Rise and Shine: Everything you need to know before the ASX opens
"... and a reminder that if a man approaches you and says he's a "colonel", it's a trick, and you should call the cops."
Good morning everyone, and welcome to August 1, 2024 – an important date in the history of being Peter.
It was on this day in 1096 that The People’s Crusade – led by Peter the Hermit – arrived at Constantinople with 30,000 followers. Chaos ensued, and now all of those people are dead.
On this day in 1711, a different Peter – this one called Peter the Great – turned out to not be all that great, by running away after he was surrounded in Azov, which is not a euphemism.
And nine years later, in 1720, one of the first (and largest) stock bubbles burst, after the stock price of the South Sea Company peaked at £1,000 per share, before collapsing to be a much more reasonable but still too rich for my blood £124 a pop.
Thankfully, you won’t need to pop a massive stock bubble in order to get your hands on good pre-market info today.
That’s because – as always – we’ve worked super-hard to gather 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$2,424.24/oz (+0.61%)
Silver: US$28.78/oz (+1.56%)
Nickel (3mth): US$16,071 /t (+1.5%)
Copper (3mth): US$8,972/t (-0.6%)
Zinc: US$2,629/t (-0.3%)
Oil (WTI): US$77.12/bbl (+3.2%)
Oil (Brent): US$80.65/bbl (+2.57%)
Iron 62pc Fe: US$101.55/t (+2.48%)
AUD/USD: 0.6539 (+0.01%)
Bitcoin: US$66,161.80 (-0.01%)
WHAT GOT YOU TALKING
Which techies did well last quarter? These ones did… and we know this because Nadine McGrath worked her butt off putting this together.
#ASX #Tech #stocks quarterlies:
Fatfish Group ( $FFG ) refined revenue streams for higher #AI revenue
@zeotech10‘s ( $ZEO ) high reactivity #metakaolin out of Toondoon #kaolin
@HarvestTechLtd ( $HTG ) launched #Nodestream Livehttps://t.co/cMXQz8YxpY— Stockhead (@StockheadAU) July 31, 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 |
|---|---|---|---|---|---|
| TD1 | Tali Digital Limited | 0.0015 | 50.0 | 2,700,000 | $3,295,156 |
| TX3 | Trinex Minerals Ltd | 0.003 | 50.0 | 62,000 | $3,657,305 |
| VPR | Voltgroupltd | 0.0015 | 50.0 | 2,003,975 | $10,716,208 |
| AHN | Athena Resources | 0.007 | 40.0 | 4,417,007 | $5,352,338 |
| T3D | 333D Limited | 0.011 | 37.5 | 484,771 | $955,559 |
| AAJ | Aruma Resources Ltd | 0.019 | 35.7 | 2,509,964 | $2,756,481 |
| KPO | Kalina Power Limited | 0.004 | 33.3 | 3,705,911 | $7,459,182 |
| CMG | Criticalmineralgrp | 0.2 | 33.3 | 690,437 | $6,329,086 |
| AD1 | AD1 Holdings Limited | 0.009 | 28.6 | 597,910 | $6,290,539 |
| GTE | Great Western Exp. | 0.033 | 26.9 | 93,364 | $9,048,276 |
| ZMM | Zimi Ltd | 0.019 | 26.7 | 240,903 | $1,899,971 |
| BUY | Bounty Oil & Gas NL | 0.005 | 25.0 | 850,440 | $5,994,004 |
| PNX | PNX Metals Limited | 0.005 | 25.0 | 20,000 | $23,880,859 |
| SPA | Spacetalk Ltd | 0.021 | 23.5 | 2,552,801 | $8,007,364 |
| JAY | Jayride Group | 0.011 | 22.2 | 2,804,782 | $2,126,782 |
| RMI | Resource Mining Corp | 0.018 | 20.0 | 117,240 | $9,785,217 |
| AUK | Aumake Limited | 0.006 | 20.0 | 3,674,335 | $9,572,034 |
| SVG | Savannah Goldfields | 0.026 | 18.2 | 56,759 | $6,183,868 |
| TKM | Trek Metals Ltd | 0.034 | 17.2 | 1,270,001 | $14,890,713 |
| CBL | Control Bionics | 0.062 | 17.0 | 940,000 | $10,562,199 |
Yesterday’s Small Cap Winners included:
Volt Power Group (ASX:VPR) was leading the charge Wednesday morning on a solid quarterly, which outlined that the company has achieved record Q2 Ordinary Revenue receipts of $2.0 million., YTD ordinary revenue receipts were up ~ 75% to $3.0 million vs YTD FY23 comparison $1.7 million. Additionally, the company achieved record YTD Net Cash from Operating Activities totalling $1.3 million (YTD FY23 comparison $0.4 million) – which is up ~200%, and leaves Volt with $2.4 million in the bank.
Kalina Power (ASX:KPO) delivered its quarterly today, outlining tbhe company’s continued process to secure funding to complete the project development of its projects. This includes KDP’s ~200MW projects deploying natural gas-fired Combined Cycle Power Plants integrated with Carbon Capture and Sequestration (‘CC-CCS’) as well as potential investment at KDP’s Saddle Hills project.
Algorae Pharmaceuticals (ASX:1AI) was up on complicated news around some fresh, positive Pre-Clinical Results that showed its drug AI-116 “significantly reduces glutamate-induced toxicity in vitro, exceeding that of existing FDA registered drug for dementia, Donepezil”.
Alterity Therapeutics (ASX:ATH) was up because its quarterly says that the company saw positive interim data reported from ATH434-202 Phase 2 clinical trial showing improvement on the UMSARS Activities of Daily Living Scale and stable or improved neurological symptoms in some patients. The quarterly also says the company has “Cash balance on 30 June 2024 of A$12.6” – which I’m assuming is meant to have the word “million” on the end, because otherwise it’d be your shout for lunch.
New Age Exploration (ASX:NAE) is up because… it also released a quarterly, outlining how things are going at its Wagyu Gold Project, which is located in the well-endowed gold region of the Central Pilbara next door to De Grey’s Hemi (things are going well) and how the sale of the company’s Lochinvar metallurgical coal project is going (it has been sold).
333D (ASX:T3D) – which is a 3D printing company – has announced a new services agreement with each of Next Healthcare and Cloud Strike (t/a Align Radiology) to provide ongoing digital asset management and 3D printing services to those entities. It’s all very complicated but the main thrust is that its most likely going to be steady, ongoing work for 333D as it develops software and processes to meet the needs of both entities.
Spacetalk (ASX:SPA) was up on Wednesday, because it also delivered quarterly with some good news in it – namely, that the company achieved positive cash flow from operating activities of $0.85 million in Q4FY24, up from -$1.5 million in Q4 FY23, and positive free cashflow of $0.37 million, up from Q4 FY23’s -$2.24 million. That’s due to turnaround measures put in place by the company, and a 58% increase vs PCP for customer receipts.
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 | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MHC | Manhattan Corp Ltd | 0.001 | -40.0 | 1,155,291 | $4,894,770 |
| MTB | Mount Burgess Mining | 0.001 | -33.3 | 2,495,012 | $1,947,220 |
| BNL | Blue Star Helium Ltd | 0.005 | -28.6 | 4,182,285 | $13,614,197 |
| VPR | Voltgroupltd | 0.0015 | -25.0 | 321,319 | $21,432,416 |
| GR8 | Great Dirt Resources | 0.15 | -25.0 | 1,994 | $5,815,252 |
| 1CG | One Click Group Ltd | 0.01 | -23.1 | 6,468,013 | $9,141,325 |
| ENV | Enova Mining Limited | 0.007 | -22.2 | 3,565,177 | $8,621,364 |
| FGH | Foresta Group | 0.007 | -22.2 | 11,221,079 | $21,198,411 |
| 1AI | Algorae Pharma | 0.008 | -20.0 | 2,316,872 | $16,873,947 |
| AVE | Avecho Biotech Ltd | 0.002 | -20.0 | 158 | $7,923,243 |
| BUY | Bounty Oil & Gas NL | 0.004 | -20.0 | 510,000 | $7,492,505 |
| CTO | Citigold Corp Ltd | 0.004 | -20.0 | 5,700,000 | $15,000,000 |
| CR1 | Constellation Res | 0.13 | -18.8 | 6,992 | $9,842,202 |
| ENL | Enlitic Inc. | 0.11 | -18.5 | 182,945 | $10,626,475 |
| MMM | Marley Spoon Se | 0.022 | -18.5 | 218,870 | $3,178,559 |
| SPQ | Superior Resources | 0.009 | -18.2 | 3,978,133 | $22,013,425 |
| MOZ | Mosaic Brands Ltd | 0.057 | -17.4 | 978,402 | $12,316,944 |
| PVT | Pivotal Metals Ltd | 0.015 | -16.7 | 54,014 | $12,674,129 |
| GGE | Grand Gulf Energy | 0.005 | -16.7 | 12,483,009 | $12,571,482 |
| SHP | South Harz Potash | 0.01 | -16.7 | 253,161 | $9,926,220 |
TRADING HALTS
Culpeo Minerals (ASX:CPO) – pending an announcement on a proposed capital raising.
Kairos Minerals (ASX:KAI) – pending an announcement by the Company in relation to a material Mt York Gold Project transaction.
CurveBeam AI (ASX:CVB) – pending an announcement about an accelerated non-renounceable entitlement offer.
DroneShield (ASX:DRO) – pending an announcement in relation to a proposed capital raising.
Bastion Minerals (ASX:BMO) – pending the release of an announcement with respect to a material capital raising.
Estrella Resources (ASX:ESR) – pending an announcement regarding exploration results at the Timor Leste project.
IODM (ASX:IOD) – pending an announcement regarding a capital raising.
Brightstar Resources (ASX:BTR) – poending a capital raising, and a potential change of control transaction involving the company.
Prospect Resources (ASX:PSC) – pending the release of an ASX announcement regarding a material capital raise.
Alto Metals (ASX:AME) – pending an announcement in connection to a potential material corporate transaction involving a change of control of Alto and the outcome of a third party capital raising upon which the conclusion of that potential transaction is conditional.
Cokal (ASX:CKA) – pending an announcement providing information in respect of mine services and a working capital agreement.
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