On Stockhead today, the eternal bull case for biotechs, 3 ESG picks from Perennial, and small caps takeover targets on the table.
But first, the day ahead.
Local shares are set to open flat this morning.
Later today we see what happens when the RBNZ meets – which could be interesting, expect a 50bps hike – while in Oz we get Westpac’s Consumer Confidence Index for July and Australia Consumer Inflation Expectations.
Woo.
WHO’s SCHEDULED TO LIST?
No one.
TRADING HALTS
Lake Resources (ASX:LKE) – Lake is preparing a response to an online report. Stay tuned.
Okapi Resources (ASX:OKR) – Capital Raising.
Falcon Metals (ASX:FAL) – There’s an announcement in relation to exploration results at Falcon’s Pyramid Hill Gold Project on its way.
AML3D (ASX:AL3) – Aaaaand it’s a capital raise. Happy days.
Zelira Therapeutics (ASX:ZLD) – Speeding ticket.
MARKETS
Gold: $US1,725.50 (-0.47%)
Silver: $US18.90 (-0.92%)
Nickel (3mth): $US21,310/t (-2.42%)
Copper (3mth): $US7,294/t (-3.83%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, June 30): $US69,750/t (0.0% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 30): $US70,875/t (0.0% weekly)
Oil (WTI): $US95.99 (-7.88%)
Oil (Brent): $US98.67 (-7.47%)
Iron 62pc Fe: $US109.68 (-0.26%)
AUD/USD: 0.6757 (-0.10%)
Bitcoin: $US19,390 (-4.21%)
WHAT GOT YOU TALKING YESTERDAY?
Rick Rule did, with his two ASX picks for 2022. Go on, you know you want to:
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. 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.
TODAY’S BIGGEST SMALL CAP WINNERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| RMY | RMA Global | 0.16 | 52% | 199,713 |
| ANL | Amani Gold Ltd | 0.0015 | 50% | 182,525 |
| ATU | Atrum Coal Ltd | 0.008 | 33% | 465,582 |
| ZLD | Zelira Therapeutics | 1.98 | 29% | 47,735 |
| AD1 | AD1 Holdings Limited | 0.015 | 25% | 598,385 |
| SBR | Sabre Resources | 0.005 | 25% | 333,500 |
| HMG | Hamelin Gold | 0.12 | 20% | 36,000 |
| 1ST | 1St Group Ltd | 0.006 | 20% | 507,857 |
| LNU | Linius Tech Limited | 0.006 | 20% | 4,090,797 |
| DLM | Dominion Minerals | 0.049 | 20% | 170,506 |
| TAR | Taruga Minerals | 0.026 | 18% | 598,235 |
| RTH | Ras Tech | 0.59 | 18% | 31,612 |
| DUN | Dundas Minerals | 0.14 | 17% | 64,388 |
| PEC | Perpetual Res Ltd | 0.042 | 17% | 9,930 |
| VKA | Viking Mines Ltd | 0.007 | 17% | 20,000 |
| RNO | Rhinomed Ltd | 0.15 | 15% | 141,478 |
| FGL | Frugl Group Limited | 0.015 | 15% | 100,000 |
| TTI | Traffic Technologies | 0.015 | 15% | 1,600,800 |
| 88E | 88 Energy Ltd | 0.0115 | 15% | 39,791,783 |
| RCW | Rightcrowd | 0.046 | 15% | 11,000 |
| PFE | Pantera Minerals | 0.155 | 15% | 3,850 |
| CXU | Cauldron Energy Ltd | 0.008 | 14% | 781,797 |
| ROO | Roots Sustainable | 0.004 | 14% | 30,000 |
| JNO | Juno | 0.125 | 14% | 2,457 |
| OSL | Oncosil Medical | 0.06 | 13% | 2,539,616 |
Belararox (ASX:BRX)is hands down one of the best performing ASX IPOs for 2022, says the notoriously difficult to impress Jessica Cummins.
After IPOing in January with $6m at $0.20, the BRX share price has inched ahead by slightly over 270%.
It’s now trading at over $0.50. and was up some 20% yesterday after confirming high-grade massive sulphide in its third hole from phase-one reverse circulation drilling at the Belara Mine in the Lachlan Fold Belt of New South Wales.
Hits include 7m at 2.2% zinc, 2.54% copper, 0.63% lead, 36.87g/t silver and 0.67g/t gold from 78m, including 3m at 4.72% zinc, 5.85% copper, 1.30% lead, 82.60g/t silver and 1.5g/t gold.
We’re big fans of Shekel Brainweigh (ASX: SBW), the Israeli-based leader in artificial intelligence-based (AI) electronic weighing systems here at Small Stocks R US.
What do they do at Shekel Brainweigh?
For over four decades, Shekel Brainweigh has disrupted the retail, healthcare and manufacturing markets with its innovative advanced weighing technology solutions.
Using highly advanced Deep Learning and Artificial Intelligence, Shekel’s suite of automation products aim to transform the retail industry and revolutionise the consumer experience.
Anyhoo. SBW reports first half revenue is up by almost a full quarter (23% to $19.5m) on the back of strong growth in its Retail Innovation segment.
Also doing well, the Shekel Healthcare segment which saw a full-third (33%) jump in H1 revenue, while the weighing-stuff-really-well retail division jumped a further 27% on the previous corresponding period.
Up well over 5% at the close after hitting intraday highs which were bolder and fuller, Arafura Resources (ASX:ARU) remains a happy resources firm on news GE Renewables’ non-binding memorandum of understanding aims to establish a sustainable supply chain for Neodymium and Praseodymium (NdPr) for the manufacture of offshore wind turbines and energy transition.
TODAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Security | Description | Last | % | Volume |
|---|---|---|---|---|
| CLZDB | Classic Min Ltd | 0.055 | -63% | 3,121,006 |
| SZL | Sezzle Inc. | 0.255 | -39% | 9,651,888 |
| CVV | Caravel Minerals Ltd | 0.135 | -27% | 414,251 |
| WFL | Wellfully Limited | 0.044 | -21% | 754,301 |
| MKL | Mighty Kingdom Ltd | 0.03 | -21% | 1,025,599 |
| IOU | Ioupay Limited | 0.072 | -20% | 13,460,517 |
| DAL | Dalaroo Metals | 0.115 | -18% | 65,557 |
| FIN | FIN Resources Ltd | 0.014 | -18% | 187,026 |
| IMR | Imricor Med Sys | 0.3 | -17% | 509,786 |
| LSA | Lachlan Star Ltd | 0.015 | -17% | 1,626,833 |
| PFT | Pure Foods Tas Ltd | 0.2 | -17% | 117,295 |
| SRZ | Stellar Resources | 0.015 | -17% | 913,300 |
| ARE | Argonaut Resources | 0.0025 | -17% | 1,833,846 |
| AUH | Austchina Holdings | 0.005 | -17% | 17,614,430 |
| GMN | Gold Mountain Ltd | 0.005 | -17% | 4,611 |
| TSC | Twenty Seven Co. Ltd | 0.0025 | -17% | 37,713 |
| CYM | Cyprium Metals Ltd | 0.092 | -16% | 16,315,902 |
| C6C | Copper Mountain | 1.97 | -16% | 27,501 |
| E2M | E2 Metals | 0.105 | -16% | 434,013 |
| ENX | Enegex Limited | 0.032 | -16% | 16,667 |
| TPW | Temple & Webster Ltd | 3 | -16% | 1,583,871 |
| LLL | Leolithiumlimited | 0.38 | -16% | 13,746,973 |
| AOU | Auroch Minerals Ltd | 0.062 | -15% | 581,060 |
| MOH | Moho Resources | 0.023 | -15% | 430,766 |
| GTI | Gratifii | 0.018 | -14% | 943,972 |
Zip Co (ASX:ZIP), who’ll be paying Sezzle (ASX:SZL) a sorry I left you at the altar fee after suddenly scuppering their long ago promised merger.
In a statement to the exchange, Zip said the deal is off because the economy went sideways yada yada and now market conditions suck yada yada.
Zip will pay Sezzle US$11m to cover legal, accounting and other damage-related costs.