ASX has finished 0.5% ahead, despite Wall Street\u2019s flabby performance on Friday.
\nHealth Care has taken a positive 1.8% step towards fixing last week\u2019s -6.1% disaster.
\nGold 50 has topped the charts after hitting stellar intercepts at its Arizona dig.<\/p>\n
\u00a0<\/p>\n
Local markets have eased a little since lunchtime, stepping down slightly from +0.6% highs to end the day at 0.5%.<\/p>\n
A good chunk of the day\u2019s solid performance has come via the Health Care sector\u2019s return from the dead, lurching like a groaning zombie from last week\u2019s 6.1% loss to post a much-needed 1.83% gain.<\/p>\n
Oneview Healthcare (ASX:ONE)<\/a> was one of the sector\u2019s big gainers today, up 21.5% on news that it\u2019s entered into a Value-Added Reselling Agreement with Baxter International, which will see the company\u2019s Care Experience Platform (CXP) in the US market.<\/p>\n Consumer Staples is also up today, adding 1.53% with the likes of Skin Elements (ASX:SKN)<\/a> up 14.3% and Tasfoods (ASX:TFL)<\/a> up 9.5% helping to push the sector along.<\/p>\n The morning\u2019s woes for Materials and Energy only deepened as the day progressed, leaving them lower by 0.6% apiece \u2013 despite the lion\u2019s share of the top gains in Small Caps belonging to the diggers today, and the XGD All Ords Gold index leading the market on +1.09% as well.<\/p>\n In Large Cap Land<\/a>, Weebit Nano (ASX:WBT)<\/a> <\/strong> added 10% for no apparent reason, and lithium digger Lake Resources (ASX:LKE)<\/a><\/strong> had a shocker, dropping 20% on news that investors are going to have to wait a while longer for the company to hit its 50,000tpa production goal in Argentina.<\/p>\n It\u2019s not terrible news \u2013 LKE says it\u2019s likely to be at 25,000tpa by 2027, and the rest by 2030 \u2013 but the extra three years for the second half of the production is clearly no bueno for investors.<\/p>\n \u00a0<\/p>\n Here are the best performing ASX small cap stocks:<\/p>\n Swipe or scroll to reveal full table. Click headings to sort:<\/p>\n Code Company Price % Volume Market Cap TNC True North Copper 0.26 391% 5,522,942 $13,771,597 AFW Applyflow Limited 0.015 50% 1,019,428 $1,478,807 CCE Carnegie Cln Energy 0.0015 50% 4,051,231 $15,642,574 CLE Cyclone Metals 0.0015 50% 1,716,635 $10,264,505 BM8 Battery Age Minerals 0.45 32% 359,075 $25,234,175 G50 Gold50Limited 0.185 32% 140,957 $7,972,020 FTL Firetail Resources 0.12 30% 283,773 $7,084,000 AQC Auspaccoal Ltd 0.15 30% 793,931 $39,940,760 ONE Oneview Healthcare 0.32 25% 4,213,796 $136,034,128 GTG Genetic Technologies 0.0025 25% 95,571 $23,083,316 MRZ Mont Royal Resources 0.11 25% 1,581,892 $6,026,475 COY Coppermoly Limited 0.011 22% 349,246 $3,819,482 GRE Greentechmetals 0.54 21% 10,609,276 $18,649,766 PBH Pointsbet Holdings 1.65 21% 6,347,581 $418,860,685 FXG Felix Gold Limited 0.09 20% 304,255 $8,235,480 PUA Peak Minerals Ltd 0.003 20% 1,600,000 $2,603,442 RDN Raiden Resources Ltd 0.006 20% 34,229,964 $10,276,345 YPB YPB Group Ltd 0.003 20% 22,692,220 $1,548,122 DUB Dubber Corp Ltd 0.185 19% 3,269,513 $47,979,905 BMO Bastion Minerals 0.031 19% 24,053,805 $4,144,701 CNQ Clean Teq Water 0.28 19% 43,487 $13,561,920 IXR Ionic Rare Earths 0.025 19% 20,889,828 $82,868,203 MRI Myrewardsinternation 0.02 18% 2,795,763 $5,237,669 PGY Pilot Energy Ltd 0.02 18% 1,776,710 $16,531,270 GPR Geopacific Resources 0.021 17% 341,566 $14,781,440 <\/p>\n WordPress Table Plugin<\/a><\/p>\n \u00a0<\/p>\n True North Copper (ASX:TNC)<\/a> set the cat among the pigeons with what looked like a 370% gain this morning, but it\u2019s not quite what it looked like on the data charts.<\/p>\n True North Copper was the subject of a reverse takeover by Duke Exploration that started late last year, and the whole thing has taken quite a while to get resolved.<\/p>\n As Stockhead\u2019s very own Josh Chiat explains it, a reverse takeover is \u201ckind of like the alien spawn growing inside of Sigourney Weaver, which then bursts out and becomes a (more friendly) xenomorph.\u201d<\/p>\n That xenomorph has emerged from the chest of the ASX today, with the whole rebranded thing assuming the value of both DEX and TNC, which was well above TNC\u2019s price when the reverse takeover began, and so that\u2019s why it looks like such a huge gain.<\/p>\n So, the \u201creal\u201d winner was Gold 50 (ASX:G50)<\/a> up 36% on surprisingly slender volume this morning and on news that the company has intersected high-grade gold-silver mineralisation within several broad mineralised zones at its Golconda project in Arizona.<\/p>\n The intersects include 35m at 5.2g\/t gold and 5.9g\/t silver from 176.8m including 9m at 19.5g\/t gold and 17.8g\/t silver, and 11m at 1.2g\/t gold, 399g\/t silver, 0.31% copper and 0.55% zinc from 61.0m and immediately below historic underground workings.<\/p>\n Bastion Minerals (ASX:BMO)<\/a> locked in second on the ladder, up 31% after it reported staking a strategic 115km2 REE exploration tenure near Gyttorp in South Sweden.<\/p>\n BMO says that rock chip samples \u201cgreater than 2.86% (28,600 ppm) and 3.64% (36,400 ppm) Total Rare Earth Oxide (TREO) are recorded in historic sampling with some detection limits exceeding the actual result will be greater than these figures\u201d.<\/p>\n And Mont Royal Resources (ASX:MRZ)<\/a> packed on a very tidy 31% today, thanks to a mystery spike in trading volume on precisely zero news which has defied my ability to figure out this afternoon \u2013\u00a0but the moment I learn what\u2019s behind it, I\u2019ll be sure to write it down somewhere safe so that I can forget to fill everyone in about it tomorrow.<\/p>\n \u00a0<\/p>\n Here are the least best performing ASX small cap stocks:<\/p>\n Swipe or scroll to reveal full table. Click headings to sort:<\/p>\n Code Company Price % Volume Market Cap OPN Oppenneg 0.01 -67% 1,983,540 $7,275,899 PKD Parkd Ltd 0.02 -38% 208,365 $3,258,187 CCO The Calmer Co Int 0.002 -33% 30,370 $1,334,333 DXN DXN Limited 0.001 -33% 1,135,313 $2,581,972 INP Incentiapay Ltd 0.01 -29% 196,123 $17,710,891 MCT Metalicity Limited 0.0015 -25% 476,314 $7,472,172 MTL Mantle Minerals Ltd 0.0015 -25% 1,602,799 $12,294,892 SIH Sihayo Gold Limited 0.0015 -25% 250,000 $12,204,256 SFM Santa Fe Minerals 0.046 -25% 100,000 $4,441,946 TGH Terragen 0.021 -22% 257,167 $6,024,297 TOY Toys R Us 0.011 -21% 9,557,587 $12,083,213 IMI Infinitymining 0.12 -20% 175,556 $11,471,748 LKE Lake Resources 0.38 -20% 57,108,351 $675,661,236 NNL Nordicnickellimited 0.2 -20% 209,264 $14,615,001 DCX Discovex Res Ltd 0.002 -20% 38,514,928 $8,256,420 ENT Enterprise Metals 0.004 -20% 1,726,701 $3,525,403 RXH Rewardle Holding Ltd 0.021 -19% 1,918,896 $13,684,359 OM1 Omnia Metals Group 0.225 -18% 1,491,649 $12,532,003 AVW Avira Resources Ltd 0.0025 -17% 34,902,985 $6,401,370 CPT Cipherpoint Limited 0.005 -17% 821,328 $6,955,450 IVX Invion Ltd 0.005 -17% 8,344,716 $38,529,793 SPD Southernpalladium 0.335 -16% 9,570 $17,231,331 OSX Osteopore Limited 0.11 -15% 165,494 $18,749,706 PRM Prominence Energy 0.017 -15% 63,742 $2,424,618 CI1 Credit Intelligence 0.115 -15% 467,029 $11,272,387 <\/p>\n WordPress Table Plugin<\/a><\/p>\n \u00a0<\/p>\n Lithium Power International (ASX:LPI)<\/a> is in the news today, after announcing that it\u2019s entered into a binding agreement to sell its wholly owned Australian subsidiary Western Lithium to to Albemarle Lithium, a subsidiary of Albemarle Corporation.<\/p>\n The sale is notable for a couple of reasons \u2013 first of all, it\u2019s set to put a cool $30 million in LPI\u2019s pocket, which is no small chunk of change.<\/p>\n And secondly, the sale (I\u2019m told) represents the first all-cash deal of its type in that region, and the sale of Western Lithium includes that company\u2019s Greenbushes lithium project in southern WA, where a number of companies including the likes of recently-in-the-news Kula Gold (ASX:KGD)<\/a> are reporting successful exploratory work as the region continues to heat up.<\/p>\n Thirdly, the sale of Western Lithium to Albemarle effectively ends the well-progressed plans for the company\u2019s spin-off and public listing by LPI, with the board recognising that an immediate $30 million sale will save them a lot of time and effort, while delivering far more rapid return.<\/p>\n Elsewhere, Talon Energy (ASX:TPD)<\/a> has provided the market with an update on how things are going on the Walyering gas field development JV, in which it holds a 45% ownership \u2013\u00a0the rest of it belongs to Strike Energy (ASX:STX)<\/a>.<\/p>\n Talon says that everything is progressing extremely well, with all processing equipment now secured in place, condensate tanks and offload facilities constructed, utilities installation complete and the Parmelia Gas Pipeline (PGP) connection constructed.<\/p>\n Barring any major hassles, Talon says that production rehearsals and other operational readiness exercises has the team set up to go completely operational, and the commissioning process had been prepared with the plan to send commissioning gas into the PGP for sale once permissions to introduce hydrocarbons has been granted by the regulator.<\/p>\n That\u2019s estimated to take about a week, and once it\u2019s done, the Walyering gas field development is off to the races.<\/p>\n And finally, Lanthanein Resources (ASX:LNR)<\/a> has announced that it has completed drilling at the Lyons Rare Earths Project in Western Australia, targeting previously discovered high-grade rare earth mineralisation among outcropping ironstones and additional interpreted carbonatite intrusives and ironstones at the site.<\/p>\n \u201cThe finalisation of drilling on new outcropping ironstone trends is a very exciting time for Lanthanein,\u201d technical director Brian Thomas, said.<\/p>\n \u201cThe drilling of these new discoveries is the result of the geological team\u2019s growing understanding of the rare earth mineralisation controls within the Gifford Creek Carbonatite complex, and assays from this program could provide a breakthrough discovery that could potentially transform the Company.<\/p>\n \u201cWe look forward to moving to a mineral resource estimate on the high grade outcropping ironstones at Lyons 12 & 13, which are approximately 2km from Hastings Technology Metals (ASX:HAS)<\/a> Frasers and Simons Find pits, and updating the market with results as drilling progresses.\u201d<\/p>\n \u00a0<\/p>\n Ronin Resources (ASX:RON)<\/a> \u2013 Project acquisition and capital raising.<\/p>\n QEM (ASX:QEM)<\/a> \u2013 Capital raising.<\/p>\n Noronex (ASX:NRX)<\/a> \u2013 Capital raising.<\/p>\n Miramar Resources (ASX:M2R)<\/a> \u2013 Capital raising.<\/p>\n Regional Express (ASX:REX)<\/a> \u2013 Revised profit guidance incoming.<\/p>\n \u00a0<\/p>\n <\/span><\/p>\n The post CLOSING BELL: Health Care has risen like a zombie to help lift market by 0.5%; Goldies climb 1.1%, too<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"TODAY\u2019S ASX SMALL CAP LEADERS<\/h2>\n
TODAY\u2019S ASX SMALL CAP LAGGARDS<\/h2>\n
LAST ORDERS<\/h2>\n
TRADING HALTS<\/h2>\n