On Stockhead today, how to buy a portfolio with stocks ‘on sale’, the new ASX 300 biotechs, and how to pick a stock to short sell.
But first, the day ahead.
Local shares are set to open lower today. At 8am AEST, the ASX 200 October futures contract is pointing down by 0.25%.
S&P Global issues preliminary September purchasing managers’ indexes (PMIs) for the manufacturing and services sectors.
“Rising interest rates and cost pressures are beginning to weigh on Aussie business activity,” CommSec says.
TRADING HALTS
The following companies are in trading halts and are expected out in the next few days:
Zeotech (ASX:ZEO) – Capital Raise
Syrah Resources (ASX:SYR) – Labour-related operational interruption at Balama Graphite Operation
Carbonxt Group (ASX:CG1) – Capital raise.
Consolidated Zinc (ASX:CZL) – Capital raise
Encounter Resources (ASX:ENR) – Capital raise
Estrella Resources (ASX:ESR) – Capital raise
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,671.17 (-0.15%)
Silver: $US19.63 (+0.22%)
Nickel (3mth): $US24,365/t (-2.34%)
Copper (3mth): $US7,684/t (-0.06%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, Sept 14): $US71,500/t (+98.6% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, Sept 14): $US70,550/t (+135.6% year-to-date)
Oil (WTI): $US83.28 (+0.42%)
Oil (Brent): $US89.37 (-0.45%)
Iron 62pc Fe: $US98.83 (+0.18%)
AUD/USD: 0.6643 (-0.30%)
Bitcoin: $US19,219 (+3.16%)
WHAT GOT YOU TALKING YESTERDAY?
Three 0.75% hikes in a row. At least it wasn’t 1%?
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.
WEDNESDAY ASX SMALL CAP WINNERS
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CCE | Carnegie Cln Energy | 0.002 | 100% | 3,745,192 | $15,102,574 |
| GMN | Gold Mountain Ltd | 0.009 | 50% | 20,901,292 | $7,158,895 |
| CXU | Cauldron Energy Ltd | 0.015 | 25% | 5,311,096 | $6,424,935 |
| AEV | Avenira Limited | 0.0125 | 25% | 72,033,559 | $12,173,351 |
| SIH | Sihayo Gold Limited | 0.0025 | 25% | 357,500 | $12,204,256 |
| ACS | Accent Resources NL | 0.037 | 23% | 13,513 | $13,980,818 |
| ILA | Island Pharma | 0.185 | 23% | 71,342 | $6,486,949 |
| RSH | Respiri Limited | 0.048 | 23% | 1,049,866 | $29,712,007 |
| OAR | OAR Resources Ltd | 0.006 | 20% | 281,240 | $10,855,189 |
| RAS | Ragusa Minerals Ltd | 0.32 | 19% | 15,354,089 | $34,733,898 |
| ENT | Enterprise Metals | 0.014 | 17% | 41,667 | $7,835,768 |
| PCL | Pancontinental Energy | 0.0035 | 17% | 100,000 | $22,662,668 |
| ARO | Astro Resources NL | 0.004 | 14% | 246,263 | $17,126,434 |
| TMX | Terrain Minerals | 0.008 | 14% | 1,983,334 | $5,325,327 |
| TSL | Titanium Sands Ltd | 0.016 | 14% | 166,149 | $19,689,570 |
| FG1 | Flynngold | 0.12 | 14% | 527,061 | $6,726,410 |
| W2V | Way2Vatltd | 0.04 | 14% | 67,671 | $5,602,146 |
| ARV | Artemis Resources | 0.048 | 14% | 2,518,918 | $58,309,901 |
| RRR | Revolver Resources | 0.33 | 14% | 43,033 | $27,737,413 |
| HIL | Hills Ltd | 0.075 | 14% | 613,820 | $15,311,045 |
| M2M | Mt Malcolm Mines | 0.085 | 13% | 55,000 | $4,670,700 |
| R3D | R3D Resources Ltd | 0.087 | 13% | 189,302 | $8,402,633 |
| AM7 | Arcadia Minerals | 0.31 | 13% | 1,695,413 | $12,841,920 |
| AOA | Ausmon Resorces | 0.009 | 13% | 625,466 | $6,858,315 |
| CAD | Caeneus Minerals | 0.0045 | 13% | 1,133,378 | $18,882,420 |
AVENIRA (ASX:AEV) inked a non-binding deal with Lithium Iron Phosphate (LFP) battery manufacturer Aleees and the NT government to build a LFP battery cathode manufacturing plant in Darwin, leveraging AEV’s flagship 67Mt Wonarah phosphate project.
FLYNN GOLD (ASX:FG1) hit more high grade gold at the Trafalgar prospect, part of the Golden Ridge project in Tassie.
Near term producer R3D RESOURCES (ASX:R3D) increased resources by x4 at its Tartana project in QLD to 11,265t of contained copper – enough to underpin “several years of copper sulphate production”.
WEDNESDAY ASX SMALL CAP LAGGARDS
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| GGE | Grand Gulf Energy | 0.018 | -45% | 16,384,177 | $51,038,152 |
| CBE | Cobre | 0.185 | -39% | 20,491,972 | $62,131,378 |
| MOM | Moab Minerals Ltd | 0.017 | -38% | 19,038,114 | $18,753,996 |
| TNG | TNG Limited | 0.088 | -30% | 19,596,043 | $173,552,278 |
| LNU | Linius Tech Limited | 0.003 | -25% | 29,638,364 | $9,255,465 |
| MCM | Mc Mining Ltd | 0.705 | -23% | 225,471 | $181,842,480 |
| LGM | Legacy Minerals | 0.115 | -23% | 129,908 | $6,868,620 |
| ATH | Alterity Therap Ltd | 0.014 | -22% | 19,127,530 | $43,323,742 |
| TD1 | Tali Digital Limited | 0.004 | -20% | 84,998 | $6,163,153 |
| THR | Thor Mining PLC | 0.009 | -18% | 9,592,418 | $12,090,797 |
| CHK | Cohiba Min Ltd | 0.007 | -18% | 8,630,954 | $13,835,117 |
| LRD | Lord Resources | 0.29 | -17% | 461,071 | $11,649,617 |
| PO3 | Purifloh Ltd | 0.35 | -17% | 30,033 | $13,239,869 |
| AYT | Austin Metals Ltd | 0.01 | -17% | 921,330 | $12,190,496 |
| MOH | Moho Resources | 0.0305 | -15% | 1,434,270 | $5,980,672 |
| FFG | Fatfish Group | 0.023 | -15% | 1,995,905 | $27,975,507 |
| LME | Limeade Inc. | 0.165 | -13% | 997,151 | $48,320,451 |
| IMU | Imugene Limited | 0.2 | -13% | 29,367,455 | $1,441,718,597 |
| SKN | Skin Elements Ltd | 0.027 | -13% | 236,451 | $13,430,045 |
| MXO | Motio Ltd | 0.034 | -13% | 127,778 | $10,046,484 |
| GBZ | GBM Rsources Ltd | 0.041 | -13% | 2,135,238 | $26,306,553 |
| EXL | Elixinol Wellness | 0.028 | -13% | 1,535,866 | $10,120,498 |
| GTG | Genetic Technologies | 0.0035 | -13% | 1,739,938 | $36,935,861 |
| RIE | Riedel Resources Ltd | 0.007 | -13% | 150,000 | $8,573,656 |
| RMY | RMA Global | 0.175 | -13% | 47,501 | $95,871,927 |