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Rise and Shine: Everything you need to know before the ASX opens Monday
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On Stockhead today, Welcome back. It’s Monday June 19th, 2023. Personally, that comes as a bit of a shock.
Today we’ve the skinny on stocks that have snapped up prime hunting ground in WA’s new critical minerals region, why T. Rowe Price is okay with lithium, and all the exciting things happening this week in… data.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Friday and are expected out in the coming days:
Classic Minerals (ASX:CLZ) – Pending a resource upgrade Kat Gap announcement
Golden Mile Resources (ASX:G88) – Capital raise
Latin Resources Limited (ASX:LRS) – Pending announcement on its JORC mineral resources upgrade
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1957.15 (+0.75%)
Silver: $US23.87 (-0.2%)
Nickel (3mth): $US24,025/t (+2.02%)
Copper (3mth): $US9002.50/t (+0.27%)
Oil (WTI): $US70.66 (+3.5%)
Oil (Brent): $US75.53 (+3.2%)
Iron 62pc Fe: $US114.50/t (+0.44%)
AUD/USD: 0.6887 (+1.36%)
Bitcoin: $US25,380 (-1.53%)
WHAT GOT YOU TALKING?
Blackrock and BTC.
Chain Reactions: A BlackRock ETF ‘would be the best thing’ for Bitcoin, reckons Mr Novogratz. Righto, but has it “baaaaatooooommm-ed out”?
Stockhead article > https://t.co/3iNecclAmE#BlackRock #ETF $BLK #BLK #BTC $BTC #crypto pic.twitter.com/2JvHueiCQ7
— Stockhead (@StockheadAU) June 16, 2023
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.
FRIDAY’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 | % Today | Volume | Market Cap |
|---|---|---|---|---|---|
| XTC | Xantippe Res Ltd | 0.0035 | 75% | 21,829,475 | $22,960,199 |
| NGX | NGX | 0.28 | 40% | 430,304 | $18,122,368 |
| ADS | Adslot Ltd | 0.004 | 33% | 901,250 | $6,613,045 |
| ARV | Artemis Resources | 0.016 | 33% | 18,870,571 | $18,839,020 |
| AXP | AXP Energy Ltd | 0.002 | 33% | 2,729,619 | $8,737,021 |
| MTL | Mantle Minerals Ltd | 0.002 | 33% | 2,500,376 | $9,221,169 |
| GRE | Greentech Metals | 0.435 | 32% | 10,118,307 | $13,830,164 |
| AUE | Aurum Resources | 0.155 | 29% | 20,684 | $3,000,000 |
| AHN | Athena Resources | 0.009 | 29% | 67,374,040 | $7,493,273 |
| PVS | Pivotal Systems | 0.009 | 29% | 587,655 | $3,742,331 |
| XAM | Xanadu Mines Ltd | 0.076 | 27% | 14,590,073 | $98,269,451 |
| JRV | Jervois Global Ltd | 0.091 | 26% | 85,944,123 | $149,747,045 |
| LGM | Legacy Minerals | 0.15 | 25% | 56,734 | $6,459,296 |
| AHC | Austco Healthcare | 0.175 | 25% | 1,819,373 | $40,710,623 |
| OSX | Osteopore Limited | 0.13 | 24% | 188,257 | $15,143,993 |
| IMR | Imricor Medical Systems | 0.37 | 23% | 317,872 | $45,562,714 |
| NRX | Noronex Limited | 0.022 | 22% | 186,000 | $4,543,947 |
| LML | Lincoln Minerals | 0.017 | 21% | 3,024,190 | $8,049,772 |
| FFF | Forbidden Foods | 0.018 | 20% | 348,165 | $2,200,958 |
| AZS | Azure Minerals | 1.23 | 19% | 11,317,360 | $401,943,154 |
| PEC | Perpetual Res Ltd | 0.013 | 18% | 362,772 | $6,000,324 |
| DCL | Domacom Limited | 0.033 | 18% | 64,332 | $12,194,050 |
| COB | Cobalt Blue Ltd | 0.265 | 18% | 1,244,317 | $83,262,944 |
| AM7 | Arcadia Minerals | 0.14 | 17% | 51,705 | $5,603,747 |
The highlight victory of late last week undoubtedly goes to – NGX (ASX:NGX), which is up 40% after listing on the ASX on Friday.
NGX is the Sovereign Metals’ (ASX:SVM) spin-out of its Malawi graphite assets, which SVM said would enable it to focus on its Kasiya rutile project – “the largest natural rutile deposit in the world”.
Under the spinoff deal, SVM shareholders were entitled to one NGX share for every 11 shares they hold, with the IPO allowing them to participate in purchasing one new NGX share for each NGX share held.
Upon listing, NGX holders take full ownership of the advanced Malingunde project, which already boasts a measured, indicated and inferred resource of 65Mt at 7.2% total graphitic carbon for 4.68Mt of contained graphite, more than half of that in the higher measured and indicated categories.
FRIDAY’S ASX SMALL CAP LOSERS
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 |
|---|---|---|---|---|---|
| TIG | Tigers Realm Coal | 0.005 | -29% | 18,750,507 | $91,466,917 |
| AJQ | Armour Energy Ltd | 0.003 | -25% | 17,276 | $19,685,368 |
| FAU | First Au Ltd | 0.003 | -25% | 1,768,405 | $5,807,973 |
| VPR | Volt Power Group | 0.0015 | -25% | 1,165,499 | $21,432,416 |
| C29 | C29Metals | 0.105 | -22% | 611,508 | $5,584,533 |
| RR1 | Reach Resources Ltd | 0.012 | -20% | 54,493,143 | $41,325,760 |
| GGX | Gas2Grid Limited | 0.002 | -20% | 6,460,881 | $10,192,755 |
| LSR | Lodestar Minerals | 0.004 | -20% | 1,589,900 | $9,216,987 |
| NUH | Nuheara Limited | 0.165 | -18% | 251,964 | $39,413,977 |
| AD1 | AD1 Holdings Limited | 0.005 | -17% | 513,565 | $4,935,414 |
| CAV | Carnavale Resources | 0.0025 | -17% | 1,207,077 | $8,200,655 |
| MXC | Mgc Pharmaceuticals | 0.005 | -17% | 3,089,233 | $20,098,158 |
| OAU | Ora Gold Limited | 0.0025 | -17% | 1,110,269 | $11,810,775 |
| PUA | Peak Minerals Ltd | 0.0025 | -17% | 3,100,000 | $3,124,130 |
| SRJ | SRJ Technologies | 0.11 | -15% | 360,915 | $12,391,087 |
| YOJ | Yojee Limited | 0.017 | -15% | 1,206,879 | $22,669,248 |
| AMD | Arrow Minerals | 0.003 | -14% | 5,704,155 | $10,583,178 |
| CHK | Cohiba Min Ltd | 0.003 | -14% | 10,000 | $7,396,355 |
| OAR | OAR Resources Ltd | 0.003 | -14% | 1,100,001 | $8,998,633 |
| RGS | Regeneus Ltd | 0.006 | -14% | 548,890 | $2,145,058 |
| WFL | Wellfully Limited | 0.006 | -14% | 360,836 | $3,450,609 |
| MRC | Mineral Commodities | 0.051 | -14% | 69,668 | $40,795,901 |
| 1MC | Morella Corporation | 0.007 | -13% | 8,087,757 | $48,788,644 |
| GMN | Gold Mountain Ltd | 0.0035 | -13% | 4,538,653 | $7,879,730 |
| LNU | Linius Tech Limited | 0.0035 | -13% | 4,847,412 | $14,356,099 |
