Scientists were alarmed to learn that sharks can fly at night time, after this one was spotted returning to the ocean at sunrise. Pic via Getty Images.
Rise and Shine: Everything you need to know before the ASX opens
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Good morning everyone, and welcome to 12 July, 2024 – an important day in the history of being not even remotely the first European to find Australia.
That’s because it was on this day in 1771 that Captain James Cook returned to England after a two-year voyage around the Pacific Ocean to allow for a clean-up crew to scrub The Endeavour and re-stock the all-you-can-eat buffet ahead of another journey south.
Oddly enough, it was on this day in 1776 that Cook left England again, on the same boat with quite a few of the same people on board, for his third and final cruise among the Pacific islands.
This time round, he did “discover” Australia in the face of some people who were clearly already living here, and then sailed off over the horizon again, only to die at the hands of some far more angry Hawaiian locals in 1779.
Years later the salty sea dog’s statue suffered a similar fate at the hands of some St Kilda locals.
Luckily for you, you don’t need to leave a complicated colonial legacy in order to get your hands on the info you need today because – as always – I’ve thrown together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,379.31/oz (+0.27%)
Silver: US$30.98/oz (+0.39%)
Nickel (3mth): US$16,891/t (-1.46%)
Copper (3mth): US$9,695/t (-0.68%)
Zinc: US$2,976/t (+0.37%)
Oil (WTI): US$82.62/bbl (+0.63%)
Oil (Brent): US$85.70/bbl (+0.74%)
Iron 62pc Fe: US$108.74/t (-1.60%)
AUD/USD: 0.6756 (+0.02%)
Bitcoin: US$57,982.10 (+0.47%)
WHAT GOT YOU TALKING
It was a big day for a handful of our Small Caps Resources stocks yesterday – here’s a quick wrap of how things were going, in case you missed all the fun.
Here are the biggest #ASX #SmallCap #resources winners in morning trade, Thursday, July 11. Prices accurate at time of writing. $AUG $LIT $C7A $SVG $ADD https://t.co/8Rwb6fxFS3
— Stockhead (@StockheadAU) July 11, 2024
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 | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AUG | Augustus Minerals | 0.093 | 144.7 | 28,605,837 | $3,244,060 |
| SHO | Sportshero Ltd | 0.005 | 66.7 | 1,833,796 | $1,853,499 |
| SVG | Savannah Goldfields | 0.036 | 56.5 | 818,055 | $6,464,953 |
| C7A | Clara Resources | 0.017 | 54.5 | 11,154,244 | $2,201,529 |
| AVE | Avecho Biotech Ltd | 0.003 | 50.0 | 594,397 | $6,338,594 |
| PRX | Prodigy Gold NL | 0.003 | 50.0 | 102,333 | $4,235,549 |
| RNE | Renu Energy Ltd | 0.006 | 50.0 | 336,281 | $2,904,536 |
| TD1 | Tali Digital Limited | 0.0015 | 50.0 | 109,537 | $3,295,156 |
| SM1 | Synlait Milk Ltd | 0.34 | 47.8 | 821,521 | $50,273,782 |
| LSA | Lachlan Star Ltd | 0.067 | 36.7 | 601,178 | $10,171,087 |
| ALY | Alchemy Resource Ltd | 0.008 | 33.3 | 642,927 | $7,068,458 |
| IBG | Ironbark Zinc Ltd | 0.004 | 33.3 | 9,878,338 | $5,077,718 |
| JAV | Javelin Minerals Ltd | 0.002 | 33.3 | 12,814,782 | $4,688,164 |
| RWD | Reward Minerals Ltd | 0.045 | 28.6 | 99,994 | $7,974,860 |
| ASN | Anson Resources Ltd | 0.16 | 28.0 | 10,207,947 | $161,316,026 |
| LIT | Lithium Australia | 0.023 | 27.8 | 12,036,055 | $22,001,250 |
| SLM | Solismineralsltd | 0.145 | 26.1 | 1,711,067 | $8,849,718 |
| ZLD | Zelira Therapeutics | 0.605 | 26.0 | 24,957 | $5,446,634 |
| NPM | Newpeak Metals | 0.017 | 25.9 | 1,917,006 | $2,037,569 |
| NUC | Nuchev Limited | 0.27 | 25.6 | 40,785 | $31,462,950 |
| XPN | Xpon Technologies | 0.015 | 25.0 | 1,667,766 | $4,349,298 |
| ADD | Adavale Resource Ltd | 0.005 | 25.0 | 3,580,088 | $4,261,061 |
| HLX | Helix Resources | 0.0025 | 25.0 | 687,668 | $6,528,387 |
| MRR | Minrex Resources Ltd | 0.01 | 25.0 | 4,053,926 | $8,678,940 |
| RLG | Roolife Group Ltd | 0.005 | 25.0 | 7,500 | $3,129,527 |
Yesterday’s Small Cap Winners included:
Augustus Minerals (ASX:AUG) was well out in front early on news of substantial fresh rock chips from its Ti-Tree project in the Gascoyne region, with chips coming in as high as 35% copper and 236g/t silver from rock chip assays at the company’s Tiberius prospect.
Savannah Resources (ASX:SVG) was up on news of the completion of the Share Purchase Agreement for the sale of Savannah’s remaining shareholding in Renison Coal, the entity that owns the Ashford Coking Coal Project, to Clara Resources.
Meanwhile, Clara Resources Australia (ASX:C7A) was up on news that it has sold its holding in LSE-listed First Tin via an Institutional Bookbuild conducted by UK-based Arlington Group at GBP£0.04 (picked up by Metals X (ASX:MLX) no less), to raise net proceeds of about A$4.3 million, settling on 12 July 2024.
Synlait Milk (ASX:SM1) was up on news that A2 Milk (ASX:A2M) is set to vote in favour of Synlait receiving a $130 million shareholder loan from Bright Dairy International Investment, a related company of Bright Dairy Holding, Synlait’s 39.01% shareholder.
Lithium Australia (ASX:LIT) moved higher on Thursday on news that its recycling operations have achieved maiden Operating Cash Profit in Q4 FY24, with the company now focused on growing that operating profit on a sustainable basis.
Adavale Resources (ASX:ADD) climbed on news that it’s all set to go drilling for uranium in South Australia, following the acquisition of 100% interests in tenement EL6553 from Kilonova Metals. The company is set to undertake 3,000m of drilling to test priority Marree Embayment targets at the site.
And Zelira Therapeutics (ASX:ZLD) was up on news that it has had a positive meeting with US FDA officials to discuss its HOPE autism drug program. Zelira says the meeting request was met with a prompt reply from the FDA, and that it is looking forward to receiving the official minutes of the meeting soon.
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 | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MSG | Mcs Services Limited | 0.001 | -50.0 | 12,413,885 | $396,199 |
| OLH | Oldfields Holdings | 0.05 | -43.8 | 56,179 | $17,778,279 |
| CMD | Cassius Mining Ltd | 0.006 | -33.3 | 3,214,388 | $4,878,040 |
| 88E | 88 Energy Ltd | 0.002 | -33.3 | 7,617,878 | $86,678,016 |
| AXP | AXP Energy Ltd | 0.001 | -33.3 | 165,122 | $8,737,021 |
| LSR | Lodestar Minerals | 0.001 | -33.3 | 980,002 | $3,035,096 |
| MAY | Melbana Energy Ltd | 0.023 | -28.1 | 68,272,152 | $107,846,531 |
| KLI | Killiresources | 0.087 | -27.5 | 16,472,625 | $14,426,849 |
| APC | Aust Potash Ltd | 0.0015 | -25.0 | 2,034,441 | $8,040,379 |
| EXL | Elixinol Wellness | 0.003 | -25.0 | 943,671 | $5,284,729 |
| PKO | Peako Limited | 0.003 | -25.0 | 49,701 | $2,108,339 |
| JAY | Jayride Group | 0.007 | -22.2 | 205,744 | $2,126,782 |
| ALR | Altairminerals | 0.004 | -20.0 | 519,628 | $21,482,888 |
| BYH | Bryah Resources Ltd | 0.004 | -20.0 | 210,000 | $2,516,434 |
| LPD | Lepidico Ltd | 0.002 | -20.0 | 1,701,000 | $21,472,798 |
| IAM | Income Asset | 0.067 | -19.3 | 7,850 | $27,462,278 |
| JNO | Juno | 0.023 | -17.9 | 607,660 | $5,094,467 |
| PRM | Prominence Energy | 0.005 | -16.7 | 39,675 | $1,868,258 |
| TTI | Traffic Technologies | 0.005 | -16.7 | 120,000 | $5,837,311 |
| BIT | Biotron Limited | 0.033 | -15.4 | 6,152,454 | $35,188,745 |
| KGD | Kula Gold Limited | 0.011 | -15.4 | 1,156,250 | $8,036,755 |
| CMP | Compumedics Limited | 0.29 | -14.7 | 68,125 | $60,235,402 |
| FGH | Foresta Group | 0.006 | -14.3 | 5,475,161 | $16,487,653 |
| LML | Lincoln Minerals | 0.006 | -14.3 | 2,468,458 | $14,393,317 |
| TMK | TMK Energy Limited | 0.003 | -14.3 | 650,000 | $24,225,642 |
TRADING HALTS
Synlait Milk (ASX:SM1) – pending the outcome of the resolution put to shareholders at a special shareholders’ meeting.
Mineral Commodities (ASX:MRC) – pending an announcement regarding a developing maritime incident near the company’s Tormin Mineral Sands Project.
Cygnus Metals (ASX:CY5) – pending the release of an announcement regarding a capital raising.
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