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
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 |