On Stockhead today, the ASX travel stocks set for Australia’s reopening, Morella’s Alex Cheeseman on Lithium V2.0, and James Whelan gets all Meta.
But first, the day ahead.
The Commonwealth Bank (CBA) will release its January report on Household Spending Intentions (HSI), NAB will announce its business survey for January, and Roy Morgan and ANZ are also set to issue their weekly reports on consumer sentiment.
The focus of these reports is to gauge the impact Omicron disruptions have had on the wider economy.
WHO’S LISTING?
The following companies are scheduled to list over the next week (but this is subject to change).
February 8, at 12pm AEDT.
WA1 will list with three WA exploration projects — the flagship ‘West Arunta’ plus ‘Madura’ (iron-oxide-copper-gold) and ‘Hidden Valley’ (nickel, copper, PGEs). The spinout of private project generator Tali Resources is raising between $4.5 and $6m at 20c per share.
Killi Resources (ASX:KLI)
February 10, at 12:30pm AEDT.
A gold and copper explorer with four major exploration projects in Western Australia and Queensland. It raised ~$6m at 20c per share.
My Rewards International (ASX:MRI)
February 11, at 12:30pm AEDT.
The loyalty rewards platform is a mature business that generates almost $30m of annual revenues. MRI has raised $5m from investors at 20c per share.
TRADING HALTS
The following companies are in trading halts and are expected out in the next few trading days:
Nimy Resources (ASX:NIM) — exploration update (Mons nickel project)
Rectifier Technologies – receipt of produce purchase order
WA Kaolin – capital raising
iCandy Interactive – major acquisition and new partnership with strategic institutions
Triangle Energy Global – capital raising
Calima Energy – capital raising
The GO2 People – material service contract
White Energy Company – legal proceedings
MARKETS (prices updated at 7.55am AEDT)
Gold: US$1821.84 ($2,558.40) (+0.78%)
Silver: US$23.02 (+2.39%)
Oil (WTI): US$91.37 (-1.01%)
Oil (Brent): US$92.72 (-0.59%)
Coal: US$236 (+3.96%)
Iron 62pc Fe: US$150.11 (+3.2%)
AUD/USD: 0.7121 (+0.69%)
Bitcoin: US$44,055 ($61,866) (+5.93%)
WHAT GOT YOU TALKING YESTERDAY?
The largest mining raising of the year so far got you talking.
And Lithium Energy got you looking after its Solaroz project in Argentina – with one of the hottest exploration zip codes in the world – received a key environmental approval, fast-tracking the start of exploration.
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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
YESTERDAY’S BIGGEST SMALL CAP WINNERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| MAY | Melbana Energy Ltd | 0.064 | 73.0% | 151,296,734 |
| WOO | Wooboard Tech Ltd | 0.0015 | 50.0% | 3,006,209 |
| MRQ | Mrg Metals Limited | 0.015 | 36.4% | 99,806,664 |
| CPM | Coopermetalslimited | 0.625 | 35.9% | 4,421,448 |
| CRM | Carbon Minerals Ltd | 0.415 | 33.9% | 24,331 |
| SHH | Shree Minerals Ltd | 0.024 | 33.3% | 66,692,843 |
| MRR | Minrex Resources Ltd | 0.086 | 32.3% | 51,026,775 |
| PLY | Playside Studios | 1.3 | 28.1% | 5,758,315 |
| CCE | Carnegie Cln Energy | 0.0025 | 25.0% | 1,830,367 |
| MLS | Metals Australia | 0.0025 | 25.0% | 3,398,417 |
| OEX | Oilex Ltd | 0.005 | 25.0% | 8,974,646 |
| PCL | Pancontinental Energ | 0.005 | 25.0% | 314,047,163 |
| YPB | YPB Group Ltd | 0.0025 | 25.0% | 1,472,966 |
| CTT | Cettire | 2.85 | 21.8% | 2,557,019 |
| NCL | Netccentric Ltd | 0.12 | 20.0% | 43,332 |
| ZMM | Zimi Ltd | 0.012 | 20.0% | 933,211 |
| QML | Qmines Limited | 0.29 | 18.4% | 84,532 |
| BLZ | Blaze Minerals Ltd | 0.052 | 18.2% | 11,641,344 |
| LNY | Laneway Res Ltd | 0.0065 | 18.2% | 13,014,644 |
| AKN | Auking Mining Ltd | 0.2 | 17.6% | 4,101,812 |
| BMR | Ballymore Resources | 0.2 | 17.6% | 28,156 |
| PVL | Powerhouse Ven Ltd | 0.11 | 17.0% | 534,189 |
| RHT | Resonance Health | 0.175 | 16.7% | 1,346,745 |
| CT1 | Constellation Tech | 0.007 | 16.7% | 213,568 |
| DDD | 3D Resources Limited | 0.0035 | 16.7% | 1,864,727 |
Cettire (ASX:CTT) is busting into China after revealing it’s in bed with e-commerce daddy JD.com. With the Middle Kingdom’s middle class driving demand for a spike in personal luxury goods the market is set to be worth some $150bn by 2025, and if my math serves me – that’s about 25% of the $600bn global pie. Cettire is up about 22%.
Among stocks with news, game development company PlaySide Studios (ASX:PLY) led the pack, following a market update on what the company called its first Web 3.0 project.
Through its Dumb Ways to Die gaming franchise (acquired in September last year), PLY announced the early results at its BEANS NFT launch last Friday, saying it had booked “$8.38m in net revenue after all third-party fees”.
PLY climbed 29% yesterday, but copped some bad news later in the day when its minting process “hit a snag”.
Leading the resources pack was market minnow Carbon Minerals (ASX:CRM), which operates a coal seam gas project in the Gunnedah Basin, NSW.
Shares in the ~$5m market cap company, which usually trades on low volumes, jumped by around 34% on no news.
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 |
|---|---|---|---|---|
| LBY | Laybuy Group Holding | 0.145 | -17.1% | 6,769,078 |
| SMX | Security Matters | 0.195 | -17.0% | 109,506 |
| PVS | Pivotal Systems | 0.535 | -14.2% | 146,820 |
| FFC | Farmaforce Ltd | 0.043 | -14.0% | 108,878 |
| TOU | Tlou Energy Ltd | 0.04 | -13.0% | 298,588 |
| AFW | Applyflow Limited | 0.0035 | -12.5% | 3,034,713 |
| NOR | Norwood Systems Ltd. | 0.014 | -12.5% | 307,070 |
| XST | Xstate Resources | 0.0035 | -12.5% | 1,104,410 |
| ASP | Aspermont Limited | 0.021 | -12.5% | 1,463,333 |
| HIQ | Hitiq Limited | 0.11 | -12.0% | 124,141 |
| TSL | Titanium Sands Ltd | 0.022 | -12.0% | 307,054 |
| MM1 | Midasmineralsltd | 0.15 | -11.8% | 7,291 |
| SPQ | Superior Resources | 0.0425 | -11.5% | 23,422,452 |
| GME | GME Resources Ltd | 0.062 | -11.4% | 166,487 |
| ASO | Aston Minerals Ltd | 0.16 | -11.1% | 15,686,850 |
| MCT | Metalicity Limited | 0.008 | -11.1% | 79,411 |
| TI1 | Tombador Iron | 0.041 | -10.9% | 791,217 |
| GIB | Gibb River Diamonds | 0.066 | -10.8% | 282,437 |
| MFG | Magellan Fin Grp Ltd | 16.51 | -10.8% | 5,638,551 |
| LAW | Lawfinance Ltd | 0.58 | -10.8% | 37,743 |
| HPC | Thehydration | 0.255 | -10.5% | 117,851 |
| AXI | Axiom Properties | 0.068 | -10.5% | 91,668 |
| AER | Aeeris Ltd | 0.135 | -10.0% | 35,000 |
| MOB | Mobilicom Ltd | 0.045 | -10.0% | 322,861 |