On Stockhead today, five excellent reasons why fossil fuel subsidies suck, David Southam on why he’s pivoting to lithium, and why OPEC got it wrong.

But first … the day ahead.

This morning the RBA releases its half-yearly financial stability review.

Since the last one we’ve had six straight months of rate rises, one of the key risks listed in the April review in what could only be described as a self-fulfilling prophecy.

No listings today from what we can see, so let’s get onto the good stuff.

 

TRADING HALTS

Wellfully (ASX:WFL) – Wellfully is having a fully well deserved capital raise.

State Gas (ASX:GAS) – State Gas is on halt with an announcement about a “strategic acquisition”. Don’t know what it is, could be more gas.

Actinogen Medical (ASX:ACW) – Actinogen has an announcement about the results of its Phase 2 biomarker study on people with mild Alzheimer’s Disease, which it will release on Friday.

Matsa Resources (ASX:MAT) – Matsa’s got news about the Linden Gold Alliance Transaction.

99 Loyalty (ASX:99L) – 99 Loyalty would like to advise that it is changing strategic direction.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,723.38 (+0.28%)

Silver: $US20.68 (+0.00%)

Nickel (3mth): $US22,588/t (+2.4%)

Copper (3mth): $US7,680/t (-0.5%)

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): $US87.58 (-0.21%)

Oil (Brent): $US93.26 (-0.12%)

Iron 62pc Fe: $US94.10 (+0.39%)

AUD/USD: 0.6515 (+0.42%)

Bitcoin: $US20,224.70(+0.27%)

WHAT GOT YOU TALKING YESTERDAY?

You had your eye on our Eye on Lithium, where we eye the eyes eyeing lithium stocks and EV sales.

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 TOP ASX SMALL CAPS

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
WML Woomera Mining Ltd 0.023 53% 45,273,858 $10,302,495.99
BYI Beyond International 0.75 50% 62,312 $30,668,484.00
ANL Amani Gold Ltd 0.0015 50% 1,292,084 $23,693,441.13
KFE Kogi Iron Ltd 0.005 43% 9,212,075 $5,712,272.15
AVW Avira Resources Ltd 0.004 33% 648 $6,356,370.00
WBE Whitebark Energy 0.002 33% 12,485,860 $9,697,328.79
VAR Variscan Mines Ltd 0.028 33% 631,529 $5,601,372.50
KGD Kula Gold Limited 0.035 30% 3,732,544 $9,077,721.87
ALY Alchemy Resource Ltd 0.033 27% 45,501,612 $24,779,982.66
ADR Adherium Ltd 0.005 25% 725,558 $10,247,399.46
AYT Austin Metals Ltd 0.01 25% 415,239 $8,126,997.24
BPP Babylon Pump & Power 0.005 25% 1,207,026 $9,831,085.37
NTL New Talisman Gold 0.0025 25% 179,274 $6,254,450.73
PCL Pancontinental Energ 0.005 25% 92,016,123 $30,216,891.24
SYN Synergia Energy Ltd 0.0025 25% 314,428 $16,835,581.41
MGA Metalsgrovemining 0.23 24% 1,550,841 $6,660,092.50
DUN Dundasminerals 0.68 24% 941,096 $21,304,557.45
MI6 Minerals260Limited 0.375 23% 857,802 $67,100,000.00
WNR Wingara Ag Ltd 0.065 23% 120,000 $9,303,752.71
PNV Polynovo Limited 1.795 23% 5,149,832 $969,372,984.46
HSC HSC Technology Group 0.011 22% 3,871,233 $19,554,654.03
NC1 Nicoresourceslimited 0.645 22% 515,237 $46,600,251.06
VRC Volt Resources Ltd 0.029 21% 17,743,508 $79,695,930.65
CBE Cobre 0.205 21% 14,869,040 $34,630,603.95
DMG Dragon Mountain Gold 0.012 20% 30,000 $3,936,716.65
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Woomera Mining (ASX:WML) were whoopin’ and hollerin’ after… starting drilling for lithium at its Lake Dundas project in the Southern Yilgarn Craton, WA.

Because right now, even just saying you’re looking for lithium is enough to add 53% to your share price. “The Lake Dundas Lithium Project,” WML says, “is believed to be enrished in lithium minerals”.

And Beyond International (ASX:BYI) shareholders were equally whooptastic, after the media company announced it would sell out to production and distribution player Banijay. At a spicy 57% premium to the Beyond one-month volume weighted average price.

 

YESTERDAY’S 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
ARE Argonaut Resources 0.001 -50% 1,991,700 $10,857,075.89
JAV Javelin Minerals Ltd 0.001 -33% 1,067,000 $14,181,229.16
TD1 Tali Digital Limited 0.002 -33% 21,880,908 $3,697,891.57
CPT Cipherpoint Limited 0.003 -25% 2,529,444 $3,316,653.02
SIT Site Group Int Ltd 0.003 -25% 200,000 $4,204,980.51
BGE Bridgesaaslimited 0.16 -20% 394,391 $5,807,202.00
CL8 Carly Holdings Ltd 0.031 -18% 783,405 $4,420,235.16
ENV Enova Mining Limited 0.014 -18% 1,492 $6,242,656.05
CTO Citigold Corp Ltd 0.005 -17% 143,300 $17,001,954.55
GLV Global Oil & Gas 0.0025 -17% 179,810 $5,620,064.12
LNY Laneway Res Ltd 0.005 -17% 291,642 $40,823,072.14
HPP Health Plant Protein 0.063 -16% 36,000 $9,211,555.35
DLT Delta Drone Intl Ltd 0.011 -15% 239,603 $3,898,521.90
BXN Bioxyne Ltd 0.024 -14% 31,489 $17,924,071.14
MBK Metal Bank Ltd 0.003 -14% 300,000 $9,127,363.56
MVL Marvel Gold Limited 0.024 -14% 17,075 $19,725,842.36
IAM Income Asset 0.13 -13% 40,000 $41,433,123.15
DME Dome Gold Mines Ltd 0.2 -13% 47,076 $80,523,951.28
TZL TZ Limited 0.096 -13% 77,373 $24,497,892.54
EXL Elixinol Wellness 0.028 -13% 2,387 $10,120,498.27
GMN Gold Mountain Ltd 0.007 -13% 112,333 $11,865,193.36
IGN Ignite Ltd 0.077 -13% 3,000 $7,883,231.40
CSF Catalanoseafoodltd 0.105 -13% 34,525 $3,645,480.00
CVR Cavalierresources 0.14 -13% 93,356 $4,862,248.00
APX Appen Limited 2.93 -12% 4,117,134 $411,076,365.48
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