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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, WA’s Pilbara region is the national mineral marvel which just keeps on giving.
Now the treasure hunt has turned to lithium and the whacky races are already off and running, according to Stockhead’s extraordinary Emma Davies.
Needless to say Twiggy’s involved, but since Wildcat Resources (ASX:WC8) got broke the seal at its recently acquired Tabba Tabba project, there’s been a cavalcade of early movers.
It’s time to meet some of the Pilbara’s newest lithium prospectors.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Thursday and are expected out in the coming days:
Toys’R’Us ANZ (ASX:TOY) – Capital raising.
Abacus Property Group (ASX:ABP) – Equity raising.
Barton Gold Holdings (ASX:BGD) – Capital raising.
Suvo Strategic Minerals (ASX:SUV) – Capital raising.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1957.15 (+0.75%)
Silver: $US23.87 (-0.2%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US70.66(+3.5%)
Oil (Brent): $US75.53 (+3.2%)
Iron 62pc Fe: $US114.50/t (+0.44%)
AUD/USD: 0.6887 (+1.36%)
Bitcoin: $US25,380 (-1.53%)
WHAT GOT YOU TALKING?
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.
THURSDAY’S 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 |
|---|---|---|---|---|---|
| GRE | Greentechmetals | 0.34 | 224% | 23,144,884 | $4,400,507 |
| AHN | Athena Resources | 0.007 | 75% | 56,010,445 | $4,281,870 |
| INP | Incentiapay Ltd | 0.014 | 75% | 1,811,275 | $10,120,509 |
| MTL | Mantle Minerals Ltd | 0.0015 | 50% | 780,643 | $6,147,446 |
| VPR | Volt Power Group | 0.0015 | 50% | 173,722 | $10,716,208 |
| ERW | Errawarra Resources | 0.17 | 48% | 2,708,489 | $6,957,960 |
| SFG | Seafarms Group Ltd | 0.0055 | 38% | 3,877,974 | $19,346,397 |
| C29 | C29Metalslimited | 0.135 | 36% | 617,075 | $4,095,324 |
| AJQ | Armour Energy Ltd | 0.004 | 33% | 343,333 | $14,764,026 |
| MTB | Mount Burgess Mining | 0.002 | 33% | 14,820,050 | $1,324,757 |
| RDN | Raiden Resources Ltd | 0.004 | 33% | 19,273,625 | $6,165,807 |
| NME | Nex Metals Explorat | 0.02 | 33% | 102,293 | $4,182,285 |
| HAW | Hawthorn Resources | 0.13 | 31% | 1,779,542 | $33,166,546 |
| LCY | Legacy Iron Ore | 0.022 | 29% | 22,462,894 | $108,916,045 |
| MQR | Marquee Resource Ltd | 0.059 | 28% | 37,348,337 | $15,051,545 |
| LYK | Lykosmetalslimited | 0.1 | 25% | 730,624 | $4,992,000 |
| AYT | Austin Metals Ltd | 0.005 | 25% | 1,678,571 | $4,063,499 |
| EMU | EMU NL | 0.0025 | 25% | 586,260 | $2,900,043 |
| ENT | Enterprise Metals | 0.005 | 25% | 300,108 | $2,820,323 |
| GGX | Gas2Grid Limited | 0.0025 | 25% | 1,000,000 | $8,154,204 |
| NTM | Nt Minerals Limited | 0.01 | 25% | 953,241 | $6,405,591 |
| PRMDG | Deferred Settlement | 0.02 | 25% | 61,620 | $1,939,687 |
| YPB | YPB Group Ltd | 0.0025 | 25% | 4,575,152 | $1,238,498 |
| ABE | Ausbondexchange | 0.1975 | 23% | 6,110 | $6,200,496 |
| GTI | Gratifii | 0.016 | 23% | 4,834,120 | $14,275,660 |
Greentech Metals (ASX:GRE) had a day to remember, gaining 257% by midday after rock chip sampling at the Ruth Well Project in the Pilbara confirmed ‘multiple lithium bearing pegmatites.’
The rock chip assays are coming back sporting grades up to 1.65% from a pegmatite bearing zone about 200m wide and traced for 6km strike, and the company says the zone remains open in all directions.
Another 40 recon samples have since been dispatched to the lab, and results from those are due back anon – and while as we waited, GRE eased back a bit and had to settle for a mere +223% gain by day’s end.
In second place is Incentiapay (ASX:INP), which gained 75% in the morning, on a rebound after being sold off heavily on Tuesday – but there’s no apparent reason for the movement in either direction, as the company hasn’t said boo to the market since late May.
No 2 with a bullet is Gregor’s pick for semi-sleeper stock of the week, Errawarra Resources (ASX:ERW), which has been hovering around the Small Caps winner’s circle for a few days now, on no particular news.
The company did offer an exploration update this morning from its Andover West lithium project in Western Australia’s Pilbara region – which didn’t really say much more than “we’re still looking around, but things feel positive” – so it’s likely to be lithium hype-driven, with a spot of “aren’t the neighbours doing well!” thrown in for good measure behind today’s solid gains.
And Marquee Resources (ASX:MQR) rose 32.5% on Thursday, continuing to capitalise on its recent announcement that it and MinRes (ASX:MIN) are pushing to accelerate a lithium-only farm-in agreement at MQR’s West Spargoville project.
THURSDAY’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 |
|---|---|---|---|---|---|
| BP8 | Bph Global Ltd | 0.002 | -33% | 33,025 | $3,854,189 |
| CLE | Cyclone Metals | 0.001 | -33% | 1,516,215 | $15,396,757 |
| IPX | Iperionx Limited | 1.08 | -33% | 1,601,161 | $308,975,353 |
| AXP | AXP Energy Ltd | 0.0015 | -25% | 3,500,000 | $11,649,361 |
| BMG | BMG Resources Ltd | 0.012 | -25% | 18,580,353 | $9,236,721 |
| DDT | DataDot Technology | 0.003 | -25% | 130,108 | $4,843,811 |
| MTH | Mithril Resources | 0.0015 | -25% | 13,000 | $6,737,609 |
| PYR | Payright Limited | 0.003 | -25% | 547,799 | $3,523,541 |
| AHI | Advanced Health | 0.16 | -20% | 2,038,672 | $39,440,794 |
| AQN | Aquirianlimited | 0.16 | -20% | 50,000 | $16,112,355 |
| AVW | Avira Resources Ltd | 0.002 | -20% | 363,595 | $5,334,475 |
| THR | Thor Energy PLC | 0.004 | -20% | 1,274,591 | $7,300,064 |
| VAL | Valor Resources Ltd | 0.004 | -20% | 8,308,776 | $19,015,174 |
| DGL | DGL Group Limited | 0.9575 | -17% | 2,975,415 | $330,496,998 |
| MXC | Mgc Pharmaceuticals | 0.005 | -17% | 2,591,834 | $20,098,158 |
| NAE | New Age Exploration | 0.005 | -17% | 646,705 | $8,615,393 |
| NET | Netlinkz Limited | 0.01 | -17% | 22,426,404 | $42,279,007 |
| PRS | Prospech Limited | 0.033 | -15% | 10,675,978 | $8,512,832 |
| ADD | Adavale Resource Ltd | 0.029 | -15% | 6,278,265 | $17,664,462 |
| NUC | Nuchev Limited | 0.205 | -15% | 6,923 | $12,422,578 |
| AD1 | AD1 Holdings Limited | 0.006 | -14% | 8,178 | $5,757,983 |
| SRY | Story-I Limited | 0.006 | -14% | 415,835 | $2,634,834 |
| NGL | Nightingale Intel | 0.061 | -14% | 565,991 | $7,040,849 |
| MPR | Mpower Group Limited | 0.019 | -14% | 94,118 | $6,461,472 |
| DVL | Dorsavi Ltd | 0.013 | -13% | 10,000 | $8,298,164 |
Read MoreLithium Stocks
