On Stockhead today, where will you be when the gold gap closes, is this REE junior onto something ever rarer, and met coal M&A still steals the show.
But first the day ahead.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,174.34/oz (-0.40%)
Silver: US$24.41/oz (-0.02%)
Nickel (3mth): US$18,377/t (+2.03%)
Copper (3mth): US$8,653.00/t (+0.86%)
Oil (WTI): US$78.23 (+0.40%)
Oil (Brent): US$82.58 (+0.46%)
Iron 62pc Fe: US$110.50/t (-5.96%)
AUD/USD: 0.6616 (+0.03%)
Bitcoin: US$72,076 (-0.10%)
TRADING HALTS
These stocks went into trading halts yesterday and are expected out in the coming days:
Appen (ASX:APX) – ASX price query letter
Resource Mining Corporation (ASX: RMI) – release of a corrective announcement
Arrow Minerals (ASX: AMD) – capital raising
Sky Metals (ASX: SKY) – capital raising
Asara Resources (ASX: AS1) – capital raising
Red Hawk Mining (ASX: RHK) – capital raising
Tivan (ASX: TVN) – capital raising
Vertex Minerals (ASX: VTX) – capital raising
Painchek (ASX: PCK) – capital raise
YESTERDAY’S ASX SMALL CAP LEADERS
Here are Tuesday’s best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap RMI Resource Mining Corp 0.037 131% 4,167,300 $9,477,565 NYM Narryer Metals 0.059 111% 463,511 $1,343,820 JAV Javelin Minerals Ltd 0.002 100% 250,000 $2,176,231 GCR Golden Cross 0.003 50% 3,086,372 $2,194,512 PKO Peako Limited 0.006 50% 11,182,101 $2,108,339 NYR Nyrada Inc 0.145 45% 15,117,633 $15,600,870 WIN Widgienickellimited 0.075 34% 981,426 $16,684,923 AUK Aumake Limited 0.004 33% 1,383,480 $5,743,220 MTL Mantle Minerals Ltd 0.002 33% 3,629,736 $9,296,169 RIE Riedel Resources Ltd 0.004 33% 250,046 $6,671,507 TKL Traka Resources 0.002 33% 3,604,907 $2,625,988 VPR Volt Power Group 0.002 33% 538,500 $16,074,312 APX Appen Limited 1.08 30% 17,856,416 $181,970,752 CPO Culpeo Minerals 0.045 29% 4,708,563 $5,767,611 AMM Armada Metals 0.019 27% 22,200 $3,120,000 ESK Etherstack PLC 0.245 26% 35,831 $25,737,465 CCO The Calmer Co Int 0.005 25% 14,781 $4,730,787 EDE Eden Inv Ltd 0.0025 25% 3,314,137 $7,356,542 H2G Greenhy2 Limited 0.01 25% 100,000 $3,350,047 RMX Red Mount Mining 0.0025 25% 31,832 $5,347,152 RFA Rare Foods Australia 0.036 24% 150,153 $5,943,530 MSB Mesoblast Limited 0.395 23% 23,827,108 $324,909,516 FTL Firetail Resources 0.05 22% 359,866 $6,105,128 RIM Rimfire Pacific 0.04 21% 12,324,092 $73,268,076 AQC Auspac Coal 0.0665 21% 2,307,385 $28,213,218
Small cap battler Resource Mining Corp (ASX:RMI) caught a rocket in early trade after pXRF soil sampling defined nine big copper-gold targets at the newly acquired Mpanda project in Tanzania.
pXRF is used by explorers to analyse the composition of soils and rocks in minutes, instead of the weeks it takes to get assays back from the lab.
It is no substitute for lab assays though, which are far more accurate.
It might be RMI’s failure to mention this which forced the company into a Trading Halt while it works on a “corrective announcement”.
Narryer Metals (ASX:NYM) stonked +100% after announcing plans to buy 70% of two lithium projects, Big Hill and Fran, in the Northwest Territories of Canada.
Big Hill shares a boundary with $200m capped Li-FT Power (TSXV:LIFT) which is drilling into thick, high grade lithium across multiple pegmatites you can see from space.
NYM has completed a $1m cap raise at a 43% premium (unheard of!) to fund initial exploration.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Here are Tuesday’s worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price % Volume Market Cap AXP AXP Energy Ltd 0.001 -50% 101,123 $11,649,361 MRQ MRG Metals Limited 0.001 -50% 25,000 $4,942,682 IS3 I Synergy Group Ltd 0.01 -29% 367,055 $4,257,125 SLZ Sultan Resources Ltd 0.02 -26% 3,618,724 $4,001,131 1AG Alterra Limited 0.003 -25% 150,000 $3,482,763 1MC Morella Corporation 0.003 -25% 1,265,359 $24,715,198 NES Nelson Resources. 0.003 -25% 1,300,000 $2,454,377 NRZ Neurizer Ltd 0.003 -25% 15,959,702 $6,005,643 SFG Seafarms Group Ltd 0.003 -25% 2,064,344 $19,346,397 RLG Roolife Group Ltd 0.007 -22% 221,778 $6,503,023 AN1 Anagenics Limited 0.012 -20% 44,069 $6,286,993 CF1 Complii Fintech Ltd 0.02 -20% 434,761 $14,198,013 BNL Blue Star Helium Ltd 0.008 -20% 14,131,189 $19,422,653 GCM Green Critical Minerals 0.004 -20% 7,275 $5,682,925 NAE New Age Exploration 0.004 -20% 91,560 $8,969,495 PRX Prodigy Gold NL 0.004 -20% 871,984 $8,755,539 ROG Red Sky Energy. 0.004 -20% 1,446,217 $27,111,136 TMX Terrain Minerals 0.004 -20% 10,160,209 $7,158,353 EVR Ev Resources Ltd 0.01 -17% 11,924,682 $15,855,258 M4M Macro Metals Limited 0.005 -17% 37,012,429 $16,872,467 MSI Multistack Internat. 0.005 -17% 814,969 $817,824 TX3 Trinex Minerals Ltd 0.005 -17% 1,900,000 $8,922,148 VRC Volt Resources Ltd 0.005 -17% 564,659 $24,780,640 CR1 Constellation Res 0.11 -15% 25,000 $6,487,705 IMC Immuron Limited 0.11 -15% 3,769,965 $29,613,785
The precipitous fall of once great lithium developer Lake Resources (ASX:LKE) continues.
Worth ~$2.7bn at $2.11/sh in April 2022, the struggling stock has now announced a $20m raise at just 7c per share to keep the lights on.
The issue price represents a massive 39.1% discount to the last closing price of A$0.115 on 8 March 2024 and a 42.3% discount to the 5-day VWAP of A$0.121.
Meanwhile, Blue Star (ASX:BNL) will pause development at the Voyager project after being “disappointed” with the performance from the first two helium development wells.
Voyager was spruiked as a capex light development “projected to deliver high returns and maximum product market pricing and flexibility”.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
