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

Good morning everyone, today on Stockhead, Nadine’s very interested in old drugs making a comeback, Eddy’s got a couple of broker upgrades, and Jess chats with Zinc of Ireland’s CEO about… well, zinc.

But first:

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,343.12 (-1.39%)

Silver: US$27.86 (-2.09%)

Nickel (3mth): US$17,797.00/t (-0.08%)

Copper (3mth): US$9,457.50/t (+1.24%)

Oil (WTI): US$85.66 (+0.75%)

Oil (Brent): US$90.45 (+0.79%)

Iron 62pc Fe: US$106.50/t (+1.28%)

AUD/USD: 0.6476 (+0.07%)

Bitcoin: US$64,449.20 (+0.28%)

WHAT GOT YOU TALKING

This uranium deficit. Looks legit.

Even mine restarts in 2024 – which @CG_Driven expects to push #uranium supply up ~7% to 150Mlbs per annum – won't be enough to balance the market. https://t.co/c4oUqDFRPq

— Stockhead (@StockheadAU) April 14, 2024

ASX LARGE CAP WINNERS TODAY:

Code	Name	Last	% Change	Volume	Market Cap
AWC	Alumina Limited	1.60	7%	13,419,274	$4,352,522,126
S32	South32 Limited	3.46	5%	26,749,627	$14,901,260,689
NIC	Nickel Industries	0.90	5%	6,058,517	$3,685,796,497
MAD	Mader Group Limited	6.45	4%	499,281	$1,240,000,000
RIO	Rio Tinto Limited	132.66	4%	1,101,997	$47,478,553,771
ZIM	Zimplats Holding Ltd	18.12	3%	1,528	$1,899,804,505
ELD	Elders Limited	8.50	2%	383,093	$1,307,744,933
CTT	Cettire	3.19	2%	3,119,102	$1,189,463,246
ABG	Abacus Group	1.16	2%	452,338	$1,018,769,702
PWH	Pwr Holdings Limited	11.25	2%	96,928	$1,111,354,489
FBU	Fletcher Building	3.62	2%	647,903	$2,787,635,202
IGO	IGO Limited	7.63	2%	2,952,072	$5,679,508,598
DRR	Deterra	4.81	2%	374,453	$2,500,512,263
EDV	Endeavour	5.32	2%	2,027,638	$9,384,735,289
HLI	Helia Group Limited	3.89	1%	819,293	$1,129,032,448
YAL	Yancoal Aust Ltd	5.75	1%	1,084,852	$7,500,096,002
AIA	Auckland Internation	7.41	1%	242,872	$10,813,829,039

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ASX SMALL CAP LEADERS

Yesterday’s best performing small cap stocks:

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Code	Name	Price	% Change	Volume	Market Cap
MRQ	MRG Metals	0.002	100%	1,500,000	$2,525,119
NRZ	Neurizer Ltd	0.005	67%	32,476,191	$4,504,232
FXG	Felix Gold Limited	0.073	55%	1,212,824	$9,739,110
ERL	Empire Resources	0.003	50%	830,000	$2,225,870
PLL	Piedmont Lithium Inc	0.295	44%	15,883,086	$78,685,663
LU7	Lithium Universe Ltd	0.029	38%	8,329,200	$8,158,960
NVU	Nanoveu Limited	0.023	35%	867,443	$7,576,825
MKL	Mighty Kingdom Ltd	0.004	33%	12,030,897	$1,983,800
TD1	Tali Digital Limited	0.002	33%	510,000	$4,942,733
FTZ	Fertoz Ltd	0.034	31%	149,832	$6,506,471
CVR	Cavalierresources	0.215	30%	411,634	$5,251,771
BNZ	Benzmining	0.190	27%	232,750	$16,691,696
ME1	Melodiol Glb Health	0.005	25%	1,684,535	$2,152,772
MTB	Mount Burgess Mining	0.003	25%	763,864	$2,089,627
TX3	Trinex Minerals Ltd	0.005	25%	144,603	$6,979,637
CY5	Cygnus Metals Ltd	0.090	23%	3,077,209	$21,283,817
BDT	Birddog	0.087	23%	357,779	$13,705,917
MGA	Metalsgrovemining	0.049	23%	193,057	$1,488,020
MAG	Magmatic Resrce Ltd	0.113	22%	764,845	$35,110,783
VKA	Viking Mines Ltd	0.011	22%	1,322,852	$9,227,326
LYN	Lycaonresources	0.205	21%	107,138	$7,489,563
ZER	Zeta Resources Ltd	0.240	20%	55	$106,080,139
ENT	Enterprise Metals	0.003	20%	2,500,099	$2,004,927
OAU	Ora Gold Limited	0.006	20%	1,214,544	$29,030,004

US lithium stock Piedmont (ASX:PLL) received an all-important mining approval for the Carolina Lithium project in North Carolina.

“We plan to develop Carolina Lithium as one of the lowest cost, most sustainable lithium hydroxide operations in the world, and as a critical part of the American electric vehicle supply chain,” PLL boss Keith Phillips says. “The project is expected to contribute billions of dollars of economic output and several hundred jobs to Gaston County and North Carolina’s growing electrification economy.”

Adherium’s (ASX:ADR) Hailie ‘smart inhaler’ received clearance from the U.S. Food and Drug Administration (FDA) for use with AstraZeneca’s Airsupra and Breztri inhalation devices.

Explorer NewPeak (ASX:NPM) will buy an early stage Canadian uranium, rare earths and scandium project for $500,000 in shares.

OzAurum Resources (ASX:OZM) says drilling has started the Boca Rica lithium project in Brazil.

ASX SMALL CAP LAGGARDS

Today’s best performing small cap stocks:

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Code	Name	Price	% Change	Volume	Market Cap
AXP	AXP Energy Ltd	0.0010	-50%	102,041	$11,649,361
RMX	Red Mount Min Ltd	0.0010	-33%	14,277	$4,010,364
TIG	Tigers Realm Coal	0.0040	-27%	99,996	$71,866,863
CHK	Cohiba Min Ltd	0.0030	-25%	8,842	$14,352,977
CNJ	Conico Ltd	0.0015	-25%	805,246	$3,610,190
HCD	Hydrocarbon Dynamic	0.0030	-25%	286	$3,234,329
PPY	Papyrus Australia	0.0100	-23%	138,830	$6,405,004
JPR	Jupiter Energy	0.0200	-20%	7,000	$31,841,305
1AG	Alterra Limited	0.0040	-20%	720,000	$4,353,453
BLZ	Blaze Minerals Ltd	0.0040	-20%	4,597,499	$3,142,791
BXN	Bioxyne Ltd	0.0080	-20%	1,609,522	$19,016,454
CMB	Cambium Bio Limited	0.0080	-20%	2,433,855	$7,660,923
KPO	Kalina Power Limited	0.0040	-20%	130,889	$11,050,640
PEC	Perpetual Res Ltd	0.0090	-18%	326,387	$7,040,324
RFX	Redflow Limited	0.1250	-17%	2,376,282	$35,567,997
CAV	Carnavale Resources	0.0050	-17%	2,000,000	$20,541,310
ESR	Estrella Res Ltd	0.0050	-17%	340,884	$10,556,231
RML	Resolution Minerals	0.0025	-17%	979,186	$4,829,990
RR1	Reach Resources Ltd	0.0025	-17%	656	$9,836,169
SER	Strategic Energy	0.0100	-17%	248,760	$5,829,782
SIT	Site Group Int Ltd	0.0025	-17%	9,000	$7,807,471
TAS	Tasman Resources Ltd	0.0050	-17%	200,800	$4,276,016
TMR	Tempus Resources Ltd	0.0050	-17%	10,000	$4,385,992
SLM	Solismineralsltd	0.1100	-15%	380,747	$10,084,522