On Stockhead today, is this the most overlooked small cap health stock on the ASX? And finally, copper gets some love from the EV transitioners.

But first, the day ahead.

 

TRADING HALTS

These stocks went in halts yesterday and are due out in the coming days

Sierra Rutile (ASX:SRX) – negotiations with Government of Sierra Leone on the Third Amendment Agreement fiscal arrangements.

Anax Metals (ASX:ANX) – response to a price and volume query from the ASX, and a capital raising.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,029.13 (+0.40%)

Silver: US$22.44 (+1.63%)

Nickel (3mth): US$16,007/t (-0.18%)

Copper (3mth): US$8,345.50/t (-0.07%)

Oil (WTI): US$74.55 (-0.27%)

Oil (Brent): US$79.73 (-0.41%)

Iron 62pc Fe: US$135.48/t (+0.04%)

AUD/USD: 0.6583 (+0.16%)

Bitcoin: US$39,282 (-1.76%)

 

WHAT GOT YOU TALKING YESTERDAY?

The boss of WA nickel and PGE hopeful Chalice Mining (ASX:CHN) says global automotive sales would need to collapse for metals prices to stay at current low levels.

“…we have to see a rebound in the palladium price, otherwise the market is effectively forecasting a complete collapse in new vehicle sales.”

 

Meanwhile there’s no slowdown in EV sales, says Bloomberg.

 

Case in point:

 

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our X page.

Also, be sure to check in at preopen each day for ‘Market Highlights and 5 ASX Small Caps to Watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

YESTERDAY’S SMALL CAP LEADERS

Tuesday’s best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
CBE Cobre 0.071 73% 52,051,586 $11,763,351
MSG Mcs Services Limited 0.015 50% 645,243 $1,980,997
TNC True North Copper 0.1 47% 9,428,457 $26,169,219
BXN Bioxyne Ltd 0.016 33% 832,256 $22,819,745
GGE Grand Gulf Energy 0.009 29% 27,906,573 $14,666,729
COY Coppermoly Limited 0.014 27% 1,713,037 $7,657,490
NMR Native Mineral Res 0.029 21% 1,112,936 $5,034,012
AYT Austin Metals Ltd 0.006 20% 538,518 $6,134,373
WTM Waratah Minerals Ltd 0.095 19% 285,499 $11,949,160
BTE Botala Energy 0.089 19% 293,896 $6,176,416
HTA Hutchison 0.039 18% 55,000 $447,892,783
JDO Judo Cap Holdings 1.0975 17% 5,228,338 $1,037,196,279
FDV Frontier Digital Ltd 0.52 17% 296,630 $192,776,818
AHF Aust Dairy Limited 0.014 17% 3,025,906 $7,756,402
CCO The Calmer Co International 0.007 17% 2,443,869 $5,144,971
MTB Mount Burgess Mining 0.0035 17% 103,407 $3,134,440
NOX Noxopharm Limited 0.078 16% 120,778 $19,579,943
FFG Fatfish Group 0.05 16% 23,525,531 $59,780,307
ARN Aldoro Resources 0.095 16% 95,472 $11,039,147
TYX Tyranna Res Ltd 0.015 15% 1,980,551 $42,736,529
MRL Mayur Resources Ltd 0.23 15% 2,675,539 $67,220,239
TBN Tamboran 0.1725 15% 525,541 $309,043,080
CL8 Carly Holdings Ltd 0.016 14% 51,400 $3,757,185
EFE Eastern Resources 0.008 14% 75,000 $8,693,625
RGS Regeneus Ltd 0.008 14% 8,019 $2,145,058
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BHP will give African explorer Cobre (ASX:CBE) US$500,000 as part of its 2024 Xplor program.

CBE intends to use the cash to assess and progress targets which have the potential to host tier-one copper-silver deposits. Fellow recipient Hamelin Gold (ASX:HMG) also made strong gains.

Tim Goyder and Stuart Tonkin-backed Waratah Minerals (ASX:WTM) is drilling at the Spur project in NSW’s Lachlan Fold, down dip from big hits like 86m @ 1.56g/t Au, 536ppm Cu.

First assay results are expected March 2024.

True North Copper (ASX:TNC) signed binding offtake and toll-milling agreements with one of the world’s largest miners, Glencore, for its Cloncurry copper project in Queensland.

Health and wellness stock The Calmer Co (ASX:CCO) says December ecommerce sales have again materially increased and now have surpassed $250,000.

And neobank Judo Capital (ASX:JDO) says December half profit before tax (PBT) was $67m, up 24%, and “ahead of company compiled consensus”. Judo expects second half PBT of $40m–$45m, resulting in FY24 PBT of $107m-$112m.

 

YESTERDAY’S SMALL CAP LAGGARDS

Tuesday’s worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
ME1 Melodiol Global Health 0.001 -50% 389,172,765 $9,833,237
YPB YPB Group Ltd 0.001 -50% 4,400 $1,580,923
GCR Golden Cross 0.002 -33% 4,769,211 $3,291,768
JAV Javelin Minerals Ltd 0.0015 -25% 464,132 $3,267,458
LNR Lanthanein Resources 0.006 -25% 13,441,309 $10,318,495
WML Woomera Mining Ltd 0.006 -25% 21,993,565 $9,745,112
PEC Perpetual Res Ltd 0.0085 -23% 6,758,823 $7,040,324
MI6 Minerals260Limited 0.175 -22% 1,047,314 $52,650,000
AIV Activex Limited 0.012 -20% 100,000 $3,232,539
AAJ Aruma Resources Ltd 0.02 -20% 152,703 $4,922,288
CTO Citigold Corp Ltd 0.004 -20% 283,500 $15,000,000
S3N Sensore Ltd 0.047 -19% 1,102,941 $2,110,808
EDU EDU Holdings Limited 0.11 -19% 112,544 $22,303,950
LM8 Lunnon Metals 0.285 -17% 934,088 $74,912,313
MXC MGC Pharmaceuticals 0.32 -17% 65,881 $16,882,878
CST Castile Resources 0.07 -17% 426,739 $20,319,804
TTT Titomic Limited 0.035 -17% 3,863,983 $38,335,152
G50 Gold50Limited 0.1 -17% 147,763 $13,114,800
PNT Panther Metals 0.05 -17% 60,000 $5,101,500
IEC Intra Energy Corp 0.0025 -17% 687,778 $4,982,345
PRX Prodigy Gold NL 0.005 -17% 3,404,730 $10,506,647
RMX Red Mount Min Ltd 0.0025 -17% 931,416 $8,020,728
VML Vital Metals Limited 0.005 -17% 1,426,796 $35,370,402
WA8 Warriedar Resources 0.041 -16% 913,655 $25,010,673
OEC Orbital Corp Limited 0.088 -16% 137,484 $15,309,707
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