Good morning everyone, and welcome to 15 July, 2024 – an important date in the history of making sure that everyone in both families is cool that two people are getting hitched.
That’s because it was on this day in 1500 that Astorre Baglione and Lavinia Colonna were supposed to get married, with a big ceremony planned in the city of Perugia, in central Italy.
The fact that it’s being mentioned here is a good indication that the bride and groom’s Big Day didn’t quite go as planned, after some of the more junior members of the Baglione family decided to use the wedding as the perfect excuse to ‘clean house’.
Led by Grifonetto Baglioni, a small group descended on the wedding and – in true Game of Thrones style – put about 200 members of the Baglione family to the sword.
The groom, Astorre, was singled out and brutalised, with an account of the massacre claiming that one of the attackers removed Astorre’s heart from his chest, and took a bite out of it, which I think we can all agree is super-gross and totes unnecessary.
Anyway – luckily for you, you won’t need to massacre 200 members of your own family 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$2,411.11 (-0.20%)
Silver: US$30.77 (-1.98%)
Nickel (3mth): US$16,856/t (+0.28%)
Copper (3mth): US$9,695/t (-0.68%)
Zinc: US$2,934/t (-0.54%)
Oil (WTI): US$82.10 (-0.50%)
Oil (Brent): US$85.03 (-0.43%)
Iron 62pc Fe: US$109.58/t (-1.55%)
AUD/USD: 0.6780 (+0.03%)
Bitcoin: US$59,917.80 (+0.97%)
WHAT GOT YOU TALKING
Catch up on all the Small Caps action from last week, which I’d love you to read because I spent ages putting it together…
The #ASX 200 on track for a 1.6pc win for the week
Great week to be holding the goldies, up +7.6pc
Who won the #SmallCaps race?https://t.co/oXi6PC0sa5
— Stockhead (@StockheadAU) July 12, 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 Company Price % Volume Market Cap MSG Mcs Services Limited 0.002 100% 611,513 $198,100 WML Woomera Mining Ltd 0.003 50% 1,438,263 $2,436,278 NSM Northstaw 0.016 45% 30,000 $1,538,634 3DP Pointerra Limited 0.064 36% 13,647,340 $37,838,609 EXL Elixinol Wellness 0.004 33% 151,926 $3,963,547 JNO Juno 0.03 30% 191,465 $4,184,741 EXT Excite Technology 0.009 29% 8,675,485 $10,179,692 AHN Athena Resources 0.0025 25% 1,000,000 $2,140,935 ALR Altairminerals 0.005 25% 9,795,134 $17,186,310 ME1 Melodiol Glb Health 0.0025 25% 418,122 $612,527 INV Investsmart Group 0.13 24% 73,000 $14,980,401 MLM Metallica Minerals 0.027 23% 3,790,762 $21,118,326 MDI Middle Island Res 0.017 21% 2,174,403 $3,049,956 OD6 Od6Metalsltd 0.052 21% 157,843 $5,533,677 RWD Reward Minerals Ltd 0.054 20% 154,235 $10,253,391 M2M Mtmalcolmminesnl 0.036 20% 1,624,704 $6,749,269 EVR Ev Resources Ltd 0.006 20% 2,273,464 $6,606,357 RNX Renegade Exploration 0.012 20% 5,193,934 $12,800,534 IMM Immutep Ltd 0.35 19% 16,236,423 $428,520,626 SKS SKS Tech Group Ltd 1.355 18% 719,050 $128,010,261 SNX Sierra Nevada Gold 0.039 18% 234,370 $3,150,029 DTI DTI Group Ltd 0.013 18% 250,000 $4,934,066 LYN Lycaonresources 0.36 18% 1,382,371 $16,160,371 NGX Ngxlimited 0.165 18% 104,545 $12,685,658 ZLD Zelira Therapeutics 0.71 17% 20,583 $6,865,029
Small Cap Winners included:
A late mover on Friday was Pearl Gull, which has found a circuitous route to securing some Ionic Absorption Clays (IAC) and Rare earths (REEs) farm-in agreement – potentially tapping into some tasty REEs out of the emerging IAC REE province on the coastal belt of Chile.
Pearl Gull Iron (ASX:PLG) says it’s struck a deal to acquire a company called Huemul and it says Huemul has just struck a deal (and is negotiating a further deal) to earn up to an 80% interest in a company called NeoRe SpA.
This NeoRe SpA holds tenements and tenement applications in Chile, “highly prospective” for IACs and REEs – known as the La Marigen.
PLG says Project La Marigen has 5 tenement and tenement applications covering a combined area of ~22,800ha along the prospective coastal belt.
Up about 23% is the Aussie biotech Immutep (ASX:IMM), which has dropped some positive results from its Efti drug combination study with Merck & Co’s anti-PD-1 therapy KEYTRUDA, as a first-line treatment for head and neck cancers. IMM says its Efti combination got the highest recorded positive response for a treatment approach not containing chemotherapy.
IMM says that based on the “encouraging results and high unmet medical need,” it will discuss the next step forward with regulators.
A surprise winner among the Aussie mid caps is fashion web retailer Cettire (ASX:CTT).
CTT has shaken off some of the recent short-selling interest it’s been attracting, up a chunky 25% after earlier this week welcoming investment banker Jon Gidney to the Board.
The stock is still down about 40% year-to-date.
Investsmart (ASX:INV) is having a great Friday, the wealth platform dropping some encouraging numbers in a business update despite tricky conditions.
The company delivered an operating profit for the fourth quarter after rationalising it’s cost base. Shares have kicked about 25% higher.
SKS Technologies (ASX:SKS) has lifted forward guidance for FY25, expecting total annual revenue at circa $200+ million.
CEO Matthew Jinks says the boost is based on “continually accelerating level of work on hand and the recently announced $90+ million project for an international hyperscale data centre project in Melbourne.”
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 Company Price % Volume Market Cap TAS Tasman Resources Ltd 0.003 -40% 28,125 $3,563,346 IBG Ironbark Zinc Ltd 0.003 -25% 1,001,830 $6,770,290 CAV Carnavale Resources 0.004 -20% 300,000 $17,117,759 HLX Helix Resources 0.002 -20% 5,370,000 $8,160,484 MEL Metgasco Ltd 0.004 -20% 2,527,601 $7,237,934 SMM Somerset Minerals 0.004 -20% 64,000 $5,154,994 VRC Volt Resources Ltd 0.004 -20% 252,588 $20,793,391 TON Triton Min Ltd 0.009 -18% 19,118 $17,252,276 TM1 Terra Metals Limited 0.086 -18% 26,237,448 $38,259,763 AVE Avecho Biotech Ltd 0.0025 -17% 2,334,531 $9,507,891 RNE Renu Energy Ltd 0.005 -17% 1,565,992 $4,356,804 FFF Forbidden Foods 0.011 -15% 18,571 $2,953,905 PTL Prestal Holdings Ltd 0.14 -15% 2,508,910 $28,124,709 PTR Petratherm Ltd 0.023 -15% 75,157 $6,110,636 SMS Starmineralslimited 0.029 -15% 279,911 $2,880,575 ASR Asra Minerals Ltd 0.006 -14% 3,502,154 $14,252,555 ECG Ecargo Hldg 0.006 -14% 410,839 $4,306,750 OVT Ovanti Limited 0.006 -14% 18,091,737 $8,680,738 TYX Tyranna Res Ltd 0.006 -14% 466,075 $23,015,477 VML Vital Metals Limited 0.003 -14% 346,574 $20,632,734 DRX Diatreme Resources 0.019 -14% 6,995,165 $82,054,701 HE8 Helios Energy Ltd 0.026 -13% 12,195 $78,121,483 ALY Alchemy Resource Ltd 0.007 -13% 16,643 $9,424,610 AQX Alice Queen Ltd 0.007 -13% 8,423 $9,175,121 H2G Greenhy2 Limited 0.007 -13% 2,195,124 $4,785,473
TRADING HALTS
Althea Group (ASX:AGH) – pending the release of an announcement regarding a capital raise.
Argent Biopharma (ASX:RGT) – pending the release of an announcement regarding a capital raising.
Norwest Minerals (ASX:NWM) – pending the release of an announcement regarding a capital raise.
Investigator Resources (ASX:IVR) – pending exploration drilling results under the Stuart Shelf Joint Venture.
Freehill Mining (ASX:FHS) – pending an announcement to ASX in connection with capital raising activities.
Augustus Minerals (ASX:AUG) – pending the release of an announcement regarding a capital raise.
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