Someone took a long time to take this photo. I don't know what it means, but fair effort. Via Getty
Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, M stands for Manganese, who’s sharing the love for Canadium lithium, and we’ve got a gut feeling about Microba.
But first, to the day ahead.
TRADING HALTS
These companies went into trading halts on Friday and are due out in the coming days:
Element 25 (ASX:E25) – Capital raise
Top Shelf International Holdings (ASX:TSI) – Capital raise
Sprintex (ASX:SIX) – Capital raise
Astral Resources (ASX:AAR) – Pending a court application in relation to its “inadvertent failure” to lodge a cleansing notice relating to its issue of shares on May 9, 2023
Harvest Technology Group (ASX:HTG) – Capital raise
Titanium Sands (ASX:TSL) – Capital raise
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%)
WHAT GOT YOU TALKING?
Who’s on the US Critical Minerals Good Boys and Girls list?
Which ASX stocks have the critical minerals the US Department of Defense needs? https://t.co/RKKARczDZR
— Stockhead (@StockheadAU) July 6, 2023
FRIDAY’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 |
|---|---|---|---|---|---|
| GED | Golden Deeps | 0.011 | 57% | 123,607,782 | $8,086,587 |
| TMB | Tambourah Metals | 0.225 | 55% | 4,731,977 | $5,972,927 |
| GMN | Gold Mountain Ltd | 0.013 | 44% | 49,060,975 | $17,729,394 |
| ARV | Artemis Resources | 0.02 | 43% | 21,827,668 | $21,978,857 |
| SIT | Site Group Int Ltd | 0.004 | 33% | 250,000 | $7,807,471 |
| WYX | Western Yilgarn NL | 0.16 | 33% | 421,346 | $5,958,900 |
| AYT | Austin Metals Ltd | 0.009 | 29% | 1,392,218 | $7,111,123 |
| NET | Netlinkz Limited | 0.01 | 25% | 2,348,623 | $28,244,227 |
| XTC | Xantippe Res Ltd | 0.0025 | 25% | 3,488,425 | $22,960,199 |
| PET | Phoslock Env Tec Ltd | 0.021 | 24% | 3,332,313 | $10,614,639 |
| 1AD | Adalta Limited | 0.037 | 23% | 5,401,117 | $11,000,386 |
| SNG | Siren Gold | 0.1 | 22% | 146,358 | $11,113,089 |
| VMC | Venus Metals Cor Ltd | 0.145 | 22% | 665,938 | $22,535,721 |
| CAV | Carnavale Resources | 0.006 | 20% | 21,579,987 | $13,667,759 |
| NSX | NSX Limited | 0.049 | 20% | 589,892 | $16,441,682 |
| TOY | Toys R Us | 0.013 | 18% | 4,105,157 | $9,493,953 |
| ICL | Iceni Gold | 0.11 | 17% | 625,061 | $19,605,714 |
| AHN | Athena Resources | 0.007 | 17% | 3,275,233 | $6,422,805 |
| AOA | Ausmon Resorces | 0.0035 | 17% | 1,000,000 | $2,907,868 |
| AVM | Advance Metals Ltd | 0.007 | 17% | 410,499 | $3,531,352 |
| CBY | Canterbury Resources | 0.028 | 17% | 209,999 | $3,468,565 |
| M4M | Macro Metals Limited | 0.0035 | 17% | 147,511 | $5,961,233 |
| OAR | OAR Resources Ltd | 0.0035 | 17% | 462,000 | $7,713,114 |
| RIM | Rimfire Pacific | 0.007 | 17% | 1,721,946 | $12,031,468 |
Golden Deeps (ASX:GED) rose 57% after uncovering germanium and gallium at the Nosib vanadium-copper-lead-silver discovery in Namibia, days after major producer China imposed export restrictions on the critical metals used in computer chips and semiconductors.
GED said examination of one drillhole returned hits like 8.70m @ 128g/t Ga, 11.3g/t Ge (1.84% Cu, 1.88% V2O5, 10.2% Pb, 3.6g/t Ag) from surface.
The company said the market price of germanium is currently ~US$2,450/kg and gallium is ~US$230/kg, compared to vanadium (V2O5) at US$16.60/kg, copper at US$8.25/kg and zinc at US$2.41/kg.
Also on the winners list Friday was clinical stage drug maker AdAlta Limited (ASX:1AD) after announcing new data supports the potential efficacy of its AD-214 treatment in humans with Idiopathic Pulmonary Fibrosis (IPF) and other fibrotic diseases.
The new data links CXCR4 receptor occupancy with CXCR4 inhibition to provide direct evidence – suggesting that administration of AD-214 every two weeks could be clinically feasible.
FRIDAY’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 |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.001 | -50% | 3,546,725 | $20,529,010 |
| MRD | Mount Ridley Mines | 0.002 | -33% | 218,400 | $23,354,649 |
| MRQ | Mrg Metals Limited | 0.002 | -33% | 500,032 | $5,957,756 |
| TIG | Tigers Realm Coal | 0.005 | -29% | 304,643 | $91,466,917 |
| FGL | Frugl Group Limited | 0.008 | -27% | 283,557 | $10,516,682 |
| YPB | YPB Group Ltd | 0.003 | -25% | 22,719 | $2,973,846 |
| RGS | Regeneus Ltd | 0.013 | -24% | 6,283,192 | $5,209,428 |
| BDM | Burgundy D Mines Ltd | 0.23 | -23% | 14,450,289 | $424,811,966 |
| AD1 | AD1 Holdings Limited | 0.004 | -20% | 100,029 | $4,112,845 |
| BKG | Booktopia Group | 0.1325 | -20% | 667,037 | $22,664,284 |
| CUS | Copper Search | 0.225 | -20% | 171,216 | $14,782,571 |
| R8R | Regener8 Resources NL | 0.175 | -17% | 24,152 | $5,387,813 |
| CCO | The Calmer Co Int | 0.0025 | -17% | 162,263 | $1,692,233 |
| CPT | Cipherpoint Limited | 0.005 | -17% | 714 | $6,955,450 |
| OAU | Ora Gold Limited | 0.005 | -17% | 46,713,005 | $23,621,551 |
| TAR | Taruga Minerals | 0.011 | -15% | 2,512,323 | $9,178,348 |
| AIS | Aeris Resources Ltd | 0.415 | -15% | 14,599,079 | $338,563,342 |
| AVC | Auctus Invest Grp | 0.755 | -15% | 20,000 | $66,922,265 |
| BUR | Burley Minerals | 0.175 | -15% | 77,557 | $15,297,060 |
| ADS | Adslot Ltd | 0.003 | -14% | 65,351 | $11,433,159 |
| EDE | Eden Inv Ltd | 0.003 | -14% | 1,161,950 | $10,489,305 |
| BFC | Beston Global Ltd | 0.0095 | -14% | 3,791,908 | $21,967,516 |
| MKR | Manuka Resources | 0.057 | -14% | 578,870 | $35,697,424 |
| EMP | Emperor Energy Ltd | 0.013 | -13% | 249,340 | $4,032,937 |
| ARL | Ardea Resources Ltd | 0.62 | -13% | 1,118,507 | $122,904,762 |
Ora Gold (ASX:OAU) is on the loser list after announcing it was raising $3 million at 4 cents/share, a 33% discount the last traded price.
The explorer said there was strong demand for the placement “following recent exceptional exploration results from the Crown Prince Prospect at the Garden Gully Gold Project”.
