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Good morning everyone, and welcome to 27 May, 2024 – an important day in the history of trainspotting, board games and being hurled against your will into a whole new dimension to endure aeons of excruciating torture being meted out by a particularly malevolent six-legged Lovecraftian horror.

That’s because it was on this day in 1849 that fans of English railways celebrated the grand opening of the Great Hall at Euston station, in London – an event that wasn’t just great news for 19th Century anorak-clad train nerds.

It was also something of a boon for every family that owned the board game Monopoly, as prior to the station’s opening, the space that it occupies on the Monopoly board was a small, but incredibly powerful, void with enough gravitational pull to devour even the huskiest of children in less than 0.4 of a second.

Although the Parker Brothers, who first published the game, have kept the official death toll a closely guarded secret, it is believed to be “somewhere in the high 3,000s”.

And if you hold a copy of Monopoly up to your ear and listen carefully, the heartbreaking echos of the screams of those children lost to the void can still be heard, more than 180 years later – even when the lid is on the box.

Luckily for you, the information you’re looking for this morning lies on this side of that nightmarish portal, nestled against the comfort and safety of Stockhead’s digital bosom, eagerly waiting for you to read it.

Our amazing stories for the morning include Chedwards’ chat with lead author at Market Matters, James Gerrish, and despite the fact that I have spent the past five years of my life in a state of baffling sobriety, I still found the energy to pull together all the bits and bobs and data and digits below, so you can look super-duper-smart in front of your mates when the market opens this morning.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,333.40 (+0.06%)

Silver: US$30.34 (+0.63%)

Nickel (3mth): US$20,318/t (+1.17%)

Copper (3mth): US$10,204.44/t (-0.84%)

Zinc: US$3,066.00/t (+0.11%)

Oil (WTI): US$77.80 (+1.21%)

Oil (Brent): US$82.16 (+0.98%)

Iron 62pc Fe: US$117.53/t (-0.11%)

AUD/USD: 0.6624 (+0.36%)

Bitcoin: US$68,709.10 (+0.24%)

 

WHAT GOT YOU TALKING

If you missed our wrap up of last week’s Small Caps action, fear not… for I have provided you with a fresh link to that story, which I promise you contains way, waaaay too many words.

 

 

FRIDAY’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
SER Strategic Energy 0.035 119% 86,514,548 $7,773,042
EDE Eden Inv Ltd 0.002 100% 1,914,026 $3,678,271
AN1 Anagenics Limited 0.012 71% 4,200,308 $3,229,243
KED Keypath Education 0.825 54% 472,640 $114,861,657
1MC Morella Corporation 0.003 50% 1,596,578 $12,357,599
GMN Gold Mountain Ltd 0.004 33% 7,853,019 $8,926,517
FTZ Fertoz Ltd 0.040 33% 33,338 $7,507,466
M4M Macro Metals Limited 0.037 28% 29,337,961 $104,355,976
TSL Titanium Sands Ltd 0.007 27% 1,625,914 $12,164,610
ADR Adherium Ltd 0.024 26% 16,959,336 $7,410,760
PSL Paterson Resources 0.015 25% 3,305,343 $5,472,455
AIV Activex Limited 0.005 25% 100,000 $862,010
ENT Enterprise Metals 0.005 25% 1,476,866 $3,538,884
H2G Greenhy2 Limited 0.010 25% 195,000 $4,113,473
ME1 Melodiol Glb Health 0.003 25% 7,837,517 $1,426,974
PSC Prospect Res Ltd 0.195 22% 3,285,340 $75,466,447
HMD Heramed Limited 0.018 20% 1,374,068 $5,823,747
AYT Austin Metals Ltd 0.006 20% 50 $6,620,957
CDT Castle Minerals 0.006 20% 102,833 $6,122,465
PFT Pure Foods Tas Ltd 0.037 19% 195,449 $3,419,136
RIL Redivium Limited 0.004 17% 1,209,869 $8,192,564
T3D 333D Limited 0.007 17% 187,613 $716,670
TMX Terrain Minerals 0.004 17% 77,200 $4,295,012
BEO Beonic Ltd 0.029 16% 230,226 $10,612,374
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Friday’s Small Cap Winners included:

Strategic Energy Resources (ASX:SER) was once again at the top of the small caps heap on Friday morning, building on the previous day’s news that the company has raised a cool $2 million to explore the Achilles 1 polymetallic prospect in the South Cobar Basin. The placement, done at a small 8.3% discount to the last traded price, is cornerstoned by Datt Capital and Lowell Resources Fund (ASX:LRT).

Appen (ASX:APX) rose after telling investors at the AGM that generative AI will have a significant impact on its total addressable market. Appen also said it was aiming for breakeven on an operating basis sometime in FY24.

Keypath Education (ASX:KED) was up thanks to a merger and delisting deal signed with Sterling Partners, with an offer of $0.87 cash per share on the table that the Keypath board has grabbed firmly with both hands – it’s an 88.3% premium to the 6-month volume weighted average price (‘VWAP’) of Keypath CDIs prior to the announcement being made.

Adherium (ASX:ADR) jumped on Friday morning, on news that drug behemoth AstraZeneca has selected the company’s Hailie Smartinhaler platform for a clinical trial, with the contract valued at $1.1 million over the course of three years.

Lending platform Propell Holdings (ASX:PHL) was up in early trade, clearly enjoying significantly increased deal volumes in April and May that has seen average loan size continue to grow, reaching $82k quarter-to-date – a 20% uplift on Q3.

And Paterson Resources (ASX:PSL) got a shot in the arm on Friday after announcing the strategic sale of 100% of the issued capital of its wholly owned subsidiaries Burraga Copper, BC Exploration and Old Lloyds Mine – which bolt together like Voltron to form the basis of the Burraga Project in NSW.

 

FRIDAY’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
AUK Aumake Limited 0.002 -33% 10,125,380 $5,743,220
NRZ Neurizer Ltd 0.002 -33% 208,103,485 $4,961,875
RML Resolution Minerals 0.002 -33% 542,006 $4,830,065
AEV Avenira Limited 0.005 -29% 1,342,311 $16,443,238
AMM Armada Metals 0.013 -28% 50,000 $3,744,000
BEL Bentley Capital Ltd 0.029 -26% 118,871 $2,968,989
BFC Beston Global Ltd 0.003 -25% 3,148,577 $7,988,188
CTN Catalina Resources 0.003 -25% 203,035 $4,953,948
CUL Cullen Resources 0.006 -25% 1,667,583 $4,561,386
ECT Env Clean Tech Ltd. 0.003 -25% 510,311 $12,687,242
JAV Javelin Minerals Ltd 0.002 -25% 1,738,084 $4,352,462
BMG BMG Resources Ltd 0.010 -23% 3,901,380 $8,239,363
NIS Nickelsearch 0.028 -20% 2,031,640 $7,473,986
ROG Red Sky Energy. 0.004 -20% 1,131,984 $27,111,136
WYX Western Yilgarn NL 0.031 -18% 1,563,023 $3,492,485
88E 88 Energy Ltd 0.003 -17% 27,580,210 $86,678,016
MEL Metgasco Ltd 0.005 -17% 115,000 $7,397,320
MOM Moab Minerals Ltd 0.005 -17% 364,650 $4,271,778
MTL Mantle Minerals Ltd 0.003 -17% 1,314,792 $18,592,338
PRX Prodigy Gold NL 0.003 -17% 5,150,656 $6,041,322
TTI Traffic Technologies 0.005 -17% 505,280 $5,546,989
VFX Visionflex Group Ltd 0.005 -17% 736,328 $8,501,947
ENL Enlitic Inc. 0.260 -16% 21,171 $24,401,535
ZMM Zimi Ltd 0.021 -16% 96,000 $3,083,701
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TRADING HALTS 

Forrestania Resources (ASX:FRS) – pending the release of an announcement regarding a potential acquisition.

Anagenics (ASX:AN1) – pending an announcement in relation to a recent announcement made by LSE-listed Roquefort Therapeutics.

Falcon Metals (ASX:FAL) – pending an announcement in relation to exploration results at its Farrelly Mineral Sands Prospect.

HMC Capital (ASX:HMC) – pending an announcement by HMC in connection with a proposed acquisition and an equity raising.

Cyclopharm (ASX:CYC) – pending the release of an announcement relating to the completion of a capital raising.

Intelligent Monitoring Group (ASX:IMB) –  pending an announcement in relation to two proposed strategic acquisitions, funded by proposed equity raising.

Asra Minerals (ASX:ASR) – pending the release of an announcement in relation to a material project acquisition and a proposed capital raising.

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