You'll eat it, and you'll like it. Pic via Getty Images.
Rise and Shine: Everything you need to know before the ASX opens
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Good morning everyone, especially those of you who aren’t luxuriating in the warm, comforting embrace of a public holiday.
In the spirit of “we know you’re meant to be on holidays, but the market’s open, so you’re not”, here’s what’s what before things kick off today.
Bevis Yeo has hit the research bag pretty heavily to find out who’s digging where in the hunt for stuff to sell, and Eddy Sunarto’s got the good oil on which stocks are momentum heavy, and a well-timed explainer on what the Simple Moving Average is. Lovely stuff.
Plus Josh Chiat has an unmissable read about the kid from Victoria who travelled the world only to find all the best gold was… just down the road from his boyhood home in Victoria.
And here’s all the bibs and bobs you need to know to get things ticking along today as well.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1848.19 (+0.88%)
Silver: US$22.152 (-1.98%)
Nickel (3mth): US$18,509.00/t (-0.62%)
Copper (3mth): US$8,230/t (+1.46%)
Oil (WTI): US$90.736 (-1.06%)
Oil (Brent): US$92.294 (-0.87%)
Iron 62pc Fe: US$120.79/t (+0.04%)
AUD/USD: 0.6437 (+-0.08%)
Bitcoin: US$27,175.10 (+0.97%)
WHAT GOT YOU TALKING
Hancock Prospecting and Gina Rinehart’s slow-motion move on Liontown is creeping quietly along, while Albemarle’s working through Week 2 of its due diligence having won the battle, but possibly not the war.
Hancock Prospecting and Gina Rinehart are lingering after building a blocking stake in Liontown in excess of 10% at the start of this week. | #mining #exploration https://t.co/IcBaHwI8S8
— Stockhead (@StockheadAU) September 29, 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% | 2,464,680 | $15,642,574 |
| BIT | Biotron Limited | 0.069 | 35% | 19,966,654 | $45,999,190 |
| ADS | Adslot Ltd. | 0.004 | 33% | 197,500 | $9,673,487 |
| PIQ | Proteomics Int Lab | 1.15 | 28% | 1,069,333 | $110,101,249 |
| CZR | CZR Resources Ltd | 0.14 | 27% | 224,468 | $25,930,811 |
| ARE | Argonaut Resources | 0.075 | 25% | 128,390 | $4,389,510 |
| EDE | Eden Inv Ltd | 0.0025 | 25% | 3,124,167 | $6,727,274 |
| SW1 | Swift Networks Group | 0.02 | 25% | 1,576,663 | $9,933,815 |
| EME | Energy Metals Ltd | 0.21 | 24% | 70,006 | $35,646,163 |
| FFF | Forbidden Foods | 0.017 | 21% | 477,909 | $2,616,048 |
| HFY | Hubify Ltd | 0.018 | 20% | 2,254,627 | $7,442,044 |
| ICG | Inca Minerals Ltd | 0.018 | 20% | 25,000 | $7,365,150 |
| G50 | Gold50Limited | 0.15 | 20% | 15,000 | $13,375,089 |
| JAT | Jatcorp Limited | 0.3 | 20% | 85,351 | $20,816,604 |
| T92 | Terrauraniumlimited | 0.15 | 20% | 289,253 | $6,450,645 |
| LML | Lincoln Minerals | 0.006 | 20% | 23,712,216 | $7,103,559 |
| BCB | Bowen Coal Limited | 0.155 | 19% | 7,960,600 | $277,678,164 |
| CXO | Core Lithium | 0.405 | 19% | 70,070,983 | $726,558,085 |
| PKD | Parkd Ltd | 0.025 | 19% | 43,500 | $2,138,185 |
| XST | Xstate Resources | 0.014 | 17% | 10 | $3,858,230 |
| PEN | Peninsula Energy Ltd | 0.145 | 16% | 11,815,964 | $157,224,773 |
| GLA | Gladiator Resources | 0.022 | 16% | 5,762,673 | $11,225,140 |
| LV1 | Live Verdure Ltd | 0.34 | 15% | 213,493 | $33,086,922 |
| AN1 | Anagenics Limited | 0.023 | 15% | 137,500 | $7,312,399 |
| FAL | Falconmetalsltd | 0.155 | 15% | 42,695 | $23,895,000 |
Friday’s Small Caps highlights were:
Biotron (ASX:BIT) added more than 40% on Friday, moving very rapidly on no fresh news (since Tuesday, when it shot up earlier in the week), catching the eye of the ASX Highway Patrol, who issued it a speeding ticket to ask why BIT’s price has launched from a low of $0.032 to a high of $0.07 by 11am.
Biotron responded with a very curt “No idea, sorry” – and that was the end of that discussion.
CZR Resources (ASX:CZR) was up 31.8% early before closing around +27% on news that the Pilbara Ports Authority (PPA) has reviewed the Port of Ashburton Consortium Joint Venture (PAC JV) Project Definition Document for the iron ore export facility and provided conditional support subject to EPA, Main Roads WA and Shire of Ashburton approvals.
Following its review, the PPA has agreed for the PAC JV to submit a Development Application for the POA Export Facility – consent that the company says “represents a significant development for the project”.
Forbidden Foods (ASX:FFF) climbed nicely through 21% to close around the same price later in the day after releasing its annual report to shareholders after hours Thursday.
It’s really long, so I only managed to grab time to skim it, but from what I can see, FFF has spent the year repositioning itself in response to a variable market for its product, reducing costs and making healthier offerings.
However, revenue is down Yoy, $3,733,271 for FY23 against $6,581,489 for FY22 – but the company seems pretty upbeat about what the coming year will hold, and so do investors.
FRIDAY’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 |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -33% | 2,000,000 | $8,737,021 |
| CT1 | Constellation Tech | 0.002 | -33% | 12,625,292 | $4,413,601 |
| VPR | Volt Power Group | 0.001 | -33% | 5,000,011 | $16,074,312 |
| BP8 | Bph Global Ltd | 0.0015 | -25% | 70,000 | $2,669,460 |
| MRD | Mount Ridley Mines | 0.0015 | -25% | 664,000 | $15,569,766 |
| MTB | Mount Burgess Mining | 0.003 | -25% | 3,091,834 | $4,062,587 |
| WBEDC | Whitebark Energy | 0.038 | -24% | 27,800 | $7,339,661 |
| BMR | Ballymore Resources | 0.085 | -23% | 270,184 | $16,081,699 |
| L1M | Lightning Minerals | 0.105 | -22% | 678,020 | $5,307,957 |
| BPP | Babylon Pump & Power | 0.004 | -20% | 187,450 | $12,310,385 |
| TGM | Theta Gold Mines Ltd | 0.125 | -17% | 65,000 | $105,761,251 |
| AMD | Arrow Minerals | 0.0025 | -17% | 25,321,873 | $9,071,295 |
| EMU | EMU NL | 0.0025 | -17% | 286,511 | $4,350,064 |
| KTA | Krakatoa Resources | 0.021 | -16% | 385,015 | $10,872,448 |
| FFT | Future First Tech | 0.009 | -14% | 155,000 | $7,505,784 |
| AHN | Athena Resources | 0.006 | -14% | 150,000 | $7,493,273 |
| AYT | Austin Metals Ltd | 0.006 | -14% | 1 | $7,111,123 |
| DTR | Dateline Resources | 0.012 | -14% | 1,013,754 | $12,396,200 |
| VN8 | Vonex Limited. | 0.013 | -13% | 25,000 | $5,427,429 |
| EXL | Elixinol Wellness | 0.007 | -13% | 721,511 | $5,011,862 |
| VRC | Volt Resources Ltd | 0.007 | -13% | 65,691 | $31,515,391 |
| YPB | YPB Group Ltd | 0.0035 | -13% | 243,950 | $2,973,846 |
| SUV | Suvo Strategic | 0.029 | -12% | 710,875 | $26,746,932 |
| MZZ | Matador Mining Ltd | 0.044 | -12% | 264,802 | $15,771,702 |
| ASE | Astute Metals NL | 0.037 | -12% | 4,261 | $17,241,819 |
TRADING HALTS
Forrestania Resources (ASX:FRS) – in connection with a proposed equity capital raising
Heavy Rare Earths (ASX:HRE) – pending an announcement by the Company to the market in relation a significant upgrade to the Company’s Mineral Resources at its Cowalinya project, located in Western Australia
Buxton Resources (ASX:BUX) – Pending an announcement of results from the Double Magic Project
