On Stockhead today, why vanadium redox flow batteries aren’t a big deal – yet, why graphite is poised to be lithium 2.0, and who won the ASX and crypto in September?

But first, the day ahead.

There are holidays today in NSW, ACT, QLD, and South Australia.

Today, Corelogic issues the national home value index for September.

“The index recorded its largest monthly decline since 1983 in August, down 1.6%,” Commsec says.

“CBA economists expect home prices to fall another 1.5% in September.”

The release of the Melbourne Institute inflation gauge for September will also be closely watched after headline prices fell for the first time in four months in August, down 0.5%.

 

TRADING HALTS

The following companies are in trading halts and are expected out in the next few days:

Infinity Lithium Corporation (ASX: INF) – permitting update at its San José Lithium Project

Widgie Nickel Limited (ASX:WIN) – exploration results at Mt Edwards Project

QEM Ltd (ASX:QEM) – capital raise

Danakali (ASX: DNK) – potential asset disposal

Fiji Kava (ASX:FIJ) – capital raise

Yandal Resources (ASX:YRL) – application with the Federal Court of Australia or Supreme Court of Western Australia seeking declaratory relief

My Rewards International (ASX:MRI) – planned pro-rata rights issue to existing shareholders

Kinetiko Energy (ASX:KKO) –capital raise

Vanadium Resources (ASX:VR8) – Definitive Feasibility Study for Steelpoortdrift vanadium project

Paradigm Biopharmaceuticals (ASX:PAR) – The company has received biomarker and clinical data from an independent contract research organisation (CRO) relating to its phase II PARA_008 clinical trial. The company is requesting a trading halt so it has time to analyse the data and prepare an ASX announcement and webinar presentation on the data, to be released to the market on Tuesday 4 October 2022.

 

COMMODITY/ FOREX/ CRYPTO MARKET PRICES

Gold: $US1,660.52 (+0.01%)

Silver: $US19.004 (+1%)

Nickel (3mth): $US22,348/t (+2.49%)

Copper (3mth): $US7,542/t (+1.62%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, Sept 28): $US70,925/t (+102% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Sept 28): $US70,800/t (+139.9% year-to-date)

Oil (WTI): $US79.704 (-1.88%)

Oil (Brent): $US85.35 (-2.10%)

Iron 62pc Fe: $US98.00 (-2.97%)

AUD/USD: 0.63982 (-1.81%)

Bitcoin: $US19,2784 (-0.77%)

 

WHAT GOT YOU TALKING OVER THE WEEKEND?

There are reports a major investment bank is on the verge of collapse.

 

Most online chatter points at Credit Suisse, one of the world’s largest financial services providers.

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.

 

ASX SMALL CAP LEADERS:

Here are the best performing ASX small cap stocks for September 24 to September 30:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Week Market Cap
DUN Dundasminerals 0.64 205% $25,565,468.94
MGA Metalsgrovemining 0.195 63% $7,920,110.00
CGS Cogstate Ltd 2.17 48% $383,144,011.51
BXN Bioxyne Ltd 0.026 44% $17,924,071.14
ATL Apollo Tourism 0.725 41% $134,959,408.30
QXR Qx Resources Limited 0.047 38% $41,249,391.41
CFO Cfoam Limited 0.004 33% $2,568,442.22
GGX Gas2Grid Limited 0.002 33% $8,116,204.16
ROO Roots Sustainable 0.004 33% $3,373,347.10
GW1 Greenwing Resources 0.38 33% $50,098,939.60
WC1 Westcobarmetals 0.275 31% $7,380,018.00
ALA Arovella Therapeutic 0.034 31% $20,796,375.05
LGM Legacy Minerals 0.15 30% $6,868,620.30
ALY Alchemy Resource Ltd 0.027 29% $19,061,519.10
PSC Prospect Res Ltd 0.11 28% $48,537,243.51
SKN Skin Elements Ltd 0.034 26% $14,729,727.04
CBY Canterbury Resources 0.044 26% $5,174,338.26
FTC Fintech Chain Ltd 0.025 25% $16,269,239.70
HVM Happy Valley 0.05 25% $9,776,359.12
MGG Mogul Games Grp Ltd 0.0025 25% $6,526,882.41
RDN Raiden Resources Ltd 0.01 25% $14,845,518.70
TTM Titan Minerals 0.079 23% $103,022,942.58
SOM SomnoMed Limited 1.47 23% $115,863,041.00
GES Genesis Resources 0.011 22% $8,611,254.23
UUL Ultima Utd Ltd 0.08 21% $6,304,447.06
SIH Sihayo Gold Limited 0.003 20% $12,204,256.18
CAU Cronos Australia 0.715 19% $404,690,613.19
NUH Nuheara Limited 0.22 19% $30,182,971.72
BTR Brightstar Resources 0.019 19% $12,937,217.38
DTI DTI Group Ltd 0.019 19% $7,625,374.04
ICG Inca Minerals Ltd 0.041 17% $19,757,684.30
IRX Inhalerx Limited 0.069 17% $11,624,220.03
AJQ Armour Energy Ltd 0.007 17% $13,550,705.26
SGI Stealth Global 0.14 17% $11,465,500.00
TEG Triangle Energy Ltd 0.014 17% $17,479,016.17
HMI Hiremii 0.05 16% $5,293,357.95
MTO Motorcycle Hldg 2.5 16% $148,713,171.10
3PL 3P Learning Ltd 1.4 16% $362,194,262.70
GO2 Thego2People 0.015 15% $6,099,573.81
HXL Hexima 0.015 15% $2,396,081.27
IBG Ironbark Zinc Ltd 0.015 15% $17,645,882.71
RFA Rare Foods Australia 0.068 15% $14,051,994.60
IKE Ikegps Group Ltd 0.77 15% $103,657,776.95
MXO Motio Ltd 0.039 15% $10,046,484.12
BUY Bounty Oil & Gas NL 0.008 14% $10,964,007.86
GTG Genetic Technologies 0.004 14% $27,701,895.43
PCL Pancontinental Energ 0.004 14% $22,662,668.43
RBR RBR Group Ltd 0.004 14% $5,150,481.38
LIN Lindian Resources 0.325 14% $271,471,044.16
S3N Sensore Ltd 0.46 14% $11,081,480.52
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Nickel, copper, cobalt and gold explorer Dundas Minerals (ASX:DUN) hit suprise massive sulphides and ultramafic rocks in water drilling at the Central Target in WA. A drill hole to test the 450m deep AMT anomaly has now commenced.

Metals Grove Mining (ASX:MGA)  identified “significant lithium pegmatite potential” at the Upper Coondina project in the Pilbara.

Big news out of Nasdaq-listed Biogen (NASDAQ: BIIB) last week as the biotech said that its experimental Alzheimer’s drug with Japan-based partner Eisai showed promising results.

Biogen’s stock price surged 40% on the news, which also also led to a 36% rally in the price of Cogstate (ASX:CGS) on Wednesday before the company put itself on a trading halt at 10.30am.

While Cogstate is not part of the study, the company had entered into an agreement with Eisai in 2020 to grant Eisai rights to exclusively develop and distribute Cogstate’s digital cognitive assessment technologies in worldwide markets.

Such digital cognitive assessments will play an important role in supporting the types of large-scale cognitive assessment that will be necessary in the launch of disease modifying therapies such as Biogen’s lecanemab drug.

Lithium explorer QXR Resources (ASX:QXR) appointed new managing director, Steve Promnitz.

Steve was previously managing director of lithium project developer Lake Resources (ASX:LKE), which he took from a small cap nobody to $2.1bn market cap near-term miner.

 

ASX SMALL CAP LAGGARDS:

Here are the worst performing ASX small cap stocks for September 19 to September 23:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Week Market Cap
1CG One Click Group Ltd 0.017 -58% $10,078,585.78
REY REY Resources Ltd 0.12 -55% $25,431,304.68
AR1 Australresources 0.2 -42% $59,191,366.80
MCM Mc Mining Ltd 0.41 -42% $88,944,691.50
HTG Harvest Tech Grp Ltd 0.06 -38% $43,654,564.18
AYM Australia United Min 0.004 -33% $7,370,309.94
EVE EVE Health Group Ltd 0.001 -33% $5,274,482.66
RAN Range International 0.006 -33% $6,575,032.24
ACS Accent Resources NL 0.025 -32% $13,048,763.92
CBE Cobre 0.1275 -31% $27,500,773.73
BMG BMG Resources Ltd 0.02 -31% $7,719,833.16
CYM Cyprium Metals Ltd 0.068 -31% $50,383,682.70
ALM Alma Metals Ltd 0.0105 -30% $10,376,067.08
ADR Adherium Ltd 0.005 -29% $12,809,249.33
NYR Nyrada Inc. 0.1 -29% $20,281,131.00
LNY Laneway Res Ltd 0.005 -29% $39,228,098.46
LEL Lithenergy 0.71 -28% $43,909,500.00
RAG Ragnar Metals Ltd 0.028 -28% $15,167,395.56
GRE Greentechmetals 0.14 -26% $4,535,599.86
AJL AJ Lucas Group 0.115 -26% $137,572,963.03
NC1 Nicoresourceslimited 0.52 -26% $48,798,376.11
AO1 Assetowl Limited 0.0015 -25% $2,358,194.64
ARE Argonaut Resources 0.0015 -25% $8,142,806.91
AUH Austchina Holdings 0.006 -25% $14,257,829.12
BOA Boadicea Resources 0.105 -25% $8,546,988.45
BPP Babylon Pump & Power 0.0045 -25% $12,288,856.72
CBH Coolabah Metals Limi 0.105 -25% $4,044,000.12
DW8 DW8 Limited 0.006 -25% $16,225,272.10
KEY KEY Petroleum 0.0015 -25% $3,935,856.25
MBK Metal Bank Ltd 0.003 -25% $9,127,363.56
TD1 Tali Digital Limited 0.003 -25% $3,697,891.57
OZM Ozaurum Resources 0.079 -25% $5,925,860.00
UVA Uvrelimited 0.14 -24% $4,724,998.50
SRX Sierra Rutile 0.2125 -24% $93,332,018.34
CRR Critical Resources 0.063 -24% $93,744,960.06
SRR Saramaresourcesltd 0.099 -24% $4,291,168.09
NIM Nimyresourceslimited 0.275 -24% $15,453,055.24
S66 Star Combo 0.18 -23% $24,314,936.58
PUR Pursuit Minerals 0.0115 -23% $11,978,150.33
BTC BTC Health Ltd 0.043 -23% $12,401,239.58
3DA Amaero International 0.1 -23% $22,773,030.31
HPC Thehydration 0.1 -23% $18,701,261.80
INP Incentiapay Ltd 0.01 -23% $12,650,636.25
NCZ New Century Resource 1.055 -23% $146,709,598.56
PO3 Purifloh Ltd 0.27 -23% $8,511,344.46
TGN Tungsten Min NL 0.081 -23% $73,136,527.30
NRX Noronex Limited 0.034 -23% $5,966,092.55
W2V Way2Vatltd 0.031 -23% $6,046,702.60
RFT Rectifier Technolog 0.031 -23% $42,622,022.36
LNR Lanthanein Resources 0.038 -22% $37,550,197.23
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