Good morning everyone, and welcome to 07 June, 2024 – an important day in the history of the world for a variety of dumb reasons.
It was on this day in 1195 that the phenomenon of ball lightning was first recorded, by Benedictine monk Gervase of Christ Church Cathedral Priory in Canterbury – presumably while he was rubbing his balls on something.
This day in 1520 saw the start of what became known as The Field of Cloth and Gold, an early forerunner to the Glastonbury Music Festival. It was a chance for England’s King Henry VIII and French King Francis I to get together and cement unity and harmony between the two nations, once and for all.
And on this day in 1557, England declared war on France.
Luckily, you won’t need to declare war on France in order to get the news you need to start your day off right… but you can if you want to. I won’t mind.
Because I’ll be too busy reading Bevis Yeo’s drill-down into what’s happening among the ASX-listers who’ve Got Gas, after I’m done putting together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,3364.70 (+0.41%)
Silver: US$30.33 (+1.00%)
Nickel (3mth): US$18,893/t (+0.03%)
Copper (3mth): US$9,766.50/t (-0.93%)
Zinc: US$2,802.67/t (-2.30%)
Oil (WTI): US$74.46 (+0.22%)
Oil (Brent): US$78.71 (+0.06%)
Iron 62pc Fe: US$107.69/t (0.00%)
AUD/USD: 0.6659 (+0.05%)
Bitcoin: US$70,871.00 (-0.35%)
WHAT GOT YOU TALKING
Hey, look everyone! Fraser’s on the telly!
Break it Down host Fraser Palamara dissects Firetail Resources’ binding deal to acquire 80% of the York Harbour project.https://t.co/eVaQb7oD2O #ASX @FiretailRes
— Stockhead (@StockheadAU) June 6, 2024
YESTERDAY’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Name Price % Change Volume Market Cap FTL Firetail Resources 0.11 139% 24,832,182 $6,849,656 MRD Mount Ridley Mines 0.0015 50% 4,340,493 $7,784,883 BEO Beonic Ltd 0.03 36% 265,990 $9,338,889 OSX Osteopore Limited 0.073 35% 33,393,814 $6,134,562 BP8 Bph Global Ltd 0.004 33% 1,588,243 $1,172,474 GCM Green Critical Min 0.004 33% 608,675 $3,409,755 VPR Volt Power Group 0.002 33% 2,460,155 $16,074,312 MPP Metro Perf.Glass Ltd 0.083 26% 94,812 $12,234,954 ADD Adavale Resource Ltd 0.005 25% 976,000 $4,161,061 ATH Alterity Therap Ltd 0.005 25% 2,335,116 $20,980,461 BLZ Blaze Minerals Ltd 0.005 25% 1,039,761 $2,514,233 EDE Eden Inv Ltd 0.0025 25% 1,380,527 $7,356,542 ESR Estrella Res Ltd 0.005 25% 812,000 $7,037,487 LRL Labyrinth Resources 0.005 25% 308,000 $4,750,175 PUR Pursuit Minerals 0.005 25% 2,020,313 $11,775,886 GED Golden Deeps 0.049 23% 450,000 $4,620,894 IDT IDT Australia Ltd 0.125 22% 1,681,253 $35,945,805 SMN Structural Monitor. 0.415 22% 491,153 $46,513,770 NC6 Nanollose Limited 0.023 21% 901,466 $3,268,121 CMP Compumedics Limited 0.295 20% 97,604 $43,404,922 1MC Morella Corporation 0.003 20% 2,057,169 $15,446,999 AHN Athena Resources 0.003 20% 167,600 $2,676,169 AOA Ausmon Resorces 0.003 20% 8,374,285 $2,647,498 BKG Booktopia Group 0.048 20% 41,239 $9,128,204 NRZ Neurizer Ltd 0.006 20% 20,775,310 $9,512,153
Yesterday’s Small Cap Winners included:
Back in the headlines on Thursday with a near 140% explosion in share price is Firetail Resources (ASX:FTL).
FTL announced it’s set to acquire up to 80% of the York Harbour copper-zinc-silver project in Newfoundland, Canada via a staged earn-in agreement.
The company described York Harbour as a Cyprus-style volcanogenic massive sulphide (VMS) exploration project, located 180km west-south-west of FireFly Metals Ltd (ASX:FFM) Green Bay Copper Project.
Osteopore (ASX:OSX) was back in the news after revealing that its $18.7 million partnership with Singapore’s NDCS and A*STAR to develop next-generation dental implants has reached “significant milestones”.
The milestones include the successful development of a 3D-printed technology, which the company says “can combine patented biological additives and polymer compounds for dental implants that have the potential to accelerate bone healing”.
Structural Monitoring Systems (ASX:SMN) rose quickly after lifting its revenue forecast for the full year ahead of a likely maiden quarterly profit.
The avionics specialist says increased sales are expected to see the Group record a quarterly profit for the first time in the June quarter.
The stronger-than-anticipated results bolstered by the strong performance of the Group’s Contract Manufacturing segment.
By the end of this current financial year, SMN forecasts that annual gross revenue will have grown by 27% building on revenue growth of 43% in FY2023 with a figure of 28% revenue growth budgeted for in FY2025.
SMN have also forecasted Group EBITDA of $3.38 million for the current financial year which represents a significant turnaround on LBITDA of $0.27 million for FY2023.
And Top End Energy (ASX:TEE) made moves through the morning session, after announcing that it has been given a formal Ministerial grant of Exploration Permit, which the company says is the culmination of a multiple year application and approval process encompassing native title holder agreement and NT Ministerial approvals.
The permit the first EP to be granted in the NT since 2015, and sets TEE up for rapid deployment of a planned exploration program, looking for natural gas. The company is also in the process of finalising a deal for three additional granted permits from Hancock.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Here are the worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Name Price % Change Volume Market Cap NVQDB Noviqtech Limited 0.005 -88% 4 $5,949,229 CCO The Calmer Co Int 0.008 -38% 28,625,555 $17,949,372 AUK Aumake Limited 0.002 -33% 35,083 $5,743,220 AXP AXP Energy Ltd 0.001 -33% 17,819,750 $8,737,021 IEC Intra Energy Corp 0.002 -33% 719,995 $5,072,345 CUS Coppersearchlimited 0.1 -31% 1,400,033 $13,381,384 AVE Avecho Biotech Ltd 0.003 -25% 1,032,540 $12,677,188 ECT Env Clean Tech Ltd. 0.003 -25% 585,741 $12,687,242 ICU Investor Centre Ltd 0.003 -25% 3,322,358 $1,218,045 MHC Manhattan Corp Ltd 0.0015 -25% 1,587,778 $5,873,960 SKN Skin Elements Ltd 0.003 -25% 341,633 $2,357,944 TIG Tigers Realm Coal 0.003 -25% 725,000 $52,266,809 GTG Genetic Technologies 0.095 -24% 903,285 $16,527,156 TGH Terragen 0.013 -24% 401,280 $6,274,379 IXC Invex Ther 0.06 -23% 83,219 $5,862,000 EV1 Evolutionenergy 0.035 -22% 747,242 $11,754,771 JPR Jupiter Energy 0.02 -20% 124,335 $31,841,305 SHP South Harz Potash 0.008 -20% 8,279,766 $8,271,850 BCM Brazilian Critical 0.018 -18% 1,389,674 $18,276,267 WLD Wellard Limited 0.019 -17% 833,806 $12,218,757 1TT Thrive Tribe Tech 0.01 -17% 2,210,437 $4,519,458 ADG Adelong Gold Limited 0.005 -17% 18,056,840 $6,707,934 TTI Traffic Technologies 0.005 -17% 5,563,623 $5,546,989 DTR Dateline Resources 0.011 -15% 11,908,443 $18,948,110 HPC Thehydration 0.011 -15% 620,690 $3,963,870
TRADING HALTS
HeraMED (ASX:HMD) – pending an announcement by HeraMED regarding termination of a US Partnership.
Lodestar Minerals (ASX:LSR) – pending an announcement in relation to the pricing of a recently announced entitlements issue.
Prime Financial Group (ASX:PFG) – pending the expected release of an announcement relating to proposed non-renounceable entitlement offer and acquisition.
Life360 (ASX:360) – pending an announcement to the market in relation to a proposed US IPO.
Southern Hemisphere Mining (ASX:SUH) ) – pending an announcement regarding a capital raising.
Everest Metals Corporation (ASX:EMC) – pending an announcement by EMC in relation to a capital raising.
Jameson Resources (ASX:JAL) – pending an announcement of a two-tranche equity securities issue.
Viva Leisure (ASX:VVA) – pending an announcement about a proposed capital raising and acquisition.
Stavely Minerals (ASX:SVY) – pending an announcement regarding a capital raising.
Tivan (ASX:TVN) – pending the release of an announcement of a Strategic Alliance for the Speewah Fluorite Project.
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