Good morning everyone, and welcome to 13 February, 2024.
To help get your day off to a flying start, you should eat a decent breakfast… remembering that CocoPops don’t count, unless you offset them by eating approximately 18 tons of assorted citrus fruits, and a handful of roughly chopped fresh spinach leaves, and all of that wrapped in bacon.
You should also take the time to read Josh Chiat’s illuminating piece on a common investor’s dream of hitting a 10 bagger, and Rob Badman’s been out to lunch, and written a story about Chinese food. Bless him…
Plus, here’s some words and numbers to keep you busy while you wait for your ninth cup of coffee for the morning does what it does best, in case you missed how the local markets did yesterday.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,023.73 (-0.57%)
Silver: US$22.777 (+0.76)
Nickel (3mth): US$15,668.00/t (-0.55%)
Copper (3mth): US$8,091.50/t (-0.46%)
Oil (WTI): US$76.59 (-0.33%)
Oil (Brent): US$81.96 (-0.28%)
Iron 62pc Fe: US$128.75/t (-0.25%)
AUD/USD: 0.6518 (-0.03%)
Bitcoin: US$48,132.90 (-0.43%)
WHAT GOT YOU TALKING
Big news from Stanmore Resources had tongues a-wagglin’ yesterday – here’s the story, in case you missed it.
Ground Breakers: Stanmore Resources (#ASX:$SMR) may have pulled off a deal to rival its founding success. #coal https://t.co/NbZ4g7r9cQ
— Stockhead (@StockheadAU) February 12, 2024
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 GCR Golden Cross 0.003 50% 6,232 $2,194,512 LSR Lodestar Minerals 0.003 50% 330,000 $4,046,795 INV Investsmart Group 0.155 48% 5,000 $14,981,451 ARR American Rare Earths 0.235 47% 12,360,008 $71,427,728 FTC Fintech Chain Ltd 0.014 27% 5,000 $7,158,465 EVR Ev Resources Ltd 0.0145 26% 11,751,185 $12,645,266 NC6 Nanollose Limited 0.03 25% 871,854 $4,128,153 CHK Cohiba Min Ltd 0.0025 25% 851,571 $5,060,460 DOU Douugh Limited 0.005 25% 2,658,864 $4,328,276 IEC Intra Energy Corp 0.0025 25% 10,000,000 $3,381,563 REE Rarex Limited 0.02 25% 3,634,248 $10,934,185 SI6 SI6 Metals Limited 0.005 25% 9,095,107 $7,975,438 SCL Schrole Group Ltd 0.185 23% 12,294 $5,393,257 IPB IPB Petroleum Ltd 0.011 22% 2,619,233 $5,086,102 KGD Kula Gold Limited 0.011 22% 485,383 $3,808,907 MEM Memphasys Ltd 0.011 22% 1,091,660 $12,094,729 AD8 Audinate Group Ltd 19.3 20% 720,273 $1,332,234,641 BRN Brainchip Ltd 0.27 20% 21,346,959 $406,308,304 AMD Arrow Minerals 0.006 20% 21,039,366 $17,368,825 AUZ Australian Mines Ltd 0.012 20% 43,879,697 $10,657,537 M4M Macro Metals Limited 0.003 20% 468,000 $6,167,694 TMR Tempus Resources Ltd 0.006 20% 10,164 $3,654,994 WRK Wrkr Ltd 0.033 20% 1,467,473 $34,968,698 AZL Arizona Lithium Ltd 0.025 19% 29,147,445 $79,515,346 TKM Trek Metals Ltd 0.04 18% 1,657,226 $17,444,613
Yesterday’s Small Cap Winners included:
American Rare Earths (ASX:ARR) was way out in front of the game on Monday morning, despite not having any news for the ASX today – possibly on the heels of Friday’s investor presentation, and late news that chairman Ken Traub has been replaced by non-executive director Richard Hudson. Traub is set to remain on the board as a non-executive director.
But that seems kinda unlikely, given that 99.9% of the time, shuffling of the board is roundly ignored by investors, especially in the absence of any really juicy gossip – but the company did respond to a Please Explain from the ASX with a cheerful “We don’t know either” about the sudden surge in price.
Appen (ASX:APX) climbed on news that the company has finalised details of additional measures to mitigate the impact of the loss of a material customer contract.
On 22 January, Appen was dealt a major blow when Google told the company that it would no longer require its services, bringing work between the two companies to a halt on or before 19 March 2024 – a huge blow for Appen, as Google’s contract was worth $82.8 million at a gross margin of 26% in FY23.
Battery metals explorer Australian Mines (ASX:AUZ) went soaring late in the day without any news to explain why, as did RareX (ASX:REE) – but with tin and silver the only metals and/or industrials showing any signs of positive movement in commodities, it could have been something obscure getting very valuable today, or it could just have been the wind…
And Nanollose (ASX:NC6) lifted through the afternoon, on news that it has received the first purchase order for 340kg of the company’s Nullarbor-20 fibre, with the order coming from Orta Anadolu Ticaret Ve Sanayi İşletmesi, which is apparently “a leader in clothing sustainability”. (Turkish jeans are bloody comfy, though.)
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 RMX Red Mount Min Ltd 0.002 -33% 1,227,759 $8,020,728 RR1 Reach Resources Ltd 0.002 -33% 1,165,184 $9,630,891 WML Woomera Mining Ltd 0.004 -33% 55,171,872 $7,308,834 YPB YPB Group Ltd 0.002 -33% 2,030,602 $2,371,384 BNL Blue Star Helium Ltd 0.012 -29% 24,054,371 $33,018,510 RIL Redivium Limited 0.004 -27% 6,157,682 $15,019,701 PHX Pharmx Technologies 0.027 -27% 5,049,357 $22,144,751 BLG Bluglass Limited 0.034 -26% 12,317,629 $71,267,113 APL Associate Global 0.12 -25% 12,222 $9,038,788 WCN White Cliff Min Ltd 0.013 -24% 25,763,199 $22,709,609 PPY Papyrus Australia 0.012 -20% 524,501 $7,390,389 AUK Aumake Limited 0.004 -20% 50 $9,572,034 NVQ Noviqtech Limited 0.002 -20% 2,453 $3,273,613 PUR Pursuit Minerals 0.004 -20% 2,045,464 $14,719,857 VML Vital Metals Limited 0.004 -20% 297,948 $29,475,335 CUS Coppersearchlimited 0.096 -18% 319,727 $10,843,535 TSL Titanium Sands Ltd 0.009 -18% 555,847 $21,931,032 BLZ Blaze Minerals Ltd 0.005 -17% 217,003 $3,771,349 FRX Flexiroam Limited 0.02 -17% 1,377,892 $15,854,573 GCM Green Critical Min 0.005 -17% 1,672 $6,819,510 TIG Tigers Realm Coal 0.005 -17% 293,073 $78,400,214 IR1 Irismetals 0.71 -16% 176,517 $110,062,235 RNE Renu Energy Ltd 0.011 -15% 1,079,617 $8,774,575 MGU Magnum Mining & Exp 0.017 -15% 7,423,615 $16,187,228 SM1 Synlait Milk Ltd 0.68 -14% 199,097 $173,772,420
TRADING HALTS
Comet Resources (ASX:CRL) – pending an announcement to the ASX in relation to a proposed capital raising.
Greenstone Resources (ASX:GSR) – pending an announcement to the market in relation to a proposed material transaction.
Norwest Minerals (ASX:NWM) – pending the release of an announcement concerning an acquisition of tenements and capital raising.
Elixinol Global (ASX:EXL) – pending an announcement to the ASX in connection with a capital raising.
Singular Health Group (ASX:SHG) – pending an announcement in respect of a capital raising.
Nova Eye Medical (ASX:EYE) – pending an announcement in relation to a proposed capital raising.
PainChek (ASX:PCK) – pending an announcement regarding a capital raise.
Horizon Minerals (ASX:HRZ) – pending an announcement regarding in relation to a proposed material transaction.
Fletcher Building (ASX:FBU) – pending the release of the company’s half-year results on Wednesday 14 February.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
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