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Rise and Shine: Everything you need to know before the ASX opens
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It’s Monday on Stockhead, and we’ve got Sprott’s five reasons to be bullish on uranium, fintechs in car-lending fast lane, and ASX lithium hunters swimming in the brine.
But first the day ahead…
TRADING HALTS
These stocks went into a Trading Halt on Friday and are due out in the coming days.
Queensland Pacific Metals (ASX:QPM) – Capital raising.
Invex Therapeutics (ASX:IXC) – Material announcement to the market in relation to the receipt of a commissioned report.
Enova Mining (ASX:ENV) – Capital raising.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,889.02 (-0.15%)
Silver: US$22.68 (+1.32%)
Nickel (3mth): US$20,310/t (+2.56%)
Copper (3mth): US$8,234/t (+0.82%)
Oil (WTI): US$80.06 (+0.86%)
Oil (Brent): US$83.76 (+0.37%)
Iron 62pc Fe: US$105.64/t (+0.79%)
AUD/USD: 0.6403 (-0.5%)
Bitcoin: US$25,499 (-11.02%)
WHAT GOT YOU TALKING
The #ASX 200 opened lower on Friday, but lifted in the afternoon after the release of #earnings from #realestate majors. At the close of day, the #index was flattish, but still down over 2% for the week. https://t.co/bDHIS4sd02
— Stockhead (@StockheadAU) August 18, 2023
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 | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| OXT | Orexploretechnologie | 0.105 | 128% | 30,343,449 | $4,768,553 |
| FTL | Firetail Resources | 0.155 | 35% | 1,253,010 | $11,068,750 |
| 4DS | 4Ds Memory Limited | 0.067 | 34% | 41,109,568 | $81,627,161 |
| AHN | Athena Resources | 0.008 | 33% | 1,441,571 | $6,422,805 |
| AXP | AXP Energy Ltd | 0.002 | 33% | 1,418,735 | $8,737,021 |
| NNG | Nexion Group | 0.016 | 33% | 541,267 | $2,427,694 |
| SAN | Sagalio Energy Ltd | 0.012 | 33% | 184,526 | $1,841,941 |
| RLG | Roolife Group Ltd | 0.009 | 29% | 304,911 | $5,043,907 |
| IEC | Intra Energy Corp | 0.007 | 27% | 47,731,969 | $8,914,299 |
| IBG | Ironbark Zinc Ltd | 0.01 | 25% | 971,004 | $11,734,274 |
| ROG | Red Sky Energy. | 0.005 | 25% | 56,276,511 | $21,208,909 |
| BCB | Bowen Coal Limited | 0.135 | 23% | 30,198,331 | $234,958,447 |
| AN1 | Anagenics Limited | 0.022 | 22% | 92,357 | $6,581,159 |
| OLY | Olympio Metals Ltd | 0.23 | 21% | 941,983 | $9,719,460 |
| CZN | Corazon Ltd | 0.018 | 20% | 3,169,788 | $9,154,958 |
| IMI | Infinitymining | 0.12 | 20% | 24,952 | $7,765,139 |
| PNX | PNX Metals Limited | 0.003 | 20% | 1,927,629 | $13,451,562 |
| SI6 | SI6 Metals Limited | 0.006 | 20% | 1,300,000 | $9,969,297 |
| SLM | Solismineralsltd | 0.435 | 19% | 1,578,244 | $24,462,273 |
| KGD | Kula Gold Limited | 0.019 | 19% | 375,812 | $5,971,391 |
| LU7 | Lithium Universe Ltd | 0.064 | 19% | 42,256,523 | $20,980,182 |
| XGL | Xamble Group Limited | 0.039 | 18% | 26,796 | $9,377,156 |
| GSR | Greenstone Resources | 0.013 | 18% | 1,294,603 | $14,750,503 |
| DOU | Douugh Limited | 0.007 | 17% | 532,803 | $6,341,852 |
| EEL | Enrg Elements Ltd | 0.007 | 17% | 747,124 | $6,059,790 |
Orexplore Technologies (ASX:OXT) jumped 150% after revealing a $1.55 million contract with mining giant BHP.
The deal will see the deployment of Orexplore’s mobile field scanning installation and technology platform to BHP’s Carrapateena operation in South Australia, which is obviously huge news for the exploration tech minnow.
“This agreement further demonstrates increasing global demand for non-destructive, 3D information sourced rapidly from the field to inform decision processes, drive traditionally siloed collaboration around digital models, and create value within an operating mine,” Orexplore MD Brett Giroud said.
4DS Memory (ASX:4DS) was gifted a speeding ticket by the ASX, after mysteriously climbing some 32%.
Also up on a no-news boost was Firetail Resources (ASX:FTL), which added more than 26% despite not telling the market a thing since 04 August, when Valor Resources (ASX:VAL) revealed that the Peruvian Ministry of Energy and Mines gave the go-ahead for drilling at Valor’s Picha copper project in (obviously) Peru.
That was big news for Firetail, because it had already negotiated to buy the Picha project from Valor, which was announced to the market in late July. Valor, on the other hand, went down 12.5%.
FRIDAY’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 |
|---|---|---|---|---|---|
| CT1 | Constellation Tech | 0.002 | -33% | 100,005 | $4,413,601 |
| TD1 | Tali Digital Limited | 0.001 | -33% | 49,068 | $4,942,733 |
| AJQ | Armour Energy Ltd | 0.091 | -30% | 282,309 | $13,405,615 |
| MTB | Mount Burgess Mining | 0.003 | -25% | 3,190,407 | $4,062,587 |
| SPT | Splitit | 0.052 | -21% | 9,737,306 | $36,516,746 |
| HTG | Harvest Tech Grp Ltd | 0.027 | -21% | 1,289,830 | $23,411,590 |
| ADR | Adherium Ltd | 0.004 | -20% | 1,351,348 | $24,997,042 |
| DCX | Discovex Res Ltd | 0.002 | -20% | 3,000,000 | $8,256,420 |
| ELE | Elmore Ltd | 0.004 | -20% | 11,098,800 | $6,996,919 |
| GSM | Golden State Mining | 0.032 | -20% | 10,270,026 | $7,643,531 |
| MRD | Mount Ridley Mines | 0.002 | -20% | 20,959,685 | $19,462,207 |
| CPV | Clearvue Technologie | 0.26 | -19% | 815,030 | $69,958,962 |
| SGC | Sacgasco Ltd | 0.005 | -17% | 7,735,833 | $4,641,496 |
| TSK | Task Group Holdings | 0.47 | -16% | 28,779 | $198,747,833 |
| VBC | Verbrec Limited | 0.105 | -16% | 7,000 | $27,684,521 |
| NHE | Nobleheliumlimited | 0.215 | -16% | 4,377,166 | $50,586,759 |
| IMU | Imugene Limited | 0.0795 | -15% | 82,395,971 | $603,765,676 |
| CXU | Cauldron Energy Ltd | 0.006 | -14% | 2,717,612 | $6,660,981 |
| TIG | Tigers Realm Coal | 0.006 | -14% | 2,964,090 | $91,466,917 |
| EQX | Equatorial Res Ltd | 0.155 | -14% | 92 | $23,570,164 |
| OSM | Osmondresources | 0.13 | -13% | 15,714 | $7,034,406 |
| BDX | Bcaldiagnostics | 0.135 | -13% | 261,449 | $33,051,067 |
| AXN | Alliance Nickel Ltd | 0.075 | -13% | 1,307,943 | $61,327,140 |
| AL8 | Alderan Resource Ltd | 0.007 | -13% | 91,910 | $4,933,557 |
| BEX | Bikeexchange Ltd | 0.007 | -13% | 1,309,800 | $9,513,201 |
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