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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, Mining is cycling, and these 5 ASX legends are riding it.
Market Matters picks off 3 emerging co’s it would buy (in order of preference.)
And there’s 1 ‘baby bubble’ on Wall Street. Bank of America says it’s all the fault of AI and the ‘Magnificent Seven.‘
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:
Pharmaxis (ASX:PXS) – Announcement regarding top line results of an investigator initiated Phase-1c clinical trial in established scars.
Cohiba Minerals (ASX:CHK) – Acquisition and capital raising.
Latrobe Magnesium (ASX:LMG) – Capital raising.
Superior Resources (ASX:SPQ) – Capital raising.
Aurora Energy Metals (ASX:1AE) – Capital raising.
Openn Negotiation (ASX:OPN) – Capital raising.
Benz Mining (ASX:BNZ) – Announcement regarding an upgraded mineral resource estimate for the company’s Eastmain Gold Project.
Technology Metals Australia (ASX:TMT) – Capital raising.
Rubix Resources (ASX:RB6) – Acquisition and capital raising.
Kalgoorlie Gold Mining (ASX:KAL) – Acquisition and farm In.
Golden State Mining (ASX:GSM) – Capital raising.
Global Oil and Gas (ASX:GLV) – Announcement with respect to a Petroleum Application.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1972.23 (-0.19%)
Silver: $US23.650 (-0.72%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US72.01(-0.41%)
Oil (Brent): $US79.81 (+0.49%)
Iron 62pc Fe: $US106.50/t (+3.9%)
AUD/USD: 0.6650 (-0.0%)
Bitcoin: $US26,854 (+0.01%)
WHAT GOT YOU TALKING?
Peter Strachan did.
Brightstar Resources’ Cork Tree Well projects shows clear sign of growth potential 🎙 In this episode @Peter_Strachan chats to Alex Rovira, managing director of @BrightstarReso1 $BTR https://t.co/6cUsRACUnbhttps://t.co/ap1RBscLES
— Stockhead (@StockheadAU) May 22, 2023
And so did, them crazy Canucks…
It’s time to shine a light on some of the TSX-iest up and coming stocks for 2023.@HomerunRes @LimitedDelta @VoltLithium @FIN_TSXV @GladiatorMetals $GLAD.V $FIN.V $VLT $DLTA $HMR.V $NOAL.Vhttps://t.co/OCxOQNEWZB
— Stockhead (@StockheadAU) May 21, 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 |
|---|---|---|---|---|---|
| 1ST | 1St Group Ltd | 0.006 | 50% | 510,671 | $5,667,965 |
| IS3 | I Synergy Group Ltd | 0.01 | 43% | 104,701 | $2,023,563 |
| SI6 | SI6 Metals Limited | 0.007 | 40% | 7,283,149 | $7,476,973 |
| WC8 | Wildcat Resources | 0.078 | 34% | 28,131,879 | $38,397,318 |
| AYM | Australia United Min | 0.004 | 33% | 127,700 | $5,527,732 |
| M4M | Macro Metals Limited | 0.004 | 33% | 2,245,543 | $5,961,233 |
| RDN | Raiden Resources Ltd | 0.004 | 33% | 14,905,003 | $5,563,747 |
| WSR | Westar Resources | 0.05 | 33% | 22,133,486 | $4,169,783 |
| FGL | Frugl Group Limited | 0.009 | 29% | 1,400,243 | $6,692,434 |
| ZAG | Zuleika Gold Ltd | 0.018 | 29% | 646,214 | $7,322,709 |
| GTK | Gentrack Group Ltd | 4.09 | 28% | 581,677 | $325,536,592 |
| DC2 | Dctwo | 0.023 | 28% | 126,036 | $2,351,059 |
| NHE | Nobleheliumlimited | 0.195 | 26% | 941,211 | $19,123,815 |
| ICN | Icon Energy Limited | 0.005 | 25% | 49,591 | $3,072,055 |
| RML | Resolution Minerals | 0.005 | 25% | 5,000,000 | $5,029,167 |
| MAN | Mandrake Res Ltd | 0.047 | 21% | 9,873,171 | $23,351,637 |
| AVE | Avecho Biotech Ltd | 0.006 | 20% | 26,678,159 | $10,810,796 |
| POL | Polymetals Resources | 0.365 | 20% | 210,552 | $29,640,721 |
| OSM | Osmondresources | 0.19 | 19% | 501,931 | $5,296,001 |
| LVE | Love Group Global | 0.065 | 18% | 3,489 | $2,229,379 |
| VMM | Viridismining | 0.235 | 18% | 84,279 | $6,241,800 |
| ADG | Adelong Gold Limited | 0.0105 | 17% | 2,171,598 | $4,804,401 |
| BVR | Bellavistaresources | 0.21 | 17% | 159,597 | $6,835,052 |
| BAT | Battery Minerals Ltd | 0.0035 | 17% | 851,741 | $10,070,827 |
| FAU | First Au Ltd | 0.0035 | 17% | 250,000 | $4,355,980 |
Wildcat Resources (ASX:WC8) chalked up another up 34.5% to take its gains for the month past 160% after announcing that it had entered into a conditional, binding agreement to acquire 100% of the Tabba Tabba Tantalum Mine and Lithium-Tantalum Project, 50km from Port Hedland in the Pilbara, WA.
In second place, after a sharp sell off last week Westar Resources (ASX:WSR) boomed again, but this time on no news. It was up 28% at lunchtime on Monday, and closing in on its recent 15 May high of $0.052 per share.
It’s been a week since Westar told the market it had found “numerous thick pegmatite intersections (up to 44 metres)” which it considered “very promising” at its Olga Rock prospect.
But, despite the fact assays from Olga Rocks are still around 5 weeks away, investors seem to be back on board, pushing WSR higher by 33.3% for the session.
Finally, Noble Helium (ASX:NHE), jumped 26% after releasing a very promising operational update from its North Rukwa project in Tanzania.
The company says it’s on track to complete its farmout by the end of May (a bit over a week away), and a deal has been struck that will see Sofori’s Drillmec HH102 rig – which is currently undergoing maintenance in Tunisia – mobilised to Tanzania in mid-June.
Honourable mention for Zuleika Gold (ASX:ZAG), which Gregor said is s”by far the day’s prime candidate for a “please explain” postcard from the ASX,” after there was a massive spike in volume (646,214 against a 4W avg of 51,841) that sent the trading price up 28.6%, “despite not even a hint of a whiff of news since the company dropped its quarterly in late April.”
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 |
|---|---|---|---|---|---|
| MTH | Mithril Resources | 0.002 | -33% | 1,900,000 | $10,106,413 |
| MCT | Metalicity Limited | 0.0015 | -25% | 2,163,214 | $7,009,079 |
| WNR | Wingara Ag Ltd | 0.045 | -24% | 101,557 | $10,357,008 |
| PYR | Payright Limited | 0.01 | -23% | 1,079,951 | $11,451,507 |
| TYM | Tymlez Group | 0.007 | -22% | 27,263,538 | $9,829,758 |
| AAP | Australian Agri Ltd | 0.011 | -21% | 35,714 | $4,271,393 |
| 8VI | 8Vi Holdings Limited | 0.41 | -21% | 11,000 | $22,038,339 |
| EMU | EMU NL | 0.002 | -20% | 390,633 | $3,625,053 |
| ODE | Odessa Minerals Ltd | 0.008 | -20% | 2,578,972 | $7,514,597 |
| SFG | Seafarms Group Ltd | 0.004 | -20% | 884,499 | $24,182,996 |
| YPB | YPB Group Ltd | 0.002 | -20% | 524,321 | $1,548,122 |
| FFF | Forbidden Foods | 0.025 | -19% | 113,500 | $4,122,397 |
| Z2U | Zoom2Utechnologies | 0.06 | -19% | 41,540 | $10,359,236 |
| IMI | Infinitymining | 0.135 | -18% | 333,020 | $12,618,923 |
| WEC | White Energy Company | 0.091 | -17% | 486 | $4,462,622 |
| FIN | FIN Resources Ltd | 0.015 | -17% | 505,440 | $11,133,637 |
| GTG | Genetic Technologies | 0.0025 | -17% | 2,355,651 | $34,624,974 |
| PAB | Patrys Limited | 0.01 | -17% | 5,068,438 | $24,687,221 |
| RBR | RBR Group Ltd | 0.0025 | -17% | 4,600,000 | $4,855,214 |
| TYR | Tyro Payments | 1.2875 | -16% | 17,932,403 | $798,654,997 |
| OPL | Opyl Limited | 0.021 | -16% | 161,585 | $2,001,627 |
| CII | CI Resources Limited | 1.01 | -16% | 39,359 | $138,697,328 |
| R8R | Regener8Resourcesnl | 0.15 | -14% | 45,000 | $4,489,844 |
| CPH | Creso Pharma Ltd | 0.012 | -14% | 21,722,140 | $31,024,030 |
| CPO | Culpeominerals | 0.06 | -14% | 252,186 | $4,642,071 |
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