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
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.