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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 September 5, 2024 – an important date in the history of the Morrisonesque practice of giving yourself an important new job ‘because you felt like it, that’s why’.
That’s because it was on this day in 1550, that William Cecil named himself English minister of foreign affairs, after working for Queen Mary I and cementing his place in the Royal court by being rather good at Renaissance era politics.
Cecil would go on to serve Queen Elizabeth I for many years as her most trusted advisor, before being brilliantly spun out as major TV character Lord Melchett in Blackadder II, played by Stephen Fry.
Luckily for you, you won’t have unilaterally declare yourself to be a VIP 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$2,494.22 (+0.07%)
Silver: US$28.03 (-0.14%)
Nickel (3mth): US$16,281/t (-0.62%)
Copper (3mth): US$8,856/t (-2.22%)
Zinc: US$2,749/t (-0.62%)
Oil (WTI): US$69.90 (-0.49%)
Oil (Brent): US$73.36 (-0.46%)
Iron 62pc Fe: US$93.75/t (+0.14%)
AUD/USD: 0.6705 (-0.01%)
Bitcoin: US$$56,720.80 (-1.38%)
WHAT GOT YOU TALKING
Why is hydrogen developer Hyterra Guy Le Page’s most interesting stock this week? You’ll need to watch this to find out…
Tune in to this episode of Guy on Rocks to find out why white hydrogen developer HyTerra is Guy Le Page’s stock of the week.https://t.co/EVO5bN1HuI #ASX $HYT @HyTerra_ASX
— Stockhead (@StockheadAU) September 3, 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 |
|---|---|---|---|---|---|
| EMS | Eastern Metals | 0.032 | 52% | 2,351,624 | $2,387,201 |
| IBG | Ironbark Zinc Ltd | 0.003 | 50% | 544,716 | $3,667,296 |
| CYQ | Cycliq Group Ltd | 0.004 | 33% | 130,000 | $1,336,550 |
| GTR | Gti Energy Ltd | 0.004 | 33% | 1,649,099 | $7,649,841 |
| NES | Nelson Resources. | 0.004 | 33% | 1,000,000 | $1,840,783 |
| ASO | Aston Minerals Ltd | 0.013 | 30% | 1,379,881 | $12,950,643 |
| PR1 | Pureresourceslimited | 0.105 | 30% | 154,474 | $3,556,948 |
| 88E | 88 Energy Ltd | 0.003 | 25% | 37,798,804 | $57,867,624 |
| BYH | Bryah Resources Ltd | 0.005 | 25% | 200,000 | $2,013,147 |
| WML | Woomera Mining Ltd | 0.003 | 25% | 615,110 | $3,036,278 |
| OZM | Ozaurum Resources | 0.043 | 23% | 1,352,075 | $5,556,250 |
| AZI | Altamin Limited | 0.035 | 21% | 60,000 | $12,726,622 |
| FHS | Freehill Mining Ltd. | 0.006 | 20% | 20,000 | $15,392,639 |
| MOH | Moho Resources | 0.006 | 20% | 4,532,425 | $2,695,891 |
| OEQ | Orion Equities | 0.175 | 17% | 51 | $2,347,384 |
| SP8 | Streamplay Studio | 0.007 | 17% | 732 | $6,903,743 |
| MHK | Metalhawk. | 0.087 | 16% | 213,964 | $7,550,250 |
| EOF | Ecofibre Limited | 0.031 | 15% | 47,794 | $10,229,595 |
| 1AI | Algorae Pharma | 0.008 | 14% | 4,285 | $11,811,763 |
| CTQ | Careteq Limited | 0.016 | 14% | 1,072,152 | $3,319,662 |
| MRQ | Mrg Metals Limited | 0.004 | 14% | 11,200 | $9,490,315 |
| WSR | Westar Resources | 0.008 | 14% | 81,517 | $2,791,074 |
| Z2U | Zoom2Utechnologies | 0.088 | 14% | 2,386 | $14,921,516 |
| ALM | Alma Metals Ltd | 0.009 | 13% | 880,588 | $11,593,650 |
| HLX | Helix Resources | 0.005 | 13% | 4,045,000 | $13,056,775 |
Yesterday’s Small Cap Winners included:
Augustus Minerals (ASX:AUG) was rising nicely on Wednesday morning, on news that the company has found a 1km-long stretch of mineralised zone associated with quartz veining, malachite (secondary copper carbonate mineral) and iron oxide after weathered sulphide minerals, 3.7km from its existing Claudius (6.6% Cu, 86ppm Ag) discovery at the Ti Tree project. Rock chip analysis from the new site has returned copper grades up to 3.1% and silver grade up to 11g/t, with the new find now bearing the name Nero.
Lithium Australia (ASX:LIT) was up on news that it has signed a new exclusive agreement with Chinese EV maker BYD Auto to provide battery recycling services for all New Energy vehicles end-of life batteries in Australia. The exclusive agreement has an initial term of three years, and the company expects to significantly increase large-format lithium-ion battery collection volumes, given the scale of BYD Auto as it expands into the Australian market.
Lachlan Star (ASX:LSA) was on the move in the latter part of the morning session, after it published its presentation for the Resources Rising Stars Gold Coast Investor Conference, which kicked off yesterday in Queensland. Lachlan CEO Andrew Tyrrell talked up the company’s Basin Creek Prospect, a near-surface high-grade copper drill target on the Gilmore Suture Zone, which has historical drilling results that include 21.3m at 4.51% Cu, incl. 9.2m at 1.23% Cu and 4.6m at 18.54% Cu.
Earlier, Marquee Resources (ASX:MQR) was up on news that a site in Italy it has options to acquire – the high-grade Sa Pedra Bianca Gold and Silver Project located in northern Sardinia, Italy – has returned antimony grades of up to 6.5% Sb from historical channel sampling and exploratory drilling. Work is being undertaken by an Italian private company recently incorporated to conduct the business activities associated with the project, with Marquee expecting to begin its own exploration in 3-6 months.
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 |
|---|---|---|---|---|---|
| IEC | Intra Energy Corp | 0.001 | -50% | 15,001,000 | $3,381,563 |
| LSR | Lodestar Minerals | 0.001 | -33% | 7,789,000 | $3,976,170 |
| EDE | Eden Inv Ltd | 0.002 | -25% | 10,000 | $8,216,419 |
| POS | Poseidon Nick Ltd | 0.003 | -25% | 6,212,170 | $16,727,902 |
| SMM | Somerset Minerals | 0.003 | -25% | 300,000 | $4,123,995 |
| TMK | TMK Energy Limited | 0.003 | -25% | 10,493,280 | $27,686,448 |
| IMI | Infinitymining | 0.014 | -22% | 511,163 | $2,137,561 |
| FGH | Foresta Group | 0.004 | -20% | 7,791,451 | $11,776,895 |
| GCM | Green Critical Min | 0.002 | -20% | 250,000 | $3,671,357 |
| RFT | Rectifier Technolog | 0.008 | -20% | 416,990 | $13,819,839 |
| RML | Resolution Minerals | 0.002 | -20% | 12,785,707 | $4,025,055 |
| SKN | Skin Elements Ltd | 0.004 | -20% | 600,000 | $2,947,430 |
| CC9 | Chariot Corporation | 0.110 | -19% | 123,307 | $12,099,761 |
| SES | Secos Group Ltd | 0.018 | -18% | 38,213 | $13,125,421 |
| NXS | Next Science Limited | 0.200 | -17% | 216,488 | $70,118,456 |
| TON | Triton Min Ltd | 0.008 | -17% | 810,196 | $14,115,499 |
| AL8 | Alderan Resource Ltd | 0.003 | -17% | 500,000 | $3,818,584 |
| ODE | Odessa Minerals Ltd | 0.003 | -17% | 1,200,004 | $3,129,848 |
| PUR | Pursuit Minerals | 0.003 | -17% | 309,268 | $10,906,200 |
| ROG | Red Sky Energy. | 0.005 | -17% | 758,888 | $32,533,363 |
| T3D | 333D Limited | 0.005 | -17% | 201,500 | $716,670 |
| VR1 | Vection Technologies | 0.010 | -17% | 12,799,248 | $13,519,068 |
| XPN | Xpon Technologies | 0.010 | -17% | 397,416 | $4,349,298 |
TRADING HALTS
Gratifii (ASX:GTI) – pending the release of an announcement in respect of a material acquisition and a pending accelerated entitlement offer.
Lumos Diagnostics (ASX:LDX) – pending an announcement in relation to a capital raising in the form of a pro-rata accelerated non-renounceable entitlement offer.
Prominence Energy (ASX:PRM) – pending an announcement with regards to a proposed capital raising.
Nexus Minerals (ASX:NXM) – pending an announcement to the market regarding a capital raising to sophisticated and professional investors.
Golden Deeps (ASX:GED) – pending an announcement to the market 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.
