On Stockhead today, it’s our bumper Xmas commodities experts tips edition – 24 picks to fill your stockings with.
But first … the day ahead.
TRADING HALTS
The following companies went into trading halts yesterday and are expected out in the next few days:
Reece Pharmaceuticals (ASX:RCE) – pending an announcement relating to Human Research Ethics Committee (HREC) Approval for a Phase II study of RECCE 327 as a topical anti-infective therapy for Diabetic Foot Infections.
Bigtincan Holdings (ASX:BTH) – cap raising.
Toro Energy (ASX:TOE) – cap raising.
Cygnus Gold (ASX:CY5) – cap raising.
Latin Resources (ASX:LRS) – pending an announcement in relation to the Maiden Mineral Resource Estimate at the Colina Lithium Project.
Widgie Nickel (ASX:WIN) – pending an announcement regarding exploration results for the Faraday Lithium prospect at its Mt Edwards Project.
COMMODITY/ FOREX/ CRYPTO MARKET PRICES
Gold: $US1,772.46 (+0.09%)
Silver: $US22.283 (+0.54%)
Nickel (3mth): $US29,271/t
Copper (3mth): $US8,421.50/t
Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 16): $US80,150/t (+0.1% weekly, +127.6% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 16): $US79,525/t (+0.1% weekly, +171.4% year-to-date)
Oil (WTI): $US74.238 (-0.01%)
Oil (Brent): $US79.333 (-0.02%)
Iron 62pc Fe: $US109.50 (+0.00%)
AUD/USD: 0.66930 (+0.10%)
Bitcoin: $US17,031.50(+0.13%)
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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 in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| PMT | Patriot Battery Metals | 1.25 | 108% | 4,149,101 | $4,200,000 |
| GCR | Golden Cross | 0.008 | 60% | 1,646,161 | $5,486,281 |
| ANL | Amani Gold Ltd | 0.0015 | 50% | 61,976,306 | $23,693,441 |
| ZLD | Zelira Therapeutics | 1.33 | 39% | 12,059 | $9,194,031 |
| OXX | Octanex Ltd | 0.004 | 33% | 286,555 | $776,933 |
| MIO | Macarthur Minerals | 0.2 | 33% | 903,113 | $24,848,023 |
| BDG | Black Dragon Gold | 0.0495 | 24% | 259,003 | $8,026,802 |
| GGE | Grand Gulf Energy | 0.027 | 23% | 7,714,213 | $34,025,435 |
| RML | Resolution Minerals | 0.009 | 20% | 330,339 | $8,023,096 |
| RAN | Range International | 0.006 | 20% | 1 | $4,696,452 |
| RMX | Red Mount Min Ltd | 0.006 | 20% | 11,923,536 | $8,211,819 |
| CMX | Chemxmaterials | 0.19 | 19% | 26,419 | $7,498,580 |
| GCX | GCX Metals Limited | 0.045 | 18% | 34,560 | $7,059,590 |
| GLH | Global Health Ltd | 0.26 | 18% | 8,158 | $12,760,744 |
| 99L | 99 Loyalty Ltd. | 0.014 | 17% | 10,000 | $13,916,193 |
| GTG | Genetic Technologies | 0.0035 | 17% | 3,470,495 | $27,701,895 |
| OPA | Optima Technology | 0.079 | 16% | 300,000 | $16,793,168 |
| SPX | Spenda Limited | 0.011 | 16% | 11,216,997 | $30,701,060 |
| HVY | Heavy minerals | 0.105 | 15% | 68,422 | $3,511,258 |
| BLG | Bluglass Limited | 0.03 | 15% | 2,280,935 | $33,724,730 |
| N1H | N1 Holdings Ltd | 0.195 | 15% | 5,800 | $14,969,447 |
| M8S | M8 Sustainable | 0.008 | 14% | 159,200 | $3,436,359 |
| SFG | Seafarms Group Ltd | 0.008 | 14% | 1,767,411 | $33,856,194 |
| TAS | Tasman Resources Ltd | 0.008 | 14% | 257,203 | $4,698,068 |
The biggest winner yesterday was freshly listed lithium explorer Patriot Battery Metals (ASX:PMT) which raised $4,200,000 at an issue price of $0.60 per CDI – and closed up a whopping 110% at $1.26.
Patriot owns 214sqkm of prime spod exploration ground including the Corvette discovery, a 50km trend littered with spodumene outcrop it hopes could be the next major North American lithium discovery.
Among the leadership team is a lithium legend – Ken Brinsden, who not only helped turn Pilbara Minerals (ASX:PLS) from a penny dreadful into a $15 billion lithium giant, but also drove the development of its Battery Material Exchange auction platform to uncover the true market value of Australian lithium concentrate.
Drilling results have included hits of around 1% Li2O over intercepts greater than 100m and there’s more to come. PMT says it “will be receiving a backlog of assay results, with further announcements expected over the coming weeks.”
Grand Gulf Energy (ASX:GGE) is building on the success of its first successful exploration well at the Red Helium project in Utah with plans to drill a second well at its Red Helium project in Utah before yearend.
The company has finalised the site of the upcoming Jesse#2 well with the aid of 2D seismic data combine with results from Jesse#1A and historical well results.
Then there’s Red Mountain Mining (ASX:RMX) which has picked up two new assets in an emerging lithium district in Nevada, US, from Chariot Corporation.
The Lithic Lithium Project and the Mustang Lithium Project consist of 153 claims covering 1,178ha prospective for claystone hosted lithium in the prolific Big Smoky and Monte Cristo Basins of Esmeralda County.
This region currently hosts the only operating lithium mine in the USA – the Silver Peak Lithium Mine owned by Albemarle Corporation (NYSE:ALB).
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.
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| AO1 | Assetowl Limited | 0.001 | -50% | 350,000 | $3,144,260 |
| MEB | Medibio Limited | 0.001 | -50% | 225,972 | $6,641,188 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 335,821 | $31,285,147 |
| MTB | Mount Burgess Mining | 0.003 | -25% | 1 | $3,436,684 |
| MTL | Mantle Minerals Ltd | 0.003 | -25% | 49,590,313 | $21,382,420 |
| MGTDB | Magnetite Mines | 0.67 | -21% | 323,964 | $64,460,252 |
| MRQ | Mrg Metals Limited | 0.004 | -20% | 1,688,458 | $9,854,593 |
| BIO | Biome Australia Ltd | 0.065 | -19% | 110,000 | $12,844,025 |
| COY | Coppermoly Limited | 0.009 | -18% | 211,270 | $24,133,526 |
| W2V | Way2Vatltd | 0.028 | -18% | 465,903 | $6,046,703 |
| AVM | Advance Metals Ltd | 0.01 | -17% | 1,215,713 | $5,784,529 |
| GLV | Global Oil & Gas | 0.0025 | -17% | 1,446,611 | $6,857,567 |
| NML | Navarre Minerals Ltd | 0.036 | -14% | 5,677,683 | $60,390,924 |
| AUH | Austchina Holdings | 0.006 | -14% | 2,150,000 | $14,257,829 |
| ICN | Icon Energy Limited | 0.006 | -14% | 325,000 | $5,376,096 |
| LAW | Lawfinance Ltd | 0.065 | -13% | 273,376 | $4,790,074 |
| KTG | K-Tig Limited | 0.1 | -13% | 252,528 | $20,827,795 |
| REM | Remsense technologies | 0.135 | -13% | 27,000 | $5,651,544 |
| B4P | Beforepay Group | 0.41 | -13% | 96,150 | $16,369,732 |
| ADX | ADX Energy Ltd | 0.007 | -13% | 1,268,821 | $28,103,300 |
| ADY | Admiralty Resources | 0.007 | -13% | 792,100 | $10,428,633 |
| MCT | Metalicity Limited | 0.0035 | -13% | 20,000 | $13,968,157 |
| NZS | New Zealand Coastal | 0.0035 | -13% | 1,424,312 | $4,508,020 |
| FRM | Farm Pride Foods | 0.14 | -13% | 6,335 | $8,828,828 |
| OPL | Opyl Limited | 0.035 | -13% | 15,001 | $2,175,415 |