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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, 10 bargain barrel ASX lithium stocks, how to understand uranium pricing, and who’s riding the met coal price boom?
But first … the day ahead.
TRADING HALTS
Monday
Locksley Resources (ASX:LKY) – price and volume query
Avira Resources (ASX:AVW) – capital raising
Sunshine Gold (ASX:SHN) – capital raising
Comet Resources (ASX:CRL) – metallurgical test work results
Tuesday
Centrex Metals (ASX:CXM) – extension fee update
Noronex (ASX:NRX) – project acquisition and capital raising
TerraCom (ASX:TER) – refinancing update
Vango Mining (ASX:VAN) – drilling results
Epsilon Healthcare (ASX:EPN) – material order
MARKETS
Gold: $US1,754.34 ($2,415.28) (+0.05%)
Silver: $US22.38 ($30.81) (-2.40%)
Oil (WTI): $US71.59 (-0.53%)
Oil (Brent): $US75.29 (-0.50%)
Coal: $US177.50 (+0.03%)
Iron 62pc Fe: $US123.00 (+2.53%)
AUD/USD: $US0.7262 (-0.03%)
Bitcoin: $US47,565.33 (-1.09%)
WHAT GOT YOU TALKING LAST WEEK?
Uranium and lithium were the talk of the town.
ASX #Uranium #stocks are going berserk🤪🚀 “#SPUT has now massively upsized this buying program by ~US$1bn to US$1.3bn, and there could be more tailwinds to come, experts say.”🌀⚛️⛏️🛸✨ https://t.co/vvt6a6ILOR
— John Quakes (@quakes99) September 13, 2021
And could an Evergrande collapse hit the Aussie bourse?
#China Lehman moment in the making? China’s junk bond yields keep rising to 14.4% due to fears of an Evergrande default could trigger a domino effect. pic.twitter.com/jqJ8lUdjXN
— Holger Zschaepitz (@Schuldensuehner) September 17, 2021
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For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.
Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
LAST WEEK’S SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for September 10 – September 17 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | ReturnWRoll% | MktCap$ |
|---|---|---|---|---|
| MHK | Metalhawk. | 0.65 | 251 | $ 28,068,250.00 |
| ACB | A-Cap Energy Ltd | 0.135 | 101 | $ 117,704,456.91 |
| TOE | Toro Energy Limited | 0.044 | 100 | $ 190,969,766.82 |
| HNR | Hannans Ltd | 0.019 | 90 | $ 49,559,521.03 |
| TSC | Twenty Seven Co. Ltd | 0.0065 | 86 | $ 21,286,511.24 |
| AGE | Alligator Energy | 0.098 | 81 | $ 278,357,366.10 |
| GGX | Gas2Grid Limited | 0.0035 | 75 | $ 10,115,255.20 |
| CAU | Cronos Australia | 0.18 | 71 | $ 7,293,750.00 |
| KWR | Kingwest Resources | 0.12 | 64 | $ 26,034,648.88 |
| GTR | Gti Resources | 0.0425 | 63 | $ 37,420,679.26 |
| DLC | Delecta Limited | 0.0145 | 61 | $ 15,129,318.08 |
| 92E | 92Energy | 0.79 | 58 | $ 31,708,950.81 |
| ICE | Icetana Limited | 0.135 | 57 | $ 10,269,312.50 |
| JPR | Jupiter Energy | 0.051 | 55 | $ 9,816,172.35 |
| OXX | Octanex Ltd | 0.034 | 55 | $ 9,841,152.07 |
| ERW | Errawarra Resources | 0.29 | 53 | $ 9,851,616.39 |
| ERA | Energy Resources | 0.465 | 52 | $ 1,734,950,103.06 |
| GLA | Gladiator Resources | 0.053 | 51 | $ 24,470,594.72 |
| THR | Thor Mining PLC | 0.021 | 50 | $ 10,431,803.74 |
| WFL | Wellfully Limited | 0.165 | 50 | $ 34,620,376.89 |
| CVS | Cervantes Corp Ltd | 0.009 | 50 | $ 12,432,099.71 |
| MDX | Mindax Limited | 0.063 | 50 | $ 117,994,890.83 |
| PBX | Pacific Bauxite Ltd | 0.003 | 50 | $ 1,189,842.10 |
| NPM | Newpeak Metals | 0.0015 | 50 | $ 13,654,870.31 |
| CLZ | Classic Min Ltd | 0.0015 | 50 | $ 24,204,040.33 |
| MRD | Mount Ridley Mines | 0.006 | 50 | $ 30,090,741.43 |
| PCL | Pancontinental Oil | 0.0015 | 50 | $ 10,551,334.22 |
| NXM | Nexus Minerals Ltd | 0.33 | 47 | $ 85,453,084.85 |
| LTR | Liontown Resources | 1.545 | 46 | $ 2,988,451,524.85 |
| LOT | Lotus Resources Ltd | 0.3 | 46 | $ 307,164,420.16 |
| AT1 | Atomo Diagnostics | 0.335 | 46 | $ 151,215,424.69 |
| PEN | Peninsula Energy Ltd | 0.3125 | 45 | $ 338,646,182.90 |
| MTC | Metalstech Ltd | 0.42 | 45 | $ 65,851,219.77 |
Metal Hawk (ASX:MHK) +251%
It’s early days for explorer Metal Hawk but hitting massive nickel sulphide mineralisation on its first try at the Commodore prospect near Kalgoorlie has proved rewarding for the company.
It noted that the greenfields discovery, for which assay results are not available yet, has mineralisation consistent with high-grade Kambalda style komatiite-hosted massive nickel sulphide deposits.
Not bad for a project that has never been tested for nickel.
A-Cap Energy (ASX:ACB) +101%
With its shares gaining on the back of no news, A-Cap Energy is the poster child for the uranium halo effect.
The company holds the Letlhakane uranium project in Botswana but has cut back expenses there to focus on its Wilconi copper-nickel project.
Toro Energy (ASX:TOE) +100%
Snapping at its heels is Toro, which released info on the first phase of the re-engineering study for its Lake Maitland uranium and vanadium deposit.
Vanadium resources are currently being integrated into the uranium resource block model for optimisation.
Lake Maitland is part of the company’s Wiluna uranium project in Western Australia, which has already received environmental approvals.
LAST WEEK’S SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks for September 10 – September 17 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % 1 Week | MktCap$ |
|---|---|---|---|---|
| NTL | New Talisman Gold | 0.001 | -64.3% | $5,584,451 |
| BLY | Boart Longyear | 3.11 | -46.4% | $15,717,259 |
| JPR | Jupiter Energy | 0.042 | -34.4% | $6,595,241 |
| TOM | Tomizone Limited | 0.002 | -33.3% | $850,401 |
| Z2U | Zoom2Utechnologies | 0.495 | -32.7% | $65,150,874 |
| TSC | Twenty Seven Co. Ltd | 0.0055 | -31.3% | $13,304,070 |
| TOE | Toro Energy Limited | 0.034 | -30.6% | $128,612,292 |
| VMS | Venture Minerals | 0.055 | -28.6% | $73,382,965 |
| MGL | Magontec Limited | 0.33 | -28.3% | $25,320,639 |
| FEX | Fenix Resources Ltd | 0.225 | -27.4% | $108,609,202 |
| AM7 | Arcadia Minerals | 0.195 | -26.4% | $6,840,000 |
| BMN | Bannerman Energy Ltd | 0.28 | -26.3% | $355,421,245 |
| KCC | Kincora Copper | 0.14 | -26.3% | $10,038,994 |
| CXU | Cauldron Energy Ltd | 0.033 | -25.0% | $16,703,983 |
| PCH | Property Connect | 0.0015 | -25.0% | $1,028,795 |
| EVE | EVE Investments Ltd | 0.003 | -25.0% | $13,450,997 |
| LDR | Lode Resources | 0.13 | -23.5% | $4,671,693 |
| MXR | Maximus Resources | 0.088 | -23.5% | $13,291,798 |
| PEN | Peninsula Energy Ltd | 0.2625 | -22.8% | $253,984,637 |
| GTR | Gti Resources | 0.034 | -22.0% | $28,084,944 |
| VMY | Vimy Resources Ltd | 0.205 | -21.2% | $210,299,732 |
| AFR | African Energy Res | 0.03 | -21.1% | $19,227,898 |
| VAL | Valor Resources Ltd | 0.019 | -20.8% | $56,966,714 |
| MIO | Macarthur Minerals | 0.46 | -20.7% | $67,881,035 |
| NXG | Nexgenenergycanada | 6.69 | -20.5% | $74,719,348 |
| CNJ | Conico Ltd | 0.051 | -20.3% | $57,012,248 |
| XTC | Xantippe Res Ltd | 0.002 | -20.0% | $8,149,129 |
