Rise and Shine: Everything you need to know before the ASX opens
Some people will catch any old life-threatening illness just to get a day off. Picture: Getty Images
Today on Stockhead, Michael Washbourne sat in a room with a bunch of uranium explorers and producers, and got their ideas on what our yellowcake-fuelled future looks like.
Eddy Sunarto got to work busting a few IPO investing myths.
And Nadine McGrath looks at the ASX fintechs leveraging AI to further disrupt the banking sector.
And this site is still free.
But first, to markets!
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,992.62 (+0.15%)
Silver: US$23.67 (+0.20%)
Nickel (3mth): US$16,435/t (-3.28%)
Copper (3mth): US$8,353.50/t (-1.13%)
Oil (WTI): US$76.125 (-1.11%)
Oil (Brent): US$80.13 (-2.23%)
Iron 62pc Fe: US$129.84/t (+0.00%)
AUD/USD: 0.6555 (+0.20%)
Bitcoin: US$37,250 (+1.20%)
WHAT GOT YOU TALKING
Nobody cares about your stoopid falling lithium prices.
#Lithium prices continue to fall, down ~75% year-to-date. Incredibly this hasn’t dampened company or punter interest in the #batterymetal. | #ASX #resources https://t.co/fnPwqlXyCq
— Stockhead (@StockheadAU) November 23, 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 |
|---|---|---|---|---|---|
| VPR | Volt Power Group | 0.0015 | 50% | 147,375 | $10,716,208 |
| TAS | Tasman Resources Ltd | 0.007 | 40% | 2,350,084 | $3,563,346 |
| AMM | Armada Metals | 0.055 | 38% | 2,098,453 | $6,902,723 |
| AI1 | Adisyn Ltd | 0.026 | 37% | 69,769 | $2,655,960 |
| AHN | Athena Resources | 0.004 | 33% | 1,852,051 | $3,211,403 |
| MCT | Metalicity Limited | 0.002 | 33% | 390,000 | $6,376,629 |
| SIH | Sihayo Gold Limited | 0.002 | 33% | 20,000 | $18,306,384 |
| POD | Podium Minerals | 0.048 | 30% | 441,871 | $13,480,454 |
| MKL | Mighty Kingdom Ltd | 0.018 | 29% | 5,555 | $5,885,174 |
| SCT | Scout Security Ltd | 0.019 | 27% | 185,196 | $3,486,411 |
| OLI | Oliver'S Real Food | 0.024 | 26% | 286,650 | $8,373,906 |
| PKO | Peako Limited | 0.005 | 25% | 1,477,680 | $2,108,339 |
| TMG | Trigg Minerals Ltd | 0.01 | 25% | 749,937 | $2,998,050 |
| NSB | Neuroscientific | 0.071 | 25% | 15,508 | $8,242,478 |
| CHM | Chimeric Therapeutic | 0.035 | 21% | 50,555,692 | $15,996,234 |
| CAG | Caperangeltd | 0.12 | 20% | 25,000 | $9,490,830 |
| TOR | Torque Met | 0.21 | 20% | 3,014,653 | $22,911,714 |
| ASP | Aspermont Limited | 0.012 | 20% | 4,179,864 | $24,387,637 |
| LVT | Livetiles Limited | 0.006 | 20% | 33,667 | $5,885,553 |
| MOH | Moho Resources | 0.012 | 20% | 8,357,498 | $5,100,666 |
| NGY | Nuenergy Gas Ltd | 0.024 | 20% | 1,269,874 | $29,619,110 |
| SIT | Site Group Int Ltd | 0.003 | 20% | 14,565,841 | $6,506,226 |
| VMS | Venture Minerals | 0.012 | 20% | 3,253,095 | $19,500,130 |
| FL1 | First Lithium Ltd | 0.625 | 19% | 890,743 | $36,777,125 |
| NWF | Newfield Resources | 0.13 | 18% | 115,000 | $97,025,197 |
It was a big day for Armada Metals (ASX:AMM) because even though the price of Li2O has plunged circa three-quarters this year, it certainly hasn’t killed off enthusiasm in the battery metal.
Which leads us to AMM, which has picked up four early-stage lithium exploration projects for $150k cash and 26m shares in the emerging hard rock hub of Brazil.
“This is an exciting transaction for Armada as we diversify both geographically and into lithium, while remaining in the critical metals space,” chairman Rick Anthon says.
Reubs says the $10m capped stock almost recovered its year-to-date losses on the news. It had ~$2m in the bank at the end of September.
Moho Resources (ASX:MOH) charged ahead in early trade before going into a halt “pending the release of exploration results” at the King Charles rare earths (REE) project.
Peak Charles is an early stage clay-hosted REE project near Esperance, says Reuben, where Lord of the Rings inspired prospects like Gimli and Pippin “may indicate the presence of rare earth-enriched intrusions”.
A shallow 43 hole, 1670m drill program along road reserves and existing tracks has been completed, with assays pending.
The $5m capped stock is down 40% year-to-date.
Chimeric Therapeutics (ASX:CHM) and its lead CHM 1301 therapy found support – it was up a full third at the close, following some very positive preclinical data for the cell therapy player.
TODAY’S ASX SMALL CAP LAGGARDS
Here are the day’s worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| BP8 | Bph Global Ltd | 0.001 | -50% | 4,340 | $3,231,126 |
| ACM | Aus Critical Mineral | 0.185 | -49% | 4,964,804 | $10,703,250 |
| AYM | Australia United Min | 0.002 | -33% | 6,033 | $5,527,732 |
| APX | Appen Limited | 0.6125 | -29% | 8,961,076 | $135,584,185 |
| REZ | Resourc & En Grp Ltd | 0.011 | -27% | 1,309,852 | $7,497,087 |
| AVM | Advance Metals Ltd | 0.003 | -25% | 27,462 | $2,889,387 |
| ENT | Enterprise Metals | 0.003 | -25% | 300 | $3,197,884 |
| KPO | Kalina Power Limited | 0.004 | -20% | 751,981 | $7,575,979 |
| LSR | Lodestar Minerals | 0.004 | -20% | 44,937 | $10,116,987 |
| ODE | Odessa Minerals Ltd | 0.008 | -20% | 6,051,042 | $9,471,118 |
| BNZ | Benzmining | 0.295 | -17% | 10,369 | $39,648,698 |
| OZM | Ozaurum Resources | 0.15 | -17% | 5,560,789 | $28,575,000 |
| ESR | Estrella Res Ltd | 0.005 | -17% | 2,500 | $10,554,431 |
| ME1 | Melodiol Glb Health | 0.0025 | -17% | 4,326,622 | $12,654,126 |
| SFG | Seafarms Group Ltd | 0.005 | -17% | 883,654 | $29,019,595 |
| SKN | Skin Elements Ltd | 0.005 | -17% | 568,850 | $3,536,917 |
| PSQ | Pacific Smiles Grp | 0.905 | -16% | 2,902,888 | $172,348,493 |
| BMO | Bastion Minerals | 0.016 | -16% | 295,445 | $3,973,950 |
| 14D | 1414 Degrees Limited | 0.055 | -15% | 81,841 | $15,480,954 |
| RDN | Raiden Resources Ltd | 0.051 | -15% | 72,928,513 | $157,908,491 |
| ACP | Audalia Res Ltd | 0.012 | -14% | 250,000 | $9,689,907 |
| CCO | The Calmer Co Int | 0.006 | -14% | 2,162,166 | $5,719,835 |
| INP | Incentiapay Ltd | 0.006 | -14% | 333,333 | $8,855,445 |
| OAU | Ora Gold Limited | 0.006 | -14% | 64,074,642 | $39,355,173 |
| VAL | Valor Resources Ltd | 0.003 | -14% | 39,231 | $13,556,672 |
TRADING HALTS
Mt Malcolm Mines (ASX:M2M) – Pending an announcement relating to the release of a proposed capital raise
Moho Resources (ASX:MOH) – Pending an announcement regarding the release of exploration results at the Company’s Peak Charles Project
Origin Energy (ASX:ORG) – Pending an announcement with an update in relation to the proposed acquisition of Origin by way of scheme of arrangement
Ballymore Resources (ASX:BMR) – Requested as BMR expects to announce a material financing transaction and an accelerated non-renounceable entitlement offer (ANREO)
Far (ASX:FAR) – Pending the release of information by the Company to the market relating to correspondence received overnight with respect to a potential tax claim from the Tax Authority of the Republic of Senegal regarding the sale by FAR of its interest in the RSSD Project in 2021
Cazaly Resources (ASX:CAZ) – Pending an announcement regarding a propsed equity raise
Botanix Pharmaceuticals (ASX:BOT) – Pending release of an announcement regarding a proposed capital raising
Senetas (ASX:SEN) – Pending release of an announcement regarding a proposed capital raising
Whitebark Energy (ASX:WBE) – Pending release of an announcement regarding a proposed capital raising
TG Metals (ASX:TG6) – Pending release of an announcement regarding a proposed capital raising
Brightstar Resources (ASX:BTR) – Pending release of an announcement regarding a proposed capital raising
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