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Rise and Shine: Everything you need to know before the ASX opens
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Today on Stockhead, it’s time for an update on hydrogen, Tim Boreham’s plays of the week focus on sporty stocks, and JPMorgan says lithium will crash by… 40pc?
But first, to markets!
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,823.38 (+0.13%)
Silver: US$21.14 (+0.89%)
Nickel (3mth): US$18,723/t (-0.03%)
Copper (3mth): US$7,949.50/t (-0.71%)
Oil (WTI): US$82.89 (-1.58%)
Oil (Brent): US$84.48 (-1.55%)
Iron 62pc Fe: US$119.50/t (+0.04%)
AUD/USD: 0.6341 (+0.25%)
Bitcoin: US$27,670 (+0.49%)
WHAT GOT YOU TALKING
All the best technology is cutting edge technology.
An excellent look by @emdavieswrites on the #ASX #stocks supplying cutting-edge #technology for the #mining and #exploration industry, and the firms using the #tech successfully. https://t.co/kh7gqd35Mb pic.twitter.com/liUQqdO2Vm
— 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 |
|---|---|---|---|---|---|
| DXB | Dimerix Ltd | 0.17 | 179% | 41,784,301 | $24,104,121 |
| BLG | Bluglass Limited | 0.053 | 43% | 13,093,919 | $56,537,689 |
| LML | Lincoln Minerals | 0.007 | 40% | 621,992 | $7,103,559 |
| MRD | Mount Ridley Mines | 0.002 | 33% | 1,999,000 | $11,677,324 |
| NET | Netlinkz Limited | 0.008 | 33% | 904,632 | $21,363,170 |
| TOY | Toys R Us | 0.012 | 33% | 5,722,995 | $8,306,262 |
| ERG | Eneco Refresh Ltd | 0.021 | 31% | 279,000 | $4,357,734 |
| NGS | NGS Ltd | 0.018 | 29% | 1,255,580 | $3,517,184 |
| EWC | Energy World Corpor. | 0.038 | 27% | 164,731 | $92,367,637 |
| MTL | Mantle Minerals Ltd | 0.0025 | 25% | 5,832,162 | $12,294,892 |
| RBR | RBR Group Ltd | 0.0025 | 25% | 750,063 | $3,236,809 |
| TMH | The Market Herald | 0.265 | 23% | 8,943 | $69,009,105 |
| EXP | Experience Co Ltd | 0.24 | 23% | 116,318 | $147,704,190 |
| GTE | Great Western Exp. | 0.049 | 23% | 105,418 | $10,107,925 |
| B4P | Beforepay Group | 0.455 | 21% | 14,617 | $13,128,494 |
| GAP | Gale Pacific Limited | 0.2 | 21% | 56,539 | $46,862,416 |
| NWF | Newfield Resources | 0.15 | 20% | 5,000 | $110,255,905 |
| RGS | Regeneus Ltd | 0.006 | 20% | 54,113 | $1,532,185 |
| LEG | Legend Mining | 0.025 | 19% | 12,330,432 | $60,994,021 |
| HTG | Harvest Tech Grp Ltd | 0.032 | 19% | 2,790 | $19,074,510 |
| S2R | S2 Resources | 0.2 | 18% | 4,959,177 | $69,715,559 |
| RVS | Revasum | 0.135 | 17% | 30,316 | $12,180,415 |
| LRL | Labyrinth Resources | 0.007 | 17% | 41,688 | $7,125,262 |
| M2R | Miramar | 0.043 | 16% | 233,825 | $5,508,173 |
| PVT | Pivotal Metals Ltd | 0.022 | 16% | 1,956,359 | $10,347,406 |
Dimerix (ASX:DXB) came out of a trading halt, hit 100% up ahead of lunch and at 3.30pm in Sydenham, the stock looked comfy, if not positively bouyant at +170%.
The clinical-stage Aussie biopharm announced it’s entered into an exclusive licence agreement for the European Economic Area, the UK, Switzerland, Canada, Australia, and New Zealand for the commercialisation of Dimerix’ Phase 3 drug candidate DMX-200.
And that’s a treatment in development for focal segmental glomerulosclerosis (FSGS) kidney disease, following regulatory approval.
Here’s the X which set it all off.
We are delighted to announce an exclusive license agreement with ADVANZ PHARMA to register & commercialise DMX-200 for #FSGS in the EU, UK, Switzerland, Canada & ANZ: https://t.co/s5FrjJdnSI
— Dimerix (@dimerixltd) October 4, 2023
Meanwhile, clean tech stock and global semiconductor developer BluGlass (ASX:BLG) joined an exclusive club, sharing the news it’s just been named a member of CLAWS.
Yes, CLAWS.
Sadly, it’s not a secret cabal of super villains or a left-leaning plot to bring down Mi5 (or 6), but in fact the…
“Commercial Leap Ahead for Wide-bandgap Semiconductors (CLAWS) Hub”.
Turns out this is “one of eight Microelectronics Commons regional innovation hubs announced by the US Department of Defense (sic)”.
Also climbing the charts was Experience Co (ASX:EXP). Nothing new, although it is worth going back into the FY23 results of late August to say “well done to this kind of let’s-have-fun Aussie business, surviving through the let’s-not-have-fun pandemic”:
• Revenue of $108.6 million (FY22: $55.8 million) reflecting the strongest trading conditions since the emergence of the pandemic and the benefits of the diversification of the portfolio.
• Statutory net loss after tax of $0.5 million (FY22: $13.6 million loss).
• Underlying EBITDA profit of $11.3 million (FY22: $2.4million loss) reflecting the strongest trading result for the business since the onset of the pandemic
• Continued investment in growth including the expansion of Bamurru Plains, 2 new Treetops Adventure sites and the acquisition of the Australian Jump Pilot Academy.
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 C1X Cosmosexploration 0.155 -47% 6,907,596 $13,120,125 TG1 Techgen Metals Ltd 0.02 -31% 1,293,049 $2,237,880 ICN Icon Energy Limited 0.008 -27% 150,485 $8,448,150 CCE Carnegie Cln Energy 0.0015 -25% 1,417,060 $31,285,147 MXC Mgc Pharmaceuticals 0.0015 -25% 1,023,700 $8,855,936 PHL Propell Holdings Ltd 0.014 -22% 25,596 $2,166,399 CTO Citigold Corp Ltd 0.004 -20% 459,628 $14,368,295 DCX Discovex Res Ltd 0.002 -20% 17,245 $8,256,420 JTL Jayex Technology Ltd 0.008 -20% 325,000 $2,812,785 NGY Nuenergy Gas Ltd 0.025 -19% 140,000 $45,909,620 BLU Blue Energy Limited 0.014 -18% 1,414,656 $31,466,551 G88 Golden Mile Res Ltd 0.024 -17% 7,727,549 $9,552,296 ADV Ardiden Ltd 0.005 -17% 50,000 $16,130,012 AHN Athena Resources 0.005 -17% 2,868,300 $6,422,805 BXN Bioxyne Ltd 0.01 -17% 4,592,857 $22,819,745 CNJ Conico Ltd 0.005 -17% 110,000 $9,420,570 CRB Carbine Resources 0.005 -17% 45,000 $3,310,427 EDE Eden Inv Ltd 0.0025 -17% 37,592 $10,090,911 NOX Noxopharm Limited 0.084 -16% 3,227,968 $29,223,795 AAP Australian Agri Ltd 0.016 -16% 75,000 $5,796,890 FTZ Fertoz Ltd 0.075 -16% 321,244 $22,947,299 XF1 Xref Limited 0.17 -15% 28,815 $37,235,258 KNG Kingsland Minerals 0.2 -15% 250,261 $11,604,113 A1G African Gold Ltd. 0.035 -15% 770,688 $6,941,760 OCN Oceanalithiumlimited 0.18 -14% 232,912 $11,146,065
TRADING HALTS
Winsome Resources (ASX:WR1) – pending release of details of a Canadian flow-through capital raising
QX Resources (ASX:QXR) – Pending an announcement regarding a proposed capital raising
FBR (ASX: FBR) – Pending a proposed capital raising
