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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Pilbara Minerals’ Ken Brinsden on that record-breaking lithium auction, copper-coated COVID-killing face masks, and a ship that picks battery metals up off the sea floor.
But first … the day ahead.
TRADING HALTS
The following companies are in trading halts and are expected to exit over the next two trading days:
Friday
Jaxsta (ASX:JXT) – capital raising
State Gas (ASX:GAS) – capital raising
Threat Protect (ASX:TPS) – capital raising
Monday
Silex Systems (ASX:SLX) – capital raising
High Peak Royalties (ASX:HPR) – capital raising
Armour Energy (ASX:AJQ) – capital raising
Sandfire Resources (ASX:SFR) – capital raising and acquisition
Engage:BDR (ASX:EN1) – capital raising
DC Two (ASX:DC2) – capital raising
Centuria Industrial REIT (ASX:CIP) – acquisitions and capital raising
MARKETS
Gold: $US1,742.13 ($2,388.46) (-1.46%)
Silver: $US22.50 ($30.85) (-0.74%)
Oil (WTI): $US73.22 (+1.37%)
Oil (Brent): $US77.22 (+1.35%)
Coal: $US180.00 (+0.28%)
Iron 62pc Fe: $US120.45 (-.23%)
AUD/USD: $US0.7237 (+0.08%)
Bitcoin: $US44,5682.38 (+2.62%)
WHAT GOT YOU TALKING YESTERDAY?
The number of uranium players on the ASX is increasing.
• Uranium stock @aee_auraenergy re-joins the ASX with a bang in morning trade
• Small cap explorer @AdavaleL also re-joins the uranium rush
• @MiramarRes hits gold, Kingsgate eyes mine restart#ASX $AEE $ADD $KCN $M2R $ORM
https://t.co/3Osbp3usrZ— Stockhead (@StockheadAU) September 23, 2021
Meanwhile, it looks like ASIC might be about to crack down on pump and dump squads.
ASIC has noted a concerning trend of social media posts being used to coordinate ‘pump and dump’ activity in listed stocks, which may amount to market manipulation in breach of the Corporations Act 2001. https://t.co/xJew7KMPOX
— ASIC Media (@asicmedia) September 23, 2021
Some aren’t convinced.
ASIC cracking down on pump and dump groups. pic.twitter.com/A3W6o3PizO
— Chris (@Trader_C_ASX) September 23, 2021
To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.
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.
YESTERDAY’S BIGGEST WINNERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| AEE | Aura Energy | 0.26 | 500 | 25579396 |
| CCE | Carnegie Cln Energy | 0.003 | 50 | 2015535 |
| WOO | Wooboard Tech Ltd | 0.0015 | 50 | 1307581 |
| KCN | Kingsgate Consolid. | 1.18 | 44 | 6450415 |
| SMI | Santana Minerals Ltd | 0.155 | 41 | 1497316 |
| ORM | Orion Metals Ltd | 0.05 | 39 | 20000 |
| EQR | Eq Resources Limited | 0.065 | 30 | 17795089 |
| TKM | Trek Metals Ltd | 0.155 | 24 | 2013463 |
| VIA | Viagold Rare Earth | 0.255 | 21 | 40 |
| GML | Gateway Mining | 0.018 | 20 | 7513809 |
| MTC | Metalstech Ltd | 0.5 | 19 | 4451979 |
| EFE | Eastern Iron | 0.047 | 18 | 124742075 |
| RRR | Revolverresources | 0.235 | 18 | 5213809 |
| ID8 | Identitii Limited | 0.28 | 17 | 8122054 |
| M2R | Miramar | 0.21 | 17 | 1608173 |
| GGX | Gas2Grid Limited | 0.0035 | 17 | 1942977 |
| KEY | KEY Petroleum | 0.0035 | 17 | 365000 |
| TYX | Tyranna Res Ltd | 0.007 | 17 | 700000 |
| MRL | Mayur Resources Ltd | 0.255 | 16 | 10000 |
| GES | Genesis Resources | 0.015 | 15 | 1151846 |
| HAW | Hawthorn Resources | 0.053 | 15 | 197207 |
| VTI | Vision Tech Inc | 1.08 | 15 | 63531 |
| AQN | Aquirianlimited | 0.195 | 15 | 15035 |
Uranium minnow Aura Energy (ASX:AEE) re-joined the ASX with a bang, potentially egged on by pump and group groups.
There’s light at the end of the tunnel for once high-flying gold producer Kingsgate Consolidated (ASX:KCN) , with a settlement in sight to restart the flagship ‘Chatree’ gold mine in Thailand.
Miramar Resources (ASX:M2R) hit a number of thin, +6g/t gold intersections in early-stage drilling at ‘Marylebone’, part of the Gigji project near Kalgoorlie. A new discovery could be imminent, the company says.
New IPO Revolver Resources (ASX:RRR) had a solid debut, gaining ~20%.
Outside resources, one winner was AuMake (ASX:AUK), a former daigou retailer that is delving into the ecommerce space. It rose after signing a deal with Wiseway (ASX:WWG).
YESTERDAY’S BIGGEST LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| BAS | Bass Oil Ltd | 0.001 | -50 | 77640781 |
| BLY | Boart Longyear | 3.55 | -39 | 1428 |
| AM7 | Arcadia Minerals | 0.2 | -23 | 1600131 |
| ARO | Astro Resources NL | 0.004 | -20 | 1143 |
| MRD | Mount Ridley Mines | 0.004 | -20 | 14120868 |
| GMD | Genesis Minerals | 0.15 | -17 | 71046613 |
| EME | Energy Metals Ltd | 0.355 | -15 | 129146 |
| CXX | Cradle Resources Ltd | 0.034 | -15 | 296000 |
| AFW | Applyflow Limited | 0.006 | -14 | 15713630 |
| GLA | Gladiator Resources | 0.04 | -13 | 4972510 |
| AFR | African Energy Res | 0.028 | -13 | 862975 |
| EVE | EVE Investments Ltd | 0.0035 | -13 | 1969705 |
| AD1 | AD1 Holdings Limited | 0.035 | -13 | 1475529 |
| Z2U | Zoom2Utechnologies | 0.56 | -13 | 3928076 |
| SW1 | Swift Media Limited | 0.021 | -13 | 822950 |
| IPT | Impact Minerals | 0.015 | -12 | 6775000 |
| DXN | DXN Limited | 0.008 | -11 | 3859585 |
| ROO | Roots Sustainable | 0.008 | -11 | 649037 |
| OOK | Ookami Limited | 0.205 | -11 | 3098968 |
| AYM | Australia United Min | 0.009 | -10 | 439000 |
| RMX | Red Mount Min Ltd | 0.009 | -10 | 2951519 |
| SBR | Sabre Resources | 0.0045 | -10 | 2667246 |
| AGE | Alligator Energy | 0.082 | -10 | 36478137 |
Arcadia Minerals (ASX:AM7) dropped after releasing its maiden resource at the Swanson tantalum/lithium project in Namibia.
