Rise and Shine: Everything you need to know before the ASX opens
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News
Good morning everyone, and welcome to Wednesday, 13 December – an important date on the cultural calendar, as it was on this day in 1759 that the first music store in the United States opened its doors for the first time.
Within 45 minutes, the store’s proprietor – Michael Hillegas – was forced to put up a sign reading “NO STAIRWAY TO HEAVEN” next to the guitar section.
It was a bold move by Hillegas – opening the music store, not the thing with the sign – as the city of Philadelphia was, at that time, still well and truly under the influence of the very religious and ultra-conservative Calvinists and Quakers.
Those communities’ loathing of music and other forms of entertainment was the stuff of legend, and – rumour has it – that both of these factions of Christianity were staunchly opposed to the idea of married couples having sex standing up, as it could lead to people dancing.
The music shop was quite a hit among the city’s population, and led directly to the birth of one of Philadelphia’s greatest musical exports in 1968, who called himself The Fresh Prince.
It was, of course, noted actor Will Smith, who went from being born in Philadelphia to rising through the ranks of the Hollywood elite, culminating in him assaulting a comedian live on TV, just minutes before accepting the highest possible honour the global film industry has to offer.
The City of Brotherly Love, indeed.
But I have some fabulous news for everyone: that sort of egregious assault and horrifying double-standard of behaviour aren’t the kind of thing you’ll find around here at Stockhead, though… because here at Stockhead, we care a lot.
That’s why Rob Badman’s been so busy putting together a wrap-up of what’s happening on the energy market this week, and why Earlybird Eddy Sunarto has dusted off his interview hat, to go talk to the team at Dicker Data about data. Just data.
Plus, below you’ll find all the usual digits and data to get your motor rumbling before the market opens today.
Gold: US$1,979.36 (+0.10%)
Silver: US$22.75 (-0.15%)
Nickel (3mth): US$16,607/t (-1.18%)
Copper (3mth): US$8,341/t (-1.27%)
Oil (WTI): US$68.73 (-3.64%)
Oil (Brent): US$73.49 (-3.36%)
Iron 62pc Fe: US$135.66/t (+0.37%)
AUD/USD: 0.6560 (-0.07%)
Bitcoin: US$41,120 (-0.08%)
Our rapidly growing Stockhead TV team has managed to corner Latin Resources boss Chris Gale for a quickfire chat about all the excitement behind his company’s market-melting Salinas lithium project in South America.
Excitement surrounding Latin Resources’ Salinas lithium project in Brazil continues to bubble as its resource grew more than 50% in size this monthhttps://t.co/HUMwsst3fo #ad #ASX $LRS @LatinRes
— Stockhead (@StockheadAU) December 11, 2023
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% | 270,022 | $10,716,208 |
NGY | Nuenergy Gas Ltd | 0.033 | 38% | 73,000 | $35,542,932 |
BAT | Battery Minerals Ltd | 0.06 | 36% | 2,571,486 | $5,912,038 |
WIN | Widgienickellimited | 0.11 | 34% | 2,297,819 | $24,431,494 |
CYQ | Cycliq Group Ltd | 0.004 | 33% | 216 | $1,072,550 |
IEC | Intra Energy Corp | 0.004 | 33% | 267,111 | $4,982,345 |
RMX | Red Mount Min Ltd | 0.004 | 33% | 125,081 | $8,020,728 |
VRC | Volt Resources Ltd | 0.008 | 33% | 34,787,957 | $24,780,640 |
DOC | Doctor Care Anywhere | 0.06 | 33% | 785,960 | $16,498,901 |
BCA | Black Canyon Limited | 0.15 | 30% | 122,028 | $7,836,268 |
CXU | Cauldron Energy Ltd | 0.024 | 26% | 12,244,668 | $21,511,105 |
ESR | Estrella Res Ltd | 0.005 | 25% | 2,637,333 | $7,037,487 |
T3DDB | 333D Limited | 0.005 | 25% | 80,607 | $425,242 |
REM | Remsensetechnologies | 0.022 | 22% | 121,964 | $1,902,300 |
KNB | Koonenberrygold | 0.034 | 21% | 48,034 | $3,352,974 |
TTT | Titomic Limited | 0.04 | 21% | 12,447,311 | $29,443,976 |
SPQ | Superior Resources | 0.018 | 20% | 1,419,991 | $27,518,306 |
JAY | Jayride Group | 0.03 | 20% | 28,686 | $5,860,228 |
NME | Nex Metals Explorat | 0.03 | 20% | 200,000 | $8,813,313 |
1MC | Morella Corporation | 0.006 | 20% | 635,000 | $30,893,997 |
BLY | Boart Longyear | 1.6 | 19% | 8,542 | $396,533,355 |
DM1 | Desert Metals | 0.059 | 18% | 119,500 | $3,752,054 |
HIQ | Hitiq Limited | 0.021 | 17% | 561,183 | $5,876,238 |
FHS | Freehill Mining Ltd. | 0.0035 | 17% | 15,000 | $8,549,503 |
SIS | Simble Solutions | 0.0035 | 17% | 420,000 | $1,808,852 |
Yesterday’s Small Caps highlights were:
Leading the Small Caps winners on Tuesday was UK-based telehealth company Doctor Care Anywhere Group PLC (ASX:DOC), which is making some decent (and rapid) gains this morning after news broke that the company is set to repay its December 2022 senior loan facility with AXA PPP Healthcare Group.
In second place, it was Widgie Nickel (ASX:WIN), which took off on an uphill sprint late in the day, seemingly of its own accord, as the company hasn’t had much to say to the market for quite some time.
It’s also been on a steady decline in trading price since early October, falling from $0.23 to $0.082 Monday, so this sudden rush of blood to the head is a little mysterious – the price for nickel did jump overnight to reach US$16,300/tonne, but that’s hardly enough to move Widgie’s needle to the extent that it moved yesterday.
Titomic (ASX:TTT) was on a slow burn Tuesday, but managed to squeak into the Top 3 by the close of play, thanks to news that the company has signed on to a strategic manufacturing partnership agreement with Stärke Advanced Manufacturing Group (Stärke), a global, advanced manufacturer headquartered in South Australia.
The announcement makes no specific mention of precisely what the two companies are going to be collaborating on, but it does mention that Stärke is quite heavily into “various high-performance sectors, including defence, aerospace, and automotive”. Make of that what you will.
Here are the worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code | Company | Price | % | Volume | Market Cap |
---|---|---|---|---|---|
PBL | Parabellumresources | 0.078 | -77% | 489,011 | $21,493,500 |
NZS | New Zealand Coastal | 0.001 | -50% | 500 | $3,334,020 |
SHN | Sunshine Metals Ltd | 0.017 | -43% | 73,845,092 | $36,720,253 |
TG6 | Tgmetalslimited | 0.465 | -36% | 9,771,506 | $39,482,902 |
APL | Associate Global | 0.13 | -26% | 40,000 | $9,886,175 |
1AG | Alterra Limited | 0.006 | -25% | 400,000 | $5,572,420 |
AVW | Avira Resources Ltd | 0.0015 | -25% | 169,333 | $4,267,580 |
VBC | Verbrec Limited | 0.065 | -24% | 86,674 | $21,530,471 |
AYT | Austin Metals Ltd | 0.007 | -22% | 1,553,863 | $9,142,872 |
ATH | Alterity Therap Ltd | 0.0055 | -21% | 3,847,908 | $19,616,523 |
EDE | Eden Inv Ltd | 0.002 | -20% | 1,000,000 | $9,167,534 |
YOJ | Yojee Limited | 0.004 | -20% | 126,251 | $6,529,926 |
MHI | Merchant House | 0.041 | -20% | 27,288 | $4,807,591 |
ZNO | Zoono Group Ltd | 0.043 | -19% | 402,368 | $10,066,167 |
NPM | Newpeak Metals | 0.015 | -17% | 592,884 | $1,799,131 |
BMG | BMG Resources Ltd | 0.01 | -17% | 1,083,800 | $7,605,566 |
LTP | Ltr Pharma Limited | 0.32 | -16% | 4,849,616 | $26,754,085 |
BCT | Bluechiip Limited | 0.016 | -16% | 3,378,262 | $14,954,673 |
PRS | Prospech Limited | 0.033 | -15% | 1,897,902 | $8,746,832 |
AYA | Artryalimited | 0.17 | -15% | 289,561 | $15,729,799 |
M2R | Miramar | 0.024 | -14% | 190,003 | $4,168,347 |
NAE | New Age Exploration | 0.006 | -14% | 626,667 | $12,557,292 |
GLN | Galan Lithium Ltd | 0.5 | -14% | 3,579,243 | $204,868,922 |
S2R | S2 Resources | 0.1775 | -13% | 1,904,333 | $84,189,712 |
OEQ | Orion Equities | 0.08 | -13% | 54,446 | $1,439,729 |
Propell (ASX:PHL) – pending an announcement to the market in relation to a capital raising.
Atturra (ASX:ATA) – pending an announcement regarding a fully underwritten Arrow Minerals (ASX: AMD) – halt called in respect of a proposed capital raising and proposed board restructure.
HyTerra (ASX:HYT) – requested for the purposes of finalising an announcement regarding a prospective resources assessment on Project Nemaha in Kansas, USA.
Raiden Resources (ASX:RDN) – pending an announcement by the company to the market in relation to a pending strategic partnership.
Dome Gold Mines (ASX:DME) – pending the release of an announcement regarding a memorandum of understanding relating to an off-take.