On Stockhead today, the Niobium Rush is on and this time it’s real, why oil prices might be staying up this time, and how to buy $100 reds for less than $35 ikr.

But first, to the day ahead.

TRADING HALTS

Cirrus Networks (ASX:CNW) – pending clarification on yesterday’s announcement titled ‘Cirrus NVIDIA Collaboration’.

Southern Hemisphere Mining (ASX:SUH) – capital raising.

Altech Batteries (ASX:ATC) – capital raising.

Magnis Energy Technologies (ASX:MNS) – to finalise documentation and the disclosure in relation to a proposed material fund raising.

Toys ‘R’ US (ASX:TOY) – entitlement offer.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1960.09 (+0.15%)

Silver: $US24.86 (+2.99%)

Nickel (3mth): $US21,230/t (-2.10%)

Copper (3mth): $US8,707/t (+2.44%)

Oil (WTI): $US77.39 (+2.17%)

Oil (Brent): $US81.60 (+1.84%)

Iron 62pc Fe: $US110.61/t (+1.16%)

AUD/USD: 0.69  (+1.5%)

Bitcoin: $US31,282 (+3.00%)

 

WHAT GOT YOU TALKING?

It’s a tough market but that doesn’t mean there aren’t any easy answers…

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:

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

Code Company Price % Volume Market Cap
ME1 Melodiol Glb Health 0.01 54% 121,072,620 $17,475,599
RBR RBR Group Ltd 0.003 50% 2,560,995 $3,236,809
AAP Australian Agri Ltd 0.017 42% 340,239 $3,661,194
AMD Arrow Minerals 0.004 33% 19,645,801 $9,071,295
CLE Cyclone Metals 0.002 33% 499,999 $15,396,757
BEZ Besragoldinc 0.285 30% 5,540,072 $77,849,615
AOA Ausmon Resorces 0.0045 29% 6,534,481 $3,392,513
TSN The Sust Nutri Grp 0.009 29% 4,200 $985,340
MHK Metalhawk. 0.14 27% 410,378 $7,487,681
CCZ Castillo Copper Ltd 0.01 25% 3,139,394 $10,396,043
CZN Corazon Ltd 0.02 25% 16,615,559 $9,765,289
ERL Empire Resources 0.005 25% 155,474 $4,451,740
LSR Lodestar Minerals 0.005 25% 3,976,009 $7,373,589
MRQ Mrg Metals Limited 0.0025 25% 743,333 $3,971,837
KIN KIN Min NL 0.04 21% 626,579 $38,878,968
SUH Southern Hem Min 0.023 21% 613,166 $8,975,696
1ST 1St Group Ltd 0.006 20% 42,237 $7,084,956
PNX PNX Metals Limited 0.003 20% 1,271,011 $13,451,562
OZM Ozaurum Resources 0.05 19% 100,000 $5,334,000
PPG Pro-Pac Packaging 0.255 19% 15,633 $39,062,858
ACB A-Cap Energy Ltd 0.051 19% 4,085,804 $52,994,709
ARD Argent Minerals 0.014 17% 845,129 $14,147,775
CAV Carnavale Resources 0.007 17% 78,128,833 $16,401,310
EDE Eden Inv Ltd 0.0035 17% 1,158,659 $8,990,833
LNU Linius Tech Limited 0.0035 17% 270,000 $11,366,372
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The small cap leader yesterday was Melodiol Global Health (ASX:ME1) which reported preliminary net sales of $4.74 million for the June quarter, up 105% from the previous quarter and 202% higher than the prior year comparative period, across its two subsidiaries.

The increase in net sales takes unaudited sales for the first half of CY23 to $7.05 million, which marks a 64% uplift on H1 CY22.

Arrow Minerals (ASX:AMD)  uncovered two high grade (+58% fe) iron ore targets from rock chip sampling at Kalako, part of the flagship Simandou North project in Guinea.

Scout drilling is continuing, with five holes completed at the Dalabatini target zone and 8 holes completed at the Kowouleni target zone to date.

And Castillo Copper (ASX:CCZ) says the preliminary pit optimisation study for the Big One Deposit, part of the NWQ Copper Project, delivered a $28m Net Present Value (NPV). 

Key findings indicate an initially optimised pit shell could potentially deliver up to 6,266t copper (head grade: 1.42% Cu), 4,362oz silver (head grade: 0.31 g/t Ag) and 1,469t cobalt (head grade: 0.33% Co). 

The company says the study provides “significant confidence a standalone mining operation can potentially be developed.” 

 

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
EMC Everest Metals Corp 0.235 -31% 6,359,435 $44,007,257
TIG Tigers Realm Coal 0.005 -29% 439,161 $91,466,917
KEY KEY Petroleum 0.0015 -25% 1,350,001 $3,935,856
OAR OAR Resources Ltd 0.003 -25% 100,000 $10,284,152
AT1 Atomo Diagnostics 0.039 -25% 5,279,075 $29,686,332
MOB Mobilicom Ltd 0.0125 -22% 23,870,399 $21,226,827
NIS Nickelsearch 0.063 -21% 5,449,458 $7,620,829
IAM Income Asset 0.1 -20% 211,911 $35,002,603
CCO The Calmer Co Int 0.002 -20% 1,501,768 $1,410,194
RGS Regeneus Ltd 0.009 -18% 1,551,054 $3,370,806
IBX Imagion Biosys Ltd 0.024 -17% 12,699,736 $33,862,308
IRX Inhalerx Limited 0.035 -17% 74,723 $7,970,212
AJX Alexium Int Group 0.015 -17% 214,567 $11,725,016
PIM Pinnacleminerals 0.1 -17% 864,771 $3,069,000
MXC Mgc Pharmaceuticals 0.005 -17% 1,322,355 $20,104,158
CHW Chilwaminerals 0.165 -15% 50,000 $8,945,625
NUH Nuheara Limited 0.165 -15% 551,163 $38,428,627
OPN Oppenneg 0.006 -14% 785,937 $1,697,710
ATV Activeportgroupltd 0.1 -13% 99,999 $20,304,104
BKG Booktopia Group 0.135 -13% 9,386 $23,419,760
CUF Cufe Ltd 0.014 -13% 1,092,423 $15,457,798
IVX Invion Ltd 0.007 -13% 20,000 $51,373,058
KNM Kneomedia Limited 0.0035 -13% 4,578,725 $6,019,141
MTB Mount Burgess Mining 0.0035 -13% 9,591,470 $3,532,684
ADD Adavale Resource Ltd 0.021 -13% 2,464,601 $12,558,254
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At Stockhead we tell it like it is. While Melodiol Global Health is a Stockhead advertiser, it did not sponsor this article.

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