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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, Aussies hunting copper in Canada, drippy yoof gear stonks with upside, and the ASX AI plays you’ve been looking for.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Tuesday and are expected out in the coming days:
Paladin Energy (ASX:PDN) – Halt called ahead of an announcement by Paladin in relation to a recent article which includes purported statements from the Namibian Mines and Energy Minister regarding in country mining and petroleum assets.
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 YESTERDAY?
Our Canada Unearthed column wraps the news driving mining and exploration stocks listed on the TSX and TSX.V.
This week we look at uranium producer Cameco (TSX:CCO), which has benefitted from an the upswing in yellowcake prices and investor sentiment.
HEADLINES FROM DOWN UNDER Canada Unearthed: ‘Nuclear is making a big comeback’ and so is superstar uranium producer Cameco – Stockhead #nuclear #uranium https://t.co/nqC2ABNV4m
— Alexandra Franzos (@AFranzos) May 29, 2023
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.
For all you crypto lovers Stockhead’s Coinhead Facebook group 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.
TUESDAY’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks on Tuesday:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| GGX | Gas2Grid Limited | 0.002 | 100% | 1,356,586 | $4,077,102 |
| MEB | Medibio Limited | 0.0015 | 50% | 225,000 | $4,150,594 |
| MX1 | Micro-X Limited | 0.125 | 39% | 2,548,502 | $46,292,889 |
| TGH | Terragen | 0.027 | 35% | 49,924 | $3,880,385 |
| AKP | Audio Pixels Ltd | 12.2 | 34% | 30,883 | $264,307,152 |
| CT1 | Constellation Tech | 0.004 | 33% | 4,373,456 | $4,413,601 |
| VAL | Valor Resources Ltd | 0.004 | 33% | 1,356,040 | $11,409,104 |
| HLX | Helix Resources | 0.006 | 33% | 45,148,282 | $10,454,156 |
| BKY | Berkeley Energia Ltd | 0.49 | 26% | 1,451,382 | $173,860,719 |
| WC8 | Wildcat Resources | 0.1075 | 25% | 26,077,636 | $56,933,955 |
| YPB | YPB Group Ltd | 0.0025 | 25% | 460,000 | $1,238,498 |
| VN8 | Vonex Limited. | 0.031 | 24% | 993,710 | $9,045,716 |
| PFT | Pure Foods Tas Ltd | 0.185 | 23% | 787,731 | $16,460,987 |
| TSI | Top Shelf | 0.245 | 23% | 848,973 | $16,833,907 |
| SER | Strategic Energy | 0.022 | 22% | 96,475 | $5,341,387 |
| WSR | Westar Resources | 0.084 | 22% | 65,767,038 | $12,643,849 |
| TMK | TMK Energy Limited | 0.017 | 21% | 9,868,012 | $70,351,110 |
| WA8 | Warriedarresourltd | 0.12 | 20% | 408,054 | $43,105,881 |
| CPT | Cipherpoint Limited | 0.006 | 20% | 2,427,228 | $5,796,209 |
| EX1 | Exopharm Limited | 0.012 | 20% | 3,189,254 | $4,394,231 |
| OAU | Ora Gold Limited | 0.003 | 20% | 1,253,864 | $9,842,313 |
| PNX | PNX Metals Limited | 0.003 | 20% | 240,666 | $13,451,562 |
| MHC | Manhattan Corp Ltd | 0.0065 | 18% | 12,744,898 | $16,149,533 |
| TAL | Talius Group Limited | 0.013 | 18% | 451,992 | $25,065,033 |
| 1AG | Alterra Limited | 0.014 | 17% | 1,534,384 | $8,358,631 |
Adelaide-based Micro-X (ASX:MX1) is changing the way bombs are detected with its Argus IED X-ray camera pre-production unit successfully completing field testing for improvised explosive devices (IEDs).
Argus, about the size of a large cereal box, enables bomb disposal guys to safely image suspect packages remotely with greater clarity than ever before.
The Argus has attracted interest from key global players in the defence sector including the FBI, US military and police departments.
“Argus opens the door to an addressable market of US$1.8 billion based on the number of bomb disposal teams worldwide,” CEO Kingsley Hall told Stockhead.
READ: Micro-X made a crucial bomb disposal breakthrough – and the US is watching
Pure Foods Tasmania (ASX:PFT) issued a highly positive trading update, which includes news that the company expects revenue to grow a solid 50% in FY24 against its FY23 results.
The revenue jump is likely to be driven by booming sales of PFT’s potato and gravy product – a 450g bucket of mashed spuds and gravy that looks like this:
TUESDAY’S ASX SMALL CAP LAGGARDS
Here are the worst performing ASX small cap stocks on Tuesday:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ARE | Argonaut Resources | 0.001 | -33% | 307,646,889 | $9,542,807 |
| CCO | The Calmer Co Int | 0.002 | -33% | 456,842 | $1,356,153 |
| CLE | Cyclone Metals | 0.001 | -33% | 294,223 | $13,633,872 |
| MAG | Magmatic Resrce Ltd | 0.092 | -29% | 3,214,901 | $39,740,064 |
| TYM | Tymlez Group | 0.003 | -25% | 52,476,758 | $4,368,781 |
| NYM | Narryermetalslimited | 0.115 | -23% | 540,318 | $4,573,125 |
| GNM | Great Northern | 0.002 | -20% | 350,000 | $5,340,784 |
| PDN | Paladin Energy Ltd | 0.535 | -20% | 40,408,698 | $1,981,797,387 |
| X2M | X2M Connect Limited | 0.055 | -19% | 202,536 | $10,597,813 |
| SP8 | Streamplay Studio | 0.009 | -18% | 537,109 | $12,519,361 |
| EQS | Equitystorygroupltd | 0.033 | -18% | 425,000 | $1,624,592 |
| AD1 | AD1 Holdings Limited | 0.005 | -17% | 12,000 | $4,935,414 |
| NET | Netlinkz Limited | 0.01 | -17% | 6,992,277 | $41,919,007 |
| SGC | Sacgasco Ltd | 0.005 | -17% | 1,508,736 | $3,694,343 |
| NSB | Neuroscientific | 0.093 | -15% | 83,493 | $15,781,881 |
| RB6 | Rubixresources | 0.22 | -15% | 1,156,496 | $7,293,000 |
| NCL | Netccentric Ltd | 0.057 | -15% | 268,842 | $18,961,781 |
| LME | Limeade Inc. | 0.115 | -15% | 29,550 | $34,767,591 |
| NZS | New Zealand Coastal | 0.003 | -14% | 32,305 | $5,789,035 |
| WIA | WIA Gold Limited | 0.031 | -14% | 2,017,110 | $20,603,443 |
| PH2 | Pure Hydrogen Corp | 0.22 | -14% | 1,457,653 | $90,566,345 |
| BCT | Bluechiip Limited | 0.026 | -13% | 1,037,825 | $20,476,914 |
| HTA | Hutchison | 0.041 | -13% | 9,949 | $637,907,903 |
| AMD | Arrow Minerals | 0.0035 | -13% | 704,814 | $12,095,060 |
| GMN | Gold Mountain Ltd | 0.0035 | -13% | 367,750 | $7,879,730 |
Explorer Argonaut Resources (ASX:ARE) was kicked out of bed on some fairly ordinary lithium drilling results at the Higginsville project in WA.
Uranium project developer Paladin Energy (ASX:PDN) plummeted following news that Namibia is considering taking minority stakes in mining and petroleum production companies.
There are also concerns the government may even force companies to be fully nationalised.
And former market darling Sayona Mining (ASX:SYA) completed its $200m placement at 18c/sh, sending the share price to 2023 lows.
The company says the cash will expedite the development of its northern Quebec lithium hub, centred on the Moblan project, where a 60km drilling program is underway.
It follows a C$50m raise via flow‐through‐shares (FTS) in March at 31.5c per share.
