What you should know before the ASX opens. Picture Getty
Rise and Shine: Everything you need to know before the ASX opens
News
share
Good morning everyone, and welcome to Wednesday, 25 October.
Aussie shares are poised to rise at the open, tracking movements on Wall Street overnight. At 8am AEST, the ASX 200 index futures was pointing up by +0.4%.
On Stockhead today…
How can ASX stocks capitalise on the growing Chinese middle class and younger generation concerned about their health and wellness? Nadine McGrath is there for you. (*Not actually in China.) Peter Strachan continues his look at the value in ASX oil and gas stocks, and Josh Chiat “zooms out” for a look at the week’s iron ore and coal moves and news.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,970.67 (-0.1%)
Silver: US$22.90 (-0.34%)
Nickel (3mth): US$18,177/t (-2.21%)
Copper (3mth): US$7,972/t (+0.3%)
Oil (WTI): US$83.88 (-1.87%)
Oil (Brent): US$88.15 (-1.92%)
Iron 62pc Fe: US$118.19/t (-0.22%)
AUD/USD: 0.6355 (+0.25%)
Bitcoin: US$34,103 (+7.11%)
WHAT GOT YOU TALKING
Are you keeping one eye on the cryptomarket? Maybe you should – Bitcoin surged to over US$33k in afternoon trading on Tuesday.
Are you keeping half an eye on #crypto? Maybe you should. Because something is brewing here, something big. https://t.co/TPbnld1qLe
— Stockhead (@StockheadAU) October 24, 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 |
|---|---|---|---|---|---|
| ERW | Errawarra Resources | 0.145 | 46% | 1,313,884 | $6,880,896 |
| SDG | Sunland Group Ltd | 0.078 | 42% | 6,745,834 | $7,531,119 |
| WOA | Wide Open Agricultur | 0.19 | 31% | 839,786 | $20,775,857 |
| NSM | Northstaw | 0.039 | 30% | 24,221 | $3,603,810 |
| GRE | Greentechmetals | 0.355 | 29% | 800,397 | $15,627,944 |
| HOR | Horseshoe Metals Ltd | 0.009 | 29% | 305,840 | $4,504,351 |
| ARV | Artemis Resources | 0.023 | 28% | 5,881,735 | $28,348,531 |
| ADS | Adslot Ltd. | 0.005 | 25% | 16,166 | $12,897,982 |
| LNU | Linius Tech Limited | 0.0025 | 25% | 66,143 | $8,459,581 |
| RDN | Raiden Resources Ltd | 0.0325 | 25% | 89,928,142 | $60,732,494 |
| CVV | Caravel Minerals Ltd | 0.16 | 23% | 852,642 | $68,156,374 |
| NMR | Native Mineral Res | 0.038 | 23% | 986,611 | $6,247,604 |
| ID8 | Identitii Limited | 0.017 | 21% | 1,680,787 | $5,981,332 |
| ZAG | Zuleika Gold Ltd | 0.017 | 21% | 366,471 | $7,322,709 |
| GRV | Greenvale Energy Ltd | 0.115 | 21% | 308,857 | $41,111,938 |
| BOD | BOD Science Ltd | 0.06 | 20% | 200,050 | $8,866,925 |
| KPO | Kalina Power Limited | 0.006 | 20% | 133,678 | $7,575,979 |
| LVT | Livetiles Limited | 0.006 | 20% | 766,770 | $5,885,553 |
| UCM | Uscom Limited | 0.048 | 20% | 50,000 | $7,621,342 |
| CRS | Caprice Resources | 0.037 | 19% | 200,000 | $3,619,465 |
| DCC | Digitalx Limited | 0.037 | 19% | 5,139,649 | $23,111,090 |
| WC8 | Wildcat Resources | 0.69 | 19% | 19,285,399 | $603,692,713 |
| AML | Aeon Metals Ltd. | 0.013 | 18% | 142,757 | $12,060,407 |
| TNY | Tinybeans Group Ltd | 0.175 | 17% | 144,738 | $12,575,789 |
| BFC | Beston Global Ltd | 0.007 | 17% | 166,666 | $11,982,281 |
Yesterday’s Small Caps highlights:
Errawarra Resources (ASX:ERW), if you’ve still not met somehow, is a WA explorer (mainly into nickel and lithium at present, but also gold and graphite and generally substance agnostic). Ity was up again yesterday – this time after a board change – but it hasn’t taken much of late to get the ERW squad cheering.
ASX Release: #ERW advises that Mr Jonathan Battershill resigned today as a non-executive Director, and would like to thank Mr Battershill for his contributions. #ERW welcomes Mr Bruce Garlick, appointed non-independent non-executive Director to the Board. https://t.co/pudmaymyYv pic.twitter.com/HoGpVGXxEJ
— Errawarra Resources Ltd (@errawarra) October 23, 2023
The stock of Native Mineral Resources (ASX:NMR) jumped after reporting intersected porphyry, (which indicates that zinc mineralisation increases with depth), at its Maneater Hill project in Far North Queensland.
The company was granted the tenement over Maneater Hill in July last year and subsequent drilling recorded massive, semi-massive, and disseminated sulphides for over 370m from a down-hole depth of 107m in one hole.
The long-listed developer Sunland Group (ASX:SDG) has formally applied for delisting from the ASX after near 28 years, during which it adorned the Golden Corner of southern Queensland with landmarks like ‘Q1’ and ‘Palazzo Versace.’
And also climbing aggressively late on Tuesday was Wide Open Agriculture (ASX:WOA), which last week secured final consent and approval for its 100% acquisition of Prolupin and its assets for $4.2m.
And in other big news yesterday:
One of the hottest ASX lithium stocks of 2023, Azure Minerals (ASX:AZS), has been in a trading halt since Monday pending “a potential change of control transaction”. Mining giant, SQM, which already has a major stake in the Mark Creasy-backed billion-dollar explorer, was rebuffed in a takeover bid only a couple of months ago. Maybe it came back to the table with something better for AZS, which is already up 1000% year-to-date.
Junior explorer Pioneer Lithium (ASX:PLN) discovered mineralised pegmatites from its maiden fieldwork at the Red Squirrel Prospect, adjacent to Green Technology Metals (ASX:GT1) Root Bay pegmatite sytstem.
And has the tide finally turned for Treasury Wine Estates (ASX:TWE)? Its shares firmed up after news that Chinese wine tariffs could get sorted soon. Prime Minister Anthony Albanese has confirmed plans to visit Beijing next month to meet Chinese President Xi Jinping, a day after China has given its first indication it’s in the mood to ‘suspend tariffs’ on Australian wine.
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 |
|---|---|---|---|---|---|
| FHS | Freehill Mining Ltd. | 0.002 | -33% | 6,873,418 | $8,534,403 |
| GSM | Golden State Mining | 0.023 | -32% | 11,917,868 | $6,497,001 |
| MKL | Mighty Kingdom Ltd | 0.011 | -27% | 1,412,480 | $4,893,294 |
| DXN | DXN Limited | 0.0015 | -25% | 800,000 | $3,446,680 |
| MXC | Mgc Pharmaceuticals | 0.0015 | -25% | 7,143,154 | $8,855,936 |
| NVQ | Noviqtech Limited | 0.003 | -25% | 463,561 | $4,952,781 |
| KP2 | Kore Potash PLC | 0.01 | -23% | 445,092 | $8,681,443 |
| NXS | Next Science Limited | 0.23 | -21% | 4,208,032 | $77,094,783 |
| CYQ | Cycliq Group Ltd | 0.004 | -20% | 4,000,000 | $1,787,583 |
| MCT | Metalicity Limited | 0.002 | -20% | 40,000 | $9,340,215 |
| JAL | Jameson Resources | 0.041 | -20% | 90,000 | $19,967,066 |
| TAL | Talius Group Limited | 0.009 | -18% | 550,000 | $25,147,533 |
| DAL | Dalaroometalsltd | 0.033 | -18% | 477,878 | $3,264,000 |
| S3N | Sensore Ltd | 0.12 | -17% | 18,486 | $5,277,020 |
| DRE | Dreadnought Resources Ltd | 0.035 | -17% | 33,231,392 | $144,630,509 |
| MHC | Manhattan Corp Ltd | 0.005 | -17% | 9,858,391 | $17,621,879 |
| YPB | YPB Group Ltd | 0.0025 | -17% | 52,409 | $2,230,384 |
| HPC | Thehydration | 0.031 | -16% | 20,000 | $8,886,262 |
| PRS | Prospech Limited | 0.021 | -16% | 1,461,871 | $5,493,999 |
| TOY | Toys R Us | 0.011 | -15% | 10,691,027 | $11,997,935 |
| AJX | Alexium Int Group | 0.017 | -15% | 318 | $13,165,143 |
| MKG | Mako Gold | 0.017 | -15% | 71,002 | $11,520,164 |
| NAG | Nagambie Resources | 0.017 | -15% | 360,660 | $11,634,526 |
| NC6 | Nanollose Limited | 0.04 | -15% | 169,439 | $6,997,659 |
| 88E | 88 Energy Ltd | 0.006 | -14% | 8,627,957 | $154,830,585 |
TRADING HALTS
Melodiol Global Health (ASX:ME1) – Capital raising
Viridis Mining and Minerals (ASX:VMM) – Capital raising
Read MoreMarkets
