{"id":7059,"date":"2024-03-12T18:59:42","date_gmt":"2024-03-12T18:59:42","guid":{"rendered":"https:\/\/economicherald.net\/?p=7059"},"modified":"2024-03-12T18:59:42","modified_gmt":"2024-03-12T18:59:42","slug":"rise-and-shine-everything-you-need-to-know-before-the-asx-opens-92","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7059","title":{"rendered":"Rise and Shine: Everything you need to know before the ASX opens"},"content":{"rendered":"

On Stockhead today, where will you be when the gold gap closes<\/a>, is this REE junior onto something ever rarer<\/a>, and met coal M&A still steals the show<\/a>.<\/p>\n

\u00a0<\/p>\n

But first the day ahead.<\/p>\n

\u00a0<\/p>\n

COMMODITY\/FOREX\/CRYPTO MARKET PRICES<\/strong><\/h2>\n

Gold: US$2,174.34\/oz (-0.40%)<\/em><\/p>\n

Silver: US$24.41\/oz (-0.02%)<\/em><\/p>\n

Nickel (3mth): US$18,377\/t (+2.03%)<\/em><\/p>\n

Copper (3mth): US$8,653.00\/t (+0.86%)<\/em><\/p>\n

Oil (WTI): US$78.23 (+0.40%)<\/em><\/p>\n

Oil (Brent): US$82.58 (+0.46%)<\/em><\/p>\n

Iron 62pc Fe: US$110.50\/t (-5.96%)<\/em><\/p>\n

AUD\/USD: 0.6616 (+0.03%)<\/em><\/p>\n

Bitcoin: US$72,076 (-0.10%)<\/em><\/p>\n

\u00a0<\/p>\n

TRADING HALTS<\/h2>\n

These stocks went into trading halts yesterday and are expected out in the coming days:<\/em><\/p>\n

Appen (ASX:APX) \u2013 ASX price query letter<\/p>\n

Resource Mining Corporation (ASX: RMI) \u2013 release of a corrective announcement<\/p>\n

Arrow Minerals (ASX: AMD) \u2013 capital raising<\/p>\n

Sky Metals (ASX: SKY) \u2013 capital raising<\/p>\n

Asara Resources (ASX: AS1) \u2013 capital raising<\/p>\n

Red Hawk Mining (ASX: RHK) \u2013 capital raising<\/p>\n

Tivan (ASX: TVN) \u2013 capital raising<\/p>\n

Vertex Minerals (ASX: VTX) \u2013 capital raising<\/p>\n

Painchek (ASX: PCK) \u2013 capital raise<\/p>\n

\u00a0<\/p>\n

YESTERDAY\u2019S ASX SMALL CAP LEADERS<\/h2>\n

Here are Tuesday\u2019s best performing ASX small cap stocks:<\/strong><\/p>\n

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

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Code Company Price % Volume Market Cap RMI Resource Mining Corp 0.037 131% 4,167,300 $9,477,565 NYM Narryer Metals 0.059 111% 463,511 $1,343,820 JAV Javelin Minerals Ltd 0.002 100% 250,000 $2,176,231 GCR Golden Cross 0.003 50% 3,086,372 $2,194,512 PKO Peako Limited 0.006 50% 11,182,101 $2,108,339 NYR Nyrada Inc 0.145 45% 15,117,633 $15,600,870 WIN Widgienickellimited 0.075 34% 981,426 $16,684,923 AUK Aumake Limited 0.004 33% 1,383,480 $5,743,220 MTL Mantle Minerals Ltd 0.002 33% 3,629,736 $9,296,169 RIE Riedel Resources Ltd 0.004 33% 250,046 $6,671,507 TKL Traka Resources 0.002 33% 3,604,907 $2,625,988 VPR Volt Power Group 0.002 33% 538,500 $16,074,312 APX Appen Limited 1.08 30% 17,856,416 $181,970,752 CPO Culpeo Minerals 0.045 29% 4,708,563 $5,767,611 AMM Armada Metals 0.019 27% 22,200 $3,120,000 ESK Etherstack PLC 0.245 26% 35,831 $25,737,465 CCO The Calmer Co Int 0.005 25% 14,781 $4,730,787 EDE Eden Inv Ltd 0.0025 25% 3,314,137 $7,356,542 H2G Greenhy2 Limited 0.01 25% 100,000 $3,350,047 RMX Red Mount Mining 0.0025 25% 31,832 $5,347,152 RFA Rare Foods Australia 0.036 24% 150,153 $5,943,530 MSB Mesoblast Limited 0.395 23% 23,827,108 $324,909,516 FTL Firetail Resources 0.05 22% 359,866 $6,105,128 RIM Rimfire Pacific 0.04 21% 12,324,092 $73,268,076 AQC Auspac Coal 0.0665 21% 2,307,385 $28,213,218 <\/p>\n

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

Small cap battler Resource Mining Corp (ASX:RMI)<\/a> caught a rocket in early trade after pXRF soil sampling defined nine big copper-gold targets at the newly acquired Mpanda project in Tanzania.<\/p>\n

pXRF is used by explorers to analyse the composition of soils and rocks in minutes, instead of the weeks it takes to get assays back from the lab.<\/p>\n

It is no substitute for lab assays though, which are far more accurate.<\/p>\n

It might be RMI\u2019s failure to mention this which\u00a0forced the company into a Trading Halt while it works on a \u201ccorrective announcement\u201d.<\/a><\/p>\n

Narryer Metals (ASX:NYM)<\/a> stonked +100% after announcing plans to buy 70% of two lithium projects, Big Hill and Fran, in the Northwest Territories of Canada.<\/p>\n

Big Hill shares a boundary with $200m capped\u00a0Li-FT Power (TSXV:LIFT)\u00a0which is drilling into thick, high grade lithium across multiple pegmatites\u00a0you can see from space.<\/a><\/p>\n

NYM has completed a $1m cap raise at a 43% premium (unheard of!) to fund initial exploration.<\/p>\n

\u00a0<\/p>\n

YESTERDAY\u2019S ASX SMALL CAP LAGGARDS<\/h2>\n

Here are Tuesday\u2019s worst performing ASX small cap stocks:<\/strong><\/p>\n

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

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Code Company Price % Volume Market Cap AXP AXP Energy Ltd 0.001 -50% 101,123 $11,649,361 MRQ MRG Metals Limited 0.001 -50% 25,000 $4,942,682 IS3 I Synergy Group Ltd 0.01 -29% 367,055 $4,257,125 SLZ Sultan Resources Ltd 0.02 -26% 3,618,724 $4,001,131 1AG Alterra Limited 0.003 -25% 150,000 $3,482,763 1MC Morella Corporation 0.003 -25% 1,265,359 $24,715,198 NES Nelson Resources. 0.003 -25% 1,300,000 $2,454,377 NRZ Neurizer Ltd 0.003 -25% 15,959,702 $6,005,643 SFG Seafarms Group Ltd 0.003 -25% 2,064,344 $19,346,397 RLG Roolife Group Ltd 0.007 -22% 221,778 $6,503,023 AN1 Anagenics Limited 0.012 -20% 44,069 $6,286,993 CF1 Complii Fintech Ltd 0.02 -20% 434,761 $14,198,013 BNL Blue Star Helium Ltd 0.008 -20% 14,131,189 $19,422,653 GCM Green Critical Minerals 0.004 -20% 7,275 $5,682,925 NAE New Age Exploration 0.004 -20% 91,560 $8,969,495 PRX Prodigy Gold NL 0.004 -20% 871,984 $8,755,539 ROG Red Sky Energy. 0.004 -20% 1,446,217 $27,111,136 TMX Terrain Minerals 0.004 -20% 10,160,209 $7,158,353 EVR Ev Resources Ltd 0.01 -17% 11,924,682 $15,855,258 M4M Macro Metals Limited 0.005 -17% 37,012,429 $16,872,467 MSI Multistack Internat. 0.005 -17% 814,969 $817,824 TX3 Trinex Minerals Ltd 0.005 -17% 1,900,000 $8,922,148 VRC Volt Resources Ltd 0.005 -17% 564,659 $24,780,640 CR1 Constellation Res 0.11 -15% 25,000 $6,487,705 IMC Immuron Limited 0.11 -15% 3,769,965 $29,613,785 <\/p>\n

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

The precipitous fall of once great lithium developer\u00a0Lake Resources (ASX:LKE)<\/strong><\/a>\u00a0continues.<\/p>\n

Worth ~$2.7bn at $2.11\/sh in April 2022, the struggling stock has now announced a $20m raise at just 7c per share to keep the lights on.<\/p>\n

The issue price represents a massive 39.1% discount to the last closing price of A$0.115 on 8 March 2024 and a 42.3% discount to the 5-day VWAP of A$0.121.<\/p>\n

Meanwhile, Blue Star (ASX:BNL)<\/strong><\/a>\u00a0will pause development at the Voyager project after being \u201cdisappointed\u201d with the performance from the first two helium development wells.<\/p>\n

Voyager was spruiked as a capex light development \u201cprojected to deliver high returns and maximum product market pricing and flexibility<\/a>\u201d.<\/p>\n

<\/span><\/p>\n

The post Rise and Shine: Everything you need to know before the ASX opens<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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