On Stockhead today,

Eddy looks at the ASX stocks which can benefit from what the TGA now has to say about cannabis, pain and insomnia.

Guy on Rocks gets into the rock and roll of lithium and the good old days of the gold standard.

But first, the day ahead.

 

TRADING HALTS

The following hefty list of stocks went into trading halts and are expected out in the coming days:

Green Technology Metals (ASX:GT1): Pending strategic investment and execution of offtake term sheet

WA1 Resources (ASX:WA1) Pending material exploration results

Magnum Mining (ASX:MGU): Pending announcement for signing of a Hismelt licence

Osmond Resources (ASX:OSM): Pending a Joint Venture/Deed of Assumption and cap raise

ImpediMed (ASX:IPD):  Pending a cap raise announcement

Encounter Resources (ASX:ENR): Also pending a capital raise announcement

Widgie Nickel (ASX:WIN): Also planning a capital raise

Galan Lithium (ASX:GLN):  A cap raise too

Wellnex Life (ASX:WNX): Pending a material acquisition and capital raise announcement

International Graphite (ASX:IG6): Pending announcement of Federal Government grant

Lithium Plus Minerals (ASX:LPM): Pending announcement regarding a placement

Dotz Nano (ASX:DTZ):  Pending announcement on strategic acquisition

AUB Group (ASX:AUB): Proposed cap raise and institutional placement

 

 

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?

IG6 making good with the government.


Latin Resources getting bigger in Brazil.

But it was all about Ionic going iconic in Uganda.

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
IEC Intra Energy Corp 0.008 60% 40,438,703 $3,528,908
TZN Terramin Australia 0.029 53% 2,921,394 $40,214,692
LER Leaf Res Ltd 0.015 36% 3,513,348 $22,682,428
IMM Immutep Ltd 0.355 31% 11,824,689 $237,409,819
KNG Kingsland Minerals 0.26 30% 797,573 $6,287,968
NUC Nuchev Limited 0.26 30% 74,854 $10,352,149
FIN FIN Resources Ltd 0.018 29% 2,425,083 $8,659,495
LCL Los Cerros Limited 0.041 28% 52,660,056 $25,417,743
LSR Lodestar Minerals 0.005 25% 2,908,687 $7,373,589
NES Nelson Resources. 0.005 25% 500,000 $2,354,377
XTC Xantippe Res Ltd 0.005 25% 1,754,152 $42,320,399
YPB YPB Group Ltd 0.0025 25% 30,000 $1,238,498
SRJ SRJ Technologies 0.043 23% 108,068 $3,318,562
MHC Manhattan Corp Ltd 0.0055 22% 4,950,934 $13,213,254
AW1 American West Metals 0.069 21% 8,564,556 $14,872,732
RBX Resource B 0.145 21% 134,774 $8,788,380
SOV Sovereign Cloud Hldg 0.12 20% 445 $16,970,034
GCR Golden Cross 0.006 20% 915,366 $5,486,281
TIG Tigers Realm Coal 0.006 20% 2,827,752 $65,333,512
W2V Way2Vat 0.012 20% 500,000 $2,201,519
WC8 Wildcat Resources 0.058 18% 15,909,345 $32,439,114
OSL Oncosil Medical 0.013 18% 6,806,395 $21,763,330
ID8 Identitii Limited 0.033 18% 103,103 $5,947,304
R8R Regener8 Resources NL 0.175 17% 15,000 $3,848,438
SIS Simble Solutions 0.007 17% 250,000 $3,617,704
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Up on the winners list Thursday was Terramin Australia (ASX:TZN) which announced it is closer to developing one of the largest zinc and lead orebodies in the world after the Algerian mining regulator issued a mining permit for the 49%-owned Tala Hamza project.

The permit was  the final regulatory, financial and environmental hoop TZN had to jump though prior to development.

TZN said the permit allows for the processing of 2Mtpa of ore, instead of the 1.3Mtpa envisaged in the 2018 mining study “indicating that project returns will be enhanced over the anticipated 20+ year mine life”.

You can get all the low down about TZN in Reuben Rockin’ Adams: Resources Top 5.

Also in the numbers,  WAY2VAT (ASX:W2V) the a fintech company that provides a fully automated end to end VAT/GST reclaim solution. 

With a market cap circa $2.65 m, W2V saw annual revenue growth of 142% during the March quarter, with transaction volume up 42%, cash receipts up 44% and revenue margin increasing 10 ppts. 

The company said this was due to the increasing ratio of foreign travel and expense claims in the total submissions which attract a higher commission rate for Way2VAT as opposed to domestic accounts payable, and higher-margin DevoluIVA revenues.

They also announced that cornerstone investor Thorney Investment Group, the private investment group of rich-lister Alex Waislitz, which also manages Thorney Technologies (ASX:TEK), had become a major contributor to its latest $3.54 million capital raise.

W2V said Thorney Investment Group had committed to subscribe for $1 million worth of shares under the entitlement offer.

The funds are expected to increase focus on sales execution and revenue growth on VAT reclaim for travel expenses and accounts payable product suite and Smart Spend Debit MasterCard.

“With recent capital raise activity and increasing levels of growth compared to prior corresponding periods, Way2VAT is in a position to expedite its path to profitability,” founder and CEO Amos Simantov said. 

“Our increasing revenue margin and reduced lag times between clients completing transactions, tax authorities processing claims, and Way2VAT receiving refunds and commissions shows that travel, business and government activity is returning to more normal post-Covid levels.”

TODAY’S 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
CLE Cyclone Metals 0.001 -50% 1,951,032 $18,178,496
MTL Mantle Minerals Ltd 0.001 -50% 158,461 $10,691,210
CCE Carnegie Cln Energy 0.001 -33% 423,521 $23,463,861
MTH Mithril Resources 0.002 -33% 1,700,000 $10,106,413
VPR Volt Power Group 0.001 -33% 7,800,000 $16,074,312
ARE Argonaut Resources 0.0015 -25% 1,339,000 $12,723,743
BAT Battery Minerals Ltd 0.003 -25% 9,827,839 $13,427,769
MCT Metalicity Limited 0.0015 -25% 409,606 $7,009,079
INP Incentiapay Ltd 0.01 -23% 677,509 $16,445,827
KNM Kneomedia Limited 0.007 -22% 350,324 $13,543,068
AVE Avecho Biotech Ltd 0.004 -20% 648,920 $10,810,796
EDE Eden Inv Ltd 0.004 -20% 669,751 $14,984,722
SIH Sihayo Gold Limited 0.002 -20% 350,000 $15,255,320
NME Nex Metals Explorat 0.014 -18% 140,000 $4,739,923
RNX Renegade Exploration 0.014 -18% 5,238,074 $16,118,104
LDR Lode Resources 0.24 -17% 5,924,512 $19,247,081
PHL Propell Holdings Ltd 0.025 -17% 24,242 $3,610,666
ICN Icon Energy Limited 0.005 -17% 2,026,600 $4,608,082
GAP Gale Pacific Limited 0.205 -15% 476,491 $66,334,330
AVW Avira Resources Ltd 0.003 -14% 333,334 $7,468,265
HCT Holista CollTech Ltd 0.012 -14% 60,000 $3,903,201
IVX Invion Ltd 0.006 -14% 212,857 $44,951,425
DGR DGR Global Ltd 0.039 -13% 109,435 $46,966,207
LME Limeade Inc. 0.13 -13% 21,310 $38,556,225
AHN Athena Resources 0.0035 -13% 500,000 $4,281,870
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