On Stockhead today, Guy on Rocks reckons this well known high-grade ASX gold minnow is overdue a big re-rate, after getting an eyeful of a potential 300koz open pit resource.
And in Weed Week with Eddy, a new and remarkable scientific breakthrough suggests cannabis improves sleep, eases pain.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Monday and are expected out in the coming days:
Vulcan Energy Resources (ASX:VUL) – Capital raise.
H&G High Conviction (ASX:HCF) – Capital raise.
Aerison Group (ASX:AE1) – Halted prior to an announcement about a significant debt that the company is owed by a mystery “iron ore producer in the Pilbara region”, along with an assessment of financing arrangements with Aerison’s principal debt provider.
Kalamazoo Resources (ASX:KZR) – Corporate transaction.
Hamelin Gold (ASX:HMG) – Capital raising.
4DMedical (ASX:4DX) – Capital raising and a new, material commercial arrangement.
MetalsTech (ASX:MTC) – Stand by for a “transformative resource upgrade at the flagship 100%-owned Sturec Gold Mine located in Slovakia”.
Codrus Minerals (ASX:CDR) – Exploration results from its Karloning REE project in Wa.
St Barbara (ASX:SBM) and Genesis Minerals (ASX:GMD) both went into trading pauses late in the day as well.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US2041.53 (-0.12%)
Silver: $US25.55 (-0.14%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US68.58 (+0.01%)
Oil (Brent): $US782.51 (+0.32%)
Iron 62pc Fe: $US107.50/t (-0.94%)
AUD/USD: 0.6610 (+0.14%)
Bitcoin: $US29,156 (+2.24%)
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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 |
|---|---|---|---|---|---|
| AO1 | Assetowl Limited | 0.002 | 100% | 3,426,429 | $1,812,130 |
| AQX | Alice Queen Ltd | 0.0015 | 50% | 250,000 | $2,530,288 |
| VPR | Volt Power Group | 0.0015 | 50% | 2,496,001 | $10,716,208 |
| FRE | Firebrick Pharma | 0.2 | 43% | 455,057 | $14,958,188 |
| AJQ | Armour Energy Ltd | 0.004 | 33% | 4,424,571 | $11,287,823 |
| ARE | Argonaut Resources | 0.002 | 33% | 154,000 | $9,542,807 |
| CTN | Catalina Resources | 0.005 | 25% | 306,954 | $4,953,948 |
| IEC | Intra Energy Corp | 0.005 | 25% | 500,000 | $2,823,126 |
| MYE | Metarock Group Ltd | 0.13 | 24% | 75,006 | $13,754,217 |
| MIL | Millennium Grp Ltd | 0.37 | 23% | 10,100 | $14,148,978 |
| MOM | Moab Minerals Ltd | 0.011 | 22% | 4,192,298 | $6,137,671 |
| AHK | Ark Mines Limited | 0.28 | 22% | 70,166 | $7,960,324 |
| TOY | Toys R Us | 0.017 | 21% | 1,858,787 | $12,083,213 |
| PGY | Pilot Energy Ltd | 0.0145 | 21% | 7,113,472 | $11,669,132 |
| GTG | Genetic Technologies | 0.003 | 20% | 12,490,401 | $28,854,145 |
| HLX | Helix Resources | 0.006 | 20% | 33,248,086 | $11,615,729 |
| MTH | Mithril Resources | 0.003 | 20% | 17,127,197 | $8,157,725 |
| CBH | Coolabah Metals Limi | 0.125 | 19% | 165,299 | $3,969,000 |
| NAG | Nagambie Resources | 0.044 | 19% | 462,079 | $21,523,874 |
| AVW | Avira Resources Ltd | 0.0035 | 17% | 5,000,023 | $6,401,370 |
| CPT | Cipherpoint Limited | 0.007 | 17% | 2,020,035 | $6,955,450 |
| FAU | First Au Ltd | 0.0035 | 17% | 846,250 | $3,284,350 |
| MRQ | Mrg Metals Limited | 0.0035 | 17% | 430,000 | $5,957,756 |
| WA1 | WA1 Resources | 2.46 | 17% | 971,205 | $75,091,389 |
| GRE | Greentech Metals | 0.215 | 16% | 8,066,466 | $5,973,650 |
Greenwing Resources (ASX:GW1), jumped over 25% on Thursday, making for a very interesting week so far.
On Monday, the company announced that CEO Craig Lennon had resigned, and will be leaving the company at the end of June this year, after steering the company into a tasty-looking “transformative investment agreement” with Chinese electric vehicle manufacturer NIO.
On Thursday, Greenwing revealed that the drills have started spinning at its San Jorge lithium project located in Catamarca Province, Argentina, just a couple of hundred kilometres (and two large lakes away) from the birthplace of Lionel Messi.
3 holes are firmly planned – enough to juggle to lead the gains amid broader headwinds.
Firebrick Pharma (ASX:FRE), climbed as high as +33% mid afternoon before easing to finish at +25%.
On Monday, FRE announced a $1 million placement led by the company’s senior management team (with support from sophisticated shareholders), and dropped like a stone from $0.183 to $0.140.
The company says it is working towards finishing the Phase-3 trials of its Covid-19 drug, Nasodine.
Greentech Minerals (ASX:GTM), continued its price run from Wednesday, adding 24% this morning to take its total rise since Monday morning to about +160%.
GRE took off spectacularly on Wednesday morning, after revealing that it had drilled into a thicc copper dominant mineralised horizon with significantly increased thickness and grades up to 5.4% Cu, which also sports some happy side piece gold and cobalt action to keep things nice and spicy.
That eased off during the afternoon, leaving it trading at $0.220 per share, up 18.9% from Wednesday’s closing price and 156% higher for the week.
Thursday morning’s stand-out leader, Caspin Resources (ASX:CPN), boomed through a 34% gain before lunch after recent assaying of aircore holes at its Duchess project found significant shallow Rare Earth Elements (REE).
However, it came right off the boil to finish the day more than 15% the better.
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 | % Today | Volume | Market Cap |
|---|---|---|---|---|---|
| SRT | Strata Investment | 0.2 | -38% | 3,995 | $6,639,847 |
| MEB | Medibio Limited | 0.001 | -33% | 50 | $6,225,891 |
| MBX | My Foodie Box | 0.017 | -23% | 80,000 | $816,814 |
| BPH | BPH Energy Ltd | 0.021 | -22% | 12,304,849 | $23,695,238 |
| LDX | Lumos Diagnostics | 0.024 | -20% | 1,314,951 | $8,202,602 |
| VAL | Valor Resources Ltd | 0.004 | -20% | 88,045 | $19,015,174 |
| JPR | Jupiter Energy | 0.021 | -19% | 3,334 | $31,976,103 |
| RTH | Ras Tech | 0.375 | -18% | 121,860 | $20,910,949 |
| RDS | Redstone Resources | 0.009 | -18% | 16,431,364 | $8,105,156 |
| ANG | Austin Engineering | 0.31 | -17% | 24,358,643 | $218,752,344 |
| SRX | Sierra Rutile | 0.195 | -17% | 19,421,978 | $99,695,565 |
| CAV | Carnavale Resources | 0.0025 | -17% | 1,200,000 | $8,200,655 |
| CTO | Citigold Corp Ltd | 0.005 | -17% | 200,869 | $17,241,955 |
| DAL | Dalaroometalsltd | 0.055 | -15% | 35,000 | $1,941,875 |
| W2V | Way2Vatltd | 0.011 | -15% | 1,977,429 | $2,861,975 |
| CPM | Cooper Metals | 0.28 | -15% | 232,384 | $13,617,664 |
| GBZ | GBM Rsources Ltd | 0.028 | -15% | 672,941 | $18,584,299 |
| 1MC | Morella Corporation | 0.0085 | -15% | 2,405,911 | $60,985,804 |
| EMP | Emperor Energy Ltd | 0.017 | -15% | 374,999 | $5,377,250 |
| VAR | Variscan Mines Ltd | 0.017 | -15% | 11,948 | $6,362,418 |
| ESR | Estrella Res Ltd | 0.009 | -14% | 6,246,298 | $15,577,505 |
| TBN | Tamboran | 0.21 | -14% | 1,459,470 | $294,903,932 |
| FIN | FIN Resources Ltd | 0.012 | -14% | 1,283,752 | $8,659,495 |
| BOD | BOD Science Ltd | 0.055 | -14% | 10,722 | $9,799,776 |
| MDI | Middle Island Res | 0.037 | -14% | 38,281 | $5,263,984 |