Good morning everyone, on Stockhead today, Josh Chiat spoke with Leo Lithium boss Simon Hay about finally ending that Africa saga, Nadine’s gone all cybah puhlice on us for a chat about stocks keeping your cash safe, and Eddy’s keeping a close eye on heart starter Echo IQ as it chasing US FDA clearance.
But first…
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,310.80 (-0.22%)
Silver: US$27.21 (-0.91%)
Nickel (3mth): US$19,255.10/t (+2.76%)
Copper (3mth): US$9,972.83/t (+2.48%)
Oil (WTI): US$78.59 (+0.15%)
Oil (Brent): US$83.45 (+0.16%)
Iron 62pc Fe: US$119.56/t (+1.28%)
AUD/USD: 0.6591 (-0.48%)
Bitcoin: US$63,555.60 (+0.62%)
WHAT GOT YOU TALKING
Core blimey:
Here are some of the biggest #ASX #resources #stocks winners in early trade.
@Iceni_Gold ( $ICL )
@LarvottoR ( $LRV )
@Trinex_Minerals ( $TX3 )
@incamineralsasx ( $ICG ) https://t.co/9ED0Ol8XbN
— Stockhead (@StockheadAU) May 8, 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 ICL Iceni Gold 0.099 330% 30,601,923 $5,670,904 CT1 Constellation Tech 0.002 50% 350,000 $1,474,734 JAV Javelin Minerals Ltd 0.002 50% 550,000 $2,176,231 PUA Peak Minerals Ltd 0.003 50% 1,884,715 $2,082,753 LRV Larvottoresources 0.100 39% 23,645,638 $18,020,038 TX3 Trinex Minerals Ltd 0.004 33% 1,500,000 $5,234,728 AQX Alice Queen Ltd 0.006 33% 3,238,457 $3,109,455 TYX Tyranna Res Ltd 0.012 33% 8,841,042 $29,591,328 PFT Pure Foods Tas Ltd 0.044 26% 114,498 $3,860,315 RNE Renu Energy Ltd 0.008 25% 4,412,986 $4,149,804 ME1 Melodiol Glb Health 0.003 25% 1,013,429 $1,426,974 MOH Moho Resources 0.005 25% 945,000 $2,156,713 ZEU Zeus Resources Ltd 0.010 25% 8,989 $3,674,248 EAX Energy Action Ltd 0.205 21% 11,022 $5,119,312 WA8 Warriedarresourltd 0.065 20% 3,667,127 $35,209,100 BEO Beonic Ltd 0.030 20% 464,150 $10,612,374 SI6 SI6 Metals Limited 0.003 20% 896,334 $5,922,149 BUR Burleyminerals 0.087 19% 206,154 $10,977,079 MPK Many Peaks Minerals 0.190 19% 1,386,040 $7,085,620 KAI Kairos Minerals Ltd 0.013 18% 3,737,069 $28,830,034 AI1 Adisyn Ltd 0.020 18% 39,597 $3,096,244 TRU Truscreen 0.020 18% 170,976 $9,394,049 CTO Citigold Corp Ltd 0.007 17% 149,792 $18,000,000 PRM Prominence Energy 0.007 17% 7,974,273 $1,170,758 TZL TZ Limited 0.022 16% 35,768 $4,875,079
The winners table on Wednesday was dominated by the rally in Iceni Gold (ASX:ICL), following a closer look at its Christmas Gift prospect which has exposed… “multiple bonanza gold bearing quartz veinlets within a narrow, sheared basalt-interflow sediment contact”.
“Gold collected by prospectors from a crushed bulk sample of ore bearing rock, including the quartz veinlets from the sample trench, has produced a 9.5oz gold doré bar.”
The company’s MD Wade Johnson told the ASX that the structure has now been exposed over a 20m strike length that is open and has advanced the geological model to provide a priority drill target.
More on that here: Speccie veins = massive gains. Christmas comes early for Iceni Gold
Pure Foods Tasmania (ASX:PFT) was also up nicely after launching a cap raise for circa $2.2m million (before costs and expenses). PFT says the main game is to fund working capital and new capital investments, in the wake of restructuring initiatives undertaken by the Company since late calendar 2023. Chair Malcolm McAully says the funds will also be used to repay short term borrowings and finance ongoing due diligence on several acquisition targets.
Polynovo (ASX:PNV) said it achieved its first ever $10m+ revenue month, after recording $10.1 million in revenue (unaudited) for the month of April. Sales in the United States were strong, reaching $6.9 million, which is about 75% more compared to the same time last year. Sales in other parts of the world, excluding the US, were $2.4 million, showing an increase of 68.2% compared to the same time last year.
And…Elsight (ASX:ELS) says that during a strategic collaboration exercise, Elsight’s Halo connectivity platform was rapidly integrated with Lockheed Martin Indago 4 UAS to complete BVLOS (beyond visual line-of-sight) flights with enhanced capabilities and expanded operational reach. Following this successful integration, Lockheed Martin is now able to offer this configuration, Indago 4 with Halo, as a solution to their customers, effective immediately.
ASX SMALL CAP LAGGARDS
Today’s best performing small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort
Name Price % Change Volume Market Cap OSX Osteopore Limited 0.12 -63% 15,685,519 $3,201,894 MPP Metro Perf.Glass Ltd 0.09 -47% 255,904 $30,587,384 DTI DTI Group Ltd 0.01 -39% 18,334 $8,073,925 AIV Activex Limited 0.00 -33% 1,175,329 $1,293,015 88E 88 Energy Ltd 0.00 -25% 18,838,494 $115,570,688 NVQ Noviqtech Limited 0.00 -25% 500,000 $5,949,229 ODE Odessa Minerals Ltd 0.00 -25% 11,400,000 $4,173,130 RIE Riedel Resources Ltd 0.00 -25% 12,331,227 $8,895,343 ASP Aspermont Limited 0.01 -23% 20,833 $31,923,251 ANR Anatara Ls Ltd 0.04 -22% 201,969 $8,792,611 GES Genesis Resources 0.00 -20% 190,415 $3,914,206 NTM Nt Minerals Limited 0.00 -20% 1,999,713 $5,049,515 GTI Gratifii 0.01 -18% 1,384,860 $17,732,495 PLN Pioneer Lithium 0.12 -18% 1,630 $3,979,500 OJC The Original Juice 0.15 -17% 626,160 $53,326,342 CCO The Calmer Co Int 0.01 -17% 1,612,620 $8,165,278 VRC Volt Resources Ltd 0.01 -17% 1,000,770 $24,952,069 RMY RMA Global 0.07 -16% 96,564 $44,635,411 WHK Whitehawk Limited 0.02 -15% 2,840,067 $9,248,526 X2M X2M Connect Limited 0.04 -15% 7,500 $12,535,714 RCR Rincon 0.08 -15% 20,940,066 $19,775,921 BXN Bioxyne Ltd 0.01 -14% 1,358,157 $14,326,518 POS Poseidon Nick Ltd 0.01 -14% 1,084,374 $25,994,743 TMK TMK Energy Limited 0.00 -14% 99,380 $23,645,002 E33 East 33 Limited. 0.01 -13% 336,459 $11,627,759
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