Good morning everyone, and welcome to Wednesday, September 25, 2024 – an important date in the history of public transportation.

That’s because on this day in 1897, the “first-ever British bus service” began operation in London, ferrying Arsenal fans to Wembley to watch their team get destroyed by half a dozen tea ladies and a one-legged bloke from the pub.

The launch of the service was, remarkably, caught on film – and I’ve got the archival footage for everyone to enjoy.

 

 

Luckily for you, you won’t actually have to sit through the horror of an entire episode of On the Buses 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$2,635.30 (+0.25%)

Silver: US$31.05 (+1.14%)

Nickel (3mth): US$16,366/t (+1.01%)

Copper (3mth): US$9,413/t (+0.20%)

Zinc: US$2,838/t (-0.81%)

Oil (WTI): US$71.12 (+0.57%)

Oil (Brent): US$74.55 (+0.30%)

Iron 62pc Fe: US$93.40/t (+4.40%)

AUD/USD: 0.6859 (+0.39%)

Bitcoin: US$63,312.49 (-0.44%)

 

WHAT GOT YOU TALKING

What sent some of our beloved ressies up the ladder yesterday? Read this to find out…

 

 

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
MTH Mithril Silver Gold 0.328 60% 13,835,305 $21,130,626
SMS Starmineralslimited 0.049 48% 1,671,463 $3,125,852
BGE Bridgesaaslimited 0.014 40% 250,000 $1,227,304
MEL Metgasco Ltd 0.004 33% 250,491 $4,342,760
RFA Rare Foods Australia 0.016 33% 1,275,975 $3,263,799
SIS Simble Solutions 0.004 33% 4,388,051 $2,260,352
ESR Estrella Res Ltd 0.009 29% 1,720,027 $12,723,936
PIM Pinnacleminerals 0.055 28% 237,072 $1,954,923
ATX Amplia Therapeutics 0.125 26% 708,198 $27,205,033
88E 88 Energy Ltd 0.003 25% 3,519,701 $57,867,624
AMD Arrow Minerals 0.003 25% 8,895,016 $25,378,730
EEL Enrg Elements Ltd 0.003 25% 1,592,003 $2,090,032
PUR Pursuit Minerals 0.003 25% 3,616 $7,270,800
BDG Black Dragon Gold 0.017 21% 371,921 $3,745,247
AD1 AD1 Holdings Limited 0.006 20% 255,657 $5,486,742
GCM Green Critical Min 0.003 20% 95,000 $3,671,357
TMG Trigg Minerals Ltd 0.024 20% 33,041,196 $9,360,026
TZL TZ Limited 0.024 20% 95,000 $5,131,662
SUH Southern Hem Min 0.019 19% 838,208 $11,779,841
ALY Alchemy Resource Ltd 0.007 17% 2,302,947 $7,068,458
AOK Australian Oil. 0.004 17% 523,188 $2,833,920
CDT Castle Minerals 0.004 17% 3,741,667 $4,118,442
POS Poseidon Nick Ltd 0.004 17% 3,946,555 $12,611,626
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Yesterday’s Small Cap Winners included:

Element 25 (ASX:E25) was up on exciting news that it has been selected for award negotiations for a US$166 million grant from the US Department of Energy (DoE) under the Battery Materials Processing Grant Program. The funding will support the construction of Element’s proposed battery-grade high-purity manganese sulphate monohydrate (HPMSM) facility in Louisiana, USA, and the funding is additional to the US$115 million already committed by offtake partners General Motors and Stellantis.

Recent diamond drilling has confirmed a thick zone of antimony copper mineralisation at West Cobar Metals’ (ASX:WC1) Bulla Park project. The drilling supports further confidence of a large antimony copper system at Bulla Park, alongside previous drilling results that include 33m at 0.47% Cu and 0.15% Sb from 229m.

Online retailer Cettire (ASX:CTT) was up after the company delivered a banger of an annual report, which includes news that it has managed to achieve sales revenue of $742 million, an increase of 78% above last year’s result. Cettire’s online stores now boast 692,000 active users, who have contributed to a 61% increase in gross revenue from return business.

Clover Corp (ASX:CLV) was up, despite delivering an annual report this morning that showed a total revenue of $62.2 million which was in line with guidance, but also marked a decline from the previous year’s $79.9 million. Clover also reported that net profit after tax (NPAT) also saw a significant drop, falling to $1.5 million from $6.2 million in FY23.

E&P Financial Group (ASX:EP1) was up this morning after the company dropped a grab-bag of announcements, first informing the market that it has finalised a $12.5 million conditional placement of 125,000 convertible notes at a face value of $100 per note, mandatorily convertible into fully paid ordinary shares at a conversion price of $0.52, together with free-attaching options to wholesale investors.

That was quickly followed by news that the company has officially requested to voluntarily de-list from the ASX, subject to the results of an extraordinary General Meeting, which was announced immediately after the second announcement, at which shareholders will also vote on a proposed an off-market equal access buy-back for up to $25,000,000.

American Rare Earths (ASX:ARR) jumped on news that its 100% owned subsidiary Wyoming Rare has received a non-binding Letter of Interest from the Export-Import Bank of the United States for up to US$456 million in a debt-financing package for the construction and execution phase of the Cowboy State Mine area at the Halleck Creek Project. The facility has a 15-year repayment term under the bank’s Make More In America Initiative.

Earlier, Poseidon Nickel (ASX:POS) was up after it reported finding several gold anomalies extending over multiple soil traverses (between 400m to 800m) following reconnaissance soil sampling at its Black Swan project. The company also said a coherent gold anomaly has been defined (up to 54ppb Au) that is 1.4km by 1km in size and remains open to the south at its Wilson’s prospect.

 

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
OVT Ovanti Limited 0.003 -25% 23,419,786 $6,225,393
RBR RBR Group Ltd 0.002 -25% 8,250,000 $3,268,809
SI6 SI6 Metals Limited 0.002 -25% 328,987 $4,737,719
FSG Field Solu Hldgs Ltd 0.015 -25% 992,770 $15,468,891
PNT Panthermetalsltd 0.018 -25% 2,640,858 $2,091,988
BLG Bluglass Limited 0.023 -21% 5,630,473 $53,262,660
EXL Elixinol Wellness 0.004 -20% 27,908 $6,605,912
GTI Gratifii 0.004 -20% 3,013,784 $10,745,981
GTR Gti Energy Ltd 0.004 -20% 6,885,116 $12,749,735
ODE Odessa Minerals Ltd 0.002 -20% 41,833 $2,608,206
RIL Redivium Limited 0.004 -20% 160,000 $13,734,274
WML Woomera Mining Ltd 0.002 -20% 1,941,896 $3,795,347
TOR Torque Met 0.082 -18% 130,964 $18,843,893
GMN Gold Mountain Ltd 0.003 -17% 1,060,008 $11,722,420
BIM Bindimetalslimited 0.088 -16% 315,706 $3,386,250
EQX Equatorial Res Ltd 0.105 -16% 22,185 $16,430,669
OCN Oceanalithiumlimited 0.033 -15% 50,755 $3,217,422
DOU Douugh Limited 0.003 -14% 187,500 $3,787,241
M24 Mamba Exploration 0.012 -14% 141,772 $2,633,152
NRZ Neurizer Ltd 0.003 -14% 24,000,522 $7,633,918
PLG Pearlgullironlimited 0.012 -14% 51,102 $2,863,585
SS1 Sun Silver Limited 0.760 -13% 2,355,541 $60,969,125
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TRADING HALTS 

Cassius Mining (ASX:CMD) – pending a further announcement in relation to the Soalara Limestone Project in Madagascar.

Pacgold (ASX:PGO) – pending an announcement to the market in connection with a capital raising.

IXUP (ASX:IXU) – pending an announcement regarding a proposed capital raising.

Godolphin Resources (ASX:GRL) – pending an announcement to the market in relation to a capital raising.

Lachlan Star (ASX:LSA) – pending an announcement in respect of a capital raising.

FireFly Metals (ASX:FFM) – pending the release of an announcement regarding a capital raising.

Mantle Minerals (ASX:MTL) – pending the release of a fundraising and exploration update.

 

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.

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