Rise and Shine: Everything you need to know before the ASX opens
"There was a loud bang, and bits of the Archbishop went everywhere." Pic via Getty Images.
Good morning everyone, and welcome to 22 February, 2024 – an important day in Church history, as it was on this day in 1173 that Pope Alexander III canonised former Archbishop of Canterbury, Thomas Becket.
According to eyewitnesses, there was “a loud bang, and bits of the Archbishop went everywhere.”
Today is also my birthday, as it was on this day in the early 1970s that someone had a chance to stop me, but didn’t. This is all their fault.
For your perusal this morning, we have Nadine McGrath’s most-excellent look at an ASX-listed cancer fighter working hard to make cancer treatment heart-safe as well, and Eddy’s written something about TrivarX that I haven’t read yet, but I’m assuming will be up to his usual glorious standards.
(Update: I just did, and it’s some amazing medtech stuff.)
And, as always there’s words and numbers down below for you to scour now and then promptly forget the moment the market opens later on this morning.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,031.09 (+0.34%)
Silver: US$23.15 (+0.52%)
Nickel (3mth): US$16,132.50/t (+0.16%)
Copper (3mth): US$8,423.84/t (+0.84%)
Oil (WTI): US$77.27 (+0.08%)
Oil (Brent): US$82.60 (+0.05%)
Iron 62pc Fe: US$128.87/t (+0.09%)
AUD/USD: 0.6569 (+0.24%)
Bitcoin: US$51,880.60 (-0.80%)
WHAT GOT YOU TALKING
Here’s the play-by-play on all the action in Resources you might have overlooked yesterday.
#Resources Top 5: Australian Mines targets more #niobium and #REEs in Brazil; @BastionLimited divests its Cometa #copper project in Chile to… Hot Chili; while Carnavale has high-grade results this week at its Kookynie #gold project in WA. https://t.co/RpX81StfbJ
— Stockhead (@StockheadAU) February 21, 2024
YESTERDAY’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 |
|---|---|---|---|---|---|
| AUZ | Australian Mines Ltd | 0.022 | 29% | 99,591,201 | $19,210,670 |
| TG6 | TG Metals | 0.33 | 27% | 585,387 | $14,062,403 |
| BMG | BMG Resources Ltd | 0.015 | 25% | 17,445,339 | $7,605,566 |
| ATH | Alterity Therap Ltd | 0.005 | 25% | 1,184,017 | $17,531,019 |
| CAV | Carnavale Resources | 0.005 | 25% | 2,098,500 | $13,694,207 |
| SIT | Site Group Int Ltd | 0.0025 | 25% | 1,000,000 | $5,204,980 |
| TMK | TMK Energy Limited | 0.005 | 25% | 5,698,732 | $24,490,317 |
| DEM | De.Mem Ltd | 0.1175 | 22% | 740,829 | $23,549,411 |
| NYR | Nyrada Inc. | 0.022 | 22% | 745,454 | $2,808,157 |
| NGL | Nightingale Intel | 0.067 | 22% | 693,036 | $5,908,860 |
| BMO | Bastion Minerals | 0.012 | 20% | 16,351,661 | $3,114,441 |
| NKL | Nickelxltd | 0.043 | 19% | 943,659 | $3,161,346 |
| TOY | Toys R Us | 0.013 | 18% | 3,293,302 | $10,807,099 |
| CSR | CSR Limited | 7.95 | 17% | 4,323,643 | $3,231,886,884 |
| SRT | Strata Investment | 0.17 | 17% | 113,753 | $24,566,419 |
| C7A | Clara Resources | 0.021 | 17% | 158,742 | $3,402,703 |
| CUL | Cullen Resources | 0.007 | 17% | 454,493 | $3,421,039 |
| NET | Netlinkz Limited | 0.0035 | 17% | 215,480 | $11,635,345 |
| TIA | Tian An Aust Limited | 0.25 | 16% | 38,981 | $18,620,898 |
| AYA | Artryalimited | 0.33 | 16% | 144,510 | $22,414,963 |
| SHO | Sportshero Ltd | 0.015 | 15% | 1,863,928 | $8,031,827 |
| CDA | Codan Limited | 9.68 | 15% | 1,052,099 | $1,523,055,349 |
| MQR | Marquee Resource Ltd | 0.023 | 15% | 1,518,543 | $8,267,688 |
| RCR | Rincon | 0.046 | 15% | 26,915,343 | $8,846,055 |
| AML | Aeon Metals Ltd | 0.008 | 14% | 380,202 | $7,674,804 |
Yesterday’s Small Cap Winners included:
Alterity Therapeutics (ASX:ATH) was out in front on Wednesday morning, rising steadily after presenting new data, including new baseline biomarker data on ATH434 from its ongoing Phase 2 randomised, double blind clinical trial, was presented at the American Academy of Neurology (AAN) 2024 Annual Meeting in Denver, Colorado on Tuesday.
Australian Mines (ASX:AUZ) was up on news of a new, second exploration target prospective for niobium and rare earths at the Jequie Rare Earth Project located within the state of Bahia in Fabulous Brazil.
Rincon Resources (ASX:RCR) continued to make hay from Monday’s announcement that the company has grown its tenement size in the West Arunta region to more than 260km2, after a new exploration licence application was granted over an area that contains the historic ‘Mantati’ copper-lead-zinc occurrence.
Singular Health Group (ASX:SHG) was also in the good books, announcing that it has raised $4,123,142 through a recent capital raising via institutional, sophisticated and professional investors, resulting in the issue of 37,483,101 fully paid ordinary shares.
Argent Minerals (ASX:ARD) has reported extensive gold, silver, copper, lead and zinc mineralisation has been confirmed by a rock chip reconnaissance program over the Henry prospect within the Kempfield project in NSW, returning high-grade polymetallic assays up to 14.05g/t Au, 85.2g/t Ag, 0.5% Cu, 0.41% Pb and 0.28% Zn.
NickelX (ASX:NKL) was back in the news, after issuing an amended announcement relating to the identification of uranium mineralisation and priority target areas from data compilation and review at the Elliot Lake uranium project in Ontario, Canada.
YESTERDAY’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 | 0.0015 | -25% | 40,000 | $4,942,682 |
| AQN | Aquirian | 0.18 | -22% | 10,000 | $18,555,013 |
| KME | Kip McGrath Education | 0.38 | -21% | 185,296 | $27,284,408 |
| MRL | Mayur Resources Ltd | 0.25 | -21% | 919,699 | $105,871,877 |
| AMD | Arrow Minerals | 0.004 | -20% | 18,742,885 | $17,368,825 |
| ROG | Red Sky Energy. | 0.004 | -20% | 4,354,694 | $27,111,136 |
| TAS | Tasman Resources Ltd | 0.004 | -20% | 245,218 | $3,563,346 |
| TMX | Terrain Minerals | 0.004 | -20% | 3,880,000 | $7,158,353 |
| WML | Woomera Mining Ltd | 0.004 | -20% | 25,246 | $6,090,695 |
| CTD | Corp Travel Limited | 16.02 | -19% | 5,145,552 | $2,904,566,058 |
| 5GN | 5G Networks Limited | 0.14 | -18% | 6,053,497 | $58,198,709 |
| ABE | Ausbond Exchange | 0.025 | -17% | 42,000 | $3,380,043 |
| CHL | Camplify Holdings | 2 | -17% | 704,618 | $171,600,838 |
| GCM | Green Critical Min | 0.005 | -17% | 1,001,636 | $6,819,510 |
| M4M | Macro Metals Limited | 0.0025 | -17% | 250,783 | $8,436,233 |
| NTM | Nt Minerals Limited | 0.005 | -17% | 554,375 | $5,159,417 |
| TMB | Tambourah Metals | 0.088 | -16% | 239,948 | $8,708,737 |
| NC1 | Nico Resources | 0.185 | -16% | 106,112 | $24,024,127 |
| ERW | Errawarra Resources | 0.048 | -16% | 707,134 | $5,467,478 |
| ME1 | Melodiol Global Health | 0.012 | -14% | 4,673,016 | $3,946,177 |
| POS | Poseidon Nick Ltd | 0.006 | -14% | 6,318,436 | $25,994,743 |
| RIM | Rimfire Pacific | 0.031 | -14% | 4,071,654 | $79,928,810 |
| REC | Recharge Metals | 0.076 | -14% | 29,413 | $9,798,974 |
| DXB | Dimerix Ltd | 0.205 | -13% | 6,275,143 | $102,727,032 |
| 1TT | Thrive Tribe Tech | 0.014 | -13% | 50,004 | $4,745,944 |
TRADING HALTS
Orica (ASX:ORI) – pending an announcement in relation to a corporate transaction and an associated equity raising.
Allegra Orthopaedics (ASX:AMT) – pending the release of an announcement regarding discussions with financiers regarding the company’s financing arrangements.
Global Uranium and Enrichment (ASX:GUE) – pending the release of an announcement in relation to a capital raising.
American Rare Earths (ASX:ARR) – pending an announcement by the Company in relation to a capital raising.
Lotus Resources (ASX:LOT) – pending an announcement regarding a proposed placement.
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