Rise and Shine: Everything you need to know before the ASX opens

Good morning everyone, and welcome to August 27, 2024 – an important date in the history of how not to fly across the Atlantic.

It was on this day in 1783 that the first ever hydrogen balloon flight took place, with an unmanned “flight” reaching an altitude of 900 feet before being successfully winched back to earth.

That turned out to be roughly 500 feet further up than the ill-fated Hindenburg, which would burst into flames and end up killing 36 people some 154 years later – which is astonishing, given how insanely combustible hydrogen is… it’s a miracle it took as long as it did for the whole hydrogen airship gambit to come to a fiery end.

Luckily for you, you won’t have to burst into flames 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$2,510.31 (-0.07%)

Silver: US$29.73 (-0.34%)

Nickel (3mth): US$16,538/t (+1.29%)

Copper (3mth): US$9,173/t (+1.24%)

Zinc: US$2,841/t (+0.50%)

Oil (WTI): US$75.34 (+0.66%)

Oil (Brent): US$79.54 (+0.34%)

Iron 62pc Fe: US$99.35/t (+3.37%)

AUD/USD: 0.6775 (-0.08%)

Bitcoin: US$63,979.40 (-0.42%)

WHAT GOT YOU TALKING

If you missed yesterday’s Ten-Bagger column with Lowell Resources Fund chief investment officer John Forwood talking about where the value is lurking in our Resources sector, you don’t want to get left behind. Read it here, now:

Ten Bagger: Commodity bets are getting bearish and that’s often when the bull returns. Stockhead > https://t.co/c3EDbK6J6d pic.twitter.com/xKIferPIYT

— Stockhead (@StockheadAU) August 26, 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
KPO	Kalina Power Limited	0.011	120%	15,582,733	$12,431,970
ACW	Actinogen Medical	0.049	104%	114,620,090	$65,082,682
CNJ	Conico Ltd	0.002	100%	680,000	$2,201,528
GCM	Green Critical Min	0.004	75%	16,227,604	$2,937,085
FTZ	Fertoz Ltd	0.038	52%	56,245	$6,256,222
SFG	Seafarms Group Ltd	0.003	50%	549,890	$9,673,198
CT1	Constellation Tech	0.002	33%	645,562	$2,212,101
EDE	Eden Inv Ltd	0.002	33%	1,293,274	$6,162,314
ENT	Enterprise Metals	0.004	33%	292	$3,309,952
G6M	Group 6 Metals Ltd	0.032	28%	693,789	$25,100,571
ADG	Adelong Gold Limited	0.005	25%	433,378	$4,471,956
CRB	Carbine Resources	0.005	25%	70,000	$2,206,951
EEL	Enrg Elements Ltd	0.003	25%	258,197	$2,019,930
ICG	Inca Minerals Ltd	0.005	25%	140,000	$3,242,146
IVX	Invion Ltd	0.003	25%	254,696	$13,275,731
JAV	Javelin Minerals Ltd	0.003	25%	5,102,860	$8,553,692
SMM	Somerset Minerals	0.005	25%	15,286,779	$4,123,995
TAS	Tasman Resources Ltd	0.005	25%	33,500	$3,220,998
VML	Vital Metals Limited	0.003	25%	6,453,833	$11,790,134
WGR	Westerngoldresources	0.026	24%	350,000	$3,577,456
PPS	Praemium Limited	0.513	23%	4,457,621	$200,036,229
CZN	Corazon Ltd	0.006	20%	2,742,965	$3,339,528
VTX	Vertexmin	0.130	18%	1,893,957	$14,745,573
HMD	Heramed Limited	0.020	18%	2,476,170	$10,765,247
DYL	Deep Yellow Limited	1.175	18%	7,494,393	$969,457,541

Yesterday’s Small Cap Winners included:

Actinogen Medical (ASX:ACW) was climbing early on Monday after it announced ongoing analysis of the XanaCIDD phase 2a depression trial data “found a consistent benefit of Xanamem treatment on symptoms of depression in a variety of different endpoints”, which the company says supports the conclusion that a 10 mg dose of the drug is clinically active in controlling brain cortisol and has clinically significant antidepressant activity.

Kalina Power (ASX:KPO), a clean energy focused company, was up Monday morning on news that is has signed an MOU with a major US data centre developer to build AI-focused data centres in Alberta, Canada using natural gas with carbon capture. Kalina aims to capitalise on Alberta’s data centre boom and meet the growing electricity demand. The company says its low-CO2 power projects are well-suited to meet this demand.

Constellation Resources (ASX:CR1) was up after delivering its annual report, which is essentially a whole lot of ‘thumbs up’ for the company, which is in the process of diversifying into helium, and is currently enjoying “preferred applicant” status with the WA government for six Special Prospecting Authorities with an Acreage Option (“SPA-AO”) applications covering 56,192km2. “These first mover applications capture two basin scale opportunities that are considered highly prospective for natural hydrogen and helium,” the company says.

Critical minerals and base metals explorer Iltani Resources (ASX:ILT) was up on news that it is commencing follow-up exploration at its high-grade Antimony Reward deposit, part of the Herberton project in Northern Queensland, where historic drilling has already delivered intercepts such as 3m at 3.49% Sb from 62m including 2m at 5.51% Sb from 62m downhole.

Poseidon Nickel (ASX:POS) was rising after a rock-chip sampling program across its Black Swan and Lake Johnson projects firmed up gold prospectivity at both sites. At Black Swan, chip samples with grading up to 1.25g/t Au have come back from the lab, while soil results have successfully extended the Billy Ray Cu-Au soil anomaly into the largely untested Mantis tenement at Lake Johnson.

And Javelin Minerals (ASX:JAV) is celebrating a major boost to the Mineral Resource Estimate for its Coogee gold-copper project in Western Australia, which has ballooned by 158% to 3.65Mt at 1.08 g/t Au for 126,685 ounces of gold and 1.01Mt at 0.41% Cu containing 4,133t copper metal.

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	Name	Price	% Change	Volume	Market Cap
AVE	Avecho Biotech Ltd	0.002	-33%	1,064,676	$9,507,891
PUR	Pursuit Minerals	0.002	-33%	911,239	$10,906,200
HMG	Hamelingoldlimited	0.090	-28%	344,750	$19,687,500
EXL	Elixinol Wellness	0.003	-25%	175,051	$5,284,729
GMN	Gold Mountain Ltd	0.003	-25%	134,452	$15,629,893
OAR	OAR Resources Ltd	0.002	-25%	1,253,299	$6,601,669
CLG	Close Loop	0.238	-25%	6,580,004	$167,532,708
KLS	Kelsian Group Ltd	3.795	-24%	5,844,019	$1,351,591,743
CR9	Corellares	0.005	-23%	2,166,910	$3,023,101
BCB	Bowen Coal Limited	0.012	-20%	13,978,819	$42,737,687
88E	88 Energy Ltd	0.002	-20%	5,843,843	$72,334,530
ESR	Estrella Res Ltd	0.004	-20%	3,294,138	$8,796,859
MOM	Moab Minerals Ltd	0.004	-20%	300,000	$3,969,071
RIL	Redivium Limited	0.004	-20%	431,756	$13,654,274
RML	Resolution Minerals	0.002	-20%	10,391,026	$4,025,055
STM	Sunstone Metals Ltd	0.008	-20%	4,307,273	$38,519,036
ZMI	Zinc of Ireland NL	0.008	-20%	5,545	$2,131,443
IMI	Infinitymining	0.022	-19%	324,404	$3,206,342
FL1	First Lithium Ltd	0.120	-17%	240,557	$11,549,773
IXU	Ixup Limited	0.024	-17%	3,367,864	$44,884,825
NHF	NIB Holdings Limited	6.050	-17%	4,890,329	$3,526,516,086
AKN	Auking Mining Ltd	0.010	-17%	659,561	$3,824,244
FGH	Foresta Group	0.005	-17%	9,640,392	$14,132,274

TRADING HALTS

Bass Oil (ASX:BAS) – pending the announcement of results from Kiwi 1 Completion and commencement of the Extended Production Test in the Cooper Basin.

Riversgold (ASX:RGL) – pending an announcement regarding results from the Northern Zone Gold Project.

Macro Metals (ASX:M4M) – pending an announcement regarding exploration results at the Goldsworthy East Project.

Omega Oil & Gas (ASX:OMA) – pending the release of an announcement related to a material capital raising.

IXUP (ASX:IXU) – pending the release of an announcement related to a material business update.

Frontier Energy (ASX:FHE) – requested in connection with a proposed capital raising.

Energy Resources of Australia (ASX:ERA) – pending the release of an announcement in relation to a capital raising.

At Stockhead, we tell it like it is. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.