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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 Monday, October 14, 2024 – an important date in the history of blowing stuff up.
That’s because this date is home to an extraordinary number of nuclear bomb tests over several decades, which are (in order):
- 1958 – Great Britain performs nuclear test at Emu Field, Australia
- 1958 – US performs nuclear test at Nevada Test Site
- 1962 – USSR performs nuclear test in northeast Kazakhstan
- 1968 – USSR performs nuclear test at Novaya Zemlya
- 1970 – US performs nuclear test at Nevada Test Site
- 1970 – USSR performs nuclear test at Novaya Zemlya
- 1978 – China performs nuclear test at Lop Nor, PRC
I don’t know if that’s just a weird coincidence or what, but if it’s a statistical fluke I’d be very surprised.
Luckily for you, you won’t have to detonate a ridiculously large explosive device 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$2,656.99/oz (+0.91%)
Silver: US$31.55/oz (+1.09%)
Iron Ore: US$105.95/t (+1.49%)
Nickel (3mth): US$17,612/t (+2.71%)
Copper (3mth): US$9,596/t (+0.94%)
Zinc: US$3,108/t (+3.03%)
Oil (WTI): US$75.50/bbl (-0.07%)
Oil (Brent): US$78.79/bbl (-0.64%)
AUD/USD: 0.6751 (+0.16%)
Bitcoin: US$62,638.85 (+3.37%)
WHAT GOT YOU TALKING
Gold forecasts continue to climb – with Argonaut and BMI raising this week – as analysts lag behind aggressive movements in gold prices.
Gold forecasts continue to climb – with Argonaut and BMI raising this week – as analysts lag behind aggressive movements in gold prices. $RRL $PRU $NEM $AZY -> https://t.co/4s7qjjX5BD pic.twitter.com/PQDqHrzJJp
— Stockhead (@StockheadAU) October 11, 2024
FRIDAY’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 |
|---|---|---|---|---|---|
| IR1 | Iris Metals | 0.300 | 67% | 1,854,639 | $25,039,797 |
| NAG | Nagambie Resources | 0.020 | 43% | 7,422,844 | $11,152,899 |
| CSS | Clean Seas Ltd | 0.220 | 38% | 274,590 | $32,210,125 |
| NSM | Northstaw | 0.019 | 36% | 186,541 | $2,250,861 |
| CRB | Carbine Resources | 0.004 | 33% | 234,900 | $1,655,213 |
| EWC | Energy World Corpor. | 0.012 | 33% | 2,354,687 | $27,710,291 |
| 88E | 88 Energy Ltd | 0.003 | 25% | 213,473 | $57,867,624 |
| BYH | Bryah Resources Ltd | 0.005 | 25% | 379,173 | $2,013,147 |
| PUA | Peak Minerals Ltd | 0.003 | 25% | 4,000,000 | $4,994,221 |
| VML | Vital Metals Limited | 0.003 | 25% | 52,794 | $11,790,134 |
| CC9 | Chariot Corporation | 0.240 | 23% | 606,503 | $17,477,433 |
| TGH | Terragen | 0.049 | 23% | 208,745 | $14,763,245 |
| LU7 | Lithium Universe Ltd | 0.017 | 21% | 4,786,508 | $8,314,790 |
| 1CG | One Click Group Ltd | 0.012 | 20% | 809,674 | $7,747,935 |
| AD1 | AD1 Holdings Limited | 0.006 | 20% | 483,368 | $5,486,742 |
| FIN | FIN Resources Ltd | 0.006 | 20% | 81,816 | $3,246,344 |
| PUR | Pursuit Minerals | 0.003 | 20% | 100,000 | $9,088,500 |
| NIM | Nimyresourceslimited | 0.071 | 18% | 371,551 | $10,410,816 |
| FFG | Fatfish Group | 0.013 | 18% | 7,826,624 | $15,472,303 |
| PPY | Papyrus Australia | 0.013 | 18% | 762,374 | $5,419,619 |
| RMI | Resource Mining Corp | 0.014 | 17% | 50,000 | $7,828,174 |
| AUN | Aurumin | 0.058 | 16% | 1,626,623 | $22,787,162 |
| MTM | MTM Critical Metals | 0.080 | 16% | 9,439,905 | $19,396,373 |
Friday’s Small Cap Winners included:
Iris Metals (ASX:IR1) rose sharply on news that the company has successfully converted its spodumene concentrate to 99.5% battery grade lithium carbonate, using ore entirely sourced from its Beecher Project in South Dakota, USA. The conversion to lithium carbonate was done in the US, using “a domestic process and IP, marking a significant new capability in America’s efforts to secure domestic supply chains of critical minerals and IRIS’ role in that,” the company says.
Nagambie Resources (ASX:NAG) said it is set to restart diamond drilling at its high-grade gold-antimony orebody at the Nagambie Mine in early November. The company has secured a drilling rig to expand its JORC Resource, which currently stands at 415,000 tonnes, with an average grade of 3.6 g/t gold and 4.3% antimony. Chairman Kevin Perrin noted that both gold and antimony prices are at record highs, making the mine a prime target for exploration. The planned construction of a new antimony-sulphide processing plant will further enhance the project’s potential value.
Energy World Corporation (ASX:EWC) was up on news that it has agreed to sell its 51% stake in the Sengkang Production Sharing Contract (PSC) in Indonesia to PT EMP Energi Jaya for $35 million. This sale includes rights to explore and produce gas in the area, which has existing gas fields and significant potential.
FRIDAY’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 |
|---|---|---|---|---|---|
| GMN | Gold Mountain Ltd | 0.002 | -33% | 6,136,675 | $11,722,420 |
| RNE | Renu Energy Ltd | 0.001 | -33% | 329,120 | $1,267,868 |
| NOV | Novatti Group Ltd | 0.043 | -26% | 3,842,270 | $20,811,401 |
| MRQ | Mrg Metals Limited | 0.003 | -25% | 5,165,077 | $10,846,075 |
| EXL | Elixinol Wellness | 0.004 | -20% | 8,718,818 | $7,800,356 |
| TMK | TMK Energy Limited | 0.002 | -20% | 633,034 | $18,979,030 |
| ERA | Energy Resources | 0.009 | -18% | 2,761,072 | $243,631,291 |
| WYX | Western Yilgarn NL | 0.027 | -18% | 24,050 | $3,301,965 |
| HXL | Hexima | 0.014 | -18% | 330,902 | $2,839,674 |
| FHS | Freehill Mining Ltd. | 0.005 | -17% | 2,600,000 | $18,471,167 |
| LPD | Lepidico Ltd | 0.003 | -17% | 932,570 | $25,767,375 |
| SFG | Seafarms Group Ltd | 0.003 | -17% | 353,529 | $14,509,798 |
| WML | Woomera Mining Ltd | 0.003 | -17% | 11,500 | $6,165,223 |
| CGO | CPT Global Limited | 0.071 | -15% | 1,200 | $3,519,379 |
| BXN | Bioxyne Ltd | 0.011 | -15% | 4,495,451 | $26,606,390 |
| EXT | Excite Technology | 0.011 | -15% | 12,025,237 | $19,171,318 |
| IRX | Inhalerx Limited | 0.022 | -15% | 110,000 | $5,023,506 |
| COY | Coppermoly Limited | 0.009 | -15% | 114,522 | $7,076,574 |
| HOR | Horseshoe Metals Ltd | 0.006 | -14% | 250,000 | $4,642,972 |
| QXR | Qx Resources Limited | 0.006 | -14% | 124,884 | $7,770,545 |
| NIS | Nickelsearch | 0.016 | -14% | 4,776,602 | $4,512,837 |
TRADING HALTS
Income Asset Management Group (ASX:IAM) – requested in connection with a capital raising.
Mayur Resources (ASX:MRL) – pending an announcement in relation to the finalisation of the funding structure for the Central Lime Project.
Embark Education Group (ASX:EVO) – ending the release of an ASX announcement regarding a proposed capital raise.
African Gold (ASX:A1G) – pending an announcement regarding exploration results.
Kincora Copper (ASX:KCC) – pending an announcement in connection with a capital raise.
Appen (ASX:APX) – pending an announcement to ASX in connection with a proposed capital raising.
Nanoveu (ASX:NVU) – pending an announcement regarding a material acquisition.
Chilwa Minerals (ASX:CHW) – pending the release of an announcement relating to a capital raising.
Respiri (ASX:RSH) – pending an announcement regarding finalisation of a Strategic Fund Investment into the company.
Dubber Corp (ASX:DUB) – pending an announcement by the Company 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.
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