Good morning everyone, and welcome to 18 April, 2024 – an important date in the history of everything, for a variety of rapidly-cobbled together reasons.
First of all, on this day in 1025, Bolesław Chrobry was crowned in Gniezno, becoming the first King of Poland and the first ever Eastern European Scrabble champion, just by submitting his entry form.
In 1845, a fella called William Lamb (aka Lord Melbourne) became Prime Minister of the United Kingdom after Robert Peel had a massive strop and walked off the job.
In 1874 David Livingstone, who got famous for exploring Africa, was buried in Westminster Abbey, leading me to believe that if he was dug up from that spot, whoever was manning the shovels would be morally obligated to say “Dr Livingstone, I exhume…”
In 1906, the city of San Francisco was nearly levelled by an earthquake, which claimed 4,000 lives and led to the city being rebuilt on the same friggin’ spot because people just can’t take a hint.
And in 1915, a French pilot Roland Garros is shot down and glides to a landing on the German side of the lines during World War I, lending his name to some tennis courts later in life, as a tribute to “the greatest drop-shot a Frenchman ever played”.
On the plus side of the ledger this morning, that’s about all the silliness I have time for – the rest of today’s Rise and Shine is all about giving you facts, figures and the lowdown on what’s happening before the market opens today.
That includes Earlybird Eddy’s look at what’s happening in the brave new world of weed stocks, and possibly a thing I wrote about a really exciting development in semiconductor tech.
On top of all that, I’ve fired up a tired old laptop to shake the internet hard enough for a bunch of data to fall out and written it all down in some kind of ord3r, so hopefully it all makes sense.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,380.57 (-0.17%)
Silver: US$28.25 (+0.24%)
Nickel (3mth): US$17,821.00/t (-0.14%)
Copper (3mth): US$9,376.50/t (-1.30%)
Oil (WTI): US$84.77 (-0.67%)
Oil (Brent): US$89.44 (-0.72%)
Iron 62pc Fe: US$106.07/t (+0.02%)
AUD/USD: 0.6406 (-0.09%)
Bitcoin: US$64,235.40 (+0.75%)
WHAT GOT YOU TALKING
Health stocks are still behind some of the biggest market moves this month, so here’s a handy recap of what’s been going on in that slice of the ASX.
#ASX #health #stocks:
@FirebrickPharma ( $FRE ) surged 80pc after launching #Nasodine in the US
@NextScience ( $NXS ) says it antimicrobial solution is effective https://t.co/tkBgVDgkyq
— Stockhead (@StockheadAU) April 17, 2024
YESTERDAY’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 MRD Mount Ridley Mines 0.002 100% 598,894 $7,784,883 FRE Firebrickpharma 0.077 51% 8,360,754 $9,126,284 BUR Burleyminerals 0.064 36% 1,299,622 $4,901,948 RNU Renascor Res Ltd 0.113 36% 27,478,222 $210,770,822 IEC Intra Energy Corp 0.002 33% 675,000 $2,536,172 MEG Megado Minerals Ltd 0.013 30% 318,437 $2,544,556 LSA Lachlan Star Ltd 0.076 29% 556,409 $12,246,819 BVR Bellavistaresources 0.200 25% 522,594 $7,937,756 AMD Arrow Minerals 0.005 25% 5,006,161 $37,918,825 MKL Mighty Kingdom Ltd 0.005 25% 6,298,013 $2,645,066 OAR OAR Resources Ltd 0.003 25% 284,907 $6,306,622 RML Resolution Minerals 0.003 25% 250,000 $3,219,994 RR1 Reach Resources Ltd 0.003 25% 217,315 $7,380,040 AS1 Asara Resources Ltd 0.011 22% 2,324,469 $7,939,578 FZR Fitzroy River Corp 0.150 20% 38,662 $13,494,281 LPD Lepidico Ltd 0.003 20% 29,724,288 $19,095,770 GAS State GAS Limited 0.125 19% 147,378 $28,793,813 KAM K2 Asset Mgmt Hldgs 0.050 19% 25,571 $10,125,578 AKO Akora Resources 0.175 17% 551,377 $14,247,422 BNL Blue Star Helium Ltd 0.007 17% 7,668,848 $11,653,592 PUA Peak Minerals Ltd 0.004 17% 522,512 $3,124,130 SI6 SI6 Metals Limited 0.004 17% 5,562,376 $7,106,578 TMK TMK Energy Limited 0.004 17% 1,335,260 $20,267,144 NXM Nexus Minerals Ltd 0.071 16% 444,398 $23,732,668 AKN Auking Mining Ltd 0.022 16% 574,163 $4,471,720
Yesterday’s Small Cap Winners included:
The big mover on Wednesday was Firebrick Pharma (ASX:FRE), after it announced that its Nasodine nasal spray was being launched in the United States. The company pointed out that the spray will be marketed in the US “for ‘nasal hygiene’ without any therapeutic claims”, bypassing the need for the spray to receive FDA approval. Clever, clever.
Renascor Resources (ASX:RNU) climbed nicely on news that the Australian Government, through Export Finance Australia (EFA), has conditionally approved a $185 million loan facility from the Australian Government’s $4 billion Critical Minerals Facility to support the development of Renascor’s planned vertically integrated battery anode material manufacturing operation.
And DroneShield (ASX:DRO) was up on news that the NATO Support and Procurement Agency (NSPA) has approved the first Counter-small UAS (C-UAS) procurement framework agreement in NATO history, signed through COBBS BELUX BV, DroneShield’s in-country Belgium and Luxembourg partner for an initial three-year agreement with extension options. Plus, there’s a couple of wars on, apparently.
YESTERDAY’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 OSX Osteopore Limited 0.13 -58% 327,314 $3,098,607 DUB Dubber Corp Ltd 0.06 -53% 22,454,472 $77,144,481 CNJ Conico Ltd 0.00 -33% 151,667 $2,707,643 AXP AXP Energy Ltd 0.00 -25% 22,383 $11,649,361 CTN Catalina Resources 0.00 -25% 290,912 $4,953,948 JAV Javelin Minerals Ltd 0.00 -25% 10,500,002 $4,352,462 ROG Red Sky Energy. 0.00 -25% 27,623 $21,688,909 WSR Westar Resources 0.01 -20% 1,810,389 $2,780,363 88E 88 Energy Ltd 0.00 -20% 23,450,833 $125,620,313 AOA Ausmon Resorces 0.00 -20% 124,625 $2,647,498 ASV Assetvisonco 0.01 -19% 23,875 $11,613,385 VKA Viking Mines Ltd 0.01 -18% 262,180 $11,277,843 E33 East 33 Limited. 0.01 -18% 1,732,183 $9,130,508 LYN Lycaonresources 0.24 -17% 1,260,519 $12,776,313 ASM Ausstratmaterials 1.20 -17% 1,017,165 $240,180,454 ADY Admiralty Resources. 0.01 -17% 26,200 $9,776,844 EPM Eclipse Metals 0.01 -17% 1,043,220 $26,530,266 YAR Yari Minerals Ltd 0.01 -17% 19,307 $2,894,147 WMG Western Mines 0.27 -16% 734,702 $24,026,618 FAL Falconmetalsltd 0.14 -15% 111,519 $29,205,000 VMS Venture Minerals 0.02 -15% 22,878,240 $61,200,352 ADG Adelong Gold Limited 0.00 -14% 49,582 $3,081,711 AEV Avenira Limited 0.01 -14% 682,329 $16,443,238
TRADING HALTS
Renascor Resources (ASX:RNU) – pending an announcement to the market regarding debt financing of the company’s phase one graphite concentrate operation.
Bass Oil (ASX:BAS) – pending an announcement to the market in relation to the outcome of a capital raising.
Tolu Minerals (ASX:TOK) – pending an announcement to be made to the ASX in relation to an equity raising.
Clean TeQ Water (ASX:CNQ) – pending the release of information to the market relating to a capital raise.
E&P Financial Group (ASX:EP1) – pending the release of an announcement to ASX regarding the Federal Court of Australia settlement approval hearing.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
