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

Estimated read time 5 min read

Today on Stockhead, We meet the one real threat to the lithium battery future – sodium ion – it’s cheaper, safer, longer lasting, and better in cold temps than lithium-ion, but…

And we chat with Bell Direct’s Grady Wulff on why whatever just happened during Black Friday through Cyber Monday was so critical to ASX retailers.

But first, to markets!

 

TRADING HALTS

Krakatoa Resources (ASX:KTA) – Pending the announcement of a capital raising

Titan Minerals (ASX:TTM) – Pending an announcement regarding an accelerated non-renounceable entitlement offer

Aeris Resources (ASX:AIS) – Pending an announcement regarding a capital raising by way of an accelerated non-renounceable entitlement offer

Hancock & Gore (ASX:HNG) – Pending the announcement of a capital raising

Turaco Gold (ASX:TCG) – Pending the release of an announcement in relation to a capital raising

Adelong Gold (ASX:ADG) – Pending the release of an announcement in relation to a capital raising

Legacy Minerals Holdings (ASX:LGM) – Pending the release of an announcement in relation to a capital raising

Norfolk Metals (ASX:NFL) – Pending the release of an announcement in relation to a volume query from the ASX and a material acquisition

Power Minerals (ASX:PNN) – Pending clarification in relation to the PEA for the Rincon Salta Lithium Project

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

 

Gold: US$2,013.40  (+0.59%)

Silver: US$24.72 (+1.85%)

Nickel (3mth): US$16,138/t (-2.89%)

Copper (3mth): US$8,428.50/t (+0.23%)

Oil (WTI): US$75.02 (-0.69%)

Oil (Brent): US$79.98 (-0.74%)

Iron 62pc Fe: US$130.42/t (-0.37%)

AUD/USD: 0.6606 (+0.32%)

Bitcoin: US$36,985 (-1.98%)

 

WHAT GOT YOU TALKING

Cool gold out of Kula.

Kula Gold has wasted no time doubling the size of its drill program to 2,000m at the Cobra lithium prospect within its Kirup project in WA on the back of intriguing intriguing visuals.https://t.co/JIwbfSDUw6 #ad #ASX @KulaGold

— Stockhead (@StockheadAU) November 26, 2023

 

MONDAY’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 SHN Sunshine Metals Ltd 0.021 91% 143,839,744 $13,464,093 BP8 BPH Global Ltd 0.0015 50% 2,469,341 $1,615,563 PHO Phosco Ltd 0.073 46% 480,182 $13,720,668 RGL Riversgold 0.015 36% 50,607,653 $10,463,876 AVM Advance Metals Ltd 0.004 33% 1,590,000 $2,167,040 CC9 Chariot Corporation 0.955 32% 1,892,875 $53,165,387 UBI Universal Biosensors 0.25 32% 263,955 $40,350,193 TG1 Techgen Metals Ltd 0.105 27% 4,966,522 $6,404,967 WYX Western Yilgarn NL 0.125 25% 117,856 $4,965,750 ATH Alterity Therapeutics 0.005 25% 1,233,482 $9,759,590 EPM Eclipse Metals 0.01 25% 1,632,244 $16,350,434 FGL Frugl Group Limited 0.01 25% 1,536,667 $7,688,496 GTG Genetic Technologies 0.0025 25% 205,268 $23,083,316 ME1 Melodiol Global Health 0.0025 25% 5,546,409 $8,436,084 BTH Bigtincan Holdings 0.18 24% 2,940,318 $88,051,698 AUN Aurumin 0.026 24% 989,960 $6,687,305 NFL Norfolk Metals 0.315 24% 2,605,188 $7,732,874 RNE Renu Energy Ltd 0.016 23% 686,700 $5,817,358 HIQ Hitiq Limited 0.023 21% 29,206 $5,587,207 NAG Nagambie Resources 0.03 20% 705,994 $14,543,158 SFG Seafarms Group Ltd 0.006 20% 1,924,461 $24,182,996 SKN Skin Elements Ltd 0.006 20% 300,000 $2,947,430 AGH Althea Group 0.039 18% 750,204 $13,069,450 GIB Gibb River Diamonds 0.039 18% 2,564 $6,979,812 4DX 4Dmedical Limited 0.92 18% 3,386,333 $270,244,018

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Still on a roll after a fabulous week, last week is Sunshine Metals (ASX:SHN).

The $24 million micro cap may have struck paydirt in a gold and copper rich feeder zone to its 2.3Mt zinc, gold, copper, lead and silver VMS resource at the Liontown deposit of the Ravenswood Consolidated Project in North Queensland.

Another 11 holes have already been drilled to target these feeder zones and footwall lodes, with assays due in December this year.

ClearVue Technologies (ASX:CPV) rose quickly on Monday on no breaking news, however the sustainable materials company last week struck a new distributor deal, expanding its footprint into large parts of the US mid-west – via Colorado, Missouri and Arizona.

Riversgold (ASX:RGL) jumped on Monday after making headlines late in the week having acquired ‘a key 74 square kilometre tenement application directly along strike – just 8km northeast of the major Andover lithium (spodumene) pegmatite discovery of Azure Minerals (ASX:AZS).’ That’s the spot in the lithium-famous Andover Corridor where AZS struck spodumene glory with drilling intersections of up to 209.4m at 1.42% Li2O.

Consultants will start exploration ‘in earnest within the week,’ RGL said last week.

Haranga Resources (ASX:HAR) was also up on no news in particular other than the cut of its jib – well managed, well located and in the right business, at the right time – the uranium spot price last week punching through the US$80/lb mark for the first time in 12 years.

Haranga’s difference here might be the Saraya uranium project in Senegal where a major auger drilling program is currently under way.

As my Stockhead colleague Michael Washbourne lays bare in this casual cracker of an update – it’s make and break time for HAR…

 

MONDAY’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 CSS Clean Seas Ltd 0.265 -25% 1,836,682 $58,748,777 MRD Mount Ridley Mines 0.0015 -25% 521,001 $15,569,766 BUB Bubs Aust Ltd 0.13 -21% 10,015,791 $124,265,466 YOJ Yojee Limited 0.004 -20% 51,300 $6,527,426 AKM Aspire Mining Ltd 0.061 -19% 43,647 $38,072,774 ADVDB Ardiden Ltd 0.195 -18% 96,863 $14,785,844 C1X Cosmos Exploration 0.12 -17% 413,284 $6,883,875 GHY Gold Hydrogen 0.8 -17% 2,151,259 $54,646,102 PAB Patrys Limited 0.0075 -17% 7,526,404 $18,517,026 CT1 Constellation Tech 0.0025 -17% 11,200 $4,413,601 NGY Nuenergy Gas Ltd 0.02 -17% 656,413 $35,542,932 NRX Noronex Limited 0.011 -15% 540,182 $4,917,923 SHO Sportshero Ltd 0.017 -15% 13,501 $11,500,022 HYD Hydrix Limited 0.018 -14% 218,077 $5,338,596 CTN Catalina Resources 0.003 -14% 366,566 $4,334,704 ETR Entyr Limited 0.006 -14% 1,058,385 $13,881,727 HCD Hydrocarbon Dynamic 0.006 -14% 680,003 $4,547,661 AR3 Austrare 0.16 -14% 598,258 $28,520,703 AMM Armada Metals 0.052 -13% 700,518 $10,354,084 PRM Prominence Energy 0.013 -13% 324,116 $2,308,146 CYG Coventry Group 1.175 -13% 9,101 $128,235,684 ZEU Zeus Resources Ltd 0.011 -12% 842,841 $5,741,013 MHK Metalhawk 0.2 -11% 326,123 $18,050,750 DDT DataDot Technology 0.004 -11% 1,413,647 $5,449,288 KP2 Kore Potash PLC 0.008 -11% 58,941 $6,021,518

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