Rise and Shine: Everything you need to know before the ASX opens
Via Getty
On Stockhead today, will the Fourth Coming of helium be the big bang, Cannacord’s thoughts on lithium right now, and all the big moves in renewables last week.
But first, to the day ahead.
TRADING HALTS
These companies went into trading halts on Friday and are due out in the coming days:
Ark Mines (ASX:AHK) – Share placement
Minbos Resources (ASX:MNB) – Offtake agreement
Antisense Therapeutics (ASX:ANP) – Capital raise
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1931.38 (+0.33%)
Silver: $US23.11 (+0.00%)
Nickel (3mth): $US20,675/t (-1.61%)
Copper (3mth): $US8,337.50/t (-0.42%)
Oil (WTI): $US74.82 (+2.5%)
Oil (Brent): $US79.32 (+2.1%)
Iron 62pc Fe: $US109.34/t (+0.12%)
AUD/USD: 0.6686 (+0.0%)
Bitcoin: $US30,525 (-0.60%)
WHAT GOT YOU TALKING?
The Uncanny Incannex…
Incannex has received the green light to start the Phase 2 clinical trial of IHL-675A, a combination drug that combines a specific proprietary formulation of CBD and another long standing prescription drug for rheumatoid arthritis.https://t.co/RszXLomyza #ad #ASX $IHL @ASX_IHL
— Stockhead (@StockheadAU) July 14, 2023
We’re High-obium for Niobium…
– Niobium has far more uses than its traditional role in high-strength, low-alloy steel (HLSA)
– The metal has been gaining popularity for its ability to cut charging times and fire risks in lithium-ion batteries for EVs https://t.co/PvnHJZ9N9M @OlympioMetals @ReachResources_
— Stockhead (@StockheadAU) July 14, 2023
You Winsome in Canada…
• @WinsomeRes Adina Main deposit could host resources of 40Mt at 1.2%: Canccord
• Canaccord has given $WR1 an initial target price of $3.55/sh
• Today’s #ASX #lithium updates from $SUH $LEL $FBM $L1M $MM1 $GL1 $SUM $EMC— Stockhead (@StockheadAU) July 13, 2023
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:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| 1CG | One Click Group Ltd | 0.016 | 78% | 77,974,547 | $5,526,638 |
| CCE | Carnegie Cln Energy | 0.0015 | 50% | 2,254,486 | $15,642,574 |
| CCO | The Calmer Co Int | 0.003 | 50% | 1,661,847 | $1,128,155 |
| YPB | YPB Group Ltd | 0.004 | 33% | 1,000,000 | $2,230,384 |
| 3DA | Amaero International | 0.145 | 32% | 928,120 | $45,852,973 |
| CUF | Cufe Ltd | 0.018 | 29% | 2,265,656 | $13,525,573 |
| DMG | Dragon Mountain Gold | 0.009 | 29% | 386,210 | $2,762,702 |
| ELE | Elmore Ltd | 0.009 | 29% | 5,550,247 | $9,795,687 |
| EQS | Equity Story Group | 0.05 | 25% | 65,000 | $1,624,592 |
| NOU | Noumi Limited | 0.125 | 25% | 233,132 | $27,710,932 |
| RMX | Red Mount Min Ltd | 0.005 | 25% | 5,843,805 | $9,087,404 |
| DTC | Damstra Holdings | 0.135 | 23% | 1,056,399 | $28,346,603 |
| MVP | Medical Developments | 1.4875 | 22% | 416,885 | $104,860,788 |
| GRX | Greenx Metals Ltd | 1.07 | 22% | 121,315 | $235,553,506 |
| ICI | Icandy Interactive | 0.052 | 21% | 2,260,882 | $57,714,844 |
| PNM | Pacific Nickel Mines | 0.072 | 20% | 63,948 | $24,564,960 |
| PAB | Patrys Limited | 0.012 | 20% | 3,028,761 | $20,572,684 |
| TIG | Tigers Realm Coal | 0.006 | 20% | 97,459 | $65,333,512 |
| VKA | Viking Mines Ltd | 0.012 | 20% | 1,663,998 | $10,252,584 |
| VRC | Volt Resources Ltd | 0.012 | 20% | 13,633,510 | $39,394,239 |
| TMB | Tambourah Metals | 0.215 | 19% | 355,314 | $7,608,457 |
| COB | Cobalt Blue Ltd | 0.465 | 19% | 2,754,452 | $144,322,437 |
| MDI | Middle Island Res | 0.025 | 19% | 3,617,579 | $2,570,783 |
| GWR | GWR Group Ltd | 0.096 | 19% | 272,816 | $26,018,549 |
| KED | Keypath Education | 0.505 | 17% | 13,411 | $92,007,585 |
| NEU | Neuren Pharmaceuticals | 13.64 | 17% | 1,749,959 | $1,473,224,469 |
Amaero International (ASX:3DA) reported ‘financial, operational and strategic advantages’ led the company to select Tennessee in the US over the UAE for its titanium powder manufacturing facility.
3DA has signed a lease to be the sole tenant in 12,100sqm manufacturing facility in Cleveland.
The company said the State of Tennessee acted decisively to coordinate and to commit economic incentives from multiple stakeholders to attract the relocation of its flagship facility, along with 3DA’s research & development and corporate headquarters.
Furthermore the lease payments will be ~75% less than the proposed build-to-suit facility at KEZAD in the UAE. 3AD said as a direct result, it expects to accelerate breakeven operations by 12 months and to reduce working capital needs by $22 million.
The graphite producer and natural graphite anode developer Volt Resources (ASX:VRC) climbed 20% after reporting that it is making progress on a stage one feasibility study update for its Bunyu Graphite Project in Tanzania and is expecting positive outcomes and robust economics.
While the company had initially projected an earlier completion date, it now anticipates releasing the updated feasibility study in early August 2023.
Volt has collaborated with Perth-based GR Engineering Services Limited (GRES), which has reviewed and coordinated the compilation of updated capital and operating cost estimates for Stage 1 of the project. Things are looking good, dates are and costs are in brisk retreat, Volt says.
FRIDAY’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 |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.0015 | -25% | 2468463 | $20,529,010 |
| DXN | DXN Limited | 0.0015 | -25% | 1500000 | $3,442,630 |
| TSL | Titanium Sands Ltd | 0.006 | -25% | 785913 | $11,251,183 |
| AWJ | Auric Mining | 0.043 | -23% | 506274 | $7,328,137 |
| FFT | Future First Tech | 0.007 | -22% | 8255660 | $6,433,529 |
| LSR | Lodestar Minerals | 0.004 | -20% | 1170498 | $9,216,987 |
| MRD | Mount Ridley Mines | 0.002 | -20% | 44000 | $19,462,207 |
| SRY | Story-I Limited | 0.004 | -20% | 6546690 | $1,882,024 |
| WFL | Wellfully Limited | 0.004 | -20% | 1681044 | $2,464,721 |
| GMN | Gold Mountain Ltd | 0.0105 | -19% | 33192087 | $25,609,124 |
| HAL | Halo Technologies | 0.105 | -19% | 53789 | $16,834,378 |
| LYK | Lykosmetalslimited | 0.08 | -19% | 49883 | $6,177,600 |
| AN1 | Anagenics Limited | 0.015 | -17% | 336776 | $6,581,159 |
| 1ST | 1st Group Ltd | 0.005 | -17% | 6500 | $8,501,947 |
| IEC | Intra Energy Corp | 0.005 | -17% | 7105373 | $4,234,690 |
| NES | Nelson Resources. | 0.005 | -17% | 96914 | $3,681,566 |
| RML | Resolution Minerals | 0.005 | -17% | 78963 | $7,543,751 |
| 1AG | Alterra Limited | 0.011 | -15% | 6000 | $9,055,183 |
| LNU | Linius Tech Limited | 0.003 | -14% | 49252 | $13,260,767 |
| RIM | Rimfire Pacific | 0.006 | -14% | 900980 | $14,036,713 |
| BCA | Black Canyon Limited | 0.16 | -14% | 100000 | $9,567,424 |
| CWX | Carawine Resources | 0.13 | -13% | 16000 | $29,522,620 |
| 1AD | Adalta Limited | 0.026 | -13% | 5101920 | $13,245,789 |
| IBX | Imagion Biosys Ltd | 0.02 | -13% | 56312401 | $26,856,313 |
| KZA | Kazia Therapeutics | 0.135 | -13% | 242461 | $35,344,513 |
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