Good morning everyone, and welcome to 16 February, 2024 – a notable day for good manners everywhere, as it was on this day in the Year 600 that Pope Gregory the Great issued the formal papal decree that “God Bless You” was the correct response to a sneeze.
It took a while to catch on, as the previous response – “…Dude!”, accompanied by an angry look – was quite popular, and much easier to say.
“God bless you” has, obviously, been shortened to “Bless you” in the 1,400 years since then, and it’s only in the past 10-12 years that it was shortened even further in the United States to immediate gunfire, followed by sirens.
To help you avoid ASX emergencies this morning, we’ve got a bunch of wonderful work by the Stockhead team – including more startling insights from the RIU Explorers conference courtesy of Josh Chiat, and Cam Drummond got up extra early to travel to Africa just to bring you the latest news on all the critical minerals there. What a guy!
And, as always there’s words and numbers down below to keep you busy while you wait for the somewhat ponderous Stockhead servers to load the rest of your morning’s news in the background.
Should be ready in 3… 2…
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,992.84 (+0.01%)
Silver: US$22.44 (-+0.31%)
Nickel (3mth): US$16,113.50/t (+1.08%)
Copper (3mth): US$8,133.50/t (-0.60%)
Oil (WTI): US$76.24 (-0.42%)
Oil (Brent): US$81.22 (-0.27%)
Iron 62pc Fe: US$129.10/t (+0.06%)
AUD/USD: 0.6488 (-0.14%)
Bitcoin: US$51,944.60 (+0.17%)
WHAT GOT YOU TALKING
If you missed the mail on what’s happening in Canada’s mining sector, here’s everything you need to know…
Our Canada Unearthed column wraps the news driving #mining and #exploration #stocks listed in #Canada, mostly on the #TSX and TSX.V. https://t.co/pyjr2USVr1
— Stockhead (@StockheadAU) February 15, 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 ASV Asset Vision Co 0.014 56% 489,006 $6,532,529 OLY Olympio Metals Ltd 0.078 47% 593,314 $3,370,773 MRD Mount Ridley Mines 0.002 33% 755,129 $11,677,324 NVQ Noviqtech Limited 0.004 33% 2,645,012 $3,928,336 PRX Prodigy Gold NL 0.008 33% 22,462,626 $10,506,647 JBY James Bay Minerals 0.185 32% 1,348,443 $4,542,300 BVR Bellavista Resources 0.13 30% 87,323 $4,961,097 ALU Altium Limited 66.08 29% 2,651,676 $6,762,569,716 OSL Oncosil Medical 0.01 25% 10,416,875 $15,796,329 RMX Red Mount Mining 0.0025 25% 245,721 $5,347,152 RR1 Reach Resources Ltd 0.0025 25% 1,151,969 $6,420,594 NWM Norwest Minerals 0.032 23% 1,731,054 $7,476,807 ZEO Zeotech Limited 0.027 23% 6,910,733 $38,135,307 W2V Way2Vat 0.017 21% 44,605,962 $9,122,518 HAL Halo Technologies 0.145 21% 61,379 $15,539,426 BLZ Blaze Minerals Ltd 0.006 20% 302,633 $3,142,791 GCM Green Critical Minerals 0.006 20% 27,970 $5,682,925 PNX PNX Metals Limited 0.006 20% 8,765,309 $26,903,124 VRC Volt Resources Ltd 0.006 20% 481,689 $20,650,533 ATC Altech Batt Ltd 0.075 19% 12,198,675 $104,159,531 SGC Sacgasco Ltd 0.013 18% 186,786 $8,576,558 WHK Whitehawk Limited 0.013 18% 954,254 $3,627,111 AAP Australian Agricultural 0.02 18% 16,500 $6,266,263 PAA PharmAust Limited 0.235 18% 2,972,771 $77,297,309 IS3 I Synergy Group Ltd 0.007 17% 224,934 $1,824,482
Yesterday’s Small Cap Winners included:
James Bay Minerals (ASX:JBY) was at the top of the leader charts early on Thursday, posting a 42% gain on news that a review of aeromagnetic and spectromagnetic survey results across its flagship Joule Property, within the 100%-owned La Grande Lithium Project in the James Bay region of Quebec, Canada, has generated significant new rare earths and uranium targets.
The announcement includes this nugget of information from Joel Dube from Dynamic Discovery Geoscience, who commented: “As a comparison, Joule is only one of two projects over the entire James Bay area, including the Matoush Uranium Project area, with maximum eU values exceeding 20 ppm, while the global average is approximately 0.5 ppm. This is considering a thorough review of over 80,000 l-km of public airborne gamma-ray spectrometric data.”
James Bay executive director, Andrew Dornan, was quick to point out that the company “will remain firmly focused on LCT pegmatites with potential for world-class lithium discoveries”, but these results “cannot be ignored”.
“As we have been doing for lithium, we will continue to sample and understand all relevant minerals on our properties,” Dornan said.
Olympio Metals (ASX:OLY) surged throughout the morning despite no fresh news, as did Yojee (ASX:YOJ) – they were trading 32% and 25% higher respectively by lunchtime.
Way2VAT (ASX:W2V) was surging on news that it’s set to roll out a new product called “AI-AP Compliance”, which the company says is a world-first AI-driven automated accounts payable auditing product, which it says has been built out to tie in seamlessly with the rest of its AI-driven software suite.
Large capper Altium (ASX:ALU) was also on the winners list – it’s not often we get to see an $8 billion company this high up in the rankings – so it’s definitely worth another mention, because it’s currently trading 28% higher than it was Wednesday.
And in late mail, it seems like Bellavista Resources (ASX:BVR) lit a fire under a few folks’ backsides at the RIU Explorers conference – after posting its presentation as an ASX announcement, it’s barrelled through a very tidy +30% jump.
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 TD1 Tali Digital Limited 0.001 -50% 38,464 $6,590,311 KNM Kneomedia Limited 0.002 -33% 1,132 $4,599,814 SIT Site Group Int Ltd 0.002 -33% 11,160,001 $7,807,471 29M 29Metalslimited 0.19 -22% 12,950,652 $171,822,256 H2G Greenhy2 Limited 0.007 -22% 2,021,413 $3,768,802 MKG Mako Gold 0.014 -22% 5,235,615 $11,923,369 ECG Ecargo Hldg 0.029 -22% 53,159 $22,764,250 CTN Catalina Resources 0.004 -20% 500,000 $6,192,434 PUR Pursuit Minerals 0.004 -20% 1,923,500 $14,719,857 TOY Toys R Us 0.008 -20% 982,658 $9,824,635 VML Vital Metals Limited 0.004 -20% 2,690,214 $29,475,335 WSR Westar Resources 0.016 -20% 1,135,054 $3,707,150 INV Investsmart Group 0.125 -19% 70,000 $22,115,475 BMO Bastion Minerals 0.009 -18% 6,745,432 $3,425,885 IND Industrial Minerals 0.255 -18% 951,639 $21,315,600 HCL Highcom Ltd 0.14 -18% 3,287,722 $17,456,054 HYD Hydrix Limited 0.019 -17% 13,695 $5,847,033 CNJ Conico Ltd 0.0025 -17% 1,000,000 $4,710,285 DMG Dragon Mountain Gold 0.01 -17% 5 $4,736,060 OXT Orexplore Technologies 0.02 -17% 235,315 $4,689,976 RLG Roolife Group Ltd 0.005 -17% 4,539,575 $4,335,349 ILT Iltani Resources Lim 0.16 -16% 14,403 $6,461,996 ID8 Identitii Limited 0.011 -15% 670,295 $5,593,094 TGH Terragen 0.017 -15% 5,000 $7,381,623 VTI Vision Tech Inc 0.23 -15% 10,000 $14,332,410
TRADING HALTS
First Au (ASX:FAU) – pending the release of an announcement regarding a major project acquisition.
Hazer Group (ASX:HZR) – pending an announcement regarding a proposed capital raising.
Triangle Energy (ASX:TEG) – pending an announcement is made relating to a proposed capital raising.
GCX Metals (ASX:GCX) – pending an announcement regarding a proposed capital raising.
Hastings Technology Metals (ASX:HAS) – pending an announcement to the market regarding a material tolling and offtake agreement.
Prodigy Gold (ASX:PRX) – pending an announcement responding to false market information about the payment of dividends.
Way2VAT (ASX:W2V) – pending a response to an ASX Price Query.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
