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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, is this the next battery metals IPO moonshot, what makes Pro Medicus such a standout, and all the data coming your way this week.
But first, the day ahead.
A quiet start to the week for local data, thank goodness.
Overseas, the Federal Reserve Bank of New York releases US consumer inflation expectations, which stand at a record high 6.6%.
In China, international trade data for April is announced.
“Exports could lift just 1.8% on a year ago with imports down 3.2% over the year in April, due to renewed supply chain and transport snarls,” CommSec says.
TRADING HALTS
The following companies are in trading halts and are expected out in the coming days:
Incannex Healthcare (ASX:IHL) – trading halt, pending results of its extensive preclinical study assessing IHL-216A in a sports concussion model
Spirit Technology Solutions (ASX: ST1) – trading halt, pending an announcement in relation to the Fixed Wireless Infrastructure Divestment
Minbos Resources (ASX:MNB) – trading halt, pending the release of a material announcement regarding the company’s Green Ammonia Project
Tombola Gold (ASX:TBA) – trading halt, regarding a proposed capital raising
MARKETS (updated at 8am AEDT)
Gold: $US1,882.93 (+0.32%)
Silver: $US22.338 (-0.73%)
Nickel (3mth): $US30,020/t (-1.08%)
Copper (3mth): $US9,424.00/t (+0.59%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, May 4): $US72,650/t (0.0% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 4): $US73,275/t (0.0% weekly)
Oil (WTI): $US109.770 (+1.39%)
Oil (Brent): $US113.05 (+1.94%)
Iron 62pc Fe: $US142.00 (+0.00%)
AUD/USD: $US0.7081 (-0.4539%)
Bitcoin: $US34,665 (-2.24%)
WHAT GOT YOU TALKING OVER THE WEEKEND?
Unlike its peers, mammoth miner BHP (ASX:BHP) says it will not dip its toe into lithium because the rush will be short-lived. Stupid or smart?
#BHP vows to stay out of #lithium rush with shortages set to fade https://t.co/SnHt1k6uUT
“We recognize that at the moment there’s short-term S-D conversations,…” “How that plays out over the next 20 or 30 yrs, I don’t think it will last.”
BHP doesn’t seem to have a clue.— Juan Carlos Zuleta (@jczuleta) May 8, 2022
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For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.
Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
LAST WEEK’S BIGGEST SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for May 2–6:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| E33 | East 33 Limited. | 0.075 | 200% | $18,020,421 |
| PBX | Pacific Bauxite Ltd | 0.19 | 90% | $8,648,326 |
| OEQ | Orion Equities | 0.375 | 79% | $4,773,015 |
| HCD | Hydrocarbon Dynamic | 0.032 | 68% | $16,437,484 |
| RAB | Adrabbit Limited | 0.041 | 64% | $9,475,874 |
| MMA | Maronanmetalslimited | 0.32 | 60% | $24,000,003 |
| SRK | Strike Resources | 0.2125 | 52% | $60,750,000 |
| JAV | Javelin Minerals Ltd | 0.0015 | 50% | $13,759,879 |
| MTC | Metalstech Ltd | 0.355 | 48% | $56,665,961 |
| IVZ | Invictus Energy Ltd | 0.275 | 45% | $190,812,545 |
| 99L | 99 Loyalty Ltd. | 0.048 | 41% | $55,664,772 |
| MMG | Monger Gold Ltd | 0.39 | 39% | $9,250,000 |
| BEL | Bentley Capital Ltd | 0.11 | 38% | $8,374,071 |
| SIH | Sihayo Gold Limited | 0.004 | 33% | $14,741,846 |
| ICT | Icollege Limited | 0.13 | 30% | $140,757,854 |
| BMR | Ballymore Resources | 0.24 | 30% | $17,634,739 |
| NET | Netlinkz Limited | 0.058 | 29% | $179,473,818 |
| RHI | Red Hill Iron | 4.38 | 28% | $277,652,448 |
| AZI | Altamin Limited | 0.096 | 28% | $37,996,525 |
| BIT | Biotron Limited | 0.093 | 27% | $63,173,944 |
| LEL | Lithenergy | 1.535 | 26% | $76,950,000 |
| ROG | Red Sky Energy. | 0.0075 | 25% | $42,417,818 |
| FRM | Farm Pride Foods | 0.16 | 23% | $8,001,125 |
| AR1 | Australresources | 0.24 | 23% | $63,755,533 |
| SUH | Southern Hem Min | 0.027 | 23% | $7,919,849 |
| PKO | Peako Limited | 0.022 | 22% | $7,402,898 |
| AVE | Avecho Biotech Ltd | 0.022 | 22% | $34,918,438 |
| TBA | Tombola Gold Ltd | 0.065 | 20% | $54,377,895 |
| RTG | RTG Mining Inc. | 0.096 | 20% | $76,443,898 |
Seafood wrangler East 33 (ASX:E33) is “significantly ahead of expectation” following a strong April performance.
Former struggler Pacific Bauxite (ASX:PBX) recommenced trading on the ASX following a recapitalisation. It has $4m in cash to explore its PGE projects in WA.
Hydrocarbon Dynamics (ASX:HCD) reveals that a recently announced order to chemically treat 30 wells, plus a follow up order, came from oil and gas giant Santos.
LAST WEEK’S BIGGEST SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks for May 2 – 6:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| AMS | Atomos | 0.345 | -52% | $133,410,951 |
| ALT | Analytica Limited | 0.001 | -50% | $4,613,801 |
| YPB | YPB Group Ltd | 0.001 | -50% | $6,117,834 |
| OVN | Oventus Medical Ltd | 0.018 | -49% | $5,317,984 |
| RCW | Rightcrowd | 0.064 | -47% | $17,755,872 |
| BKG | Booktopia Group | 0.45 | -36% | $64,558,871 |
| ARV | Artemis Resources | 0.04 | -34% | $63,863,225 |
| ALY | Alchemy Resource Ltd | 0.025 | -34% | $23,826,851 |
| SDV | Scidev Ltd | 0.26 | -34% | $50,721,303 |
| ZLD | Zelira Therapeutics | 1.4 | -34% | $13,360,077 |
| NHE | Nobleheliumlimited | 0.2 | -33% | $17,625,412 |
| IOU | Ioupay Limited | 0.095 | -32% | $53,486,970 |
| MLS | Metals Australia | 0.1025 | -32% | $43,512,637 |
| IHR | intelliHR Limited | 0.11 | -31% | $42,392,614 |
| HVM | Happy Valley | 0.052 | -31% | $12,539,243 |
| RTH | Ras Tech | 0.52 | -30% | $24,774,929 |
| TPW | Temple & Webster Ltd | 4.33 | -29% | $595,342,040 |
| AQC | Auspaccoal Ltd | 0.17 | -29% | $8,582,418 |
| QHL | Quickstep Holdings | 0.475 | -29% | $36,530,282 |
| IMB | Intelligent Monitor | 0.22 | -29% | $14,630,968 |
| REM | Remsensetechnologies | 0.235 | -29% | $8,553,759 |
| HMI | Hiremii | 0.05 | -29% | $5,610,959 |
| MKL | Mighty Kingdom Ltd | 0.07 | -29% | $8,026,828 |
| TSL | Titanium Sands Ltd | 0.015 | -29% | $18,749,174 |
| AJX | Alexium Int Group | 0.043 | -28% | $29,036,547 |
| WMG | Western Mines | 0.245 | -28% | $8,974,963 |
| ABB | Aussie Broadband | 4.04 | -28% | $952,868,892 |
| NC1 | Nicoresourceslimited | 1.135 | -28% | $110,807,503 |
| MPG | Manypeaksgoldlimited | 0.405 | -28% | $14,124,880 |
| NIM | Nimyresourceslimited | 0.4 | -27% | $18,779,893 |
| WA1 | Wa1Resourcesltd | 0.16 | -27% | $5,667,001 |
| LPE | Locality Planning | 0.051 | -27% | $9,414,280 |
| EMS | Eastern Metals | 0.165 | -27% | $6,408,000 |
| HMD | Heramed Limited | 0.14 | -26% | $31,783,173 |
| PIL | Peppermint Inv Ltd | 0.014 | -26% | $29,956,284 |
| GED | Golden Deeps | 0.0155 | -26% | $19,637,709 |
| IVO | Invigor Group Ltd | 0.04 | -26% | $7,200,394 |
| WRM | White Rock Min Ltd | 0.145 | -26% | $22,076,620 |
| IAM | Income Asset | 0.145 | -26% | $49,719,748 |
| LRV | Larvottoresources | 0.305 | -26% | $12,980,363 |
| BCC | Beam Communications | 0.25 | -25% | $22,901,809 |
| BEX | Bikeexchange Ltd | 0.05 | -25% | $8,861,389 |
| AHK | Ark Mines Limited | 0.34 | -25% | $12,824,390 |
| BASDA | Bass Oil Ltd | 0.045 | -25% | $7,380,290 |
| EVE | EVE Health Group Ltd | 0.0015 | -25% | $6,464,713 |
| KEY | KEY Petroleum | 0.003 | -25% | $5,903,784 |
| LV1 | Live Verdure Ltd | 0.225 | -25% | $9,464,473 |
| NUHDB | Nuheara Limited | 0.18 | -25% | $17,641,526 |
| PO3 | Purifloh Ltd | 0.45 | -25% | $14,185,574 |
| VOL | Victory Offices Ltd | 0.105 | -25% | $16,574,042 |
| XST | Xstate Resources | 0.003 | -25% | $11,253,136 |
| SPX | Spenda Limited | 0.0135 | -25% | $41,085,188 |
| CCG | Comms Group Ltd | 0.083 | -25% | $33,241,490 |
| AFA | ASF Group Limited | 0.04 | -25% | $31,707,452 |
| TMZ | Thomson Res Ltd | 0.031 | -24% | $20,793,627 |
| WMC | Wiluna Mining Corp | 0.56 | -24% | $118,336,369 |
| VR8 | Vanadium Resources | 0.11 | -24% | $54,407,923 |
| RNU | Renascor Res Ltd | 0.22 | -24% | $505,665,882 |
| TEM | Tempest Minerals | 0.076 | -24% | $40,379,108 |
| 1AG | Alterra Limited | 0.016 | -24% | $4,444,420 |
| CZR | CZR Resources Ltd | 0.013 | -24% | $48,808,526 |
| PGY | Pilot Energy Ltd | 0.023 | -23% | $13,114,148 |
| AUH | Austchina Holdings | 0.01 | -23% | $22,063,375 |
| CRS | Caprice Resources | 0.1 | -23% | $8,222,347 |
| EGY | Energy Tech Ltd | 0.06 | -23% | $16,336,513 |
| GRE | Greentechmetals | 0.185 | -23% | $5,721,812 |
| AIV | Activex Limited | 0.044 | -23% | $9,512,913 |
| AYT | Austin Metals Ltd | 0.017 | -23% | $17,269,869 |
| EM1 | Emerge Gaming Ltd | 0.017 | -23% | $19,060,993 |
| CTT | Cettire | 0.51 | -23% | $217,305,785 |
| AVL | Aust Vanadium Ltd | 0.055 | -23% | $207,896,568 |
| REC | Rechargemetals | 0.31 | -23% | $11,078,050 |
| PVS | Pivotal Systems | 0.31 | -23% | $49,422,913 |
| LPM | Lithium Plus | 0.71 | -22% | $34,802,196 |
| AEV | Avenira Limited | 0.014 | -22% | $16,017,351 |
| AHN | Athena Resources | 0.007 | -22% | $6,503,740 |
| MIO | Macarthur Minerals | 0.35 | -22% | $56,438,721 |
| ACW | Actinogen Medical | 0.067 | -22% | $126,354,711 |
| BNR | Bulletin Res Ltd | 0.1675 | -22% | $50,765,790 |
| STP | Step One Limited | 0.6 | -22% | $114,910,980 |
| BWX | BWX Limited | 1.3875 | -22% | $238,860,015 |
| SCT | Scout Security Ltd | 0.039 | -22% | $5,982,391 |
| WC8 | Wildcat Resources | 0.032 | -22% | $20,003,455 |
| B4P | Beforepay Group | 0.36 | -22% | $12,861,666 |
| GBZ | GBM Rsources Ltd | 0.094 | -22% | $51,792,568 |
| AS2 | Askarimetalslimited | 0.545 | -22% | $24,669,470 |
| NRX | Noronex Limited | 0.051 | -22% | $8,693,449 |
| LRD | Lordresourceslimited | 0.31 | -22% | $9,697,156 |
| EDE | Eden Inv Ltd | 0.011 | -21% | $25,477,184 |
| TMK | TMK Energy Limited | 0.011 | -21% | $34,560,000 |
| WZR | Wisr Ltd | 0.11 | -21% | $149,182,520 |
| KGN | Kogan.Com Ltd | 3.57 | -21% | $404,186,339 |
| AM7 | Arcadia Minerals | 0.24 | -21% | $8,573,163 |
| RDN | Raiden Resources Ltd | 0.013 | -21% | $19,791,155 |
| ESS | Essential Metals Ltd | 0.52 | -21% | $141,221,592 |
| PGM | Platina Resources | 0.041 | -21% | $18,244,058 |
| CPM | Coopermetalslimited | 0.355 | -21% | $9,997,400 |
| ECT | Env Clean Tech Ltd. | 0.0245 | -21% | $46,338,795 |
| KNI | Kunikolimited | 0.91 | -21% | $39,191,100 |
| AX8 | Accelerate Resources | 0.038 | -21% | $10,274,897 |
| MXO | Motio Ltd | 0.057 | -21% | $15,246,814 |
| NGY | Nuenergy Gas Ltd | 0.023 | -21% | $37,023,887 |
| AN1 | Anagenics Limited | 0.035 | -20% | $8,398,810 |
| ODE | Odessa Minerals Ltd | 0.0175 | -20% | $9,668,720 |
| 3DA | Amaero International | 0.215 | -20% | $46,671,324 |
| AFW | Applyflow Limited | 0.002 | -20% | $5,915,216 |
| AJQ | Armour Energy Ltd | 0.008 | -20% | $18,355,062 |
| GLA | Gladiator Resources | 0.024 | -20% | $13,290,418 |
| KLI | Killiresources | 0.24 | -20% | $8,580,000 |
| LNY | Laneway Res Ltd | 0.004 | -20% | $31,510,082 |
| TD1 | Tali Digital Limited | 0.008 | -20% | $11,023,125 |
| BGT | Bio-Gene Technology | 0.2 | -20% | $39,832,497 |
| BRU | Buru Energy | 0.16 | -20% | $86,150,879 |
| GTG | Genetic Technologies | 0.004 | -20% | $36,935,861 |
| ICI | Icandy Interactive | 0.1 | -20% | $138,486,139 |
| CR9 | Corellares | 0.037 | -20% | $12,639,995 |
| POD | Podium Minerals | 0.37 | -20% | $117,976,402 |
| NIS | Nickelsearch | 0.165 | -20% | $11,132,316 |
| 1MC | Morella Corporation | 0.029 | -19% | $165,638,848 |
| JGH | Jade Gas Holdings | 0.05 | -19% | $28,685,612 |
| OVT | Ovato Limited | 0.125 | -19% | $18,242,078 |
| GLH | Global Health Ltd | 0.23 | -19% | $14,728,939 |
| NSB | Neuroscientific | 0.23 | -19% | $33,715,836 |
| CG1 | Carbonxt Group | 0.23 | -19% | $49,196,252 |
| PTR | Petratherm Ltd | 0.105 | -19% | $24,722,625 |
| CDT | Castle Minerals | 0.042 | -19% | $45,976,677 |
| HOR | Horseshoe Metals Ltd | 0.034 | -19% | $20,728,729 |
| LRK | Lark Distilling Co. | 2.88 | -19% | $235,708,960 |
| EXL | Elixinol Wellness | 0.043 | -19% | $13,599,420 |
| ARL | Ardea Resources Ltd | 1.315 | -19% | $232,540,748 |
| PAK | Pacific American Hld | 0.013 | -19% | $6,212,406 |
| PUA | Peak Minerals Ltd | 0.013 | -19% | $13,537,820 |
| SKF | Skyfii Ltd | 0.0715 | -19% | $31,048,404 |
| RDT | Red Dirt Metals Ltd | 0.435 | -19% | $136,392,074 |
| ICE | Icetana Limited | 0.035 | -19% | $5,977,653 |
| HCH | Hot Chili Ltd | 1.34 | -19% | $150,395,105 |
| IBX | Imagion Biosys Ltd | 0.044 | -19% | $52,697,271 |
| SPT | Splitit | 0.265 | -18% | $119,934,971 |
| AL3 | Aml3D | 0.062 | -18% | $9,478,878 |
| ENT | Enterprise Metals | 0.0155 | -18% | $10,958,997 |
| MR1 | Montem Resources | 0.031 | -18% | $7,984,393 |
| CIO | Connected Io Ltd | 0.04 | -18% | $13,988,456 |
| CL8 | Carly Holdings Ltd | 0.04 | -18% | $4,652,879 |
| NZK | NZK Salmon Ltd | 0.245 | -18% | $30,940,295 |
| ADR | Adherium Ltd | 0.009 | -18% | $19,874,260 |
| CUL | Cullen Resources | 0.018 | -18% | $7,323,459 |
| M3M | M3Mininglimited | 0.135 | -18% | $4,554,904 |
| PHO | Phosco Ltd | 0.135 | -18% | $32,776,811 |
| CRR | Critical Resources | 0.09 | -18% | $139,835,616 |
| AW1 | Americanwestmetals | 0.16 | -18% | $13,819,500 |
| KWR | Kingwest Resources | 0.16 | -18% | $41,305,414 |
| SHH | Shree Minerals Ltd | 0.0115 | -18% | $14,666,843 |
| WCN | White Cliff Min Ltd | 0.023 | -18% | $16,340,084 |
| CTO | Citigold Corp Ltd | 0.007 | -18% | $19,835,614 |
| MOH | Moho Resources | 0.042 | -18% | $6,246,177 |
| MPR | Mpower Group Limited | 0.028 | -18% | $6,441,478 |
| OAU | Ora Gold Limited | 0.014 | -18% | $13,754,238 |
| TMS | Tennant Minerals Ltd | 0.042 | -18% | $26,512,779 |
| TYM | Tymlez Group | 0.028 | -18% | $31,579,249 |
| MDR | Medadvisor Limited | 0.21 | -18% | $79,415,388 |
| QXR | Qx Resources Limited | 0.056 | -18% | $49,118,015 |
| EX1 | Exopharm Limited | 0.165 | -18% | $26,725,961 |
| SRN | Surefire Rescs NL | 0.033 | -18% | $45,601,205 |
| PRX | Prodigy Gold NL | 0.019 | -17% | $11,652,552 |
| MRR | Minrex Resources Ltd | 0.057 | -17% | $61,531,646 |
| ST1 | Spirit Technology | 0.076 | -17% | $50,518,992 |
| 3DP | Pointerra Limited | 0.2025 | -17% | $138,950,272 |
| HT8 | Harris Technology Gl | 0.043 | -17% | $12,528,410 |
| DOC | Doctor Care Anywhere | 0.215 | -17% | $49,988,424 |
| AKN | Auking Mining Ltd | 0.12 | -17% | $11,247,871 |
| SHO | Sportshero Ltd | 0.024 | -17% | $15,954,242 |
| VTI | Vision Tech Inc | 0.41 | -17% | $10,333,141 |
| AYA | Artryalimited | 0.725 | -17% | $45,411,912 |
| RRR | Revolverresources | 0.315 | -17% | $29,670,358 |
| ILA | Island Pharma | 0.17 | -17% | $7,784,339 |
| 3MF | 3D Metalforge | 0.025 | -17% | $3,610,946 |
| ABV | Adv Braking Tech Ltd | 0.03 | -17% | $11,374,463 |
| AVW | Avira Resources Ltd | 0.005 | -17% | $11,653,345 |
| CBL | Control Bionics | 0.3 | -17% | $15,099,272 |
| CR1 | Constellation Res | 0.2 | -17% | $11,228,721 |
| DLT | Delta Drone Intl Ltd | 0.015 | -17% | $4,798,181 |
| LNU | Linius Tech Limited | 0.01 | -17% | $19,425,394 |
| MEG | Megado | 0.125 | -17% | $5,596,344 |
| ROC | Rocketboots | 0.1 | -17% | $3,492,500 |
| SBR | Sabre Resources | 0.005 | -17% | $15,340,407 |
| TEG | Triangle Energy Ltd | 0.0125 | -17% | $12,903,707 |
| WEL | Winchester Energy | 0.015 | -17% | $15,153,297 |
| AIM | Ai-Media Technologie | 0.4 | -17% | $93,097,309 |
| K2F | K2Fly Ltd | 0.2 | -17% | $35,406,374 |
| MMI | Metro Mining Ltd | 0.025 | -17% | $80,696,782 |
| RGL | Riversgold | 0.06 | -17% | $34,858,212 |
| ITM | Itech Minerals Ltd | 0.53 | -17% | $49,559,998 |
