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

On Stockhead today, is this the most overlooked small cap health stock on the ASX? And finally, copper gets some love from the EV transitioners.

But first, the day ahead.

TRADING HALTS

These stocks went in halts yesterday and are due out in the coming days

Sierra Rutile (ASX:SRX) – negotiations with Government of Sierra Leone on the Third Amendment Agreement fiscal arrangements.

Anax Metals (ASX:ANX) – response to a price and volume query from the ASX, and a capital raising.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,030.39 (+0.47%)

Silver: US$22.33 (+1.12%)

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

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

Oil (WTI): US$74.93 (+0.24%)

Oil (Brent): US$80.15 (+0.11%)

Iron 62pc Fe: US$132.50/t (0.00%)

AUD/USD: 0.6595 (+0.39%)

Bitcoin: US$39,558 (-0.68%)

WHAT GOT YOU TALKING YESTERDAY?

The boss of WA nickel and PGE hopeful Chalice Mining (ASX:CHN) says global automotive sales would need to collapse for metals prices to stay at current low levels.

“…we have to see a rebound in the palladium price, otherwise the market is effectively forecasting a complete collapse in new vehicle sales.”

.@ChaliceMining’s Alex Dorsch says #palladium prices must go higher ‘in the near term’ and says #nickel prices that have brought WA’s miners to their knees are unsustainable. (#ASX:$CHN) https://t.co/d7xwmlCTCZ

— Stockhead (@StockheadAU) January 22, 2024

Meanwhile there’s no slowdown in EV sales, says Bloomberg.

Total sale of #EV shows there is no slow down.
Expect #lithium to be required like FE is @LoyalLithium
Next to bhag pic.twitter.com/3cnPVcxWLu

— West_Perth_Ponderer (@ASX_invest) January 18, 2024

Case in point:

BYD officially overtakes Volkswagen as China’s best-selling car brand in 2023, clear evidence its all-in bet on electric vehicles in the world’s biggest automobile market is paying dividends https://t.co/7Pdpl2N5kT

— Bloomberg Markets (@markets) January 23, 2024

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

YESTERDAY’S SMALL CAP LEADERS

Tuesday’s best performing ASX small cap stocks:

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

Code Company Price % Volume Market Cap CBE Cobre 0.071 73% 52,051,586 $11,763,351 MSG Mcs Services Limited 0.015 50% 645,243 $1,980,997 TNC True North Copper 0.1 47% 9,428,457 $26,169,219 BXN Bioxyne Ltd 0.016 33% 832,256 $22,819,745 GGE Grand Gulf Energy 0.009 29% 27,906,573 $14,666,729 COY Coppermoly Limited 0.014 27% 1,713,037 $7,657,490 NMR Native Mineral Res 0.029 21% 1,112,936 $5,034,012 AYT Austin Metals Ltd 0.006 20% 538,518 $6,134,373 WTM Waratah Minerals Ltd 0.095 19% 285,499 $11,949,160 BTE Botala Energy 0.089 19% 293,896 $6,176,416 HTA Hutchison 0.039 18% 55,000 $447,892,783 JDO Judo Cap Holdings 1.0975 17% 5,228,338 $1,037,196,279 FDV Frontier Digital Ltd 0.52 17% 296,630 $192,776,818 AHF Aust Dairy Limited 0.014 17% 3,025,906 $7,756,402 CCO The Calmer Co International 0.007 17% 2,443,869 $5,144,971 MTB Mount Burgess Mining 0.0035 17% 103,407 $3,134,440 NOX Noxopharm Limited 0.078 16% 120,778 $19,579,943 FFG Fatfish Group 0.05 16% 23,525,531 $59,780,307 ARN Aldoro Resources 0.095 16% 95,472 $11,039,147 TYX Tyranna Res Ltd 0.015 15% 1,980,551 $42,736,529 MRL Mayur Resources Ltd 0.23 15% 2,675,539 $67,220,239 TBN Tamboran 0.1725 15% 525,541 $309,043,080 CL8 Carly Holdings Ltd 0.016 14% 51,400 $3,757,185 EFE Eastern Resources 0.008 14% 75,000 $8,693,625 RGS Regeneus Ltd 0.008 14% 8,019 $2,145,058

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BHP will give African explorer Cobre (ASX:CBE) US$500,000 as part of its 2024 Xplor program.

CBE intends to use the cash to assess and progress targets which have the potential to host tier-one copper-silver deposits. Fellow recipient Hamelin Gold (ASX:HMG) also made strong gains.

Tim Goyder and Stuart Tonkin-backed Waratah Minerals (ASX:WTM) is drilling at the Spur project in NSW’s Lachlan Fold, down dip from big hits like 86m @ 1.56g/t Au, 536ppm Cu.

First assay results are expected March 2024.

True North Copper (ASX:TNC) signed binding offtake and toll-milling agreements with one of the world’s largest miners, Glencore, for its Cloncurry copper project in Queensland.

Health and wellness stock The Calmer Co (ASX:CCO) says December ecommerce sales have again materially increased and now have surpassed $250,000.

And neobank Judo Capital (ASX:JDO) says December half profit before tax (PBT) was $67m, up 24%, and “ahead of company compiled consensus”. Judo expects second half PBT of $40m–$45m, resulting in FY24 PBT of $107m-$112m.

YESTERDAY’S SMALL CAP LAGGARDS

Tuesday’s worst performing ASX small cap stocks:

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

Code Company Price % Volume Market Cap ME1 Melodiol Global Health 0.001 -50% 389,172,765 $9,833,237 YPB YPB Group Ltd 0.001 -50% 4,400 $1,580,923 GCR Golden Cross 0.002 -33% 4,769,211 $3,291,768 JAV Javelin Minerals Ltd 0.0015 -25% 464,132 $3,267,458 LNR Lanthanein Resources 0.006 -25% 13,441,309 $10,318,495 WML Woomera Mining Ltd 0.006 -25% 21,993,565 $9,745,112 PEC Perpetual Res Ltd 0.0085 -23% 6,758,823 $7,040,324 MI6 Minerals260Limited 0.175 -22% 1,047,314 $52,650,000 AIV Activex Limited 0.012 -20% 100,000 $3,232,539 AAJ Aruma Resources Ltd 0.02 -20% 152,703 $4,922,288 CTO Citigold Corp Ltd 0.004 -20% 283,500 $15,000,000 S3N Sensore Ltd 0.047 -19% 1,102,941 $2,110,808 EDU EDU Holdings Limited 0.11 -19% 112,544 $22,303,950 LM8 Lunnon Metals 0.285 -17% 934,088 $74,912,313 MXC MGC Pharmaceuticals 0.32 -17% 65,881 $16,882,878 CST Castile Resources 0.07 -17% 426,739 $20,319,804 TTT Titomic Limited 0.035 -17% 3,863,983 $38,335,152 G50 Gold50Limited 0.1 -17% 147,763 $13,114,800 PNT Panther Metals 0.05 -17% 60,000 $5,101,500 IEC Intra Energy Corp 0.0025 -17% 687,778 $4,982,345 PRX Prodigy Gold NL 0.005 -17% 3,404,730 $10,506,647 RMX Red Mount Min Ltd 0.0025 -17% 931,416 $8,020,728 VML Vital Metals Limited 0.005 -17% 1,426,796 $35,370,402 WA8 Warriedar Resources 0.041 -16% 913,655 $25,010,673 OEC Orbital Corp Limited 0.088 -16% 137,484 $15,309,707

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