Good morning and welcome to Thursday, the start of the downhill run into the weekend and the sweet, blessed embrace of having to do all that stuff you’ve been putting off “until the weekend”, so that you can put it off again because “my weekends are mine and I don’t want to deal with anything difficult, thankyouverymuch”.
It’s been a big week of data from the ABS so far, which – coupled with the RBA’s expected decision to keep rates on hold – has caused more than a ripple of volatility through local markets.
And today, we’re expecting the ABS to deliver its International Trade in Goods and Services report, which will give us more crucial insight into how our imports and exports are working, as well as a teensy window into the inner workings of our global neighbours as well.
But before that data bores you to sleep, we’ve got a ton of stuff for you to digest before the markets open here, including Guy le Page’s regular look at what’s shaking in the world of rocks. And this week it’s his worst case scenario for Chalice…
Plus, Christian’s had a chat with Morningstar’s Kingpin of Stock Study, Brian Han, for his $0.02 on what stocks are looking hot today, and Nadine McGrath’s penned a great piece on which Aussie finance providers make up the only 5 locals with B Corp certification.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,917.78 (-0.42%)
Silver: US$23.15 (-1.60%)
Nickel (3mth): US$20,535/t (-2.40%)
Copper (3mth): US$8,361.50/t (-1.48%)
Oil (WTI): US$87.75 (+1.22%)
Oil (Brent): US$90.77 (+0.82%)
Iron 62pc Fe: US$118.97/t (+1.57%)
AUD/USD: 0.6382 (+0.1%)
Bitcoin: US$25,740 (+0.07%)
WHAT GOT YOU TALKING
Our deep dive into how the ‘other’ battery metals are faring as China’s EV economy battles on had a lot of you swapping goss around the watercooler yesterday.
For all the talk of developing #supply chains outside #China, the #battery and #EV business is very much a China story for now. https://t.co/Nd7WwAJ5x1
— Stockhead (@StockheadAU) September 6, 2023
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 CCE Carnegie Cln Energy 0.002 100% 88,661,904 $15,642,574 LV1 Live Verdure Ltd 0.16 74% 1,060,624 $8,257,833 CT1 Constellation Tech 0.003 50% 200,000 $2,942,401 DXN DXN Limited 0.0015 50% 1,000,132 $1,723,340 WEL Winchester Energy 0.003 50% 62,975 $2,040,844 ADS Adslot Ltd. 0.004 33% 1,837 $9,799,853 EDE Eden Inv Ltd 0.004 33% 128,430 $8,990,911 ELE Elmore Ltd 0.004 33% 11,342,524 $4,198,151 BOA Boadicea Resources 0.046 31% 1,027,832 $4,308,161 AGD Austral Gold 0.031 29% 122,448 $14,695,472 KGL KGL Resources Ltd 0.14 27% 41,861 $62,402,105 AUN Aurumin 0.024 26% 810,593 $5,670,419 RDN Raiden Resources Ltd 0.035 25% 66,575,726 $64,102,075 BUX Buxton Resources Ltd 0.2 25% 4,210,700 $27,404,571 GES Genesis Resources 0.005 25% 40,150 $3,131,365 G50 Gold50Limited 0.18 24% 63,796 $15,515,104 PVW PVW Res Ltd 0.081 23% 45,986 $6,498,598 LVT Livetiles Limited 0.011 22% 930,552 $10,593,996 C29 C29Metalslimited 0.09 22% 539,481 $3,061,151 AUE Aurumresources 0.12 20% 100,359 $2,500,000 PFT Pure Foods Tas Ltd 0.12 20% 133,506 $10,999,502 AMD Arrow Minerals 0.003 20% 741,480 $7,559,413 LML Lincoln Minerals 0.006 20% 500,845 $7,103,559 PUA Peak Minerals Ltd 0.003 20% 333,628 $2,603,442 ID8 Identitii Limited 0.013 18% 5,900,795 $3,812,759
Yesterday’s Small Caps standouts were:
Absolute energy minnow Carnegie Clean Energy (ASX:CCE), has jumped on news that it’s inked a juicy contract with Ireland that will see its CETO wave energy tech installed there by mid-2025.
CCE says that its CETO Wave Energy Ireland (CWEI) subsidiary has been awarded a €3.75 million contract to build and operate a CETO wave energy converter at the Biscay Marine Energy Platform in the Basque Country, Spain and will deliver power to the grid.
The Consumer Cyclical company Live Verdure (ASX:LV1) has snagged commitments for a $1.68 million placement from new and existing sophisticated shareholders.
The funds raised will be used for “new product development, fund working capital requirements for large retail partnerships and to further accelerate the Company’s growth through investment in sales, marketing, and inventory initiatives,” LV1 says.
Elsewhere, Boadicea Resources (ASX:BOA) climbed on no news while a number of other goldies including Austral Gold (ASX:AGD) and Gold 50 (ASX:G50) are showing significant jumps as well, gold always being fun to watch.
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 Company Price % Volume Market Cap OLI Oliver’S Real Food 0.018 -25% 350,445 $10,577,566 AAU Antilles Gold Ltd 0.023 -21% 15,958,797 $17,119,660 ODY Odyssey Gold Ltd 0.02 -20% 728,039 $19,138,445 GTG Genetic Technologies 0.002 -20% 56,111 $28,854,145 BCT Bluechiip Limited 0.026 -19% 746,198 $22,837,455 HAL Halo Technologies 0.081 -17% 35,976 $12,690,531 BMR Ballymore Resources 0.1 -17% 433,731 $17,543,672 NRX Noronex Limited 0.0135 -16% 2,802,108 $6,052,828 XGL Xamble Group Limited 0.035 -15% 2,700 $11,650,406 1AD Adalta Limited 0.018 -14% 122,273 $9,272,052 AJL AJ Lucas Group 0.012 -14% 129,008 $19,260,215 MRI Myrewardsinternation 0.012 -14% 2,676,363 $5,828,873 SKN Skin Elements Ltd 0.006 -14% 582,950 $3,986,403 LDR Lode Resources 0.125 -14% 18,000 $15,483,701 EMP Emperor Energy Ltd 0.013 -13% 150,064 $4,032,937 DCN Dacian Gold Ltd 0.1 -13% 106,886 $139,932,108 RWD Reward Minerals Ltd 0.04 -13% 214,846 $10,481,244 EMT Emetals Limited 0.007 -13% 3,000,000 $6,800,000 LSR Lodestar Minerals 0.007 -13% 4,600,001 $14,867,179 FTL Firetail Resources 0.105 -13% 1,659,159 $11,550,000 EMD Emyria Limited 0.084 -13% 1,924,361 $29,601,534 FRS Forrestaniaresources 0.05 -12% 805,076 $5,343,733 CBH Coolabah Metals Limi 0.072 -12% 10,000 $4,739,600 ORA Orora Limited 2.89 -12% 29,982,313 $2,780,436,428 AJQ Armour Energy Ltd 0.115 -12% 15,017 $13,405,615
TRADING HALTS
Matsa Resources (ASX:MAT) – Pending an announcement in relation to a Feasibility Study for the Devon Joint Venture project.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
