Rise and Shine: Everything you need to know before the ASX opens
"It's not quite what I was going for when I said "I'll make that bastard eat his words", but it'll have to do. For now." Pic via Getty images.
Good morning everyone, and welcome to Tuesday, 26 September 2023.
It’s a slightly somber day in the annals of history, as most of the “big things” that happened on this day in history aren’t really all that important, aside from a number of prominent deaths over the years.
Of particular note, today’s date marks the 1820 demise of a chap called Daniel Boone, a man as famous for wearing dead rodents on his head as he is for having (legends say), three ears – a left ear, a right ear and a wild front ear.
(Ed: He’s here all week!)
It’s also the anniversary of the death of Hollywood heartthrod heatthjrob Pretty Man Paul Newman, who starred in a very lengthy list of incredible films, but was also in a movie with Tom Cruise which many believe contributed to his death in 2008.
And rounding out today’s Top 3 Celebrity Deaths on This Day in History is former French Prime Minister Jacques Chirac, who passed away peacefully in his sleep in 2019, following a prolonged battle with being Jacques Chirac.
These tragic shuffles from Mortal Coil into the history books should serve as a reminder that life is fleeting, and the decisions we make are important, crucial to making our lives the best they can be.
And you can’t make good decisions without good intelligence, which is why the Stockhead team has been beavering away to gather the right intelligence for you to get your days off to a cracking start
That includes Nadine McGrath’s inside run on what the future might hold for health and wellness stocks, and Christian Edwards’ peer into the crystal ball to uncover the reason why Australia’s likely headed towards the busiest autumn auction run in years.
And here, to get your motors running, is all the data and dot points from yesterday and overnight, because we know how much you love it.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,916.55 (-0.44%)
Silver: US$23.13 (-1.71%)
Nickel (3mth): US$19,150/t (-1.38%)
Copper (3mth): US$8,149/t (-0.89%)
Oil (WTI): US$89.81 (-0.25%)
Oil (Brent): US$93.20 (-0.10%)
Iron 62pc Fe: US$121.29/t (+0.6%)
AUD/USD: 0.6423 (+0.01%)
Bitcoin: US$26,288 (-0.69%)
WHAT GOT YOU TALKING
You guys were all a-twitter about crypto yesterday, apparently – which is great, because I have been saying for ages that “not enough people have been told how they’re mad for not buying into crypto because it’s going to be huge and you’ll miss out if you don’t get in now, you mark my words it’s an absolute lock so you should buy some and by the way would you like to buy some crypto from me?” by that weird guy who does shirt-off solo karate in front of the mirror next to the weight rack at every Fitness First location, ever.
All the #crypto news you need to know today. #cryptocurrency #markets #Bitcoin https://t.co/UYBeTLp4Fr
— Stockhead (@StockheadAU) September 25, 2023
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 |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.0015 | 50% | 116,507,180 | $10,264,505 |
| BGE | Bridgesaaslimited | 0.035 | 40% | 253,911 | $985,900 |
| FRX | Flexiroam Limited | 0.036 | 29% | 240,812 | $18,597,368 |
| 1AI | Algorae Pharma | 0.015 | 25% | 4,982,852 | $19,628,882 |
| DXN | DXN Limited | 0.0025 | 25% | 1,907,923 | $3,446,680 |
| ICN | Icon Energy Limited | 0.011 | 22% | 2,278,783 | $6,912,123 |
| AKN | Auking Mining Ltd | 0.069 | 21% | 564,185 | $11,633,911 |
| AMM | Armada Metals | 0.026 | 21% | 4,717 | $1,474,241 |
| CXU | Cauldron Energy Ltd | 0.012 | 20% | 24,889,727 | $9,515,687 |
| IEC | Intra Energy Corp | 0.006 | 20% | 2,663,428 | $8,103,908 |
| RCW | Rightcrowd | 0.025 | 19% | 267,511 | $5,531,776 |
| AEV | Avenira Limited | 0.0105 | 17% | 1,881,708 | $15,570,065 |
| OKR | Okapi Resources | 0.175 | 17% | 2,305,316 | $31,512,902 |
| AYT | Austin Metals Ltd | 0.007 | 17% | 459,249 | $6,095,248 |
| ECT | Env Clean Tech Ltd. | 0.007 | 17% | 1,775,767 | $17,085,331 |
| ELE | Elmore Ltd | 0.007 | 17% | 30,888 | $8,396,303 |
| OLI | Oliver'S Real Food | 0.022 | 16% | 88,771 | $8,373,906 |
| MXR | Maximus Resources | 0.03 | 15% | 119,820 | $8,326,650 |
| WEC | White Energy Company | 0.071 | 15% | 33,883 | $4,241,183 |
| EL8 | Elevate Uranium Ltd | 0.515 | 14% | 1,413,491 | $125,038,863 |
| TBN | Tamboran | 0.1425 | 14% | 794,702 | $214,584,071 |
| WCG | Webcentral Ltd | 0.125 | 14% | 54,495 | $36,203,885 |
| QXR | Qx Resources Limited | 0.025 | 14% | 5,819,215 | $19,730,971 |
| HFY | Hubify Ltd | 0.017 | 13% | 385,347 | $7,442,044 |
| DYL | Deep Yellow Limited | 1.2025 | 13% | 6,782,817 | $807,683,149 |
Yesterday’s Small Caps highlights were:
Firstly, Cauldron Energy (ASX:CXU) was one of the many smaller stocks which climbed nicely on Monday despite offering nothing in the way of a market moving update.
However, CXU is part of the upwardly mobile family of ASX uranium players Aurora Energy Metals (ASX:1AE), Elevate Uranium (ASX:EL8), Alligator Energy (ASX:AGE) and Icon Energy (ASX:ICN), as chatter about a nuclear-powered future builds in intensity.
Global investors are all over ASX uranium shares as the spot price clocks more than decade highs, with expectations that the bull run is just starting.
On an entirely different note, last week was a busy one for the Software-as-a-Service (SaaS) Customer Relationship Management (CRM) and workflow solutions to the employment & NDIS industries known as Bridge SaaS (ASX:BGE).
The SaaS firm said goodbye to interim CEO Anna-Marie Stella, with the news non-executive director Leanne Graham, will assume the role of interim boss.
Leanne is a tech guru, having run Xero’s Kiwi business as general manager and global head of sales.
Algorae Pharmaceuticals (ASX:1AI) jumped on no news. The company (formerly Living Cell Technologies (ASX:LCT)) recently announced that it’s signed an MoU with UNSW to develop an AI platform to assist with:
- deploying advanced machine-learning and other AI methodologies to assess and derive insight from large-scale molecular, clinical, and other relevant datasets, and
- to optimise existing projects and identify new combination drug candidates and repositioning opportunities through AI-enabled predictive modelling.
QX Resources (ASX:QXR) also rose, living on last week’s news that the company’s 39%-owned Bayrock has expanded the mineral lease area by ~33% at the Vuostok Nickel-Copper Project in northern Sweden with the addition of Nr 102 lease covering an additional 34km2 to expand the total lease area to ~130km2.
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 | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MSI | Multistack Internat. | 0.003 | -40% | 11,604 | $681,520 |
| ARE | Argonaut Resources | 0.07 | -30% | 23,174 | $7,316,152 |
| AXP | AXP Energy Ltd | 0.0015 | -25% | 2,248,131 | $11,649,361 |
| KNM | Kneomedia Limited | 0.003 | -25% | 1,009,951 | $6,019,141 |
| MTH | Mithril Resources | 0.0015 | -25% | 558,621 | $6,737,609 |
| TPC | TPC Consolidated Ltd | 5.38 | -25% | 19,951 | $81,101,428 |
| RNX | Renegade Exploration | 0.007 | -22% | 2,956,409 | $8,578,114 |
| OZM | Ozaurum Resources | 0.1 | -20% | 9,929,968 | $15,875,000 |
| AVE | Avecho Biotech Ltd | 0.004 | -20% | 984,090 | $13,491,460 |
| GTG | Genetic Technologies | 0.002 | -20% | 2,179,988 | $28,854,145 |
| IVX | Invion Ltd | 0.004 | -20% | 1,273,810 | $32,108,161 |
| TMX | Terrain Minerals | 0.004 | -20% | 100,750 | $6,288,219 |
| MKG | Mako Gold | 0.014 | -18% | 2,277,036 | $9,792,139 |
| NNG | Nexion Group | 0.014 | -18% | 178,571 | $3,439,234 |
| CDR | Codrus Minerals Ltd | 0.076 | -17% | 1,008,199 | $6,972,680 |
| NYM | Narryermetalslimited | 0.12 | -17% | 180,480 | $6,028,375 |
| HTG | Harvest Tech Grp Ltd | 0.029 | -17% | 1,094,028 | $24,276,538 |
| FGL | Frugl Group Limited | 0.015 | -17% | 2,081,295 | $17,209,116 |
| HAW | Hawthorn Resources | 0.1 | -17% | 17,810 | $40,201,874 |
| EDE | Eden Inv Ltd | 0.0025 | -17% | 13,043,629 | $10,090,911 |
| LML | Lincoln Minerals | 0.005 | -17% | 230,000 | $8,524,271 |
| OAR | OAR Resources Ltd | 0.005 | -17% | 29,908 | $15,678,814 |
| PKO | Peako Limited | 0.005 | -17% | 4,463,468 | $2,824,389 |
| STA | Strandline Res Ltd | 0.105 | -16% | 12,092,406 | $182,820,529 |
| SHN | Sunshine Metals Ltd | 0.0135 | -16% | 4,052,378 | $16,155,564 |
TRADING HALTS
NickelSearch (ASX:NIS) – Pending a material announcement regarding exploration results at its Carlingup project
Amaero International (ASX:3DA) – Pending release of a presentation by the company in connection with the production of C-103 powder and the impact on the company’s expected financial performance
Technology Metals Australia (ASX:TMT) – Pending an announcement to the market in relation to a proposed material transaction regarding a merger
Australian Vanadium (ASX:AVL) – Pending an announcement in relation to a material acquisition and associated capital raising
Todd River Resources (ASX:TRT) – Pending an announcement to the market regarding a material project acquisition and capital raising
Black Cat Syndicate (ASX:BC8) – Pending the release of an announcement regarding a proposed funding arrangement in relation to the restart of the Paulsens Gold operation
Botanix Pharmaceuticals (ASX:BOT) – Pending release of an announcement regarding US Food and Drug Administration (FDA) communication in respect of the Botanix New Drug Application (NDA) for Sofpironium Bromide gel, for the treatment of primary axillary hyperhidrosis (excessive sweating)
Haranga Resources (ASX:HAR) – Pending an announcement by the company to the market in relation to a proposed capital raising
PolyNovo (ASX:PNV) – Pending release of a trading update and upgrade
Star Entertainment Group (ASX:SGR) – The Star expects to make an announcement to ASX in connection with a refinancing and related capital structure initiatives
Aguia Resources (ASX:AGR) – Pending an anticipated announcement by the company regarding completion of a proposed capital raising
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