Good morning everyone, and welcome to Monday 18 December.
This morning, Emma Davies has an eye-opening report on what’s happening in the world of uranium, Christian Edwards takes a look at what’s coming up in the week ahead, and you’ll find all the usual digits and data to get your motor rumbling before the market opens today, down below.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,019.60 (-0.78%)
Silver: US$23,86 (-1.15%)
Nickel (3mth): US$16,762.00/t (+3.20%)
Copper (3mth): US$8,370.60/t (+0.11%)
Oil (WTI): US$71.79 (+0.22%)
Oil (Brent): US$76.95(+0.46%)
Iron 62pc Fe: US$135.08/t (-0.10%)
AUD/USD: 0.6699 (-0.45%)
Bitcoin: US$41,828.20 (-0.90%)
WHAT GOT YOU TALKING
If you missed any of the action last week, here’s an at-a-glance guide to what went down.
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 |
|---|---|---|---|---|---|
| T3D | 333D Limited | 0.008 | 60% | 2,310,999 | $597,225 |
| JAV | Javelin Minerals Ltd | 0.003 | 50% | 5,177,549 | $2,176,340 |
| CF1 | Complii Fintech Ltd | 0.028 | 40% | 246,514 | $11,358,410 |
| AD1 | AD1 Holdings Limited | 0.008 | 33% | 832,217 | $5,153,550 |
| DCX | Discovex Res Ltd | 0.002 | 33% | 2,545,020 | $4,953,852 |
| KPO | Kalina Power Limited | 0.004 | 33% | 1,462,553 | $6,630,384 |
| M4M | Macro Metals Limited | 0.004 | 33% | 579,784 | $7,401,233 |
| RML | Resolution Minerals | 0.004 | 33% | 5,050,000 | $3,771,875 |
| TKL | Traka Resources | 0.004 | 33% | 200,664 | $2,625,988 |
| BFC | Beston Global Ltd | 0.009 | 29% | 1,197,940 | $13,979,328 |
| MEL | Metgasco Ltd | 0.009 | 29% | 328,166 | $7,447,207 |
| FRX | Flexiroam Limited | 0.028 | 27% | 318,999 | $14,533,358 |
| NXS | Next Science Limited | 0.27 | 26% | 1,397,870 | $62,714,447 |
| EWC | Energy World Corpor. | 0.025 | 25% | 1,977,991 | $61,578,425 |
| DOU | Douugh Limited | 0.005 | 25% | 99,400 | $4,328,276 |
| GMN | Gold Mountain Ltd | 0.005 | 25% | 4,681,608 | $9,076,314 |
| VFX | Visionflex Group Ltd | 0.01 | 25% | 2,361,792 | $11,335,930 |
| CXU | Cauldron Energy Ltd | 0.026 | 24% | 8,941,792 | $23,775,848 |
| GUE | Global Uranium | 0.11 | 21% | 2,869,387 | $19,140,577 |
| ZMI | Zinc of Ireland NL | 0.018 | 20% | 10,000 | $3,197,164 |
| NWF | Newfield Resources | 0.12 | 20% | 15,000 | $90,322,242 |
| RHY | Rhythm Biosciences | 0.18 | 20% | 377,818 | $33,171,388 |
| 1MC | Morella Corporation | 0.006 | 20% | 234,936 | $30,893,997 |
| BPH | BPH Energy Ltd | 0.048 | 20% | 10,060,321 | $41,037,078 |
| ECT | Env Clean Tech Ltd. | 0.006 | 20% | 833,394 | $14,321,552 |
Friday’s Small Caps highlights were:
The Small Caps market was in a rather vague mood on Friday, with a number of the chart leaders at various stages of the day occupying senior positions without fresh news to explain why they were there.
That includes Complii Fintech Solutions (ASX:CF1), which soared 40% post-lunch, with the only recent news to the ASX being the disbursement of performance-related shares to three directors, totalling 26 million shares (about $640,000 worth when issued) a few days prior.
Similarly, Next Science (ASX:NXS) took off after lunch, racing through a 28% gain with a near-tenfold increase in trading volume over the four-week average, again on no fresh news.
Cauldron Energy (ASX:CXU) enjoyed a solid 24% boost in trading price on friday afternoon, with its most recent announcement already two days old – a scoping study from Cauldron’s Bennet Well uranium deposit, part of the company’s Yanrey Uranium Project which encompasses a total area of 1,270km2 about 100km south of the town of Onslow in Western Australia.
Cauldron says that Bennett Well is home to a JORC compliant 30.9 million pounds (about 14,000t) of contained uranium oxide, Indicated plus Inferred Mineral Resource of 38.9 million tonnes grading 360ppm eU3O8.
Microcapper Javelin Minerals (ASX:JAV), was showing a 50% bump according to the steady stream of data pouring out of the ASX computers.
The last piece of information coming directly from Javelin was an entitlement offer prospectus which arrived with very little fanfare from the company on Tuesday, casually announcing that the company is offering a cheeky 1,000,000,000 new shares (and an equally enormous number of attaching options) to existing shareholders at $0.001 a pop.
Both Icon Energy (ASX:ICN) and Resolution Minerals (ASX:RML) posted sizeable percentage gains Friday, in the absence of any market-shifting news.
Global Uranium (ASX:GUE) is up more than 26%, proving that the company name is something of a misnomer as the win has come via news that the company’s exploration licence for the Enmore gold project in New South Wales has been extended for six years.
If the name is unfamiliar to you, you’re not alone – it was recently rebadged from Okapi Resources (ASX:OKR) .
And Gold Mountain (ASX:GMN) climbed, most likely on the back of two announcements to the market yesterday.
The first was a company update, outlining where things are at with Gold Mountain’s activities in Brazil, where it has secured 57 tenements at the application stage in the Jequié Block of the Sao Francisco craton, cheek-by-jowl with Brazilian Rare Earths.
The company also announced it had discovered anomalous lithium concentrations within stream sediment samples at its Juremal project, which is also in Brazil.
FRIDAY’S ASX SMALL CAP LAGGARDS
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 |
|---|---|---|---|---|---|
| MRQ | Mrg Metals Limited | 0.002 | -33% | 12,326,996 | $6,617,756 |
| SIT | Site Group Int Ltd | 0.002 | -33% | 655,555 | $7,807,471 |
| HMD | Heramed Limited | 0.022 | -27% | 475,197 | $8,385,426 |
| FHS | Freehill Mining Ltd. | 0.003 | -25% | 2,141,986 | $11,399,338 |
| PNX | PNX Metals Limited | 0.003 | -25% | 90,491 | $21,522,499 |
| T88 | Taitonresources | 0.1 | -23% | 363,487 | $6,990,691 |
| IVZ | Invictus Energy Ltd | 0.16 | -22% | 36,929,273 | $264,647,124 |
| RNO | Rhinomed Ltd | 0.02 | -20% | 1,504,109 | $7,142,992 |
| 88E | 88 Energy Ltd | 0.004 | -20% | 14,714,755 | $123,204,013 |
| AXN | Alliance Nickel Ltd | 0.039 | -17% | 2,277,045 | $34,114,462 |
| AAJ | Aruma Resources Ltd | 0.025 | -17% | 1,227,053 | $5,906,745 |
| AMD | Arrow Minerals | 0.0025 | -17% | 15,456,376 | $9,071,295 |
| ROG | Red Sky Energy. | 0.005 | -17% | 7,290,728 | $31,813,363 |
| PGM | Platina Resources | 0.021 | -16% | 841,600 | $15,579,508 |
| ZNC | Zenith Minerals Ltd | 0.14 | -15% | 14,200 | $58,142,846 |
| GLA | Gladiator Resources | 0.017 | -15% | 65,000 | $11,815,937 |
| TSI | Top Shelf | 0.17 | -15% | 55,028 | $41,495,172 |
| SHP | South Harz Potash | 0.024 | -14% | 1,920,839 | $20,296,567 |
| 5EA | 5Eadvanced | 0.215 | -14% | 466,682 | $76,915,043 |
| CZN | Corazon Ltd | 0.014 | -13% | 339,366 | $9,849,566 |
| GES | Genesis Resources | 0.007 | -13% | 22,530 | $6,262,730 |
| H2G | Greenhy2 Limited | 0.007 | -13% | 266,075 | $3,350,047 |
| NES | Nelson Resources. | 0.0035 | -13% | 124,169 | $2,454,377 |
| WBE | Whitebark Energy | 0.021 | -13% | 61,202 | $3,929,811 |
| LLO | Lion One Metals Ltd | 0.96 | -12% | 45,040 | $16,473,973 |
TRADING HALTS
Atlantic Lithium (ASX:A11) – pending an announcement to the market regarding a proposed capital raising.
GBM Resources (ASX:GBZ) – pending the release of an announcement regarding a proposed capital raising.