Good morning everyone, and welcome to 14 February, 2024 – a day on the calendar that every rose-grower and chocolatier the world over has been hanging out for, so they can price-gouge the lovelorn and set themselves up for the next 12 months.
Quick reminder to anyone banking on Long Stem Roses futures that you probably should have disposed of them yesterday and converted them to Chocolate Eggs ahead of Easter – unless you’re super-keen to get in very early on the late October pumpkin rush ahead of the usual Halloween crowd.
Before you race off to hurriedly make plans for a very romantic burger and chips at Hungry Jacks – because by now it’s probably the only place in town you’ll be able to book a decent table – you should get ready for what’s promising to be an interesting day on the ASX.
To help you prep, we’ve got Christian’s look at the ASX sectors most likely to make you feel good, an up close and personal with Andrew Page from Strawman.com on spotting a 10-bagger, and some rock-solid reporting from the inimitable Josh Chiat, who is currently weathering the heat at the RIU Explorers Conference.
Plus, here’s some words and numbers to keep you busy while you wait for your chocolate and rose guy to come through with the last-minute goods to keep you outta the Valentine’s Day doghouse.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,018.86 (-0.06%)
Silver: US$22.70 (-0.18)
Nickel (3mth): US$15,751.50/t (+0.19%)
Copper (3mth): US$8,065.40/t (-0.08%)
Oil (WTI): US$77.04 (+0.14%)
Oil (Brent): US$82.07 (-0.01%)
Iron 62pc Fe: US$128.75/t (+0.35%)
AUD/USD: 0.6517 (-0.16%)
Bitcoin: US$49,876.60 (-0.12%)
WHAT GOT YOU TALKING
Good news for people who are into iron ore, and making loads of money – the party’s far from over, according to this guy.
Why ‘ten-bagger’ and ‘iron ore’ can still go together. #ASX #ironore #copper https://t.co/dbdhXwOe2D
— 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 INP Incentiapay Ltd 0.005 67% 6,947,699 $3,731,790 IRX Inhalerx Limited 0.032 60% 6,962 $3,795,339 DTR Dateline Resources 0.016 45% 41,962,457 $14,625,118 GSR Greenstone Resources 0.008 45% 5,206,535 $7,524,624 HMX Hammer Metals Ltd 0.048 37% 2,456,031 $31,024,257 ARR American Rare Earths 0.3225 34% 15,145,147 $107,141,592 PPY Papyrus Australia 0.016 33% 56,343 $5,912,311 GMN Gold Mountain Ltd 0.0045 29% 29,457,409 $7,972,575 REC Rechargemetals 0.079 25% 230,499 $7,015,174 NES Nelson Resources. 0.005 25% 5,079,298 $2,454,377 RDS Redstone Resources 0.005 25% 105,000 $3,701,514 RIL Redivium Limited 0.005 25% 3,000,000 $10,923,419 RR1 Reach Resources Ltd 0.0025 25% 662,852 $6,420,594 BSX Blackstone Ltd 0.067 24% 1,597,208 $28,305,240 VMS Venture Minerals 0.0145 21% 16,110,442 $26,520,156 CHW Chilwaminerals 0.18 20% 17,168 $6,881,250 C7A Clara Resources 0.012 20% 15,000 $1,890,390 EMH European Metals Hldg 0.37 19% 200,918 $38,962,510 JPR Jupiter Energy 0.025 19% 57,560 $26,676,935 TON Triton Min Ltd 0.019 19% 772,780 $24,982,283 T92 Terrauraniumlimited 0.195 18% 901,399 $9,403,313 ATR Astron Corp Ltd 0.62 17% 58,627 $85,934,922 ZAG Zuleika Gold Ltd 0.021 17% 175,731 $13,249,539 PHX Pharmx Technologies 0.029 16% 315,076 $14,962,670 DRE Dreadnought Resources Ltd 0.022 16% 8,813,392 $66,102,386
Yesterday’s Small Cap Winners included:
Dateline Resources (ASX:DTR) was well out in front Tuesday morning, after the company reported hitting wide, high grade gold during drilling at its Colosseum Gold Project in San Bernardino County, California, with the highlight being 70.1m @ 6.53g/t Au in drill hole CM23-14 Inc. 25.9m @ 15.31g/t Au.
IncentiaPay (ASX:INP) was also tracking well in early trade, after the company delivered its half-yearly report after hours on Monday evening, showing that while revenue has faltered -6.41% to 8,674,712 in PCP, the company has managed to turn around Loss from ordinary activities after tax attributable to members by 80.6% to $3,236,540, compared to $16,707,381 on PCP.
And a takeover deal in the works pushed Ansarada (ASX:AND) higher, after the company entered into a Scheme Implementation Deed with Datasite, an entity owned by funds managed by CapVest, to acquire 100% of the fully diluted share capital in Ansarada at $2.50 cash per share, which implies an equity value of A$236.3 million and represents a premium of 19.0% to the last closing price of A$2.10 per share.
Hammer Metals (ASX:HMX) took off like a jackrabbit around lunchtime, rushing through +37% before going into a trading halt, ahead of announcing drilling results from one of its copper interests in the Mt Isa region of Queensland.
BrainChip Holdings (ASX:BRN) also enjoyed a sizeable jump during the day, responding to an ASX “Please Explain” with “nothing to see here”, leaving the company’s 19% leap a total mystery…
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 HCL Highcom Ltd 0.17 -47% 2,677,555 $32,858,455 GRE Greentechmetals 0.205 -40% 4,301,374 $28,587,192 GCR Golden Cross 0.002 -33% 50,000 $3,291,768 ICL Iceni Gold 0.033 -27% 376,031 $11,095,247 ADS Adslot Ltd. 0.0015 -25% 400,000 $6,448,991 ABE Ausbondexchange 0.03 -25% 308,911 $4,506,725 NYM Narryermetalslimited 0.034 -24% 801,305 $2,159,711 STX Strike Energy Ltd 0.325 -23% 74,799,827 $1,202,134,861 ERW Errawarra Resources 0.059 -20% 1,150,223 $7,098,130 88E 88 Energy Ltd 0.004 -20% 28,588,575 $123,627,103 EM2R Eagle Mountain – Rights 23-Feb-24 0.004 -20% 100,000 $381,209 LNU Linius Tech Limited 0.002 -20% 1,636 $12,348,102 MCT Metalicity Limited 0.002 -20% 882,616 $11,212,634 SI6 SI6 Metals Limited 0.004 -20% 2,704,000 $9,969,297 EG1 Evergreenlithium 0.093 -19% 21,335 $6,466,450 ICR Intelicare Holdings 0.013 -19% 2,061 $3,757,192 KGL KGL Resources Ltd 0.115 -18% 292,947 $79,420,861 AQX Alice Queen Ltd 0.005 -17% 96,292 $4,145,905 CT1 Constellation Tech 0.0025 -17% 1,051,983 $4,424,201 FAU First Au Ltd 0.0025 -17% 65,000 $4,985,980 NRZ Neurizer Ltd 0.005 -17% 1,130,752 $8,483,465 OAR OAR Resources Ltd 0.0025 -17% 348,861 $7,931,183 TEG Triangle Energy Ltd 0.02 -17% 16,875,366 $33,637,099 TMR Tempus Resources Ltd 0.005 -17% 999,753 $4,385,992 NSX NSX Limited 0.021 -16% 88,951 $10,035,507
TRADING HALTS
Suvo Strategic Minerals (ASX:SUV) – pending an announcement regarding a capital raising.
Hammer Metals (ASX:HMX) – pending the release of an announcement in relation to drilling results.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
