On Stockhead today, Welcome back from the dude’s birthday holiday. What a nice dude.

Uranium equities both in Australia and Canada (with a few exceptions) remain depressed despite uranium’s strong performance this year. Yellowest of cakes continues to move against the trend with the spot price closing last week up almost 3% to US$57.25/lb.

Guy, is on the yellow rocks this week – and there’s undervalued ASX plays ready to go nuclear.

But first, the day ahead.

 

TRADING HALTS

The following stocks went into trading halts Friday and are expected out in the coming days:
Avenira (ASX:AEV) – Pending announcement on a land access agreement in the Northern Territory

IXUP (ASX:IXU) – Pending update on acquisition of Betstop National Self-Exclusion Register Contract and convertible note capital raising

Navarre Minerals (ASX:NML) – Update on company’s financial arrangements

Alvo Minerals (ASX:ALV) – Capital raise

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1955.25 (-0.25%)

Silver: $US23.970 (-1.12%)

Nickel (3mth): $US24,025/t (+2.02%)

Copper (3mth): $US9002.50/t (+0.27%)

Oil (WTI): $US67.80(-3.41%)

Oil (Brent): $US72.63 (+2.9%)

Iron 62pc Fe: $US106.50/t (+3.9%)

AUD/USD: 0.67470 (+0.13%)

Bitcoin: $US25,842 (-0.71%)

 

WHAT GOT YOU TALKING OVER THE LONG WEEKEND?

Cheque mate.

The baddest man, in the baddest land.

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.

 

FRIDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks on Friday:

Swipe or scroll to reveal full table. Click headings to sort:

Wordpress Table Plugin

 

Limeade (ASX:LME) surged more than 300% on nit will be acquired by US-based WebMD Health Services, part of WebMD Health Corp for an all cash deal valuing the employee wellbeing company at ~$112 million.

WebMD will acquire 100% of the shares/CDIs for cash of $0.425 per share/CDI. The offer price represents a 325% premium to the last traded price of Limeade and a 217% premium to the 30-day volume-weighted average price (VWAP) to June 7, 2023.

The offer price implies a fully diluted market capitalisation for Limeade of ~$111.5 million and an enterprise value of ~$112 million.

Marquee Resources (ASX:MQR) up strongly, after announcing it will accelerate the farm-in agreement over the lithium-only rights at MQR’s West Spargoville Project (WSP) with the $13.5 bn capped miner MinRes (ASX:MIN).

WSP is in the Southern Yilgarn of WA, which also hosts the 26Mt Bald Hill mine, MIN’s own 71Mt Mt Marion mine, Liontown Resources’ (ASX:LTR) 15Mt Buldania project and Essential Metals’ (ASX:ESS) 11.2Mt Pioneer Dome project.

As Stockhead’s Reuben Blocker Adams’ reported MIN recently built a blocking stake in ESS to prevent the tiddler from being acquired by IGO (ASX:IGO) and its partner in arms, China’s Tianqi.

Chris Ellison’s firm has now acquired an initial 25% interest in the lithium rights at WSP by funding ~$4.8m on exploration in less than 12 months.

 

FRIDAY’S ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks: 

Swipe or scroll to reveal full table. Click headings to sort:

Wordpress Table Plugin

Read MoreUranium

Featured Companies

You might be interested in