• ASX200 finishes up 0.52% for the first week under the new Labor Gov
  • Tech took a swan dive in the US as investors look to gold for security
  • China says demand for thermal coal likely to continue downwards trend

 

Aussie markets opened optimistically this week after Anthony Albanese was sworn in as the 31st Prime Minister, ending 10 years of conservative government.

The ASX 200 even gained a wee bit this week (0.52%) and closed slightly up by 1.08% today.

But in the US, teetering retail and tech stocks saw some big losses – on Wednesday the tech-heavy Nasdaq crashed more than 2% after Snap Inc.’s 43% swan dive on a profit warning that spilled out into the broader market.

Investors are scurrying for the security of gold, but the resources sector took a bit of a hit after Chinese Premier Li Keqiang sent the major diggers a glum message on Thursday – warning the world’s second-largest economy is in its worst shape since Wuhan 2020.

Extensive lockdowns are partially to blame, and China’s demand for thermal coal is likely to continue its downer through the rest of the first half.

At home, some sectors finished the week higher, led by Energy which gained 2.14%, but Information Technology dropped 3.43%.

 

How did this week’s IPOs perform?

 

The listing of Tabcorp’s (ASX:TAH)  lottery spinoff The Lottery Corporation (ASX:TLC)  happened on Monday, and as a result Tabcorp’s share price recalibrated itself down by more than 80% to reflect the demerger of the two businesses.

TLC is the lucrative Lotteries and Keno business arm – which raked in a massive EDITDA of $611m in FY21.

TLC is trading up 3% from its listing price, peaking at $4.89 before closing at $4.79 today.

Battery metals explorer Bellavista Resources (ASX:BVR) also listed this week, with the company’s projects including the Brumby Deposit, Vernon Base Metals, Vernon Nickel-PGE and Gorge Creek which are highly prospective for zinc, copper, silver, PGE and uranium deposits.

Notably, major shareholders Capricorn Resources (ASX: CMM) executive chairman Mark Clark and Bellevue Gold (ASX: BGL) managing director Steve Parsons have each acquired a 10 per cent stake in Bellavista. 

At market close today the company was trading bang on its listing price of $0.25.

TG Metals (ASX:TG6) jumped 2.7% today to finish at $0.19.

The explorer is focussed on assets prospective for nickel, lithium and gold in the Goldfields-Esperance region of WA.

Demetallica (ASX:DRM) – a spin-out from Minotaur Exploration (ASX:MEP) – is targeting gold, gypsum and base metals at its projects across Queensland and SA.

The company finished the day trading slightly below its listing price, at $0.265.

 

ASX SMALL CAP WINNERS:

Here are the best performing ASX small cap stocks for May 23 – 27:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Week Market Cap
RAS Ragusa Minerals Ltd 0.19 138% $17,592,096.20
VMG VDM Group Limited 0.002 100% $13,855,321.90
OKU Oklo Resources Ltd 0.1425 78% $38,341,732.40
BEZ Besragoldinc 0.089 78% $14,950,946.52
IVO Invigor Group Ltd 0.055 77% $5,361,995.31
DAF Discovery Alaska Ltd 0.076 69% $15,849,663.56
LIN Lindian Resources 0.053 61% $30,935,317.57
RMI Resource Mining Corp 0.145 58% $54,765,865.40
MYD Mydeal.Com.Au 1.0125 57% $261,415,579.06
VEE Veem Ltd 0.705 57% $88,217,643.80
GAL Galileo Mining Ltd 1.68 56% $237,456,979.05
BBX BBX Minerals Ltd 0.13 44% $52,902,469.63
APS Allup Silica Ltd 0.18 44% $6,854,638.69
RFX Redflow Limited 0.052 41% $67,603,036.47
OMX Orangeminerals 0.14 40% $5,770,800.00
ILA Island Pharma 0.2 38% $8,433,033.96
MNB Minbos Resources Ltd 0.17 36% $76,220,395.07
XRG Xreality Group Ltd 0.047 34% $16,169,786.59
NC1 Nicoresourceslimited 1.39 34% $108,626,252.49
ALT Analytica Limited 0.002 33% $4,613,801.13
AVR Anteris Technologies 20.19 32% $271,962,622.80
TLM Talisman Mining 0.19 31% $32,854,411.98
XTE Xtek Limited 0.415 30% $32,198,478.08
B4P Beforepay Group 0.53 29% $18,784,801.40
PUR Pursuit Minerals 0.023 28% $20,802,082.27
PSL Paterson Resources 0.028 27% $9,499,240.88
OBM Ora Banda Mining Ltd 0.042 27% $50,837,530.21
MGL Magontec Limited 0.425 27% $31,458,976.10
TER Terracom Ltd 0.77 26% $550,133,569.90
KCC Kincora Copper 0.093 26% $7,323,561.90
QEM QEM Limited 0.245 26% $26,758,635.64
CPM Coopermetalslimited 0.54 26% $13,780,200.00
KFM Kingfisher Mining 0.27 26% $9,246,150.27
GED Golden Deeps 0.02 25% $20,792,868.23
KEY KEY Petroleum 0.0025 25% $4,919,820.32
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Discovery Alaska (ASX:DAF) released further evidence of lithium potential at its Coal Creek lithium prospect at the Chultina project in Alaska with confirmation from a handheld SciAps Z-901 laser-induced breakdown spectroscopy (LIBS) analyser (sounds like a power instrument).

The company said it’s now reviewing historical drill core at Coal Creek and re-analysing core samples with the intention of discovering a lithium resource and establishing a JORC-compliant resource.

Also up was Ragusa Minerals (ASX: RAS) , which announced a lithium acquisition on Monday. The 570sqkm of ground in the ‘Litchfield’ pegmatite belt in the Territory complements an acquisition from back in Middle March.

RAS says it intends to start exploration works to target outcropping pegmatite rocks (main source of lithium) identified from prior exploration, to develop a more comprehensive exploration program.

“The company has secured extremely strategic and highly sought-after lithium prospective tenements in the centre of a well-renowned lithium district,” says RAS chair Jerko Zuvela, who is also MD at advanced lithium play Argosy Minerals (ASX:AGY).

BBX Minerals (ASX:BBX) says it’s hit “significant precious metals values” in Brazil. Its value is significantly more precious today and, wait for it, still moving heavenwards is Eden (ASX:EDE) thanks to an excellent offtake agreement.

And virtual reality business  xReality Group (ASX:XRG) has raised $1.26m via a placement at NO discount to the last trading price.

 

ASX SMALL CAP LOSERS

 

Here are the worst performing ASX small cap stocks for May 23 – 27:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Week Market Cap
OLY Olympio Metals Ltd 0.19 -96% $7,233,588.80
BPH BPH Energy Ltd 0.015 -59% $11,304,120.27
M8S M8 Sustainable 0.0095 -47% $4,194,799.60
ORM Orion Metals Ltd 0.03 -39% $16,352,923.29
IR1 Irismetals 0.39 -38% $19,987,000.00
ARO Astro Resources NL 0.0025 -38% $14,115,723.80
FDR Finder 0.115 -32% $13,875,000.00
1ST 1St Group Ltd 0.007 -30% $3,879,076.66
AUR Auris Minerals Ltd 0.025 -29% $13,345,526.80
PLG Pearlgullironlimited 0.035 -29% $1,921,580.78
STP Step One Limited 0.265 -26% $48,188,475.66
IVZ Invictus Energy Ltd 0.2025 -26% $138,271,985.25
NNG Nexion Group 0.067 -26% $5,418,357.40
EVE EVE Health Group Ltd 0.0015 -25% $8,619,617.11
LNU Linius Tech Limited 0.006 -25% $12,736,856.03
PG1 Pearl Global Ltd 0.015 -25% $13,611,462.44
SIT Site Group Int Ltd 0.003 -25% $2,523,735.38
TSC Twenty Seven Co. Ltd 0.003 -25% $7,982,441.72
VOL Victory Offices Ltd 0.053 -24% $8,839,488.90
RVS Revasum 0.41 -24% $40,248,328.52
MLS Metals Australia 0.084 -24% $38,715,217.69
NUH Nuheara Limited 0.13 -24% $12,535,243.25
AVL Aust Vanadium Ltd 0.044 -23% $157,046,356.44
HPP Health Plant Protein 0.097 -22% $11,790,790.85
AHK Ark Mines Limited 0.3 -22% $10,159,581.42
MCL Mighty Craft Ltd 0.2125 -22% $72,134,278.92
AEV Avenira Limited 0.0125 -22% $13,514,639.67
RTH Ras Tech 0.43 -22% $19,547,191.55
REZ Resourc & En Grp Ltd 0.033 -21% $15,493,979.46
RML Resolution Minerals 0.011 -21% $8,204,582.47
GLV Global Oil & Gas 0.022 -21% $43,087,158.28
TEM Tempest Minerals 0.05 -21% $26,234,390.47
AJQ Armour Energy Ltd 0.006 -20% $14,276,159.29
AVW Avira Resources Ltd 0.004 -20% $8,475,160.00
CFO Cfoam Limited 0.004 -20% $2,935,362.54
LNY Laneway Res Ltd 0.004 -20% $31,510,082.05
KPG Kelly Partners Group 3.57 -20% $157,500,000.00
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