ASX Lunch Wrap: It’s a bumpy start to Friday, but tech sector finds upside

The ASX has dipped from record highs, but the tech sector is travelling okay so far on Friday. Meanwhile, MTM has partnered with Indium for US metal recovery.

It's been a bumpy ride for the ASX today. Picture via Getty Images

• ASX dips after record highs, tech stocks up in Europe

• Select Harvests posts surprise profit after major loss

• Resolute Mining pays US$130m in Mali settlement, shares rise

The ASX has had a bumpy start to Friday, with the S&P/ASX 200 benchmark dipping by 0.4% at the time of writing.

This follows a week where the index had managed to reset its record twice after reaching fresh highs on Monday and Thursday.

Wall Street was closed overnight for Thanksgiving holiday, but over in Europe, tech stocks found some upside, buoyed by a report suggesting the US might ease restrictions on semiconductor sales to China next week.

This is where the ASX stands at around 12:40pm AEST:

Source: Market Index

Source: Market Index

Stocks in the spotlight this morning include almond producer, Select Harvests (ASX:SHV).

The company reported a surprising turnaround, posting a net profit of $1.5 million for the full-year results, following a shocker of a loss last year, when it posted a net loss of $114.7 million. Select’s shares were up 4%.

Meanwhile, Resolute Mining (ASX:RSG) said it has made a US$130m payment towards the US$160m settlement with Mali’s ruling junta. The settlement was part of the deal to free Resolute’s CEO and two staff members, who had been held hostage in Mali.

The payment clears the way for Resolute to continue operations at its Syama gold mine in Mali, with the remaining US$30 million set to be paid by year-end. Shares were up 4%.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for November 29 :

Code	Name	Price	% Change	Volume	Market Cap
AOK	Australian Oil.	0.004	33%	150,000	$3,005,349
AVE	Avecho Biotech Ltd	0.004	33%	2,576,470	$9,507,891
LNU	Linius Tech Limited	0.002	33%	362,000	$9,226,824
MTM	MTM Critical Metals	0.089	31%	27,843,845	$23,660,777
ERW	Errawarra Resources	0.078	30%	809,485	$5,755,240
MEG	Megado Minerals Ltd	0.015	25%	704,502	$3,509,467
MOV	Move Logistics Group	0.175	25%	16,981	$17,865,963
COY	Coppermoly Limited	0.010	25%	50,000	$5,661,259
TSL	Titanium Sands Ltd	0.005	25%	44,200	$8,846,989
HMG	Hamelingoldlimited	0.074	21%	398,548	$9,607,500
BMO	Bastion Minerals	0.006	20%	181,602	$4,223,623
ROG	Red Sky Energy.	0.012	20%	36,188,102	$54,222,272
PPG	Pro-Pac Packaging	0.020	18%	543,099	$3,088,691
ASR	Asra Minerals Ltd	0.004	17%	1,014,489	$6,756,339
DTR	Dateline Resources	0.004	17%	319,164	$7,548,781
GTR	Gti Energy Ltd	0.004	17%	481,029	$8,888,849
SRN	Surefire Rescs NL	0.004	17%	168,391	$5,958,923
PAR	Paradigm Bio.	0.530	16%	3,017,500	$158,932,420
PCL	Pancontinental Energ	0.022	16%	16,748,693	$154,500,131
GTN	GTN Limited	0.525	15%	915,024	$89,305,452
CDX	Cardiex Limited	0.115	15%	55,649	$29,417,457
LRV	Larvottoresources	0.630	15%	3,196,435	$188,138,558
ST1	Spirit Technology	0.063	15%	1,074,928	$103,974,972
AAU	Antilles Gold Ltd	0.004	14%	325,000	$6,495,100

Asra Minerals (ASX:ASR) has completed 2,400m of air-core and 1,310m of reverse circulation drilling at the Diorite East Prospect, part of the Mt Stirling Gold Project. The drilling confirmed gold mineralisation in the bedrock, with highlights including 4m at 1.69 g/t Au and 4m at 1.68 g/t Au. Strong gold anomalies were also found at Yttria and Mt Stirling Viserion, with a peak grade of 1.2 g/t Au. Further testing will follow with a larger RC drilling program in 2025.

MTM Critical Metals (ASX:MTM) has teamed up with Indium Corporation to develop a US-based solution for recovering critical metals like gallium, germanium, and indium from scrap using MTM's Flash Joule Heating technology. The collaboration aims to reduce US reliance on foreign sources, supporting domestic manufacturing and national security.

Imricor Medical Systems (ASX:IMR) continues to rise, up by another 12% today after the announcement yesterday that it has signed a licensing agreement with Swiss software company ADIS for the commercialisation of AI modules integrated into its NorthStar 3D mapping system. The agreement covers upfront license payments and ongoing fees, with plans for a commercial launch in Europe, the US, and the Middle East in 2025.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for November 29 :

Code	Name	Price	% Change	Volume	Market Cap
ERA	Energy Resources	0.002	-33%	401,234	$1,216,188,722
VML	Vital Metals Limited	0.002	-33%	2,638,979	$17,685,201
88E	88 Energy Ltd	0.002	-25%	2,020,682	$57,867,624
GMN	Gold Mountain Ltd	0.002	-25%	2,000,100	$7,814,946
JAV	Javelin Minerals Ltd	0.003	-25%	20,206,741	$20,757,585
FND	Findi Limited	6.000	-23%	567,201	$379,953,213
BUY	Bounty Oil & Gas NL	0.004	-20%	52,735	$7,492,505
GGE	Grand Gulf Energy	0.002	-20%	1,233,352	$6,125,968
PUR	Pursuit Minerals	0.002	-20%	355,916	$9,088,500
ADG	Adelong Gold Limited	0.005	-17%	140,103	$6,707,934
ALM	Alma Metals Ltd	0.005	-17%	677,563	$9,399,133
AUK	Aumake Limited	0.005	-17%	380,034	$17,719,446
EXL	Elixinol Wellness	0.005	-17%	400,900	$10,520,427
GCM	Green Critical Min	0.005	-17%	1,008,302	$11,445,320
LML	Lincoln Minerals	0.005	-17%	65,750	$12,337,557
MCM	Mc Mining Ltd	0.130	-16%	1	$73,797,879
PR2	Piche Resources	0.105	-16%	129,714	$10,036,317
G50	G50Corp Ltd	0.200	-15%	572,549	$36,208,895
ALY	Alchemy Resource Ltd	0.006	-14%	11,097,292	$8,246,534
IPB	IPB Petroleum Ltd	0.006	-14%	1,322,253	$4,944,821
IXR	Ionic Rare Earths	0.006	-14%	7,181,889	$34,088,339
KGD	Kula Gold Limited	0.006	-14%	7,178,260	$4,502,483
OAK	Oakridge	0.060	-14%	7,338	$1,889,854
SPX	Spenda Limited	0.010	-14%	3,195,436	$50,639,555

Findi (ASX:FND), provider of ATM and merchant services in India, slumped 18% despite reporting solid revenue growth and maintaining its FY25 guidance. Investors were probably disappointed with Findi’s $3.9 million net loss and delays in its White Label ATM rollout, which is pending regulatory approval of a key acquisition.

IN CASE YOU MISSED IT

Indiana Resources (ASX:IDA) has acquired the services of experienced mining exec Lindsay  Owler as its newest CEO.

Owler will be based in IDA’s South Australia office and, with extensive experience in mineral exploration across the Gawler Craton region, will help Indiana unlock the potential of its assets in the area.

An initial site visit is planned for December, during which Owler will oversee the company’s ongoing drilling and geochemical sampling campaigns.

At Stockhead, we tell it like it is. While MTM Critical Metals, Indiana Resources and Imricor Medical System are Stockhead advertisers, they did not sponsor this article.

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

Originally published as ASX Lunch Wrap: It’s a bumpy start to Friday, but tech sector finds upside