Pic: Getty Images.
Rise and Shine: Everything you need to know before the ASX opens
News
share
Good morning everyone, and welcome to Thursday, September 19, 2024 – an important date in the history of Australian iconography.
That’s because it was on this day in 1912 wattle was declared Australia’s national flower and incorporated into the Commonwealth Coat of Arms.
What many people don’t realise is that wattle only narrowly beat close rivals for the job, the bindi and “a eucalypt tree on fire”, mostly because having the coat of arms featuring a burning tree would look dumb.
Plus, Australians had the forethought to realise the bindi wasn’t needed, since the role of PM would be played by a number of small pricks in the decades to come.
Luckily for you, you won’t have to petition the government to change the national anthem to a song about a heavily depressed sheep thief 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.
Before you go… it’s worth noting that today is International Talk Like a Pirate Day, so be sure to annoy your co-workers with as many questions about illegally downloading copyright material as you can.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,567.68/oz (-0.09%)
Silver: US$30.40/oz (-1.17%)
Nickel (3mth): US$15,950/t (+0.08%)
Copper (3mth): US$9.241/t (-0.25%)
Zinc: US$2,883/t (-0.92%)
Oil (WTI): US$69.60/bbl (-2.14%)
Oil (Brent): US$73.32/bbl (-0.62%)
Iron 62pc Fe: US$90.35/t (-2.02%)
AUD/USD: 0.6752 (+0.04%)
Bitcoin: US$60,373.00 (+0.11%)
WHAT GOT YOU TALKING
In this episode of Break it Down, host Sarah Hughan tells all on Torque Metals’ (ASX:TOR) maiden mineral resource estimate for its Paris Gold project in Western Australia’s Goldfields.
In this episode of Break it Down, host Sarah Hughan tells all on Torque Metals’ maiden mineral resource estimate for its Paris Gold project in Western Australia’s Goldfields. https://t.co/WrNHeuBP9i @Torque_Metals #ASX $TOR
— Stockhead (@StockheadAU) September 18, 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 |
|---|---|---|---|---|---|
| BPM | BPM Minerals | 0.093 | 86% | 16,519,391 | $3,356,111 |
| 88E | 88 Energy Ltd | 0.003 | 67% | 97,040,983 | $43,400,718 |
| MHK | Metalhawk. | 0.145 | 61% | 958,436 | $9,060,300 |
| AL8 | Alderan Resource Ltd | 0.003 | 50% | 667,000 | $2,545,723 |
| IVX | Invion Ltd | 0.003 | 50% | 30,016,580 | $13,533,183 |
| LSR | Lodestar Minerals | 0.002 | 50% | 1,614,667 | $3,372,329 |
| ERL | Empire Resources | 0.004 | 33% | 1,246,262 | $4,451,740 |
| SMM | Somerset Minerals | 0.004 | 33% | 36,116 | $3,092,996 |
| LRL | Labyrinth Resources | 0.024 | 31% | 3,162,422 | $24,199,008 |
| SNX | Sierra Nevada Gold | 0.052 | 30% | 7,705,816 | $4,918,653 |
| AQI | Alicanto Min Ltd | 0.022 | 29% | 806,955 | $12,718,430 |
| EP1 | E&P Financial Group | 0.465 | 27% | 29,036 | $86,753,233 |
| PEB | Pacific Edge | 0.145 | 26% | 513,642 | $93,370,337 |
| GTR | Gti Energy Ltd | 0.005 | 25% | 4,064,367 | $10,199,788 |
| LPD | Lepidico Ltd | 0.003 | 25% | 3,352 | $17,178,250 |
| NAE | New Age Exploration | 0.005 | 25% | 600,000 | $7,175,596 |
| PUR | Pursuit Minerals | 0.003 | 25% | 10,000,000 | $7,270,800 |
| TEG | Triangle Energy Ltd | 0.005 | 25% | 3,951,911 | $8,320,536 |
| VML | Vital Metals Limited | 0.003 | 25% | 25,338 | $11,790,134 |
| WML | Woomera Mining Ltd | 0.003 | 25% | 2,669 | $3,036,278 |
| DKM | Duketon Mining | 0.120 | 20% | 338,061 | $12,241,158 |
| AOA | Ausmon Resorces | 0.003 | 20% | 1,000,351 | $2,647,498 |
| ASR | Asra Minerals Ltd | 0.006 | 20% | 1,293,333 | $11,157,790 |
| AVE | Avecho Biotech Ltd | 0.003 | 20% | 200,000 | $7,923,243 |
Yesterday’s Small Cap Winners included:
BPM Minerals (ASX:BPM) was moving fast on Wednesday morning on news of high-grade initial drilling results from the second phase of drilling at the Louie Prospect, part of the Claw Gold Project in WA, where initial assays have returned 30m at 1.84g/t Au (from 25m) including 5m @ 7.12 g/t Au (from 35m).
88 Energy (ASX:88E) was up on news of a Significant Contingent Resource Update for Project Phoenix, with the Gross Best Estimate (2C) Contingent Resources increasing by over 50%, with an additional gross 128 million barrels of oil equivalent (MMBOE), 81 MMBOE Net Entitlement to 88E, added from the SMD-B and SFS reservoirs, comprising 115 million barrels (MMbbl) of Gross recoverable hydrocarbon liquids (oil and natural-gas liquids), 73 MMbbl Net Entitlement to 88 Energy; and 68 billion cubic feet (BCF) of Gross recoverable gas, 43 BCF Net Entitlement to 88 Energy.
Medtech Invion (ASX:IVX) was on the rise after it received a report authored by Scendea detailing a recently completed investigator-led Phase II prostate cancer trial using the photosensitiser INV043. The trial results showed that INV043 administered sublingually (under the tongue) has a solid safety profile and demonstrated promising efficacy signals three months post treatment, including 40% of patients showing a positive response as measured by the RECIST 1.1 standard, with 10% showing a complete response.
Metal Hawk (ASX:MHK) was up on news of an exploration update, with the company announcing that a UAV magnetic survey has been completed at Leinster South over prospective stratigraphy along the eastern limb of the Lawlers Anticline. But also, and probably more pertinently, resources influencer Tim Goyder emerged as a significant shareholder thanks to an ASX notice that revealed the Chalice and Liontown founder had accrued a 5.43% stake.
Hiremii (ASX:HMI) was rising on news that the company has received commitments from new professional and sophisticated investors to raise $600,000 (before costs) via a placement at $0.06 per share, a 33% premium to the company’s last closing price. The funds raised will be utilised for the continued development of the Hiremii AI driven recruitment platform, expansion of recruitment service and general working capital.
Paradigm Biopharmaceuticals (ASX:PAR) said it had received a detailed set of comments from the FDA following the Type D meeting response submitted in April 2024, which will progress its Phase 3 (PARA_OA_012) trial of iPPS for knee OA.
PAR said the regulatory body confirmed that its Phase 2 clinical data (PARA_005 and PARA_OA_008) supported the safety and tolerability of the twice-weekly 2 mg/kg dose, and that the clinical monitoring for adrenal effects would continue. The company said the FDA has also provided guidance on the use of the selected dosing regimen of 2 mg/kg iPPS, administered twice weekly.
Earlier, Sierra Nevada Gold (ASX:SNX) reported staking two additional areas prospective for high-grade silver-gold-copper-antimony near its Blackhawk Project, Nevada USA. Initial sampling has returned 1,880g/t Ag from a quartz stockwork zone at Crystal Peak and 31.2g/t Au from G Mine area associated with copper up to 4.94%, while outcropping quartz stockwork zone at Crystal Peak returned high-grade silver results of 1,880 g/t Ag, 752g/t Ag, 485g/t Ag, 427g/t Ag, 142g/t Ag & 141g/t Ag within a 60m x 30m densely quartz veined area.
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 |
|---|---|---|---|---|---|
| FAU | First Au Ltd | 0.001 | -33% | 300,000 | $2,717,990 |
| BNL | Blue Star Helium Ltd | 0.003 | -25% | 7,771,128 | $9,724,426 |
| TMX | Terrain Minerals | 0.003 | -25% | 61,750 | $7,064,115 |
| SRN | Surefire Rescs NL | 0.006 | -21% | 2,317,083 | $13,904,155 |
| ADD | Adavale Resource Ltd | 0.002 | -20% | 14,179 | $3,059,413 |
| FGH | Foresta Group | 0.004 | -20% | 6,474,086 | $11,776,895 |
| NAE | New Age Exploration | 0.004 | -20% | 950,200 | $8,969,495 |
| RGL | Riversgold | 0.004 | -20% | 1,818,731 | $6,637,313 |
| TX3 | Trinex Minerals Ltd | 0.002 | -20% | 2,800 | $4,571,631 |
| VML | Vital Metals Limited | 0.002 | -20% | 620,413 | $14,737,667 |
| AAJ | Aruma Resources Ltd | 0.017 | -19% | 2,491,736 | $4,663,222 |
| AD1 | AD1 Holdings Limited | 0.005 | -17% | 1,349,910 | $6,584,090 |
| AHN | Athena Resources | 0.005 | -17% | 400,000 | $6,422,805 |
| ASR | Asra Minerals Ltd | 0.005 | -17% | 857,017 | $13,389,348 |
| DTR | Dateline Resources | 0.005 | -17% | 1,318,077 | $14,968,079 |
| LPD | Lepidico Ltd | 0.003 | -17% | 4,597,002 | $25,767,375 |
| PUR | Pursuit Minerals | 0.003 | -17% | 36,491,832 | $10,906,200 |
| RLC | Reedy Lagoon Corp. | 0.003 | -17% | 3,954,144 | $1,858,622 |
| DAL | Dalaroometalsltd | 0.028 | -15% | 31,500 | $8,196,375 |
| ASV | Assetvisonco | 0.023 | -15% | 1,071,105 | $19,881,762 |
| TMK | TMK Energy Limited | 0.003 | -14% | 5,296,818 | $24,225,642 |
| NWF | Newfield Resources | 0.086 | -14% | 9 | $94,070,292 |
TRADING HALTS
Develop Global (ASX:DVP) – pending an announcement in relation to the execution of a material contract.
Trigg Minerals (ASX:TMG) – pending an announcement regarding a proposed acquisition.
Anson Resources (ASX:ASN) – pending the release of an announcement regarding a capital raising.
EBR Systems (ASX:EBR) – pending an announcement concerning a proposed capital raising.
At Stockhead, we tell it like it is. While Torque Metals was a Stockhead advertiser at the time of writing, it did not sponsor this article.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Read MoreMarkets
