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

Today on Stockhead, Dr Boreham puts Optiscan under his microscope for the first time since 2017, the ASX stocks starting the week with strong tailwinds, and the best and cheapest homes for sale in every state.

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

Our pet day trader explains shorting, and why he never does it.

The Secret Broker: So, I was asked the other day to explain how ‘this shorting stock business thing’ worked. https://t.co/qGLSa2DGCo

— Stockhead (@StockheadAU) November 24, 2023

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 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

WordPress Tables Plugin

Sunshine Metals (ASX:SHN)

17m at 22.14g/t from 67m…

That was the headline from drilling at Sunshine Metals’ Ravenswood Consolidated Project in North Queensland, where the heavily diluted $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.

It’s a bit of a game changer and why the stock price doubled on Friday.

“The stunning intercepts at Liontown are a great reward for the solid geological work completed by the team,” MD Damien Keys said.

Meanwhile, Riversgold (ASX:RGL) has 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).’

Nice.

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.

Aurumin (ASX:AUN) said it had executed a deal with Polaris Metals, a subsidiary of Mineral Resources (ASX:MIN), for the sale of the iron ore rights on four of its Mt Dimer exploration tenements in WA.

The Mt Dimer exploration tenements are proximal to MinRes’ Carina iron ore mine.

Key terms of the sale include $250k payable to AUN on satisfaction of the conditions precedent, plus progress payments of ~1.25 million and $1/t royalty on iron ore exported.

FRIDAY’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

WordPress Tables Plugin

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