Good morning everyone, and welcome to 01 May, 2024 – an important date on the philatelic calendar, as it was on this day in 1840 that the world’s first adhesive stamp, the Penny Black, went into circulation, inadvertently giving purpose to the lives of millions of nerds for decades to come.
The front of the stamp featured an image of Queen Victoria, and the back of the stamp featured a sort of glue-like substance that was probably incredibly toxic, a conclusion I am drawing on the basis that not a single person who licked the back of a Penny Black stamp in 1840 is alive to tell the tale.
Luckily for you, we’re not expecting you to put yourself at considerable risk, or spend the many hundreds of thousands of pounds that just one of these stamps is now worth – we’ve got all the stories you need to get your day on the ASX off to a cracking start.
And because I, dear reader, have spent several gruelling minutes compiling some data, there’s a bunch of digits and highlights listed below to help prep you for a happy first day of May on the bourse.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,314.80 (-0.86%)
Silver: US$26.66 (-1.80%)
Nickel (3mth): US$19,168.53/t (+0.31%)
Copper (3mth): US$10,068.97/t (+1.37%)
Oil (WTI): US$82.67 (+0.26%)
Oil (Brent): US$87.41 (-1.12%)
Iron 62pc Fe: US$110.54/t (+0.34%)
AUD/USD: 0.6533 (-0.03%)
Bitcoin: US$61,920.80 (-3.01%)
WHAT GOT YOU TALKING
Oh goodie… it’s quarterly season. Again. Wheeee… etc. Here’s the first of many, many highlights from all the companies you know and love.
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 | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| SIH | Sihayo Gold Limited | 0.002 | 100% | 9,040,689 | $12,204,256 |
| ADS | Adslot Ltd. | 0.003 | 50% | 1,267,860 | $6,448,991 |
| ICG | Inca Minerals Ltd | 0.007 | 40% | 4,302,139 | $4,023,694 |
| RNE | Renu Energy Ltd | 0.008 | 33% | 1,345,282 | $4,149,804 |
| SUM | Summitminerals | 0.145 | 32% | 1,816,367 | $5,242,284 |
| MGA | Metalsgrovemining | 0.072 | 31% | 426,850 | $2,046,028 |
| FZR | Fitzroy River Corp | 0.150 | 30% | 720 | $12,414,739 |
| CLZ | Classic Min Ltd | 0.009 | 29% | 7,947,443 | $2,170,241 |
| CBY | Canterbury Resources | 0.058 | 26% | 1,574,828 | $7,900,081 |
| NRX | Noronex Limited | 0.015 | 25% | 12,122,828 | $5,674,526 |
| NSX | NSX Limited | 0.025 | 25% | 25,697 | $9,451,422 |
| CAV | Carnavale Resources | 0.005 | 25% | 1,278,013 | $13,694,207 |
| EMUDA | EMU NL | 0.020 | 25% | 122,421 | $1,079,878 |
| YAR | Yari Minerals Ltd | 0.005 | 25% | 997,010 | $1,929,431 |
| GIB | Gibb River Diamonds | 0.031 | 24% | 131,932 | $5,287,736 |
| RNX | Renegade Exploration | 0.016 | 23% | 7,954,407 | $13,047,706 |
| KNO | Knosys Limited | 0.040 | 21% | 930,992 | $7,132,577 |
| INP | Incentiapay Ltd | 0.006 | 20% | 83,500 | $6,219,650 |
| PRX | Prodigy Gold NL | 0.003 | 20% | 200,000 | $5,034,435 |
| SIT | Site Group Int Ltd | 0.003 | 20% | 132,500 | $6,506,226 |
| SKO | Serko | 3.400 | 19% | 27,525 | $348,478,728 |
| LEX | Lefroy Exploration | 0.130 | 18% | 58,956 | $22,050,433 |
| OLL | Openlearning | 0.020 | 18% | 630,221 | $4,553,774 |
| PBH | Pointsbet Holdings | 0.515 | 17% | 2,945,791 | $143,234,555 |
Yesterday’s Small Cap Winners included:
Sihayo Gold (ASX:SIH) rose after announcing an off-market takeover offer from a cashed-up group called Provident Aurum, owned by Indonesian firm Provident Minerals, which happens to be Sihayo’s largest shareholder since 2013. Provident provided a recent unsecured working capital loan of US$3.9 million to Sihayo, and assistance in connection with Indonesian regulatory approvals. The proposed offer is at a price of 0.225 cents cash per Sihayo share, and is subject to a number of conditions, naturally.
A successful relaunch for Ovanti (ASX:OVT) which recommenced trading and saw its price triple from its recent 1 cent raise to as much as 3.1 cents to settle at 2.8 cents. Ovanti wants to capitalise on resurgent interest in the BNPL space and grow its offering aggressively throughout the lucrative markets of South-East Asia
PVW Resources (ASX:PVW), which has dropped mostly unastonishing quarterly numbers after putting so much of its gold and REE life on hold thanks to the particularly wet wet season in the Northern Territory, also rose strongly.
Oceana Lithium (ASX:OCN) announced a defined a large uranium anomaly, +4.5km long and 700m wide, and the Napperby project in the Northern Territory. That’s a project situated within the Arunta Province, which is known for its highly prospective lithium rocks, Rare Earth Elements (REEs) and uranium mineralisation. The Paleoproterozoic Wangala and Ennugan mountains in the region are renowned as “hot granites”, notes the company, hosting uranium and REEs in particular.
Also rising sharply was the software stock Knosys (ASX:KNO) which hauled in some $507K in Q3 profit, reportedly leaving KNO on track to deliver “a strong maiden annual positive EBITDA and positive cashflow in FY24.”
Marmota (ASX:MEU) announced that, as part of its Project X regional reconnaissance program, drilling at Target 5, ‘Goolagong’, on EL 5818 (100% owned) has yielded a potential new gold discovery. The last 2 metres drilled in Hole 23MR184 returned significant gold, with the grades notably increasing to the end of hole at 38m: 2m @ 0.64g/t gold From 36m downhole to end of hole, and from 36m to 37m: 0.53g/t gold.
Mining services company, Dynamic Group (ASX:DDB), says new contracts were awarded with a total approximate value of $11.1m to $12.9m. This takes its contract awards to $87.4m to $97.1m since the start of Q3 FY24, which sets a solid foundation for Q4 FY24 and into FY25.
Vanadium Resources (ASX:VR8) has signed a non-binding MOU for the offtake of V2O5 production from its Project with Enerflow Technology, a subsidiary of Tian’en Energy. The MOU provides for the supply of 4ktpa of V2O5 flake over a period of five years with an option for Enerflow to extend a further five years. VR8 also remains in discussions for further offtake MOUs and agreements with a variety of Chinese, Japanese, Korean and European end-users and traders for the balance of its planned production.
And Clarity Pharma (ASX:CU6) has jumped almost 10% after revealing that the first patient to be dosed with two cycles of 67Cu-SAR-bisPSMA at 8GBq achieved a complete response to treatment based on RECIST criteria. The patient received the first cycle of 67Cu-SAR-bisPSMA as part of Cohort 2 of Clarity’s theranostic SECuRE trial, which is evaluating the drug in patients with mCRPC (metastatic castration-resistant prostate cancer).
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 | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -50% | 122,094 | $11,649,361 |
| OVT | Ovanti Limited | 0.026 | -37% | 10,808,017 | $46,568,845 |
| MRQ | Mrg Metals Limited | 0.001 | -33% | 1,616,923 | $3,787,678 |
| BXN | Bioxyne Ltd | 0.006 | -25% | 15,404,303 | $16,373,163 |
| GMN | Gold Mountain Ltd | 0.003 | -25% | 388,610 | $11,902,023 |
| LSR | Lodestar Minerals | 0.002 | -25% | 7,867,057 | $4,046,795 |
| RIE | Riedel Resources Ltd | 0.003 | -25% | 231,377 | $8,895,343 |
| AAU | Antilles Gold Ltd | 0.014 | -22% | 9,280,910 | $16,461,630 |
| SNS | Sensen Networks Ltd | 0.022 | -21% | 18,377 | $21,688,900 |
| XGL | Xamble Group Limited | 0.040 | -20% | 3,000 | $14,779,241 |
| CCO | The Calmer Co Int | 0.004 | -20% | 1,776,391 | $5,913,483 |
| EXL | Elixinol Wellness | 0.004 | -20% | 5,933,487 | $6,505,370 |
| IBG | Ironbark Zinc Ltd | 0.004 | -20% | 20,835 | $7,969,363 |
| ION | Iondrive Limited | 0.008 | -20% | 686,000 | $4,862,853 |
| MXO | Motio Ltd | 0.016 | -20% | 234,669 | $5,363,967 |
| SIS | Simble Solutions | 0.004 | -20% | 5,550,000 | $3,495,195 |
| SNX | Sierra Nevada Gold | 0.051 | -19% | 15,860 | $3,804,935 |
| ARL | Ardea Resources Ltd | 0.690 | -19% | 590,576 | $167,464,378 |
| PLC | Premier1 Lithium Ltd | 0.025 | -17% | 381,173 | $5,237,223 |
| YRL | Yandal Resources | 0.125 | -17% | 167,668 | $40,171,142 |
| 8IH | 8I Holdings Ltd | 0.010 | -17% | 84,400 | $4,288,272 |
| OPN | Oppenneg | 0.005 | -17% | 1,705,036 | $6,775,078 |
| TAS | Tasman Resources Ltd | 0.005 | -17% | 50,000 | $4,276,016 |
| VMT | Vmoto Limited | 0.110 | -15% | 635,530 | $52,676,639 |
| AJL | AJ Lucas Group | 0.011 | -15% | 29,007 | $17,884,485 |
TRADING HALTS
Sacgasco (ASX:SGC) – to allow the company time to identify and appoint a director to the board to ensure it has the requisite three directors as required under the Corporations Act 2001.
Mitre Mining (ASX:MMC) – pending the release of an announcement regarding a capital raising.
ADX Energy (ASX:ADX) – pending an announcement regarding a capital raising.
Predictive Discovery (ASX:PDI) – undertaking a capital raising and requests a trading halt of its securities to allow it time to formalise the raising.
Adisyn (ASX:AI1) – pending the release of an announcement in relation to a material asset sale.
Metrics Income Opportunities Trust (ASX:MOT) – pending an announcement in relation to a proposed capital raising to be undertaken by the Trust.
TrivarX (ASX:TRI) – pending an announcement regarding a capital raising.
Bapcor (ASX:BAP) – pending the release of a trading update.
Metro Mining (ASX:MMI) – pending an announcement in relation to a capital raising.