Just so we're clear, it's not 'normal' for wasps to eat hamburgers for breakfast, but it's not unheard of, either. Pic via Getty Images.
Rise and Shine: Everything you need to know before the ASX opens
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Good morning everyone, and welcome to Tuesday 10 October – a day in history most notable as the anniversary of the death of Abel Tasman, who was reportedly the first European to lay eyes on Tasmania in 1642.
His death on October 10, 1659 marked the first acknowledgment of The Great Curse of Tasmania, which – it is said – causes anyone who is even remotely aware of the existence of Tasmania to perish at some point in the future.
In fact, so powerful is the curse, that it has since spread to include people who don’t know that Tasmania exists to eventually die as well.
It’s a timely reminder that knowledge is a powerful thing – which is why the Stockhead team has been working tremendously hard to bring you the latest and best information you need to get your game on when the market opens each day.
That hard graft includes Guy Le Page’s excellent look at the not-so-excellent world right now, and Eddy Sunarto’s been on the blower with the experts who reckon there’s untapped value in a couple of ASX-listed engineering companies.
And, as always, here’s all the data and digits and bibs and bobs to get your motor running this morning as well.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,861.57 (+1.60%)
Silver: US$21.88 (+1.36%)
Nickel (3mth): US$18,582/t (+0.50%)
Copper (3mth): US$8,046/t (+0.50%)
Oil (WTI): US$86.41 (+4.36%)
Oil (Brent): US$88.14 (+4.21%)
Iron 62pc Fe: US$118.18/t (+0.37%)
AUD/USD: 0.6415 (+0.48%)
Bitcoin: US$27,606 (+0.49%)
WHAT GOT YOU TALKING
Stockhead legend Barry “The Look” FitzGerald turned his steely gaze on why copper stocks aren’t behaving themselves at the moment, and it really caught a lot of eyes over the past few days. If you’ve not already seen it, you really oughta take a look:
The sky has not fallen in on the #copper market, yet the share prices of the #ASX-listed copper #stocks have been taking a pounding, writes Barry FitzGerald. https://t.co/7jVdEkmzN5
— Stockhead (@StockheadAU) October 8, 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 |
|---|---|---|---|---|---|
| FIN | FIN Resources Ltd | 0.019 | 73% | 73,403,256 | $6,831,389 |
| BUY | Bounty Oil & Gas NL | 0.008 | 33% | 7,531,660 | $8,223,006 |
| SFG | Seafarms Group Ltd | 0.006 | 33% | 1,407,973 | $21,764,696 |
| VN8 | Vonex Limited. | 0.024 | 33% | 1,186,090 | $6,512,915 |
| PCK | Painchek Ltd | 0.063 | 31% | 6,812,732 | $67,503,490 |
| EXL | Elixinol Wellness | 0.008 | 23% | 218,798 | $4,103,735 |
| SER | Strategic Energy | 0.016 | 23% | 12,868,069 | $6,315,597 |
| WMG | Western Mines | 0.34 | 21% | 521,281 | $17,514,793 |
| KRR | King River Resources | 0.012 | 20% | 17,141,165 | $15,535,249 |
| RIM | Rimfire Pacific | 0.006 | 20% | 94,466 | $10,526,224 |
| CAI | Calidus Resources | 0.16 | 19% | 1,047,106 | $82,063,781 |
| ADD | Adavale Resource Ltd | 0.013 | 18% | 109,175 | $8,034,062 |
| FGR | First Graphene Ltd | 0.105 | 17% | 1,122,140 | $53,118,475 |
| MOB | Mobilicom Ltd | 0.007 | 17% | 927,402 | $7,960,060 |
| MOH | Moho Resources | 0.007 | 17% | 283,000 | $1,632,213 |
| PKO | Peako Limited | 0.007 | 17% | 953,351 | $2,824,389 |
| RGL | Riversgold | 0.014 | 17% | 1,679,195 | $11,415,137 |
| NGY | Nuenergy Gas Ltd | 0.029 | 16% | 201,690 | $37,023,887 |
| AWJ | Auric Mining | 0.044 | 16% | 93,969 | $4,972,664 |
| AUZ | Australian Mines Ltd | 0.015 | 15% | 1,711,016 | $8,994,929 |
| AX8 | Accelerate Resources | 0.03 | 15% | 17,412,991 | $9,895,646 |
| AIS | Aeris Resources Ltd | 0.19 | 15% | 2,452,190 | $114,006,023 |
| BRN | Brainchip Ltd | 0.1725 | 15% | 18,830,393 | $266,258,722 |
| ADG | Adelong Gold Limited | 0.008 | 14% | 3,238,102 | $4,174,256 |
| GGE | Grand Gulf Energy | 0.008 | 14% | 6,178,576 | $13,067,502 |
Yesterday’s Small Caps highlights were:
Fin Resources (ASX:FIN) was the day’s standout performer, up 64% at the close after its maiden fieldwork program identified abundant spodumene crystals within a broad pegmatite outcrop at Cancet West in James Bay, Canada.
King River Resources (ASX:KRR) secured itself a speeding ticket from the ASX, up 40% in the AM, up 20% in the arvo.
PainChek (ASX:PCK) was up 40% this morning, but then lost 28%. Just like that.
Vonex (ASX:VN8) was up 33%, possibly due to cost cutting, or it could be a random gamble. VN8 does its thing on the cloud and provides the full gamut of traditional telecommunications products such as mobile and internet.
Mobilicom (ASX:MOB) came out the gate strongly, up circa 20% this morning but the surge lacked urge and it closed up 16.7% – possibly because the company has requested an extension prior to an upcoming voluntary delisting to allow shareholders to complete converting their shares into American Depositary Shares.
The day’s late mover was Cleanspace (ASX:CSX), which designs, makes, and flogs “premium respiratory protection equipment for industrial and healthcare markets” – it rose 10% in short order before the close.
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 |
|---|---|---|---|---|---|
| IS3 | I Synergy Group Ltd | 0.008 | -33% | 364,358 | $3,468,964 |
| MCM | Mc Mining Ltd | 0.09 | -33% | 15,905 | $53,954,802 |
| KP2 | Kore Potash PLC | 0.008 | -27% | 89,334 | $7,345,837 |
| RDN | Raiden Resources Ltd | 0.0205 | -27% | 150,864,699 | $65,404,225 |
| AVW | Avira Resources Ltd | 0.0015 | -25% | 170,014 | $4,267,580 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 1,925,938 | $31,285,147 |
| MXC | Mgc Pharmaceuticals | 0.0015 | -25% | 1,125,527 | $8,855,936 |
| SIH | Sihayo Gold Limited | 0.0015 | -25% | 675,000 | $24,408,512 |
| YPB | YPB Group Ltd | 0.003 | -25% | 20,600 | $2,973,846 |
| DTR | Dateline Resources | 0.01 | -23% | 2,961,594 | $11,510,757 |
| NET | Netlinkz Limited | 0.007 | -22% | 1,240,051 | $32,044,755 |
| TAL | Talius Group Limited | 0.007 | -22% | 263,850 | $20,575,254 |
| VMT | Vmoto Limited | 0.175 | -20% | 2,272,694 | $63,852,864 |
| CHK | Cohiba Min Ltd | 0.002 | -20% | 3,020,380 | $5,533,110 |
| ERL | Empire Resources | 0.004 | -20% | 150,000 | $5,564,675 |
| IEC | Intra Energy Corp | 0.004 | -20% | 13,499,898 | $8,303,908 |
| LNU | Linius Tech Limited | 0.002 | -20% | 1,456,100 | $10,574,477 |
| M4M | Macro Metals Limited | 0.004 | -20% | 1,165,531 | $9,935,389 |
| PUA | Peak Minerals Ltd | 0.004 | -20% | 5,324,008 | $5,206,883 |
| BLY | Boart Longyear | 1.195 | -20% | 347 | $440,921,417 |
| IR1 | Irismetals | 1.6 | -20% | 2,718,876 | $241,649,644 |
| ERW | Errawarra Resources | 0.105 | -19% | 645,654 | $9,035,520 |
| GNM | Great Northern | 0.022 | -19% | 51,842 | $4,174,985 |
| 1ST | 1St Group Ltd | 0.009 | -18% | 2,065 | $15,586,903 |
| GML | Gateway Mining | 0.025 | -17% | 43,000 | $7,990,006 |
TRADING HALTS
Tombador Iron (ASX:TI1) – Pending release of an announcement regarding the operations of the Tombador Iron Project
Arovella Therapeutics (ASX:ALA) – Pending an announcement regarding a proposed in-license agreement
SenSen Networks (ASX:SNS) – to allow the company to finalise the terms of a proposed equity capital raising
NT Minerals (ASX:NTM) – Pending an announcement regarding a capital raising
Ragnar Metals (ASX:RAG) – Pending a material release regarding a project acquisition in Sweden
Visioneering Technologies (ASX:VTI) – For the purpose of considering, planning and executing a capital raising and analysing data for an announcement to the market on the top-line interim 1-year results of the PROTECT clinical trial.
