Good morning everyone, and welcome to 04 April, 2024. The Stockhead team has been hard at work – as usual – and I have once again dived bravely into my browser’s bookmarks, and come up with a bunch of numbers and loads of words, which I’ve included in no particular order down below, so I hope it makes sense.
Beyond all this on Stockhead today, Josh Chiat’s as close as he’s ever going to get to becoming a silver bro, Eddy Sunarto’s discovered some fancy new undies, and Christian Edwards says ‘what’s Chiat on about, guess I’ll have to cover gold then like a proper resources journalist’.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,285.60 (+0.12%)
Silver: US$25.36 (+0.42%)
Nickel (3mth): US$16,975.00/t (+2.71%)
Copper (3mth): US$9,053.85/t (+1.86%)
Oil (WTI): US$85.11 (+0.06%)
Oil (Brent): US$88.95 (+0.03%)
Iron 62pc Fe: US$102.91/t (+0.56%)
AUD/USD: 0.6516 (+0.05%)
Bitcoin: US$66,252.30 (+1.15%)
WHAT GOT YOU TALKING
Rob Badman’s conjured up more Resources madness, and this time it’s got a picture of a robot on it. Well.. kind of a robot. You’ll see…
Here are some of the biggest #ASX #resources winners in early trade. @ESR_Estrella ( $ESR ) @TungstenMinTGN ( $TGN ) @AltoMetalsLtd ( $AME ) @KulaGold ( $KGD ) https://t.co/bklj6o2Afx
— Stockhead (@StockheadAU) April 5, 2024
FRIDAY’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Name Price % Change Volume Market Cap RGS Regeneus Ltd 0.012 140.00 22,284,696 1,532,185 RIL Redivium Limited 0.0045 50.00 557,610 8,192,564 HHR Hartshead Resources 0.007 40.00 29,112,821 14,043,411 ENX Enegex Limited 0.025 38.89 39,800 6,640,488 HCD Hydrocarbon Dynamic 0.004 33.33 1,975,261 2,425,747 EXR Elixir Energy Ltd 0.092 29.58 36,284,959 80,418,171 TZL TZ Limited 0.025 25.00 26,914 5,135,162 SIX Sprintex Ltd 0.016 23.08 1,740,114 6,114,046 YRL Yandal Resources 0.135 22.73 205,649 29,458,838 NYR Nyrada Inc. 0.12 22.45 4,388,482 17,582,053 OMA Omegaoilgaslimited 0.175 20.69 642,325 39,627,991 SLM Solismineralsltd 0.12 20.00 1,015,168 7,807,725 ESR Estrella Res Ltd 0.006 20.00 166,666 8,796,859 MOH Moho Resources 0.006 20.00 700,000 2,695,891 OSL Oncosil Medical 0.006 20.00 22,089,456 11,277,706 PRX Prodigy Gold NL 0.003 20.00 182,000 4,852,353 BNZ Benzmining 0.155 19.23 182,350 14,466,137 GAS State GAS Limited 0.155 19.23 119,961 35,649,483 CDD Cardno Limited 0.47 18.99 557,752 15,428,962 XPN Xpon Technologies 0.02 17.65 165,000 5,161,339 1MC Morella Corporation 0.0035 16.67 153,930 18,536,398 BNL Blue Star Helium Ltd 0.007 16.67 320,730 11,653,592 EMP Emperor Energy Ltd 0.014 16.67 185,316 4,088,850 FGL Frugl Group Limited 0.007 16.67 868,965 8,938,647 SCN Scorpion Minerals 0.028 16.67 152,000 9,826,949
Friday’s Small Cap Winners included:
The big news for Friday came via Regeneus (ASX:RGS), after it announced that it has successfully completed a big merger with Cambium Medical Technologies, sending Regeneous shares up +180%. The merger will also see a name change for the entity, and there’s been paperwork lodged with the ASX to rebrand to Cambium Bio (ASX:CBL), while work on the company’s leading collaboration, the development of Elate Ocular, a novel biologic for dry eye disease, continues.
Elixir Energy (ASX:EXR) also had a solid day, revealing that the company decided to test the free-flowing capacity of the Lorelle Sandstone between 4,200 and 4,217 metres, following a recent successful suite of Diagnostic Formation Integrity Tests (DFITs) conducted at Daydream-2. The fresh testing has been deemed a success, with a maximum rate of 2.3 Million Standard Cubic Feet Per Day (MMSCFPD) and stabilised flow rate of 1.3 MMSCFPD (through a 20/64 choke), which the company understands is the deepest unstimulated flow of gas in onshore Australia East of the Perth Basin.
And Biotron (ASX:BIT) has dropped some happy-happy news on the market, announcing that preliminary analyses of data from the BIT225-010 Phase 2 clinical trial of the company’s lead antiviral drug BIT225 provide confirmation, and extension, of the positive results of previous trials in people infected with HIV-1.
Estrella Resources (ASX:ESR) announced that results from initial rock-chip samples are in, which the company says were taken before the granting of Exploration and Evaluation Licences and Reconnaissance Permits for ESR in Timor-Leste. The samples were then brought back to Australia for further analysis. And that turned up an assay result of 60.8% manganese – one of four samples taken during initial limited reconnaissance. Estrella also notes that multiple manganese exposures have been documented across the 503.7km2 leases in Lautém with no modern exploration undertaken.
FRIDAY’S ASX SMALL CAP LAGGARDS
Here are the worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Name Price % Change Volume Market Cap MRD Mount Ridley Mines 0.001 -33.33 1,000,000 $11,677,324 MRQ Mrg Metals Limited 0.002 -25.00 326,923 $5,050,237 ZMI Zinc of Ireland NL 0.015 -25.00 363,296 $4,262,886 VAL Valor Resources Ltd 0.048 -22.58 2,718,015 $11,380,796 AEV Avenira Limited 0.007 -22.22 84,290,985 $19,733,144 FGR First Graphene Ltd 0.062 -20.51 934,157 $51,421,634 H2G Greenhy2 Limited 0.008 -20.00 250,000 $4,187,558 MCT Metalicity Limited 0.002 -20.00 10,110,189 $11,212,634 MSI Multistack Internat. 0.004 -20.00 181 $681,520 PKO Peako Limited 0.004 -20.00 444,600 $2,635,424 OLL Openlearning 0.017 -19.05 199,738 $5,625,251 SEG Sports Ent Grp Ltd 0.190 -17.39 4,000 $60,892,130 AYT Austin Metals Ltd 0.005 -16.67 501,616 $7,711,148 CAV Carnavale Resources 0.005 -16.67 209,333 $20,541,310 CYQ Cycliq Group Ltd 0.005 -16.67 4,594,733 $2,145,100 EMT Emetals Limited 0.005 -16.67 210,000 $5,100,000 MHC Manhattan Corp Ltd 0.003 -16.67 2,000,000 $8,810,939 ODE Odessa Minerals Ltd 0.005 -16.67 616,771 $6,259,695 RR1 Reach Resources Ltd 0.003 -16.67 359,671 $9,836,169 SGC Sacgasco Ltd 0.010 -16.67 2,265,865 $9,356,245 TAS Tasman Resources Ltd 0.005 -16.67 162,044 $4,276,016 YAR Yari Minerals Ltd 0.005 -16.67 2,275 $2,894,147 DTM Dart Mining NL 0.039 -15.22 2,255,027 $10,468,663 M2R Miramar 0.012 -14.29 1,700,410 $2,084,174 OAU Ora Gold Limited 0.006 -14.29 6,027,442 $40,642,006
TRADING HALTS
Bulletin Resources (ASX:BNR) – pending an announcement in relation to an update on its Ravensthorpe lithium project.
Alice Queen (ASX:AQX) – pending an announcement by the Company to the market regarding a strategic capital raising.
Coolabah Metals (ASX:CBH) – pending an announcement regarding a material capital raising.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
