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Rise and Shine: Everything you need to know before the market opens
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On Stockhead today…
Saving the world or making a dollar? Jessica Cummins asks 10 ASX hydrogen companies – what is your number one goal for 2023?
And some more big billionaire trouble overnight as Gautum Adani’s conglomerate canned it’s own multi-billion equity offer, the Big G himself hit YouTube to say/show how cool and relaxed everything still is and the group of businesses took losses to over $150 bn.
The Bank of England has hiked. Meta’s done rather well. Jessica Amir from Saxo thinks Big Tech could lead a risk rally, as our own tech sector gained near 3% on Thursday.
Lot’s to poke through. But first, the day ahead…
TRADING HALTS
The following companies went into a trading halt on Thursday, February 2.
DroneShield (ASX:DRO) – Capital raising.
C29 Metals (ASX:C29) – Halt requested pending the release of an announcement relating to drilling results at Pocitos 7.
WA1 Resources (ASX:WA1) – Halt requested pending the release of an announcement to the market in relation to material exploration results.
Manhattan Corp (ASX:MHC) – Halt requested pending an announcement in relation to a material transaction and associated capital raising.
Jameson Resources (ASX:JAL) – Halt requested ahead of an announcement in relation to the Tranche 2 Placement announced in Nov 2022.
88 Energy (ASX:88E) – Capital raising.
Lode Resources (ASX:LDR) – Capital raising.
Anteris Technologies (ASX:AVR) – Capital raising.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1928.30 (-0.90%)
Silver: $US23.91 (+0.02%)
Nickel (3mth): $US27,651/t (+4.40%)
Copper (3mth): $US9.342/t (+0.25%)
Oil (WTI): $US81.46 (+1.6%)
Oil (Brent): $US87.33 (+1.42%)
Iron 62pc Fe: $US124.50 (+0.00%)
AUD/USD: 0.7093 (-0.12%)
Bitcoin: $US23,005 (-2.53%)
WHAT GOT YOU TALKING?
Billionaire mining entrepreneur Robert Friedland reckons the DRC is the best place in the world to mine copper. And he wants every analyst to know it.https://t.co/mt7CeWhC4T
— Stockhead (@StockheadAU) February 2, 2023
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 |
|---|---|---|---|---|---|
| SPA | Spacetalk Ltd | 0.051 | 89% | 20,395,130 | $6,917,382 |
| DTR | Dateline Resources | 0.034 | 48% | 1,787,130 | $12,999,244 |
| GLV | Global Oil & Gas | 0.002 | 33% | 1,000,992 | $5,143,196 |
| ROO | Roots Sustainable | 0.002 | 33% | 696,180 | $1,558,829 |
| YPB | YPB Group Ltd | 0.004 | 33% | 1,953,196 | $1,219,638 |
| PET | Phoslock Env Tec Ltd | 0.057 | 33% | 3,759,461 | $26,848,792 |
| ZMM | Zimi Ltd | 0.06 | 30% | 233,179 | $4,097,796 |
| SMX | Security Matters | 0.19 | 27% | 1,176,513 | $25,178,187 |
| LML | Lincoln Minerals | 0.051 | 21% | 13,623,694 | $24,149,315 |
| CHK | Cohiba Min Ltd | 0.006 | 20% | 3,300,197 | $8,866,221 |
| CPM | Cooper Metals | 0.275 | 20% | 501,725 | $9,434,600 |
| ALY | Alchemy Resource Ltd | 0.019 | 19% | 10,583,677 | $18,849,220 |
| GCX | GCX Metals Limited | 0.046 | 18% | 51,972 | $7,245,369 |
| MPR | Mpower Group Limited | 0.02 | 18% | 921,701 | $4,992,956 |
| ATU | Atrum Coal Ltd | 0.007 | 17% | 1,419,985 | $8,350,195 |
| AYT | Austin Metals Ltd | 0.007 | 17% | 366,427 | $6,095,248 |
| CPT | Cipherpoint Limited | 0.007 | 17% | 8,353,792 | $5,631,083 |
| DCX | Discovex Res Ltd | 0.0035 | 17% | 8,508,034 | $9,907,704 |
| VKA | Viking Mines Ltd | 0.014 | 17% | 9,903,730 | $12,303,101 |
| WEL | Winchester Energy | 0.007 | 17% | 279,870 | $6,061,319 |
| MRZ | Mont Royal Resources | 0.22 | 16% | 459,525 | $13,011,707 |
| ALA | Arovella Therapeutic | 0.03 | 15% | 9,101,691 | $19,604,902 |
| IS3 | I Synergy Group Ltd | 0.023 | 15% | 106,886 | $5,781,607 |
| TYX | Tyranna Res Ltd | 0.023 | 15% | 4,731,841 | $48,108,507 |
| CXU | Cauldron Energy Ltd | 0.008 | 14% | 2,070,153 | $6,520,976 |
Spacetalk (ASX:SPA), which does tend to launch every now and again has hit the upper atmosphere, up 98.89% – so we can call it 100% on news Simon Crowther to the role of CEO and managing director, as interim boss Saurabh Jain, moves onto the board.
SAP says Crowther’s track record at Nearmap (ASX:NMP) sealed the deal.
Lincoln Minerals (ASX:LML), is rising again after the board wrote to shareholders with an update on Quantum Graphite’s (ASX:QGL) all-scrip takeover bid.
“The Offer Price under QGL’s takeover bid remains unchanged, being 40 QGL shares for every 1 LML share,” LML said.
“As at close of trading on 30 January, the implied value of LML shares under the Offer was $0.013 per share which remains well below LML’s closing price of $0.06 per share (based on the closing prices of Lincoln and QGL shares on ASX as at 30 January 2023).”
That 30 January $0.06 per share is an impressive 750% increase since Lincoln’s reinstatement onto the ASX ten days earlier.
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 |
|---|---|---|---|---|---|
| SRJ | SRJ Technologies | 0.12 | -20% | 40,821 | $13,376,288 |
| CLE | Cyclone Metals | 0.002 | -20% | 57,500,000 | $15,441,842 |
| WFL | Wellfully Limited | 0.015 | -17% | 1,331,962 | $7,040,668 |
| ADY | Admiralty Resources. | 0.01 | -17% | 2,564,975 | $15,642,950 |
| ARE | Argonaut Resources | 0.0025 | -17% | 7,731,572 | $19,085,614 |
| BLZ | Blaze Minerals Ltd | 0.01 | -17% | 240,909 | $4,410,099 |
| LNU | Linius Tech Limited | 0.0025 | -17% | 764,584 | $8,938,239 |
| SGC | Sacgasco Ltd | 0.011 | -15% | 1,655,863 | $7,974,881 |
| MYE | Metarock Group Ltd | 0.145 | -15% | 1,280,424 | $22,268,733 |
| GCR | Golden Cross | 0.006 | -14% | 1,345,140 | $7,680,793 |
| NIS | Nickel Search | 0.12 | -14% | 908,556 | $8,470,759 |
| SLZ | Sultan Resources Ltd | 0.065 | -13% | 55,000 | $6,246,329 |
| AMD | Arrow Minerals | 0.0065 | -13% | 16,187,476 | $19,003,238 |
| PNT | Panthermetalsltd | 0.165 | -13% | 9,952 | $5,842,500 |
| MME | Moneyme Limited | 0.375 | -13% | 684,612 | $121,796,307 |
| DLT | Delta Drone Intl Ltd | 0.007 | -13% | 3,058,734 | $4,092,839 |
| NAE | New Age Exploration | 0.007 | -13% | 2,722,376 | $11,487,191 |
| PIL | Peppermint Inv Ltd | 0.007 | -13% | 6,544,934 | $16,302,855 |
| CAZ | Cazaly Resources | 0.029 | -12% | 1,746,797 | $12,270,119 |
| GLL | Galilee Energy Ltd | 0.22 | -12% | 717,106 | $84,634,375 |
| PVW | PVW Res Ltd | 0.11 | -12% | 129,135 | $11,627,734 |
| RWD | Reward Minerals Ltd | 0.115 | -12% | 28,000 | $25,389,350 |
| TGH | Terragen | 0.071 | -11% | 109,333 | $15,521,539 |
| FXG | Felix Gold Limited | 0.08 | -11% | 236,802 | $7,484,976 |
