Good morning.
On Stockhead today, what commodity wins from China’s 5% growth target? The risk indicator that helps you choose your stock. And why Wealth Within reckons AI in Australia is on cusp of ‘remarkable growth’.
Have at it.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,114.17 (+1.48%)
Silver: US$23.89 (+3.19%)
Nickel (3mth): US$17,662/t (-1.31%)
Copper (3mth): US$8,503.50/t (+0.12%)
Oil (WTI): US$78.71 (-1.58%)
Oil (Brent): US$82.83 (+0.11%)
Iron 62pc Fe: US$124.86/t (-0.86%)
AUD/USD: 0.6510 (-0.20%)
Bitcoin: US$67,750 (+7.75%)
WHAT GOT YOU TALKING
Eddy Sunarto with a report on Tech That Makes you go Woooo:
.@BluGlass_Ltd (#ASX: $BLG) is a leading supplier of GaN #lasers to the global photonics sector, an industry forecast to surpass US$2.5bn by 2025. We reached out to its director, Stefanie Winwood. https://t.co/RYx2n2qZ13
— Stockhead (@StockheadAU) March 4, 2024
ASX SMALL CAP LEADERS
Yesterday’s best performing small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Name Price % Change Volume Market Cap JAV Javelin Minerals Ltd 0.20 100.00 256,000 $2,176,231 PRX Prodigy Gold NL 0.50 66.67 2,100,077 $5,253,323 AUQ Alara Resources Ltd 5.10 37.84 6,519,005 $26,569,239 PGC Paragon Care Limited 28.00 36.59 6,670,545 $136,912,977 AUH Austchina Holdings 0.40 33.33 9,634,087 $6,233,651 AUK Aumake Limited 0.40 33.33 1,785,300 $5,743,220 TRE Toubani Res Ltd 14.00 33.33 118,995 $14,055,895 DYM Dynamicmetalslimited 21.00 31.25 8,417,482 $5,760,000 FIN FIN Resources Ltd 1.90 26.67 720,944 $9,739,031 ARD Argent Minerals 1.20 26.32 3,519,273 $12,271,711 VBS Vectus Biosystems 25.00 25.00 10,000 $10,641,872 AL8 Alderan Resource Ltd 0.50 25.00 6,340,936 $4,427,445 EDE Eden Inv Ltd 0.25 25.00 1,000,000 $7,356,542 PUA Peak Minerals Ltd 0.25 25.00 200,448 $2,082,753 AI1 Adisyn Ltd 2.60 23.81 669,517 $3,703,341 WWI West Wits Mining Ltd 1.60 23.08 10,582,329 $31,595,091 CYL Catalyst Metals 60.50 21.00 766,915 $110,078,772 NHE Nobleheliumlimited 10.50 20.69 2,632,009 $31,848,243 FTC Fintech Chain Ltd 2.40 20.00 80,734 $13,015,392 GCM Green Critical Min 0.60 20.00 526,170 $5,682,925 AAR Astral Resources NL 6.10 19.61 601,898 $40,447,974 HTA Hutchison 3.10 19.23 28,554 $352,885,223 AWJ Auric Mining 16.50 17.86 3,454,323 $18,320,343 AVE Avecho Biotech Ltd 0.35 16.67 17,125 $9,507,891 TAR Taruga Minerals 0.70 16.67 449,969 $4,236,161
Alara Resources (ASX:AUQ) has completed the commissioning and the commencement of concentrate production at its Wash-hi – Majaza Mine and copper concentrate plant in Oman.
AUQ says production will ramp up to full capacity over the next two to three months.
The sale of the first shipment – approximately 1000 dry metric tons of copper concentrate – to Trafigura is expected in April 2024.
Dynamic Metals (ASX:DYM) has entered a lucrative farm-in and joint venture agreement with Mineral Resources (ASX:MIN) over the lithium rights to its Widgiemooltha project in the WA Goldfields. The Chris Ellison-company is eligible to earn up to 80% of the tenements via a total exploration spend of $20 million, through to a decision to mine.
Fin Resources (ASX:FIN) has been buoyed by a review of work carried out historically on its Ross project in Quebec which identified highly anomalous uranium in soil sampling, including up to 1,486ppm U3O8 associated with low thorium.
Noble Helium (ASX:NHE) says its plans to monetise the helium potential of its North Rukwa project in Tanzania have received a major boost after further detailed analysis and integration of well data indicates the probable free gas cap at Mbelele to be six times larger than originally mapped.
Telix Pharma (ASX:TLX) rose 2% after proposing to acquire Canada-based diagnostic imaging isotope specialist ARTMS for $US42.5M worth of TLX shares upfront, and a further $US15m in earnouts.
And Nova Eye Medical (ASX:EYE) has reported a record sales month for February with US$0.99 million (A$1.52 million) in the bank following improved uptake of its iTrack Advance glaucoma surgical devices.
ASX SMALL CAP LAGGARDS
Yesterday’s best performing small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Name Price % Change Volume Market Cap MSG Mcs Services Limited 0.40 -55.56 3,730,162 $1,782,897 1MC Morella Corporation 0.30 -25.00 723,890 $24,715,198 AHN Athena Resources 0.30 -25.00 1,703,597 $4,281,870 IS3 I Synergy Group Ltd 0.60 -25.00 1,132,723 $2,432,643 MRQ Mrg Metals Limited 0.15 -25.00 89,550 $4,942,682 OPN Oppenneg 0.60 -25.00 1,246,633 $9,033,437 SUH Southern Hem Min 3.60 -23.40 150,000 $27,754,711 STM Sunstone Metals Ltd 1.00 -23.08 18,274,208 $45,508,470 X2M X2M Connect Limited 4.10 -21.15 259,018 $13,120,219 JPR Jupiter Energy 1.90 -20.83 90,830 $30,567,653 AN1 Anagenics Limited 1.20 -20.00 699,129 $6,286,993 CTO Citigold Corp Ltd 0.40 -20.00 3,962,224 $15,000,000 LRL Labyrinth Resources 0.40 -20.00 178,526 $5,937,719 NAE New Age Exploration 0.40 -20.00 135,856 $8,969,495 ROG Red Sky Energy. 0.40 -20.00 530,375 $27,111,136 SI6 SI6 Metals Limited 0.40 -20.00 7,414,996 $9,969,297 TMK TMK Energy Limited 0.40 -20.00 31,664 $30,612,897 ODY Odyssey Gold Ltd 1.70 -19.05 1,854,384 $18,876,294 NMR Native Mineral Res 2.20 -18.52 323,879 $5,663,264 CBY Canterbury Resources 2.70 -18.18 147,902 $5,667,450 HAL Halo Technologies 11.50 -17.86 23,150 $18,129,330 ABE Ausbondexchange 1.50 -16.67 234,641 $2,028,026 AQI Alicanto Min Ltd 3.00 -16.67 1,284,260 $22,152,125 HT8 Harris Technology Gl 1.00 -16.67 876,234 $3,589,626 JTL Jayex Technology Ltd 0.50 -16.67 1,489,300 $1,687,671
TRADING HALTS
Austchina Holdings (ASX:AUH) – pending announcement release
Prominence Energy (ASX:PRM) – requested extension of voluntary suspension pending a release on project investment component
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
