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:

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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:

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