Rise and Shine: Everything you need to know before the ASX opens

Good morning everyone, today on Stockhead, Nadine’s very interested in old drugs making a comeback, Eddy’s got a couple of broker upgrades, and Jess chats with Zinc of Ireland’s CEO about… well, zinc.

But first:

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,343.12 (-1.39%)

Silver: US$27.86 (-2.09%)

Nickel (3mth): US$17,797.00/t (-0.08%)

Copper (3mth): US$9,457.50/t (+1.24%)

Oil (WTI): US$85.66 (+0.75%)

Oil (Brent): US$90.45 (+0.79%)

Iron 62pc Fe: US$106.50/t (+1.28%)

AUD/USD: 0.6476 (+0.07%)

Bitcoin: US$64,449.20 (+0.28%)

WHAT GOT YOU TALKING

This uranium deficit. Looks legit.

Even mine restarts in 2024 – which @CG_Driven expects to push #uranium supply up ~7% to 150Mlbs per annum – won’t be enough to balance the market. https://t.co/c4oUqDFRPq

— Stockhead (@StockheadAU) April 14, 2024

ASX LARGE CAP WINNERS TODAY:

Code Name Last % Change Volume Market Cap AWC Alumina Limited 1.60 7% 13,419,274 $4,352,522,126 S32 South32 Limited 3.46 5% 26,749,627 $14,901,260,689 NIC Nickel Industries 0.90 5% 6,058,517 $3,685,796,497 MAD Mader Group Limited 6.45 4% 499,281 $1,240,000,000 RIO Rio Tinto Limited 132.66 4% 1,101,997 $47,478,553,771 ZIM Zimplats Holding Ltd 18.12 3% 1,528 $1,899,804,505 ELD Elders Limited 8.50 2% 383,093 $1,307,744,933 CTT Cettire 3.19 2% 3,119,102 $1,189,463,246 ABG Abacus Group 1.16 2% 452,338 $1,018,769,702 PWH Pwr Holdings Limited 11.25 2% 96,928 $1,111,354,489 FBU Fletcher Building 3.62 2% 647,903 $2,787,635,202 IGO IGO Limited 7.63 2% 2,952,072 $5,679,508,598 DRR Deterra 4.81 2% 374,453 $2,500,512,263 EDV Endeavour 5.32 2% 2,027,638 $9,384,735,289 HLI Helia Group Limited 3.89 1% 819,293 $1,129,032,448 YAL Yancoal Aust Ltd 5.75 1% 1,084,852 $7,500,096,002 AIA Auckland Internation 7.41 1% 242,872 $10,813,829,039

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ASX SMALL CAP LEADERS

Yesterday’s best performing small cap stocks:

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Code Name Price % Change Volume Market Cap MRQ MRG Metals 0.002 100% 1,500,000 $2,525,119 NRZ Neurizer Ltd 0.005 67% 32,476,191 $4,504,232 FXG Felix Gold Limited 0.073 55% 1,212,824 $9,739,110 ERL Empire Resources 0.003 50% 830,000 $2,225,870 PLL Piedmont Lithium Inc 0.295 44% 15,883,086 $78,685,663 LU7 Lithium Universe Ltd 0.029 38% 8,329,200 $8,158,960 NVU Nanoveu Limited 0.023 35% 867,443 $7,576,825 MKL Mighty Kingdom Ltd 0.004 33% 12,030,897 $1,983,800 TD1 Tali Digital Limited 0.002 33% 510,000 $4,942,733 FTZ Fertoz Ltd 0.034 31% 149,832 $6,506,471 CVR Cavalierresources 0.215 30% 411,634 $5,251,771 BNZ Benzmining 0.190 27% 232,750 $16,691,696 ME1 Melodiol Glb Health 0.005 25% 1,684,535 $2,152,772 MTB Mount Burgess Mining 0.003 25% 763,864 $2,089,627 TX3 Trinex Minerals Ltd 0.005 25% 144,603 $6,979,637 CY5 Cygnus Metals Ltd 0.090 23% 3,077,209 $21,283,817 BDT Birddog 0.087 23% 357,779 $13,705,917 MGA Metalsgrovemining 0.049 23% 193,057 $1,488,020 MAG Magmatic Resrce Ltd 0.113 22% 764,845 $35,110,783 VKA Viking Mines Ltd 0.011 22% 1,322,852 $9,227,326 LYN Lycaonresources 0.205 21% 107,138 $7,489,563 ZER Zeta Resources Ltd 0.240 20% 55 $106,080,139 ENT Enterprise Metals 0.003 20% 2,500,099 $2,004,927 OAU Ora Gold Limited 0.006 20% 1,214,544 $29,030,004

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US lithium stock Piedmont (ASX:PLL) received an all-important mining approval for the Carolina Lithium project in North Carolina.

“We plan to develop Carolina Lithium as one of the lowest cost, most sustainable lithium hydroxide operations in the world, and as a critical part of the American electric vehicle supply chain,” PLL boss Keith Phillips says. “The project is expected to contribute billions of dollars of economic output and several hundred jobs to Gaston County and North Carolina’s growing electrification economy.”

Adherium’s (ASX:ADR) Hailie ‘smart inhaler’ received clearance from the U.S. Food and Drug Administration (FDA) for use with AstraZeneca’s Airsupra and Breztri inhalation devices.

Explorer NewPeak (ASX:NPM) will buy an early stage Canadian uranium, rare earths and scandium project for $500,000 in shares.

OzAurum Resources (ASX:OZM) says drilling has started the Boca Rica lithium project in Brazil.

ASX SMALL CAP LAGGARDS

Today’s best performing small cap stocks:

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Code Name Price % Change Volume Market Cap AXP AXP Energy Ltd 0.0010 -50% 102,041 $11,649,361 RMX Red Mount Min Ltd 0.0010 -33% 14,277 $4,010,364 TIG Tigers Realm Coal 0.0040 -27% 99,996 $71,866,863 CHK Cohiba Min Ltd 0.0030 -25% 8,842 $14,352,977 CNJ Conico Ltd 0.0015 -25% 805,246 $3,610,190 HCD Hydrocarbon Dynamic 0.0030 -25% 286 $3,234,329 PPY Papyrus Australia 0.0100 -23% 138,830 $6,405,004 JPR Jupiter Energy 0.0200 -20% 7,000 $31,841,305 1AG Alterra Limited 0.0040 -20% 720,000 $4,353,453 BLZ Blaze Minerals Ltd 0.0040 -20% 4,597,499 $3,142,791 BXN Bioxyne Ltd 0.0080 -20% 1,609,522 $19,016,454 CMB Cambium Bio Limited 0.0080 -20% 2,433,855 $7,660,923 KPO Kalina Power Limited 0.0040 -20% 130,889 $11,050,640 PEC Perpetual Res Ltd 0.0090 -18% 326,387 $7,040,324 RFX Redflow Limited 0.1250 -17% 2,376,282 $35,567,997 CAV Carnavale Resources 0.0050 -17% 2,000,000 $20,541,310 ESR Estrella Res Ltd 0.0050 -17% 340,884 $10,556,231 RML Resolution Minerals 0.0025 -17% 979,186 $4,829,990 RR1 Reach Resources Ltd 0.0025 -17% 656 $9,836,169 SER Strategic Energy 0.0100 -17% 248,760 $5,829,782 SIT Site Group Int Ltd 0.0025 -17% 9,000 $7,807,471 TAS Tasman Resources Ltd 0.0050 -17% 200,800 $4,276,016 TMR Tempus Resources Ltd 0.0050 -17% 10,000 $4,385,992 SLM Solismineralsltd 0.1100 -15% 380,747 $10,084,522

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