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Rise and Shine: Everything you need to know before the market opens
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On Stockhead today, can Mighty Craft lead liquor stocks back into vogue, can you love an unloved stock, and four crypto airdrops to watch.
But first, the day ahead.
Who’s listing?
IPO: $32.5m at $0.20
This resources player is focused on developing a gold platform in West Africa.
The company is primarily focused on the development of the Kobada Gold Project in Southern Mali, which has a global resource base of over 2.3 Moz of gold and the potential to produce more than 100,000 ounces of gold per annum.
Nightingale Intelligent Systems (ASX:NGL)
Listing: 24 October
IPO: $6m at $0.22
The company develops Unmanned Aerial Vehicles (UAV) for commercial applications. The first application chosen by Nightingale is physical security.
NOW READ: Rare earths and manganese hit the bourse with O&G to follow this week
TRADING HALTS
The following companies are expected out of trading halts in the next few days:
Askari Metals (ASX:AS2) – Announcement pending about a material acquisition in the lithium sector.
Adveritas (ASX:AV1) – Waiting on news of an announcement regarding a placement. No rush… we’ll wait.
Emperor Energy (ASX:EMP) – Capital raising
Monger Gold (ASX:MMG) – Capital raising
Delorean Corporation (ASX:DEL) – Regarding a material transaction.
NT Minerals (ASX:NTM) – NTM has an announcement in relation to a potential legacy liability relating to the conclusion of mining activities conducted in New South Wales in 2005.
PolarX (ASX:PXX) – Capital raising
Ikwezi Mining (ASX:IKW) – Pending the release of an announcement concerning its application to be removed from the official list of ASX.
Galan Lithium (ASX:GLN) – Regarding a significant resource update.
Neurizer (ASX:NRZ) – Capital raising
Findi (ASX:FND) – Regarding assessment of the financial impact of an extension of a material agreement associated with the company’s expansion in India.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,657.18 (+1.81%)
Silver: $US19.39 (+3.91%)
Nickel (3mth): $US21,945/t (+0.32%)
Copper (3mth): $US7,683.50/t (-0.46%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, OCT 19): $US72,875/t (+111.6% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, OCT 19): $US71,900/t (+151.9% year-to-date)
Oil (WTI): $US85.10 (+0.71%)
Oil (Brent): $US93.50 (+1.22%)
Iron 62pc Fe: $US94.86 (+0.11%)
AUD/USD: 0.63770 (+1.66%)
Bitcoin: $US19,178 (-0.01%)
WHAT GOT YOU TALKING LAST WEEK?
There remains no substitute for the good old fashioned assay when it comes to making a discovery. Here’s why investors should be cautious when a company goes on an X(RF)-rated ride: https://t.co/vl6azDYz5P pic.twitter.com/VdMtfdzFKA
— Stockhead (@StockheadAU) October 20, 2022
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 pre-open 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 |
|---|---|---|---|---|---|
| AQX | Alice Queen Ltd | 0.003 | 50% | 170,000 | $4,400,500 |
| GLV | Global Oil & Gas | 0.003 | 50% | 1,362,651 | $3,746,709 |
| CAV | Carnavale Resources | 0.007 | 40% | 2,752,213 | $13,667,759 |
| LVE | Love Group Global | 0.1 | 39% | 778,202 | $2,918,460 |
| ARO | Astro Resources NL | 0.004 | 33% | 49,995,871 | $14,679,801 |
| AXI | Axiom Properties | 0.078 | 26% | 122,886 | $26,828,247 |
| S66 | Star Combo | 0.15 | 25% | 3,173 | $16,209,958 |
| A1G | African Gold Ltd. | 0.08 | 25% | 200,024 | $7,642,261 |
| HLX | Helix Resources | 0.006 | 20% | 6,015,366 | $11,615,729 |
| MRQ | Mrg Metals Limited | 0.006 | 20% | 180,788 | $8,735,293 |
| OIL | Optiscan Imaging | 0.125 | 19% | 462,334 | $65,058,588 |
| TG1 | Techgen Metals Ltd | 0.13 | 18% | 6,666 | $6,022,385 |
| GC1PA | Cpre 5.6% 9-30 6M Qt | 10 | 18% | 4,800 | $4,845,000 |
| TMK | TMK Energy Limited | 0.02 | 18% | 15,155,179 | $59,853,281 |
| CZR | CZR Resources Ltd | 0.014 | 17% | 678,177 | $41,835,879 |
| BBX | BBX Minerals Ltd | 0.058 | 16% | 33,689 | $24,336,074 |
| CCA | Change Financial Ltd | 0.06 | 15% | 637,466 | $26,694,792 |
| CRB | Carbine Resources | 0.015 | 15% | 359,600 | $4,098,582 |
| STK | Strickland Metals | 0.053 | 15% | 7,748,899 | $63,593,559 |
| Z2U | Zoom2Utechnologies | 0.115 | 15% | 50,000 | $13,153,668 |
| ZNO | Zoono Group Ltd | 0.155 | 15% | 18,815 | $22,534,905 |
| BTN | Butn Limited | 0.195 | 15% | 266,766 | $13,322,711 |
| ADY | Admiralty Resources. | 0.008 | 14% | 420,000 | $9,125,054 |
| AOA | Ausmon Resorces | 0.008 | 14% | 124,399 | $6,001,025 |
| CAD | Caeneus Minerals | 0.004 | 14% | 8,832,996 | $18,709,618 |
Shares in MRG Metals (ASX:MRQ) took flight last Friday after the company revealed it had submitted mining licence applications (MLAs) for its Corridor Central and Corridor South mineral sands projects in Mozambique, shifting focus from exploration to project development.
Interestingly, Rio Tinto (ASX:RIO) and Savannah Resources (AIM:SAV) are planning to develop the Chiubane deposit some 10km to the south of MRQ’s Corridor projects.
Meanwhile, TechGen Metals (ASX:TG1) closed 18pc higher after announcing new nickel-copper-PGE and gold targets at the Narryer Project in Western Australia.
ASX SMALL CAP LAGGARDS
Here are the least-best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort.
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| NES | Nelson Resources | 0.007 | -42% | 21,369,717 | $3,531,566 |
| TOY | Toys R Us | 0.044 | -29% | 12,028,868 | $53,435,393 |
| GTG | Genetic Technologies | 0.003 | -25% | 2,844,086 | $36,935,861 |
| MBK | Metal Bank Ltd | 0.003 | -25% | 300,000 | $10,460,991 |
| PRM | Prominence Energy | 0.0015 | -25% | 152,500 | $4,849,218 |
| MTB | Mount Burgess Mining | 0.004 | -20% | 68,000 | $4,295,856 |
| OLY | Olympio Metals Ltd | 0.145 | -19% | 191,777 | $6,852,874 |
| SIO | Simonds Grp Ltd | 0.155 | -18% | 4,517 | $27,974,511 |
| AJL | AJ Lucas Group | 0.067 | -18% | 13,223,715 | $112,809,830 |
| NCR | Nucoal Resources Ltd | 0.009 | -18% | 754 | $8,454,736 |
| PNR | Pantoro Limited | 0.14 | -18% | 7,762,894 | $267,964,518 |
| ADR | Adherium Ltd | 0.005 | -17% | 58,103 | $15,371,099 |
| BTE | Botalaenergyltd | 0.135 | -16% | 25,000 | $8,426,667 |
| RML | Resolution Minerals | 0.011 | -15% | 11,237,333 | $12,437,700 |
| TTI | Traffic Technologies | 0.017 | -15% | 17,345 | $14,443,404 |
| EBR | EBR Systems | 0.475 | -14% | 113,268 | $146,278,570 |
| AVW | Avira Resources Ltd | 0.003 | -14% | 2,200,000 | $7,468,265 |
| EMT | Emetals Limited | 0.012 | -14% | 3,904,735 | $11,900,000 |
| NZS | New Zealand Coastal | 0.003 | -14% | 153,075 | $3,944,518 |
| BCB | Bowen Coal Limited | 0.325 | -13% | 11,803,612 | $580,321,317 |
| DMM | Dmcmininglimited | 0.1 | -13% | 100,000 | $3,300,500 |
| ARV | Artemis Resources | 0.034 | -13% | 964,077 | $54,265,316 |
| CFO | Cfoam Limited | 0.0035 | -13% | 36,829 | $2,935,363 |
| ROO | Roots Sustainable | 0.0035 | -13% | 593,431 | $2,998,531 |
| PTG | Proptech Group | 0.25 | -12% | 19,001 | $38,199,728 |
