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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, oil is on the boil again, vanadium’s new dawn is approaching and how to hit back at $12 iceberg lettuce.
But first, the day ahead.
The week kicks off on Monday with the release of the May inflation gauge by the Melbourne Institute and the May reading of job advertisements from ANZ.
“The inflation gauge surprisingly fell 0.1 per cent in April while job ads fell 0.5 per cent from lofty levels,” says CommSec.
In China, Monday sees the release of the Caixin purchasing managers’ index for services as well as the composite measure.
The services reading is 36.2 – well below the 50 line that signifies growth, says CommSec.
TRADING HALTS
The following companies entered trading halts and should be out in the next few days.
Asaplus Resources (ASX:AJY) – response to an ASX price query
Lumos Diagnostics (ASX:LDX) – ahead of a capital raise
Battery Minerals (ASX:BAT) – ahead of a proposed fund raising
Empire Energy Group (ASX:EEG) – ahead of a capital raise
Caeneus Minerals Limited (ASX:CAD) – pending the release of assay results
Alterra Limited (ASX: 1AG) – pending the announcement of a capital raising
MARKETS
Gold: $US1,850.51 (-0.94%)
Silver: $US21.913 (-1.65%)
Nickel (3mth): $US28,392/t (0.00%)
Copper (3mth): $US9,520.00/t (0.60%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, June 1): $US69,450/t (0.1% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 1): $US70,875/t (0.0% weekly)
Oil (WTI): $US118.870 (+1.571%)
Oil (Brent): $US121.00 (+2.88%)
Iron 62pc Fe: $US143.00 (+2.20%)
AUD/USD: $US0.72059 (-0.83%)
Bitcoin: $US29,834.10 (+0.66%)
WHAT GOT YOU TALKING OVER THE WEEKEND?
How does one get palladium — worth US$2,067.80/oz — from an old catalytic convertor?
Glad you asked.
– Catalytic converters thefts are so high the NYPD is tweeting prevention tips
– 40,000 were stolen last year alone in the UK, with £16m worth stolen since 2019
– A legit recycler can recover $200k worth of palladium from 1t of catalytic convertershttps://t.co/d6EvpHccOI pic.twitter.com/dztpsk6Xob— Stockhead (@StockheadAU) June 3, 2022
LAST WEEK’S ASX SMALL CAP WINNERS:
Here are the best performing ASX small cap stocks for May 30 – June 3:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| 14D | Southern Cross Gold | 0.69 | 245% | $36,735,023 |
| 1AD | Lindian Resources | 0.1 | 156% | $70,595,981 |
| 1AE | Tyranna Res Ltd | 0.019 | 111% | $27,582,492 |
| 1AG | Oklo Resources Ltd | 0.1525 | 101% | $73,151,989 |
| 1ST | Australresources | 0.635 | 74% | $148,354,222 |
| 1VG | Astro Resources NL | 0.004 | 60% | $18,820,965 |
| 2BE | Diatreme Resources | 0.04 | 60% | $97,221,844 |
| 3MF | Analytica Limited | 0.0015 | 50% | $6,920,702 |
| 8CO | Carbonxt Group | 0.2425 | 43% | $45,900,937 |
| 8IH | BBX Minerals Ltd | 0.16 | 39% | $75,903,543 |
| 99L | Merchant House | 0.075 | 39% | $7,069,987 |
| 9SP | Bellavistaresources | 0.34 | 39% | $11,496,716 |
| A1G | Bubs Aust Ltd | 0.615 | 35% | $379,920,860 |
| A3D | Ausquest Limited | 0.028 | 33% | $19,803,581 |
| A8G | Argonaut Resources | 0.004 | 33% | $10,818,614 |
| AAJ | Oilex Ltd | 0.004 | 33% | $32,971,837 |
| AAP | Titomic Limited | 0.22 | 33% | $46,581,921 |
| AAU | Lark Distilling Co. | 3.23 | 32% | $249,264,108 |
| ABE | Mtmongerresources | 0.21 | 31% | $7,977,207 |
| ABV | Xtek Limited | 0.42 | 31% | $42,260,502 |
| AC8 | Horseshoe Metals Ltd | 0.038 | 31% | $17,662,172 |
| ACP | Pentanet | 0.345 | 30% | $75,316,504 |
| ACR | Odin Metals Limited | 0.022 | 29% | $10,259,575 |
| ACS | Nuchev Limited | 0.355 | 29% | $17,851,817 |
| ACU | Invigor Group Ltd | 0.045 | 29% | $8,732,392 |
| AD1 | Jayride Group | 0.18 | 29% | $31,749,166 |
| ADD | Close Loop | 0.45 | 29% | $156,252,195 |
| ADR | Noxopharm Limited | 0.295 | 28% | $90,593,765 |
| ADS | Tigers Realm Coal | 0.023 | 28% | $274,400,750 |
| ADV | Eden Inv Ltd | 0.014 | 27% | $30,109,399 |
| ADX | Internationalgraphit | 0.375 | 27% | $29,743,159 |
| ADY | Audeara | 0.091 | 26% | $5,328,544 |
| AEI | OZZ Resources | 0.12 | 26% | $4,509,827 |
| AER | Arafura Resource Ltd | 0.48 | 26% | $722,671,534 |
| AEV | Galileo Mining Ltd | 1.78 | 26% | $325,431,033 |
| AFL | Kingfisher Mining | 0.34 | 26% | $9,759,825 |
| AFW | Cardiex Limited | 0.44 | 26% | $30,787,036 |
| AGC | PYC Therapeutics | 0.088 | 26% | $267,197,793 |
| AGN | Complii Fintech Ltd | 0.094 | 25% | $31,333,607 |
| AGR | Avira Resources Ltd | 0.005 | 25% | $9,534,555 |
| AHC | Gas2Grid Limited | 0.0025 | 25% | $10,145,255 |
| AHI | Mamba Exploration | 0.125 | 25% | $5,271,875 |
| AHK | New Zealand Coastal | 0.005 | 25% | $4,108,020 |
| AHN | Victory Goldfields | 0.155 | 24% | $5,768,722 |
| AII | Greenstone Resources | 0.063 | 24% | $57,750,129 |
| AIR | Meteoric Resources | 0.016 | 23% | $21,368,163 |
| AIV | Way2Vatltd | 0.059 | 23% | $9,671,154 |
| AJJ | Meeka Gold Limited | 0.07 | 23% | $60,745,427 |
| AJX | Taruga Minerals | 0.0245 | 23% | $13,295,110 |
Recent IPO Southern Cross Gold (ASX:SXG) was up 245% last week, thanks to a speccy 119m at 3.9g/t gold equivalent drill hit at the ‘Sunday Creek’ project in Victoria.
Lindian Resources’ (ASX:LIN) share price smashed through eight-year highs after it reached an out-of-court settlement over a protracted 2018 dispute over the ‘Kangankunde’ rare earths project in Malawi.
And historical rock chip sampling returned up to 7.49% lithium at Tyranna Resources’ (ASX:TYX) newly acquired ‘Namibe’ project in Angola, West Africa.
That’s high grade. Hard rock mines usually produce at an ore grade of between 0.8-1.5% lithium.
LAST WEEK’S ASX SMALL CAP LOSERS:
Here are the best performing ASX small cap stocks for May 30 – June 3:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Description | Last | % Week | Market Cap |
|---|---|---|---|---|
| ZIP | Firefinch Ltd | 0.345 | -68% | $1,122,181,060 |
| ZER | Geopacific Resources | 0.105 | -51% | $48,809,185 |
| WTN | Carnegie Cln Energy | 0.001 | -50% | $22,653,861 |
| WSA | Deferred Settlement | 0.075 | -38% | $6,859,436 |
| WQG | Finder | 0.12 | -35% | $9,000,000 |
| WMI | Javelin Minerals Ltd | 0.001 | -33% | $9,354,153 |
| WMA | Manypeaksgoldlimited | 0.28 | -30% | $9,951,620 |
| WGX | Allup Silica Ltd | 0.135 | -29% | $4,816,773 |
| WHF | Hydrocarbon Dynamic | 0.017 | -29% | $9,980,029 |
| WGN | Desert Metals | 0.22 | -28% | $11,757,995 |
| WBT | Ioupay Limited | 0.06 | -27% | $32,533,312 |
| WGB | Bikeexchange Ltd | 0.019 | -27% | $5,070,722 |
| WAF | BIR Financial Ltd | 0.017 | -26% | $3,447,287 |
| WAX | Cycliq Group Ltd | 0.014 | -26% | $5,212,750 |
| VMY | Applyflow Limited | 0.0015 | -25% | $4,436,412 |
| VRT | Medibio Limited | 0.003 | -25% | $8,389,465 |
| VSL | Sihayo Gold Limited | 0.003 | -25% | $12,754,158 |
| VUL | Victory Offices Ltd | 0.042 | -25% | $5,682,529 |
| VGL | Kincora Copper | 0.076 | -24% | $6,298,263 |
| VML | Rightcrowd | 0.072 | -24% | $23,524,676 |
| VG1 | Appen Limited | 6.4 | -23% | $764,980,775 |
| VG8 | Pearlgullironlimited | 0.027 | -23% | $1,647,069 |
| VGI | Duke Exploration | 0.1 | -23% | $9,923,227 |
| TUA | Coopermetalslimited | 0.4 | -22% | $12,159,000 |
| TWR | Biotron Limited | 0.072 | -22% | $58,260,415 |
| TYR | Catapult Grp Int Ltd | 0.8 | -22% | $176,262,821 |
| UMG | Eneco Refresh Ltd | 0.021 | -22% | $7,353,675 |
| UNI | Red Mount Min Ltd | 0.007 | -22% | $13,138,911 |
| UOS | Pancontinental Energ | 0.007 | -22% | $50,079,560 |
| URW | Halo Technologies | 0.435 | -22% | $53,097,308 |
| TRJ | Fintech Chain Ltd | 0.026 | -21% | $18,221,548 |
| SXL | EVE Health Group Ltd | 0.001 | -20% | $4,309,809 |
| SYA | Alterra Limited | 0.012 | -20% | $3,345,315 |
| SYM | Akora Resources | 0.2 | -20% | $12,284,404 |
| SYR | Intelligent Monitor | 0.12 | -20% | $11,996,079 |
| TER | Incentiapay Ltd | 0.012 | -20% | $15,180,764 |
| TGR | Laneway Res Ltd | 0.004 | -20% | $31,510,082 |
| TIE | Metalicity Limited | 0.004 | -20% | $13,829,533 |
| TIG | Orion Equities | 0.28 | -20% | $4,381,784 |
| TLG | Peak Minerals Ltd | 0.012 | -20% | $12,496,449 |
| TLX | Roots Sustainable | 0.004 | -20% | $3,373,347 |
| TPW | Volt Power Group | 0.002 | -20% | $18,689,067 |
| TRA | Latin Resources Ltd | 0.096 | -20% | $181,347,418 |
| SSR | AMA Group Limited | 0.175 | -19% | $178,926,191 |
| SST | Elixinol Wellness | 0.039 | -19% | $13,599,420 |
| STA | Lordresourceslimited | 0.26 | -19% | $8,157,925 |
| STX | Activex Limited | 0.038 | -19% | $8,215,698 |
| SVL | Fitzroy River Corp | 0.125 | -19% | $13,494,281 |
| SVM | Crowd Media Limited | 0.029 | -19% | $19,425,332 |
| SWM | Eastern Resources | 0.029 | -19% | $28,838,662 |
| SSM | Xpon Technologies | 0.135 | -18% | $21,583,764 |
