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 |
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 |
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.