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Rise and Shine: Everything you need to know before the market opens
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On Stockhead today, Guy Le Page finds a likely uranium IPO, China shakes iron ore futures again, and Rick Rule on the Russian problem.
But first, the day ahead.
TRADING HALTS
The following companies are in trading halts and are expected out in the coming days:
Aruma Resources (ASX:AAJ) – ASX price query
MinRex Resources (ASX:MRR) – capital raising
Petratherm Ltd (ASX:PTR) – announcement regarding drilling results
Auroch Minerals (ASX:AOU) – proposed acquisition
Adveritas (ASX:AV1) – capital raising
Krakatoa Resources (ASX:KKA) – capital raising
SSH Group (ASX:SSH) – material acquisition
AuKing Mining (ASX:AKN) – capital raising
MARKETS (updated at 8am AEDT)
Gold: $US1,979.40(-0.35%)
Silver: $US26.09 (-0.56%)
Nickel (3mth): $US33,144/t (0.00%)
Copper (3mth): $US10,315/t (+0.16%)
Oil (WTI): $US107.80 (-0.38%)
Oil (Brent): $US112.91 (-0.22%)
Aust Coking Coal (steelmaking): $406.7/t (-9.6%)
Newcastle Coal (thermal): $264/t (+2.0%)
Iron 62pc Fe: $US150.50 (+0.00%)
AUD/USD: $US0.735 (-0.06%)
Bitcoin: $US40788 (+1.25%)
WHAT GOT YOU TALKING YESTERDAY?
Carrawine Resources’ latest hits at the Big Freeze prospect within its wider Topicana North Project got you talking.
For years gold explorers and miners have yearned for a genuine follow up to the Tropicana gold mine east of Kalgoorlie in WA, a multi-million ounce monster on the western edge of the Great Victoria Desert discovered in 2005.https://t.co/bbTItT1U4b #ad $CWX #ASX pic.twitter.com/De7NkQ8qpt
— Stockhead (@StockheadAU) April 19, 2022
And our daily Resources Top 5 column, featuring juicy details on the biggest small cap winners in early trade yesterday morn.
• @SurefireResNL highlights vanadium focus
• @Lefroyex hits impressive copper-gold at ‘Burns’ discovery
• @ArumaResources, @LarvottoR and @arkmineslimited (nickel, cobalt) up on no news#ASX $SRN $LEX $AAJ $LRV $AHK #ASX
https://t.co/2UzrA6KZkg— Stockhead (@StockheadAU) April 19, 2022
YESTERDAY’S BIGGEST SMALL CAP WINNERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Description | Price | % | Volume |
|---|---|---|---|---|
| RAB | Adrabbit Limited | 0.027 | 107.7% | 8,347,217 |
| NC1 | Nico Resources | 1.66 | 38.9% | 2,235,690 |
| ALY | Alchemy Resource Ltd | 0.024 | 33.3% | 18,190,196 |
| AAJ | Aruma Resources Ltd | 0.185 | 32.1% | 5,442,511 |
| XAM | Xanadu Mines Ltd | 0.038 | 31.0% | 48,485,553 |
| LRV | Larvottoresources | 0.35 | 29.6% | 4,212,967 |
| PG1 | Pearl Global Ltd | 0.022 | 29.4% | 4,975,614 |
| ESS | Essential Metals Ltd | 0.705 | 28.2% | 13,852,577 |
| DCG | Decmil Group Limited | 0.13 | 23.8% | 1,295,827 |
| VR8 | Vanadium Resources | 0.13 | 23.8% | 11,491,060 |
| XTE | Xtek Limited | 0.37 | 23.3% | 1,863,398 |
| GED | Golden Deeps | 0.022 | 22.2% | 68,441,588 |
| HAW | Hawthorn Resources | 0.155 | 19.2% | 2,008,526 |
| GRV | Greenvale Mining Ltd | 0.25 | 19.0% | 549,102 |
| 8IH | 8I Holdings Ltd | 0.13 | 18.2% | 8,000 |
| INP | Incentiapay Ltd | 0.02 | 17.6% | 204,985 |
| AZL | Arizona Lithium Ltd | 0.2 | 17.6% | 39,570,065 |
| SRN | Surefire Rescs NL | 0.0235 | 17.5% | 101,904,547 |
| AHQ | Allegiance Coal Ltd | 0.64 | 17.4% | 1,919,878 |
| ADO | Anteotech Ltd | 0.135 | 17.4% | 11,782,980 |
| AQS | Aquis Ent Ltd | 0.17 | 17.2% | 13,701 |
| CHL | Camplifyholdings | 2.82 | 17.0% | 99,119 |
| NGY | Nuenergy Gas Ltd | 0.028 | 16.7% | 35,192 |
| CZR | CZR Resources Ltd | 0.0185 | 15.6% | 78,502,311 |
| CSE | Copper Strike Ltd | 0.15 | 15.4% | 753,104 |
In small caps, there was a large percentage move in AdRabbit (ASX:RAB), the B2B tech company previously known as AppsVillage.
The company raised $5m at 20c for its IPO in 2019, but the stock closed before Easter at 1.3c.
Among companies with news, NiCo Resources (ASX:NC1) was a big mover in afternoon trade.
At yesterday’s close above $1.60, NC1 is closing in on 10x gains since it raised $12m in January at 30c.
Elsewhere among small cap winners, Aruma Resources (ASX:AAJ) continued its strong year, ripping higher before going into a trading halt pending its response to an ASX price query.
AAJ has found strong momentum since a gold strike at its Salmon Gums project in WA, and the stock has more than doubled so far in 2022.
YESTERDAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| KLR | Kaili Resources Ltd | 0.016 | -30.4% | 150,000 |
| YPB | YPB Group Ltd | 0.0015 | -25.0% | 701,088 |
| IVT | Inventis Limited | 0.09 | -25.0% | 10,650 |
| NZK | NZK Salmon Ltd | 0.5 | -23.1% | 350,159 |
| LDR | Lode Resources | 0.2 | -20.0% | 729,921 |
| ESH | Esports Mogul Ltd | 0.004 | -20.0% | 2,761,501 |
| CVN | Carnarvon Energy Ltd | 0.27 | -19.4% | 42,131,542 |
| BC8 | Black Cat Syndicate | 0.56 | -17.6% | 2,639,403 |
| MGT | Magnetite Mines | 0.034 | -17.1% | 78,445,644 |
| POL | Polymetals Resources | 0.1 | -16.7% | 100,000 |
| ROO | Roots Sustainable | 0.005 | -16.7% | 9,290,756 |
| VPR | Volt Power Group | 0.0025 | -16.7% | 4,216,666 |
| HPR | High Peak Royalties | 0.055 | -15.4% | 22,743 |
| DLT | Delta Drone Intl Ltd | 0.018 | -14.3% | 162,588 |
| AO1 | Assetowl Limited | 0.003 | -14.3% | 137,848 |
| DDD | 3D Resources Limited | 0.003 | -14.3% | 230,208 |
| DMM | Dmcmininglimited | 0.155 | -13.9% | 20,177 |
| GGX | Gas2Grid Limited | 0.0035 | -12.5% | 4,296 |
| SKS | SKS Tech Group Ltd | 0.185 | -11.9% | 60,057 |
| TMZ | Thomson Res Ltd | 0.045 | -11.8% | 4,268,479 |
| ARO | Astro Resources NL | 0.004 | -11.1% | 9,524,220 |
| BRX | Belararoxlimited | 0.925 | -11.1% | 202,778 |
| AGR | Aguia Res Ltd | 0.058 | -10.8% | 338,640 |
| DTR | Dateline Resources | 0.125 | -10.7% | 423,474 |
| CVV | Caravel Minerals Ltd | 0.305 | -10.3% | 50,000 |
