Good morning.
On Stock head today, Guy Le Page summons the ghost of Elvis, a tempting junior uranium sandwich, and who’s our momentum trader of the week, we hear you say? IT’S ONLY PAUL TUDOR JONES!
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,159.84 (+0.55%)
Silver: US$24.32 (+0.65%)
Nickel (3mth): US$17,717/t (-0.25%)
Copper (3mth): US$8,577/t (+1%)
Oil (WTI): US$79.44 (+0.40%)
Oil (Brent): US$83.28 (+0.40%)
Iron 62pc Fe: US$117.96/t (+0.85%)
AUD/USD: 0.6621 (+0.90%)
Bitcoin: US$67,518 (+1.85%)
WHAT GOT YOU TALKING
That’s gold, that is:
#Gold hit an all-time high this week, marching on, ending Friday in strong form. https://t.co/27Ueh6bumH
— Stockhead (@StockheadAU) March 8, 2024
ASX SMALL CAP LEADERS
Friday’s best performing small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Name Price % Change Volume Market Cap MAG Magmatic Resrce Ltd 6.90 53.33 10,037,005 $13,756,176 OLL Openlearning 2.60 52.94 2,483,643 $4,553,774 VAL Valor Resources Ltd 0.30 50.00 807,740 $9,178,027 1CG One Click Group Ltd 1.00 42.86 2,711,811 $4,817,252 MRQ Mrg Metals Limited 0.20 33.33 3,445,025 $3,707,012 VUK Virgin Money Uk PLC 408.00 32.90 13,477,967 $2,039,308,682 HXG Hexagon Energy 1.70 30.77 2,381,019 $6,667,907 KNB Koonenberrygold 3.40 30.77 467,058 $3,113,476 OEC Orbital Corp Limited 16.00 28.00 310,520 $18,225,842 8VI 8Vi Holdings Limited 5.00 25.00 24,000 $1,676,457 CTO Citigold Corp Ltd 0.50 25.00 2,000,000 $12,000,000 GMN Gold Mountain Ltd 0.50 25.00 6,055,073 $9,111,514 IEC Intra Energy Corp 0.25 25.00 930,000 $3,381,563 KPO Kalina Power Limited 0.50 25.00 2,107,010 $8,840,512 PRX Prodigy Gold NL 0.50 25.00 420,676 $7,004,431 RAC Race Oncology Ltd 127.00 24.51 479,181 $167,416,806 PWN Parkway Corp Ltd 1.10 22.22 5,690,965 $22,619,025 AGR Aguia Res Ltd 1.80 20.00 2,272,927 $8,692,293 IMC Immuron Limited 15.00 20.00 15,847,586 $28,474,793 COY Coppermoly Limited 1.20 20.00 17,400 $7,076,574 NTM Nt Minerals Limited 0.60 20.00 1,105,617 $4,299,515 TX3 Trinex Minerals Ltd 0.60 20.00 650,001 $7,435,123 CXU Cauldron Energy Ltd 4.40 18.92 9,392,123 $44,852,128 MGU Magnum Mining & Exp 1.90 18.75 9,237,351 $12,949,782 AQI Alicanto Min Ltd 3.50 16.67 273,939 $18,460,104
Magmatic Resources (ASX:MAG) says a farm-in and Joint Venture Agreement has been executed with Fortescue (ASX:FMG) at the Myall Project. Fortescue will spend up to $14m over six years to earn up to 75% joint venture interest in the project. Fortescue will also subscribe for 75,946,151 shares in MAG shares at a price of $0.04884 per share to hold a 19.9% stake in the company.
OpenLearning (ASX:OLL) says it’s signed a three-year platform SaaS and content licence deal with the Asia Pacific International College. OLL says the minimum value is $1.07 million. APIC is a higher education institution with campuses in Sydney, Melbourne and Brisbane that offers undergraduate and postgraduate degree courses to over 4,000 students per year.
Imricor Medical Systems (ASX:IMR) says the Ethics Committee at Lausanne University Hospital (CHUV) has approved its VISABL-AFL clinical trial. This is the first of two approvals required for CHUV to join the trial. The final approval required is from Swissmedic, the competent authority in Switzerland. VISABL-AFL is the global trial to support US FDA approval of Imricor’s products.
And Pointerra (ASX:3DP) has been awarded a contract from U.S. energy utility customer worth US$1.9 million ($2.9 million). The company’s AI driven analytics platform will be used to extract information and insight from 3D LiDAR and imagery data. Pointerra expects to complete contract deliverables this year.
ASX SMALL CAP LAGGARDS
Today’s best 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 -50.00 687,696 $11,649,361 ACS Accent Resources NL 0.60 -40.00 1,790 $4,731,273 RBR RBR Group Ltd 0.20 -33.33 1,003,928 $4,855,214 HHR Hartshead Resources 0.70 -30.00 39,773,472 $28,086,821 AUK Aumake Limited 0.30 -25.00 3,370 $7,657,627 EXL Elixinol Wellness 0.60 -25.00 2,327,036 $5,062,973 RAS Ragusa Minerals Ltd 2.60 -21.21 38,654 $4,705,760 INP Incentiapay Ltd 0.40 -20.00 50,535 $6,219,650 MCT Metalicity Limited 0.20 -20.00 108,995 $11,212,634 NAE New Age Exploration 0.40 -20.00 3,082,815 $8,969,495 TMR Tempus Resources Ltd 0.40 -20.00 696,567 $3,654,994 VML Vital Metals Limited 0.40 -20.00 125,919 $29,475,335 WHK Whitehawk Limited 2.65 -19.70 29,164,479 $11,156,334 ICL Iceni Gold 2.50 -19.35 441,612 $7,643,393 ICU Investor Centre Ltd 1.70 -19.05 2,476,375 $6,367,159 AL8 Alderan Resource Ltd 0.50 -16.67 3,000,000 $6,641,168 ASR Asra Minerals Ltd 0.50 -16.67 1,050,000 $9,983,974 EMT Emetals Limited 0.50 -16.67 2,000 $5,100,000 IPB IPB Petroleum Ltd 1.00 -16.67 100,000 $6,781,469 MOH Moho Resources 0.50 -16.67 201,245 $3,235,069 OAR OAR Resources Ltd 0.25 -16.67 178,800 $7,959,933 PNX PNX Metals Limited 0.50 -16.67 240,000 $32,283,748 VRC Volt Resources Ltd 0.50 -16.67 652,452 $24,780,640 YOJ Yojee Limited 4.60 -16.36 363,097 $9,577,321 REM Remsensetechnologies 2.10 -16.00 273,541 $3,217,117
Juno Minerals’ (ASX:JNO) Phase 2 Priority 1 drill program has been completed with all assay results now being received. From the assay results reported, low levels of lithium, tantalum and tin were recorded, with no significant intersections of lithium encountered. The lithium pathfinder element data from the assay results will now be modelled to inform the next exploration phase on the Mount Ida Lithium Prospect.
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.
