Rise and Shine: Everything you need to know before the ASX opens

Good morning everyone, and welcome to Thursday, 26 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…

Lowell Resources Fund chief investment officer John Forwood gives us his take on a sector of the ASX resources market full of value. This month, John picks out two uranium explorers with exploration upside.

Stockhead’s Cam Drummond tells us why you’ll be hearing a lot more of Bishop Resources in the coming months – a gold developer that has set up shop in West Africa’s highly-regarded mining jurisdictions of Ghana and Senegal.

And Bevis Yeo runs his ruler over the few standout ASX junior explorers reporting their Q3 results.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,980.74 (+0.54%)

Silver: US$22.85 (-0.34%)

Nickel (3mth): US$18,274/t (+0.53%)

Copper (3mth): US$8,051.50/t (+1%)

Oil (WTI): US$85.25 (+1.77%)

Oil (Brent): US$89.88 (+2.06%)

Iron 62pc Fe: US$118.48/t (+0.2%)

AUD/USD: 0.6294 (-1%)

Bitcoin: US$34,587 (+1.33%)

WHAT GOT YOU TALKING

Low grade iron ore has been resilient in spite of rising enthusiasm for green steel. But Champion Iron says signals for stronger high grade iron ore demand are emerging

Will somebody sort this confusing #ironore narrative out? | #ASX #grades #stocks https://t.co/my6xz4BvJh

— Stockhead (@StockheadAU) October 24, 2023

And…the local market got the shock of its ill-prepared week when some much, much higher-than-expected CPI data dropped for September.

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
HAL	Halo Technologies	0.23	219%	460,418	$9,323,655
DTC	Damstra Holdings	0.225	125%	9,640,780	$25,788,209
HCT	Holista CollTech Ltd	0.013	44%	212,107	$2,509,201
SBR	Sabre Resources	0.047	42%	12,610,729	$9,619,044
IEC	Intra Energy Corp	0.004	33%	630,000	$4,982,345
SIH	Sihayo Gold Limited	0.002	33%	265,024	$18,306,384
RRR	Revolverresources	0.125	32%	251,296	$23,239,305
NIM	Nimyresourceslimited	0.235	31%	1,433,464	$13,944,178
BEZ	Besragoldinc	0.13	30%	4,650,740	$41,810,091
CY5	Cygnus Metals Ltd	0.155	29%	1,212,138	$34,805,117
IVZ	Invictus Energy Ltd	0.195	26%	28,068,024	$192,225,860
1ST	1St Group Ltd	0.01	25%	2,500,000	$11,335,930
CNJ	Conico Ltd	0.005	25%	37,506	$6,280,380
HOR	Horseshoe Metals Ltd	0.011	22%	773,798	$5,791,308
MEL	Metgasco Ltd	0.012	20%	219,256	$10,638,867
SKN	Skin Elements Ltd	0.006	20%	366,250	$2,847,430
TKM	Trek Metals Ltd	0.055	20%	1,904,780	$22,891,444
SRJ	SRJ Technologies	0.093	19%	491,313	$11,792,173
TRIDB	Trivarx Ltd	0.026	18%	1,412,487	$7,385,816
AI1	Adisyn Ltd	0.02	18%	205,263	$2,222,174
HYT	Hyterra Ltd	0.02	18%	126,315	$8,187,178
AOA	Ausmon Resorces	0.0035	17%	166,666	$2,935,948
CCZ	Castillo Copper Ltd	0.007	17%	50,015	$7,797,032
EXT	Excite Technology	0.007	17%	1,094,314	$7,255,450
PKO	Peako Limited	0.007	17%	37,907,980	$3,162,508

Yesterday’s Small Caps highlights:

Smashing it on lite volumes is still HALO Technologies (ASX:HAL). The stock was up over 200% when the sleepy ASX speeding cops finally pulled HAL over, kicking in a tail light as they did.

But there’s an explanation and the best part is it’s brief:

Sabre Resources (ASX:SBR) stock is still up around 40% after revealing it’s just added two ‘highly prospective tenement applications to its ground holding in the northwest Pilbara region of WA, along strike.’ And yes: ‘Only 5km to the northeast of the Andover lithium discovery of Azure Minerals (ASX:AZS)‘

Revolver Resources (ASX:RRR) has finished an additional $3mn in new equity funding, the stock is up and away, although the volume is not 4 to the floor. Revolver has received funds from three existing shareholders for a share placement to each of A$1 million at an issue price of $0.20 per share.

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
NWF	Newfield Resources	0.1	-33%	74,802	$132,307,086
MTH	Mithril Resources	0.001	-33%	26,315	$5,053,207
CHM	Chimeric Therapeutic	0.029	-29%	4,312,095	$21,902,321
AUH	Austchina Holdings	0.003	-25%	700,000	$8,311,535
CCE	Carnegie Cln Energy	0.0015	-25%	207,226	$31,285,147
HLX	Helix Resources	0.003	-25%	49,961,190	$9,292,583
VAL	Valor Resources Ltd	0.003	-25%	356,000	$15,493,339
M2R	Miramar	0.026	-24%	69,203	$5,061,564
PAM	Pan Asia Metals	0.155	-23%	444,172	$31,764,287
DES	Desoto Resources	0.11	-21%	273,277	$8,389,710
ICN	Icon Energy Limited	0.008	-20%	1,552	$7,680,137
LBT	LBT Innovations	0.004	-20%	2,673,181	$1,779,502
NC6	Nanollose Limited	0.033	-18%	20,500	$5,955,455
ADY	Admiralty Resources.	0.005	-17%	895,400	$7,821,475
KPO	Kalina Power Limited	0.005	-17%	741,155	$9,091,175
MTL	Mantle Minerals Ltd	0.0025	-17%	1,202,081	$18,442,338
ROG	Red Sky Energy.	0.005	-17%	2,716,666	$31,813,363
BTN	Butn Limited	0.096	-17%	205,547	$21,047,139
EPX	Ept Global Limited	0.021	-16%	229,500	$11,147,843
SPX	Spenda Limited	0.011	-15%	3,460,285	$47,804,024
PFE	Panteraminerals	0.057	-15%	129,782	$6,567,761
PRS	Prospech Limited	0.018	-14%	1,559,409	$4,614,959
AJQ	Armour Energy Ltd	0.12	-14%	3,685	$14,436,816
AYT	Austin Metals Ltd	0.006	-14%	787,050	$7,111,123
BEX	Bikeexchange Ltd	0.006	-14%	3,710	$10,028,408

TRADING HALTS

Opthea (ASX:OPT) – In order for Opthea to finalise and make an announcement in relation to changes in the senior management structure of the company

Resources and Energy Group (ASX:REZ) – Pending an announcement by REZ to the market in connection with a capital raising
Kiland (ASX:KIL) – Pending an announcement by Kiland in relation to an application to be removed from the official list of ASX.