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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, Only 12 resources stocks on the ASX have made gains of more than 100% year-to-date.
The Canadians can already claim over 52 baggers since Christmas.
Are they cheating? Does Christmas mean something altogether different in Canuckian?
And if you want to buy Canadian shares, but don’t wish to travel that close to the scary US debt ceiling, can you do it from Australia?
Eh, you’d better read this then, from Reuben.
But first, the day ahead.
TRADING HALTS
The following hefty list of stocks went into trading halts on Friday and are expected out in the coming days:
Renegade Exploration (ASX:RNX) – Exploration results from the Mongoose Project and in response to ASX price and volume query.
Rimfire Pacific Mining (ASX:RIM) – Unsolicitored funding offer
Alma Metals (ASX:ALM) – Capital raise
Tyranna Resources (ASX:TYX) – Update on the Namibe Prospecting Licence
Titanium Sands (ASX:TSL) – Licence update
American West Metals (ASX:AW1) – Exploration results and response to ASX price query
Omega Oil & Gas (ASX:OMA) – Update on Canyon-1 Permian Deep Gas drilling program
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: $US1977.53 (+1.02%)
Silver: $US27.50 (+1.42%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US71.58(-0.41%)
Oil (Brent): $US75.51 (+0.14%)
Iron 62pc Fe: $US106.50/t (+3.9%)
AUD/USD: 0.6658 (-0.50%)
Bitcoin: $US26,826 (+0.24%)
WHAT GOT YOU TALKING?
Limping cryptonics
Chain Reactions: Crypto majors limp towards weekend; @illuviumio releases ‘Beta 2’ update for its immersive Overworld game. #crypto #gaming
Stockhead > https://t.co/LMNMnTTf04 pic.twitter.com/KnmDxBclGZ
— Stockhead (@StockheadAU) May 19, 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.
FRIDAY’s ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks on Friday:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.0015 | 50% | 1,074,996 | $9,089,248 |
| ARE | Argonaut Resources | 0.002 | 33% | 755,407 | $9,542,807 |
| MTL | Mantle Minerals Ltd | 0.002 | 33% | 125,000 | $8,018,408 |
| APC | Aust Potash Ltd | 0.012 | 33% | 12,756,078 | $9,348,112 |
| BUR | Burley Minerals | 0.295 | 28% | 834,279 | $14,125,301 |
| ASB | Austal Limited | 2 | 25% | 8,148,241 | $578,094,791 |
| AVE | Avecho Biotech Ltd | 0.005 | 25% | 4,739,482 | $8,648,637 |
| ASR | Asra Minerals Ltd | 0.011 | 22% | 1,379,500 | $13,204,068 |
| EOS | Electro Optic Systems | 0.89 | 22% | 2,191,988 | $125,002,284 |
| SLZ | Sultan Resources Ltd | 0.045 | 22% | 3,074,304 | $3,821,522 |
| SW1 | Swift Networks Group | 0.017 | 21% | 1,277,791 | $8,299,153 |
| PAM | Pan Asia Metals | 0.29 | 21% | 590,661 | $37,263,913 |
| VSR | Voltaic Strategic | 0.06 | 20% | 32,810,233 | $15,365,011 |
| MLS | Metals Australia | 0.048 | 20% | 4,627,797 | $24,281,448 |
| MME | Moneyme Limited | 0.125 | 19% | 394,256 | $29,740,959 |
| AHI | Advanced Health | 0.09 | 18% | 605,567 | $14,919,102 |
| DLI | Delta Lithium | 0.675 | 18% | 10,144,966 | $257,024,869 |
| HCT | Holista CollTech Ltd | 0.013 | 18% | 210,000 | $3,066,801 |
| MVL | Marvel Gold Limited | 0.013 | 18% | 697,799 | $9,497,705 |
| AZY | Antipa Minerals Ltd | 0.0165 | 18% | 11,521,823 | $50,342,697 |
| MEM | Memphasys Ltd | 0.02 | 18% | 1,026,779 | $16,311,846 |
| VMS | Venture Minerals | 0.02 | 18% | 7,300,546 | $30,080,779 |
| IHL | Incannex Healthcare | 0.135 | 17% | 5,271,939 | $182,506,191 |
| EPN | Epsilon Healthcare | 0.021 | 17% | 430,337 | $5,406,372 |
| NWM | Norwest Minerals | 0.035 | 17% | 836,517 | $7,421,136 |
Shipbuilder Austal (ASX:ASB), announced its US subsidiary Austral USA has been awarded a contract worth up to US$3.195 billion from the US Navy.
The contract includes options for detail design and construction of up to seven Auxiliary General Ocean Surveillance Ships T-AGOS 25 class. These bad boys:
T-AGOS ships, operated by US Military Sealift Command (MSC), support the antisubmarine warfare (ASW) mission of the commanders of the Atlantic and Pacific Fleets by providing a platform capable of passive and active anti-submarine acoustic surveillance.
ASB CEO Paddy Gregg said the T-AGOS contract adds to Austral USA’s growing portfolio of steel shipbuilding programs and is a further demonstration of the US Government’s trust in its capabilities.
Continuing with defence contracts and Electro Optic Systems (ASX:EOS) ended on a high with its share price rising more than 20% today after announcing its wholly-owned subsidiary EM Solutions Pty Limited has secured a lucrative Australian Defence Force (ADF) contract worth ~$150 million.
The contract is part of the ADF’s Project SEA1442-5, established to modernise communications across the Royal Australian Navy fleet.
Under the contract, EM Solutions will deliver and install systems on several Royal Australian Navy vessels, allowing legacy communications systems to be retired.
The deliveries include terminals (including antenna), spares and related products and services.
EOS said the value of the agreed contract is $149.5m, with potential for further supply not to exceed an additional $52.7m, yielding a total contract value of up to $202.2m.
The contract schedule extends for seven years from 2023 to scheduled final acceptance in 2030.
FRIDAY’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 |
|---|---|---|---|---|---|
| RPG | Raptis Group Limited | 0.02 | -39% | 113,237 | $2,095,050 |
| DXN | DXN Limited | 0.002 | -33% | 12,600,000 | $5,163,945 |
| VPR | Volt Power Group | 0.001 | -33% | 1,211,279 | $16,074,312 |
| IS3 | I Synergy Group Ltd | 0.007 | -30% | 10,000 | $2,890,804 |
| FFT | Future First Tech | 0.02 | -29% | 28,000 | $20,015,424 |
| MTM | MTM Critical Metals | 0.1 | -29% | 20,324,166 | $12,370,058 |
| BAT | Battery Minerals Ltd | 0.003 | -25% | 24,873 | $13,427,769 |
| TSI | Top Shelf | 0.26 | -24% | 1,646,726 | $28,617,641 |
| GFN | Gefen Int | 0.007 | -22% | 526,352 | $612,901 |
| MRI | My Reward International | 0.018 | -22% | 1,560,818 | $5,036,950 |
| HVM | Happy Valley | 0.02 | -20% | 415,749 | $5,648,864 |
| INP | Incentiapay Ltd | 0.008 | -20% | 1,763,593 | $12,650,636 |
| RML | Resolution Minerals | 0.004 | -20% | 1,054,801 | $6,286,459 |
| DSK | Dusk Group | 1.235 | -18% | 1,317,000 | $94,335,815 |
| 8VI | 8Vi Holdings Limited | 0.52 | -17% | 1,500 | $26,700,296 |
| ROC | Rocketboots | 0.075 | -17% | 240,193 | $2,857,500 |
| VAR | Variscan Mines Ltd | 0.015 | -17% | 854,003 | $5,726,176 |
| CHK | Cohiba Min Ltd | 0.005 | -17% | 600,000 | $10,879,465 |
| GCR | Golden Cross | 0.005 | -17% | 230,000 | $6,583,537 |
| SER | Strategic Energy | 0.017 | -15% | 8,000 | $5,934,874 |
| T92 | Terra Uranium | 0.21 | -14% | 159,487 | $10,168,764 |
| ADX | ADX Energy Ltd | 0.006 | -14% | 291,428 | $24,742,372 |
| AHN | Athena Resources | 0.003 | -14% | 2,828,564 | $3,746,636 |
| M4M | Macro Metals Limited | 0.003 | -14% | 150,000 | $6,954,772 |
| OPN | Oppenneg | 0.03 | -14% | 748,387 | $7,032,010 |
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Featured Companies
- ASX: OMA Omega Oil & Gas
- ASX: LPM Lithium Plus Minerals
- ASX: ALM Alma Metals
- ASX: AW1 American West Metals
- ASX: AUB AUB Group
- ASX: RIM Rimfire Pacific Mining
- ASX: TYX Tyranna Resources
- ASX: TSL Titanium Sands
- ASX: ASB Austal
- ASX: RNX Renegade Exploration
- ASX: EOS Electro Optic Systems
- ASX: DTZ Dotz Nano
