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

Good morning everyone, and welcome to Monday, 30 October.

On Stockhead today…

Graphite stocks have been down on the canvas throughout 2023, threatening to become the never was of the first wave EV investment boom. But Shaw and Partners analyst Peter Kormendy says prices will have to rise to incentivise new mines. We (well, me) take a look at which stocks come into the new week with all the good sort of momentum. And our pet day trader is in hospital one day, at the beach the next… what a life.

But first..

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,006.18 (+1.08%)

Silver: US$23.10 (+1.11%)

Nickel (3mth): US$18,079/t (-1.30%)

Copper (3mth): US$7,985.50/t (-0.58%)

Oil (WTI): US$85.03 (+2.18%)

Oil (Brent): US$90.26 (+2.66%)

Iron 62pc Fe: US$118.55/t (+0.08%)

AUD/USD: 0.6336 (+0.20%)

Bitcoin: US$34,171 (+1.02%)

FRIDAY’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 WCG Webcentral Ltd 0.305 177% 34,029,854 $36,203,885 IND Industrial Minerals 1.005 123% 5,770,692 $28,971,000 NZS New Zealand Coastal 0.003 50% 9,752,952 $3,334,020 TOR Torque Met 0.22 42% 2,739,165 $18,704,626 AYT Austin Metals Ltd 0.007 40% 62,882 $5,079,373 IVX Invion Ltd 0.007 40% 3,887,216 $32,108,161 BNR Bulletin Res Ltd 0.17 36% 4,303,400 $36,698,888 HRE Heavy Rare Earths 0.095 36% 209,881 $4,234,155 AVW Avira Resources Ltd 0.002 33% 248,516 $3,200,685 MSI Multistack International 0.004 33% 86,000 $408,912 MTL Mantle Minerals Ltd 0.004 33% 41,523,795 $18,442,338 SIS Simble Solutions 0.004 33% 800,109 $1,808,852 PEC Perpetual Res Ltd 0.021 31% 1,054,797 $9,898,653 ZGL Zicom Group Limited 0.06 30% 200,000 $9,869,760 AMM Armada Metals 0.026 30% 37,021 $2,571,361 LBT LBT Innovations 0.005 25% 1,750,400 $1,423,601 OAR OAR Resources Ltd 0.005 25% 1,328,648 $10,452,543 SFG Seafarms Group Ltd 0.005 25% 500,427 $19,346,397 TMX Terrain Minerals 0.005 25% 320,000 $5,030,575 YPB YPB Group Ltd 0.0025 25% 125,000 $1,486,923 MTC Metalstech Ltd 0.18 24% 7,560 $27,347,666 1CG One Click Group Ltd 0.016 23% 23,986,148 $7,996,277 CAI Calidus Resources 0.195 22% 5,427,225 $97,260,778 TPC TPC Consolidated Ltd 7.6 22% 19,331 $70,892,856 ERW Errawarra Resources 0.175 21% 2,572,553 $10,078,080

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Friday’s Small Caps highlights:

Webcentral Group (ASX:WCG) entered into binding agreements with an investment group based in Europe consisting of Oakley Capital and its partners to sell two-thirds of its domain name registry, consumer hosting and email hosting services business for circa $165m.

Webcentral’s MD Joe Demase:

“In partnership with Tom and Jochen, the Oakley team is uniquely positioned to support the next stage of Webcentral’s growth, enabling us to expand our capabilities, further improve our services to clients, and pursue new growth opportunities internationally.”

Industrial Minerals (ASX:IND) has agreed to ‘binding terms’ with North West Quarries for the exclusive option to acquire an 80% interest in the non-construction material mineral rights – which also include lithium and HPQ – at the Pippinagarra Quarry Project near Port Hedland.

“The project is located within world class Pilbara lithium province of Western Australia and near some of the world’s largest hard rock lithium mines. IND hold a number of tenements in the region that are prospective for HPQ and lithium, making the addition of this Project a logical expansion of IND’s activities in the Pilbara region,” the company told the ASX.

Bougainville Copper (ASX:BOC) has this afternoon confirmed a breakthrough has been made with the Autonomous Bougainville Government (ABG) with respect to ending court proceedings relating to the company’s EL01 exploration licence in the Panguna project area.

It’s good progress – the stock has jumped 40%.

REE and gold explorer Terrain Minerals (ASX:TMX) is also ahead after announcing it had raised more than $430k in a non-renounceable entitlement offer. The company says 15.85% of shareholders (187) participated in the offer with a recorded unallocated shortfall of ~$355k.

TMX in September raised ~$785k through a placement to sophisticated and professional investors.

FRIDAY’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 CLE Cyclone Metals 0.001 -50% 3,979,292 $20,529,010 MXC MGC Pharmaceuticals 0.001 -50% 2,180,264 $8,855,936 CC9 Chariot Corporation 0.255 -43% 4,097,408 $32,999,206 HCT Holista CollTech Ltd 0.009 -31% 514,492 $3,624,401 AHN Athena Resources 0.003 -25% 2,517,894 $4,281,870 CCE Carnegie Cln Energy 0.0015 -25% 467,729 $31,285,147 DXN DXN Limited 0.0015 -25% 141,752 $3,446,680 PNX PNX Metals Limited 0.003 -25% 650,000 $21,522,499 LPD Lepidico Ltd 0.008 -20% 31,249,601 $76,383,079 RLC Reedy Lagoon Corp. 0.004 -20% 1,190,663 $3,083,418 SMS Star Minerals 0.035 -19% 106,044 $1,558,870 AUE Aurum Resources 0.11 -19% 449,333 $4,240,227 CBY Canterbury Resources 0.022 -19% 135,000 $3,902,135 CRS Caprice Resources 0.031 -18% 171,781 $4,436,763 KP2 Kore Potash PLC 0.009 -18% 106,571 $7,345,837 BOD BOD Science Ltd 0.05 -17% 340,000 $10,640,310 ADV Ardiden Ltd 0.005 -17% 4,572,479 $16,130,012 EPM Eclipse Metals 0.01 -17% 2,774,644 $24,336,718 FFG Fatfish Group 0.01 -17% 1,761,412 $14,282,876 TAS Tasman Resources Ltd 0.005 -17% 45,145 $4,276,016 AKN Auking Mining Ltd 0.037 -16% 370,000 $8,980,563 ESR Estrella Res Ltd 0.006 -14% 38,337,988 $10,385,003 EXL Elixinol Wellness 0.006 -14% 2,323,377 $4,419,407 HTG Harvest Tech Grp Ltd 0.024 -14% 1,107,375 $19,780,973 M24 Mamba Exploration 0.03 -14% 312,785 $2,134,417

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TRADING HALTS

Strandline Resources (ASX:STA) – Pending an announcement by the company in relation to an operating strategy update at the Coburn Project.

Dorsavi (ASX:DVL) – Capital raising.

Emperor Energy (ASX:EMP) – Capital raising.

Nova Eye Medical (ASX:EYE) – Pending an announcement by the Board related to a proposed change to national USA Medicare reimbursement for Minimally Invasive Glaucoma Surgical (MIGS) products.

Associate Global Partners (ASX:APL) – Pending an announcement by the company in connection with an equity raising to be undertaken by way of an entitlement offer.

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