Via Getty
Rise and Shine: Everything you need to know before the ASX opens
News
share
On Stockhead today, Canuck M&A goes straight to the top, ASX caps with the highest profit margins, and a fireside chat with Mali gold monster Toubani.
But first, to the day ahead.
TRADING HALTS
These companies went into trading halts on Monday and are due out in the coming days:
Patriot Battery Metals (ASX:PMT) – Results from the winter 2023 drilling program at the Corvette Property, and a response to an AFR article from 09 July, and a response to an activist short-selling report.
HeraMED (ASX:HMD) – Capital raising.
Lindian Resources (ASX:LIN) – Capital raising.
Tivan (ASX:TVN) – Capital raising.
AuKing Mining (ASX:AKN) – Halted on request for more information from this morning’s announcement entitled “Promising initial XRF analysis from Itigi Uranium Project drilling”.
PharmAust (ASX:PAA) – Announcement of urinary biomarker results from its Motor Neurone Disease Phase 1/2 Clinical Trial.
Summit Minerals (ASX:SUM) – Project acquisition and a capital raising.
IRIS Metals (ASX:IR1) – Update on exploration results in respect of its Beecher Project.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1925.25 (+1.01%)
Silver: $US23.12 (+0.31%)
Nickel (3mth): $US21,160/t (-0.22%)
Copper (3mth): $US8,277/t (-0.50%)
Oil (WTI): $US73.15 (-0.96%)
Oil (Brent): $US77.79 (-0.87%)
Iron 62pc Fe: $US109.21/t (-1.2%)
AUD/USD: 0.6626 (+0.0%)
Bitcoin: $US30,282.63 (+0.60%)
WHAT GOT YOU TALKING?
DevEx’s metallurgical testing has found that the clay-hosted rare earths mineralisation at its Kennedy project in Queensland are indeed of the much sought after ionic adsorption type. https://t.co/ekIdKrjQw2 #ad #ASX @DevExResources
— Stockhead (@StockheadAU) July 10, 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 |
|---|---|---|---|---|---|
| MOB | Mobilicom Ltd | 0.02 | 150% | 62,002,069 | $10,613,414 |
| WWI | West Wits Mining Ltd | 0.02 | 67% | 21,398,167 | $26,916,207 |
| CCE | Carnegie Cln Energy | 0.0015 | 50% | 3,003,978 | $15,642,574 |
| CHK | Cohiba Min Ltd | 0.004 | 33% | 14,773,835 | $6,339,733 |
| KEY | KEY Petroleum | 0.002 | 33% | 14,006,685 | $2,951,892 |
| TYM | Tymlez Group | 0.004 | 33% | 37,500 | $3,276,586 |
| RB6 | Rubixresources | 0.25 | 32% | 1,339,896 | $7,989,500 |
| MP1 | Megaport Limited | 8.83 | 31% | 4,897,420 | $1,066,346,669 |
| BXN | Bioxyne Ltd | 0.021 | 31% | 262,696 | $30,426,326 |
| FRB | Firebird Metals | 0.12 | 29% | 123,949 | $6,795,975 |
| SGC | Sacgasco Ltd | 0.009 | 29% | 1,284,724 | $4,310,067 |
| GMN | Gold Mountain Ltd | 0.014 | 27% | 38,308,354 | $21,669,259 |
| 8CO | 8Common Limited | 0.095 | 27% | 191,695 | $16,807,118 |
| AD1 | AD1 Holdings Limited | 0.005 | 25% | 143,596 | $3,290,276 |
| AVW | Avira Resources Ltd | 0.0025 | 25% | 1,722,528 | $4,267,580 |
| FGL | Frugl Group Limited | 0.01 | 25% | 1,002,015 | $7,648,496 |
| GTG | Genetic Technologies | 0.0025 | 25% | 3,464,847 | $23,083,316 |
| MRD | Mount Ridley Mines | 0.0025 | 25% | 2,787,166 | $15,569,766 |
| NZS | New Zealand Coastal | 0.0025 | 25% | 33,333 | $3,308,020 |
| OPL | Opyl Limited | 0.053 | 23% | 791,929 | $3,754,548 |
| EMP | Emperor Energy Ltd | 0.017 | 21% | 160,150 | $3,764,075 |
| IBX | Imagion Biosys Ltd | 0.023 | 21% | 6,526,660 | $22,185,650 |
| 1AG | Alterra Limited | 0.012 | 20% | 80,406 | $6,965,525 |
| KRR | King River Resources | 0.012 | 20% | 3,965,635 | $15,535,249 |
| SIS | Simble Solutions | 0.006 | 20% | 2,325,460 | $3,014,754 |
The clear standout Small Caps winner was Heavy Minerals (ASX:HVY), which jumped 200% at the open on news of an updated JORC Mineral Resource from its Port Gregory garnet project.
Heavy Minerals is reporting that it’s sitting on 5.9Mt of contained garnet, with 5.4Mt of that in the Measured and Indicated JORC category, a 23% increase on previously released figures.
Heavy Minerals says that’s enough garnet to feed the planet’s current requirements for about five years.
Up 90%.
Australasian Metals (ASX:A8G) climbed into second place, on news of high grade titanium in rock chip samples from the company’s May Queen South bauxite project in central Queensland.
A8G is reporting that the geological fertility of the project for bauxite and titanium was confirmed by the identification of several high grade surface samples with TiO2 of between 3.36 % to 17.55%.
Investors seemed to like that news, and it’s trading 42.8% higher as a result.
And in third place, Alexium International (ASX:AJX), up 38.5% today after dropping a quarterly results announcement showing that sales for the quarter at US$2.0m were up US$0.2m versus prior quarter ending the year at US$7.2m, despite the continuance of soft market conditions.
The company also says that cash receipts for the period were US$1.9m with revenue of US$1.8m, down US$0.1m from the previous quarter.
TODAY’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 |
|---|---|---|---|---|---|
| GRE | Greentechmetals | 0.43 | -28% | 8,414,472 | $33,674,355 |
| AJQ | Armour Energy Ltd | 0.003 | -25% | 3,654,031 | $19,685,368 |
| AUH | Austchina Holdings | 0.003 | -25% | 4,434,593 | $8,311,535 |
| SIT | Site Group Int Ltd | 0.003 | -25% | 10,001,402 | $10,409,961 |
| TYM | Tymlez Group | 0.003 | -25% | 251,711 | $4,368,781 |
| ONE | Oneview Healthcare | 0.18 | -23% | 483,724 | $125,364,785 |
| GSM | Golden State Mining | 0.033 | -21% | 4,259,967 | $6,059,097 |
| AQXDB | Alice Queen Ltd | 0.016 | -20% | 80,100 | $2,530,288 |
| BXN | Bioxyne Ltd | 0.016 | -20% | 24,620 | $38,032,908 |
| KNM | Kneomedia Limited | 0.004 | -20% | 265,925 | $7,523,927 |
| MTB | Mount Burgess Mining | 0.004 | -20% | 5,160,343 | $4,415,856 |
| ROO | Roots Sustainable | 0.004 | -20% | 100,841 | $693,611 |
| AVE | Avecho Biotech Ltd | 0.005 | -17% | 4,569,938 | $12,972,982 |
| HNR | Hannans Ltd | 0.01 | -17% | 4,200,697 | $32,695,258 |
| SIS | Simble Solutions | 0.005 | -17% | 2,449,730 | $3,617,704 |
| SRY | Story-I Limited | 0.005 | -17% | 4,034,910 | $2,258,429 |
| SHG | Singular Health | 0.037 | -16% | 563,951 | $5,897,652 |
| ICR | Intelicare Holdings | 0.011 | -15% | 471,176 | $2,715,900 |
| KTA | Krakatoa Resources | 0.035 | -15% | 13,326,725 | $14,898,440 |
| NOX | Noxopharm Limited | 0.036 | -14% | 1,718,760 | $12,273,994 |
| NES | Nelson Resources. | 0.006 | -14% | 25,019 | $4,295,160 |
| OAR | OAR Resources Ltd | 0.003 | -14% | 1,344,498 | $8,998,633 |
| LDX | Lumos Diagnostics | 0.074 | -14% | 41,988,443 | $29,319,127 |
| WYX | Western Yilgarn NL | 0.16 | -14% | 304,942 | $9,186,638 |
| NXD | Nexted Group Limited | 1.25 | -13% | 1,336,777 | $316,999,437 |
