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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 August 2, 2024 – an important date in the history of numismatism. (Look it up. I had to.)
It was on this day in 1909 that the US Mint in Philadelphia churned out the world’s first Lincoln Cent, a coin featuring a bust of former US President Abraham Lincoln looking rather stern.
It’s little wonder, though – he was, by all accounts, a man who took very little guff from those around him, be they man or beast.
It made a nice change from other Great Men of America™ likenesses on US currency, after the $1 note was released in 1896 with a lovely picture of the first US President, George Washington, painted just after he got back from getting his hair done at a salon.
In 1914, the first $100 bill with founding father Benjamin Franklin went into circulation, looking – perhaps as a portent of things to come – like he’s seriously disappointed at what the eternal quest for his banknotes has made America become.
It’s like he knows that he’s about to be rolled up into a tube and used in a nefarious way in a New York nightclub bathroom.
Thankfully, you won’t need to hand over a Benjamin, a US single or even a Lincoln penny in order to get your hands on good pre-market info today.
That’s because – as always – we’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$2,448.30/oz (-1.13%)
Silver: US$28.89/oz (-0.17%)
Nickel (3mth): US$16,253/t (+2.89%)
Copper (3mth): US$9,178/t (+0.93%)
Zinc: US$2,615/t (+1.75%)
Oil (WTI): US$79.66/bbl (+0.96%)
Oil (Brent): US$81.51/bbl (+0.98%)
Iron 62pc Fe: US$102.25/t (+1.32%)
AUD/USD: 0.6528 (-0.26%)
Bitcoin: US$64,216.90 (-0.61%)
WHAT GOT YOU TALKING
Josh Chiat has ventured out into the big, wide world to catch up with Alex Dorsch from Chalice Mining to talk about electric cars and digging big holes in the ground. It’s great and you should read it.
#Hybrid #car #sales and likely #supply cuts have @ChaliceMining‘s Alex Dorsch hopeful its Gonneville discovery can become a #palladium producer. | #ASX $CHN https://t.co/zjlaoEwiJC
— Stockhead (@StockheadAU) July 31, 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 |
|---|---|---|---|---|---|
| EEL | Enrg Elements Ltd | 0.0035 | 75.0 | 51,533,189 | $2,019,930 |
| BP8 | Bph Global Ltd | 0.003 | 50.0 | 127,650 | $793,283 |
| RIE | Riedel Resources Ltd | 0.0015 | 50.0 | 807,640 | $2,223,836 |
| BEZ | Besragoldinc | 0.087 | 45.0 | 7,946,285 | $25,086,054 |
| APC | Aust Potash Ltd | 0.002 | 33.3 | 250,000 | $6,105,284 |
| EXL | Elixinol Wellness | 0.004 | 33.3 | 133,100 | $3,963,547 |
| HCD | Hydrocarbon Dynamic | 0.004 | 33.3 | 150,706 | $2,425,747 |
| OVT | Ovanti Limited | 0.004 | 33.3 | 2,539,182 | $3,720,316 |
| SHO | Sportshero Ltd | 0.004 | 33.3 | 128,681 | $1,853,499 |
| SI6 | SI6 Metals Limited | 0.002 | 33.3 | 750,000 | $3,553,289 |
| KAI | Kairos Minerals Ltd | 0.011 | 29.4 | 24,027,698 | $22,277,754 |
| AMS | Atomos | 0.046 | 27.8 | 6,671,203 | $43,691,843 |
| EFE | Eastern Resources | 0.005 | 25.0 | 350,000 | $4,967,786 |
| ME1 | Melodiol Glb Health | 0.0025 | 25.0 | 3,593,782 | $1,215,473 |
| PPG | Pro-Pac Packaging | 0.085 | 21.4 | 4,506 | $12,718,140 |
| NC6 | Nanollose Limited | 0.023 | 21.1 | 335,891 | $3,268,121 |
| XGL | Xamble Group Limited | 0.029 | 20.8 | 2,000 | $7,107,770 |
| H2G | Greenhy2 Limited | 0.006 | 20.0 | 79,598 | $2,990,921 |
| CUS | Coppersearchlimited | 0.071 | 18.3 | 740,125 | $6,815,124 |
| BPP | Babylon Pump Power | 0.0065 | 18.2 | 13,144,927 | $13,747,520 |
Yesterday’s Small Cap Winners included:
Besra Gold (ASX:BEZ) was climbing well on Thursday morning, apparently on the news that the company has appointed Mine Development Specialist Matthew Antill as managing director of Besra’s Malaysian operating subsidiary, North Borneo Gold Sdn Bhd where he will head the mining and development team.
“Antill’s career spans over three decades in mining and mine development, with significant senior operational management experience and oversight of studies in both open pit and underground operations. He specialises in gold, including refractory and narrow vein operations,” the company says.
Buxton Resources (ASX:BUX) was on the move after announcing that the 2024 field season has commenced in the West Kimberley, with an extensive program of diamond drilling planned the Dogleg Ni-Cu-Co Prospect and MLEM surveys across the wider Quick Shears Project area.
ENRG Elements (ASX:EEL) was also climbing on Thursday morning, after the company announced that it has acquired the Lamont Lake uranium exploration project in Saskatchewan, Canada.
The company says historical geological data from the project indicates shallow mineralisation and potential for significant resource development, with historical data showing shallow grade mineralisation occurs from near-surface to 57m and with grades of between 0.02% and 0.5% U3O8.
The smart building materials company ClearVue Technologies (ASX:CPV) says it’s just hit the lucrative Middle East and Indian construction markets by signing an agreement with Alutec, Qatar’s largest glass processor and façade manufacturer and a group company under Aria Holding.
The breakthrough Five-year deal consists of manufacturing and distribution partnership for ClearVuePV unique Solar Glazing and Insulated Glass Units (IGUs) in Alutec’s key markets, and opens access for CPV into the booming construction sector across Qatar, The UAE, and Saudi Arabia – which CPV notes has been projected to clock US$240 billion by 2029. The Indian construction sector is thought to hit $1.4 trillion by next year.
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 |
|---|---|---|---|---|---|
| MHC | Manhattan Corp Ltd | 0.001 | -40.0 | 1,155,291 | $4,894,770 |
| MTB | Mount Burgess Mining | 0.001 | -33.3 | 2,495,012 | $1,947,220 |
| BNL | Blue Star Helium Ltd | 0.005 | -28.6 | 4,182,285 | $13,614,197 |
| VPR | Voltgroupltd | 0.0015 | -25.0 | 321,319 | $21,432,416 |
| GR8 | Great Dirt Resources | 0.15 | -25.0 | 1,994 | $5,815,252 |
| 1CG | One Click Group Ltd | 0.01 | -23.1 | 6,468,013 | $9,141,325 |
| ENV | Enova Mining Limited | 0.007 | -22.2 | 3,565,177 | $8,621,364 |
| FGH | Foresta Group | 0.007 | -22.2 | 11,221,079 | $21,198,411 |
| 1AI | Algorae Pharma | 0.008 | -20.0 | 2,316,872 | $16,873,947 |
| AVE | Avecho Biotech Ltd | 0.002 | -20.0 | 158 | $7,923,243 |
| BUY | Bounty Oil & Gas NL | 0.004 | -20.0 | 510,000 | $7,492,505 |
| CTO | Citigold Corp Ltd | 0.004 | -20.0 | 5,700,000 | $15,000,000 |
| CR1 | Constellation Res | 0.13 | -18.8 | 6,992 | $9,842,202 |
| ENL | Enlitic Inc. | 0.11 | -18.5 | 182,945 | $10,626,475 |
| MMM | Marley Spoon Se | 0.022 | -18.5 | 218,870 | $3,178,559 |
| SPQ | Superior Resources | 0.009 | -18.2 | 3,978,133 | $22,013,425 |
| MOZ | Mosaic Brands Ltd | 0.057 | -17.4 | 978,402 | $12,316,944 |
| PVT | Pivotal Metals Ltd | 0.015 | -16.7 | 54,014 | $12,674,129 |
| GGE | Grand Gulf Energy | 0.005 | -16.7 | 12,483,009 | $12,571,482 |
| SHP | South Harz Potash | 0.01 | -16.7 | 253,161 | $9,926,220 |
TRADING HALTS
Altech Batteries (ASX:ATC) – pending the release of an announcement in relation to a capital raising.
Rare Foods Australia (ASX:RFA) – pending the release of an announcement with respect to a restructuring of senior management within the company.
Heavy Minerals (ASX:HVY) – pending the release of details regarding further royalty funding and a capital raising.
Botala Energy (ASX:BTE) – pending an announcement in respect of a proposed capital raising.
Dreadnought Resources (ASX:DRE) – pending a release regarding a capital raising.
FBR (ASX:FBR) – pending an announcement in respect of a proposed capital raising.
Gold Mountain (ASX:GMN) – pending an announcement in respect of a proposed capital raising.
Red Mountain Mining (ASX:RMX) – for the purposes of considering, planning and executing a capital raising.
NeuRizer (ASX:NRZ) – pending an announcement in relation to a capital raise.
Allup Silica (ASX:APS) – pending an announcement regarding the acquisition of an asset and a capital raising.
