On Stockhead today, is it time to love these sold-off iron ore stocks again, is Magellan doomed to life all at sea, and are you wearing appropriate bathing attire?
But first, the day ahead.
TRADING HALTS
The following companies went into trading halts yesterday and are expected out in the next few days:
Classic Minerals (ASX:CLZ) – Government approval for the Kat Gap processing plant
Globe Metals & Mining (ASX:GBE) – Capital raise
Orbital Corporation (ASX:OEC) – Capital raise
South Harz Potash (ASX:SHP) – Capital raise
WA1 Resources (ASX:WA1) – More results on the way
Magmatic Resources (ASX:MAG) – Capital raise
Southern Gold (ASX:SAU) – Capital raise
The GO2 People (ASX:GO2) – Capital raise
Zenith Minerals (ASX:ZNC) – “Significant lithium drill results” on the way from its Split Rocks project
Burley Minerals (ASX:BUR) – Acquisition
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: $US1,757.89 (-0.74%)
Silver: $US21.45 (-1.02%)
Nickel (3mth): $US25,949/t (+5.11%)
Copper (3mth): $US8,492.5/t (+2.67%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 9): $US76,025/t (+1.7% weekly, +125.8% year-to-date)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 9): $US75,275/t (+1.9% weekly, +169.2% year-to-date)
Oil (WTI): $US87.77 (-1.33%)
Oil (Brent): $US95.16 (-0.89%)
Iron 62pc Fe: $US93.50 (+4.47%)
AUD/USD: 0.6676 (-0.46%)
Bitcoin: $US16,738.00 (+2.22%)
WHAT GOT YOU TALKING YESTERDAY?
Iron ore prices have surged on the back of some early signs that China will wind back its regressive Covid containment policies, which have cruelled demand for metals in 2022.
Iron ore prices have surged today after Chinese authorities delivered support for property developers and took a first step in shifting its hardline Covid Zero policy: https://t.co/RbTQdQEI99
— Stockhead (@StockheadAU) November 14, 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 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 Company Price % Volume Market Cap ICN Icon Energy Limited 0.012 71% 2,825,873 $5,376,096 ANL Amani Gold Ltd 0.0015 50% 279,986 $23,693,441 TCG Turaco Gold Limited 0.068 39% 318,293 $20,958,117 IVZ Invictus Energy Ltd 0.33 38% 66,493,715 $210,326,062 TMB Tambourah Metals 0.205 32% 11,267,335 $6,384,853 NGY Nuenergy Gas Ltd 0.021 31% 1,254,003 $23,695,288 LDX Lumos Diagnostics 0.05 25% 844,289 $8,396,258 AQX Alice Queen Ltd 0.0025 25% 491,000 $4,400,500 AUK Aumake Limited 0.005 25% 19,618,788 $3,085,788 DW8 DW8 Limited 0.0025 25% 1,769,312 $5,903,045 GMN Gold Mountain Ltd 0.01 25% 13,689,153 $11,865,193 PVE Po Valley Energy Ltd 0.068 24% 577,330 $63,102,889 CUL Cullen Resources 0.016 23% 862,326 $6,339,115 RIE Riedel Resources Ltd 0.011 22% 359,250 $11,985,364 EMH European Metals Hldg 0.95 22% 181,147 $92,881,841 NET Netlinkz Limited 0.034 21% 13,369,872 $91,669,472 SPT Splitit 0.15 20% 4,833,206 $66,501,694 BPP Babylon Pump & Power 0.006 20% 1,933,993 $12,288,857 DDT DataDot Technology 0.006 20% 572,314 $6,219,347 SIS Simble Solutions 0.013 18% 590,948 $4,700,661 WC1 West Cobar Metals 0.23 18% 325,769 $13,601,265 GGE Grand Gulf Energy 0.02 18% 5,738,684 $26,292,381 G50 Gold50Limited 0.2 18% 128,452 $9,680,310 BBX BBX Minerals Ltd 0.076 17% 2,622,433 $31,636,896 TYM Tymlez Group 0.021 17% 1,401,948 $17,808,573
The chances of a major discovery are increasing after Invictus Energy (ASX:IVZ) hit elevated gas shows and fluorescence in its Upper Angwa primary target.
Rock chip sampling has uncovered lithium-prospective pegmatites over 8m high and 500m long at Tambourah Metals’ (ASX:TMB) RJ 101 project.
Green tech stock Tymlez (ASX: TYM) is raising $2m at an 11% premium “to pursue revenue-generating client contracts and continue the development of the company’s technology”.
Gold 50 (ASX:G50) is now drilling the “largely untested” Golconda project in Arizona.
Brazilian gold play BBX (ASX:BBX) has struggled with “complex” mineralisation at its Tres Estados and Ema precious metals projects for years.
The gold + PGEs mineralisation is weird, confusing and hard to assay and extract, leading to some tussles with the ASX.
But some initial bioleaching test results announced yesterday were a success, showing a significant increase in gold, platinum, palladium, iridium, and rhodium.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Here are the least performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap ALY Alchemy Resource Ltd 0.029 -34% 87,948,650 $51,615,355 AO1 Assetowl Limited 0.001 -33% 10,000 $2,358,195 ARE Argonaut Resources 0.002 -33% 62,484,612 $19,085,614 GGX Gas2Grid Limited 0.001 -33% 10,491 $6,087,153 MEB Medibio Limited 0.001 -33% 200,000 $4,980,891 NZS New Zealand Coastal 0.003 -25% 1,501 $4,508,020 TD1 Tali Digital Limited 0.003 -25% 4,436,103 $4,930,522 TSC Twenty Seven Co. Ltd 0.0015 -25% 2,805,032 $10,643,256 AFA ASF Group Limited 0.04 -23% 1,721 $41,213,836 ELD Elders Limited 10.21 -23% 7,991,808 $2,073,314,606 CAU Cronos Australia 0.58 -23% 2,587,929 $416,110,482 NKL Nickelxltd 0.105 -22% 4,895,859 $10,569,441 FNX Finexia Financial 0.055 -20% 14,591 $11,185,390 GCR Golden Cross 0.008 -20% 46,056 $10,972,561 DUN Dundas Minerals 0.39 -18% 488,539 $19,116,019 NUC Nuchev Limited 0.185 -18% 30,445 $11,642,490 TGH Terragen 0.099 -18% 45,400 $23,282,308 GLV Global Oil & Gas 0.0025 -17% 821,683 $5,620,064 OAR OAR Resources Ltd 0.005 -17% 1,500 $13,266,227 LRL Labyrinth Resources 0.016 -16% 838,435 $16,593,968 AN1 Anagenics Limited 0.027 -16% 91,035 $7,072,682 8VI 8Vi Holdings Limited 0.71 -14% 100 $35,176,580 BTR Brightstar Resources 0.018 -14% 179,030 $15,130,450 CFO Cfoam Limited 0.003 -14% 395,736 $2,568,442 DVL Dorsavi Ltd 0.012 -14% 40,000 $6,090,087
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
