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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, Josh Chiat previews his best of the rest for this Big Ones earnings season, Eddy’s figured out what Made in Australia really means, and Christian has written three stories so we’ll be lucky to see him again this week.
Here’s the other stuff you need before you get stuck in.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,390.60 (+0.47%)
Silver: US$28.68 (+1.58%)
Nickel (3mth): US$19,469.00/t (+4.90%)
Copper (3mth): US$9,707.07/t (+2.55%)
Oil (WTI): US$83.14 (+0.50%)
Oil (Brent): US$87.29 (+0.21%)
Iron 62pc Fe: US$108.25/t (+0.28%)
AUD/USD: 0.6413 (-0.13%)
Bitcoin: US$64,827.10 (-0.22%)
WHAT GOT YOU TALKING
Imagine being that guy who moved to Tasmania to WFH and for the “affordable housing”.
PropTrack's Affordability Hotspots Report helps buyers identify regions that have the most affordable homes in each city and region across the country. | #property https://t.co/FWo8xQA1Pc
— Stockhead (@StockheadAU) April 22, 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 | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| BSE | Base Res Limited | 0.225 | 114% | 30,212,854 | $123,691,244 |
| OSX | Osteopore Limited | 0.185 | 95% | 188,009 | $981,225 |
| ORN | Orion Minerals Ltd | 0.019 | 46% | 16,434,752 | $76,001,701 |
| ZEO | Zeotech Limited | 0.035 | 46% | 6,918,639 | $42,082,154 |
| LNR | Lanthanein Resources | 0.005 | 43% | 75,436,557 | $6,842,181 |
| MRD | Mount Ridley Mines | 0.002 | 33% | 253,966 | $11,677,324 |
| L1M | Lightning Minerals | 0.096 | 30% | 2,067,692 | $3,124,655 |
| NC1 | Nicoresourceslimited | 0.185 | 28% | 609,697 | $15,870,333 |
| RCR | Rincon | 0.034 | 26% | 11,285,812 | $5,971,087 |
| 1AG | Alterra Limited | 0.005 | 25% | 630,000 | $3,482,763 |
| ADY | Admiralty Resources. | 0.006 | 20% | 533,800 | $8,147,370 |
| NTM | Nt Minerals Limited | 0.006 | 20% | 95,000 | $4,299,515 |
| TAS | Tasman Resources Ltd | 0.006 | 20% | 2,986,458 | $3,563,346 |
| VRC | Volt Resources Ltd | 0.006 | 20% | 3,903,820 | $20,793,391 |
| ARL | Ardea Resources Ltd | 0.850 | 20% | 362,118 | $139,882,010 |
| MAG | Magmatic Resrce Ltd | 0.125 | 19% | 1,142,556 | $40,072,090 |
| NNG | Nexion Group | 0.019 | 19% | 2,005,373 | $3,236,926 |
| EMP | Emperor Energy Ltd | 0.013 | 18% | 14,235,541 | $3,748,112 |
| A3D | Aurora Labs Limited | 0.033 | 18% | 772,426 | $8,109,026 |
| GLL | Galilee Energy Ltd | 0.033 | 18% | 135,084 | $9,512,850 |
| IMU | Imugene Limited | 0.083 | 17% | 40,415,777 | $519,706,567 |
| HGL | Hudson Investment | 0.175 | 17% | 9,000 | $8,903,990 |
| GGE | Grand Gulf Energy | 0.007 | 17% | 1,800,440 | $12,571,482 |
| QPM | Queensland Pacific | 0.043 | 16% | 10,920,795 | $74,463,992 |
Absolutely circling the ASX from orbit on Monday was local critical mineral digger Base Resources (ASX:BSE) which revealed a proposed 100% acquisition by NYSE-listed uranium and critical minerals producer, Energy Fuels. Energy Fuels will offer 0.026 shares for every Base share as well as a special unfranked dividend of 6.5c per share, valuing the deal at 30.2c or $375 million. It’s a 188% premium to Base’s last closing price of 10.5c and 173% premium to its 11.1c 20-day VWAP as of April 19.
Next up, Orion Minerals (ASX:ORN) said initial results from diamond drilling at Flat Mine East, part of the Okiep Copper Project in the Northern Cape Province of South Africa, showed the highest-grade drill intercept ever recorded in the area and confirm high-grade copper intercepts returned from drilling completed in 1995 by the previous owners, Goldfields.
Lightning Minerals (ASX:L1M) announced it would acquire option agreements over the Caraibas and Sidronio projects in Brazil’s ‘Lithium Valley’ within the mining state (literally) of Minas Gerais. L1M now holds projects in the three hot hard rock lithium districts globally of WA, Canada and Brazil. Caraibas and Sidronio cover 3372 hectares over seven tenements currently held by a private Australian company called Bengal Mining Pty Ltd.
And Lanthanein Resources (ASX:LNR) says a new large lithium soil anomaly with a strike of ~4km has been identified in the recently completed soil sampling program at Lady Grey Project including a peak result of 454ppm Li2O, with a total of 527 samples returning ≥150ppm Li2O.
ASX SMALL CAP LAGGARDS
Today’s best performing small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -50% | 1,118,367 | $11,649,361 |
| ERG | Eneco Refresh Ltd | 0.008 | -33% | 25,000 | $3,268,300 |
| ARC | ARC Funds Limited | 0.100 | -26% | 22,279 | $5,281,992 |
| KNB | Koonenberrygold | 0.020 | -23% | 995,913 | $3,580,498 |
| FHS | Freehill Mining Ltd. | 0.007 | -22% | 594,019 | $26,962,600 |
| SCN | Scorpion Minerals | 0.020 | -20% | 2,538,087 | $10,236,405 |
| 88E | 88 Energy Ltd | 0.004 | -20% | 13,300,370 | $125,620,313 |
| DRO | Droneshield Limited | 0.925 | -17% | 16,812,758 | $690,484,044 |
| FXG | Felix Gold Limited | 0.068 | -17% | 111,233 | $16,991,639 |
| PL3 | Patagonia Lithium | 0.100 | -17% | 303,364 | $5,895,420 |
| AUH | Austchina Holdings | 0.003 | -17% | 249,023 | $6,301,151 |
| ENT | Enterprise Metals | 0.003 | -17% | 1,496,364 | $2,405,913 |
| EXL | Elixinol Wellness | 0.005 | -17% | 2,102,046 | $7,806,444 |
| FGL | Frugl Group Limited | 0.005 | -17% | 4,087,172 | $8,938,647 |
| NRZ | Neurizer Ltd | 0.005 | -17% | 622,381 | $9,008,465 |
| FCT | Firstwave Cloud Tech | 0.022 | -15% | 82,427 | $44,449,096 |
| SRR | Saramaresourcesltd | 0.022 | -15% | 239,546 | $2,155,896 |
| ZNO | Zoono Group Ltd | 0.051 | -15% | 40,450 | $12,820,644 |
| AUQ | Alara Resources Ltd | 0.068 | -15% | 3,897,252 | $57,447,003 |
| AUG | Augustus Minerals | 0.030 | -14% | 976,749 | $2,987,950 |
| AYT | Austin Metals Ltd | 0.006 | -14% | 533,394 | $8,996,339 |
| MRZ | Mont Royal Resources | 0.060 | -14% | 375,083 | $5,952,086 |
| NES | Nelson Resources. | 0.003 | -14% | 4,235 | $2,147,580 |
| SHO | Sportshero Ltd | 0.006 | -14% | 783,333 | $4,324,830 |
| CMX | Chemxmaterials | 0.043 | -14% | 105,000 | $5,764,034 |
DroneShield (ASX:DRO) says it has upsized its fully-underwritten two-tranche placement from $70m to ~$100m following strong support from existing and new domestic and international institutions and sophisticated investors. DRO says it’s also undertaking a share purchase plan to raise $5m, providing “the opportunity for all shareholders to participate in the capital raising”
Genetic Signatures (ASX:GSS) fell despite saying the TGA has completed the review of its re-designed EasyScreen Respiratory Pathogen Detection Kit, and included the updated device within the ARTG to allow supply within Australia. The company is now ready to commence sale of this product to customers in Australia, ahead of the influenza season.
TRADING HALTS
Ardea Resources (ASX:ARL) – Price query from the ASX and to give an update on progress on the Ardea and Japanese Consortium KNP – Goongarrie Hub.
