Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, the super alloy that’s also an EV secret sauce, an ETF that tracks royalty payments, and a renewable energy IPO.
But first, the day ahead.
Local shares are set to open higher today. At 8am AEST, the ASX 200 September futures contract is pointing up by 0.15%.
In Oz, we get building approvals for July, assuming there were any construction companies left. US data fans will get a read on home prices for June, and JOLTs job vacancies for July, as well as consumer confidence for August. All kinds oif big deals.
In Europe, it’s time for the Global Composite PMI for August and retail sales for July.
TRADING HALTS
The following companies are in trading halts and are expected out in the next few days:
I Synergy Group (ASX:IS3) – I, Capital Raise.
Pro-Pac Packaging (ASX:PPG) – PPG’s got news about an equity and debt restructuring in the works.
Cobre (ASX:CBE) – More drilling results are on the way from Cobre’s copper hunt in Botswana.
Blue Star Helium (ASX:BNL) – Blue Star has news from the Sammon Well on the way.
Horseshoe Metals (ASX:HOR) – More news incoming, this time assay results from Horseshoe Lights Copper Gold Project.
Tesoro Gold (ASX:TSO) – Wow… everyone’s been busy, by the looks of things – Tesoro Gold’s got material exploration results on the way as well.
Suvo Strategic Minerals (ASX:SUV) – Likewise, SUV has something to say about its Eneabba Project.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,737.45 (+0.05%)
Silver: $US18.75 (-0.65%)
Nickel (3mth): $US21,710/t (+0.15%)
Copper (3mth): $US8,129/t (+0.00%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, Aug 17): $US71,200/t (+90.2% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, Aug 17): $US71,775/t (+127.4% year-to-date)
Oil (WTI): $US97.11 (+4.34%)
Oil (Brent): $US104.78 (+3.70%)
Iron 62pc Fe: $US105.28 (-0.20%)
AUD/USD: 0.6905 (+0.5%%)
Bitcoin: $US20,208 (+1.17%)
WHAT GOT YOU TALKING YESTERDAY?
Five reasons to get on the yellowcake train to oblivion? Hell yes, where do we sign, say Stockhead readers.
Here are five (of many) reasons why #uranium stocks are set to boom in the years ahead.#ASX $BMN $DYL
https://t.co/vSw3FQrsUF— Stockhead (@StockheadAU) August 28, 2022
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 preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
YESTERDAY’S BIGGEST SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for August 22 – August 26:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ARE | Argonaut Resources | 0.002 | 100% | 15,871,143 | $3,619,025 |
| MEB | Medibio Limited | 0.0015 | 50% | 2,727,961 | $3,320,594 |
| DTM | Dart Mining NL | 0.125 | 44% | 9,568,323 | $11,767,634 |
| GAL | Galileo Mining Ltd | 1.26 | 27% | 9,460,217 | $195,434,177 |
| HHR | Hartshead Resources | 0.047 | 27% | 12,790,911 | $68,626,569 |
| OAR | OAR Resources Ltd | 0.005 | 25% | 2,199,005 | $8,684,152 |
| LNY | Laneway Res Ltd | 0.006 | 20% | 2,778,704 | $32,690,082 |
| ROG | Red Sky Energy. | 0.006 | 20% | 18,208,804 | $26,511,136 |
| BKG | Booktopia Group | 0.31 | 19% | 241,491 | $35,713,418 |
| HIQ | Hitiq Limited | 0.06 | 18% | 73,982 | $5,770,965 |
| TDO | 3D Oil Limited | 0.06 | 18% | 27,676 | $13,524,607 |
| ADX | ADX Energy Ltd | 0.007 | 17% | 21,910,878 | $21,030,178 |
| TEE | Topend Energy | 0.295 | 16% | 226,710 | $10,757,813 |
| DLT | Delta Drone Intl Ltd | 0.015 | 15% | 200,000 | $3,898,522 |
| FDR | Finder | 0.115 | 15% | 645,386 | $7,500,000 |
| TG1 | Techgen Metals Ltd | 0.195 | 15% | 260,103 | $7,515,431 |
| ADV | Ardiden Ltd | 0.008 | 14% | 4,334,276 | $18,678,347 |
| AGD | Austral Gold | 0.048 | 14% | 25,724 | $25,717,077 |
| DOR | Doriemus PLC | 0.057 | 14% | 64,530 | $6,017,805 |
| RMY | RMA Global | 0.165 | 14% | 1,131,798 | $69,507,147 |
| TMH | The Market Herald | 0.515 | 13% | 179,768 | $88,829,211 |
| MGA | Metalsgrovemining | 0.135 | 13% | 15 | $4,320,060 |
| ROO | Roots Sustainable | 0.0045 | 13% | 382,218 | $2,998,531 |
| CG1 | Carbonxt Group | 0.14 | 12% | 294,383 | $24,056,086 |
| SPD | Southernpalladium | 1.03 | 12% | 93,882 | $39,632,061 |
Up strongly on Monday was Galileo Mining (ASX:GAL), which has struck massive sulphides at its Callisto palladium dig.
GAL says drilling at Callisto palladium discovery has intersected massive sulphide mineralisation including 1.25m of massive sulphides logged within a larger 29.1m zone of disseminated and stringer sulphides.
And say hello to Dart Mining (ASX:DTM), which started the day as a $10m lithium hopeful and ended it a $16m mini meme stock. It jumped 43% after Stockhead’s own Barry Fitzgerald put a rocket under it on Friday afternoon .
At least, that’s what they told the ASX in response to the speeding ticket.
LAST WEEK’S BIGGEST SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks for August 22 – August 26:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| VMG | VDM Group Limited | 0.001 | -50% | 343,688 | $13,855,322 |
| FNX | Finexia Financialgrp | 0.05 | -34% | 50,648 | $12,320,140 |
| SIV | SIV Capital Limited | 0.19 | -31% | 192,340 | $10,798,677 |
| TD1 | Tali Digital Limited | 0.005 | -29% | 211,741 | $8,628,414 |
| GRR | Grange Resources. | 0.985 | -27% | 14,949,426 | $1,568,193,936 |
| AO1 | Assetowl Limited | 0.0015 | -25% | 13,000,020 | $3,144,260 |
| GCR | Golden Cross | 0.01 | -23% | 267,765 | $14,264,329 |
| 99L | 99 Loyalty Ltd. | 0.025 | -22% | 139,501 | $37,109,848 |
| JGH | Jade Gas Holdings | 0.055 | -21% | 2,484,203 | $46,145,192 |
| HPP | Health Plant Protein | 0.08 | -20% | 47,617 | $12,282,074 |
| ADR | Adherium Ltd | 0.008 | -20% | 6,868,707 | $22,082,511 |
| HLX | Helix Resources | 0.008 | -20% | 13,897,037 | $23,231,458 |
| PRM | Prominence Energy | 0.002 | -20% | 500,000 | $6,061,522 |
| HPC | Thehydration | 0.135 | -18% | 109,197 | $23,736,217 |
| NWM | Norwest Minerals | 0.05 | -18% | 468,340 | $11,017,051 |
| DM1 | Desert Metals | 0.22 | -17% | 87,600 | $12,717,832 |
| DOC | Doctor Care Anywhere | 0.1 | -17% | 2,931,876 | $27,266,413 |
| RAS | Ragusa Minerals Ltd | 0.25 | -17% | 8,412,229 | $38,200,430 |
| CLE | Cyclone Metals | 0.0025 | -17% | 1,830,096 | $18,350,211 |
| DDT | DataDot Technology | 0.005 | -17% | 1,841,679 | $7,463,217 |
| TSC | Twenty Seven Co. Ltd | 0.0025 | -17% | 6,133,535 | $7,982,442 |
| PNV | Polynovo Limited | 1.375 | -16% | 7,799,153 | $1,085,168,392 |
| FXG | Felix Gold Limited | 0.16 | -16% | 133,000 | $15,801,616 |
| LAW | Lawfinance Ltd | 0.16 | -16% | 35,999 | $12,099,375 |
| EMP | Emperor Energy Ltd | 0.032 | -16% | 1,039,622 | $8,884,399 |
Sezzle (ASX:SZL) slumped 7.7%. It was a bad day for tech and SZL is a bit of a bad tech weather vane.
And while on the depressed side of the bourse, where life is without apologies, Aussie Broadband (ASX:ABB) got smacked after doing some really great things in the last 12 months – including returning to profit in FY22, and with some style, up 118% year-on-year.
The $5.3 million profit is a rather upbeat turnaround from last year’s $4.5 million loss.
EBITDA jumped a record 56% to just shy of $547 million, exceeding guidance for the second straight fiscal.
ABB shares were… getting poleaxed. You people are harsh.
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