Rise and Shine: Everything you need to know before the ASX opens
Pic: Heide Benser / The Image Bank Via Getty Images
On Stockhead today, how to spot high quality gold stocks, more inflation-busters from the experts, and what surprises are on the economic calendar this week?
But first, the day ahead.
TRADING HALTS
The following companies are in trading halts and are expected out in the coming days.
Future Metals NL (ASX:FME) – Mineral resource estimate announcement
Elixir Energy Limited (ASX:EXR) – Signing of a joint Memorandum of Understanding
Bowen Coking Coal (ASX:BCB) – Significant funding facility in relation to the acquisition of the Burton Lenton Project
Mayur Resources (ASX:MRL) – Proposed transaction relating to its Mayur Renewables business.
Indiana Resources (ASX:IDA) – capital raise
Orion Minerals (ASX:ORN) – capital raising
Medibio (ASX:MEB) – capital raising
Tombola Gold (ASX:TBA) – potential material acquisition
MARKETS
Gold: $US1839.35 (-0.93%)
Silver: $US21.65 (-1.25%)
Nickel (3mth): $US25,400/t (0.00%)
Copper (3mth): $US9,097/t (0.00%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, June 17): $US69,750/t (0.4% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 17): $US70,875/t (0.0% weekly)
Oil (WTI): $US109.56 (-6.83%)
Oil (Brent): $US113.12 (-5.58%)
Iron 62pc Fe: $US125 (-4.94%)
AUD/USD: 0.69333 (-1.58%)
Bitcoin: $US18,910 (-0.79%)
WHAT GOT YOU TALKING OVER THE WEEKEND?
Bitcoin now below 19k, a 72% crash from its all time high in November 2021. 1000s of other shitcoins have lost 99% of their value and disappeared. And even the other Top 10 “cryptocurrencies” have lost 80-90% of their value from their ATH. This Ponzi house of cards is collapsing
— Nouriel Roubini (@Nouriel) June 18, 2022
#Bitcoin pic.twitter.com/jawPK9jegr
— Stokdog (@stokdog) June 19, 2022
To keep up to date with Stockhead coverage, follow our Twitter page.
For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.
Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
LAST WEEK’S BIGGEST SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for June 14 – June 17:
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| GRE | Greentechmetals | 0.325 | 97% | $10,791,600 |
| RAP | Resapp Health Ltd | 0.17 | 55% | $146,063,503 |
| SUH | Southern Hem Min | 0.025 | 47% | $7,333,193 |
| ARO | Astro Resources NL | 0.004 | 33% | $18,820,965 |
| CCE | Carnegie Cln Energy | 0.002 | 33% | $30,205,147 |
| NCL | Netccentric Ltd | 0.092 | 33% | $19,810,816 |
| OEX | Oilex Ltd | 0.004 | 33% | $24,728,878 |
| RFA | Rare Foods Australia | 0.065 | 27% | $12,847,538 |
| RR1 | Reach Resources Ltd | 0.005 | 25% | $9,550,253 |
| SIH | Sihayo Gold Limited | 0.0025 | 25% | $15,255,320 |
| AVA | AVA Risk Group Ltd | 0.215 | 23% | $43,733,373 |
| CML | Chase Mining Limited | 0.017 | 21% | $7,958,257 |
| HE8 | Helios Energy Ltd | 0.092 | 19% | $242,176,598 |
| BEX | Bikeexchange Ltd | 0.02 | 18% | $3,756,090 |
| SCT | Scout Security Ltd | 0.034 | 17% | $4,908,629 |
| SLX | Silex Systems | 1.95 | 16% | $389,205,426 |
| TZL | TZ Limited | 0.1 | 15% | $22,270,811 |
| AJL | AJ Lucas Group | 0.062 | 15% | $62,206,905 |
| NNG | Nexion Group | 0.07 | 15% | $5,499,228 |
| TRM | Truscott Mining Corp | 0.055 | 15% | $8,356,785 |
| BMO | Bastion Minerals | 0.16 | 14% | $12,148,682 |
| HCT | Holista CollTech Ltd | 0.034 | 13% | $8,260,473 |
| MBX | Myfoodieboxlimited | 0.13 | 13% | $4,354,999 |
| GGE | Grand Gulf Energy | 0.026 | 13% | $41,758,488 |
| CVC | CVC Limited | 2.45 | 13% | $268,695,416 |
| TYX | Tyranna Res Ltd | 0.018 | 13% | $26,050,131 |
| AII | Almontyindustriesinc | 1.02 | 12% | $18,523,489 |
| DAL | Dalaroometalsltd | 0.095 | 12% | $2,868,000 |
| PXX | Polarx Limited | 0.019 | 12% | $15,284,719 |
| PNV | Polynovo Limited | 1.29 | 11% | $853,577,577 |
| BIR | BIR Financial Ltd | 0.02 | 11% | $3,265,851 |
| PWN | Parkway Corp Ltd | 0.01 | 11% | $19,919,362 |
| SBR | Sabre Resources | 0.005 | 11% | $13,948,655 |
| IKW | Ikwezi Mining Ltd | 1.68 | 11% | $70,121,205 |
| FRS | Forrestaniaresources | 0.155 | 11% | $4,214,821 |
| EVS | Envirosuite Ltd | 0.155 | 11% | $194,519,194 |
| DRE | Dreadnought Resources Ltd | 0.042 | 11% | $116,386,026 |
| AXP | AXP Energy Ltd | 0.0055 | 10% | $34,873,084 |
| NCR | Nucoal Resources Ltd | 0.011 | 10% | $9,223,348 |
| TMK | TMK Energy Limited | 0.011 | 10% | $38,280,000 |
| 8IH | 8I Holdings Ltd | 0.1 | 10% | $43,002,719 |
| BLG | Bluglass Limited | 0.029 | 9% | $35,718,106 |
| HAR | Harangaresources | 0.175 | 9% | $7,108,383 |
| JAT | Jatcorp Limited | 0.015 | 9% | $29,975,422 |
| DSK | Dusk Group | 1.88 | 9% | $105,855,371 |
| KIL | Kiland Ltd | 1.295 | 9% | $98,061,723 |
| PSQ | Pacific Smiles Grp | 1.65 | 9% | $251,341,552 |
| GAL | Galileo Mining Ltd | 1.67 | 9% | $286,093,216 |
| HHI | Health House Int Ltd | 0.012 | 9% | $1,900,735 |
Swipe or scroll to reveal full table. Click headings to sort:
Explorer Greentech Metals (ASX:GRE) has a bunch of new drill hits to ponder – like 32m @ 2.43% copper – which increases the potential for a far bigger resource at the 3.6Mt ‘Whundo’ copper-zinc project in the Pilbara region of WA.
Global pharmaceutical giant Pfizer supercharged its original takeover offer for 100% of little smartphone-based respiratory diagnostic maker ResApp Health (ASX:RAP) by as much as $78m, with the proviso that RAP can reproduce the promise of its COVID-19 screening cough results.
And infant formula stock Bubs Australia (ASX:BUB) announced a material upgrade to the company’s FY22 revenue and earnings expectations.
Following recent contract wins in the US, the company now expects FY22 gross revenue to exceed $100m, and to achieve at least 100% increase on 1H22 underlying EBITDA of $1.2m.
LAST WEEK’S BIGGEST SMALL CAP LOSERS
Here are the best performing ASX small cap stocks for June 14 – June 17:
| Code | Description | Last | % Week | Market Cap |
|---|---|---|---|---|
| KWR | Kingwest Resources | 0.066 | -47% | $22,353,518 |
| IMR | Imricor Med Sys | 0.11 | -45% | $21,494,091 |
| AYA | Artryalimited | 0.425 | -45% | $35,076,787 |
| AMD | Arrow Minerals | 0.002 | -43% | $5,471,795 |
| HUM | Humm Group Limited | 0.44 | -42% | $284,779,283 |
| BMH | Baumart Holdings Ltd | 0.105 | -42% | $26,054,056 |
| DCN | Dacian Gold Ltd | 0.105 | -42% | $184,463,101 |
| GFN | Gefen Int | 0.08 | -41% | $5,375,996 |
| CBL | Control Bionics | 0.13 | -37% | $6,291,363 |
| C29 | C29Metalslimited | 0.11 | -35% | $2,994,750 |
| ILA | Island Pharma | 0.12 | -35% | $5,189,559 |
| OLL | Openlearning | 0.03 | -35% | $7,074,685 |
| OKR | Okapi Resources | 0.19 | -34% | $24,013,530 |
| AUQ | Alara Resources Ltd | 0.041 | -34% | $33,860,603 |
| 3MF | 3D Metalforge | 0.012 | -33% | $2,311,006 |
| A8G | Australasian Metals | 0.2 | -33% | $8,645,804 |
| AYM | Australia United Min | 0.004 | -33% | $7,370,310 |
| AYT | Austin Metals Ltd | 0.008 | -33% | $9,142,872 |
| DVL | Dorsavi Ltd | 0.01 | -33% | $3,538,813 |
| GO2 | Thego2People | 0.012 | -33% | $4,879,659 |
| MGG | Mogul Games Grp Ltd | 0.002 | -33% | $6,523,320 |
| NAE | New Age Exploration | 0.006 | -33% | $10,051,292 |
| OMX | Orangeminerals | 0.08 | -33% | $3,898,714 |
| RCW | Rightcrowd | 0.04 | -33% | $11,762,338 |
| KKO | Kinetiko Energy Ltd | 0.05 | -33% | $35,974,068 |
| BKG | Booktopia Group | 0.235 | -33% | $32,966,232 |
| EPN | Epsilon Healthcare | 0.0225 | -33% | $5,528,142 |
| SZL | Sezzle Inc. | 0.29 | -33% | $58,234,393 |
| ABV | Adv Braking Tech Ltd | 0.021 | -32% | $7,962,124 |
| WMC | Wiluna Mining Corp | 0.33 | -32% | $101,961,574 |
| WR1 | Winsome Resources | 0.22 | -31% | $29,725,079 |
| DEL | Delorean Corporation | 0.093 | -31% | $21,356,371 |
| SLZ | Sultan Resources Ltd | 0.1 | -31% | $8,744,861 |
| KCC | Kincora Copper | 0.065 | -31% | $5,127,158 |
| FGL | Frugl Group Limited | 0.009 | -31% | $1,813,950 |
| VEE | Veem Ltd | 0.42 | -31% | $59,037,962 |
| GCR | Golden Cross | 0.063 | -30% | $6,583,537 |
| GLV | Global Oil & Gas | 0.0035 | -30% | $7,493,419 |
| M24 | Mamba Exploration | 0.07 | -30% | $3,374,000 |
| ACB | A-Cap Energy Ltd | 0.063 | -30% | $86,270,456 |
| EM2 | Eagle Mountain | 0.28 | -30% | $79,092,469 |
| SHP | South Harz Potash | 0.098 | -30% | $55,863,542 |
| PNR | Pantoro Limited | 0.21 | -30% | $322,879,456 |
| TGM | Theta Gold Mines Ltd | 0.061 | -30% | $39,066,141 |
| CPO | Culpeominerals | 0.2 | -30% | $9,019,413 |
| GLA | Gladiator Resources | 0.019 | -30% | $10,343,398 |
| ELT | Elementos Limited | 0.42 | -29% | $79,708,033 |
| RVS | Revasum | 0.265 | -29% | $30,715,830 |
| KP2 | Kore Potash PLC | 0.017 | -29% | $12,991,744 |
Humm (ASX:HUM), Booktopia (ASX:BKG) and Sezzle (ASX:SZL) all fell by about a full third this week. That last one’s going to feel pretty galling to Zip (ASX:Z1P), who’s paid about half a billion dollarbucks for that fizzler.
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