What you need to know before the ASX opens on Monday 30th October 2023. Picture Getty
Rise and Shine: Everything you need to know before the ASX opens
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Good morning everyone, and welcome to Monday, 30 October.
Aussie shares are poised to fall heavilu at the open, as war in the Middle East escalated over the weekend. At 8am AEST, the ASX 200 index futures was pointing down by -1%.
On Stockhead today…
Graphite stocks have been down on the canvas throughout 2023, threatening to become the never was of the first wave EV investment boom. But Shaw and Partners analyst Peter Kormendy says prices will have to rise to incentivise new mines. We (well, me) take a look at which stocks come into the new week with all the good sort of momentum. And our pet day trader is in hospital one day, at the beach the next… what a life.
But first..
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,006.18 (+1.08%)
Silver: US$23.10 (+1.11%)
Nickel (3mth): US$18,079/t (-1.30%)
Copper (3mth): US$7,985.50/t (-0.58%)
Oil (WTI): US$85.03 (+2.18%)
Oil (Brent): US$90.26 (+2.66%)
Iron 62pc Fe: US$118.55/t (+0.08%)
AUD/USD: 0.6336 (+0.20%)
Bitcoin: US$34,171 (+1.02%)
FRIDAY’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 |
|---|---|---|---|---|---|
| WCG | Webcentral Ltd | 0.305 | 177% | 34,029,854 | $36,203,885 |
| IND | Industrial Minerals | 1.005 | 123% | 5,770,692 | $28,971,000 |
| NZS | New Zealand Coastal | 0.003 | 50% | 9,752,952 | $3,334,020 |
| TOR | Torque Met | 0.22 | 42% | 2,739,165 | $18,704,626 |
| AYT | Austin Metals Ltd | 0.007 | 40% | 62,882 | $5,079,373 |
| IVX | Invion Ltd | 0.007 | 40% | 3,887,216 | $32,108,161 |
| BNR | Bulletin Res Ltd | 0.17 | 36% | 4,303,400 | $36,698,888 |
| HRE | Heavy Rare Earths | 0.095 | 36% | 209,881 | $4,234,155 |
| AVW | Avira Resources Ltd | 0.002 | 33% | 248,516 | $3,200,685 |
| MSI | Multistack International | 0.004 | 33% | 86,000 | $408,912 |
| MTL | Mantle Minerals Ltd | 0.004 | 33% | 41,523,795 | $18,442,338 |
| SIS | Simble Solutions | 0.004 | 33% | 800,109 | $1,808,852 |
| PEC | Perpetual Res Ltd | 0.021 | 31% | 1,054,797 | $9,898,653 |
| ZGL | Zicom Group Limited | 0.06 | 30% | 200,000 | $9,869,760 |
| AMM | Armada Metals | 0.026 | 30% | 37,021 | $2,571,361 |
| LBT | LBT Innovations | 0.005 | 25% | 1,750,400 | $1,423,601 |
| OAR | OAR Resources Ltd | 0.005 | 25% | 1,328,648 | $10,452,543 |
| SFG | Seafarms Group Ltd | 0.005 | 25% | 500,427 | $19,346,397 |
| TMX | Terrain Minerals | 0.005 | 25% | 320,000 | $5,030,575 |
| YPB | YPB Group Ltd | 0.0025 | 25% | 125,000 | $1,486,923 |
| MTC | Metalstech Ltd | 0.18 | 24% | 7,560 | $27,347,666 |
| 1CG | One Click Group Ltd | 0.016 | 23% | 23,986,148 | $7,996,277 |
| CAI | Calidus Resources | 0.195 | 22% | 5,427,225 | $97,260,778 |
| TPC | TPC Consolidated Ltd | 7.6 | 22% | 19,331 | $70,892,856 |
| ERW | Errawarra Resources | 0.175 | 21% | 2,572,553 | $10,078,080 |
Friday’s Small Caps highlights:
Webcentral Group (ASX:WCG) entered into binding agreements with an investment group based in Europe consisting of Oakley Capital and its partners to sell two-thirds of its domain name registry, consumer hosting and email hosting services business for circa $165m.
Webcentral’s MD Joe Demase:
“In partnership with Tom and Jochen, the Oakley team is uniquely positioned to support the next stage of Webcentral’s growth, enabling us to expand our capabilities, further improve our services to clients, and pursue new growth opportunities internationally.”
Industrial Minerals (ASX:IND) has agreed to ‘binding terms’ with North West Quarries for the exclusive option to acquire an 80% interest in the non-construction material mineral rights – which also include lithium and HPQ – at the Pippinagarra Quarry Project near Port Hedland.
“The project is located within world class Pilbara lithium province of Western Australia and near some of the world’s largest hard rock lithium mines. IND hold a number of tenements in the region that are prospective for HPQ and lithium, making the addition of this Project a logical expansion of IND’s activities in the Pilbara region,” the company told the ASX.
Bougainville Copper (ASX:BOC) has this afternoon confirmed a breakthrough has been made with the Autonomous Bougainville Government (ABG) with respect to ending court proceedings relating to the company’s EL01 exploration licence in the Panguna project area.
It’s good progress – the stock has jumped 40%.
REE and gold explorer Terrain Minerals (ASX:TMX) is also ahead after announcing it had raised more than $430k in a non-renounceable entitlement offer. The company says 15.85% of shareholders (187) participated in the offer with a recorded unallocated shortfall of ~$355k.
TMX in September raised ~$785k through a placement to sophisticated and professional 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 |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.001 | -50% | 3,979,292 | $20,529,010 |
| MXC | MGC Pharmaceuticals | 0.001 | -50% | 2,180,264 | $8,855,936 |
| CC9 | Chariot Corporation | 0.255 | -43% | 4,097,408 | $32,999,206 |
| HCT | Holista CollTech Ltd | 0.009 | -31% | 514,492 | $3,624,401 |
| AHN | Athena Resources | 0.003 | -25% | 2,517,894 | $4,281,870 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 467,729 | $31,285,147 |
| DXN | DXN Limited | 0.0015 | -25% | 141,752 | $3,446,680 |
| PNX | PNX Metals Limited | 0.003 | -25% | 650,000 | $21,522,499 |
| LPD | Lepidico Ltd | 0.008 | -20% | 31,249,601 | $76,383,079 |
| RLC | Reedy Lagoon Corp. | 0.004 | -20% | 1,190,663 | $3,083,418 |
| SMS | Star Minerals | 0.035 | -19% | 106,044 | $1,558,870 |
| AUE | Aurum Resources | 0.11 | -19% | 449,333 | $4,240,227 |
| CBY | Canterbury Resources | 0.022 | -19% | 135,000 | $3,902,135 |
| CRS | Caprice Resources | 0.031 | -18% | 171,781 | $4,436,763 |
| KP2 | Kore Potash PLC | 0.009 | -18% | 106,571 | $7,345,837 |
| BOD | BOD Science Ltd | 0.05 | -17% | 340,000 | $10,640,310 |
| ADV | Ardiden Ltd | 0.005 | -17% | 4,572,479 | $16,130,012 |
| EPM | Eclipse Metals | 0.01 | -17% | 2,774,644 | $24,336,718 |
| FFG | Fatfish Group | 0.01 | -17% | 1,761,412 | $14,282,876 |
| TAS | Tasman Resources Ltd | 0.005 | -17% | 45,145 | $4,276,016 |
| AKN | Auking Mining Ltd | 0.037 | -16% | 370,000 | $8,980,563 |
| ESR | Estrella Res Ltd | 0.006 | -14% | 38,337,988 | $10,385,003 |
| EXL | Elixinol Wellness | 0.006 | -14% | 2,323,377 | $4,419,407 |
| HTG | Harvest Tech Grp Ltd | 0.024 | -14% | 1,107,375 | $19,780,973 |
| M24 | Mamba Exploration | 0.03 | -14% | 312,785 | $2,134,417 |
TRADING HALTS
Strandline Resources (ASX:STA) – Pending an announcement by the company in relation to an operating strategy update at the Coburn Project.
Dorsavi (ASX:DVL) – Capital raising.
Emperor Energy (ASX:EMP) – Capital raising.
Nova Eye Medical (ASX:EYE) – Pending an announcement by the Board related to a proposed change to national USA Medicare reimbursement for Minimally Invasive Glaucoma Surgical (MIGS) products.
Associate Global Partners (ASX:APL) – Pending an announcement by the company in connection with an equity raising to be undertaken by way of an entitlement offer.
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