Good morning everyone, and welcome to October 21, 2024 – an important date in the history of horrific food poisoning.

That’s because it was on this day in 1869 that the first ever batch of Baltimore oysters was put on a train for the overland journey to California to be sold.

That journey took three long weeks – and, as most people know, oysters can be fickle little bastards, which means that there’s a very solid chance that a number of those horrible crusthy buckets of sea phlegm would have been incredibly toxic by the time they made it to California.

There aren’t any records (at least that I could find) suggesting that anyone was killed by a crook three-week-old oyster when the shipment arrived – but I guarantee that more than a few people would have bought some just for the novelty, and thoroughly redecorated the inside of their outhouse as a result.

Luckily, you won’t have to die of dysentery 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$2,721.43/oz (+1.02%)

Silver: US$31.59/oz (-0.33%)

Iron Ore: US$101.35/t (-+1.74%)

Nickel (3mth): US$16,777/t (+0.92%)

Copper (3mth): US$9,502/t (+1.26%)

Zinc: US$3,081/t (+2.47%)

Oil (WTI): US$69.38/bbl (-1.95%)

Oil (Brent): US$73.17/bbl (-1.73%)

AUD/USD: 0.6708 (+0.11%)

Bitcoin: US$68,418 (+0.19%)

 

WHAT GOT YOU TALKING

Jess Cummins is the Stockhead gift that just keeps on giving – and this time, she’s put proverbial pen to paper and brought you the inside scoop on how Asian economies are giving our local critical minerals sector a whole lotta love.

 

 

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
ERA Energy Resources 0.005 118.6 59,564,738 $50,657,590
DOU Douugh 0.009 100.0 13,361,002 $4,869,310
OVT Ovanti 0.024 71.4 154,931,539 $21,788,877
GCR Golden Cross 0.003 50.0 3,026,345 $2,194,512
PRX Prodigy Gold 0.003 50.0 1,138,345 $4,664,912
TSL Titanium Sands 0.006 50.0 2,075,342 $8,846,989
LGP Little Green Pharma 0.16 39.1 2,345,128 $34,830,394
IRX InhaleRX 0.03 36.4 4,374,897 $4,250,659
SLM Solis Minerals 0.13 34.0 703,440 $7,506,083
SFG Seafarms Group 0.004 33.3 44,400 $14,509,798
BDG Black Dragon Gold 0.02 33.3 481,414 $4,012,765
CMX Chemx Materials 0.048 26.3 60,000 $4,902,848
AUZ Australian Mines 0.015 25.0 39,110,529 $16,782,145
BYH Bryah Resources 0.005 25.0 100,000 $2,013,147
INP Incentiapay 0.005 25.0 306,601 $5,060,960
RNE Renu Energy 0.0025 25.0 1,386,831 $1,690,490
MPP Metro Perf.Glass 0.062 24.0 34,630 $9,268,904
TGH Terragen 0.051 21.4 140,160 $15,501,407
AZ9 Asian Battery Metals 0.042 20.0 841,272 $10,577,524
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Friday’s Small Cap Winners included:

Energy Resources of Australia (ASX:ERA) was higher following Thursday’s resumption of the company’s Rio Tinto-led 19.87 for 1 non-underwritten pro rata renounceable entitlement offer, seeking to raise about $90.

InhaleRX (ASX:IRX) has entered into a significant funding agreement with Clendon Biotech Capital, securing up to $38.5m in funding to cover all direct costs associated with the Phase 1 and 2 clinical development of the company’s key projects, IRX-211 and IRX-616a.

IRX-211 is a drug-device medication, specifically designed to target breakthrough cancer pain, while IRX-616a is an innovative drug device medication designed to offer fast and effective relief for individuals suffering from panic disorder.

Anteo Diagnostics (ASX:ADO) was also up today after responding to a query from the ASX.  The biotech announced earlier this week it had secured a deal for the first commercial order of its Ultranode product from “leading European EV manufacturer EV1”.

In response to a query from the ASX, ADO today announced that EV1 is in fact the AMG arm of German automaker Mercedes Benz.

Tech services contracting company BSA (ASX:BSA) also rose more than 12% today after releasing its latest quarterly report,  showing continued strong financial performance into the new financial year, with Q1 FY25 revenue of $76.9m,  an improvement of 35.6% on pcp. The company also announced Q1 FY25 EBITDA of $6.5m, and an increase of 47.7% on pcp, with an EBITDA margin of 8.4% also increasing on pcp as the Group aims for improved margins throughout FY2025.

Meanwhile, Flight Centre (ASX:FLT) was sinking badly after releasing a business update that was a little skimpy on some details, but looks like it lays out a pretty severe downturn for the business over the first 6 months of this financial year. Flight Centre said 1QFY25 was trading “marginally above” the previous corresponding period on TTV, profit margin and underlying profit, and tried to gloss things over, saying its FY25 profit was “again expected to be heavily second-half weighed.”

 

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
MOV Move Logistics Group 0.21 -36.4 102,179 $42,112,626
PER Percheron 0.088 -34.8 23,129,178 $121,708,571
CDE Codeifai 0.001 -33.3 1,020,000 $3,961,942
CAV Carnavale Resources 0.003 -25.0 444,234 $16,360,874
MHC Manhattan Corp 0.0015 -25.0 50,000 $8,995,940
RML Resolution Minerals 0.0015 -25.0 163,900 $3,220,044
FLT Flight Centre Travel 17.17 -20.6 6,679,938 $4,796,888,033
SBW Shekel Brainweigh 0.047 -20.3 709,765 $13,455,613
88E 88 Energy 0.002 -20.0 10,000,005 $72,334,530
CTO Citigold Corp 0.004 -20.0 575,816 $15,000,000
EFE Eastern Resources 0.004 -20.0 9,812,999 $6,209,732
MOM Moab Minerals 0.004 -20.0 1,412,000 $4,044,071
PUA Peak Minerals 0.002 -20.0 1,740 $6,242,776
T3D 333D 0.008 -20.0 161,384 $1,194,449
TOU Tlou Energy 0.024 -17.2 1,260,192 $37,658,945
EGY Energy Tech 0.03 -16.7 1,035,950 $15,714,142
HE8 Helios Energy 0.015 -16.7 308,514 $46,872,890
AD1 AD1 Holdings 0.005 -16.7 4,528,800 $6,584,090
CUL Cullen Resources 0.005 -16.7 20,009 $4,160,411
ERG Eneco Refresh 0.01 -16.7 867,439 $3,268,300
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TRADING HALTS 

Kinetiko Energy (ASX:KKO) – pending the release of an announcement in relation to results of drilling at well 271-23PT.

Star Entertainment Group (ASX:SGR) – an announcement in relation to correspondence from the NICC.

Cannindah Resources (ASX:CAE) –  pending the release of an announcement to the market in relation to a proposed capital raising.

Siren Gold (ASX:SNG) – security holders’ meeting to vote on a resolution to approve the proposed sale of the company’s shares in Reefton Resources to Rua Gold.

Genetic Technologies (ASX:GTG) – GTG is currently assessing its strategic options, operational review and progress on its fundraising.

Chariot Corporation (ASX:CC9) – pending an announcement regarding a proposed capital raising.

Otto Energy (ASX:OEL) – pending an announcement to ASX in relation to the drilling results of F5-ST Well at SM 71.

IperionX (ASX:IPX) – pending an announcement regarding a proposed capital raising.

Asra Minerals (ASX:ASR) – in light of legal advice regarding the need to seek orders from the Supreme Court of Western Australia under section 1322 of the Act in respect of the share issues the subject of the cleansing notices.

Botala Energy (ASX:BTE) – pending an announcement in respect of a proposed 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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