Good morning everyone, on Stockhead today there is no history lesson because that’s Gregor’s thing.
I’m all business.
Business like the kind Guy Le Page watches while enjoying a Cohiba and relaxing in a custom made whaleskin La-Z-Boy, or how mining experts feel about the outlook for metals in 2024 (that’s Josh Chiat’s), and known copper fiend Jess Cummins being on the lookout for Australia’s next biggest copper discovery.
It’s exciting stuff.
Okay if we really must… happy birthday to the IMF, the Salem Witch trials and Nikola Tesla’s first public radio demonstration.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,033.59 (+0.20%)
Silver: US$22.44 (+0.06%)
Nickel (3mth): US$17,460/t (+1.69%)
Copper (3mth): US$8,464/t (+0.09%)
Oil (WTI): US$78.44 (-0.55%)
Oil (Brent): US$83.47 (-0.21%)
Iron 62pc Fe: US$125.36/t (-0.38%)
AUD/USD: 0.6496 (-0.70%)
Bitcoin: US$60,165 (+5.5%)
WHAT GOT YOU TALKING
A lithium short squeeze? Sure, whatever gets you up in the morning.
High Voltage: There’s chatter of a #lithium short squeeze doing the rounds. #ASX https://t.co/3ZNq8scjmN
— Stockhead (@StockheadAU) February 29, 2024
ASX SMALL CAP LEADERS
Yesterday’s best performing small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap VPR Volt Power Group 0.002 100% 2,608,575 $10,716,208 TD1 Tali Digital Limited 0.0015 50% 4,093,013 $3,295,156 CUE CUE Energy Resource 0.1 49% 17,385,237 $46,774,021 MXO Motio Ltd 0.027 35% 314,137 $5,363,967 HLX Helix Resources 0.004 33% 6,213,714 $6,969,438 MCT Metalicity Limited 0.002 33% 2,290,000 $6,727,581 MRD Mount Ridley Mines 0.002 33% 1,246,498 $11,677,324 RR1 Reach Resources Ltd 0.002 33% 12,763,300 $4,815,446 SFG Seafarms Group Ltd 0.004 33% 5,814,958 $14,509,798 NSB Neuroscientific 0.048 30% 4,408,923 $5,350,380 DCC Digitalx Limited 0.068 28% 21,362,896 $41,726,876 EMP Emperor Energy Ltd 0.015 25% 2,054,870 $4,088,850 SOP Synertec Corporation 0.12 25% 204,572 $41,423,610 RWL Rubicon Water 0.5 25% 10,000 $68,754,042 CTO Citigold Corp Ltd 0.005 25% 200,000 $12,000,000 LNR Lanthanein Resources 0.005 25% 257,852 $5,159,248 NAE New Age Exploration 0.005 25% 2,915,000 $7,175,596 PAB Patrys Limited 0.01 25% 1,262,807 $16,459,579 SRZ Stellar Resources 0.01 25% 4,581,561 $11,490,264 SRX Sierra Rutile 0.084 24% 1,889,239 $28,848,078 FFF Forbidden Foods 0.016 23% 468,750 $2,624,187 NAG Nagambie Resources 0.029 21% 206,007 $19,119,256 HPR High Peak Royalties 0.06 20% 30,000 $10,402,986 MOV Move Logistics Group 0.48 20% 54,097 $46,554,052 AYT Austin Metals Ltd 0.006 20% 2,047,170 $6,425,957
Christian was loving this death or glory reaction to local biopharma Nyrada (ASX:NYR), which yesterday morning piled on another 50% in quick time (to go with Wednesday’s 421% bonanza).
Since then, the stock’s come off 53%. So now only 418% up on Tuesday.
Via Google/Stockhead
Cue Energy Resources (ASX:CUE) was up early in the morning after delivering its half-year, with a 22% lift in revenue to $29.3 million, and an underlying EBITDAX of $19.3 million, up 21%, and a 34% NPAT increase to $9.1 million.
Noxopharm (ASX:NOX) is continuing its recent run of good form, up another 28.2% after it banked some happy 1HFY24 results news.
And Norfolk Metals (ASX:NFL) popped higher after an upbeat projects update for its copper-gold play in Tasmania, and an expansion to its uranium exploration in South Australia.
ASX SMALL CAP LAGGARDS
Today’s best performing small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap CMD Cassius Mining Ltd 0.01 -68% 101,308,707 $16,802,139 DCX Discovex Res Ltd 0.001 -33% 311,239 $4,953,852 DRO Droneshield Limited 0.69 -26% 24,991,742 $569,302,858 H2G Greenhy2 Limited 0.006 -25% 45 $3,350,047 PKO Peako Limited 0.003 -25% 3,000 $2,108,339 HGL Hudson Investment 0.15 -25% 42 $11,871,987 MOZ Mosaic Brands Ltd 0.15 -23% 1,988,534 $34,808,756 TMG Trigg Minerals Ltd 0.007 -22% 3,075,923 $3,372,806 LOM Lucapa Diamond Ltd 0.021 -22% 6,733,936 $38,868,117 PLC Premier1 Lithium Ltd 0.036 -20% 818,454 $7,855,834 PR1 Pure Resources 0.1 -20% 539,921 $3,206,251 AL8 Alderan Resource Ltd 0.004 -20% 2,028,016 $5,534,307 MTL Mantle Minerals Ltd 0.002 -20% 5,163,769 $15,493,615 WML Woomera Mining Ltd 0.004 -20% 207,455 $6,090,695 AGI Ainsworth Game Tech. 1.14 -17% 46,350 $463,091,652 PVW PVW Res Ltd 0.03 -17% 302,224 $3,650,572 ASR Asra Minerals Ltd 0.005 -17% 1,887,765 $9,918,974 CCO The Calmer Co Int 0.005 -17% 20,088,421 $6,478,180 DOU Douugh Limited 0.005 -17% 158,317 $6,492,414 KRR King River Resources 0.01 -17% 1,014,131 $18,642,299 YAR Yari Minerals Ltd 0.005 -17% 30,000 $2,894,147 WNR Wingara Ag Ltd 0.016 -16% 32,110 $3,335,308 NRX Noronex Limited 0.011 -15% 227,018 $4,917,923 VIT Vitura Health Ltd 0.14 -15% 1,752,370 $95,019,175 DNA Donaco International 0.041 -15% 1,138,030 $59,298,690
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