Good morning.
On Stockhead today, is this brain injury stock the next Neuren? How Bronwyn Barnes blazed a trail through mining, and a host of cashed up ASX juniors.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,148.30 (+1%)
Silver: US$24.17 (+2%)
Nickel (3mth): US$17,759/t (-1%)
Copper (3mth): US$8,491.50/t (-0.6%)
Oil (WTI): US$79.14 (+1.3%)
Oil (Brent): US$82.91 (+1.05%)
Iron 62pc Fe: US$115.1/t (+0.5%)
AUD/USD: 0.6567 (+1%)
Bitcoin: US$66,392 (+4.5%)
WHAT GOT YOU TALKING
Well it certainly can’t hurt to try:
A new study has found #cannabis *could* kill #melanoma. #ASX #weed #stocks https://t.co/R7lpO2XZrH
— Stockhead (@StockheadAU) March 6, 2024
ASX SMALL CAP LEADERS
Thursday’s best performing small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Name Price % Change Volume Market Cap ABE Ausbondexchange 3.50 150.00 419,865 1,577,354 IMC Immuron Limited 12.50 89.39 32,235,550 15,034,691 ADG Adelong Gold Limited 0.45 50.00 1,872,904 2,153,967 CNJ Conico Ltd 0.30 50.00 5,394,860 3,140,190 LRL Labyrinth Resources 0.60 50.00 3,821,249 4,750,175 M4M Macro Metals Limited 0.60 50.00 104,171,025 11,248,311 EMD Emyria Limited 6.20 34.78 1,610,931 16,864,952 1AG Alterra Limited 0.40 33.33 200,000 2,612,072 LSR Lodestar Minerals 0.20 33.33 5,253,255 3,035,096 PEC Perpetual Res Ltd 0.80 33.33 7,810,998 3,840,177 SFG Seafarms Group Ltd 0.40 33.33 200,000 14,509,798 SLZ Sultan Resources Ltd 2.30 27.78 4,426,088 2,667,421 MMM Marley Spoon Se 5.40 25.58 566,556 5,062,149 ICE Icetana Limited 3.50 25.00 150,000 7,409,596 EDE Eden Inv Ltd 0.25 25.00 1,327,343 7,356,542 IEC Intra Energy Corp 0.25 25.00 25,000 3,381,563 MCT Metalicity Limited 0.25 25.00 5,943,160 8,970,108 TMK TMK Energy Limited 0.50 25.00 7,834,223 24,490,317 PGM Platina Resources 2.10 23.53 2,274,157 10,594,066 TOU Tlou Energy Ltd 4.20 23.53 197,973 36,602,248 FBM Future Battery 6.70 21.82 530,455 29,356,579 BSX Blackstone Ltd 6.90 21.05 1,093,321 29,877,754 PNX PNX Metals Limited 0.60 20.00 1,031,513 26,903,124 PUR Pursuit Minerals 0.60 20.00 1,843,499 14,719,857 SUH Southern Hem Min 4.30 19.44 91,791 21,258,927
Immuron (ASX:IMC) jumped 80% after announcing interim topline results confirming the efficacy of Travelan in preventing diarrhoea following a bout of enterotoxigenic Escherichia coli (ETEC). The study on 60 patients show that a single daily dose of Travelan is 36.4% effective in the prevention of moderate to severe diarrhoea induced by ETEC, when compared to the placebo group in the study. Around 66.7% protective efficacy against ETEC-induced severe diarrhoea was also observed in the patients taking Travelan, compared to the placebo group (secondary endpoint).
Heavy Minerals (ASX:HVY) has signed a non-binding Memorandum of Understanding with ABSS for the future sales of a minimum of 15,000 tonnes per annum of garnet to be produced at its Port Gregory Project for an initial three-year period. This offtake will account for approximately 10% of the Company’s annual future Garnet production at its Port Gregory Project and will be sold into the Australian and New Zealand sand blasting and water jet cutting markets by ABSS.
Widgie Nickel (ASX:WIN) says its Mt Edwards project has benefited from the Federal Government’s call to put nickel on the critical list, as that has propelled the project into feasible, standalone territory. Widgie says a fresh scoping study shows that it’s good for an 800ktpa standalone nickel concentrator producing 103,000tpa @ 10.1% Ni concentrate for 10,380 tonnes of contained nickel per year.
ASX SMALL CAP LAGGARDS
Thursday’s worst performing small cap stocks
Swipe or scroll to reveal full table. Click headings to sort:
Code Name Price % Change Volume Market Cap AXP AXP Energy Ltd 0.10 -50.00 5,756,278 11,649,361 VPR Volt Power Group 0.10 -50.00 343,790 21,432,416 SIH Sihayo Gold Limited 0.10 -33.33 3,334 18,306,384 8VI 8Vi Holdings Limited 4.00 -28.57 15,950 2,347,040 1MC Morella Corporation 0.30 -25.00 804,807 24,715,198 RIE Riedel Resources Ltd 0.30 -25.00 181,731 8,895,343 RFA Rare Foods Australia 3.00 -21.05 37,200 7,788,074 DOU Douugh Limited 0.40 -20.00 1,005,892 5,410,345 H2G Greenhy2 Limited 0.80 -20.00 50,000 4,187,558 KPO Kalina Power Limited 0.40 -20.00 28 11,050,640 PRX Prodigy Gold NL 0.40 -20.00 169,470 8,755,539 ROG Red Sky Energy. 0.40 -20.00 2,541,200 27,111,136 VAL Valor Resources Ltd 0.20 -20.00 221,391 11,472,533 TGN Tungsten Min NL 5.80 -17.14 53,796 55,048,999 RMI Resource Mining Corp 1.50 -16.67 122,246 10,662,261 88E 88 Energy Ltd 0.50 -16.67 23,622,614 150,744,375 ADD Adavale Resource Ltd 0.50 -16.67 654,100 6,067,033 ECT Env Clean Tech Ltd. 0.50 -16.67 8,720,137 17,185,862 ID8 Identitii Limited 1.00 -16.67 109,500 5,162,856 NME Nex Metals Explorat 2.10 -16.00 167,655 8,813,313 JRV Jervois Global Ltd 2.45 -15.52 19,456,347 78,373,100 DBO Diabloresources 2.30 -14.81 178,501 2,782,929 OXT Orexploretechnologie 2.30 -14.81 565,056 5,276,222 DRO Droneshield Limited 59.50 -14.39 15,984,671 425,446,760 BCK Brockman Mining Ltd 2.40 -14.29 30,000 259,846,500
Venture Minerals (ASX:VMS) has received a $1.05 million refund from the ATO from “significant R&D expenditure” on metallurgical testwork and studies at its Mount Lindsay tin-tungsten project in Tasmania during the previous financial year.
Camplify (ASX:CHL) dropped after Tourism Holdings (ASX:THL) sold its 14.14% holding in CHL at $1.90 per share, for ~$19.2m.
TRADING HALTS
Ramelius Resources (ASX:RMS) – response to media speculation.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
