Good morning everyone, and welcome to the last day of the first week of the seventh month of the year.
On Stockhead today, pretty much everyone’s hoping for a Friday recovery, after the markets spent the past couple of days making a lot look pretty glum, and there’s a bumper crop of Interesting Things to get your investment juice oozing.
Josh Chiat’s got an update on just how shiny the future of gold is, according to the World Gold Council, whose job it is to make sure everyone thinks that the future of gold is very shiny.
Emma Davies has this excellent piece on a couple of Aussie companies with some sweet, sweet US Defence deals, and Stockhead’s resident expert on everything oily and gassy, Bevis Yeo, asks the question “Is Japan’s seeming disfavour towards Australian LNG really that bad?”
Helpfully, he’s answered it, too – which is either good news for us, or he’s talking to himself again. We’ll let you be the judge.
But first, to the day ahead.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1910.43 (-0.36%)
Silver: $US22.71 (-1.69%)
Nickel (3mth): $US21,160/t (-0.22%)
Copper (3mth): $US8,277/t (-0.50%)
Oil (WTI): $US71.86 (+0.10%)
Oil (Brent): $US76.48 (-0.22%)
Iron 62pc Fe: $US112.27/t (+0.38%)
AUD/USD: 0.6626 (+0.0%)
Bitcoin: $US30,196 (-0.76%)
YESTERDAY’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 |
|---|---|---|---|---|---|
| PEB | Pacific Edge | 0.1825 | 110% | 3,392,495 | $70,501,774 |
| XTC | Xantippe Res Ltd | 0.002 | 100% | 11,236,296 | $11,480,100 |
| RGS | Regeneus Ltd | 0.017 | 89% | 925,913 | $2,757,932 |
| ALM | Alma Metals Ltd | 0.015 | 50% | 6,521,970 | $11,040,008 |
| TTM | Titan Minerals | 0.071 | 34% | 3,780,994 | $74,797,479 |
| DDT | DataDot Technology | 0.004 | 33% | 1,064,210 | $3,632,858 |
| ELE | Elmore Ltd | 0.008 | 33% | 3,437,000 | $8,396,303 |
| GED | Golden Deeps | 0.008 | 33% | 55,063,573 | $6,931,360 |
| LNU | Linius Tech Limited | 0.004 | 33% | 62,502 | $11,296,372 |
| TMB | Tambourah Metals | 0.145 | 32% | 1,269,050 | $4,531,186 |
| CRR | Critical Resources | 0.054 | 29% | 119,821,289 | $66,979,705 |
| JPR | Jupiter Energy | 0.023 | 28% | 16,376 | $22,137,302 |
| SBM | St Barbara Limited | 0.305 | 25% | 30,110,515 | $199,363,622 |
| R8R | Regener8 Resources NL | 0.2 | 25% | 157,982 | $4,105,000 |
| AVW | Avira Resources Ltd | 0.0025 | 25% | 219,333 | $4,267,580 |
| CCO | The Calmer Co Int | 0.0025 | 25% | 2,850,000 | $889,555 |
| ROO | Roots Sustainable | 0.005 | 25% | 121,066 | $554,889 |
| WFL | Wellfully Limited | 0.005 | 25% | 100,000 | $1,971,777 |
| 1MC | Morella Corporation | 0.0085 | 21% | 24,120,527 | $42,690,063 |
| EPM | Eclipse Metals | 0.017 | 21% | 2,344,331 | $28,392,837 |
| LCL | LCL Resources Ltd | 0.04 | 21% | 7,364,080 | $26,212,047 |
| AUZ | Australian Mines Ltd | 0.042 | 20% | 22,475,277 | $22,300,450 |
| GCM | Green Critical Min | 0.018 | 20% | 33,332,985 | $14,797,179 |
| OLI | Oliver'S Real Food | 0.018 | 20% | 139,982 | $6,610,979 |
| MVP | Medical Developments | 1.14 | 20% | 454,153 | $81,989,916 |
Pacific Edge (ASX:PEB): +101% > This local cancer diagnostics company is on a comeback-trail tear today partly thanks to two other companies, Novitas and First Coast granting a stay of execution on US Medicare’s local Coverage Determination – a policy that would have had a terminal effect on an important PEB product – the genomic biomarker Cxbladder test for bladder cancer. What happens next? Not exactly sure, but it’s good news right now, at least.
Regeneus (ASX:RGS): +67% > This local health tech stock was up for absolutely no reason that we could figure out earlier in the day, or now. And, as it turns out, the company has no clue why, either, stating “The Company has no explanation as to why there has been a price and volume change in the trading of the Company’s securities” after a raised eyebrow from the ASX.
The Calmer Co International (ASX:CCO): +50%… also on no news of note. But at least we’re seeing some success stories today, no matter how dubiously informed some of those narratives might appear to be at a first or second glance.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Here are the worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MHI | Merchant House | 0.032 | -36% | 127,258 | 4,713,325 |
| BP8 | BPH Global Ltd | 0.002 | -20% | 21,118 | 3,211,824 |
| MRD | Mount Ridley Mines | 0.002 | -20% | 2,000,000 | 19,462,207 |
| TRT | Todd River Res Ltd | 0.009 | -18% | 3,708,204 | 7,167,023 |
| ACR | Acrux Limited | 0.048 | -17% | 173,068 | 16,714,176 |
| GFN | Gefen Int | 0.005 | -17% | 110,000 | 408,601 |
| MTB | Mount Burgess Mining | 0.005 | -17% | 37,949,677 | 5,299,027 |
| RXL | Rox Resources | 0.275 | -17% | 1,558,499 | 74,036,906 |
| A8G | Australasian Metals | 0.12 | -14% | 18,500 | 7,296,869 |
| AJQ | Armour Energy Ltd | 0.003 | -14% | 877,840 | 17,224,697 |
| FG1 | Flynngold | 0.055 | -14% | 204,200 | 8,697,327 |
| PRX | Prodigy Gold NL | 0.007 | -13% | 571,165 | 14,008,863 |
| WYX | Western Yilgarn NL | 0.12 | -11% | 177,327 | 6,703,763 |
| LER | Leaf Res Ltd | 0.016 | -11% | 687,798 | 37,116,700 |
| AT1 | Atomo Diagnostics | 0.053 | -10% | 3,451,395 | 33,682,568 |
| IMI | Infinity Mining | 0.135 | -10% | 1,216 | 11,471,748 |
| PGY | Pilot Energy Ltd | 0.018 | -10% | 9,928,364 | 19,518,553 |
| RDN | Raiden Resources Ltd | 0.009 | -10% | 3,620,223 | 20,552,689 |
| ZEU | Zeus Resources Ltd | 0.036 | -10% | 1,328,770 | 18,191,240 |
| FNX | Finexia Financial Group | 0.23 | -10% | 32,000 | 12,231,222 |
| MAG | Magmatic Resrce Ltd | 0.083 | -10% | 60,390 | 28,123,737 |
| MHC | Manhattan Corp Ltd | 0.01 | -9% | 12,704,480 | 32,299,066 |
| PRM | Prominence Energy | 0.02 | -9% | 157,665 | 2,667,079 |
| TOE | Toro Energy Limited | 0.01 | -9% | 89,024 | 47,947,764 |
TRADING HALTS
Lumos Diagnostics (ASX:LDX) – Capital raising.
Krakatoa Resources (ASX:KTA) – Capital raising.