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Rise and Shine: Everything you need to know before the ASX opens
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Today on Stockhead, Dr Boreham puts Optiscan under his microscope for the first time since 2017, the ASX stocks starting the week with strong tailwinds, and the best and cheapest homes for sale in every state.
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
Our pet day trader explains shorting, and why he never does it.
The Secret Broker: So, I was asked the other day to explain how ‘this shorting stock business thing’ worked. https://t.co/qGLSa2DGCo
— Stockhead (@StockheadAU) November 24, 2023
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 |
|---|---|---|---|---|---|
| SHN | Sunshine Metals Ltd | 0.021 | 91% | 143,839,744 | $13,464,093 |
| BP8 | BPH Global Ltd | 0.0015 | 50% | 2,469,341 | $1,615,563 |
| PHO | Phosco Ltd | 0.073 | 46% | 480,182 | $13,720,668 |
| RGL | Riversgold | 0.015 | 36% | 50,607,653 | $10,463,876 |
| AVM | Advance Metals Ltd | 0.004 | 33% | 1,590,000 | $2,167,040 |
| CC9 | Chariot Corporation | 0.955 | 32% | 1,892,875 | $53,165,387 |
| UBI | Universal Biosensors | 0.25 | 32% | 263,955 | $40,350,193 |
| TG1 | Techgen Metals Ltd | 0.105 | 27% | 4,966,522 | $6,404,967 |
| WYX | Western Yilgarn NL | 0.125 | 25% | 117,856 | $4,965,750 |
| ATH | Alterity Therapeutics | 0.005 | 25% | 1,233,482 | $9,759,590 |
| EPM | Eclipse Metals | 0.01 | 25% | 1,632,244 | $16,350,434 |
| FGL | Frugl Group Limited | 0.01 | 25% | 1,536,667 | $7,688,496 |
| GTG | Genetic Technologies | 0.0025 | 25% | 205,268 | $23,083,316 |
| ME1 | Melodiol Global Health | 0.0025 | 25% | 5,546,409 | $8,436,084 |
| BTH | Bigtincan Holdings | 0.18 | 24% | 2,940,318 | $88,051,698 |
| AUN | Aurumin | 0.026 | 24% | 989,960 | $6,687,305 |
| NFL | Norfolk Metals | 0.315 | 24% | 2,605,188 | $7,732,874 |
| RNE | Renu Energy Ltd | 0.016 | 23% | 686,700 | $5,817,358 |
| HIQ | Hitiq Limited | 0.023 | 21% | 29,206 | $5,587,207 |
| NAG | Nagambie Resources | 0.03 | 20% | 705,994 | $14,543,158 |
| SFG | Seafarms Group Ltd | 0.006 | 20% | 1,924,461 | $24,182,996 |
| SKN | Skin Elements Ltd | 0.006 | 20% | 300,000 | $2,947,430 |
| AGH | Althea Group | 0.039 | 18% | 750,204 | $13,069,450 |
| GIB | Gibb River Diamonds | 0.039 | 18% | 2,564 | $6,979,812 |
| 4DX | 4Dmedical Limited | 0.92 | 18% | 3,386,333 | $270,244,018 |
17m at 22.14g/t from 67m…
That was the headline from drilling at Sunshine Metals’ Ravenswood Consolidated Project in North Queensland, where the heavily diluted $24 million micro cap may have struck paydirt in a gold and copper rich feeder zone to its 2.3Mt zinc, gold, copper, lead and silver VMS resource at the Liontown deposit.
It’s a bit of a game changer and why the stock price doubled on Friday.
“The stunning intercepts at Liontown are a great reward for the solid geological work completed by the team,” MD Damien Keys said.
Meanwhile, Riversgold (ASX:RGL) has acquired ‘a key 74 square kilometre tenement application directly along strike – just 8km northeast of the major Andover lithium (spodumene) pegmatite discovery of Azure Minerals (ASX:AZS).’
Nice.
That’s the spot in the lithium-famous Andover Corridor where AZS struck spodumene glory with drilling intersections of up to 209.4m at 1.42% Li2O.
Aurumin (ASX:AUN) said it had executed a deal with Polaris Metals, a subsidiary of Mineral Resources (ASX:MIN), for the sale of the iron ore rights on four of its Mt Dimer exploration tenements in WA.
The Mt Dimer exploration tenements are proximal to MinRes’ Carina iron ore mine.
Key terms of the sale include $250k payable to AUN on satisfaction of the conditions precedent, plus progress payments of ~1.25 million and $1/t royalty on iron ore exported.
FRIDAY’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 |
|---|---|---|---|---|---|
| CSS | Clean Seas Ltd | 0.265 | -25% | 1,836,682 | $58,748,777 |
| MRD | Mount Ridley Mines | 0.0015 | -25% | 521,001 | $15,569,766 |
| BUB | Bubs Aust Ltd | 0.13 | -21% | 10,015,791 | $124,265,466 |
| YOJ | Yojee Limited | 0.004 | -20% | 51,300 | $6,527,426 |
| AKM | Aspire Mining Ltd | 0.061 | -19% | 43,647 | $38,072,774 |
| ADVDB | Ardiden Ltd | 0.195 | -18% | 96,863 | $14,785,844 |
| C1X | Cosmos Exploration | 0.12 | -17% | 413,284 | $6,883,875 |
| GHY | Gold Hydrogen | 0.8 | -17% | 2,151,259 | $54,646,102 |
| PAB | Patrys Limited | 0.0075 | -17% | 7,526,404 | $18,517,026 |
| CT1 | Constellation Tech | 0.0025 | -17% | 11,200 | $4,413,601 |
| NGY | Nuenergy Gas Ltd | 0.02 | -17% | 656,413 | $35,542,932 |
| NRX | Noronex Limited | 0.011 | -15% | 540,182 | $4,917,923 |
| SHO | Sportshero Ltd | 0.017 | -15% | 13,501 | $11,500,022 |
| HYD | Hydrix Limited | 0.018 | -14% | 218,077 | $5,338,596 |
| CTN | Catalina Resources | 0.003 | -14% | 366,566 | $4,334,704 |
| ETR | Entyr Limited | 0.006 | -14% | 1,058,385 | $13,881,727 |
| HCD | Hydrocarbon Dynamic | 0.006 | -14% | 680,003 | $4,547,661 |
| AR3 | Austrare | 0.16 | -14% | 598,258 | $28,520,703 |
| AMM | Armada Metals | 0.052 | -13% | 700,518 | $10,354,084 |
| PRM | Prominence Energy | 0.013 | -13% | 324,116 | $2,308,146 |
| CYG | Coventry Group | 1.175 | -13% | 9,101 | $128,235,684 |
| ZEU | Zeus Resources Ltd | 0.011 | -12% | 842,841 | $5,741,013 |
| MHK | Metalhawk | 0.2 | -11% | 326,123 | $18,050,750 |
| DDT | DataDot Technology | 0.004 | -11% | 1,413,647 | $5,449,288 |
| KP2 | Kore Potash PLC | 0.008 | -11% | 58,941 | $6,021,518 |
