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

Today on Stockhead, Michael Washbourne sat in a room with a bunch of uranium explorers and producers, and got their ideas on what our yellowcake-fuelled future looks like.

Eddy Sunarto got to work busting a few IPO investing myths.

And Nadine McGrath looks at the ASX fintechs leveraging AI to further disrupt the banking sector.

And this site is still free.

But first, to markets!

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,992.62 (+0.15%)

Silver: US$23.67 (+0.20%)

Nickel (3mth): US$16,435/t (-3.28%)

Copper (3mth): US$8,353.50/t (-1.13%)

Oil (WTI): US$76.125 (-1.11%)

Oil (Brent): US$80.13 (-2.23%)

Iron 62pc Fe: US$129.84/t (+0.00%)

AUD/USD: 0.6555 (+0.20%)

Bitcoin: US$37,250 (+1.20%)

WHAT GOT YOU TALKING

Nobody cares about your stoopid falling lithium prices.

#Lithium prices continue to fall, down ~75% year-to-date. Incredibly this hasn’t dampened company or punter interest in the #batterymetal. #ASX #resources https://t.co/fnPwqlXyCq

— Stockhead (@StockheadAU) November 23, 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 VPR Volt Power Group 0.0015 50% 147,375 $10,716,208 TAS Tasman Resources Ltd 0.007 40% 2,350,084 $3,563,346 AMM Armada Metals 0.055 38% 2,098,453 $6,902,723 AI1 Adisyn Ltd 0.026 37% 69,769 $2,655,960 AHN Athena Resources 0.004 33% 1,852,051 $3,211,403 MCT Metalicity Limited 0.002 33% 390,000 $6,376,629 SIH Sihayo Gold Limited 0.002 33% 20,000 $18,306,384 POD Podium Minerals 0.048 30% 441,871 $13,480,454 MKL Mighty Kingdom Ltd 0.018 29% 5,555 $5,885,174 SCT Scout Security Ltd 0.019 27% 185,196 $3,486,411 OLI Oliver’S Real Food 0.024 26% 286,650 $8,373,906 PKO Peako Limited 0.005 25% 1,477,680 $2,108,339 TMG Trigg Minerals Ltd 0.01 25% 749,937 $2,998,050 NSB Neuroscientific 0.071 25% 15,508 $8,242,478 CHM Chimeric Therapeutic 0.035 21% 50,555,692 $15,996,234 CAG Caperangeltd 0.12 20% 25,000 $9,490,830 TOR Torque Met 0.21 20% 3,014,653 $22,911,714 ASP Aspermont Limited 0.012 20% 4,179,864 $24,387,637 LVT Livetiles Limited 0.006 20% 33,667 $5,885,553 MOH Moho Resources 0.012 20% 8,357,498 $5,100,666 NGY Nuenergy Gas Ltd 0.024 20% 1,269,874 $29,619,110 SIT Site Group Int Ltd 0.003 20% 14,565,841 $6,506,226 VMS Venture Minerals 0.012 20% 3,253,095 $19,500,130 FL1 First Lithium Ltd 0.625 19% 890,743 $36,777,125 NWF Newfield Resources 0.13 18% 115,000 $97,025,197

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It was a big day for Armada Metals (ASX:AMM) because even though the price of Li2O has plunged circa three-quarters this year, it certainly hasn’t killed off enthusiasm in the battery metal.

Which leads us to AMM, which has picked up four early-stage lithium exploration projects for $150k cash and 26m shares in the emerging hard rock hub of Brazil.

“This is an exciting transaction for Armada as we diversify both geographically and into lithium, while remaining in the critical metals space,” chairman Rick Anthon says.

Reubs says the $10m capped stock almost recovered its year-to-date losses on the news. It had ~$2m in the bank at the end of September.

Moho Resources (ASX:MOH) charged ahead in early trade before going into a halt “pending the release of exploration results” at the King Charles rare earths (REE) project.

Peak Charles is an early stage clay-hosted REE project near Esperance, says Reuben, where Lord of the Rings inspired prospects like Gimli and Pippin “may indicate the presence of rare earth-enriched intrusions”.

A shallow 43 hole, 1670m drill program along road reserves and existing tracks has been completed, with assays pending.

The $5m capped stock is down 40% year-to-date.

Chimeric Therapeutics (ASX:CHM) and its lead CHM 1301 therapy found support – it was up a full third at the close, following some very positive preclinical data for the cell therapy player.

TODAY’S ASX SMALL CAP LAGGARDS

Here are the day’s worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap BP8 Bph Global Ltd 0.001 -50% 4,340 $3,231,126 ACM Aus Critical Mineral 0.185 -49% 4,964,804 $10,703,250 AYM Australia United Min 0.002 -33% 6,033 $5,527,732 APX Appen Limited 0.6125 -29% 8,961,076 $135,584,185 REZ Resourc & En Grp Ltd 0.011 -27% 1,309,852 $7,497,087 AVM Advance Metals Ltd 0.003 -25% 27,462 $2,889,387 ENT Enterprise Metals 0.003 -25% 300 $3,197,884 KPO Kalina Power Limited 0.004 -20% 751,981 $7,575,979 LSR Lodestar Minerals 0.004 -20% 44,937 $10,116,987 ODE Odessa Minerals Ltd 0.008 -20% 6,051,042 $9,471,118 BNZ Benzmining 0.295 -17% 10,369 $39,648,698 OZM Ozaurum Resources 0.15 -17% 5,560,789 $28,575,000 ESR Estrella Res Ltd 0.005 -17% 2,500 $10,554,431 ME1 Melodiol Glb Health 0.0025 -17% 4,326,622 $12,654,126 SFG Seafarms Group Ltd 0.005 -17% 883,654 $29,019,595 SKN Skin Elements Ltd 0.005 -17% 568,850 $3,536,917 PSQ Pacific Smiles Grp 0.905 -16% 2,902,888 $172,348,493 BMO Bastion Minerals 0.016 -16% 295,445 $3,973,950 14D 1414 Degrees Limited 0.055 -15% 81,841 $15,480,954 RDN Raiden Resources Ltd 0.051 -15% 72,928,513 $157,908,491 ACP Audalia Res Ltd 0.012 -14% 250,000 $9,689,907 CCO The Calmer Co Int 0.006 -14% 2,162,166 $5,719,835 INP Incentiapay Ltd 0.006 -14% 333,333 $8,855,445 OAU Ora Gold Limited 0.006 -14% 64,074,642 $39,355,173 VAL Valor Resources Ltd 0.003 -14% 39,231 $13,556,672

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TRADING HALTS

Mt Malcolm Mines (ASX:M2M) – Pending an announcement relating to the release of a proposed capital raise

Moho Resources (ASX:MOH) – Pending an announcement regarding the release of exploration results at the Company’s Peak Charles Project

Origin Energy (ASX:ORG) – Pending an announcement with an update in relation to the proposed acquisition of Origin by way of scheme of arrangement

Ballymore Resources (ASX:BMR) – Requested as BMR expects to announce a material financing transaction and an accelerated non-renounceable entitlement offer (ANREO)

Far (ASX:FAR) – Pending the release of information by the Company to the market relating to correspondence received overnight with respect to a potential tax claim from the Tax Authority of the Republic of Senegal regarding the sale by FAR of its interest in the RSSD Project in 2021

Cazaly Resources (ASX:CAZ) – Pending an announcement regarding a propsed equity raise

Botanix Pharmaceuticals (ASX:BOT) – Pending release of an announcement regarding a proposed capital raising

Senetas (ASX:SEN) – Pending release of an announcement regarding a proposed capital raising

Whitebark Energy (ASX:WBE) – Pending release of an announcement regarding a proposed capital raising

TG Metals (ASX:TG6) – Pending release of an announcement regarding a proposed capital raising

Brightstar Resources (ASX:BTR) – Pending release of an announcement regarding a proposed capital raising

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