Rise and Shine: Everything you need to know before the ASX opens

Good morning, and Happy Tuesday! Here’s everything you need to know before the ASX fires up today.

Pic: Getty Images

Good morning everyone, and welcome to October 22 – an important date in the history of religious hubris.

That’s because it was on this day in 1844 that the Millerite Adventists – who honestly believed that their interpretation of the Bible was 100 per cent accurate and that every other interpretation was utterly sinful – began their wait for the second coming of Jesus Christ.

As far as I know, they’re still waiting.

Luckily, you won’t have to be stood up for a date with a deity in order to get your hands on good pre-market info today.

That’s because – as always – we’ve worked super hard to gather together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US2732.15/oz (+0.40%)

Silver: $US34.08/oz (+1.10 per cent)

Iron Ore: $US103.10/t (+1.40 per cent)

Nickel (3mth): $US16,777/t (2.47 per cent)

Copper (3mth): $US9502/t (+1.26 per cent)

Zinc: $US3081/t (+2.47 per cent)

Oil (WTI): $US69.57/bbl (+0.27 per cent)

Oil (Brent): $US73.30/bbl (+0.18 per cent)

AUD/USD: 0.6715 (+0.01 per cent)

Bitcoin: $US68,24570.43 (-0.18 per cent)

WHAT GOT YOU TALKING

Big news on the osteo-health front, as Tim Boreham explores what’s happening for Paradigm Biopharmaceuticals in the very near future.

Health Check: Just the news we ‘kneed’ as @ParadigmBio aims to kick-start US osteo trial. Tim Boreham reports > https://t.co/MNH1AspN8m

— Stockhead (@StockheadAU) October 21, 2024

MONDAY’S ASX SMALL CAP LEADERS

Here are the best-performing ASX small cap stocks:

Code	Name	Price	% Change	Volume	Market Cap
PUA	Peak Minerals Ltd	0.005	150%	124,483,121	$4,994,221
YRL	Yandal Resources	0.200	100%	5,368,984	$26,780,761
DOU	Douugh Limited	0.013	44%	39,440,249	$9,738,620
TZN	Terramin Australia	0.077	40%	2,107,883	$116,410,950
CAV	Carnavale Resources	0.004	33%	33,508,449	$12,270,655
EXL	Elixinol Wellness	0.004	33%	3,074,199	$4,680,214
GCR	Golden Cross	0.004	33%	1,450,332	$3,291,768
ODE	Odessa Minerals Ltd	0.006	33%	12,030,707	$5,707,271
TZL	TZ Limited	0.065	33%	1,686,170	$12,572,573
BML	Boab Metals Ltd	0.170	31%	5,289,318	$30,341,364
VR1	Vection Technologies	0.013	30%	68,609,049	$13,265,890
POD	Podium Minerals	0.049	26%	2,882,841	$17,735,124
LRV	Larvottoresources	0.525	25%	8,320,185	$133,454,923
88E	88 Energy Ltd	0.003	25%	3,727,876	$57,867,624
EVR	Ev Resources Ltd	0.005	25%	20,400	$5,585,086
RIL	Redivium Limited	0.005	25%	28,008	$10,987,419
SS1	Sun Silver Limited	1.100	21%	2,485,509	$77,281,978
RXL	Rox Resources	0.180	20%	3,673,148	$61,589,293
ERL	Empire Resources	0.003	20%	805,599	$3,709,783
ARD	Argent Minerals	0.022	19%	32,589,598	$25,990,662
USL	Unico Silver Limited	0.340	19%	2,910,119	$100,636,470
IVR	Investigator Res Ltd	0.051	19%	13,611,481	$68,321,822
AYA	Artryalimited	0.450	18%	321,557	$29,926,517

Monday’s small cap winners included:

Yandal Resources (ASX:YRL) was rising quickly on news that the first assay results from the 12 hole, 2400m RC program completed across New England Granite structural targets in early October have been received. The results showed 78m @ 1.2 g/t Au from 96m to end-of-hole in 24IWBRC0039, including 5m @ 3.2g/t Au from 102m, and 5m @ 2.8g/t Au from 139m. The remaining results from this drill program are expected over the next two to four weeks.

Vection Technologies (ASX:VR1) rose on news that it had partnered with IT giant Dell to launch its AI-based ‘Algho’ platform, securing its first sale of $500,000. The company says the launch is “testament to the value and potential of Vection’s acquisition of TDB” – the acquisition TDB, which supplied the generative AI layer which powers Vection’s ‘Algho’ platform, goes before shareholders for approval on Monday, October 28.

Carnavale Resources (ASX:CAV) was up on news that it had commenced an extensional drilling program at the high-grade Swiftsure deposit within the Kookynie Gold Project, testing extensions to the Swiftsure bonanza gold grade shoots that contain zones of +30g/t within the resource. The company says it will monitor the drilling carefully and modify the program to chase the best mineralisation as it is encountered.

Elixinol Wellness (ASX:EXL) was up on news that it would be consolidating its securities, from 1.56 billion to a somewhat more manageable 195 million, with the process to be voted on as part of the company’s AGM later this month.

TZ (ASX:TZL) lifted on news that it had entered into a heads of agreement to acquire Proptech company, Keyvision Holdings – a “high margin, recurring revenue proptech company that provides Tenant Experience Apps for the property sector: Residential; Commercial; Retail; Aged Care and Community Groups”, according to the announcement.

Quickfee (ASX:QFE) climbed after releasing a quarterly business update, revealing quarterly revenue of $5.6 million, up 33 per cent on pcp. The increase was driven by “strong growth in the core Finance product in both Australia and the US”, and has the company set for an expected FY25 EBTDA in the range of $1.5 -$2.5 million, with a stronger second half-year.

Kaiser Reef (ASX:KAU) pumped on news that it had received firm commitments for a placement of Kaiser shares at $0.15 each to raise $8 million (before costs) to complete the last stage of the A1 Mine production plan. The funds have been earmarked for completion of the A1 Mine ramp up and expansion for high-grade gold production, and the resumption of drilling at the A1 Mine.

Vital Metals’ (ASX:VML) news was an AGM announcement, and Peak Minerals’ (ASX:PUA) news was a response to an ASX speeding ticket on price and volume.

Environmental Clean Technologies (ASX:ECT) was up on news of the signing of a joint venture agreement with ESG Agriculture, advancing from the heads of agreement signed in July 2024. The company says it marks a significant milestone in the progression of the COLDry Lignite-Nitrogen Fertiliser Project.

TMK Energy (ASX:TMK) jumped on news that the first of the three additional pilot production wells at the Gurvantes XXXV Coal Seam Gas (CSG) Project, being drilled as part of the 2024 drilling program, had been successfully drilled to a total depth of 480m and had intersected approximately 60m of net coal, which is “as per prognosis and consistent with the existing three surrounding pilot production wells”.

MONDAY’S ASX SMALL CAP LAGGARDS

Here are the worst-performing ASX small cap stocks:

Code	Name	Price	% Change	Volume	Market Cap
SI6	SI6 Metals Limited	0.00	-50%	2,416,374	$4,737,719
VPR	Voltgroupltd	0.00	-50%	2,038,273	$21,432,416
KLI	Killiresources	0.09	-39%	12,692,995	$20,332,443
NSM	Northstaw	0.02	-37%	2,929,485	$5,627,152
PRX	Prodigy Gold NL	0.00	-33%	55,800	$6,997,367
IBG	Ironbark Zinc Ltd	0.00	-25%	1,054,353	$7,334,591
JAV	Javelin Minerals Ltd	0.00	-25%	1,021,834	$17,107,385
SFG	Seafarms Group Ltd	0.00	-25%	64,214	$19,346,397
CC9	Chariot Corporation	0.22	-21%	402,980	$25,095,801
PXX	Polarx Limited	0.01	-20%	1,874,265	$23,755,010
PRS	Prospech Limited	0.03	-19%	871,266	$9,381,460
PPG	Pro-Pac Packaging	0.03	-18%	1,004,583	$6,904,133
NME	Nex Metals Explorat	0.03	-18%	122,891	$10,891,118
KCC	Kincora Copper	0.04	-17%	366,663	$9,475,223
VTI	Vision Tech Inc	0.10	-17%	10,865	$6,604,376
BPP	Babylon Pump	0.01	-17%	75,000	$14,997,294
BUY	Bounty Oil & Gas NL	0.01	-17%	5,351,166	$8,991,006
H2G	Greenhy2 Limited	0.01	-17%	300,000	$3,589,105
LPD	Lepidico Ltd	0.00	-17%	1,905,339	$25,767,375
POS	Poseidon Nick Ltd	0.01	-17%	870,138	$25,223,253
PRM	Prominence Energy	0.01	-17%	820	$2,335,058

TRADING HALTS

Corella Resources (ASX:CR9) – pending the release of announcement in relation to Board and Management changes.

HeraMED (ASX:HMD) – pending an announcement by HeraMED regarding a proposed capital raise.

Patagonia Lithium (ASX:PL3) – for the purpose of considering and executing a proposed capital raising.

Suvo Strategic Minerals (ASX:SUV) – pending an announcement regarding a capital raising.

Great Western Exploration (ASX:GTE) – pending the release of an announcement to the market regarding a fund raising.

Belararox (ASX:BRX) – pending an announcement regarding a proposed capital raise.

Nutritional Growth Solutions (ASX:NGS) – pending the release of an announcement regarding a capital raise by way of a placement to institutional and sophisticated investors.

Dateline Resources (ASX:DTR) – to allow the company the time necessary to finalise a detailed report in regard to the Company’s 100% owned Colosseum Gold-REE Project.

New Age Exploration (ASX:NAE) – pending an announcement in connection with a material capital raising.

PYC Therapeutics (ASX:PYC) – pending an announcement to the market in relation to the ongoing Retinitis Pigmentosa type 11 clinical trials.

True North Copper (ASX:TNC) – pending release of an announcement regarding an update in relation to proposed financing arrangements.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Rise and Shine: Everything you need to know before the ASX opens