Rise and Shine: What you need to know before the ASX opens
Pic: Getty Images
On Stockhead today, investing in banks that aren’t the Big Four, who won the ASX in August, and giant grass that can save the world.
But first…
Local shares are set to open higher today. At 8am AEST, the ASX 200 September futures contract is pointing up by 0.30%.
TRADING HALTS
The following companies went into trading halts yesterday and are expected out in the next few days
Dreadnought Resources (ASX:DRE) – Have we done more than enough Dr Dre gags yet? We have? Great… anyway, DRE is about to drop some (hopefully) Phat exploration results.
MLG Oz (ASX:MLG) – News of contract award is on its way. Exciting times!
Haranga Resources (ASX:HAR) – Haranga’s got some glowing reports (and reports of glowing) from its Saraya Uranium project.
Strike Energy (ASX:STX) – Time to down tools, until our capital raise demands are met.
Lotus Resources (ASX:LOT) – And some relaxing stretching and breathing exercises, Lotus assumes the position for a capital raise of its own.
Nuheara (ASX:NUH) – I said ‘THEY’RE HAVING A CAPITAL RAISE’
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,705.97 (-0.27%)
Silver: $US17.80 (-0.93%)
Nickel (3mth): $US21,370/t (+1%)
Copper (3mth): $US7,790.50/t (-0.93%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, Aug 17): $US71,200/t (+90.2% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, Aug 17): $US71,775/t (+127.4% year-to-date)
Oil (WTI): $US88.03 (-1.51%)
Oil (Brent): $US93.78 (-1.80%)
Iron 62pc Fe: $US104.76 (-0.16%)
AUD/USD: 0.6829 (-0.03%%)
Bitcoin: $US19,882 (-1.55%)
 
WHAT GOT YOU TALKING YESTERDAY?
Jim “Cooler” Cramer, the host of US network CNBC’s Mad Money program, has a bit of a rep for his not-always-on-the-money calls. Whether that’s fair or not, he’s now telling crypto investors to dump.
CNBC's Jim Cramer says to sell your crypto assets… time to pile in, then? #crypto #btc #eth Stockhead > https://t.co/8nsq7BcdHR pic.twitter.com/SF9kg4aEIw
— Coinhead (@CoinheadAU) September 1, 2022
Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.
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 preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am 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 rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AW1 | Americanwestmetals | 0.255 | 89% | 46,310,437 | $14,988,746.39 |
| MEB | Medibio Limited | 0.0015 | 50% | 1,094,897 | $3,320,593.79 |
| TSC | Twenty Seven Co. Ltd | 0.003 | 50% | 250,000 | $5,321,627.81 |
| PIL | Peppermint Inv Ltd | 0.0155 | 41% | 31,891,406 | $22,416,425.20 |
| SEG | Sports Ent Grp Ltd | 0.28 | 27% | 5,000 | $57,444,646.16 |
| AFW | Applyflow Limited | 0.0025 | 25% | 500,000 | $5,915,216.07 |
| SIH | Sihayo Gold Limited | 0.0025 | 25% | 10,422,239 | $12,204,256.18 |
| PBL | Parabellumresources | 0.375 | 21% | 518,104 | $12,909,175.31 |
| NOX | Noxopharm Limited | 0.295 | 20% | 1,580,028 | $71,598,297.75 |
| AQX | Alice Queen Ltd | 0.003 | 20% | 4,052,369 | $5,384,236.14 |
| RR1 | Reach Resources Ltd | 0.006 | 20% | 13,766,550 | $9,550,253.20 |
| TMK | TMK Energy Limited | 0.012 | 20% | 4,680,230 | $35,207,812.50 |
| PVS | Pivotal Systems | 0.099 | 19% | 55,088 | $13,235,698.75 |
| ATP | Atlas Pearls Ltd | 0.039 | 18% | 512,931 | $14,119,768.01 |
| KFM | Kingfisher Mining | 0.59 | 18% | 1,969,123 | $17,122,500.50 |
| KKO | Kinetiko Energy Ltd | 0.073 | 18% | 567,544 | $42,412,586.08 |
| UUL | Ultima Utd Ltd | 0.08 | 18% | 2,355,763 | $4,984,911.63 |
| PHO | Phosco Ltd | 0.14 | 17% | 58,360 | $32,389,699.68 |
| PO3 | Purifloh Ltd | 0.5 | 16% | 8,781 | $13,555,104.14 |
| HMD | Heramed Limited | 0.185 | 16% | 2,622,700 | $33,902,050.88 |
| ANP | Antisense Therapeut. | 0.105 | 15% | 1,304,468 | $60,860,252.00 |
| DM1 | Desert Metals | 0.425 | 15% | 944,475 | $17,756,972.66 |
| KTG | K-Tig Limited | 0.195 | 15% | 225,458 | $30,788,914.37 |
| MX1 | Micro-X Limited | 0.1375 | 15% | 631,389 | $55,380,598.92 |
| ARO | Astro Resources NL | 0.004 | 14% | 85,250 | $16,468,344.43 |
Peppermint Innovation (ASX:PIL) climbed after Stockhead’s Christian Edwards reckoned in an update to the market it showed it had all convertible note debt removed from the company balance sheet.
In the preliminary FY report, revenue is down 32% and its net loss is up 26%. Only a few weeks ago the Aussie-listed fintech signed a an exclusive five-year deal with Visa enabling the company to go big and expand its digital financial offering globally.
PIL will join Visa’s FinTech Fast Track Program and will initially focus on its key markets of the Philippines, Singapore, and Australia. Back in May it was granted a licence to operate as an Electronic Money Issuer (EMI) by the Philippines Central Bank ‘Bangko Sentral ng Pilipinas’ (BSP).
Property developer Ultima United (ASX:UUL) enjoyed a quarterly comeback for the ages. That’ll be the 1400% rise in assets YoY to $23 million, and a 94% swing in the right direction of YoY net loss after tax.
Investors beheld this information, driving Ultima’s price up more than 80%.
American West Minerals (ASX:AW1), news of a belter find at its Canadian Storm project energised the market.
The results from drill hole ST22-05 from the 2750N Zone intersected included:
- 41m @ 4.18% Cu from 38m downhole, including;
- 15m @ 10.05% Cu from 47m downhole, and including;
- 5m @ 24.28% Cu from 48m downhole
YESTERDAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AMS | Atomos | 0.185 | -26% | 11,888,199 | $55,587,896.25 |
| MME | Moneyme Limited | 0.515 | -25% | 3,343,561 | $164,114,585.94 |
| CGO | CPT Global Limited | 0.365 | -24% | 203,218 | $19,971,428.64 |
| AE1 | Aerison | 0.15 | -23% | 116,764 | $59,657,810.16 |
| FEX | Fenix Resources Ltd | 0.28 | -22% | 4,439,634 | $196,637,011.20 |
| MBX | Myfoodieboxlimited | 0.073 | -22% | 66,008 | $3,115,499.54 |
| SPN | Sparc Tech Ltd | 0.7 | -20% | 150,121 | $59,381,430.24 |
| OAR | OAR Resources Ltd | 0.004 | -20% | 7,135,636 | $10,855,189.49 |
| ROO | Roots Sustainable | 0.004 | -20% | 30,000 | $3,748,163.44 |
| HVM | Happy Valley | 0.039 | -19% | 92,000 | $10,201,418.21 |
| RD1 | Registry Direct | 0.014 | -18% | 1,809,865 | $7,106,754.89 |
| HIL | Hills Ltd | 0.066 | -18% | 2,208,518 | $18,558,842.08 |
| WFL | Wellfully Limited | 0.027 | -17% | 791,644 | $9,057,659.98 |
| AYM | Australia United Min | 0.005 | -17% | 322,000 | $11,055,464.91 |
| BDG | Black Dragon Gold | 0.04 | -17% | 199,634 | $9,632,162.64 |
| AL3 | Aml3D | 0.105 | -16% | 290,326 | $23,507,928.00 |
| SPT | Splitit | 0.16 | -16% | 4,716,771 | $89,569,226.39 |
| ICN | Icon Energy Limited | 0.016 | -16% | 1,100,000 | $14,340,629.81 |
| PBH | Pointsbet Holdings | 2.445 | -16% | 4,776,409 | $886,343,405.30 |
| DGL | DGL Group Limited | 1.5575 | -15% | 7,759,311 | $513,812,404.48 |
| BPP | Babylon Pump & Power | 0.006 | -14% | 6,342,283 | $17,204,399.40 |
| BRK | Brookside Energy Ltd | 0.012 | -14% | 12,261,782 | $70,171,820.59 |
| RNX | Renegade Exploration | 0.006 | -14% | 220,000 | $6,227,386.47 |
| SPX | Spenda Limited | 0.012 | -14% | 4,332,090 | $44,768,287.75 |
| YPB | YPB Group Ltd | 0.006 | -14% | 2,604,835 | $2,845,823.07 |
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