Rise and Shine: Everything you need to know before the ASX opens
Pic via Getty Images.
Good morning everyone, and welcome to August 12, 2024 – an important date in the history of the automobile.
It was on this day in 1888 that Bertha Benz – the wife of Karl Benz – became the first person ever to take an internal combustion engine-powered car on a “long drive”, setting off from Mannheim via Heidelberg and continuing via Wiesloch to Pforzheim – a distance of 106km.
It’s worth noting that in doing so, she also became the first person to ever borrow someone else’s car without telling them, and the first spouse to ever jump in the car and drive to their mother’s place.
It was also on this date in 1908 that industrialist Henry Ford’s company produced the first ever Model T, sparking a motoring legacy that has culminated in the incredibly unfortunate Ford Mustangs that currently plague Australian roads.
And it was on this day in 1939 that Jean Bugatti, the eldest son of carmaker Ettore Bugatti, learned the hard way that his father’s cars were expensive and unsafe. Jean Bugatti was a test driver of the vehicles his family famously produced, right up until the instant he piloted one at high speed into a tree.
Luckily for you, you won’t have to die doing what you love 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$2,430.58/oz (+0.25%)
Silver: US$27.44/oz (-0.33%)
Nickel (3mth): US$16,298/t (+0.96%)
Copper (3mth): US$8,804/t (+1.80%)
Zinc: US$2,743/t (+3.67%)
Oil (WTI): US$76.80/bbl (+0.85%)
Oil (Brent): US$79.66/bbl (+0.63%)
Iron 62pc Fe: US$100.90/t (+1.45%)
AUD/USD: 0.6573 (+0.02%)
Bitcoin: US$$60,745.70 (-0.19%)
WHAT GOT YOU TALKING
While the market took a beating last week, there were still a few winners in the land of ASX Health stocks – here’s who managed to beat the heartbreak.
#ASX #healthcare #stocks look like they could do with an aspirin this week overall but… are generally faring better than the broader market, regaining ground in a stronger Friday. https://t.co/wQofVv4bCn
— Stockhead (@StockheadAU) August 9, 2024
FRIDAY’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 |
|---|---|---|---|---|---|
| IEC | Intra Energy Corp | 0.002 | 100% | 430,000.00 | $1,690,782 |
| RIL | Redivium Limited | 0.005 | 67% | 22,760,373.00 | $8,192,564 |
| HLX | Helix Resources | 0.003 | 50% | 10,699,378.00 | $6,528,387 |
| AUK | Aumake Limited | 0.011 | 38% | 21,165,293.00 | $15,425,928 |
| BCT | Bluechiip Limited | 0.004 | 33% | 250,000.00 | $3,546,119 |
| JAV | Javelin Minerals Ltd | 0.002 | 33% | 773,602.00 | $6,415,269 |
| RGT | Argent Biopharma Ltd | 0.220 | 33% | 302,238.00 | $7,986,924 |
| JAY | Jayride Group | 0.012 | 33% | 101,800.00 | $2,126,782 |
| NMT | Neometals Ltd | 0.079 | 25% | 3,491,041.00 | $39,263,580 |
| ARV | Artemis Resources | 0.015 | 25% | 25,701,508.00 | $23,002,589 |
| 1CG | One Click Group Ltd | 0.010 | 25% | 179,513.00 | $5,625,431 |
| 1TT | Thrive Tribe Tech | 0.003 | 25% | 356,636.00 | $1,223,243 |
| EEL | Enrg Elements Ltd | 0.003 | 25% | 1,503,898.00 | $2,019,930 |
| EMT | Emetals Limited | 0.005 | 25% | 106,000.00 | $3,400,000 |
| VML | Vital Metals Limited | 0.003 | 25% | 145,229.00 | $11,790,134 |
| LRV | Larvottoresources | 0.155 | 24% | 9,939,096.00 | $38,494,308 |
| IMI | Infinitymining | 0.016 | 23% | 100,000.00 | $1,543,794 |
| SM1 | Synlait Milk Ltd | 0.338 | 23% | 715,947.00 | $60,109,957 |
| NAG | Nagambie Resources | 0.011 | 22% | 12,301,450.00 | $7,169,721 |
| KOB | Kobaresourceslimited | 0.140 | 22% | 166,692.00 | $18,234,586 |
| APX | Appen Limited | 1.095 | 21% | 16,549,425.00 | $201,816,487 |
| DTR | Dateline Resources | 0.006 | 20% | 3,257,020.00 | $11,087,566 |
| KPO | Kalina Power Limited | 0.006 | 20% | 5,571,358.00 | $12,431,970 |
Friday’s Small Cap Winners included:
Triangle Energy (ASX:TEG) was climbing on Friday, after the company released an investor presentation that outlined, among other things, the company’s progress in the Perth Basin, where a two-well farm-in is underway and proceeding nicely. The company has also revealed that the sale of Cliff Head oil field and facilities to Pilot for conversion to CCS is in its final stages, with Triangle expecting it to be finalised in October, pocketing $16 million.
Pointerra (ASX:3DP) was also gaining on Friday, after revealing that it has signed new contract awards with existing US energy utility customer Florida Power & Light. Pointerra will be paid $1.23 million to analyse lidar and imagery for FPL business cases, and expects to complete all contract deliverables during FY25.
EVZ (ASX:EVZ) was up early on news that it has been awarded a major contract in the mining and industrial sector through its wholly owned subsidiary, Brockman Engineering. The total value of this contract – to provide a bulk process water tanks package by Rio Tinto as part of the seawater desalination project at Parker Point, Dampier – is roughly $23 million.
Investors seemed to be going through the side door in trade Friday as BM8 topped the resources performers on the back of assay results out of Equinox Resources’ (ASX:EQN) Mata Da Corda REE project in Brazil – the world’s hottest emerging rare earths district.
While we can’t confirm why its share price soared here at Stockhead, BM8 does have a 36% stake in EQN – one of the best performers in the small cap market in FY24 and may have risen on the back of today’s announced results from its partner.
EQN is accelerating exploration at Mata de Corda, as well as the huge 1801km2 Campo Grande project – which straddles Gina Rinehart backed Brazilian Rare Earths’ (ASX:BRE) REE portfolio – in Brazil’s emerging Rocha da Rocha REE district. Additional surface sample results have reaffirmed Mata da Corda’s exceptional district-scale targets, showing >2000ppm TREO across the 972 km2 project, and the junior is now primed for drilling, according to EQN MD Zac Komur.
Sarytogan Graphite (ASX:SGA) has received a cornerstone investment of $5m from the European Bank for Reconstruction and Development (EBRD), one of Europe’s sovereign wealth funds that has invested >€200 billion euros across 7100 projects to date. EBRD will purchase the shares at a premium of 16c and end up with a 17.36% stake in the company, yet will also need (and likely get) approval from the Australian Foreign Investment Board.
Green Critical Minerals (ASX:GCM) has consigned critical minerals specialist Wave International to complete the pre-feasibility study for its McIntosh graphite project in north-east WA. Wave has worked with long list of resources companies such as Black Rock Mining (ASX:BKT), Graphinex, Lithium Energy (ASX:LEL), Renascor Resources (ASX:RNU), Syrah Resources (ASX:SYR) and Triton Minerals (ASX:TON).
FRIDAY’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 |
|---|---|---|---|---|---|
| CT1 | Constellation Tech | 0.001 | -50% | 2,999,999 | $2,949,467 |
| PHX | Pharmx Technologies | 0.030 | -33% | 7,022,514 | $26,932,806 |
| CNJ | Conico Ltd | 0.001 | -33% | 435,000 | $3,302,291 |
| PUR | Pursuit Minerals | 0.002 | -33% | 242,212 | $10,906,200 |
| ATV | Activeportgroupltd | 0.047 | -33% | 1,806,970 | $22,255,907 |
| EDE | Eden Inv Ltd | 0.002 | -25% | 243,698 | $7,427,417 |
| EXL | Elixinol Wellness | 0.003 | -25% | 80,094 | $5,284,729 |
| RNE | Renu Energy Ltd | 0.003 | -25% | 314 | $2,904,536 |
| GRL | Godolphin Resources | 0.011 | -21% | 64,184 | $2,994,477 |
| ALR | Altairminerals | 0.004 | -20% | 4,283,833 | $21,482,888 |
| CTO | Citigold Corp Ltd | 0.004 | -20% | 5,000,000 | $15,000,000 |
| EEL | Enrg Elements Ltd | 0.002 | -20% | 1,892,761 | $2,524,913 |
| OVT | Ovanti Limited | 0.004 | -20% | 291,830 | $7,613,027 |
| RGL | Riversgold | 0.004 | -20% | 10,403,835 | $6,637,313 |
| RIL | Redivium Limited | 0.002 | -20% | 40,000 | $6,827,137 |
| ROG | Red Sky Energy. | 0.004 | -20% | 2,654,432 | $27,111,136 |
| TX3 | Trinex Minerals Ltd | 0.002 | -20% | 20,999,999 | $4,571,631 |
| OEQ | Orion Equities | 0.130 | -19% | 34,047 | $2,503,876 |
| DTM | Dart Mining NL | 0.014 | -18% | 477,747 | $4,393,359 |
| BEO | Beonic Ltd | 0.025 | -17% | 222,354 | $14,646,683 |
| FCT | Firstwave Cloud Tech | 0.015 | -17% | 169,457 | $30,780,349 |
| ADD | Adavale Resource Ltd | 0.003 | -17% | 3,125,000 | $3,195,796 |
| ECT | Env Clean Tech Ltd. | 0.003 | -17% | 823,706 | $9,515,431 |
| VML | Vital Metals Limited | 0.003 | -17% | 1,020,000 | $17,685,201 |
TRADING HALTS
Evolution Energy Minerals (ASX:EV1) – pending an announcement regarding the Tranche 2 Placement and associated matters.
Minbos Resources (ASX:MNB) – pending the release of an announcement regarding a strategic investment in Minbos.
Cokal (ASX:CKA) – pending an announcement in relation to a new underground mining agreement at the Bumi Barito mineral project.
White Cliff Minerals (ASX:WCN) – pending the release of an announcement relating to material assay results for the Great Bear IOCG-U project.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions
Related Topics
Related Stories
SUBSCRIBE
Get the latest breaking news and stocks straight to your inbox.
It's free. Unsubscribe whenever you want.
By proceeding, you confirm you understand that we handle personal information in accordance with our Privacy Policy.
