On Stockhead today, copper stocks primed for China’s return from Covid exile, Telstra the inflation beater, and is 150pc boomer Invictus just getting started?
But first, the day ahead.
TRADING HALTS
The following companies went into trading halts yesterday and are expected out in the next few days:
Resolute Mining (ASX:RSG) – Capital raise
Riversgold (ASX:RGL) – Capital raise
Dundas Minerals (ASX:DUN) – Capital raise
SECOS Group (ASX:SES) – expansion into a large Australian retailer.
Avenira (ASX:AEV) – clarification around an earlier release
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,707.87 (+0.05%)
Silver: $US21.088 (0.36%)
Nickel (3mth): $US24,012/t (+2.64%)
Copper (3mth): $US8,104.5/t (-0.14%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 2): $US75,125/t (+2.7% weekly, +122% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 2): $US74,575/t (+2.4% weekly, +164.2% year-to-date)
Oil (WTI): $US84.93 (-1.63%)
Oil (Brent): $US92.12 (-0.63%)
Iron 62pc Fe: $US91.50 (+0.55%)
AUD/USD: 0.6398 (-0.48%)
Bitcoin: $US16,273.00 (+3.67%)
WHAT GOT YOU TALKING YESTERDAY?
We can always hope.
And the FTX fallout continues.
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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 |
|---|---|---|---|---|---|
| IVZ | Invictus Energy Ltd | 0.28 | 167% | 95,106,498 | $92,016,513 |
| OD6 | Od6Metalsltd | 0.415 | 80% | 16,275,769 | $11,348,314 |
| ORG | Origin Energy | 7.83 | 35% | 46,152,948 | $10,009,163,969 |
| VPR | Volt Power Group | 0.002 | 33% | 7,220,501 | $14,016,800 |
| SHO | Sportshero Ltd | 0.024 | 33% | 4,386,404 | $10,256,299 |
| AEV | Avenira Limited | 0.025 | 32% | 37,933,370 | $23,351,315 |
| MXO | Motio Ltd | 0.036 | 29% | 111,009 | $7,212,860 |
| CPT | Cipherpoint Limited | 0.005 | 25% | 20,535,403 | $3,316,653 |
| MOB | Mobilicom Ltd | 0.01 | 25% | 833,610 | $10,650,237 |
| BVR | Bellavistaresources | 0.27 | 23% | 197,624 | $8,029,452 |
| IMI | Infinitymining | 0.3 | 22% | 754,959 | $15,464,094 |
| PHL | Propell Holdings Ltd | 0.039 | 22% | 167,669 | $3,396,263 |
| CCZ | Castillo Copper Ltd | 0.028 | 22% | 19,585,747 | $29,888,623 |
| JCS | Jcurve Solutions | 0.058 | 21% | 366,469 | $15,760,485 |
| JXT | Jaxstaltd | 0.036 | 20% | 7,275 | $10,277,346 |
| DW8 | DW8 Limited | 0.003 | 20% | 3,345,833 | $7,378,807 |
| PIL | Peppermint Inv Ltd | 0.012 | 20% | 12,946,453 | $20,378,568 |
| TD1 | Tali Digital Limited | 0.003 | 20% | 3,006,040 | $3,081,576 |
| MRI | Myrewardsinternation | 0.058 | 18% | 1,954,762 | $8,583,588 |
| FML | Focus Minerals Ltd | 0.23 | 18% | 229,634 | $55,878,936 |
| POD | Podium Minerals | 0.135 | 17% | 151,251 | $38,704,276 |
| CTQ | Careteq Limited | 0.077 | 17% | 34,116 | $7,889,890 |
| AUH | Austchina Holdings | 0.007 | 17% | 1,000,000 | $12,220,996 |
| SKF | Skyfii Ltd | 0.07 | 15% | 866,239 | $25,252,702 |
| ADY | Admiralty Resources. | 0.008 | 14% | 333,117 | $9,125,054 |
The biggest winner was Invictus Energy (ASX:IVZ) which revealed that drilling at the Mukuyu-1 well in Zimbabwe has been successful, with “elevated mud gas peaks (up to 65 times above background gas baseline observed while drilling through a depth of 3,070 mMD with marked increases from C1 to C5 compounds (methane, ethane, propane, butanes and pentanes)”.
Managing director Scott Macmillan says the early results are “an exciting development validating our subsurface model.”
“We still have several hundred metres of drilling through our primary targets with additional potential, which will be followed by a comprehensive wireline logging programme to evaluate results, with the aim of confirming the presence of moveable hydrocarbons in multiple zones,” he added.
Next off the mark was OD6 Metals (ASX:OD6) which says initial assay results from drilling at Splinter Rock in WA “represent some of the highest grades and thickest clay-hosted rare earth intersections seen in Australia.”
The assays contain large proportions of magnet rare earths, high value NdPr and heavy REEs, with four significant prospects being identified that are between four and seven kilometres in width and open in length.
“The scale of these clays is hard to comprehend when you start talking multiple kilometres in one direction at a thickness of between 10 to 30m,” MD Brett Hazelden said.
“The potential is massive.”
YESTERDAY’S ASX SMALL CAP LAGGARDS
Here are the least performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.001 | -33% | 3,100,000 | $35,540,162 |
| ICN | Icon Energy Limited | 0.008 | -27% | 5,723,576 | $8,448,150 |
| KEY | KEY Petroleum | 0.0015 | -25% | 2,437,495 | $3,935,856 |
| CML | Chase Mining Limited | 0.012 | -20% | 6,764,120 | $7,932,365 |
| BXN | Bioxyne Ltd | 0.02 | -20% | 159,969 | $16,628,635 |
| SLB | Stelarmetalslimited | 0.14 | -20% | 411,954 | $6,562,500 |
| AD1 | AD1 Holdings Limited | 0.016 | -20% | 600,000 | $14,014,626 |
| AQX | Alice Queen Ltd | 0.002 | -20% | 4,167,944 | $5,500,625 |
| GNM | Great Northern | 0.004 | -20% | 400,000 | $8,545,255 |
| AQI | Alicanto Min Ltd | 0.053 | -18% | 1,826,373 | $26,819,885 |
| DMM | Dmcmininglimited | 0.12 | -17% | 349,184 | $4,161,500 |
| GLV | Global Oil & Gas | 0.0025 | -17% | 569,092 | $5,620,064 |
| ROG | Red Sky Energy. | 0.005 | -17% | 6,000,000 | $31,813,363 |
| C6C | Copper Mountain | 1.745 | -17% | 198,079 | $35,042,290 |
| KGL | KGL Resources Ltd | 0.28 | -15% | 724,489 | $150,014,361 |
| SMN | Structural Monitor. | 0.46 | -15% | 527,227 | $72,456,998 |
| EME | Energy Metals Ltd | 0.145 | -15% | 939 | $35,646,163 |
| CHK | Cohiba Min Ltd | 0.006 | -14% | 533,333 | $11,393,626 |
| HLX | Helix Resources | 0.006 | -14% | 8,150,675 | $16,262,021 |
| RAN | Range International | 0.006 | -14% | 262,003 | $6,575,032 |
| RNX | Renegade Exploration | 0.006 | -14% | 64,215 | $6,241,786 |
| BTR | Brightstar Resources | 0.019 | -14% | 1,528,781 | $15,850,947 |
| JAL | Jameson Resources | 0.095 | -14% | 423,664 | $43,066,221 |
| BSA | BSA Limited | 0.043 | -12% | 99,319 | $28,031,272 |