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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, Boss boss calls imminent uranium bull market, battery metals action from Diggers and Dealers, and are you a bonds person, a stocks person, or both?
But first, to the day ahead.
TRADING HALTS
EQ Resources (ASX:EQR) – Material acquisition and capital raising.
IRIS Metals (ASX:IR1) – Update on exploration results.
European Lithium (ASX:EUR) – NASDAQ merger transaction.
Forbidden Foods (ASX:FFF) – Capital raising.
Peak Rare Earths (ASX:PEK) – Material commercial agreement announcement.
Pantoro (ASX:PNR) – Capital raising.
InvoCare (ASX:IVC) – Material announcement in relation to TPG Capital Global’s revised non-binding indicative proposal of 15 May 2023.
Perpetual Resources (ASX:PEC) – Potential acquisition and capital raise.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,936.90 (-0.25%)
Silver: US$23.10 (-2.09%)
Nickel (3mth): US$21,125/t (-0.87%)
Copper (3mth): US$8,496/t (-0.90%)
Oil (WTI): US$82.42 (-0.50%)
Oil (Brent): US$85.76 (-0.55%)
Iron 62pc Fe: US$104.73/t (-0.43%)
AUD/USD: 0.6573 (flat)
Bitcoin: US$29,149 (+0.2%)
WHAT GOT YOU TALKING?
Badman is back.
Pretty much a year happened in the past week in #crypto. DeFi wobbles, Richard Heart and Hex in deep doo-doo, a rapper comes clean, stablecoin concerns and more. Rob Badman takes you through it: https://t.co/SLf2F0qY17 #Bitcoin #XRP
— Stockhead (@StockheadAU) August 7, 2023
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.
For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.
Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
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 | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| LIT | Lithium Australia | 0.061 | 85% | 100,658,620 | $40,299,325 |
| EDE | Eden Inv Ltd | 0.004 | 33% | 349,989 | $8,990,833 |
| BDX | Bcaldiagnostics | 0.14 | 33% | 1,440,904 | $22,201,597 |
| SCT | Scout Security Ltd | 0.02 | 33% | 100,491 | $3,460,020 |
| G1A | Galena Mining | 0.12 | 32% | 7,544,743 | $68,483,751 |
| ARV | Artemis Resources | 0.022 | 29% | 8,442,643 | $26,688,612 |
| 14D | 1414 Degrees Limited | 0.055 | 28% | 92,096 | $8,835,875 |
| GES | Genesis Resources | 0.005 | 25% | 7,500 | $3,131,365 |
| TSL | Titanium Sands Ltd | 0.005 | 25% | 4,741,265 | $6,469,430 |
| TSN | The Sust Nutri Grp | 0.01 | 25% | 18,087 | $1,126,103 |
| CAV | Carnavale Resources | 0.008 | 23% | 54,106,458 | $21,668,086 |
| GMN | Gold Mountain Ltd | 0.011 | 22% | 60,500,557 | $20,421,707 |
| CRS | Caprice Resources | 0.05 | 22% | 115,996 | $4,787,034 |
| KNB | Koonenberrygold | 0.053 | 20% | 100,000 | $3,333,284 |
| LML | Lincoln Minerals | 0.006 | 20% | 102,915 | $7,103,559 |
| RML | Resolution Minerals | 0.006 | 20% | 1,012,451 | $6,286,459 |
| SGC | Sacgasco Ltd | 0.006 | 20% | 376,400 | $3,867,914 |
| MQR | Marquee Resource Ltd | 0.043 | 19% | 2,439,041 | $11,905,470 |
| FGL | Frugl Group Limited | 0.019 | 19% | 4,335,215 | $15,296,992 |
| NNG | Nexion Group | 0.013 | 18% | 16,847 | $2,225,386 |
| RR1 | Reach Resources Ltd | 0.013 | 18% | 30,878,184 | $34,705,557 |
| GRE | Greentechmetals | 0.515 | 17% | 2,120,564 | $24,902,044 |
| TIG | Tigers Realm Coal | 0.007 | 17% | 270,801 | $78,400,214 |
| HXL | Hexima | 0.022 | 16% | 224,883 | $3,173,753 |
| VAR | Variscan Mines Ltd | 0.015 | 15% | 817,000 | $4,394,047 |
Lithium Australia (ASX:LIT) led from start to finish with a better-than 75% jump on news that the company has signed a landmark agreement with industry giant Mineral Resources (ASX:MIN), related to LIT’s “disruptive lithium extraction technology” called LieNA.
The agreement is simple enough: Lithium Australia is bringing its LieNA technology to the table, which is shaping up as a game-changer for lithium production offering up to 50% improvements to extraction yields over existing tech.
In return, MinRes is opening its hefty-sized chequebook to solely fund the development and operation of a pilot plant up to the total budgeted cost of $4.5 million and provide raw materials for the pilot plant at no cost.
Bcal Diagnostics (ASX:BDX), continued its run of gains in the wake of last week’s news of breakthrough results from a clinical study, giving the company a solid footing towards commercialisation of its much-needed breast cancer screening tech.
At the end of today’s session, Bcal had put on another 33% or so.
And in third place, Galena Mining (ASX:G1A) jumped on news of a JORC-compliant Mineral Resource Estimate update from the company’s Abra Base Metals Mine, which has pushed G1A’s trading price close to 32% higher for the day.
It’s the first MRE annual update including all underground diamond drilling up to 5 May 2023, and all underground geological mapping, and mining and processing up to 30 June 2023.
TODAY’S ASX SMALL CAP LAGGARDS
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -50% | 313,016 | $11,649,361 |
| CLE | Cyclone Metals | 0.001 | -50% | 2,161,227 | $20,529,010 |
| DXN | DXN Limited | 0.001 | -50% | 204,082 | $3,442,630 |
| MEB | Medibio Limited | 0.001 | -33% | 11,449,310 | $7,725,891 |
| MTH | Mithril Resources | 0.001 | -33% | 934,832 | $5,053,207 |
| TD1 | Tali Digital Limited | 0.001 | -33% | 4,581 | $4,942,733 |
| IVX | Invion Ltd | 0.005 | -29% | 1,521,242 | $44,951,425 |
| CLA | Celsius Resource Ltd | 0.016 | -27% | 49,440,635 | $49,293,637 |
| NSM | Northstaw | 0.066 | -26% | 33,527 | $10,691,303 |
| MCT | Metalicity Limited | 0.0015 | -25% | 50 | $7,472,172 |
| NYR | Nyrada Inc. | 0.032 | -22% | 169,801 | $6,396,357 |
| NUC | Nuchev Limited | 0.18 | -22% | 38,350 | $19,413,674 |
| MXO | Motio Ltd | 0.037 | -21% | 98,543 | $12,287,429 |
| KFM | Kingfisher Mining | 0.24 | -20% | 1,061,906 | $16,114,500 |
| BPP | Babylon Pump & Power | 0.004 | -20% | 216,666 | $12,288,857 |
| LSR | Lodestar Minerals | 0.008 | -20% | 17,448,527 | $18,433,973 |
| ROO | Roots Sustainable | 0.004 | -20% | 3,333 | $693,611 |
| LKE | Lake Resources | 0.175 | -19% | 23,769,400 | $305,825,612 |
| SHO | Sportshero Ltd | 0.023 | -18% | 1,962,891 | $16,100,030 |
| CMX | Chemxmaterials | 0.095 | -17% | 153,169 | $5,826,029 |
| DMM | Dmcmininglimited | 0.07 | -17% | 100,000 | $2,515,800 |
| AJX | Alexium Int Group | 0.015 | -17% | 6,511 | $11,725,016 |
| BNO | Bionomics Limited | 0.01 | -17% | 3,155,907 | $17,624,825 |
| CT1 | Constellation Tech | 0.0025 | -17% | 600,994 | $4,413,601 |
| EMU | EMU NL | 0.0025 | -17% | 4,812,259 | $4,350,064 |
