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

On Stockhead today Tim Boreham’s 12 top small cap picks for 2024, Chart of the Day, and iron ore – can the surprise packet of 2023 continue to shock?

But first, the day ahead.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,062.59 (-0.21%)

Silver: US$23.76 (-0.72%)

Nickel (3mth): US$16,938/t (+2.60%)

Copper (3mth): US$8,690.50/t (+1.36%)

Oil (WTI): US$71.65 (-0.17%)

Oil (Brent): US$77.04 (-0.14%)

Iron 62pc Fe: US$142.50/t (0.00%)

AUD/USD: 0.6810 (0.00%)

Bitcoin: US$42,620 (+0.30%)

WHAT GOT YOU TALKING OVER THE WEEKEND?

The largest EV maker in the world, China’s BYD, hit its 2023 target of 3m EVs sold.

That’s up from 1.9m in 2022.

BYD sells record 341,043 NEVs in Dec, reaches full-year 3 million targethttps://t.co/Y8sWJOUa8Y $BYDDY $BYDDF

— CnEVPost (@CnEVPost) January 1, 2024

Can uranium equities have a big year in 2024?

The final results are inand #Uranium, surpassing over 90 tracked commodities on TradingEconomics, is the World’s Top Performing Commodity of 2023”this is merely the inception of a historic rally.. with prices poised for further escalation”https://t.co/bmcPjKgJlf pic.twitter.com/LH5wG4nQlc

— John Quakes (@quakes99) December 31, 2023

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.

Also, be sure to check in at preopen each day for ‘Market Highlights and 5 ASX Small Caps to Watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

FRIDAY’S SMALL CAP LEADERS

Friday’s best performing ASX small cap stocks:

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

Code Company Price % Volume Market Cap MTM MTM Critical Metals 0.065 51% 25,645,318 $4,275,795 EMU EMU NL 0.0015 50% 232,237 $2,024,771 MTL Mantle Minerals Ltd 0.003 50% 15,520,096 $12,394,892 ICG Inca Minerals Ltd 0.013 30% 114,990 $5,844,355 EYE Nova EYE Medical Ltd 0.24 26% 4,243,904 $36,219,490 BGE Bridgesaaslimited 0.05 25% 260,000 $4,775,882 SKN Skin Elements Ltd 0.005 25% 964,127 $2,357,944 AML Aeon Metals Ltd. 0.011 22% 71,999 $9,867,606 ZEU Zeus Resources Ltd 0.011 22% 2,279,635 $4,133,529 1TT Thrive Tribe Tech 0.018 20% 1,096,323 $4,449,323 ETR Entyr Limited 0.018 20% 31,035,324 $29,746,558 ECT Env Clean Tech Ltd. 0.006 20% 1,013,822 $14,321,552 HPC Thehydration 0.024 20% 160,000 $5,302,836 WZR Wisr Ltd 0.048 20% 9,203,107 $54,584,583 SQX SQX Resources Ltd 0.13 18% 4,230 $2,750,000 GPR Geopacific Resources 0.02 18% 64,615 $13,969,195 CMX Chemxmaterials 0.082 17% 96,593 $3,726,279 CPO Culpeominerals 0.035 17% 1,017,024 $3,496,871 FGH Foresta Group 0.014 17% 121,679 $26,938,649 CYM Cyprium Metals Ltd 0.03 15% 3,362,714 $39,642,520 YAR Yari Minerals Ltd 0.0115 15% 2,723,535 $4,823,578 BSE Base Res Limited 0.155 15% 2,734,472 $159,031,600 ATR Astron Corp Ltd 0.705 15% 86,428 $96,422,295 ASR Asra Minerals Ltd 0.008 14% 312,384 $11,402,970 EXT Excite Technology 0.008 14% 374,957 $9,304,692

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Some great late 2023 news for Nova Eye Medical (ASX:EYE), which says its portfolio of canaloplasty devices will continue to be reimbursed after USA Medicare changes were withdrawn.

The changes, due to come into effect January 2024, proposed to restrict or deny coverage for several procedures, including canaloplasty.

Tyre recycling co Entyr (ASX:ETR) says it could earn ~$18m a year via its offtake deal with Trafigura, announced earlier this month.

Based on early market feedback, it anticipates “acceptable” market prices of ~$200/t for recovered carbon black and $750/t for oil.

The $30m capped stock is now up 90% over the past few weeks.

Mineral sands play Astron (ASX:ATR) continued to gain after yesterday inking a non-binding deal with the US’ largest uranium producer, Energy Fuels, to jointly develop the 2.6 billion tonne Donald rare earths and mineral sands project in Victoria.

And remember battery materials stock Novonix (ASX:NVX)?

The one-time highflier has ended 2023 on a promising note, after a ghastly two-year run saw its market cap plunge from ~$5bn to just $370m today.

FRIDAY’S SMALL CAP LAGGARDS

Friday’s worst performing ASX small cap stocks:

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

Code Company Price % Volume Market Cap ADS Adslot Ltd. 0.002 -33% 2,000,002 $9,673,487 AMM Armada Metals 0.028 -26% 63,702 $7,904,000 1AG Alterra Limited 0.006 -25% 2,077,198 $6,657,177 FAU First Au Ltd 0.003 -25% 27,576 $6,647,973 PNX PNX Metals Limited 0.003 -25% 8,002,209 $21,522,499 VAL Valor Resources Ltd 0.003 -25% 610,977 $16,693,339 PUR Pursuit Minerals 0.007 -22% 2,356,149 $26,495,743 KNM Kneomedia Limited 0.002 -20% 100 $3,833,178 MKL Mighty Kingdom Ltd 0.014 -18% 1,229,246 $7,146,283 AMD Arrow Minerals 0.005 -17% 48,665,510 $20,842,591 IVX Invion Ltd 0.005 -17% 8,825 $38,529,793 MSG Mcs Services Limited 0.01 -17% 390,000 $2,377,196 MCL Mighty Craft Ltd 0.017 -15% 1,243,887 $7,302,643 ADY Admiralty Resources. 0.006 -14% 355,327 $9,125,054 EEL Enrg Elements Ltd 0.006 -14% 2,000,000 $7,069,755 IS3 I Synergy Group Ltd 0.006 -14% 150,112 $2,128,563 ADD Adavale Resource Ltd 0.007 -13% 1,218,799 $5,972,709 GSR Greenstone Resources 0.007 -13% 323,529 $10,944,908 MHC Manhattan Corp Ltd 0.0035 -13% 224,360 $11,747,919 SRZ Stellar Resources 0.007 -13% 49,400 $9,192,212 NYM Narryermetalslimited 0.07 -13% 100,000 $3,839,486 LGM Legacy Minerals 0.12 -11% 201,527 $12,631,618 X2M X2M Connect Limited 0.04 -11% 5,665 $8,216,705 BLZ Blaze Minerals Ltd 0.008 -11% 375,000 $5,657,024 RKT Rocketdna Ltd. 0.008 -11% 453,995 $5,870,034

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