Good morning everyone, and welcome to 17 June, 2024 – an important day in the history of the world for a super scary, creepy reason.
On this day in 1462, Vlad III (aka Dracula), tried to assassinate Sultan Mehmed II in Wallachia – which was a region of southern Romania, and not to be confused with Wallacia, which is a suburb of Sydney and former home of El Cabalo Blanco, the site of the finest dancing Andalusian stallion show that 1980s Australia could have expected for the $22 it cost for a family of four to get in, even though that was quite a bit of money back then.
But I digress… because Vlad III (aka Dracula) was really keen to kill Mehmed II with his own hands, and his plot to assassinate him was meticulously planned – but fell apart, when Vlad II (aka, etc) discovered that he wasn’t all that great with a sword.
Vlad II (etc) escaped to Hungary, where he was inspired by a local stakeholder (sorry) to give a new method of murdering a try – and the legend of Vlad the Impaler (aka Vlad II (etc)) was born.
Luckily for you, you won’t need to die at the hands of a bloodthirsty monster to get what you need before the market opens today.
Eddy Sunarto’s got a great explainer on the P/CF ratio, including what it is and why I should probably already have known that, and – as always – I’ve thrown 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$2,317.72 (+0.56%)
Silver: US$29.07 (+0.18%)
Nickel (3mth): US$17,536/t (+0.16%)
Copper (3mth): US$9,774/t (+0.43%)
Zinc: US$2,808/t (-1.15%)
Oil (WTI): US$78.27 (-0.44%)
Oil (Brent): US$82.55 (-0.15%)
Iron 62pc Fe: US$107.12/t (+0.65%)
AUD/USD: 0.6612 (-0.19%)
Bitcoin: US$67,023.50 (+0.43%)
WHAT GOT YOU TALKING
I think it’s pretty clear that Rob Badman reckons you should read this thing about gold that he wrote… or the bear gets it.
The price of #gold is clinging to crucial support levels as we close out a topsy-turvy week for precious metal commodities. https://t.co/SNyg2cFYro
— Stockhead (@StockheadAU) June 14, 2024
FRIDAY’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 TD1 Tali Digital Limited 0.002 100% 270,162 $3,295,156 BCT Bluechiip Limited 0.005 67% 2,877,901 $3,302,300 G50 G50Corp Ltd 0.163 35% 280,299 $13,114,800 ENT Enterprise Metals 0.004 33% 247,952 $2,654,163 RAU Resouro Strategic 0.645 29% 713,912 $0 CCO The Calmer Co Int 0.009 29% 7,429,718 $9,669,130 SUM Summitminerals 0.370 28% 6,552,143 $16,487,117 OAU Ora Gold Limited 0.005 25% 7,116,524 $28,564,639 TMR Tempus Resources Ltd 0.005 25% 7,114,494 $2,923,995 TX3 Trinex Minerals Ltd 0.003 25% 1,700,000 $3,657,305 NUC Nuchev Limited 0.135 23% 14,500 $9,902,963 RCR Rincon 0.080 21% 8,982,455 $19,028,175 AMD Arrow Minerals 0.003 20% 8,671,143 $26,348,413 EVR Ev Resources Ltd 0.006 20% 3,976,388 $6,606,357 POS Poseidon Nick Ltd 0.006 20% 1,993,886 $18,567,674 PRX Prodigy Gold NL 0.003 20% 1,097,663 $5,294,436 PGO Pacgold 0.130 18% 395,331 $9,255,998 NSB Neuroscientific 0.040 18% 288,277 $4,916,566 AQX Alice Queen Ltd 0.007 17% 1,746,639 $4,145,940 CE1 Calima Energy 0.007 17% 20,396,198 $3,798,485 DOU Douugh Limited 0.004 17% 240,280 $3,246,207 WML Woomera Mining Ltd 0.004 17% 689,599 $3,654,417
Enterprise Metals (ASX:ENT) was up sharply this morning, with the company in the middle of an entitlement offer to raise approximately $1.42 million (before costs), at a price of $0.004 per new share, and a $0.006 per share option expiring in two years, for eligible shareholders. Any remainders will form part of a top-up offer.
Resouro Strategic Metals (ASX:RAU) made its debut on the ASX, zipping out to a 30% gain before closing the day around +3% higher.
Tempus Resources (ASX:TMR) completed the acquisition of the Prescott copper and base metals project, ~100km from American West Metals’ (ASX:AW1) Storm project (17.5 Mt @ 1.2% copper and 3.4g/t silver) in Canada. Investors/shareholders rated this news, to the tune of 25% intraday, and counting. A large airborne geophysical survey is reportedly already underway at the Prescott op, which is scheduled to wrap up in mid-July. And this will be followed by a detailed geochemical mapping program, notes the company.
And Pearl Gull Iron (ASX:PLG) was soaring after announcing it’s farming into an an early stage clay rare earths project in Chile, having made strategic acquisition of Huemul Holdings. This will see the company earn up to an 80% interest in NeoRe SpA’s La Marigen project, which is located in a highly prospective area for ionic adsorption clay REE in Chile. The project covers five tenements across a vast area – some 228km2 – and is situated in an underexplored mineralisation belt.
FRIDAY’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 AXP AXP Energy Ltd 0.001 -50% 3,888,890 $11,649,361 AUK Aumake Limited 0.002 -33% 133,042 $5,743,220 JAY Jayride Group 0.012 -29% 168,695 $4,017,255 AVE Avecho Biotech Ltd 0.003 -25% 145,000 $12,677,188 PUR Pursuit Minerals 0.003 -25% 3,176,831 $11,775,886 VML Vital Metals Limited 0.003 -25% 764,902 $23,580,268 VPR Voltgroupltd 0.002 -25% 198,199 $21,432,416 NWF Newfield Resources 0.105 -25% 34,991 $131,698,408 HHR Hartshead Resources 0.007 -22% 4,889,424 $25,278,139 MSI Multistack Internat. 0.007 -22% 2,200 $1,226,735 WBE Whitebark Energy 0.011 -21% 1,263,278 $2,688,005 CRR Critical Resources 0.008 -20% 819,682 $17,803,503 MCT Metalicity Limited 0.002 -20% 4,091,567 $11,214,632 SIH Sihayo Gold Limited 0.002 -20% 6,666 $30,510,640 HXG Hexagon Energy 0.014 -18% 570,450 $8,719,570 1MC Morella Corporation 0.003 -17% 3,182,455 $18,536,398 BXN Bioxyne Ltd 0.005 -17% 8,693,300 $12,279,872 ESR Estrella Res Ltd 0.005 -17% 720,890 $10,556,231 HCT Holista CollTech Ltd 0.005 -17% 115,549 $1,672,800 LPD Lepidico Ltd 0.003 -17% 982,801 $25,767,358 TTI Traffic Technologies 0.005 -17% 129,400 $5,837,311 BCC Beam Communications 0.130 -16% 22,743 $13,395,398 OPT Opthea Limited 0.375 -16% 4,496,391 $296,098,821 APL Associate Global 0.105 -16% 142,168 $7,061,553 AX8 Accelerate Resources 0.042 -16% 395,506 $31,037,697
TRADING HALTS
NeuRizer (ASX:NRZ) – pending an announcement regarding an ASX Price Query.
PPK Group (ASX:PPK) – pending an announcement regarding an impending decision of the Supreme Court of New South Wales in the matter of Flynn & Anor v PPK Group Limited & Anor.
Emmerson Resources (ASX:ERM) – pending an announcement in relation to a material update on the timing of our joint venture partner’s mill construction at Tennant Creek.
Corazon Mining (ASX:CZN)– pending an announcement regarding a capital raising.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
