"Well... if that's not you farting, Rob, then I've definitely sprung a leak." Pic via Getty Images
Rise and Shine: Everything you need to know before the ASX opens
News
share
Good morning everyone, and if you’re sensing there’s a touch of TGIF in the air this morning, I can assure you that you’re by no means alone. Local markets missed the mark a little yesterday, squeaking out a blink-and-you’ll-miss it +0.018% rise, despite a healthy burst of pace in the morning that was as glorious as it was short-lived.
But… panic not, because in a few short hours, that bell’s set to ring again and we’ll all get another stab at putting some decent runs on the board – and to help you prep your head for the day, we’ve got a few ripping yarns to sink your teeth into.
For starters, Jess Cummins has a some great news for anyone who is – prematurely, it seems – mourning the passing of cobalt as a source of excitement in their lives.
The always busy but just as amazing Josh Chiat asks the question of whether this is the year that Australia’s mid-tier goldies find the wings and start really flying.
Eddy Sunarto’s had a word with the CEO of Lumos (ASX:LDX) on the company’s Lazarus-like rise from an harsh, early grave and the unstoppable fountain of gas that is Bevis Yeo has donned the breathing apparatus once more to bring us all the good news about the most valuable stuff that you can’t actually see.
Plus, of course, there’s all the digits and details below, to get your mind in top gear and your moneymaker mojo moving for the day.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1969.36 (-0.40%)
Silver: $US24.75 (-1.74%)
Nickel (3mth): $US21,320/t (+1.98%)
Copper (3mth): $US8457.50/t (+0.34%)
Oil (WTI): $US75.74 (+0.64%)
Oil (Brent): $US79.68 (+0.36%)
Iron 62pc Fe: $US112.43/t (+0.31%)
AUD/USD: 0.6781 (+0.3%)
Bitcoin: $US29,856 (-0.37%)
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 |
|---|---|---|---|---|---|
| AJQ | Armour Energy Ltd | 0.003 | 50% | 24,260,558 | $9,842,684 |
| BVR | Bellavistaresources | 0.2 | 43% | 395,173 | $5,316,151 |
| XRG | Xreality Group Ltd | 0.058 | 41% | 969,908 | $18,300,210 |
| CCO | The Calmer Co Int | 0.0035 | 40% | 18,154,461 | $1,410,194 |
| RML | Resolution Minerals | 0.007 | 40% | 8,288,027 | $6,286,459 |
| NYR | Nyrada Inc. | 0.059 | 37% | 672,965 | $6,708,374 |
| ADR | Adherium Ltd | 0.004 | 33% | 1,266,667 | $14,998,225 |
| GCR | Golden Cross | 0.004 | 33% | 643,627 | $3,291,768 |
| MCT | Metalicity Limited | 0.002 | 33% | 127,925 | $5,604,129 |
| 1CG | One Click Group Ltd | 0.024 | 33% | 74,556,427 | $11,053,276 |
| NXL | Nuix Limited | 1.09 | 33% | 6,520,487 | $263,283,416 |
| AUR | Auris Minerals Ltd | 0.013 | 30% | 2,228,578 | $4,766,260 |
| ODY | Odyssey Gold Ltd | 0.029 | 26% | 335,113 | $17,607,369 |
| MRD | Mount Ridley Mines | 0.0025 | 25% | 1,809,000 | $15,569,766 |
| PKO | Peako Limited | 0.01 | 25% | 1,279,002 | $3,765,852 |
| TMX | Terrain Minerals | 0.006 | 20% | 9,439,194 | $5,415,997 |
| 5GG | Pentanet | 0.097 | 20% | 3,061,510 | $30,271,904 |
| AWJ | Auric Mining | 0.055 | 20% | 381,859 | $6,019,541 |
| GLL | Galilee Energy Ltd | 0.11 | 20% | 351,710 | $31,145,450 |
| ADD | Adavale Resource Ltd | 0.025 | 19% | 11,336,343 | $10,988,472 |
| BXN | Bioxyne Ltd | 0.019 | 19% | 205,000 | $30,426,326 |
| PET | Phoslock Env Tec Ltd | 0.02 | 18% | 841,713 | $10,614,639 |
| AGD | Austral Gold | 0.041 | 17% | 252,980 | $21,430,897 |
| ADV | Ardiden Ltd | 0.007 | 17% | 323,079 | $16,130,012 |
| CAV | Carnavale Resources | 0.007 | 17% | 17,921,350 | $16,401,310 |
Some standouts:
Nuix (ASX:NXL): +33% >As Eddy reported yesterday: “Nuix says its Annualised Contract Value (ACV) for FY23 will be between $184-$186 million, up 15% on pcp. Bottom line statutory EBITDA will be between $32-$35 million, up 164-189% on pcp.”
The software tech company’s shares are essentially surging after it flagged a 51-61 per cent increase in full-year underlying earnings.
Nuix tipped earnings at between $44m and $47m, up on the $29.2m reported in the 2022 financial year. This doesn’t include costs from the firm’s legal tussles, though or the acquisition of Topos Labs. As Eddy noted, statutory earnings are anticipated to land between $32m and $35m.
Nuix ended the financial year with cash on hand of $29.6m and no debt.
Nyrada (ASX:NYR): +37% > The firm, which specialises in developing drugs to combat cardiovascular and neurological diseases, has announced a review of its operating costs and financial plans. Reportedly, as part of the review, the Nyrada board of directors has voluntarily agreed to halve their director fees effective today and until further notice. This will apparently reduce the company’s annualised operating outflows by approximately $0.3 million.
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 |
|---|---|---|---|---|---|
| OPN | Oppenneg | 0.008 | -27% | 2,353,000 | $2,667,830 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 2,245,747 | $31,285,147 |
| CLE | Cyclone Metals | 0.0015 | -25% | 360,268 | $20,529,010 |
| WFL | Wellfully Limited | 0.003 | -25% | 3,055,983 | $1,971,777 |
| CVR | Cavalierresources | 0.12 | -20% | 4,000 | $4,774,337 |
| BP8 | Bph Global Ltd | 0.002 | -20% | 42,173,731 | $3,336,824 |
| GFN | Gefen Int | 0.004 | -20% | 849,414 | $340,501 |
| ETR | Entyr Limited | 0.009 | -18% | 3,831,410 | $21,745,393 |
| CYQ | Cycliq Group Ltd | 0.005 | -17% | 143,107 | $2,085,100 |
| HLX | Helix Resources | 0.005 | -17% | 462,000 | $13,938,875 |
| RKT | Rocketdna Ltd. | 0.01 | -17% | 1,349,999 | $6,406,711 |
| TLX | Telix Pharmaceutical | 10.21 | -16% | 7,264,794 | $3,873,655,528 |
| MRZ | Mont Royal Resources | 0.19 | -16% | 789,128 | $15,408,600 |
| CHW | Chilwaminerals | 0.15 | -14% | 331,664 | $8,028,125 |
| PUA | Peak Minerals Ltd | 0.003 | -14% | 14,127,791 | $3,644,818 |
| SRZ | Stellar Resources | 0.013 | -13% | 9,487,199 | $15,089,464 |
| RMI | Resource Mining Corp | 0.041 | -13% | 104,534 | $24,708,250 |
| ATR | Astron Corp Ltd | 0.415 | -13% | 51,453 | $69,607,420 |
| ELE | Elmore Ltd | 0.007 | -13% | 1,244,702 | $11,195,071 |
| TSL | Titanium Sands Ltd | 0.007 | -13% | 765,161 | $11,251,183 |
| ABE | Ausbondexchange | 0.18 | -12% | 9,065 | $7,944,386 |
| X2M | X2M Connect Limited | 0.051 | -12% | 105,000 | $9,209,899 |
| USL | Unico Silver Limited | 0.11 | -12% | 31,307 | $37,006,449 |
| JPR | Jupiter Energy | 0.022 | -12% | 6,487 | $30,746,253 |
| AZY | Antipa Minerals Ltd | 0.015 | -12% | 1,205,922 | $61,149,875 |
TRADING HALTS
Alto Metals (ASX:AME) – Capital raising.
Aston Minerals (ASX:ASO) – Capital raising.
Metal Hawk (ASX:MHK) – Capital raising.
Greenstone Resources (ASX:GSR) – Capital raising.
Surefire Resources (ASX:SRN) – A trading halt request “to facilitate an orderly market in the company’s securities pending an announcement in relation to the publication of test results from a study conducted by Lava Blue Ltd on High Purity Alumina (HPA) production from Surefire’s 100% owned Victory Bore deposit.”
If no announcement is delivered before week’s end, Surefire wants the halt in place until market open on Monday morning.
