Good morning everyone, and welcome to 29 February, 2024 – an important day on the calendar because it doesn’t happen very often… once every four years, to be precise, because otherwise we’d lose around 6 hours every year, and when that kind of time starts to pile up down the back of the couch, it’s a bugger to clean up properly when people are coming over.
It’s also an important day on the scientific calendar, as it was on this day in 1908 that Dutch scientists managed to produce solid helium for the first time.
Helium is, of course, most commonly found naturally occurring inside birthday balloons, but at the right temperature it will turn into a liquid.
However, it takes a combination of low temperature and extremely high pressure to get helium to crystalise into a solid form, which means it is – physically speaking – the precise opposite of an elderly gentleman’s junk.
The good news is that you don’t need to be under that sort of pressure to go hard on the ASX today, because we’ve got Cam’s look at what’s happening in Canada’s critical minerals scene, and Eddy’s deep dive into local health stocks to get you all riled up before the market opens – including more details on the one what spiked 400 PER CENT yesterday.
And, as always there’s words and numbers down below for you to scour now and then pretend to be shocked by when the market opens later on this morning.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,029.20 (-0.39%)
Silver: US$22.39 (-0.39%)
Nickel (3mth): US$17,061.30/t (+0.46%)
Copper (3mth): US$8,396.40/t (+0.28%)
Oil (WTI): US$78.47 (-0.03%)
Oil (Brent): US$83.20 (+0.08%)
Iron 62pc Fe: US$125.84/t (-0.21%)
AUD/USD: 0.6510 (-0.07%)
Bitcoin: US$57,219.80 (+0.25%)
WHAT GOT YOU TALKING
Earlybird Eddy’s been ripping the Band-Aids off to get to the bottom of what’s up with our local market’s health stocks.
In #ASX #health #stocks news: Neuren’s ($NEU) Daybue sales meet target; @ProteomicsI ($PIQ) granted patent in Europe; and @Nyrada_Inc’s ($NYR) brain injury drug shows efficacy in animal testing. https://t.co/s6ycVujFAD
— Stockhead (@StockheadAU) February 27, 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 NYR Nyrada Inc. 0.099 421% 100,159,913 $2,964,165 ADS Adslot Ltd. 0.003 50% 1,730,567 $6,448,991 ICR Intelicare Holdings 0.022 47% 290,369 $3,522,367 HRZ Horizon 0.042 40% 2,163,582 $21,029,510 5EA 5Eadvanced 0.315 40% 2,998,293 $70,463,536 DNA Donaco International 0.048 37% 777,276 $43,238,628 AUK Aumake Limited 0.004 33% 700,590 $5,743,220 IS3 I Synergy Group Ltd 0.008 33% 25,000 $1,824,482 NOX Noxopharm Limited 0.079 32% 386,998 $17,534,277 PPY Papyrus Australia 0.017 31% 103,791 $6,405,004 PPG Pro-Pac Packaging 0.26 30% 3,849 $36,337,542 PKD Parkd Ltd 0.028 27% 20,000 $2,288,305 EGR Ecograf Limited 0.195 26% 1,069,677 $70,374,932 CHN Chalice Mining Ltd 1.265 25% 8,381,204 $392,852,937 ATH Alterity Therap Ltd 0.005 25% 4,085,531 $17,531,019 GLV Global Oil & Gas 0.02 25% 22,147,815 $7,472,005 MTL Mantle Minerals Ltd 0.0025 25% 8,893,628 $12,394,892 RBR RBR Group Ltd 0.0025 25% 5,950,479 $3,236,809 ROG Red Sky Energy. 0.005 25% 1,886,847 $21,688,909 TMX Terrain Minerals 0.005 25% 280,000 $5,726,683 ADN Andromeda Metals Ltd 0.0275 25% 16,196,340 $68,425,961 BMO Bastion Minerals 0.011 22% 26,063,786 $2,802,997 BRN Brainchip Ltd 0.39 22% 51,472,539 $577,860,699 APX Appen Limited 0.59 22% 14,319,920 $106,332,307 GTG Genetic Technologies 0.12 21% 429,297 $11,426,307
Yesterday’s Small Cap Winners included:
Mauling markets like an incensed bull shark of no fixed address was the suddenly punchy Aussie drug discovery and development company Nyrada (ASX:NYR).
Nyrada’s lead Brain Injury Program drug candidate NYR-BI03 – “a first-in-class therapy with a novel mechanism of action targeting significant market opportunity” – demonstrated strong efficacy in reducing injury in a preclinical study, the company has reported.
NYR specialises in novel small molecule therapeutics to treat neurological and cardiovascular diseases. The company went proper ballistic, powering through more than +420% – and there was much rejoicing.
Also making big moves was the everywhere-listed Ecograf (ASX:EGR) after reporting positive findings from a research program completed by the Helmholtz Institute in Germany, where EcoGraf’s proprietary processing technology has been used to purify graphite particles recovered from end-of-life lithium-ion batteries.
EcoGraf purified the recovered graphite particles to battery grade specification.
The German Government funded program then compared the electrochemical performance of (the recycled) EcoGraf HFfree graphite with a number of commercial battery graphite products. And there was much rejoicing.
The company says further research is required before anyone sells the house.
Finally, 5E Advanced Materials (ASX:5EA) was still killing it on Wednesday.
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 NME Nex Metals Explorat 0.013 -41% 13,000 $7,755,716 E79 E79Goldmineslimited 0.047 -30% 835,800 $5,449,384 OPN Oppenneg 0.008 -27% 1,185,001 $12,420,976 W2V Way2Vatltd 0.02 -26% 43,160,884 $17,593,428 MCT Metalicity Limited 0.0015 -25% 7,150,224 $8,970,108 MRD Mount Ridley Mines 0.0015 -25% 1,031,196 $15,569,766 RR1 Reach Resources Ltd 0.0015 -25% 1,604,267 $6,420,594 TTI Traffic Technologies 0.007 -22% 1,314,428 $6,819,032 AUA Audeara 0.048 -20% 1,030,553 $8,676,464 MXO Motio Ltd 0.02 -20% 182,536 $6,704,959 CNJ Conico Ltd 0.002 -20% 1,000,001 $3,925,237 CTO Citigold Corp Ltd 0.004 -20% 1,142,000 $15,000,000 GNM Great Northern 0.016 -20% 507,049 $3,092,582 LNR Lanthanein Resources 0.004 -20% 159,642 $6,449,060 PEC Perpetual Res Ltd 0.008 -20% 2,808,032 $6,400,294 SHO Sportshero Ltd 0.014 -18% 535,214 $10,503,158 NAG Nagambie Resources 0.024 -17% 1,110,181 $23,102,435 G50 Gold50Limited 0.07 -17% 9,790 $9,180,360 DUN Dundasminerals 0.03 -17% 315,565 $2,846,829 IVX Invion Ltd 0.005 -17% 1,747,999 $38,547,193 VAL Valor Resources Ltd 0.0025 -17% 7,000,000 $13,767,040 PLG Pearlgullironlimited 0.031 -16% 371,449 $7,568,046 NMR Native Mineral Res 0.021 -16% 218,540 $5,243,763 C7A Clara Resources 0.016 -16% 197,998 $3,591,742 GRL Godolphin Resources 0.032 -16% 47,369 $6,431,197
TRADING HALTS
Ora Banda (ASX:OBM) – pending the release of an announcement regarding a proposed capital raising.
BikeExchange (ASX:BEX) – pending the expected release of an announcement relating to an accelerated non renounceable entitlement offer.
Athena Resources (ASX:AHN) – pending the release of an announcement regarding a proposed capital raising.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
