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

Good morning everyone, and welcome to Tuesday, 5 December – a date on the calendar that has become a staple for fans of the great mysteries of humankind, as it was on this day in 1872 that an American ship called The Mary Celeste was discovered floating aimlessly some 750km from The Azores, Portugal.

The mystery surrounding the discovery of the ship stems from the fact that there were no signs of life on board when it was found – every single member of the ship’s crew had effectively vanished without a trace.

Officially, there’s no explanation for the fate of the crew, but – given that it’s been a full 151 years since then – it’s probably safe to say that they’re more than likely not going to be found alive.

And speaking of being abducted by aliens and whisked off to another dimension, to be erxperimented upon by intergalactic scientists to see what kind of nutrients each human body might contain, you’ll no doubt be quite pleased that the Stockhead team has been very busy, bringing you stories like Reuben Adam’s in-depth look at the future of copper, plus all the fiddly data and digits to get you up to speed this morning down below as well.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,072.25 (-0.20%)

Silver: US$25.1941 (-1.3%)

Nickel (3mth): US$16,29i3.77/t (-2.30%)

Copper (3mth): US$8,454.55/t (-0.02%)

Oil (WTI): US$73.54 (-01.64%)

Oil (Brent): US$78.31 (-0.71%)

Iron 62pc Fe: US$130.46/t (-0.70%)

AUD/USD: 0.6651 (-0.47%)

Bitcoin: US$41,978.50 (+4.98%)

WHAT GOT YOU TALKING

The price of gold was on just about everyone’s lips yesterday… including ours.

The yellow metal is casually crash-tackling new and scary record highs for a second straight session. #ASX #gold #markets https://t.co/Y4JoPhCjfs

— Stockhead (@StockheadAU) December 4, 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 DCX Discovex Res Ltd 0.002 100% 542,470 $3,302,568 WEC White Energy Company 0.002 100% 45,526 $68,406 CMP Compumedics Limited 0.25 56% 1,616,727 $28,346,072 BML Boab Metals Ltd 0.195 34% 4,364,009 $25,297,102 YPB YPB Group Ltd 0.002 33% 4,543,884 $1,185,692 S66 Star Combo 0.13 30% 8,000 $13,508,298 ID8 Identitii Limited 0.025 25% 1,013,334 $8,544,760 NC6 Nanollose Limited 0.025 25% 525,575 $3,177,727 EDE Eden Inv Ltd 0.0025 25% 545,997 $7,313,940 KP2 Kore Potash PLC 0.01 25% 149,000 $5,352,460 SGC Sacgasco Ltd 0.01 25% 8,574,688 $6,188,662 VN8 Vonex Limited. 0.027 23% 359,453 $7,960,230 LDX Lumos Diagnostics 0.076 23% 18,191,494 $29,840,603 WA8 Warriedarresourltd 0.061 22% 912,924 $25,273,476 BKY Berkeley Energia Ltd 0.445 22% 152,302 $162,715,801 FLX Felix Group 0.12 20% 35,189 $20,449,971 CAV Carnavale Resources 0.006 20% 2,678,897 $17,117,759 DOU Douugh Limited 0.006 20% 589,175 $5,338,545 LVT Livetiles Limited 0.006 20% 196,391 $5,885,553 SFG Seafarms Group Ltd 0.006 20% 1,867,174 $24,182,996 YOJ Yojee Limited 0.006 20% 2,194,770 $6,529,926 CC9 Chariot Corporation 0.7475 19% 821,324 $46,198,888 ARD Argent Minerals 0.013 18% 5,801,169 $12,968,793 KZR Kalamazoo Resources 0.14 17% 709,694 $20,564,337 EEL Enrg Elements Ltd 0.007 17% 628,564 $6,059,790

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Yesterday’s Small Caps highlights were:

Smashing Monday open was the Aussie medical device company, Compumedics (ASX:CMP), which has been cleared by the US FDA to go get its flagship Somfit sleep aid device marketed in the USA.

Compumedics can now begin its commercialisation activities in the key USA market, following initial commencement of sales activities for Somfit in the Australian market since the beginning of FY24.

In Australia, sales of Somfit generated $1.2m of orders taken to date since the launch in July.

CMP and clearly many, many punters reckon there’s a significant poorly-rested market in the US worth circa US$110m-180m in potential revenue, from which the company ‘will target 10% to 30% within the next 24 months.’

Base and precious metals explorer Boab Metals (ASX:BML) had been absolutely hectic upon the small caps greatest hits charts, clocking about +60% before the ASX cops pulled the shares over for a glance under the hood.

Erstwhile lover of numbers, Stockhead’s Rob Badman says BML’s now up more than 90% over the past 30 days, although YTD it’s still down about 33%.

The WA company’s last piece of major news came almost a month ago, on November 8, when it made significant intercepts at the Keep Seismic prospect within its 75% owned Sorby Hills lead-silver-zinc project in the Kimberley region of WA.

Helium is a noble gas and Noble Helium (ASX:NHE) could very well have more of it.

The Tanzania-focused explorer yesterday reported it has successfully completed wireline logging and sampling at the Mbelele-2 well, at the company’s 100% owned North Rukwa Helium Project in Tanzania.

CEO Justyn Wood called the maiden drilling program “an incredible success …b oth operationally and in confirming the potential for a significant helium resource at Mbelele.”

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 JAV Javelin Minerals Ltd 0.003 -70% 300,000 $9,454,153 TZN Terramin Australia 0.036 -33% 38,192 $114,294,387 RML Resolution Minerals 0.003 -25% 20,333,441 $5,029,167 HXL Hexima 0.018 -22% 50,000 $3,841,911 CRS Caprice Resources 0.024 -20% 451,056 $4,028,065 NSB Neuroscientific 0.048 -20% 821,090 $8,676,292 MBK Metal Bank Ltd 0.03 -19% 261,603 $13,351,944 KLI Killiresources 0.063 -18% 293,666 $4,587,279 AX8 Accelerate Resources 0.041 -18% 4,908,122 $23,600,110 FIN FIN Resources Ltd 0.022 -17% 10,318,443 $17,205,621 KGD Kula Gold Limited 0.025 -17% 9,989,356 $12,580,973 GTG Genetic Technologies 0.0025 -17% 10,085,468 $34,624,974 PKO Peako Limited 0.005 -17% 30,000 $3,162,508 CPN Caspin Resources 0.13 -16% 23,845 $14,611,178 FME Future Metals NL 0.052 -16% 815,328 $26,880,289 HFR Highfield Res Ltd 0.295 -16% 589,985 $137,264,307 MAG Magmatic Resrce Ltd 0.06 -15% 450,000 $21,704,189 NIS Nickelsearch 0.09 -14% 9,996,812 $19,479,849 ZAG Zuleika Gold Ltd 0.018 -14% 100,000 $10,984,063 BFC Beston Global Ltd 0.006 -14% 194,698 $13,979,328 HCD Hydrocarbon Dynamic 0.006 -14% 183,684 $4,547,661 KNM Kneomedia Limited 0.003 -14% 141,806 $5,366,450 LML Lincoln Minerals 0.006 -14% 9,782,080 $11,856,917 PUA Peak Minerals Ltd 0.003 -14% 15,366,358 $3,644,818 NFL Norfolkmetalslimited 0.315 -14% 517,109 $12,893,624

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TRADING HALTS

Origin Energy (ASX:ORG) – A meeting of Origin shareholders is being held today at 2.00pm to consider the proposed acquisition of Origin

Gold Hydrogen (ASX:GHY) – Pending the release of an announcement regarding exploration results from its Ramsay 2 well, the second well of its maiden drilling program

Avenira (ASX:AEV) – Pending an announcement regarding a capital raise

Newfield Resources (ASX:NWF) – Pending the release of an announcement by the Company in relation to an update on the non-renounceable entitlement offer and the accompanying shortfall offer

Beacon Minerals (ASX:BCN) – In relation to a material proposed project acquisition

Carbonxt Group (ASX:CG1) – Pending an announcement regarding a capital raise

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