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Rise and Shine: Everything you need to know before the ASX opens
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Good morning everyone, and welcome to 26 July, 2024 – an important date in the history of looking up at the heavens and triggering an existential crisis.
It was on this day in 1609 that an English mathematician called Thomas Harriott got a telescope out, and decided to draw a “map of the moon”.
The result is, by any modern yardstick, laughably bad – I’m pretty sure I drew something heaps better when I was a kid, but mine included stuff like spacemen and aliens and some laser beams and possibly even Darth Vader, because Bad Guys are cool.
But, given it was 1609, and despite Harriott’s evidently shaky hands… it’s a pretty good picture.
And it’s super-important because it predates, by several months, the claims that Galileo was the first person to have a crack at mapping celestial objects using a telescope.
It was a claim for Galileo that was first fully challenged in 1965, when Harriot’s maps were published for the first time, and in recognition of his drawings, there’s a bit of the moon that now bears his name.
It’s on the far side of the moon, where no one can see it.
Luckily for you, you won’t need to make an amazing scientific discovery and then be ignored for hundreds of years, only to be recognised by having something that only a handful of humans will ever see named after you.
That’s because – as always – I’ve worked super-hard to gather 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$2,373.10/oz (-1.76%)
Silver: US$28.20/oz (-3.87%)
Nickel (3mth): US$15,871/t (-0.94%)
Copper (3mth): US$8,975/t (-1.41%)
Zinc: US$2,658/t (-1.02%)
Oil (WTI): US$77.00/bbl (-0.76%)
Oil (Brent): US$81.14/bbl (-0.70%)
Iron 62pc Fe: US$99.85/t (-1.04%)
AUD/USD: 0.6544 (-0.46%)
Bitcoin: US$64,292.20 (-1.64%)
WHAT GOT YOU TALKING
Did you have garnet on your minerals watchlist? Yeah… neither did almost everyone, which made yesterday’s morning winners chart quite the surprise…
The best (and worst) performing #ASX #stocks in morning trade using live data. https://t.co/oFi65U92TI
— Stockhead (@StockheadAU) July 25, 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 | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| AHN | Athena Resources | 0.004 | 100.0 | 22,298,397 | $2,140,935 |
| TRP | Tissue Repair | 0.34 | 54.5 | 2,607,834 | $13,302,265 |
| APC | Aust Potash Ltd | 0.0015 | 50.0 | 472,617 | $4,020,189 |
| RMX | Red Mount Min Ltd | 0.0015 | 50.0 | 2,443,904 | $3,423,577 |
| JAV | Javelin Minerals Ltd | 0.002 | 33.3 | 10,517,303 | $5,515,269 |
| MRQ | Mrg Metals Limited | 0.004 | 33.3 | 1,429,468 | $8,134,556 |
| TMX | Terrain Minerals | 0.004 | 33.3 | 1,808,650 | $4,295,012 |
| ATX | Amplia Therapeutics | 0.081 | 30.6 | 2,478,751 | $17,001,143 |
| MEL | Metgasco Ltd | 0.005 | 25.0 | 100,000 | $5,790,347 |
| TAS | Tasman Resources Ltd | 0.005 | 25.0 | 26,500 | $2,850,677 |
| VRC | Volt Resources Ltd | 0.005 | 25.0 | 270,320 | $16,634,713 |
| SEN | Senetas Corporation | 0.016 | 23.1 | 11,945,339 | $20,426,684 |
| CLU | Cluey Ltd | 0.043 | 22.9 | 753,167 | $7,056,475 |
| DTZ | Dotz Nano Ltd | 0.145 | 20.8 | 297,744 | $62,851,453 |
| NRZ | Neurizer Ltd | 0.006 | 20.0 | 10,651,080 | $9,512,153 |
| AAU | Antilles Gold Ltd | 0.0035 | 16.7 | 1,285,000 | $4,384,283 |
| IS3 | I Synergy Group Ltd | 0.007 | 16.7 | 166,830 | $2,137,307 |
| ODE | Odessa Minerals Ltd | 0.0035 | 16.7 | 1,138,319 | $3,129,848 |
| OLI | Oliver'S Real Food | 0.014 | 16.7 | 10,086 | $5,288,783 |
| RLC | Reedy Lagoon Corp. | 0.0035 | 16.7 | 250,000 | $1,858,622 |
Yesterday’s Small Cap Winners included:
Tissue Repair (ASX:TRP) won the day on Thursday, with a great big new approval from the local TGA (Therapuetic Goods Admin), which in short says that TRP “has secured a TGA approval for TR Pro+TM the Company’s first advanced wound healing gel product containing the proprietary active ingredient, Glucoprime (0.1%), derived from yeast.” The TGA listing will help Tissue Repair and its approved yeast in 10g and 50g tubes and 3g sachets, to promote the co’s scientific and clinical data more broadly.
Athena Resources (ASX:AHN) was up on news the company has appointed a new non-executive chair in the formidable shape of ex-Wallaby hard man and resources guru John Welborn. The appointments follow the approval by shareholders of a $1 million Convertible Notes issue to Fenix Resources (ASX:FEX), where Welborn is king.
Amplia (ASX:ATX) went flying on news that that three patients enrolled in the Company’s Phase 2a clinical trial investigating its drug narmafotinib in the treatment of advanced pancreatic cancer (the ACCENT trial) have recorded a “confirmed partial response” – which translates to at least a 30% decrease in the overall size of tumour lesions and no new tumour lesions in these patients sustained over a two month period.
Dotz Nano (ASX:DTZ) was rising nicely late on Thursday, following what must have been a brilliant investor webinar in the morning, which I haven’t had time to sit down and watch yet, but I will one day, I promise.
Javelin Minerals (ASX:JAV) was performing well on the heels of news that its capital raising round has finally been completed, with the company banking more than $2 million (before costs) and issuing a bunch of shares in a manner that is far too complicated to unpack here.
Cluey (ASX:CLU) was making moves on Thursday: raising capital and expecting to hit profitability in CY2026. The edutech says its re-scaling ‘to achieve expected profitability is complete,’ after the implementation of a bunch of cost saving initiatives resulting in “a significant improvement in Group Cash Burn”, which means the company “expects to break-even during H2 FY25 and to be profitable thereafter.”
Also up nicely on Thursday morning was the wee explorer Pure Resources (ASX:PR1), which has entered into a binding option agreement to acquire the Reedy Creek Project located 90 kms north of Halls Creek, Western Australia. The project is a hard-rock, high-grade, outcropping industrial garnet deposit and consists of a live mining lease M80/416 that covers an area of 359.60ha and has been granted until 2038.
Delorean (ASX:DEL), a vertically integrated bio-energy focused operator of both renewable energy and waste management, picked up from where it left off on Tuesday when the company lifted FY24 earnings guidance, saying its strong results are largely thanks to high performing project delivery across the group.
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 |
|---|---|---|---|---|---|
| VPR | Voltgroupltd | 0.001 | -50.0 | 1,790,685 | $21,432,416 |
| 88E | 88 Energy Ltd | 0.002 | -33.3 | 5,433,776 | $86,678,016 |
| M2R | Miramar | 0.007 | -30.0 | 38,690,482 | $1,973,898 |
| AGY | Argosy Minerals Ltd | 0.035 | -28.6 | 38,499,884 | $71,340,126 |
| VHM | Vhmlimited | 0.43 | -25.9 | 260,062 | $89,436,161 |
| DOU | Douugh Limited | 0.003 | -25.0 | 6,000 | $4,328,276 |
| HCT | Holista CollTech Ltd | 0.007 | -22.2 | 2,916 | $2,509,201 |
| IR1 | Irismetals | 0.195 | -22.0 | 470,494 | $33,758,746 |
| QML | Qmines Limited | 0.04 | -21.6 | 813,398 | $11,495,044 |
| NUC | Nuchev Limited | 0.16 | -20.0 | 20,000 | $29,267,861 |
| EFE | Eastern Resources | 0.004 | -20.0 | 600,000 | $6,209,732 |
| EWC | Energy World Corpor. | 0.008 | -20.0 | 710,533 | $30,789,212 |
| LPD | Lepidico Ltd | 0.002 | -20.0 | 3,513,367 | $21,472,812 |
| ROG | Red Sky Energy. | 0.004 | -20.0 | 1,554,802 | $27,111,136 |
| SIH | Sihayo Gold Limited | 0.002 | -20.0 | 250,000 | $30,510,640 |
| SIS | Simble Solutions | 0.004 | -20.0 | 1,256,103 | $3,767,254 |
| CSX | Cleanspace Holdings | 0.38 | -19.1 | 28,554 | $36,367,891 |
| ASO | Aston Minerals Ltd | 0.009 | -18.2 | 2,141,245 | $14,245,707 |
| CR9 | Corellares | 0.009 | -18.2 | 30,000 | $5,116,017 |
| PIL | Peppermint Inv Ltd | 0.009 | -18.2 | 25,672,878 | $23,334,942 |
TRADING HALTS
Adisyn (ASX:AI1) – pending the release of an announcement in relation to a proposed capital raise.
Globe Metals & Mining (ASX:GBE) – an announcement in relation to the outcome of a proposed capital raising.
Canterbury Resources (ASX:CBY) – pending an announcement regarding a proposed capital raising.
Invictus Energy (ASX:IVZ) – pending an announcement concerning a strategic investment and capital raising.
Infini Resources (ASX:I88) – pending an announcement regarding a capital raising.
Black Canyon (ASX:BCA) – pending an announcement in relation to a proposed capital raise.
PolarX (ASX:PXX) – pending the release of an announcement in relation to a capital raising.
Bellevue Gold (ASX:BGL) – pending an announcement by the Company regarding a material capital raising.
Kalgoorlie Gold Mining (ASX:KAL) – pending the release of a Mineral Resource Estimate, and a capital raising.
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