Good morning everyone, and welcome to 12 July, 2024 – an important day in the history of being not even remotely the first European to find Australia.
That’s because it was on this day in 1771 that Captain James Cook returned to England after a two-year voyage around the Pacific Ocean to allow for a clean-up crew to scrub The Endeavour and re-stock the all-you-can-eat buffet ahead of another journey south.
Oddly enough, it was on this day in 1776 that Cook left England again, on the same boat with quite a few of the same people on board, for his third and final cruise among the Pacific islands.
This time round, he did “discover” Australia in the face of some people who were clearly already living here – and then sailed off over the horizon again, only to die at the hands of some far more angry Hawaiian locals in 1779.
Years later the salty sea dog’s statue suffered a similar fate at the hands of some St Kilda locals.
Luckily for you, you don’t need to leave a complicated colonial legacy in order to get your hands on the info you need today because – 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$2,379.31/oz (+0.27%)
Silver: US$30.98/oz (+0.39%)
Nickel (3mth): US$16,891/t (-1.46%)
Copper (3mth): US$9,695/t (-0.68%)
Zinc: US$2,976/t (+0.37%)
Oil (WTI): US$82.62/bbl (+0.63%)
Oil (Brent): US$85.70/bbl (+0.74%)
Iron 62pc Fe: US$108.74/t (-1.60%)
AUD/USD: 0.6756 (+0.02%)
Bitcoin: US$57,982.10 (+0.47%)
WHAT GOT YOU TALKING
It was a big day for a handful of our Small Caps Resources stocks yesterday – here’s a quick wrap of how things were going, in case you missed all the fun.
Here are the biggest #ASX #SmallCap #resources winners in morning trade, Thursday, July 11. Prices accurate at time of writing. $AUG $LIT $C7A $SVG $ADD https://t.co/8Rwb6fxFS3
— Stockhead (@StockheadAU) July 11, 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 Company Price % Volume Market Cap AUG Augustus Minerals 0.093 144.7 28,605,837 $3,244,060 SHO Sportshero Ltd 0.005 66.7 1,833,796 $1,853,499 SVG Savannah Goldfields 0.036 56.5 818,055 $6,464,953 C7A Clara Resources 0.017 54.5 11,154,244 $2,201,529 AVE Avecho Biotech Ltd 0.003 50.0 594,397 $6,338,594 PRX Prodigy Gold NL 0.003 50.0 102,333 $4,235,549 RNE Renu Energy Ltd 0.006 50.0 336,281 $2,904,536 TD1 Tali Digital Limited 0.0015 50.0 109,537 $3,295,156 SM1 Synlait Milk Ltd 0.34 47.8 821,521 $50,273,782 LSA Lachlan Star Ltd 0.067 36.7 601,178 $10,171,087 ALY Alchemy Resource Ltd 0.008 33.3 642,927 $7,068,458 IBG Ironbark Zinc Ltd 0.004 33.3 9,878,338 $5,077,718 JAV Javelin Minerals Ltd 0.002 33.3 12,814,782 $4,688,164 RWD Reward Minerals Ltd 0.045 28.6 99,994 $7,974,860 ASN Anson Resources Ltd 0.16 28.0 10,207,947 $161,316,026 LIT Lithium Australia 0.023 27.8 12,036,055 $22,001,250 SLM Solismineralsltd 0.145 26.1 1,711,067 $8,849,718 ZLD Zelira Therapeutics 0.605 26.0 24,957 $5,446,634 NPM Newpeak Metals 0.017 25.9 1,917,006 $2,037,569 NUC Nuchev Limited 0.27 25.6 40,785 $31,462,950 XPN Xpon Technologies 0.015 25.0 1,667,766 $4,349,298 ADD Adavale Resource Ltd 0.005 25.0 3,580,088 $4,261,061 HLX Helix Resources 0.0025 25.0 687,668 $6,528,387 MRR Minrex Resources Ltd 0.01 25.0 4,053,926 $8,678,940 RLG Roolife Group Ltd 0.005 25.0 7,500 $3,129,527
Yesterday’s Small Cap Winners included:
Augustus Minerals (ASX:AUG) was well out in front early on news of substantial fresh rock chips from its Ti-Tree project in the Gascoyne region, with chips coming in as high as 35% copper and 236g/t silver from rock chip assays at the company’s Tiberius prospect.
Savannah Resources (ASX:SVG) was up on news of the completion of the Share Purchase Agreement for the sale of Savannah’s remaining shareholding in Renison Coal, the entity that owns the Ashford Coking Coal Project, to Clara Resources.
Meanwhile, Clara Resources Australia (ASX:C7A) was up on news that it has sold its holding in LSE-listed First Tin via an Institutional Bookbuild conducted by UK-based Arlington Group at GBP£0.04 (picked up by Metals X (ASX:MLX) no less), to raise net proceeds of about A$4.3 million, settling on 12 July 2024.
Synlait Milk (ASX:SM1) was up on news that A2 Milk (ASX:A2M) is set to vote in favour of Synlait receiving a $130 million shareholder loan from Bright Dairy International Investment, a related company of Bright Dairy Holding, Synlait’s 39.01% shareholder.
Lithium Australia (ASX:LIT) moved higher on Thursday on news that its recycling operations have achieved maiden Operating Cash Profit in Q4 FY24, with the company now focused on growing that operating profit on a sustainable basis.
Adavale Resources (ASX:ADD) climbed on news that it’s all set to go drilling for uranium in South Australia, following the acquisition of 100% interests in tenement EL6553 from Kilonova Metals. The company is set to undertake 3,000m of drilling to test priority Marree Embayment targets at the site.
And Zelira Therapeutics (ASX:ZLD) was up on news that it has had a positive meeting with US FDA officials to discuss its HOPE autism drug program. Zelira says the meeting request was met with a prompt reply from the FDA, and that it is looking forward to receiving the official minutes of the meeting soon.
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 MSG Mcs Services Limited 0.001 -50.0 12,413,885 $396,199 OLH Oldfields Holdings 0.05 -43.8 56,179 $17,778,279 CMD Cassius Mining Ltd 0.006 -33.3 3,214,388 $4,878,040 88E 88 Energy Ltd 0.002 -33.3 7,617,878 $86,678,016 AXP AXP Energy Ltd 0.001 -33.3 165,122 $8,737,021 LSR Lodestar Minerals 0.001 -33.3 980,002 $3,035,096 MAY Melbana Energy Ltd 0.023 -28.1 68,272,152 $107,846,531 KLI Killiresources 0.087 -27.5 16,472,625 $14,426,849 APC Aust Potash Ltd 0.0015 -25.0 2,034,441 $8,040,379 EXL Elixinol Wellness 0.003 -25.0 943,671 $5,284,729 PKO Peako Limited 0.003 -25.0 49,701 $2,108,339 JAY Jayride Group 0.007 -22.2 205,744 $2,126,782 ALR Altairminerals 0.004 -20.0 519,628 $21,482,888 BYH Bryah Resources Ltd 0.004 -20.0 210,000 $2,516,434 LPD Lepidico Ltd 0.002 -20.0 1,701,000 $21,472,798 IAM Income Asset 0.067 -19.3 7,850 $27,462,278 JNO Juno 0.023 -17.9 607,660 $5,094,467 PRM Prominence Energy 0.005 -16.7 39,675 $1,868,258 TTI Traffic Technologies 0.005 -16.7 120,000 $5,837,311 BIT Biotron Limited 0.033 -15.4 6,152,454 $35,188,745 KGD Kula Gold Limited 0.011 -15.4 1,156,250 $8,036,755 CMP Compumedics Limited 0.29 -14.7 68,125 $60,235,402 FGH Foresta Group 0.006 -14.3 5,475,161 $16,487,653 LML Lincoln Minerals 0.006 -14.3 2,468,458 $14,393,317 TMK TMK Energy Limited 0.003 -14.3 650,000 $24,225,642
TRADING HALTS
Synlait Milk (ASX:SM1) – pending the outcome of the resolution put to shareholders at a special shareholders’ meeting.
Mineral Commodities (ASX:MRC) – pending an announcement regarding a developing maritime incident near the company’s Tormin Mineral Sands Project.
Cygnus Metals (ASX:CY5) – pending the release of an announcement regarding a capital raising.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
