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Rise and Shine: Everything you need to know before the ASX opens
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Good morning everyone, on Stockhead today there is no history lesson because that’s Gregor’s thing.
I’m all business.
Business like the kind Guy Le Page watches while enjoying a Cohiba and relaxing in a custom made whaleskin La-Z-Boy, or how mining experts feel about the outlook for metals in 2024 (that’s Josh Chiat’s), and known copper fiend Jess Cummins being on the lookout for Australia’s next biggest copper discovery.
It’s exciting stuff.
Okay if we really must… happy birthday to the IMF, the Salem Witch trials and Nikola Tesla’s first public radio demonstration.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,044.12 (+0.47%)
Silver: US$22.66 (+0.91%)
Nickel (3mth): US$17,601/t (+0.81%)
Copper (3mth): US$8,448.50/t (-0.30%)
Oil (WTI): US$78.30 (-0.30%)
Oil (Brent): US$82.03 (+0.11%)
Iron 62pc Fe: US$124.86/t (-0.40%)
AUD/USD: 0.6501 (+0.05%)
Bitcoin: US$61,234 (+0.9%)
WHAT GOT YOU TALKING
A lithium short squeeze? Sure, whatever gets you up in the morning.
High Voltage: There’s chatter of a #lithium short squeeze doing the rounds. | #ASX https://t.co/3ZNq8scjmN
— Stockhead (@StockheadAU) February 29, 2024
ASX SMALL CAP LEADERS
Yesterday’s best performing small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| VPR | Volt Power Group | 0.002 | 100% | 2,608,575 | $10,716,208 |
| TD1 | Tali Digital Limited | 0.0015 | 50% | 4,093,013 | $3,295,156 |
| CUE | CUE Energy Resource | 0.1 | 49% | 17,385,237 | $46,774,021 |
| MXO | Motio Ltd | 0.027 | 35% | 314,137 | $5,363,967 |
| HLX | Helix Resources | 0.004 | 33% | 6,213,714 | $6,969,438 |
| MCT | Metalicity Limited | 0.002 | 33% | 2,290,000 | $6,727,581 |
| MRD | Mount Ridley Mines | 0.002 | 33% | 1,246,498 | $11,677,324 |
| RR1 | Reach Resources Ltd | 0.002 | 33% | 12,763,300 | $4,815,446 |
| SFG | Seafarms Group Ltd | 0.004 | 33% | 5,814,958 | $14,509,798 |
| NSB | Neuroscientific | 0.048 | 30% | 4,408,923 | $5,350,380 |
| DCC | Digitalx Limited | 0.068 | 28% | 21,362,896 | $41,726,876 |
| EMP | Emperor Energy Ltd | 0.015 | 25% | 2,054,870 | $4,088,850 |
| SOP | Synertec Corporation | 0.12 | 25% | 204,572 | $41,423,610 |
| RWL | Rubicon Water | 0.5 | 25% | 10,000 | $68,754,042 |
| CTO | Citigold Corp Ltd | 0.005 | 25% | 200,000 | $12,000,000 |
| LNR | Lanthanein Resources | 0.005 | 25% | 257,852 | $5,159,248 |
| NAE | New Age Exploration | 0.005 | 25% | 2,915,000 | $7,175,596 |
| PAB | Patrys Limited | 0.01 | 25% | 1,262,807 | $16,459,579 |
| SRZ | Stellar Resources | 0.01 | 25% | 4,581,561 | $11,490,264 |
| SRX | Sierra Rutile | 0.084 | 24% | 1,889,239 | $28,848,078 |
| FFF | Forbidden Foods | 0.016 | 23% | 468,750 | $2,624,187 |
| NAG | Nagambie Resources | 0.029 | 21% | 206,007 | $19,119,256 |
| HPR | High Peak Royalties | 0.06 | 20% | 30,000 | $10,402,986 |
| MOV | Move Logistics Group | 0.48 | 20% | 54,097 | $46,554,052 |
| AYT | Austin Metals Ltd | 0.006 | 20% | 2,047,170 | $6,425,957 |
Christian was loving this death or glory reaction to local biopharma Nyrada (ASX:NYR), which yesterday morning piled on another 50% in quick time (to go with Wednesday’s 421% bonanza).
Since then, the stock’s come off 53%. So now only 418% up on Tuesday.
Cue Energy Resources (ASX:CUE) was up early in the morning after delivering its half-year, with a 22% lift in revenue to $29.3 million, and an underlying EBITDAX of $19.3 million, up 21%, and a 34% NPAT increase to $9.1 million.
Noxopharm (ASX:NOX) is continuing its recent run of good form, up another 28.2% after it banked some happy 1HFY24 results news.
And Norfolk Metals (ASX:NFL) popped higher after an upbeat projects update for its copper-gold play in Tasmania, and an expansion to its uranium exploration in South Australia.
ASX SMALL CAP LAGGARDS
Today’s best performing small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CMD | Cassius Mining Ltd | 0.01 | -68% | 101,308,707 | $16,802,139 |
| DCX | Discovex Res Ltd | 0.001 | -33% | 311,239 | $4,953,852 |
| DRO | Droneshield Limited | 0.69 | -26% | 24,991,742 | $569,302,858 |
| H2G | Greenhy2 Limited | 0.006 | -25% | 45 | $3,350,047 |
| PKO | Peako Limited | 0.003 | -25% | 3,000 | $2,108,339 |
| HGL | Hudson Investment | 0.15 | -25% | 42 | $11,871,987 |
| MOZ | Mosaic Brands Ltd | 0.15 | -23% | 1,988,534 | $34,808,756 |
| TMG | Trigg Minerals Ltd | 0.007 | -22% | 3,075,923 | $3,372,806 |
| LOM | Lucapa Diamond Ltd | 0.021 | -22% | 6,733,936 | $38,868,117 |
| PLC | Premier1 Lithium Ltd | 0.036 | -20% | 818,454 | $7,855,834 |
| PR1 | Pure Resources | 0.1 | -20% | 539,921 | $3,206,251 |
| AL8 | Alderan Resource Ltd | 0.004 | -20% | 2,028,016 | $5,534,307 |
| MTL | Mantle Minerals Ltd | 0.002 | -20% | 5,163,769 | $15,493,615 |
| WML | Woomera Mining Ltd | 0.004 | -20% | 207,455 | $6,090,695 |
| AGI | Ainsworth Game Tech. | 1.14 | -17% | 46,350 | $463,091,652 |
| PVW | PVW Res Ltd | 0.03 | -17% | 302,224 | $3,650,572 |
| ASR | Asra Minerals Ltd | 0.005 | -17% | 1,887,765 | $9,918,974 |
| CCO | The Calmer Co Int | 0.005 | -17% | 20,088,421 | $6,478,180 |
| DOU | Douugh Limited | 0.005 | -17% | 158,317 | $6,492,414 |
| KRR | King River Resources | 0.01 | -17% | 1,014,131 | $18,642,299 |
| YAR | Yari Minerals Ltd | 0.005 | -17% | 30,000 | $2,894,147 |
| WNR | Wingara Ag Ltd | 0.016 | -16% | 32,110 | $3,335,308 |
| NRX | Noronex Limited | 0.011 | -15% | 227,018 | $4,917,923 |
| VIT | Vitura Health Ltd | 0.14 | -15% | 1,752,370 | $95,019,175 |
| DNA | Donaco International | 0.041 | -15% | 1,138,030 | $59,298,690 |
