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Rise and Shine: Everything you need to know before the ASX opens
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Today on Stockhead, Jimmy Whelan says let’s hold on, for all we’ve got. Catchy. Emma Davies runs a ruler over ASX companies using cutting-edge tech to find the next big deposit, and Peter Strachan’s giving up all his gold secrets.
What more do you want?
Now go on, git!
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,825.31 (+0.14%)
Silver: US$21.21 (+0.29%)
Nickel (3mth): US$18,728/t (-0.11%)
Copper (3mth): US$8,006.50/t (-0.58%)
Oil (WTI): US$87.69 (-1.72%)
Oil (Brent): US$89.14 (-1.96%)
Iron 62pc Fe: US$119.50/t (+0.04%)
AUD/USD: 0.6323 (+0.33%)
Bitcoin: US$27,592 (+0.24%)
WHAT GOT YOU TALKING
Did somebody say 8% pegmatites?
It’s finally happening for $BNR, as predicted by ressie soothsayer Barry ‘Garimpeiro’ FitzGerald. #ASX #lithium #EPA #WA https://t.co/3iEirJ1E8O
— Stockhead (@StockheadAU) October 4, 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 |
|---|---|---|---|---|---|
| CCE | Carnegie Cln Energy | 0.002 | 100% | 547,211 | $15,642,574 |
| NOX | Noxopharm Limited | 0.105 | 69% | 22,213,354 | $18,118,753 |
| BP8 | Bph Global Ltd | 0.002 | 33% | 1,753,117 | $2,002,095 |
| NZS | New Zealand Coastal | 0.002 | 33% | 6,038,171 | $2,500,515 |
| SIH | Sihayo Gold Limited | 0.002 | 33% | 245,250 | $18,306,384 |
| YPB | YPB Group Ltd | 0.004 | 33% | 205,415 | $2,230,384 |
| ADA | Adacel Technologies | 0.735 | 30% | 363,704 | $43,067,119 |
| ICR | Intelicare Holdings | 0.015 | 25% | 196,000 | $2,506,985 |
| TI1 | Tombador Iron | 0.015 | 25% | 3,259,806 | $25,901,788 |
| ERL | Empire Resources | 0.005 | 25% | 1,465,113 | $4,451,740 |
| BNR | Bulletin Res Ltd | 0.098 | 24% | 4,940,429 | $23,193,697 |
| JPR | Jupiter Energy | 0.022 | 22% | 19,000 | $22,865,945 |
| NIM | Nimyresourceslimited | 0.265 | 20% | 700,943 | $17,042,884 |
| SCT | Scout Security Ltd | 0.018 | 20% | 742,500 | $3,460,020 |
| ROO | Roots Sustainable | 0.006 | 20% | 31,285,152 | $693,611 |
| VTI | Vision Tech Inc | 0.365 | 20% | 156,258 | $9,673,752 |
| ICE | Icetana Limited | 0.039 | 18% | 440,879 | $8,156,181 |
| TSL | Titanium Sands Ltd | 0.007 | 17% | 2,204,193 | $10,630,828 |
| TGM | Theta Gold Mines Ltd | 0.145 | 16% | 16,455 | $88,134,376 |
| MKG | Mako Gold | 0.015 | 15% | 103,397 | $7,488,106 |
| AZI | Altamin Limited | 0.069 | 15% | 732,233 | $23,503,005 |
| AL8 | Alderan Resource Ltd | 0.016 | 14% | 17,343,515 | $8,633,725 |
| ETR | Entyr Limited | 0.008 | 14% | 2,565,673 | $13,881,727 |
| OAU | Ora Gold Limited | 0.008 | 14% | 182,115 | $33,469,980 |
| ABE | Ausbondexchange | 0.13 | 13% | 15,137 | $4,456,607 |
Noxopharm (ASX:NOX) was almost 70% higher at the close on Wednesday, because the US Food and Drug Administration has granted Orphan Drug Designation (ODD) status to its CRO-67 preclinical drug candidate, for the treatment of pancreatic cancer.
The FDA grants ODDs for drugs designed to prevent, diagnose or treat rare diseases or conditions, and the designation comes with various benefits that include:
– Tax credits for qualified clinical trials
– Exemption from user fees (e.g. FDA application fees)
– Potential seven years of market exclusivity after approval
So far this year only x2 other Aussie companies have received an ODD from the FDA, from a total of 260 issued. So that’s good.
Another standout on Wednesday was the Aussie global space safety firm Adacel Technologies (ASX:ADA), which just won a new contact from the US Federal Aviation Administration (FAA).
ADA says it’s a bit of an industry leader in ‘advanced air traffic management solutions and simulation and training systems’, and is looking at a terrific US$59 million deal over five years.
Lithium junior Bulletin Resources (ASX:BNR) was up more than 25% on news that it’s all but got its EPA approvals to begin drilling at its Ravensthorpe lithium project in WA’s Great Southern region.
And Redstone Resources (ASX:RDS) has revealed it’s partnering with Galan Lithium (ASX:GLN) ‘to further solidify its exposure to the highly sought after, Tier‐1 mining jurisdiction, that is the James Bay Lithium district in Québec, Canada.’
YESTERDAY’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 |
|---|---|---|---|---|---|
| TKM | Trek Metals Ltd | 0.034 | -36% | 14,749,866 | $26,188,364 |
| GTG | Genetic Technologies | 0.002 | -33% | 2,182,691 | $34,624,974 |
| MTL | Mantle Minerals Ltd | 0.002 | -33% | 111,041 | $18,442,338 |
| RBR | RBR Group Ltd | 0.002 | -33% | 1,300,062 | $4,855,214 |
| ERG | Eneco Refresh Ltd | 0.016 | -27% | 165,010 | $5,991,884 |
| MRD | Mount Ridley Mines | 0.0015 | -25% | 1,052,334 | $15,569,766 |
| AGD | Austral Gold | 0.022 | -24% | 6,555 | $17,757,029 |
| STA | Strandline Res Ltd | 0.085 | -23% | 23,495,877 | $160,882,066 |
| FFF | Forbidden Foods | 0.014 | -22% | 1,717,038 | $3,363,490 |
| RAS | Ragusa Minerals Ltd | 0.03 | -21% | 690,178 | $5,418,754 |
| CUF | Cufe Ltd | 0.012 | -20% | 3,231,123 | $17,191,685 |
| CYQ | Cycliq Group Ltd | 0.004 | -20% | 141,250 | $1,787,583 |
| SI6 | SI6 Metals Limited | 0.0065 | -19% | 19,660,629 | $15,950,875 |
| DY6 | Dy6Metalsltd | 0.11 | -19% | 70,636 | $5,205,936 |
| TAL | Talius Group Limited | 0.009 | -18% | 1,145,087 | $25,147,533 |
| WNR | Wingara Ag Ltd | 0.028 | -18% | 32,003 | $5,968,445 |
| KCC | Kincora Copper | 0.03 | -17% | 100,000 | $5,773,646 |
| EDE | Eden Inv Ltd | 0.0025 | -17% | 403,109 | $10,090,911 |
| ROG | Red Sky Energy. | 0.005 | -17% | 1,181,119 | $31,813,363 |
| MGA | Metalsgrovemining | 0.105 | -16% | 5,171 | $4,650,063 |
| BIT | Biotron Limited | 0.076 | -16% | 16,645,768 | $81,175,041 |
| FTC | Fintech Chain Ltd | 0.011 | -15% | 18,000 | $8,460,005 |
| LPM | Lithium Plus | 0.475 | -15% | 1,935,628 | $36,953,392 |
| EME | Energy Metals Ltd | 0.17 | -15% | 61,517 | $41,936,662 |
| C1X | Cosmosexploration | 0.285 | -15% | 327,631 | $14,899,125 |
Come on you lot, do something.
TRADING HALTS
Accelerate Resources (ASX:AX8) – Pending an announcement in regarding a potential material acquisition and associated capital raising
Cauldron Energy (ASX:CXU) – Pending an announcement by the Company regarding a material capital raising
Neurotech (ASX:NTI) – Pending the release of the results of the Company’s Phase I/II clinical trial in paediatric patients with PANDAS/PANS
Dimerix (ASX:DXB) – Pending the release of an announcement regarding a licensing agreement.
