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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, why Luke Winchester just can’t buy the Brainchip hype, what James Whelan thinks about ARK, and Rio Tinto warms to Chinese demand.
Later today, the Westpac/Melbourne Institute consumer sentiment index for January will be released.
And on the IPO front, set to list today is NiCo Resources (ASX:NC1), a mineral explorer that raised $12m at 20c.
TRADING HALTS
The following companies went into trading halts today and are expected out in the next few days:
HeraMed (ASX:HMD) — commercial licence agreement
Vanadium Resources (ASX:VR8) — government application (South Africa)
Suvo Strategic Minerals (ASX:SUV) — acquisition
PNX Metals (ASX:PNX) — capital raising
MARKETS (prices updated at 8.30am AEDT)
Gold: US$1,810.35 ($2,519.61) (-0.47%)
Silver: US$22.83 (-0.72%)
Oil (WTI): US$85.30 (+1.22%)
Oil (Brent): US$87.64 (+1.34%)
Coal: US$220.50 (+0.23%)
Iron 62pc Fe: US$126.24 (-1.25%)
AUD/USD: US$0.7187 (-0.42%)
Bitcoin: US$41,908.85 ($58,302.71) (-2.02%)
WHAT GOT YOU TALKING YESTERDAY?
Nickel catches its breath after running to decade highs, but EV data paints a rosy picture…
Nickel has halted its run to decade highs for now, but EV sales continue to rise providing big tailwinds: https://t.co/lAdnVxSe14 pic.twitter.com/fn9bLKMzNo
— Stockhead (@StockheadAU) January 18, 2022
Also…
$19 billion miner South32 and intelligence provider CRU estimate massive silver demand growth and shortage of supply between now and 2040.
$19 billion miner South32 and intelligence provider CRU estimate massive silver demand growth between now and 2040. At the same time a lack of new silver mines coming online is expected to result in a material shortage of the precious metal.https://t.co/3LOFHcCOPV #ad #ASX $SVL
— Stockhead (@StockheadAU) January 17, 2022
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 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 |
|---|---|---|---|---|
| ODE | Odessa Minerals Ltd | 0.022 | 340.0% | 17,005,563 |
| NPM | Newpeak Metals | 0.002 | 100.0% | 945,220 |
| WOO | Wooboard Tech Ltd | 0.002 | 100.0% | 1,480,790 |
| ZAG | Zuleika Gold Ltd | 0.035 | 75.0% | 23,512,793 |
| CGB | Cann Global Limited | 0.003 | 50.0% | 21,895,426 |
| BRN | Brainchip Ltd | 1.86 | 25.7% | 81,572,194 |
| CHR | Charger Metals | 0.91 | 25.5% | 6,429,380 |
| CAV | Carnavale Resources | 0.01 | 25.0% | 171,499,136 |
| EN1 | Engage:Bdr Limited | 0.0025 | 25.0% | 500,000 |
| LRV | Larvottoresources | 0.23 | 24.3% | 3,352,343 |
| TTT | Titomic Limited | 0.365 | 23.7% | 1,748,756 |
| GGE | Grand Gulf Energy | 0.032 | 23.1% | 4,104,372 |
| AML | Aeon Metals Ltd. | 0.049 | 22.5% | 5,547,706 |
| DOR | Doriemus PLC | 0.14 | 21.7% | 104,202 |
| CRR | Critical Resources | 0.11 | 20.9% | 43,719,563 |
| CAE | Cannindah Resources | 0.3 | 20.0% | 2,923,048 |
| MRQ | Mrg Metals Limited | 0.012 | 20.0% | 30,621,348 |
| VPR | Volt Power Group | 0.003 | 20.0% | 60,000 |
| 1MC | Morella Corporation | 0.025 | 19.0% | 127,593,454 |
| XTC | Xantippe Res Ltd | 0.013 | 18.2% | 136,115,313 |
| LIN | Lindian Resources | 0.033 | 17.9% | 2,272,837 |
| IKE | IkeGPS Group Ltd | 0.8 | 17.6% | 31,071 |
| AR3 | Austrare | 1.12 | 17.3% | 874,875 |
| AUE | Aurumresources | 0.205 | 17.1% | 394,611 |
| AS2 | Askarimetalslimited | 0.35 | 16.7% | 2,247,239 |
Most of the big resources winners in morning trade held most of their gains through to the closing bell.
The most notable leader was Zuleika Gold (ASX:ZAG), owing to the Mark Creasy effect following news that the mining billionaire had forked out $3m for a stake to fund ongoing drilling at ZAG’s WA-based gold projects.
Diamond hunter Odessa Minerals (ASX:ODE) (formerly known as Fargo Enterprises) also jumped sharply in percentage terms, in connection with a new capital raise which accompanied its reinstatement to the ASX following a period of suspension.
Elsewhere, pre-revenue AI chip technology company Brainchip (ASX:BRN) is mooning again — this time closing above $1.80 to take its post-COVID gains to around 6,000%.
For the most part it was junior explorers that populated the winner’s list from top to bottom, as bullish sentiment surrounding the commodity super-cycle looks to be in full effect to start the year.
YESTERDAY’S BIGGEST SMALL CAP LOSERS
(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 |
|---|---|---|---|---|
| CLE | Cyclone Metals | 0.003 | -33.3% | 7,623,735 |
| T3D | 333D Limited | 0.003 | -25.0% | 3,823,649 |
| VMG | VDM Group Limited | 0.0015 | -25.0% | 170,388 |
| RBL | Redbubble Limited | 2.32 | -22.4% | 14,590,935 |
| ERG | Eneco Refresh Ltd | 0.027 | -20.6% | 10,000 |
| CCE | Carnegie Cln Energy | 0.002 | -20.0% | 2,066,439 |
| PCL | Pancontinental Energ | 0.002 | -20.0% | 8,083,560 |
| TGH | Terragen | 0.15 | -18.9% | 51,739 |
| PPY | Papyrus Australia | 0.069 | -17.9% | 10,982,751 |
| TIG | Tigers Realm Coal | 0.02 | -16.7% | 17,632,557 |
| ICN | Icon Energy Limited | 0.011 | -15.4% | 1,000 |
| TMG | Trigg Mining Ltd. | 0.09 | -14.3% | 1,287,176 |
| DXN | DXN Limited | 0.007 | -12.5% | 21,142,363 |
| SUH | Southern Hem Min | 0.035 | -12.5% | 1,773,639 |
| SHH | Shree Minerals Ltd | 0.015 | -11.8% | 10,555,007 |
| RBR | RBR Group Ltd | 0.004 | -11.1% | 1,080,000 |
| SBR | Sabre Resources | 0.004 | -11.1% | 2,840,000 |
| SIH | Sihayo Gold Limited | 0.008 | -11.1% | 2 |
| TMK | Tamaska Oil Gas Ltd | 0.008 | -11.1% | 165,003 |
| TSC | Twenty Seven Co. Ltd | 0.004 | -11.1% | 3,233,800 |
Ecommerce play Redbubble (ASX:RB) stayed under pressure, after a trading update where the company confirmed it was struggling to maintain its post-COVID growth rates seen in the immediate aftermath of the pandemic. Stockhead’s Eddy Sunarto has more here.
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