Good morning everyone, and welcome to 02 May, 2024 – an important date in Australian history as it was on this day in 1829 that Captain Charles Fremantle of HMS Challenger declared the Swan River Colony in Western Australia, which has been widely derided as a terrible idea.
Mostly because it led to the creation of Swan Lager, which has been widely derided as an even worse idea than Charles Fremantle’s terrible mistake in 1829.
I look forward to your angry morse code messages from Western Australia, which I’m guessing should arrive by post in about two weeks.
Luckily for you, you won’t need to wait a fortnight to get the good oil on what’s happening around the market this morning, because Eddy Sunarto’s got his Health sector round up, and Nadine McGrath’s got a wrap-up of all things winning and losing for the month of April as well.
Plus I’ve been hard at work all afternoon, crunching the numbers and ignoring an increasingly frantic series of emails, to bring you all the data and digits and highlights listed below to help prep you for what’s shaping to be… gis a sec… it says ‘Thursday’ here.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,288.36 (+0.11%)
Silver: US$26.45 (+0.57%)
Nickel (3mth): US$18,968.50/t (-0.74%)
Copper (3mth): US$9,973.05/t (-0.74%)
Oil (WTI): US$81.09 (-0.52%)
Oil (Brent): US$85.52 (-2.67%)
Iron 62pc Fe: US$110.91/t (+0.33%)
AUD/USD: 0.6477 (-0.02%)
Bitcoin: US$59,461.10 (-1.91%)
WHAT GOT YOU TALKING
If you missed the bus on Resources yesterday, it’s not too late to bone up before your day starts today.
Some of the biggest #ASX #resources winners in early trade, Wednesday May 1.
Strike Resources Limited ( $SRK )
@WAKaolin ( $WAK )
@anson_ir ( $ASN )
@RinconResources ( $RCR ) https://t.co/CVUVWDRI5D
— Stockhead (@StockheadAU) May 1, 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 H2G Greenhy2 Limited 0.010 67% 1,273,876 $2,512,535 SRK Strike Resources 0.067 52% 7,177,396 $12,485,000 YPB YPB Group Ltd 0.003 50% 1,000,082 $1,580,923 RFT Rectifier Technolog 0.013 44% 5,662,802 $12,437,856 KPO Kalina Power Limited 0.004 33% 1,424,350 $6,778,360 RIE Riedel Resources Ltd 0.004 33% 4,600,000 $6,671,507 SNS Sensen Networks Ltd 0.029 32% 794,995 $17,041,278 RCR Rincon 0.100 30% 57,427,563 $17,028,655 XST Xstate Resources 0.019 27% 1,239,744 $4,822,787 A8G Australasian Metals 0.080 25% 28,745 $3,335,712 MTC Metalstech Ltd 0.255 24% 1,215,275 $38,735,691 Z2U Zoom2Utechnologies 0.083 22% 347,112 $13,177,443 WAK Wakaolin 0.051 21% 897,015 $17,798,933 KNO Knosys Limited 0.052 21% 870,084 $9,293,964 EEL Enrg Elements Ltd 0.006 20% 225,580 $5,049,825 EXL Elixinol Wellness 0.006 20% 1,664,071 $6,505,370 MKL Mighty Kingdom Ltd 0.006 20% 2,191,357 $12,487,999 YOJ Yojee Limited 0.056 19% 5,300 $12,255,335 LPD Lepidico Ltd 0.004 17% 15,287,283 $22,914,924 RC1 Redcastle Resources 0.014 17% 636,900 $3,939,410 TTI Traffic Technologies 0.007 17% 155,938 $5,227,924 LYN Lycaonresources 0.380 15% 2,568,874 $14,538,563 BCT Bluechiip Limited 0.008 14% 62,625 $7,705,368 KOR Korab Resources 0.008 14% 287,400 $2,569,350
Yesterday’s Small Cap Winners included:
Strike Resources (ASX:SRK) is in the winner’s circle after Lithium Energy (ASX:LEL) announced yesterday that it had sold its 90% share of the Solaroz lithium brine project in Argentina to CNGR – one of the world’s largest producers of precursor materials for leading companies in the battery materials supply chain – for about $97 million in cash. Strike is a 27% shareholder in LEL.
YPB Group (ASX:YPB) was top of the small caps charts on news that the company has raised $33,075 after costs at a small 5.6% discount to the 15-day VWAP via an At-The-Market (ATM) subscription facility with Dolphin Corporate Investments. That deal was signed in November last year, giving YPB access to up to $2 million – and today’s dip into the kitty comes on the heels of the company’s recent quarterly, showing that it has managed to reduce cash burn by 24% on Q4 2023 thanks to a revenue bounce.
Kalina Power (ASX:KPO) inched up $0.001 (+33.0%), ostensibly on news that it has appointed former Macquarie Capital Markets Canada CEO Matthew Jenkins to its board as non-exec director, as well as the board of its wholly owned Canadian project development company, Kalina Distributed Power.
Lithium project developer Anson Resources (ASX:ASN) signs a binding offtake deal with battery maker LG Energy Solution, which will buy 4000tpa battery grade lithium carbonate per year.
Orexplore Technologies (ASX:OXT) got a boost on news that it has developed a nuggety gold detection system that is being validated through commercial testing with multiple tier-1 gold mining companies. The company says its tech “identifies gold nuggets larger than ~100 micrometres throughout the entire core, providing data to support improved operational grade control and to assist in producing more useful estimates of gold mineralisation”.
Adisyn (ASX:AI1) will sell its VMware cloud platform for a total consideration of up to $1.4 million cash.
And Black Canyon (ASX:BCA) provided an update on activities in relation to production of beneficiated manganese concentrate feedstock from the KR1 and KR2 deposits. Dense Media Separation has produced manganese concentrates grades of 31.8% Mn and 31.3% Mn from the KR1 and KR2 test samples respectively. These results complement previously announced Heavy Liquid Separation concentrates grades ranging between 29.2% Mn & 37.4% Mn also from KR1 and KR2.
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 AXP AXP Energy Ltd 0.001 -50% 94,911 $11,649,361 LSR Lodestar Minerals 0.001 -33% 770,000 $3,035,096 SHO Sportshero Ltd 0.004 -33% 6,148,918 $3,706,997 ZNO Zoono Group Ltd 0.029 -28% 1,144,658 $8,548,962 G6M Group 6 Metals Ltd 0.035 -26% 3,121,304 $47,189,074 88E 88 Energy Ltd 0.003 -25% 37,870,754 $100,496,250 HCD Hydrocarbon Dynamic 0.003 -25% 2,000,024 $3,234,329 NRZ Neurizer Ltd 0.003 -25% 62,352,193 $6,305,643 TSL Titanium Sands Ltd 0.007 -22% 5,669,137 $17,943,572 PBL Parabellumresources 0.041 -21% 352,198 $3,239,600 ZMI Zinc of Ireland NL 0.012 -20% 294,380 $3,197,164 SIT Site Group Int Ltd 0.002 -20% 550,000 $6,506,226 GES Genesis Resources 0.005 -17% 250,245 $4,697,048 INP Incentiapay Ltd 0.005 -17% 139,554 $7,463,580 NMR Native Mineral Res 0.020 -17% 25,250 $5,036,412 PRX Prodigy Gold NL 0.003 -17% 605,115 $6,041,322 RML Resolution Minerals 0.003 -17% 50,000 $4,830,065 TMR Tempus Resources Ltd 0.005 -17% 4,083,298 $4,385,992 FML Focus Minerals Ltd 0.155 -16% 551,037 $53,013,349 PAT Patriot Lithium 0.083 -16% 441,458 $6,892,096 LVH Livehire Limited 0.016 -16% 110,766 $6,991,471 WTM Waratah Minerals Ltd 0.110 -15% 536,574 $19,417,385 MCL Mighty Craft Ltd 0.011 -15% 2,464,141 $4,746,718 GLN Galan Lithium Ltd 0.280 -15% 6,918,516 $136,304,518
TRADING HALTS
Global X Gold Bullion ETF (ASX:GXLD) – to allow further time to complete the market maker operational setup to facilitate trading in GXLD.
Boab Metals (ASX:BML) – pending the release of an announcement regarding a capital raising.
Quickfee (ASX:QFE) ) – pending an announcement to be released to ASX by the company in relation to a proposed capital raising.
Actinogen Medical (ASX:ACW) – ending an announcement regarding a fund raising.
Synertec Corporation (ASX:SOP) – to allow a capital raising by Synertec to take place.
Lanthanein Resources (ASX:LNR) – pending an announcement in relation to a material capital raising.
Hot Chili (ASX:HCH) – pending the release of an announcement concerning the results of a capital raising.
Arcadia Minerals (ASX:AM7) – pending an announcement in relation to a capital raising and rights issue.
Provaris Energy (ASX:PV1) – pending an announcement regarding a capital raising.
Sunstone Metals (ASX:STM) – pending the release of an announcement regarding a proposed capital raising.
Evion Group (ASX:EVG) – pending an announcement regarding a change to the company’s board.
Openn Negotiation (ASX:OPN) – pending an announcement in relation to a material acquisition and capital raising.
Energy Technologies (ASX:EGY) – pending an announcement in relation to a capital raising.
VRX Silica (ASX:VRX) – pending an announcement and update regarding the current Rights Issue.
West Wits Mining (ASX:WWI) – pending an announcement regarding a proposed capital raising.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
