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Closing Bell: Stocks putting out good news, sneaking in bad news while almost everyone watches the cricket

  • ASX 200  up ~0.9% to 7,567 points – its highest since August 2021
  • Small Cap Winners: ARN, BLY, EVR, AGR
  • Small Cap Losers: IVZ, VIT, GPR

 

A solid but quiet day on the ASX.

Even CommSec is trading the Bloomberg terminal for beers and test cricket until early January.

At 4pm eastern time the benchmark ASX 200 was up ~0.9% to 7,567 points – its highest since August 2021. Yew.

 

TRADING HALTS

These stocks entered trading halts Wednesday and are expected out in the coming days

Mighty Kingdom (ASX:MKL) – capital raise

Entyr (ASX:ETR) — additional detail in respect of the offtake and collaboration agreement with Trafigura

Eagers Automotive (ASX:APE) – cyber incident

 

 

WEDNESDAY’S LARGE CAP MOVERS

Winners ????

Liontown Resources (ASX:LTR) +6%

Genesis Minerals (ASX:GMD) +5%

Mercury NZ (ASX:MCY) +5%

 

Losers ????

Mader Group (ASX:MAD) -4%

Sigma Healthcare (ASX:SIG) -2.5%

Boss Energy (ASX:BOE) -2%

 

SMALL CAP LEADERS

Today’s best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

CODE COMPANY PRICE % VOLUME MARKET CAP
BLY Boart Longyear 2.75 57% 96,723 $517,860,725
ARN Aldoro Resources 0.125 52% 3,626,336 $11,039,147
EYE Nova EYE Medical 0.18 50% 1,185,744 $22,875,467
AGR Aguia Res Ltd 0.024 41% 7,617,959 $8,593,175
ICN Icon Energy Limited 0.007 40% 1,006,660 $3,840,068
T3D 333D Limited 0.023 35% 104,041 $2,030,564
EVR Ev Resources Ltd 0.012 33% 7,132,191 $9,896,295
OPT Opthea Limited 0.6 32% 1,483,323 $301,577,928
MEG Megado Minerals Ltd 0.034 31% 439,287 $6,615,845
OZM Ozaurum Resources 0.15 30% 3,219,375 $18,256,250
AMD Arrow Minerals 0.005 25% 14,195,190 $13,895,060
CTN Catalina Resources 0.005 25% 217,700 $4,953,948
FFG Fatfish Group 0.016 23% 9,939,239 $15,473,116
NET Netlinkz Limited 0.008 23% 18,569,187 $24,000,854
AML Aeon Metals Ltd. 0.011 22% 89,072 $9,867,606
ECT Env Clean Tech Ltd. 0.006 20% 2,324,119 $14,321,552
GES Genesis Resources 0.006 20% 1,370 $3,914,206
RIL Redivium Limited 0.006 20% 171,200 $13,654,274
SI6 SI6 Metals Limited 0.006 20% 145,193 $9,969,297
TAS Tasman Resources 0.006 20% 446,932 $3,563,346
PFT Pure Foods Tas Ltd 0.085 20% 40,056 $7,809,646
DXB Dimerix Ltd 0.215 19% 5,213,388 $76,694,381
JLL Jindalee Lithium Ltd 1 19% 47,850 $50,811,698
SER Strategic Energy 0.013 18% 392,845 $5,343,967
DYM Dynamic Metals 0.165 18% 36,549 $4,900,000

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Aldoro Resources (ASX:ARN) is picking up rock chips grading +9% niobium at the Kameelburg project.

Deposits of niobium, a little-known metal made famous by WA1 Resources’ (ASX:WA1) monster find in WA, usually grade between 0.2% and 2.5%.

130 year-old drilling company Boart Longyear (ASX:BLY) will be taken private by a US company via court approved plan of arrangement.

The cash deal values each share at US$1.9554 – a 96% premium to the 30-day volume-weighted average price.

The BLY board unanimously recommends the deal to shareholders.

EV Resources (ASX:EVR) has the green light to drill its high grade Parag copper-molybdenum project (EVR: 70%) in Peru.

And phosphate co Aguia Resources (ASX:AGR) continues to run after announcing a deal to acquire private South American gold hunter Andean Mining last week.

Far East Capital analyst and AGR/Andean chair Warwick Grigor calls the deal “a game changer”.

“The main asset of Andean, the Santa Barbara gold mine, stands out for the very high-grade gold that will make it one of the lowest cost gold mines in the world,” he says.

 

SMALL CAP LAGGARDS

Today’s worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

CODE COMPANY PRICE % VOLUME MARKET CAP
EMU EMU NL 0.001 -33% 100,000 $3,037,157
VPR Volt Power Group 0.001 -33% 10 $16,074,312
AVW Avira Resources Ltd 0.0015 -25% 348,900 $4,267,580
MHC Manhattan Corp Ltd 0.003 -25% 2,066,234 $11,747,919
VAL Valor Resources Ltd 0.003 -25% 103,000 $16,693,339
YOJ Yojee Limited 0.003 -25% 11,676 $5,223,941
GPR Geopacific Resources 0.016 -24% 1,754,126 $17,256,065
VIT Vitura Health Ltd 0.22 -21% 906,774 $161,244,661
KP2 Kore Potash PLC 0.011 -21% 724,777 $9,380,085
88E 88 Energy Ltd 0.004 -20% 13,075,959 $123,204,013
JAV Javelin Minerals Ltd 0.002 -20% 582,866 $2,720,289
WEL Winchester Energy 0.002 -20% 200,000 $2,551,055
EMH European Metals Hldg 0.39 -19% 252,752 $60,642,131
NSB Neuroscientific 0.04 -18% 565,887 $7,085,639
KLI Killiresources 0.05 -17% 55,497 $3,574,503
AS1 Asara Resources Ltd 0.01 -17% 2,187,724 $8,792,771
SIT Site Group Int Ltd 0.0025 -17% 167,000 $7,807,471
BMM Balkanminingandmin 0.11 -15% 9,844 $9,235,267
KOB Kobaresourceslimited 0.068 -15% 241 $8,433,333
IVZ Invictus Energy Ltd 0.1325 -15% 9,434,798 $200,099,045
GTG Genetic Technologies 0.15 -14% 100,756 $20,198,018
MPK Many Peaks Minerals 0.15 -14% 3,100 $6,365,535
TX3 Trinex Minerals Ltd 0.006 -14% 348 $10,409,173
VMS Venture Minerals 0.006 -14% 5,885,617 $15,470,091
CR9 Corellares 0.019 -14% 251,861 $10,231,999

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Oil and gas hopeful Invictus Energy (ASX:IVZ) has raised more cash, this time $15m at 13c per share. This is a 21% discount to the 5-day VWAP.

IVZ will also launch an entitlement offer to all shareholders with details to be released to the market in January next year.

The company raised a collective $35.4m between April-June, and another $15m in September.

Pot tech stock Vitura Health (ASX:VIT) – formerly known as Cronos Australia — says Code4 Cannabis will not be extending its services agreement with VIT subsidiary Canview.

Gold developer Geopacific Resources (ASX:GPR) will defer a $3.5m debt owed to a major shareholder in exchange for a 4% “prolongation” fee.

Meanwhile miner Core Lithium (ASX:CXO) continues to bleed, down 27% since announcing the dreaded ‘strategic review’ of operations last week in response to plummeting lithium prices.

It is currently paying 24c/sh, down from a peak of $1.67/sh in November last year.

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