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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, four lithium stocks power into the ASX 300, who’s getting shorted this month, and how to position for political tail risk.
But first… the day ahead.
TRADING HALTS
The following companies are in trading halts and are expected out in the coming days:
Aldoro Resources (ASX:ARN) – capital raising
Scorpion Minerals (ASX:SCN) – capital raising
Propell Holdings (ASX:PHL) – capital raising
Sunstone Metals (ASX: STM) – capital raising
Mithril Resources (ASX:MTH) – capital raising
Cobre (ASX:CBE) – exploration program in Botswana, response to a price and volume query
Krakatoa Resources (ASX:KTA) –material exploration results from Mt Clere REE Project
Ragnar Metals (ASX:RAG) – significant assay results from the Swedish drilling program
Pathfinder Resources (ASX:PF1) – potential acquisition
MARKETS (updated at 8am AEDT)
Gold: $US1,953.05 (+0.37%)
Silver: $US25.06 (+1.32%)
Nickel (3mth): $US32,480/t (-4.06%)
Copper (3mth): $US10,157/t (-1.61%)
Oil (WTI): $US94.97 (-2.30%)
Oil (Brent): $US99.77 (-3.00%)
Aust Coking Coal (steelmaking): $406.7/t (-9.6%)
Newcastle Coal (thermal): $264/t (+2.0%)
Iron 62pc Fe: $US155.94 (+1.12%)
AUD/USD: $US0.7421 (+0.05%)
Bitcoin: $US39,512(-7.59%)
WHAT GOT YOU TALKING YESTERDAY?
Late last week we asked ‘which lithium stock could be the next to $1bn MC?’
Arizona Lithium was the favourite (~40%) after 650 votes, followed by Argosy (22%) and Galan (20%), but there was also much love in the comments for Lithium Power International.
Which #ASX lithium stock do you think will be the next to reach $1 billion market cap?
— Stockhead (@StockheadAU) April 7, 2022
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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
YESTERDAY’S BIGGEST SMALL CAP WINNERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Description | Price | % | Volume |
|---|---|---|---|---|
| 4DS | 4Ds Memory Limited | 0.1 | 47.1% | 77,268,158 |
| NTL | New Talisman Gold | 0.002 | 33.3% | 986,236 |
| IKW | Ikwezi Mining Ltd | 1.51 | 25.8% | 15,453 |
| CSE | Copper Strike Ltd | 0.125 | 25.0% | 388,132 |
| GTG | Genetic Technologies | 0.005 | 25.0% | 161,388 |
| MEB | Medibio Limited | 0.005 | 25.0% | 200,200 |
| KMT | Kopore Metals Ltd | 0.042 | 23.5% | 13,020,265 |
| CII | CI Resources Limited | 1.21 | 22.2% | 25,923 |
| RAP | Resapp Health Ltd | 0.11 | 22.2% | 12,896,808 |
| PNX | PNX Metals Limited | 0.006 | 20.0% | 400,000 |
| PHO | Phosco Ltd | 0.16 | 18.5% | 2,446,894 |
| RNO | Rhinomed Ltd | 0.24 | 17.9% | 901,720 |
| CGB | Cann Global Limited | 0.042 | 16.7% | 1,694,476 |
| CXU | Cauldron Energy Ltd | 0.021 | 16.7% | 4,629,393 |
| HHR | Hartshead Resources | 0.028 | 16.7% | 9,572,693 |
| SCT | Scout Security Ltd | 0.05 | 16.3% | 498,365 |
| AEV | Avenira Limited | 0.023 | 15.0% | 43,041,235 |
| SRZ | Stellar Resources | 0.032 | 14.3% | 7,388,297 |
| CAN | Cann Group Ltd | 0.4 | 14.3% | 5,447,657 |
| AMN | Agrimin Ltd | 0.53 | 14.0% | 2,205,593 |
| DRX | Diatreme Resources | 0.025 | 13.6% | 5,010,421 |
| VAN | Vango Mining Ltd | 0.042 | 13.5% | 2,930,510 |
| EMT | Emetals Limited | 0.017 | 13.3% | 153,461 |
| FRS | Forrestania Resources | 0.385 | 13.2% | 267,708 |
| AUA | Audeara | 0.1125 | 12.5% | 54,757 |
Semiconductor development company 4DS Memory (ASX:4DS) provided an update on technical achievements for the first quarter of 2022.
Smartphone-based health company ResApp Health (ASX:RAP) surprised the market after revealing that global giant Pfizer wants to buy out the company.
RhinoMed (ASX:RNO) surged after coming out of a trading halt, and explorer Forrestania Resources (ASX:FRS) identified a pegmatite (source of lithium) outcrop at one of its projects in WA.
YESTERDAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| ANW | Aus Tin Mining | 0.001 | -50.0% | 67,885,663 |
| YPB | YPB Group Ltd | 0.001 | -33.3% | 1,000,000 |
| ANL | Amani Gold Ltd | 0.0015 | -25.0% | 3,475,297 |
| EVE | EVE Health Group Ltd | 0.0015 | -25.0% | 36,502,861 |
| LAW | Lawfinance Ltd | 0.275 | -24.7% | 119,999 |
| BAS | Bass Oil Ltd | 0.002 | -20.0% | 92,387,107 |
| CCE | Carnegie Cln Energy | 0.002 | -20.0% | 5,301,746 |
| NXM | Nexus Minerals Ltd | 0.355 | -18.4% | 12,347,339 |
| AFW | Applyflow Limited | 0.0025 | -16.7% | 2,170,000 |
| DCG | Decmil Group Limited | 0.1125 | -16.7% | 2,700,049 |
| LNY | Laneway Res Ltd | 0.005 | -16.7% | 1,262,669 |
| BIR | BIR Financial Ltd | 0.021 | -16.0% | 302,496 |
| DM1 | Desert Metals | 0.32 | -15.8% | 1,297,237 |
| PO3 | Purifloh Ltd | 0.66 | -15.4% | 50,487 |
| AVW | Avira Resources Ltd | 0.006 | -14.3% | 3,477,720 |
| GNM | Great Northern | 0.006 | -14.3% | 7,599,121 |
| NHE | Noble Helium | 0.34 | -13.9% | 4,040,440 |
| MEM | Memphasys Ltd | 0.063 | -13.7% | 937,426 |
| VBS | Vectus Biosystems | 1.2 | -13.7% | 76,794 |
| BRX | Belararoxlimited | 1.09 | -13.5% | 507,807 |
| SHN | Sunshine Gold Ltd | 0.039 | -13.3% | 3,377,162 |
| JNO | Juno | 0.13 | -13.3% | 28,285 |
| RHY | Rhythm Biosciences | 1.44 | -12.7% | 716,755 |
| GGX | Gas2Grid Limited | 0.0035 | -12.5% | 399,700 |
| GMN | Gold Mountain Ltd | 0.007 | -12.5% | 23,739 |
