Rise and Shine: Everything you need to know before the ASX opens

On Stockhead today, Fortescue Lithium Group has been very busy.

The US debt ceiling scenarios you need to know – including the one where the S&P500 dies by about a third – and the few places you can hide.

There’s a big market in a modern world for diabetes drugs that also you get off the beers and shed the kegs.

Finally, Credit Suisse want you to know that once interest rates finally start falling the stock markets will follow… and that’s according to history – the former Swiss bank says – not just according to their analysis or opinion… which they probably accept also counts for not a heap at the moment.

But hey! First, the day ahead.

TRADING HALTS

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

Vertex Minerals (ASX:VTX) – Capital raising

Venture Minerals (ASX:VMS) – Placement of the shortfall from Venture’s recent share purchase plan

Trek Metals (ASX:TKM) – Capital raising

Moho Resources (ASX:MOH) – Capital raising

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?

360 view.

After a bumpy ride for tech stocks @Life360 is up 42% in the past month and its CEO reckons it’s a good example of how investors can get both value and growth from a tech company. https://t.co/63WJnaON3N #ASX pic.twitter.com/X7npb4v9NP

— Stockhead (@StockheadAU) May 24, 2023

I like this CaTL.

• Investment banks bullish again on the #Lithium sector, making sold down stocks look attractive
• Canaccord’s best lithium stock IN THE WORLD (for upside) is @ctlithium $CTL
• #ASX small caps of the week: @Westar_Res, Wildcat $WC8 $WSR

https://t.co/hyDj7iWgLw

— Stockhead (@StockheadAU) May 23, 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
RB6	Rubixresources	0.26	44%	5,904,913	$5,049,000
CBR	Carbon Revolution	0.175	40%	4,942,787	$26,489,378
RMX	Red Mount Min Ltd	0.004	33%	737,929	$6,815,553
K2F	K2Fly Ltd	0.115	31%	317,892	$15,427,702
NYM	Narryermetalslimited	0.13	30%	80,850	$3,048,750
DXN	DXN Limited	0.0025	25%	300,000	$3,442,630
RML	Resolution Minerals	0.005	25%	163,000	$5,029,167
OCT	Octava Minerals	0.155	24%	431,847	$4,645,314
BMG	BMG Resources Ltd	0.016	23%	75,898,843	$6,077,364
PVL	Powerhouse Ven Ltd	0.06	22%	50,000	$5,916,416
TMX	Terrain Minerals	0.0085	21%	19,861,998	$7,582,395
ADO	Anteotech Ltd	0.04	21%	6,145,629	$67,647,971
PAB	Patrys Limited	0.012	20%	4,821,484	$20,572,684
RRR	Revolverresources	0.13	18%	127,869	$12,248,401
CSX	Cleanspace Holdings	0.3	18%	125,093	$19,639,978
LME	Limeade Inc.	0.14	17%	64,442	$30,844,980
AD1	AD1 Holdings Limited	0.007	17%	200,000	$4,935,414
CXU	Cauldron Energy Ltd	0.007	17%	100,000	$5,589,412
PYR	Payright Limited	0.007	17%	517,265	$5,285,311
RNT	Rent.Com.Au Limited	0.028	17%	975,519	$12,327,701
EMC	Everest Metals Corp	0.085	16%	628,256	$9,448,617
MEG	Megado Minerals Ltd	0.051	16%	11,529,717	$11,196,045
DES	Desoto Resources	0.11	16%	54,090	$5,693,018
AAU	Antilles Gold Ltd	0.037	16%	1,732,768	$18,571,177
OSL	Oncosil Medical	0.015	15%	12,603,016	$25,720,299

Rubix Resources (ASX:RB6) and BMG Resources (ASX:BMG) jumped early, Rubix taking line honours on 41.7%, after entering into a binding agreement to acquire 100% of the Ceiling Lithium Project in the James Bay Region of Quebec, Canada.

That’s the bit of Canada where Patriot Battery Metals (ASX:PMT) and Allkem (ASX:AKE) are hanging out for the winter, loaded for bear, but aiming for lithium.

Carbon fibre wheel manufacturer Carbon Revolution (ASX:CBR) has jumped 36% on news that the company has established a new US$60 million debt program.

CBR says the loan will be put towards “new funding for further Mega-line automation and capacity expansion, general corporate and other working capital purposes of up to US$37.0 million”

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
GGX	Gas2Grid Limited	0.001	-33%	5,500,000	$6,115,653
GFN	Gefen Int	0.005	-29%	361,133	$476,701
PIM	Pinnacleminerals	0.115	-26%	847,595	$3,964,125
PUA	Peak Minerals Ltd	0.003	-25%	18,619,600	$4,165,506
UNI	Universal Store	3.13	-24%	3,357,101	$317,624,153
OLL	Openlearning	0.03	-23%	440,934	$10,446,894
FGL	Frugl Group Limited	0.007	-22%	18,785	$8,604,558
TNY	Tinybeans Group Ltd	0.16	-20%	142,355	$12,277,091
AYT	Austin Metals Ltd	0.004	-20%	566,739	$5,079,373
MTH	Mithril Resources	0.002	-20%	9,701,250	$8,422,011
RBR	RBR Group Ltd	0.002	-20%	120,000	$4,046,012
WSR	Westar Resources	0.062	-19%	54,034,621	$8,561,955
29M	29Metalslimited	0.825	-19%	11,115,218	$491,693,134
MEM	Memphasys Ltd	0.017	-19%	255,380	$20,149,928
SRT	Strata Investment	0.16	-18%	20,000	$33,037,597
CPH	Creso Pharma Ltd	0.01	-17%	45,057,363	$26,592,026
REZ	Resourc & En Grp Ltd	0.011	-15%	150,000	$6,497,475
POL	Polymetals Resources	0.305	-15%	45,776	$34,985,769
AHN	Athena Resources	0.003	-14%	2,728,428	$3,746,636
AL8	Alderan Resource Ltd	0.006	-14%	960,000	$4,316,863
SI6	SI6 Metals Limited	0.006	-14%	4,700,285	$10,467,762
IDA	Indiana Resources	0.043	-14%	123,800	$25,310,241
DYM	Dynamicmetalslimited	0.225	-13%	321,280	$9,100,000
1AE	Auroraenergymetals	0.078	-13%	291,566	$11,047,876
BXN	Bioxyne Ltd	0.02	-13%	95,000	$43,737,844