On Stockhead today, why the lithium crash could be a one-off, will China’s Covid shift actually light a fire under iron ore, and how to win on interest rates moves.

But first, the day ahead.

WHO’S LISTING?

Toubani Resources (ASX:TRE)

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.

 

Source Certain International (ASX:SC1)

IPO: $7m at $0.20

SC1 provides a scientific provenance verification service for agriculture, seafood, mining and resource sectors.

SC1 says scientific analysis of physical product samples allows clients to mitigate risk, validate digital data, protect their brand and support transparency within their supply chains.

The company’s origin verification solution is able to identify the mine, farm, fishery or plantation from which a product originated. 

 

TRADING HALTS

The following companies went into trading halts yesterday and are expected out in the next few days:

Caravel Minerals (ASX:CVV) – Capital raise

Element 25 (ASX:E25) – Capital raise

Bionomics (ASX:BNO) – BNO has an announcement on the way about the announcement outcome of its proposed US public offering of new American Depository Shares (ADSs), each representing 180 ordinary shares of Bionomics.

Global Oil & Gas (ASX:GLV) – Capital raise

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,778.56 (+0.40%)

Silver: $US21.55 (-1.89%)

Nickel (3mth): $US29,540/t (+2.43%)

Copper (3mth): $US8,385/t (+0.13%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 9): $US76,025/t (+1.7% weekly, +125.8% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 9): $US75,275/t (+1.9% weekly, +169.2% year-to-date)

Oil (WTI): $US86.72 (+1%)

Oil (Brent): $US93.89 (+0.80%)

Iron 62pc Fe: $US92.29 (+0.22%)

AUD/USD: 0.6760 (+0.1%)

Bitcoin: $US16,887 (+2.98%)

 

WHAT GOT YOU TALKING YESTERDAY?

VP Capital co-founder John So says EV demand will rocket over the next six months as China relaxes its hardline COVID-19 Zero Policy which has put cities under full or partial lockdowns.

 

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.

 

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
MSL MSL Solutions Ltd 0.2825 71% 12,702,263 $60,906,510
AO1 Assetowl Limited 0.0015 50% 900,611 $1,572,130
MGG Mogul Games Grp Ltd 0.0015 50% 9,215 $3,263,441
WSP Whispir Limited 0.665 34% 1,918,949 $58,480,031
LNU Linius Tech Limited 0.004 33% 11,105,544 $7,234,599
TD1 Tali Digital Limited 0.004 33% 25,000 $3,697,892
1VG Victory Goldfields 0.23 28% 15,424,410 $8,951,426
CBH Coolabah Metals Limi 0.125 25% 215,539 $3,370,000
GCR Golden Cross 0.01 25% 175,885 $8,778,049
ROO Roots Sustainable 0.0025 25% 334,832 $1,830,865
BBX BBX Minerals Ltd 0.094 24% 683,807 $36,990,832
IGN Ignite Ltd 0.075 23% 14,839 $5,464,513
RVS Revasum 0.135 23% 59,072 $11,650,832
HSC HSC Technology Group 0.011 22% 672,700 $20,057,754
TTI Traffic Technologies 0.017 21% 298,748 $10,110,383
SMX Security Matters 0.17 21% 80,002 $23,507,615
NWM Norwest Minerals 0.069 21% 5,381,093 $12,660,121
AUK Aumake Limited 0.006 20% 10,470,015 $3,857,235
DW8 DW8 Limited 0.003 20% 4,311,546 $7,378,807
LYN Lycaon resources 0.37 19% 1,301,270 $10,204,813
SHG Singular Health 0.155 19% 241,874 $8,487,579
BXN Bioxyne Ltd 0.025 19% 20,000 $13,968,053
SER Strategic Energy 0.019 19% 52,000 $4,555,899
NSX NSX Limited 0.046 18% 768,418 $14,072,404
BCT Bluechiip Limited 0.035 17% 1,153,133 $17,956,914
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Victory Goldfields (ASX:1VG) surged some 25% on news of rare earth assays results averaging 1014ppm TREO, as well as scandium – which exceeds global economic grades with the highest being 106ppm.

Whispir (ASX:WSP) flew after announcing an internal restructure, placing the company on track to be cash accretive from Q3 FY23.

And tech company Linius Technologies (ASX:LNU) had a good day, surging 33% on news that is entered into an agreement with Cricket Australia.

 

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
GO2 Go2 People 0.011 -21% 310,277 $5,692,936
ICN Icon Energy Limited 0.0095 -21% 2,346,767 $9,216,164
SIH Sihayo Gold Limited 0.002 -20% 2,136,142 $15,255,320
QUE Queste Communication 0.037 -20% 1,266,855 $1,245,327
NGY Nuenergy Gas Ltd 0.017 -19% 519,999 $31,100,065
TAS Tasman Resources Ltd 0.009 -18% 7,072,893 $7,382,678
ROG Red Sky Energy. 0.005 -17% 52,170,897 $31,813,363
CUF Cufe Ltd 0.016 -16% 870,783 $18,356,135
CCZ Castillo Copper Ltd 0.022 -15% 35,725,707 $33,787,139
CXO Core Lithium 1.585 -15% 85,128,404 $3,423,005,284
BMG BMG Resources Ltd 0.017 -15% 4,326,831 $7,719,833
TMB Tambourah Metals 0.17 -15% 1,227,469 $8,238,520
MAN Mandrake Res Ltd 0.04 -15% 5,376,084 $25,121,496
DCX Discovex Res Ltd 0.003 -14% 5,100,000 $11,558,988
MHC Manhattan Corp Ltd 0.006 -14% 1,414,036 $10,683,951
KWR Kingwest Resources 0.037 -14% 403,611 $12,114,253
MM1 Midas Minerals 0.155 -14% 392,362 $10,283,718
BCA Black Canyon Limited 0.22 -14% 50,152 $11,434,831
STN Saturn Metals 0.19 -14% 252,351 $28,577,819
JAY Jayride Group 0.16 -14% 27,000 $32,631,088
99L 99 Loyalty Ltd. 0.014 -13% 1,124,163 $18,554,924
TSK Task Group Holdings 0.28 -13% 74,537 $113,536,580
BUX Buxton Resources Ltd 0.11 -12% 174,444 $19,449,196
AKE Allkem Limited 14.32 -12% 10,585,929 $10,368,320,478
HXG Hexagon Energy 0.015 -12% 940,638 $8,719,570
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