Good morning everyone. On Stockhead today, Josh Chiat previews his best of the rest for this Big Ones earnings season, Eddy’s figured out what Made in Australia really means, and Christian has written three stories so we’ll be lucky to see him again this week.
Here’s the other stuff you need before you get stuck in.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,390.60 (+0.47%)
Silver: US$28.68 (+1.58%)
Nickel (3mth): US$19,469.00/t (+4.90%)
Copper (3mth): US$9,707.07/t (+2.55%)
Oil (WTI): US$83.14 (+0.50%)
Oil (Brent): US$87.29 (+0.21%)
Iron 62pc Fe: US$108.25/t (+0.28%)
AUD/USD: 0.6413 (-0.13%)
Bitcoin: US$64,827.10 (-0.22%)
WHAT GOT YOU TALKING
Imagine being that guy who moved to Tasmania to WFH and for the “affordable housing”.
PropTrack’s Affordability Hotspots Report helps buyers identify regions that have the most affordable homes in each city and region across the country. #property https://t.co/FWo8xQA1Pc
— Stockhead (@StockheadAU) April 22, 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 BSE Base Res Limited 0.225 114% 30,212,854 $123,691,244 OSX Osteopore Limited 0.185 95% 188,009 $981,225 ORN Orion Minerals Ltd 0.019 46% 16,434,752 $76,001,701 ZEO Zeotech Limited 0.035 46% 6,918,639 $42,082,154 LNR Lanthanein Resources 0.005 43% 75,436,557 $6,842,181 MRD Mount Ridley Mines 0.002 33% 253,966 $11,677,324 L1M Lightning Minerals 0.096 30% 2,067,692 $3,124,655 NC1 Nicoresourceslimited 0.185 28% 609,697 $15,870,333 RCR Rincon 0.034 26% 11,285,812 $5,971,087 1AG Alterra Limited 0.005 25% 630,000 $3,482,763 ADY Admiralty Resources. 0.006 20% 533,800 $8,147,370 NTM Nt Minerals Limited 0.006 20% 95,000 $4,299,515 TAS Tasman Resources Ltd 0.006 20% 2,986,458 $3,563,346 VRC Volt Resources Ltd 0.006 20% 3,903,820 $20,793,391 ARL Ardea Resources Ltd 0.850 20% 362,118 $139,882,010 MAG Magmatic Resrce Ltd 0.125 19% 1,142,556 $40,072,090 NNG Nexion Group 0.019 19% 2,005,373 $3,236,926 EMP Emperor Energy Ltd 0.013 18% 14,235,541 $3,748,112 A3D Aurora Labs Limited 0.033 18% 772,426 $8,109,026 GLL Galilee Energy Ltd 0.033 18% 135,084 $9,512,850 IMU Imugene Limited 0.083 17% 40,415,777 $519,706,567 HGL Hudson Investment 0.175 17% 9,000 $8,903,990 GGE Grand Gulf Energy 0.007 17% 1,800,440 $12,571,482 QPM Queensland Pacific 0.043 16% 10,920,795 $74,463,992
Absolutely circling the ASX from orbit on Monday was local critical mineral digger Base Resources (ASX:BSE) which revealed a proposed 100% acquisition by NYSE-listed uranium and critical minerals producer, Energy Fuels. Energy Fuels will offer 0.026 shares for every Base share as well as a special unfranked dividend of 6.5c per share, valuing the deal at 30.2c or $375 million. It’s a 188% premium to Base’s last closing price of 10.5c and 173% premium to its 11.1c 20-day VWAP as of April 19.
Next up, Orion Minerals (ASX:ORN) said initial results from diamond drilling at Flat Mine East, part of the Okiep Copper Project in the Northern Cape Province of South Africa, showed the highest-grade drill intercept ever recorded in the area and confirm high-grade copper intercepts returned from drilling completed in 1995 by the previous owners, Goldfields.
Lightning Minerals (ASX:L1M) announced it would acquire option agreements over the Caraibas and Sidronio projects in Brazil’s ‘Lithium Valley’ within the mining state (literally) of Minas Gerais. L1M now holds projects in the three hot hard rock lithium districts globally of WA, Canada and Brazil. Caraibas and Sidronio cover 3372 hectares over seven tenements currently held by a private Australian company called Bengal Mining Pty Ltd.
And Lanthanein Resources (ASX:LNR) says a new large lithium soil anomaly with a strike of ~4km has been identified in the recently completed soil sampling program at Lady Grey Project including a peak result of 454ppm Li2O, with a total of 527 samples returning ≥150ppm Li2O.
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 0.001 -50% 1,118,367 $11,649,361 ERG Eneco Refresh Ltd 0.008 -33% 25,000 $3,268,300 ARC ARC Funds Limited 0.100 -26% 22,279 $5,281,992 KNB Koonenberrygold 0.020 -23% 995,913 $3,580,498 FHS Freehill Mining Ltd. 0.007 -22% 594,019 $26,962,600 SCN Scorpion Minerals 0.020 -20% 2,538,087 $10,236,405 88E 88 Energy Ltd 0.004 -20% 13,300,370 $125,620,313 DRO Droneshield Limited 0.925 -17% 16,812,758 $690,484,044 FXG Felix Gold Limited 0.068 -17% 111,233 $16,991,639 PL3 Patagonia Lithium 0.100 -17% 303,364 $5,895,420 AUH Austchina Holdings 0.003 -17% 249,023 $6,301,151 ENT Enterprise Metals 0.003 -17% 1,496,364 $2,405,913 EXL Elixinol Wellness 0.005 -17% 2,102,046 $7,806,444 FGL Frugl Group Limited 0.005 -17% 4,087,172 $8,938,647 NRZ Neurizer Ltd 0.005 -17% 622,381 $9,008,465 FCT Firstwave Cloud Tech 0.022 -15% 82,427 $44,449,096 SRR Saramaresourcesltd 0.022 -15% 239,546 $2,155,896 ZNO Zoono Group Ltd 0.051 -15% 40,450 $12,820,644 AUQ Alara Resources Ltd 0.068 -15% 3,897,252 $57,447,003 AUG Augustus Minerals 0.030 -14% 976,749 $2,987,950 AYT Austin Metals Ltd 0.006 -14% 533,394 $8,996,339 MRZ Mont Royal Resources 0.060 -14% 375,083 $5,952,086 NES Nelson Resources. 0.003 -14% 4,235 $2,147,580 SHO Sportshero Ltd 0.006 -14% 783,333 $4,324,830 CMX Chemxmaterials 0.043 -14% 105,000 $5,764,034
DroneShield (ASX:DRO) says it has upsized its fully-underwritten two-tranche placement from $70m to ~$100m following strong support from existing and new domestic and international institutions and sophisticated investors. DRO says it’s also undertaking a share purchase plan to raise $5m, providing “the opportunity for all shareholders to participate in the capital raising”
Genetic Signatures (ASX:GSS) fell despite saying the TGA has completed the review of its re-designed EasyScreen Respiratory Pathogen Detection Kit, and included the updated device within the ARTG to allow supply within Australia. The company is now ready to commence sale of this product to customers in Australia, ahead of the influenza season.
TRADING HALTS
Ardea Resources (ASX:ARL) – Price query from the ASX and to give an update on progress on the Ardea and Japanese Consortium KNP – Goongarrie Hub.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
