Rise and Shine: Everything you need to know before the ASX opens
King Liam the Flatulent did indeed fulfill his solemn oath to "murder that wretched bird at dawn, if it sh-ts on my horse one more time." Pic via Getty Images.
Good morning everyone, and welcome to 07 June, 2024 – an important day in the history of the world for a variety of dumb reasons.
It was on this day in 1195 that the phenomenon of ball lightning was first recorded, by Benedictine monk Gervase of Christ Church Cathedral Priory in Canterbury – presumably while he was rubbing his balls on something.
This day in 1520 saw the start of what became known as The Field of Cloth and Gold, an early forerunner to the Glastonbury Music Festival. It was a chance for England’s King Henry VIII and French King Francis I to get together and cement unity and harmony between the two nations, once and for all.
And on this day in 1557, England declared war on France.
Luckily, you won’t need to declare war on France in order to get the news you need to start your day off right… but you can if you want to. I won’t mind.
Because I’ll be too busy reading Bevis Yeo’s drill-down into what’s happening among the ASX-listers who’ve Got Gas, after I’m done putting together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,3364.70 (+0.41%)
Silver: US$30.33 (+1.00%)
Nickel (3mth): US$18,893/t (+0.03%)
Copper (3mth): US$9,766.50/t (-0.93%)
Zinc: US$2,802.67/t (-2.30%)
Oil (WTI): US$74.46 (+0.22%)
Oil (Brent): US$78.71 (+0.06%)
Iron 62pc Fe: US$107.69/t (0.00%)
AUD/USD: 0.6659 (+0.05%)
Bitcoin: US$70,871.00 (-0.35%)
WHAT GOT YOU TALKING
Hey, look everyone! Fraser’s on the telly!
Break it Down host Fraser Palamara dissects Firetail Resources’ binding deal to acquire 80% of the York Harbour project.https://t.co/eVaQb7oD2O #ASX @FiretailRes
— Stockhead (@StockheadAU) June 6, 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 |
|---|---|---|---|---|---|
| FTL | Firetail Resources | 0.11 | 139% | 24,832,182 | $6,849,656 |
| MRD | Mount Ridley Mines | 0.0015 | 50% | 4,340,493 | $7,784,883 |
| BEO | Beonic Ltd | 0.03 | 36% | 265,990 | $9,338,889 |
| OSX | Osteopore Limited | 0.073 | 35% | 33,393,814 | $6,134,562 |
| BP8 | Bph Global Ltd | 0.004 | 33% | 1,588,243 | $1,172,474 |
| GCM | Green Critical Min | 0.004 | 33% | 608,675 | $3,409,755 |
| VPR | Volt Power Group | 0.002 | 33% | 2,460,155 | $16,074,312 |
| MPP | Metro Perf.Glass Ltd | 0.083 | 26% | 94,812 | $12,234,954 |
| ADD | Adavale Resource Ltd | 0.005 | 25% | 976,000 | $4,161,061 |
| ATH | Alterity Therap Ltd | 0.005 | 25% | 2,335,116 | $20,980,461 |
| BLZ | Blaze Minerals Ltd | 0.005 | 25% | 1,039,761 | $2,514,233 |
| EDE | Eden Inv Ltd | 0.0025 | 25% | 1,380,527 | $7,356,542 |
| ESR | Estrella Res Ltd | 0.005 | 25% | 812,000 | $7,037,487 |
| LRL | Labyrinth Resources | 0.005 | 25% | 308,000 | $4,750,175 |
| PUR | Pursuit Minerals | 0.005 | 25% | 2,020,313 | $11,775,886 |
| GED | Golden Deeps | 0.049 | 23% | 450,000 | $4,620,894 |
| IDT | IDT Australia Ltd | 0.125 | 22% | 1,681,253 | $35,945,805 |
| SMN | Structural Monitor. | 0.415 | 22% | 491,153 | $46,513,770 |
| NC6 | Nanollose Limited | 0.023 | 21% | 901,466 | $3,268,121 |
| CMP | Compumedics Limited | 0.295 | 20% | 97,604 | $43,404,922 |
| 1MC | Morella Corporation | 0.003 | 20% | 2,057,169 | $15,446,999 |
| AHN | Athena Resources | 0.003 | 20% | 167,600 | $2,676,169 |
| AOA | Ausmon Resorces | 0.003 | 20% | 8,374,285 | $2,647,498 |
| BKG | Booktopia Group | 0.048 | 20% | 41,239 | $9,128,204 |
| NRZ | Neurizer Ltd | 0.006 | 20% | 20,775,310 | $9,512,153 |
Yesterday’s Small Cap Winners included:
Back in the headlines on Thursday with a near 140% explosion in share price is Firetail Resources (ASX:FTL).
FTL announced it’s set to acquire up to 80% of the York Harbour copper-zinc-silver project in Newfoundland, Canada via a staged earn-in agreement.
The company described York Harbour as a Cyprus-style volcanogenic massive sulphide (VMS) exploration project, located 180km west-south-west of FireFly Metals Ltd (ASX:FFM) Green Bay Copper Project.
Osteopore (ASX:OSX) was back in the news after revealing that its $18.7 million partnership with Singapore’s NDCS and A*STAR to develop next-generation dental implants has reached “significant milestones”.
The milestones include the successful development of a 3D-printed technology, which the company says “can combine patented biological additives and polymer compounds for dental implants that have the potential to accelerate bone healing”.
Structural Monitoring Systems (ASX:SMN) rose quickly after lifting its revenue forecast for the full year ahead of a likely maiden quarterly profit.
The avionics specialist says increased sales are expected to see the Group record a quarterly profit for the first time in the June quarter.
The stronger-than-anticipated results bolstered by the strong performance of the Group’s Contract Manufacturing segment.
By the end of this current financial year, SMN forecasts that annual gross revenue will have grown by 27% building on revenue growth of 43% in FY2023 with a figure of 28% revenue growth budgeted for in FY2025.
SMN have also forecasted Group EBITDA of $3.38 million for the current financial year which represents a significant turnaround on LBITDA of $0.27 million for FY2023.
And Top End Energy (ASX:TEE) made moves through the morning session, after announcing that it has been given a formal Ministerial grant of Exploration Permit, which the company says is the culmination of a multiple year application and approval process encompassing native title holder agreement and NT Ministerial approvals.
The permit the first EP to be granted in the NT since 2015, and sets TEE up for rapid deployment of a planned exploration program, looking for natural gas. The company is also in the process of finalising a deal for three additional granted permits from Hancock.
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 | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| NVQDB | Noviqtech Limited | 0.005 | -88% | 4 | $5,949,229 |
| CCO | The Calmer Co Int | 0.008 | -38% | 28,625,555 | $17,949,372 |
| AUK | Aumake Limited | 0.002 | -33% | 35,083 | $5,743,220 |
| AXP | AXP Energy Ltd | 0.001 | -33% | 17,819,750 | $8,737,021 |
| IEC | Intra Energy Corp | 0.002 | -33% | 719,995 | $5,072,345 |
| CUS | Coppersearchlimited | 0.1 | -31% | 1,400,033 | $13,381,384 |
| AVE | Avecho Biotech Ltd | 0.003 | -25% | 1,032,540 | $12,677,188 |
| ECT | Env Clean Tech Ltd. | 0.003 | -25% | 585,741 | $12,687,242 |
| ICU | Investor Centre Ltd | 0.003 | -25% | 3,322,358 | $1,218,045 |
| MHC | Manhattan Corp Ltd | 0.0015 | -25% | 1,587,778 | $5,873,960 |
| SKN | Skin Elements Ltd | 0.003 | -25% | 341,633 | $2,357,944 |
| TIG | Tigers Realm Coal | 0.003 | -25% | 725,000 | $52,266,809 |
| GTG | Genetic Technologies | 0.095 | -24% | 903,285 | $16,527,156 |
| TGH | Terragen | 0.013 | -24% | 401,280 | $6,274,379 |
| IXC | Invex Ther | 0.06 | -23% | 83,219 | $5,862,000 |
| EV1 | Evolutionenergy | 0.035 | -22% | 747,242 | $11,754,771 |
| JPR | Jupiter Energy | 0.02 | -20% | 124,335 | $31,841,305 |
| SHP | South Harz Potash | 0.008 | -20% | 8,279,766 | $8,271,850 |
| BCM | Brazilian Critical | 0.018 | -18% | 1,389,674 | $18,276,267 |
| WLD | Wellard Limited | 0.019 | -17% | 833,806 | $12,218,757 |
| 1TT | Thrive Tribe Tech | 0.01 | -17% | 2,210,437 | $4,519,458 |
| ADG | Adelong Gold Limited | 0.005 | -17% | 18,056,840 | $6,707,934 |
| TTI | Traffic Technologies | 0.005 | -17% | 5,563,623 | $5,546,989 |
| DTR | Dateline Resources | 0.011 | -15% | 11,908,443 | $18,948,110 |
| HPC | Thehydration | 0.011 | -15% | 620,690 | $3,963,870 |
TRADING HALTS
HeraMED (ASX:HMD) – pending an announcement by HeraMED regarding termination of a US Partnership.
Lodestar Minerals (ASX:LSR) – pending an announcement in relation to the pricing of a recently announced entitlements issue.
Prime Financial Group (ASX:PFG) – pending the expected release of an announcement relating to proposed non-renounceable entitlement offer and acquisition.
Life360 (ASX:360) – pending an announcement to the market in relation to a proposed US IPO.
Southern Hemisphere Mining (ASX:SUH) ) – pending an announcement regarding a capital raising.
Everest Metals Corporation (ASX:EMC) – pending an announcement by EMC in relation to a capital raising.
Jameson Resources (ASX:JAL) – pending an announcement of a two-tranche equity securities issue.
Viva Leisure (ASX:VVA) – pending an announcement about a proposed capital raising and acquisition.
Stavely Minerals (ASX:SVY) – pending an announcement regarding a capital raising.
Tivan (ASX:TVN) – pending the release of an announcement of a Strategic Alliance for the Speewah Fluorite Project.
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