{"id":3583,"date":"2023-12-21T02:49:01","date_gmt":"2023-12-21T02:49:01","guid":{"rendered":"https:\/\/economicherald.net\/?p=3583"},"modified":"2023-12-21T02:49:01","modified_gmt":"2023-12-21T02:49:01","slug":"asx-small-cap-lunch-wrap-which-high-profile-ipo-hit-the-bourse-today","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=3583","title":{"rendered":"ASX Small Cap Lunch Wrap: Which high profile IPO hit the bourse today?"},"content":{"rendered":"

Benchmark ASX 200 index was down 0.44% at lunchtime
\nUranium price hit another record high above US$90\/lb
\nGina backed Brazilian Rare Earths (ASX:BRE)\u00a0 gains +14% on debut<\/p>\n

A fall on Wall Street overnight bled though to the local bourse, with the ASX yo-yoing between losses and parity for much of the morning.<\/p>\n

The benchmark ASX 200 index was down 0.44% at lunchtime, with nine sectors down and just two up.<\/p>\n

Capital\u2019s senior financial market analyst Kyle Rodda says Wall Street finally hit an \u201cair pocket\u201d as investors finally took a breath, taking profits after the post-Fed Powell-pivot party.<\/p>\n

\u201cMarkets were becoming overbought, and a pullback like this is natural given those conditions,\u201d Keith Buchanan, senior portfolio manager at Globalt Investments told Morningstar.<\/p>\n

\u201cSo, it was more technical than fundamental.\u201d<\/p>\n

Crude prices pulled back overnight, while gold is steady at near record high of ~US$2035\/oz.<\/p>\n

Meanwhile, spot yellowcake prices hit another record high:<\/p>\n

#BoomAlert<\/a> #uranium<\/a>
\nOMG Spot U Ask:
\n$91 pic.twitter.com\/vClLhsMQ7e<\/a><\/p>\n

\u2014 NostraThomas UBull (@SloCan68) December 20, 2023<\/a><\/p>\n\n

And are now excruciatingly close to hitting triple digits. When will stocks respond?<\/p>\n

\u00a0<\/p>\n

How is today\u2019s big rare earths IPO travelling?<\/h2>\n

Today\u2019s biggest news is the debut of large but tightly held Brazilian Rare Earths (ASX:BRE), which raised $50m in an IPO at $1.47\/sh.<\/p>\n

It is up +13% in early trade, which you can read more about here<\/a>.<\/p>\n

The register is jam packed with industry celebs and high net worths, counting Gina Rinehart and Whitehaven Coal as shareholders, alongside wealthy coal industry veterans Mark Lochtenberg and Brian Flannery.<\/p>\n

Also holding a big chunk of stock are IperionX (ASX:IPX) board members and advisors Todd Hannigan, Taso Arima, Ray Nimrod and Dominic Allen.<\/p>\n

\u00a0<\/p>\n

HOW ARE THE BIG STOCKS FARING TODAY?<\/h2>\n

Winners <\/h2>\n

Meridian Energy (ASX:MEZ) +5%<\/p>\n

AGL Energy (ASX:AGL) +2%<\/p>\n

Whitehaven Coal (ASX:WHC) +1.5%<\/p>\n

\u00a0<\/p>\n

Losers <\/h2>\n

GQG Partners (ASX:GQG) -5%<\/p>\n

Allkem (ASX:AKE) -5%<\/p>\n

Lynas Rare Earths (ASX:LYC) -2.5%<\/p>\n

Pilbara Minerals (ASX:PLS) -2.5%<\/p>\n

\u00a0<\/p>\n

ASX SMALL CAP WINNERS<\/strong><\/h2>\n

Here are the best performing ASX small cap stocks for 21 December [intraday]:<\/strong><\/p>\n

Swipe or scroll to reveal full table. Click headings to sort:<\/em><\/p>\n

<\/div>\n
CODE COMPANY PRICE % VOLUME MARKET CAP CGO CPT Global Limited 0.2 70% 448,864 $4,922,940 MTB Mount Burgess Mining 0.004 60% 328,621 $2,612,034 NYM Narryermetalslimited 0.095 53% 67,951 $2,975,602 TKL Traka Resources 0.003 50% 517,333 $1,750,659 VPR Volt Power Group 0.0015 50% 100,000 $10,716,208 FAU First Au Ltd 0.004 33% 5,025,035 $4,985,980 KP2 Kore Potash PLC 0.016 33% 685,541 $8,040,073 MCT Metalicity Limited 0.002 33% 14,904,784 $6,727,581 FCT Firstwave Cloud Tech 0.04 33% 466,874 $51,287,419 T3D 333D Limited 0.014 27% 35,161 $1,313,894 ERL Empire Resources 0.005 25% 1,000,000 $4,451,740 FHS Freehill Mining Ltd. 0.005 25% 8,867,680 $11,399,338 TMX Terrain Minerals 0.005 25% 400,428 $5,413,711 ADR Adherium Ltd 0.056 24% 104,908 $15,004,799 CNJ Conico Ltd 0.0055 22% 813,974 $7,065,427 GBZ GBM Rsources Ltd 0.011 22% 1,203,000 $5,582,896 WA1 Wa1Resourcesltd 11.85 22% 806,240 $413,340,084 AJL AJ Lucas Group 0.012 20% 1,092,893 $13,757,296 SFG Seafarms Group Ltd 0.006 20% 16,153 $24,182,996 PVT Pivotal Metals Ltd 0.026 18% 2,846,101 $14,961,227 VNL Vinyl Group Ltd 0.053 18% 2,028,061 $23,153,156 BMM Balkanminingandmin 0.135 17% 40,472 $8,169,659 LYN Lycaonresources 0.17 17% 533 $6,388,156 CAI Calidus Resources 0.21 17% 3,331,132 $109,842,661 EMP Emperor Energy Ltd 0.0105 17% 9,368,700 $3,010,387 <\/div>\n

WordPress Table Plugin<\/a><\/p>\n

Billionaire WiseTech founder \u2014 and former roadie to AC\/DC<\/a> \u2014 Richard White is investing $11 million in Vinyl Group (ASX:VNL)<\/a>\u00a0so it can buy The Brag Media, publisher of Rolling Stone<\/em> in Australia and New Zealand.<\/p>\n

Metalicity (ASX:MCT) has executed formal agreements and settled all disputes with Nex Metals regarding the Kookynie and Yundamindra gold joint venture.<\/p>\n

MCT will now hold 80% of the JV, up from 51%.<\/p>\n

And miner Calidus (ASX:CAI)<\/a> is buying Novo\u2019s troubled Nullagine gold project for just $250k in shares and $5m in deferred payments.<\/p>\n

It looks like CAI will actually make money on the deal from the outset, as it plans to rent out the camp infrastructure to Atlas Iron for an upfront cost of $14m, while retaining the right to use 50% of the camp.<\/p>\n

\u00a0<\/p>\n

ASX SMALL CAP LOSERS<\/strong><\/h2>\n

Here are the worst performing ASX small cap stocks for 21 December [intraday]:<\/strong><\/p>\n

Swipe or scroll to reveal full table. Click headings to sort:<\/em><\/p>\n

<\/div>\n
CODE COMPANY PRICE % VOLUME MARKET CAP NGY Nuenergy Gas Ltd 0.022 -29% 165,077 $45,909,620 MTO Motorcycle Hldg 1.85 -26% 1,116,663 $185,254,174 NFL Norfolkmetalslimited 0.17 -26% 1,772,475 $8,124,749 LSR Lodestar Minerals 0.003 -25% 200,230 $8,093,589 MHC Manhattan Corp Ltd 0.003 -25% 1,000,000 $11,747,919 PHL Propell Holdings Ltd 0.012 -20% 174,233 $1,805,333 ASP Aspermont Limited 0.008 -20% 1,666,500 $24,387,637 JAY Jayride Group 0.032 -20% 87,025 $9,376,365 ASR Asra Minerals Ltd 0.0075 -17% 3,277,625 $14,660,962 IPB IPB Petroleum Ltd 0.01 -17% 6,176,133 $6,781,469 COY Coppermoly Limited 0.011 -15% 100,000 $9,049,761 AZL Arizona Lithium Ltd 0.034 -15% 397,887,254 $133,780,576 TSO Tesoro Gold Ltd 0.023 -15% 73,204 $31,076,739 OEC Orbital Corp Limited 0.098 -15% 222,986 $16,767,774 1TT Thrive Tribe Tech 0.018 -14% 161,177 $6,229,052 AVE Avecho Biotech Ltd 0.003 -14% 398,692 $11,092,540 CCO The Calmer Co Int 0.006 -14% 922,833 $5,996,633 OAR OAR Resources Ltd 0.003 -14% 10,943,525 $9,243,713 WZR Wisr Ltd 0.03 -14% 3,853,778 $47,761,510 JNO Juno 0.1 -13% 4,900 $20,923,705 AD1 AD1 Holdings Limited 0.007 -13% 11,940 $6,871,400 VMS Venture Minerals 0.007 -13% 12,947,149 $15,600,104 EOF Ecofibre Limited 0.105 -13% 33,697 $45,384,868 SZL Sezzle Inc. 21.98 -12% 17,609 $52,575,396 SPQ Superior Resources 0.0115 -12% 14,470,556 $23,849,199 <\/div>\n

WordPress Table Plugin<\/a>
\n<\/span><\/p>\n

The post ASX Small Cap Lunch Wrap: Which high profile IPO hit the bourse today?<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Benchmark ASX 200 index was down 0.44% at lunchtime Uranium price hit another record high above US$90\/lb Gina backed Brazilian Rare Earths (ASX:BRE)\u00a0 gains +14% [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":3584,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nASX Small Cap Lunch Wrap: Which high profile IPO hit the bourse today? - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=3583\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX Small Cap Lunch Wrap: Which high profile IPO hit the bourse today? 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