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Rise and Shine: Everything you need to know before the ASX opens
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On Stockhead today, why you should always wait for the lab assay, could a recession end the EV party, and are biotech IPOs going cheap?
But first, the day ahead.
TRADING HALTS
The following companies went into trading halts yesterday and are expected out in the next few days:
Findi (ASX:FND) – material agreement
NeuRizer (ASX:NRZ) – capital raise
Pantoro (ASX:PNR) – capital raise
Galan Lithium (ASX:GLN) – resource upgrade
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,638.80 (+0.62%)
Silver: $US18.74 (+1.59%)
Nickel (3mth): $US21,945/t (+0.32%)
Copper (3mth): $US7,683.50/t (-0.46%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, OCT 19): $US72,875/t (+111.6% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, OCT 19): $US71,900/t (+151.9% year-to-date)
Oil (WTI): $US87.15 (+1.89%)
Oil (Brent): $US93.51 (+1.29%)
Iron 62pc Fe: $US96.00 (+1.05%)
AUD/USD: 0.63009 (+0.61%)
Bitcoin: $US19,220 (+0.08%)
WHAT GOT YOU TALKING YESTERDAY?
Yesterday marked the anniversary of the October 19, 1987 crash, which saw US markets fall more than 20% in a single day. This veteran’s recollection is definitely worth a read.
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 ASX SMALL CAP LEADERS
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 |
|---|---|---|---|---|---|
| PPL | Pureprofile Ltd | 0.037 | 42% | 2,653,035 | $28,782,590 |
| AO1 | Assetowl Limited | 0.002 | 33% | 7,000,000 | $2,358,195 |
| RR1 | Reach Resources Ltd | 0.006 | 33% | 3,896,323 | $8,595,228 |
| ROG | Red Sky Energy. | 0.0065 | 30% | 58,888,689 | $26,511,136 |
| MRL | Mayur Resources Ltd | 0.16 | 28% | 458,173 | $30,242,189 |
| DEL | Delorean Corporation | 0.11 | 26% | 3,289,335 | $18,767,720 |
| LPDR | Lepidico Ltd | 0.0025 | 25% | 9,906,665 | $1,301,438 |
| R3D | R3D Resources Ltd | 0.099 | 24% | 371,746 | $8,730,009 |
| IMB | Intelligent Monitor | 0.092 | 23% | 10,000 | $9,802,522 |
| NES | Nelson Resources. | 0.012 | 20% | 1,234,785 | $2,942,972 |
| AS2 | Askarimetalslimited | 0.465 | 18% | 2,073,929 | $17,964,253 |
| CMD | Cassius Mining Ltd | 0.035 | 17% | 20,453 | $12,112,227 |
| JAT | Jatcorp Limited | 0.014 | 17% | 35,111,322 | $29,975,422 |
| JTL | Jayex Technology Ltd | 0.007 | 17% | 33,780 | $1,495,371 |
| TI1 | Tombador Iron | 0.028 | 17% | 1,886,101 | $51,287,577 |
| RRR | Revolverresources | 0.3 | 15% | 388,578 | $25,574,366 |
| ICN | Icon Energy Limited | 0.015 | 15% | 500,000 | $9,984,178 |
| MXC | Mgc Pharmaceuticals | 0.015 | 15% | 958,165 | $37,058,415 |
| M8S | M8 Sustainable | 0.008 | 14% | 392,989 | $3,436,359 |
| AKN | Auking Mining Ltd | 0.12 | 14% | 2,073,418 | $10,465,834 |
| BTN | Butn Limited | 0.17 | 13% | 92,505 | $11,755,334 |
| TOU | Tlou Energy Ltd | 0.026 | 13% | 727,540 | $13,804,722 |
| CBL | Control Bionics | 0.175 | 13% | 18,385 | $7,801,290 |
Novonix (ASX:NVX), Syrah Resources (ASX:SYR) and Piedmont (ASX:PLL) were among 20 battery-focused companies to receive a share of $US2.8bn of funding from the US Government.
Data and insights company Pureprofile (ASX:PPL) rose after an upbeat quarterly update.
Pureprofile delivered $12m in record quarterly revenue for investors. EBITDA was $1m for the quarter, which was ahead of the company’s expectations.
Askari Minerals (ASX:AS2) inked an agreement with $US1bn Chinese company Zhejiang Kanglongda to develop AS2’s lithium assets in WA and the NT.
Small copper play R3D Resources (ASX:R3D) has appointed current board member and major investor Jihad Malaeb as chairman, who will also provide a $500,000 unsecured loan to the company “on attractive terms”.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Here are the worst performing ASX small cap stocks
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| NTM | Nt Minerals Limited | 0.01 | -44% | 16,058,520 | $11,410,213 |
| WWG | Wisewaygroupltd | 0.055 | -35% | 19,514 | $14,219,979 |
| KP2 | Kore Potash PLC | 0.011 | -35% | 14,580,048 | $11,623,964 |
| ANL | Amani Gold Ltd | 0.001 | -33% | 856,634 | $35,540,162 |
| AQX | Alice Queen Ltd | 0.002 | -33% | 200,000 | $6,600,750 |
| YPB | YPB Group Ltd | 0.004 | -27% | 16,422,627 | $2,236,004 |
| RBL | Redbubble Limited | 0.525 | -27% | 3,757,568 | $199,958,561 |
| WBE | Whitebark Energy | 0.0015 | -25% | 374,000 | $12,929,772 |
| LRV | Larvottoresources | 0.195 | -24% | 1,816,145 | $10,590,788 |
| CAV | Carnavale Resources | 0.005 | -23% | 1,200,415 | $17,768,086 |
| A1G | African Gold Ltd. | 0.065 | -23% | 461,739 | $10,030,468 |
| AMS | Atomos | 0.105 | -20% | 3,165,656 | $29,310,386 |
| CLE | Cyclone Metals | 0.002 | -20% | 46,837,879 | $15,291,842 |
| GLV | Global Oil & Gas | 0.002 | -20% | 274,000 | $4,683,387 |
| TSC | Twenty Seven Co. Ltd | 0.002 | -20% | 12,146,667 | $13,304,070 |
| RAD | Radiopharm | 0.13 | -18% | 3,301,075 | $20,716,206 |
| BBX | BBX Minerals Ltd | 0.05 | -17% | 237,962 | $29,203,289 |
| MKL | Mighty Kingdom Ltd | 0.03 | -17% | 264,668 | $5,549,141 |
| W2V | Way2Vatltd | 0.025 | -17% | 67,495 | $5,335,326 |
| POD | Podium Minerals | 0.13 | -16% | 591,888 | $52,166,633 |
| TNG | TNG Limited | 0.075 | -16% | 6,137,018 | $123,569,222 |
| AJL | AJ Lucas Group | 0.082 | -15% | 7,623,702 | $133,445,774 |
| BGE | Bridgesaaslimited | 0.11 | -15% | 128,600 | $3,774,681 |
| TG1 | Techgen Metals Ltd | 0.11 | -15% | 101,892 | $7,117,364 |
| BFC | Beston Global Ltd | 0.039 | -15% | 5,857,914 | $39,940,938 |
