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Good morning everyone, and welcome to 02 May, 2024 – an important date in Australian history as it was on this day in 1829 that Captain Charles Fremantle of HMS Challenger declared the Swan River Colony in Western Australia, which has been widely derided as a terrible idea.

Mostly because it led to the creation of Swan Lager, which has been widely derided as an even worse idea than Charles Fremantle’s terrible mistake in 1829.

I look forward to your angry morse code messages from Western Australia, which I’m guessing should arrive by post in about two weeks.

Luckily for you, you won’t need to wait a fortnight to get the good oil on what’s happening around the market this morning, because Eddy Sunarto’s got his Health sector round up, and Nadine McGrath’s got a wrap-up of all things winning and losing for the month of April as well.

Plus I’ve been hard at work all afternoon, crunching the numbers and ignoring an increasingly frantic series of emails, to bring you all the data and digits and highlights listed below to help prep you for what’s shaping to be… gis a sec… it says ‘Thursday’ here.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,288.36 (+0.11%)

Silver: US$26.45 (+0.57%)

Nickel (3mth): US$18,968.50/t (-0.74%)

Copper (3mth): US$9,973.05/t (-0.74%)

Oil (WTI): US$81.09 (-0.52%)

Oil (Brent): US$85.52 (-2.67%)

Iron 62pc Fe: US$110.91/t (+0.33%)

AUD/USD: 0.6477 (-0.02%)

Bitcoin: US$59,461.10 (-1.91%)

 

WHAT GOT YOU TALKING

If you missed the bus on Resources yesterday, it’s not too late to bone up before your day starts today.

 

 

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
H2G Greenhy2 Limited 0.010 67% 1,273,876 $2,512,535
SRK Strike Resources 0.067 52% 7,177,396 $12,485,000
YPB YPB Group Ltd 0.003 50% 1,000,082 $1,580,923
RFT Rectifier Technolog 0.013 44% 5,662,802 $12,437,856
KPO Kalina Power Limited 0.004 33% 1,424,350 $6,778,360
RIE Riedel Resources Ltd 0.004 33% 4,600,000 $6,671,507
SNS Sensen Networks Ltd 0.029 32% 794,995 $17,041,278
RCR Rincon 0.100 30% 57,427,563 $17,028,655
XST Xstate Resources 0.019 27% 1,239,744 $4,822,787
A8G Australasian Metals 0.080 25% 28,745 $3,335,712
MTC Metalstech Ltd 0.255 24% 1,215,275 $38,735,691
Z2U Zoom2Utechnologies 0.083 22% 347,112 $13,177,443
WAK Wakaolin 0.051 21% 897,015 $17,798,933
KNO Knosys Limited 0.052 21% 870,084 $9,293,964
EEL Enrg Elements Ltd 0.006 20% 225,580 $5,049,825
EXL Elixinol Wellness 0.006 20% 1,664,071 $6,505,370
MKL Mighty Kingdom Ltd 0.006 20% 2,191,357 $12,487,999
YOJ Yojee Limited 0.056 19% 5,300 $12,255,335
LPD Lepidico Ltd 0.004 17% 15,287,283 $22,914,924
RC1 Redcastle Resources 0.014 17% 636,900 $3,939,410
TTI Traffic Technologies 0.007 17% 155,938 $5,227,924
LYN Lycaonresources 0.380 15% 2,568,874 $14,538,563
BCT Bluechiip Limited 0.008 14% 62,625 $7,705,368
KOR Korab Resources 0.008 14% 287,400 $2,569,350
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Yesterday’s Small Cap Winners included:

Strike Resources (ASX:SRK) is in the winner’s circle after  Lithium Energy (ASX:LEL)  announced yesterday that it had sold its 90% share of the Solaroz lithium brine project in Argentina to CNGR – one of the world’s largest producers of precursor materials for leading companies in the battery materials supply chain – for about $97 million in cash. Strike is a 27% shareholder in LEL.

YPB Group (ASX:YPB) was top of the small caps charts on news that the company has raised $33,075 after costs at a small 5.6% discount to the 15-day VWAP via an At-The-Market (ATM) subscription facility with Dolphin Corporate Investments. That deal was signed in November last year, giving YPB access to up to $2 million – and today’s dip into the kitty comes on the heels of the company’s recent quarterly, showing that it has managed to reduce cash burn by 24% on Q4 2023 thanks to a revenue bounce.

Kalina Power (ASX:KPO) inched up $0.001 (+33.0%), ostensibly on news that it has appointed former Macquarie Capital Markets Canada CEO Matthew Jenkins to its board as non-exec director, as well as the board of its wholly owned Canadian project development company, Kalina Distributed Power.

Lithium project developer Anson Resources (ASX:ASN) signs a binding offtake deal with battery maker LG Energy Solution, which will buy 4000tpa battery grade lithium carbonate per year.

Orexplore Technologies (ASX:OXT) got a boost on news that it has developed a nuggety gold detection system that is being validated through commercial testing with multiple tier-1 gold mining companies. The company says its tech “identifies gold nuggets larger than ~100 micrometres throughout the entire core, providing data to support improved operational grade control and to assist in producing more useful estimates of gold mineralisation”.

Adisyn (ASX:AI1) will sell its VMware cloud platform for a total consideration of up to $1.4 million cash.

And Black Canyon (ASX:BCA) provided an update on activities in relation to production of beneficiated manganese concentrate feedstock from the KR1 and KR2 deposits. Dense Media Separation has produced manganese concentrates grades of 31.8% Mn and 31.3% Mn from the KR1 and KR2 test samples respectively. These results complement previously announced Heavy Liquid Separation concentrates grades ranging between 29.2% Mn & 37.4% Mn also from KR1 and KR2.

 

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% 94,911 $11,649,361
LSR Lodestar Minerals 0.001 -33% 770,000 $3,035,096
SHO Sportshero Ltd 0.004 -33% 6,148,918 $3,706,997
ZNO Zoono Group Ltd 0.029 -28% 1,144,658 $8,548,962
G6M Group 6 Metals Ltd 0.035 -26% 3,121,304 $47,189,074
88E 88 Energy Ltd 0.003 -25% 37,870,754 $100,496,250
HCD Hydrocarbon Dynamic 0.003 -25% 2,000,024 $3,234,329
NRZ Neurizer Ltd 0.003 -25% 62,352,193 $6,305,643
TSL Titanium Sands Ltd 0.007 -22% 5,669,137 $17,943,572
PBL Parabellumresources 0.041 -21% 352,198 $3,239,600
ZMI Zinc of Ireland NL 0.012 -20% 294,380 $3,197,164
SIT Site Group Int Ltd 0.002 -20% 550,000 $6,506,226
GES Genesis Resources 0.005 -17% 250,245 $4,697,048
INP Incentiapay Ltd 0.005 -17% 139,554 $7,463,580
NMR Native Mineral Res 0.020 -17% 25,250 $5,036,412
PRX Prodigy Gold NL 0.003 -17% 605,115 $6,041,322
RML Resolution Minerals 0.003 -17% 50,000 $4,830,065
TMR Tempus Resources Ltd 0.005 -17% 4,083,298 $4,385,992
FML Focus Minerals Ltd 0.155 -16% 551,037 $53,013,349
PAT Patriot Lithium 0.083 -16% 441,458 $6,892,096
LVH Livehire Limited 0.016 -16% 110,766 $6,991,471
WTM Waratah Minerals Ltd 0.110 -15% 536,574 $19,417,385
MCL Mighty Craft Ltd 0.011 -15% 2,464,141 $4,746,718
GLN Galan Lithium Ltd 0.280 -15% 6,918,516 $136,304,518
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TRADING HALTS 

Global X Gold Bullion ETF (ASX:GXLD) – to allow further time to complete the market maker operational setup to facilitate trading in GXLD.

Boab Metals (ASX:BML) – pending the release of an announcement regarding a capital raising.

Quickfee (ASX:QFE) ) – pending an announcement to be released to ASX by the company in relation to a proposed capital raising.

Actinogen Medical (ASX:ACW) – ending an announcement regarding a fund raising.

Synertec Corporation (ASX:SOP) – to allow a capital raising by Synertec to take place.

Lanthanein Resources (ASX:LNR) –  pending an announcement in relation to a material capital raising.

Hot Chili (ASX:HCH) – pending the release of an announcement concerning the results of a capital raising.

Arcadia Minerals (ASX:AM7) – pending an announcement in relation to a capital raising and rights issue.

Provaris Energy (ASX:PV1) – pending an announcement regarding a capital raising.

Sunstone Metals (ASX:STM) – pending the release of an announcement regarding a proposed capital raising.

Evion Group (ASX:EVG) – pending an announcement regarding a change to the company’s board.

Openn Negotiation (ASX:OPN) – pending an announcement in relation to a material acquisition and capital raising.

Energy Technologies (ASX:EGY) – pending an announcement in relation to a capital raising.

VRX Silica (ASX:VRX) – pending an announcement and update regarding the current Rights Issue.

West Wits Mining (ASX:WWI) – pending an announcement regarding a proposed capital raising.

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