Rise and Shine: Everything you need to know before the ASX opens

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