A happy Wednesday morning to you all, and welcome to the 2nd of August, on a day when many Australians will be breathing a sigh of relief thanks to the RBA board’s decision to give some small measure of budgetary wiggle room by keeping the cash rate on hold.

It’s not all fantastic news, though, because Phillip Lowe’s already making noises about at least one more hike in the coming months.

“Some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe, but that will depend upon the data and the evolving assessment of risks,” Lowe said yesterday.

“In making its decisions, the Board will continue to pay close attention to developments in the global economy, trends in household spending, and the outlook for inflation and the labour market.”

For what it’s worth, Lowe reckons the board kept rates on hold to give it more time to think about the near-ceaseless parade of rate hikes inflicted on local borrowers since May 2022, which left the cash rate at 4.1%.

As always, there’s plenty of info to sink your teeth into pre-market, including Earlybird Eddy’s round up of which stocks did best in July, and Nadine McGrath’s look at a a return to the golden age of mininging shiny stuff in Victoria.

Elsewhere, Josh Chiat has been slowly digesting fresh data from the International Energy Agency, which reckons that all of the work being done by European countries to phase out coal is likely to be completely undone by a predicted 5% jump in demand, because of India and China.

To get your day started off right, here’s the data and digits and other fine things you should probably get your head around before things kick off at 10:00am.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1943.66 (-1.05%)

Silver: $US24.30 (-1.90%)

Nickel (3mth): $US22,235/t (-0.26%)

Copper (3mth): $US8,636/t (-2.31%)

Oil (WTI): $US81.37 (-0.53%)

Oil (Brent): $US85.78 (+0.22%)

Iron 62pc Fe: $US108.32/t (-3.68%)

AUD/USD: 0.6618  (+0.1%)

Bitcoin: $US29,194 (-0.10%)

 

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
VMM Viridismining 0.46 84% 3,670,367 $7,802,250
ECG Ecargo Hldg 0.03 71% 373,281 $10,766,875
GFN Gefen Int 0.006 50% 517,899 $513,119
MTL Mantle Minerals Ltd 0.002 33% 1,075,000 $9,221,169
CTO Citigold Corp Ltd 0.005 25% 109,814 $11,494,636
DCX Discovex Res Ltd 0.0025 25% 33,333 $6,605,136
W2V Way2Vatltd 0.016 23% 9,264,324 $8,162,346
OXT Orexploretechnologie 0.05 22% 70,061 $4,250,232
IMR Imricor Med Sys 0.58 21% 455,816 $74,271,771
BBN Baby Bunting Grp Ltd 2 20% 2,615,182 $224,619,304
KGD Kula Gold Limited 0.018 20% 173,421 $5,598,179
MXC Mgc Pharmaceuticals 0.003 20% 4,151,244 $9,730,899
PUA Peak Minerals Ltd 0.003 20% 358,722 $2,603,442
KZA Kazia Therapeutics 0.155 19% 41,186 $30,723,469
HMY Harmoney Corp Ltd 0.445 19% 303,564 $38,083,345
OLL Openlearning 0.035 17% 160,119 $8,036,072
AJL AJ Lucas Group 0.014 17% 4,796,607 $16,508,756
ATH Alterity Therap Ltd 0.007 17% 85,609 $14,639,386
OAU Ora Gold Limited 0.007 17% 1,385,285 $26,621,551
EQX Equatorial Res Ltd 0.18 16% 254,884 $20,296,530
BNZ Benzmining 0.405 16% 252,306 $38,473,741
MXR Maximus Resources 0.038 15% 554,354 $10,528,840
NWC New World Resources 0.038 15% 10,697,488 $69,481,237
GRE Greentechmetals 0.345 15% 1,345,096 $16,978,667
CCX City Chic Collective 0.51 15% 1,204,069 $103,204,438
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Yesterday’s Small Caps standouts were:

Viridis Mining and Minerals (ASX:VMM): We told you about this one in Top Resources 4, so we suggest you head there for the info in brief. But even more briefly…

Viridis started well, and ended well yesterday, registering all time highs after announcing the acquisition a significant ionic clay (IAC) rare earths deposit.

Imricor Medical Systems (ASX:IMR): The health-tech stock (focused on MRI-compatible devices to, for example, aid cardiac-ablation procedures) was up on a medical ethics committee approval to trial VISABL-VT, a cardiac arrest study. More here, from Eddy.

Baby Bunting (ASX:BBN): Up on news that the company’s unaudited pro forma NPAT result is towards the upper end of the FY23 guidance provided on 6 June 2023, of $13.5 million to $15.0 million. See Gregor’s Lunch Wrap for more.

 

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
CLE Cyclone Metals 0.001 -50% 4,971,108 $20,529,010
ABPDA Abacus Property Grp. 1.375 -48% 648,372 $2,377,129,304
NYR Nyrada Inc. 0.033 -34% 472,770 $7,800,435
ACS Accent Resources NL 0.008 -27% 46,796 $5,204,400
ID8 Identitii Limited 0.017 -26% 8,680,918 $4,894,365
MTH Mithril Resources 0.0015 -25% 153,005 $6,737,609
PIL Peppermint Inv Ltd 0.006 -25% 3,155,690 $16,302,855
SCL Schrole Group Ltd 0.225 -25% 1,297 $10,700,276
STA Strandline Res Ltd 0.17 -23% 17,896,309 $275,635,506
MOB Mobilicom Ltd 0.012 -20% 1,946,145 $19,900,150
JTL Jayex Technology Ltd 0.008 -20% 384,177 $2,812,785
NWM Norwest Minerals 0.042 -19% 2,820,044 $14,436,995
SKF Skyfii Ltd 0.047 -19% 626,887 $24,341,913
TPD Talon Energy Ltd 0.155 -18% 26,225,460 $119,215,100
AAP Australian Agri Ltd 0.014 -18% 169,574 $5,186,691
NNG Nexion Group 0.014 -18% 100,005 $3,439,234
SVG Savannah Goldfields 0.075 -18% 226,494 $17,822,208
R3D R3D Resources Ltd 0.043 -17% 472,844 $7,573,882
DTZ Dotz Nano Ltd 0.2 -17% 240,190 $111,893,428
BNO Bionomics Limited 0.01 -17% 8,518,704 $17,624,825
EEL Enrg Elements Ltd 0.005 -17% 4,646,582 $6,055,405
EFE Eastern Resources 0.01 -17% 819,054 $14,903,358
NES Nelson Resources. 0.005 -17% 1,100,004 $3,681,566
PRX Prodigy Gold NL 0.005 -17% 142,180 $10,506,647
EOF Ecofibre Limited 0.18 -16% 557,500 $75,081,128
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TRADING HALTS

State Gas (ASX:GAS) – Capital raising.

BOD Science (ASX:BOD) – Capital raising.

Cooper Metals (ASX:CPM) – Capital raising.

Future Battery Minerals (ASX:FBM) – Pending an announcement regarding exploration results.

Rex Minerals (ASX:RXM) – Capital raising.

Genmin (ASX:GEN) – An announcement is coming relating to the approval of an environmental permit for the company’s 100% owned Baniaka iron ore project in Gabon.

Pan Asia Metals (ASX:PAM) – A placement equity raise is in the works.

Aeris Environmental (ASX:AEI)  – Some info is pending regarding debt financing and an operational update.

Codan (ASX:CDA) – Pending a material announcement regarding a proposed acquisition, which is awaiting a final regulatory approval in the UK.

Besra Gold (ASX:BEZ) – The goldie has some board changes it’s planning on announcing to the market.

WA Kaolin (ASX:WAK) – Pending an announcement regarding a significant corporate transaction with the company’s offtake partner.

 

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