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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Guy Le Page likes this US-backed Greenland player, is copper’s price peak just the start and how to find shorting targets.
But first, the day ahead.
Reserve Bank Governor Philip Lowe will be speaking at the Payments Summit at 9am AEDT ahead of the release of its quarterly Bulletin, which includes topical economic insights.
On the ASX-debut front, Panther Metals is set to list at 12.30PM AEDT. The company is exploring for nickel, gold, and cobalt in Western Australia’s Laverton district as well as the Northern Territory.
TRADING HALTS
Thursday
Bio-Gene Technology (ASX:BGT) – capital raising
BPH Energy (ASX:BPH) – farm out
OreCorp (ASX:ORR) – special mining license application
Kopore Metals (ASX:KMT) – proposed acquisition and capital raising
Epsilon (ASX:EPN) – capital raising
Environmental Group (ASX:EGL) – capital raising and business update
Orthocell (ASX:OCC) – study results
Alcidion (ASX:ALC) – acquisition and capital raising
OpenLearning (ASX:OLL) – capital raising
Canyon Resources (ASX:CAY) – mining convention
Friday
AVZ Minerals (ASX:AVZ) – capital raising
Middle Island Resources (ASX:MDI) – asset sale
Revolver Resources (ASX:RRR) – exploration results
Vulcan (ASX:VUL) – offtake agreement
Aurumin (ASX:AUN) – capital raising and acquisition
Venture Minerals (ASX:VMS) – capital raising
Traffic Technologies (ASX:TTI) – capital raising update
MARKETS (updated at 7.30am AEDT)
Gold: US$1,786.39 (A$2,488.70) (+0.13%)
Silver: US$22.48 (A$31.32) (+0.01%)
Oil (WTI): US$72.55 (+0.68%)
Oil (Brent): US$75.96 (+0.69%)
Coal: US$159.00 (+3.18%)
Iron 62pc Fe: US$106.77 (-1.18%)
AUD/USD: US$0.7178 (+0.85%)
Bitcoin: US$50,536.80 (A$70,405.14) (-0.55%)
WHAT GOT YOU TALKING YESTERDAY?
Ionic Rare Earths got you talkin’ after it signed a binding term sheet with rare earth separation and magnet recycling tech company Seren Technologies.
Ionic has signed a binding term sheet with rare earths separation and magnet recycling technology company Seren Technologies as it looks to open up new links in the REE value chain.https://t.co/hp3xGz698i #ad #ASX $IXR
— Stockhead (@StockheadAU) December 8, 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.
YESTERDAY’S BIGGEST SMALL CAP WINNERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| ERM | Emmerson Resources | 0.17 | 130 | 61612068 |
| WOO | Wooboard Tech Ltd | 0.002 | 100 | 1716061 |
| EN1 | Engage:Bdr Limited | 0.003 | 50 | 718696 |
| NPM | Newpeak Metals | 0.0015 | 50 | 588630 |
| KGL | KGL Resources Ltd | 0.645 | 34 | 704675 |
| EGL | Environmental Group | 0.23 | 31 | 3137834 |
| RBR | RBR Group Ltd | 0.005 | 25 | 5782354 |
| FRS | Forrestaniaresources | 0.335 | 24 | 1023899 |
| GRV | Greenvale Mining Ltd | 0.39 | 24 | 926201 |
| BDG | Black Dragon Gold | 0.07 | 21 | 490888 |
| ATR | Astron Corp Ltd | 0.36 | 20 | 115515 |
| CFO | Cfoam Limited | 0.012 | 20 | 4245760 |
| CGB | Cann Global Limited | 0.003 | 20 | 3647561 |
| TMR | Tempus Resources Ltd | 0.125 | 19 | 99107 |
| AXI | Axiom Properties | 0.065 | 18 | 180252 |
| MQR | Marquee Resource Ltd | 0.13 | 18 | 16005931 |
| TG1 | Techgen Metals Ltd | 0.175 | 17 | 64000 |
| CAV | Carnavale Resources | 0.007 | 17 | 6985708 |
| OXX | Octanex Ltd | 0.028 | 17 | 50143 |
| NME | Nex Metals Explorat | 0.043 | 16 | 429440 |
| APM | APM Human Services | 2.85 | 15 | 1491982 |
| AVE | Avecho Biotech Ltd | 0.015 | 15 | 3682068 |
Copper explorer Emmerson Resources (ASX:ERM) rocketed with a “stunning” 117m at 3.38% copper from 75m at the ‘Hermitage Project’
Still with copper hits, another came from KGL Resources (ASX:KGL) and it gained over 30%.
For the second day in a row, the ASX’s top 10 winners list saw a positive clinical trial result, this time from Avecho Biotech (ASX:AVE). While it was just a Phase I trial, AVE is one of the few companies in the ASX conducting trials on a CBD-based drug, which is a soft gel product.
Scout Security (ASX:SCT) unveiled a partnership with Hypersion Partners to help it enter the USA and also gave shareholders a trading update.
YESTERDAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| MBK | Metal Bank Ltd | 0.007 | -22 | 24932944 |
| KFE | Kogi Iron Ltd | 0.012 | -20 | 1761107 |
| LNY | Laneway Res Ltd | 0.005 | -17 | 1972100 |
| GNM | Great Northern | 0.006 | -14 | 21546561 |
| LCT | Living Cell Tech. | 0.006 | -14 | 3520862 |
| EQEDA | Equus Mining Ltd | 0.155 | -14 | 339757 |
| SAU | Southern Gold | 0.056 | -14 | 1254 |
| CLA | Celsius Resource Ltd | 0.02 | -13 | 7511840 |
| EPX | Ept Global Limited | 0.135 | -13 | 25000 |
| CT1 | Constellation Tech | 0.007 | -13 | 3000000 |
| IND | Industrialminerals | 0.22 | -12 | 346858 |
| ADS | Adslot Ltd. | 0.022 | -12 | 4663300 |
| KCC | Kincora Copper | 0.115 | -12 | 190315 |
| NNG | Nexion Group | 0.16 | -11 | 146949 |
| LSR | Lodestar Minerals | 0.008 | -11 | 2703002 |
| XST | Xstate Resources | 0.004 | -11 | 13000000 |
| AMO | Ambertech Limited | 0.31 | -10 | 570275 |
| MOQ | MOQ Limited | 0.18 | -10 | 297000 |
| SBR | Sabre Resources | 0.0045 | -10 | 7150000 |
| AAP | Australian Agri Ltd | 0.027 | -10 | 75893 |
| SE1 | Sensera Ltd | 0.014 | -10 | 1695144 |
| ICE | Icetana Limited | 0.095 | -10 | 289505 |
Metal Bank (ASX:MBK) fell as a capital raising took effect.
