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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, Rick Rule’s got it in for lifestyle explorer cockroaches, a whole barrel full of fintech bargains, and two of Hedley Widdup’s favourite goldies.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts and are expected out in the coming days:
Sky Metals (ASX:SKY) – Capital raising.
Pan Asia Metals (ASX:PAM) – Cooperation agreement with a southeast Asian battery manufacturer.
Creso Pharma (ASX:CPH) – Capital raising.
Terramin Australia (ASX:TZN) – Update regarding the Tala Hamza zinc project.
Appen (ASX:APX) – There’s a pro rata accelerated non-renounceable entitlement offer.
Intra Energy Corporation (ASX:IEC) – Material transaction and capital raising.
Gefen International A.I. (ASX:GFN) – Application to be removed from the Official List of ASX.
Zeta Resources (ASX:ZER) – Clarifying announcement related to Zeta’s shareholding in Alliance Mining Commodities.
White Cliff Minerals (ASX:WCN) – Material acquisition of exploration projects.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1990.53 (-1.52%)
Silver: $US23.50 (-1.42%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US70.58 (-0.42%)
Oil (Brent): $US78.51 (+0.46%)
Iron 62pc Fe: $US106.50/t (+3.9%)
AUD/USD: 0.6658 (-0.34%)
Bitcoin: $US27,156 -1.24%)
WHAT GOT YOU TALKING?
Kaolin is back.
Widely used in paper, rubber, paint, high-end ceramics, fibreglass, cosmetics and pharmaceuticals, kaolin could soon be… saving the planet? #kaolin #halloysite #paint #concrete https://t.co/IEcGs3NmEr
— Stockhead (@StockheadAU) May 17, 2023
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 |
|---|---|---|---|---|---|
| RHY | Rhythm Biosciences | 0.695 | 99% | 6,014,018 | $76,008,656 |
| CCE | Carnegie Cln Energy | 0.0015 | 50% | 83,698 | $15,642,574 |
| NRX | Noronex Limited | 0.02 | 43% | 16,480,415 | $3,534,181 |
| SKO | Serko | 2.85 | 34% | 382,575 | $255,339,209 |
| MRQ | Mrg Metals Limited | 0.004 | 33% | 329,999 | $5,957,756 |
| IG6 | Internationalgraphit | 0.28 | 27% | 651,177 | $19,357,384 |
| WML | Woomera Mining Ltd | 0.014 | 27% | 8,355,218 | $10,517,773 |
| WC8 | Wildcat Resources | 0.05 | 25% | 35,476,009 | $26,480,909 |
| CAV | Carnavale Resources | 0.0025 | 25% | 346,681 | $5,467,103 |
| CMD | Cassius Mining Ltd | 0.02 | 25% | 300,000 | $6,535,886 |
| ONE | Oneview Healthcare | 0.23 | 24% | 1,322,498 | $98,691,426 |
| VTX | Vertexmin | 0.14 | 22% | 326,291 | $5,258,375 |
| MLS | Metals Australia | 0.042 | 20% | 7,870,181 | $21,246,267 |
| TRE | Toubaniresourcesinc | 0.18 | 20% | 691,170 | $7,275,377 |
| CHK | Cohiba Min Ltd | 0.006 | 20% | 3,213,973 | $9,066,221 |
| CRB | Carbine Resources | 0.012 | 20% | 1,314,245 | $3,152,755 |
| TPW | Temple & Webster Ltd | 4.5 | 19% | 2,661,627 | $464,749,874 |
| HVM | Happy Valley | 0.025 | 19% | 350,558 | $4,745,045 |
| JCS | Jcurve Solutions | 0.044 | 19% | 120,361 | $12,148,707 |
| FFF | Forbidden Foods | 0.032 | 19% | 286,010 | $3,590,475 |
| DM1 | Desert Metals | 0.095 | 17% | 175,160 | $5,875,827 |
| PMT | Patriotbatterymetals | 1.855 | 17% | 7,982,455 | $482,717,576 |
| ARO | Astro Resources NL | 0.052 | 16% | 685,201 | $15,125,803 |
| CY5 | Cygnus Metals Ltd | 0.23 | 15% | 1,185,552 | $41,984,842 |
| QXR | Qx Resources Limited | 0.039 | 15% | 4,550,425 | $30,493,319 |
Rhythm Biosciences (ASX:RHY) smashed through the +100% mark on news that it has been granted a UK CA Mark for ColoSTAT, the company’s test kit product to detect bowel cancer.
The UK CA Mark means that the device fully conforms with the European Directives for IVD Medical Devices (98/79/EC) and the UKCA requirements, which is a crucial component for Rhythm’s strategic commercialisation and market entry plans.
Around lunchtime, RHY was up 120% and still climbing – but the price eased in the afternoon, leaving it at a still-remarkable +88.6% for the day.
Noronex (ASX:NRX) – formerly Lustrum Minerals – jumped after investors also jumped over a single, incomplete assay from a lone drillhole from Daheim, part of its Witvlei copper project in Namibia.
The company says that partial assay results from hole 23DHDD01 includes 14m @ 1.1% Cu from 109m (including 3m@ 2.0% Cu), and 7m @ 0.54% Cu from 44m across a broader intersection of 135m @ 0.33% Cu from 44m.
Assay results from the rest of the hole (below 278m), and from a second hole (23DHDD02) are coming soon.
NRX added 50% to its trading price by close.
The business travel and expense management firm Serko (ASX:SKO) dropped full-year results report on the market with hits like:
- Average revenue per booking $9.56, up 65%
- Average revenue per completed room night €9.34, up 36%
- Online bookings of 4.1 million, up 93%
- Completed room nights on Booking.com for Business 1.5 million, up 381%
- FY24 guidance for total income of $63 million to $70 million
SKO closed 31.6% higher.
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 |
|---|---|---|---|---|---|
| GFN | Gefen Int | 0.009 | -53% | 1,830,781 | $1,293,902 |
| SRJ | SRJ Technologies | 0.035 | -40% | 248,504 | $5,499,331 |
| ALO | Alloggio Group | 0.17 | -37% | 1,837,207 | $31,959,969 |
| CLE | Cyclone Metals | 0.001 | -33% | 598 | $13,633,872 |
| KEY | KEY Petroleum | 0.001 | -33% | 100,499 | $2,951,892 |
| AS2 | Askarimetalslimited | 0.3175 | -22% | 2,180,421 | $27,290,258 |
| GCX | GCX Metals Limited | 0.023 | -21% | 501,998 | $5,387,582 |
| SMS | Starmineralslimited | 0.055 | -19% | 49,500 | $2,049,642 |
| MDI | Middle Island Res | 0.035 | -19% | 143,000 | $5,263,984 |
| AUH | Austchina Holdings | 0.005 | -17% | 200,000 | $12,467,302 |
| DCX | Discovex Res Ltd | 0.0025 | -17% | 10,000,000 | $9,907,704 |
| ICN | Icon Energy Limited | 0.005 | -17% | 6,118,921 | $4,608,082 |
| VN8 | Vonex Limited. | 0.02 | -17% | 5,949,162 | $8,683,887 |
| YPB | YPB Group Ltd | 0.0025 | -17% | 15,840,000 | $1,857,747 |
| FND | Findi Limited | 0.4625 | -16% | 206,002 | $20,052,237 |
| EGN | Engenco Limited | 0.34 | -15% | 3,000 | $126,260,102 |
| ATH | Alterity Therap Ltd | 0.006 | -14% | 1,330,176 | $17,079,283 |
| FAU | First Au Ltd | 0.003 | -14% | 13,703,334 | $5,081,976 |
| LER | Leaf Res Ltd | 0.012 | -14% | 2,708,340 | $28,868,544 |
| RR1 | Reach Resources Ltd | 0.006 | -14% | 2,430,441 | $19,285,354 |
| MTM | MTM Critical Metals | 0.1375 | -14% | 3,073,397 | $14,137,209 |
| HHR | Hartshead Resources | 0.025 | -14% | 41,519,049 | $81,451,782 |
| GPR | Geopacific Resources | 0.019 | -14% | 1,935,642 | $18,066,204 |
| NGS | NGS Ltd | 0.013 | -13% | 708,856 | $2,224,612 |
| BEZ | Besragoldinc | 0.27 | -13% | 6,195,979 | $109,697,185 |
