Rise and Shine: Everything you need to know before the ASX opens

Estimated read time 4 min read

Today on Stockhead, Tim “Not a Doctor” Boreham delves into the paediatric pot-stock Neurotech, the oh-so-clever but sadly Freo-supporting Jess Cummins looks at micro-caps with major support, and the delightfully hamster-cheeked Christian Edwards has caught up with James Whelan.

But first…

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,323.50 (+0.07%)

Silver: US$29.60 (+0.18%)

Nickel (3mth): US$16,535/t (+4.17%)

Copper (3mth): US$9,680/t (-1.81%)

Zinc: US$2,860/t (+0.56%)

Oil (WTI): US$80.97 (+0.47%)

Oil (Brent): US$85.47 (+0.47%)

Iron 62pc Fe: US$106.96/t (-0.18%)

AUD/USD: 0.6643 (+0.03%)

Bitcoin: US$61,335.40 (-4.63%)

 

WHAT GOT YOU TALKING

All the PLS validation you needed:

#Lithium miner Pilbara Minerals is still a buy: Jarden analysts led by Ben Lyons. https://t.co/LQu9QSoDTt

— Stockhead (@StockheadAU) June 24, 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 ENR Encounter Resources 0.630 83% 12,684,148 $155,276,929 ICR Intelicare Holdings 0.015 67% 5,506,977 $2,113,420 KPO Kalina Power Limited 0.005 50% 9,926,863 $7,459,182 BFC Beston Global Ltd 0.003 50% 4,440,159 $3,994,094 YPB YPB Group Ltd 0.003 50% 333,333 $1,615,923 MOH Moho Resources 0.005 43% 21,240,553 $1,887,124 BUR Burleyminerals 0.140 43% 314,016 $14,736,353 RWD Reward Minerals Ltd 0.033 38% 298,129 $5,468,475 AD1 AD1 Holdings Limited 0.008 33% 370,000 $5,391,890 MRQ Mrg Metals Limited 0.004 33% 75,311,562 $7,575,356 PTR Petratherm Ltd 0.020 25% 578,164 $3,596,018 NAG Nagambie Resources 0.011 22% 363,636 $7,169,721 PPK PPK Group Limited 0.470 21% 149,751 $34,642,330 AIV Activex Limited 0.006 20% 818 $1,077,513 SFG Seafarms Group Ltd 0.003 20% 3,209,377 $12,091,498 CLA Celsius Resource Ltd 0.013 18% 23,747,986 $26,707,040 EQS Equitystorygroupltd 0.026 18% 234,250 $2,397,856 WMG Western Mines 0.405 17% 98,167 $26,223,858 MYR Myer Holdings Ltd 0.755 17% 7,345,061 $536,527,951 AKN Auking Mining Ltd 0.021 17% 333,728 $4,776,367 CZN Corazon Ltd 0.007 17% 653,608 $3,693,587 ECT Env Clean Tech Ltd. 0.004 17% 357,992 $9,515,431 EXL Elixinol Wellness 0.004 17% 296,205 $3,963,547 IPB IPB Petroleum Ltd 0.007 17% 1,694,317 $4,238,418

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Niobium has had a close encounter with Encounter Resources (ASX:ENR).

ENR says it has drilled itself right into some yummy thick, high-grade A1 niobium at the (not Simon) Crean carbonatite thingy which is a part of the Aileron project in the sexy West Arunta region of West Grunter (Australia).

Highlights include 52m at 3% Nb2O5 from 81m to end of hole,  including 16m at 6% Nb2O5.

The iron ore and lithium explorer Burley Minerals (ASX:BUR) has jumped on news veteran cap markets exeuctive Dan Bahen is joining the BUR Board as non-executive chairman.

Dan has a bunch of experience – over 23 years of capital markets, commercial and finance – including 22 years with Paterson Securities and then Canaccord Genuity.

And Reward Minerals (ASX:RWD) says that the International Preliminary Examining Authority has provided a positive Preliminary Report on the “Patentability” of its processing technology for recovery of Potassium Sulphate (K2SO4 or SOP) directly from concentrated seawater and other high-sulphate brines.

Finally, hats off to Myer (ASX:MYR) which is up about 17% to end a fine Monday.

Myer shares surged on the news it was exploring a merger with Apparel Brands – which boasts retail brands like Portmans, Dotti, Just Jeans and Jay Jays.

 

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 OAR OAR Resources Ltd 0.001 -50% 176,524 $6,444,200 CTT Cettire 1.155 -48% 24,360,012 $853,973,613 CCX City Chic Collective 0.125 -40% 24,268,224 $58,130,770 BGE Bridgesaaslimited 0.012 -40% 32,400 $2,387,941 1TT Thrive Tribe Tech 0.003 -38% 21,668,576 $1,506,486 AUK Aumake Limited 0.002 -33% 160,000 $5,743,220 LPD Lepidico Ltd 0.002 -33% 1,725,086 $25,767,358 MTL Mantle Minerals Ltd 0.002 -33% 697,920 $18,592,338 PRX Prodigy Gold NL 0.002 -33% 20,106,000 $6,353,323 MTM MTM Critical Metals 0.033 -27% 816,019 $12,649,808 DEL Delorean Corporation 0.032 -26% 311,528 $9,275,999 CLZ Classic Min Ltd 0.002 -25% 123,098,120 $1,102,057 EDE Eden Inv Ltd 0.002 -25% 2,087,565 $7,356,542 ERL Empire Resources 0.003 -25% 150,000 $5,935,653 FTC Fintech Chain Ltd 0.006 -25% 8,047 $5,206,157 RIL Redivium Limited 0.003 -25% 1,166,235 $10,923,419 VPR Voltgroupltd 0.002 -25% 3,170 $21,432,416 BNL Blue Star Helium Ltd 0.007 -22% 13,989,786 $17,480,388 AML Aeon Metals Ltd. 0.006 -21% 2,282,334 $7,674,804 IMI Infinitymining 0.015 -21% 135,593 $2,256,314 ADD Adavale Resource Ltd 0.004 -20% 825,728 $5,201,327 BLZ Blaze Minerals Ltd 0.004 -20% 1,284,275 $3,142,791 BUY Bounty Oil & Gas NL 0.004 -20% 2,002,686 $7,492,505 CDT Castle Minerals 0.004 -20% 349,455 $6,122,465

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TRADING HALTS 

Paladin Energy (ASX:PDN) – pending an announcement by the Company relating to a capital raising.

ANNND…

… Stockhead halts very briefly at about 3pm this afternoon, Launceston time, to say a teary-eyed, but immensely fond farewell to a true Stockhead legend – our esteemed editor Peter Farquhar, and the author of today’s Rise and Shine markets update. (The informative little thing you just read – above.) 

Well played, Farkers. We salute you, and all the very best with your future endeavours.

 

The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.

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