Good morning everyone. On Stockhead today, why dividend growth matters more than yields, are you a laterite or a sulphide kind of person, and we chat to Everest Metals’ Simon Phillips about hunting lithium with Rio.
But first the day ahead.
TRADING HALTS
These companies went into Trading Halts on Tuesday and should be out in the next days
DMC Mining (ASX:DMM) – Run, DMC. Away from ASX trading today. (It was there.) Until a likely Thursday resumption, that is. It’s all good. The company is reportedly waiting to announce to the market a project expansion.
Panoramic Resources (ASX:PAN) – Capital raising.
Alara Resources (ASX:AUQ) – Pending an announcement regarding the entry by Alara’s 51% owned joint venture vehicle Al Hadeetha Resources LLC (AHRL) into an offtake agreement to sell copper concentrate from its Al Wash-hi Majaza Copper-Gold Project in Oman.
Readcloud (ASX:RCL) – Capital raising.
Careteq (ASX:CTQ) – Capital raising.
Critical Resources (ASX:CRR) – Capital raising.
RLF AgTech (ASX:RLF) – Regards the pending inking of a material agreement with the Commonwealth Bank of Australia in relation to the company’s carbon business.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1964.82 (+0.53%)
Silver: $US24.67 (+1.25%)
Nickel (3mth): $US22,460/t (+4.82%)
Copper (3mth): $US8,660/t (+1.68%)
Oil (WTI): $US79.34 (+0.76%)
Oil (Brent): $US82.91 (+0.20%)
Iron 62pc Fe: $US112.72/t (+0.19%)
AUD/USD: 0.6790 (-0.3%)
Bitcoin: $US29,221 (+0.20%)
What got you talking?
The day in part…
and in whole…
For all you crypto lovers Stockhead’s Coinhead Twitter 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.
TUESDAY’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 |
|---|---|---|---|---|---|
| AUK | Aumake Limited | 0.0045 | 50% | 4,328,942 | $4,461,778 |
| CCE | Carnegie Cln Energy | 0.0015 | 50% | 50,000 | $15,642,574 |
| CLE | Cyclone Metals | 0.0015 | 50% | 1,250,000 | $10,264,505 |
| DXN | DXN Limited | 0.0015 | 50% | 5,590,000 | $1,721,315 |
| MCT | Metalicity Limited | 0.002 | 33% | 720,928 | $5,604,129 |
| SI6 | SI6 Metals Limited | 0.008 | 33% | 21,329,639 | $9,924,050 |
| CTO | Citigold Corp Ltd | 0.005 | 25% | 717,636 | $11,494,636 |
| GFN | Gefen Int | 0.005 | 25% | 820,609 | $513,119 |
| AMA | AMA Group Limited | 0.14 | 22% | 5,077,811 | $123,403,075 |
| SWP | Swoop Holdings Ltd | 0.3375 | 21% | 194,736 | $57,985,948 |
| LBT | LBT Innovations | 0.024 | 20% | 152,041 | $6,915,914 |
| CMG | Criticalmineralgrp | 0.275 | 20% | 144,495 | $7,023,182 |
| CMO | Cosmometalslimited | 0.097 | 17% | 29,793 | $2,746,180 |
| CVR | Cavalierresources | 0.14 | 17% | 119,980 | $3,819,470 |
| ATH | Alterity Therap Ltd | 0.007 | 17% | 122,944 | $14,639,386 |
| RIE | Riedel Resources Ltd | 0.007 | 17% | 810,701 | $12,356,442 |
| NKL | Nickelxltd | 0.072 | 16% | 172,618 | $5,358,987 |
| WNR | Wingara Ag Ltd | 0.037 | 16% | 84,000 | $5,617,360 |
| BAS | Bass Oil Ltd | 0.115 | 15% | 834,113 | $26,839,444 |
| BOD | BOD Science Ltd | 0.115 | 15% | 462,505 | $15,312,149 |
| CUS | Coppersearchlimited | 0.23 | 15% | 4,000 | $10,558,979 |
| CHK | Cohiba Min Ltd | 0.004 | 14% | 100,000 | $7,746,355 |
| EME | Energy Metals Ltd | 0.12 | 14% | 6,804 | $22,016,748 |
| EGY | Energy Tech Ltd | 0.049 | 14% | 4,000 | $14,519,373 |
| STK | Strickland Metals | 0.042 | 14% | 10,268,892 | $58,821,064 |
Aussie data centre designer, builder and operator, DXN (ASX:DXN): jumped +50% on a very positive quarterly report, with a highlight: modular data centre contracts in the latest quarter totalling $3.9m.
Si6 Metals (ASX:SI6): found a full-third (+33% everyone) After a strong investor presentation on the Botswana-focused (nickel, copper, PGE) metal adventure.
Strategic targeting of critical minerals sites is on and investor propositions a-go-go.
More here.
Strickland Metals (ASX:STK) is another gold and copper exploration company on the rise, currently with a market cap of a shade over $65 million. Which grew on Tuesday by another +14% gain.
This is the guilty work of Strickland flogging its Millrose project to gold major Northern Star Resources (ASX:NST) and the happy couple (finally) exchanging rings.
Strickland is well in the black on this one, receiving a further $39 million in cash as well as a nice little sweetener of 1.5 million fully paid ordinary NST shares.
STK’s also pocketed an initial cash deposit of $2 million. The beers are definitely on them. (Although don’t blame us if you’re told to bugger off when you turn up to their HQ in your “going out shirt” expecting a few frothies.)
Per its sale announcement, Strickland will now commence exploration campaigns to advance and upgrade its existing portfolio of projects.
Andrew Bray, Strickland’s CEO:
“Completion of the Millrose sale transaction with Northern Star is a momentous step in the development of Strickland. We now have one of the strongest balance sheets in the junior exploration space, along with a portfolio of very promising, advanced exploration projects.
“Work is commencing imminently on a number of prospects at the Yandal gold project, as well as at Iroquois and the wider Earaheedy base metal project.”
TUESDAY’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 |
|---|---|---|---|---|---|
| BNO | Bionomics Limited | 0.0125 | -43% | 35,126,329 | $32,312,179 |
| CT1 | Constellation Tech | 0.002 | -33% | 2,068,446 | $4,413,601 |
| MTL | Mantle Minerals Ltd | 0.001 | -33% | 1,006,543 | $9,221,169 |
| RBR | RBR Group Ltd | 0.002 | -33% | 37,717 | $4,855,214 |
| OM1 | Omnia Metals Group | 0.17 | -24% | 3,132,060 | $10,253,457 |
| CAV | Carnavale Resources | 0.0055 | -21% | 41,532,792 | $23,334,862 |
| CTN | Catalina Resources | 0.004 | -20% | 1,766,550 | $6,192,434 |
| EMU | EMU NL | 0.002 | -20% | 2,300,665 | $3,625,053 |
| GPR | Geopacific Resources | 0.016 | -20% | 4,722,376 | $16,423,822 |
| MVP | Medical Developments | 1.3 | -19% | 1,078,201 | $138,951,332 |
| ONE | Oneview Healthcare | 0.195 | -19% | 2,405,235 | $128,032,121 |
| BFC | Beston Global Ltd | 0.009 | -18% | 16,547,681 | $21,967,516 |
| BEX | Bikeexchange Ltd | 0.005 | -17% | 792,187 | $7,134,901 |
| HLX | Helix Resources | 0.005 | -17% | 856,197 | $13,938,875 |
| MXC | Mgc Pharmaceuticals | 0.0025 | -17% | 2,065,419 | $11,677,079 |
| BGT | Bio-Gene Technology | 0.083 | -16% | 50,000 | $17,651,329 |
| MEG | Megado Minerals Ltd | 0.059 | -16% | 1,454,206 | $17,811,889 |
| PXX | Polarx Limited | 0.011 | -15% | 8,755,342 | $17,600,832 |
| MPR | Mpower Group Limited | 0.017 | -15% | 103,046 | $5,874,066 |
| WMG | Western Mines | 0.545 | -15% | 437,643 | $33,462,611 |
| AUR | Auris Minerals Ltd | 0.012 | -14% | 1,183,958 | $6,672,763 |
| AWJ | Auric Mining | 0.05 | -14% | 350,631 | $7,589,856 |
| FBR | FBR Ltd | 0.019 | -14% | 11,075,523 | $81,223,523 |
| JPR | Jupiter Energy | 0.019 | -14% | 73,981 | $27,056,703 |
| GLH | Global Health Ltd | 0.165 | -13% | 34,479 | $11,029,412 |
No small caps left behind.