed it was moving pretty quickly, and slammed on the emergency brakes with a trading pause and a speeding ticket.
PIM reacted pretty quickly, replying to the ASX just before 1:00pm with a “nothing to see here” that was deemed satisfactory by the Gains Police.
Trading resumed at 1:06pm, but the fervour had waned and a big slice of the company’s gains had evaporated.
However, a late-arvo surge saw the PIM end up +55% for the day – still well out in front of the Small Caps pack, but probably wondering what might have been.
Global Oil & Gas (ASX:GLV) ended the session up 50% on half-a-handful of volume, ahead of Coolabah Metals (ASX:CBH) pocketing a very tidy 30.2% gain on the back of recent purchase news.
CBH has inked a deal to acquire 113km2 of lithium exploration claims located within 20km of Patriot Battery Metals’ (Patriot) Corvette property in the James Bay region of Quebec and a 70km2 project in Northwestern Ontario near Frontier Lithium’s (Frontier) PAK and Spark properties.
Lithium hunting in Canada is clearly still The Next Big Thing for investors, and the news has prompted a solid boost for Coolabah.
And a late runner into third spot on yesterday’s worth-mentioning winners list was recent high-flyer 4DMedical (ASX:4DX), which added another 22% to its already impressive tally, taking its monthly climb to +264.5%.
4DX jumped after announcing the successful completion of the company’s first commercial XV LVAS scan within the VA, conducted at Harry S. Truman Memorial Veterans Hospital in Colombia, Missouri.
The VA referred to here is the United States Veterans Health Administration, which is a massive network of health providers set up to assist the massive numbers of former military personnel in the US.
The scan using the XV LVAS system is a four-dimensional scan.
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 |
|---|---|---|---|---|---|
| ROO | Roots Sustainable | 0.005 | -29% | 5,638,454 | $902,464 |
| MYG | Mayfield Group Ltd | 0.31 | -28% | 4,302 | $38,951,934 |
| DXN | DXN Limited | 0.003 | -25% | 8,673,071 | $6,885,259 |
| FAU | First Au Ltd | 0.003 | -25% | 500,000 | $4,379,133 |
| XTC | Xantippe Res Ltd | 0.003 | -25% | 3,037,302 | $42,320,399 |
| 1CG | One Click Group Ltd | 0.007 | -22% | 2,414,499 | $5,526,638 |
| AVM | Advance Metals Ltd | 0.007 | -22% | 3,636,765 | $5,238,397 |
| PNT | Panther Metals | 0.07 | -22% | 406,288 | $5,503,500 |
| G50 | Gold50Limited | 0.155 | -21% | 60,011 | $11,103,885 |
| EX1 | Exopharm Limited | 0.012 | -20% | 13,611,253 | $3,561,834 |
| MOB | Mobilicom Ltd | 0.008 | -20% | 2,811,300 | $13,266,767 |
| PUA | Peak Minerals Ltd | 0.004 | -20% | 9,010 | $5,206,883 |
| SHN | Sunshine Gold Ltd | 0.017 | -19% | 626,681 | $16,164,177 |
| ARV | Artemis Resources | 0.013 | -19% | 5,887,880 | $24,982,694 |
| SXG | Southern Cross Gold | 0.53 | -18% | 1,566,458 | $58,386,877 |
| DC2 | Dctwo | 0.018 | -18% | 1,483,254 | $2,873,517 |
| WFL | Wellfully Limited | 0.009 | -18% | 3,304,640 | $5,422,386 |
| ASP | Aspermont Limited | 0.015 | -17% | 1,403,744 | $43,759,569 |
| K2F | K2Fly Ltd | 0.1 | -17% | 118,382 | $21,037,776 |
| AVE | Avecho Biotech Ltd | 0.005 | -17% | 31,427 | $11,027,216 |
| ETR | Entyr Limited | 0.02 | -17% | 5,610,460 | $36,184,826 |
| LSA | Lachlan Star Ltd | 0.01 | -17% | 665,207 | $15,828,153 |
| RIE | Riedel Resources Ltd | 0.005 | -17% | 1,131,407 | $8,230,242 |
| WEL | Winchester Energy | 0.005 | -17% | 40,000 | $6,122,531 |
| LML | Lincoln Minerals | 0.016 | -16% | 1,092,696 | $10,924,690 |
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