On Stockhead today, Our Guy on Rocks always knows where to find the good news – he actually looks under the rocks – and there’s two chunky bits for fans of money to chew over in this edition.

Uranium went and hit a 52-week high closing at US$54.38/lb, up 50 cents in the last week, while lithium prices in China have stabilised and rebounded to above RMB200K/tonne in response to the improving demand outlook.

You probably ought to know by now that Solis Minerals (ASX:SLM) is buying the Jaguar lithium project in Brazil, and if not, you’ll want to read the latest by Our Emma Davies where she reports SLM’s surface rock chip sampling has apparently returned grades up to 4.95% Li2O.

There’s an extensive spodumene-rich pegmatite body mapped over 1km of strike, with widths of +50m, SLM says in Emma’s glamour reporting.

Guy says some committed restocking by China’s gaggle of downstream cathode producers as well as a poor attempt at negotiating fairly with its various spodumene producers has seen Chinese powers that want to be fail entirely to lower prices.

Guy is All Over the Rocks, in this edition of Blood on the Bourse.

But first, the day ahead.

 

TRADING HALTS

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

Aurelia Metals (ASX:AMI) – Capital raising.

Vintage Energy (ASX:VEN) – Capital raising.

Aruma Resources (ASX:AAJ) – Capital raising.

European Lithium (ASX:EUR) – Announcement regarding financing of the Wolfsberg lithium project.

Argenica Therapeutics (ASX:AGN) – Capital raising.

Immutep (ASX:IMM) – Equity raising.

Patagonia Lithium (ASX:PL3) – Announcement in relation to significant exploration results.

 

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?

The Kiwis are upping their game.

 

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.

 

WEDNESDAY’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
ZLD Zelira Therapeutics 3.18 238% 1,173,179 $10,666,326
SLM Solismineralsltd 0.275 96% 13,744,672 $6,517,696
GSM Golden State Mining 0.051 70% 29,594,655 $3,510,426
TYM Tymlez Group 0.005 67% 165,785,664 $3,276,586
CAZ Cazaly Resources 0.036 44% 13,493,566 $9,295,545
IS3 I Synergy Group Ltd 0.01 43% 13,940 $2,023,563
MTL Mantle Minerals Ltd 0.002 33% 3,598,269 $9,221,169
SRJ SRJ Technologies 0.08 31% 29,830 $5,783,779
AXE Archer Materials 0.6 26% 2,683,630 $121,052,331
BEX Bikeexchange Ltd 0.01 25% 698,654 $8,967,868
RDN Raiden Resources Ltd 0.005 25% 1,109,568 $7,418,330
HYD Hydrix Limited 0.033 22% 619,306 $6,863,909
AKP Audio Pixels Ltd 14.65 20% 58,195 $354,345,852
BET Betmakers Tech Group 0.15 20% 12,738,754 $117,942,700
SGC Sacgasco Ltd 0.006 20% 15,833 $3,078,619
TTI Traffic Technologies 0.012 20% 166,894 $7,576,702
ALM Alma Metals Ltd 0.013 18% 1,485,467 $10,054,009
G50 Gold50Limited 0.175 17% 90,000 $8,541,450
SHN Sunshine Gold Ltd 0.021 17% 2,790,674 $17,264,809
NAE New Age Exploration 0.007 17% 13,785,249 $8,615,393
LER Leaf Res Ltd 0.015 15% 221,172 $26,806,505
AZS Azure Minerals 0.54 15% 3,266,638 $183,410,954
CYQ Cycliq Group Ltd 0.008 14% 257,455 $2,432,617
GMN Gold Mountain Ltd 0.004 14% 1,308,773 $6,894,764
LMLND Lincoln Minerals 0.008 14% 125,000 $5,827,347
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Zelira Therapeutics (ASX:ZLD), kicked far ahead of the rest after an IRB-approved 1 multi-arm head-to-head study of its proprietary diabetic nerve pain drug ZLT-L-007 showed that it outperforms the current go-to drug Lyrica.

This is massive news – Lyrica (also known as pregabalin) is a multi-billion dollar money spinner, prescribed heavily around the world to tackle pain associated with horribly painful peripheral neuropathy (nerve damage) brought on by diabetes and other ailments.

Zelira was already up 192.55% by lunchtime, and closed more than 220% higher for the day.

Meanwhile, as mentioned, Solis Minerals (ASX:SLM) jumped 107% on news that the company has executed an option to acquire the Jaguar hard rock lithium project in Bahia State, Brazil.

Rock chip samples from Jaguar’s pegmatite has confirmed spodumene grades in oxidised pegmatite up to 4.95% Li2O, and the project has extensive pegmatite body mapped over 1km of strike, with widths in excess of 50m with coarse visible spodumene exposed across pegmatite body.

Solis will have some excellent assistance in getting started at the site, with its largest shareholder, Latin Resources (ASX:LRS), lined up to provide exploration guidance and in-country experience.

Golden State Mining (ASX:GSM), also flew high, but without any fresh news to provide an explanation.

GSM recently announced the acquisition of exploration rights adjacent to the Nomad lithium prospect at the Yule project in WA’s Pilbara region, but that was a week ago… still, its trading price was up 66.7% at lunchtime, and closed at 57%.

 

WEDNESDAY’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
MRD Mount Ridley Mines 0.002 -33% 1,595,011 $23,354,649
SVY Stavely Minerals Ltd 0.125 -29% 1,707,953 $57,097,900
CTE Cryosite Limited 0.515 -26% 10,546 $34,166,694
PUA Peak Minerals Ltd 0.003 -25% 11,821,572 $4,165,506
DAF Discovery Alaska Ltd 0.027 -25% 942,848 $8,432,449
TOY Toys R Us 0.01 -23% 3,698,555 $11,220,127
AFW Applyflow Limited 0.011 -21% 228,250 $2,070,329
TTM Titan Minerals 0.04 -20% 1,136,203 $70,563,659
ZAG Zuleika Gold Ltd 0.014 -18% 378,698 $8,891,861
HAS Hastings Tech Met 1.705 -17% 1,716,091 $265,017,137
CAV Carnavale Resources 0.0025 -17% 842,666 $8,200,655
PYR Payright Limited 0.005 -17% 43,202 $5,285,311
ROO Roots Sustainable 0.005 -17% 3,558,705 $832,333
RFA Rare Foods Australia 0.064 -16% 10,055 $15,374,431
FEG Far East Gold 0.3 -14% 82,177 $53,566,874
ADR Adherium Ltd 0.003 -14% 45,744 $17,487,534
GFN Gefen Int 0.006 -14% 22,000 $476,701
FNX Finexia Financialgrp 0.25 -14% 135,793 $13,910,018
RXH Rewardle Holding Ltd 0.025 -14% 680,315 $15,263,323
FFT Future First Tech 0.019 -14% 196,000 $15,726,404
PET Phoslock Env Tec Ltd 0.019 -14% 1,200,256 $13,736,591
NXS Next Science Limited 0.49 -13% 135,344 $121,356,426
SEG Sports Ent Grp Ltd 0.2 -13% 2,650 $60,055,766
BDG Black Dragon Gold 0.04 -13% 544,842 $9,230,823
PPK PPK Group Limited 1.41 -13% 327,225 $144,648,655
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