ASX Lunch Wrap: Stocks, Bitcoin charge ahead; Capricorn jumps on record gold output

ASX climbs on Tuesday, Bitcoin surges past US$102k on Trump’s crypto push and Capricorn hits a gold record.

Stocks, Bitcoin soar; Capricorn hits gold record. Picture via Getty Images

• ASX extends gains, led by tech, consumer stocks

• Bitcoin touches US$102k on Trump’s crypto boost

• Syrah dips, Capricorn hits record gold output

The ASX is off to another strong start on Tuesday, up 0.15% and marking its fourth consecutive gain.

Tech led the charge, but retailers also rallied as traders pinned hopes on a rebound in consumer sentiment for the new year.

The optimism follows a 3.6-point boost in consumer confidence for the first week of January, as reported by ANZ-Roy Morgan this morning.

On the crypto front, Bitcoin is making a comeback, surging back to just a tad over US$102,000 at the time of writing. 

The rally was partly fuelled by pro-crypto ally Mike Johnson, who retained his position as speaker of the US House of Representatives, a win for Trump’s crypto-friendly agenda.

Overnight on Wall Street, it was the tech giants making the noise as the Magnificent Seven –Nvidia, Tesla, Amazon and co – all rose.

Nvidia led the way, hitting a fresh record as investors waited for CEO Jensen Huang’s speech at the world’s biggest consumer electronics show (CES) in Vegas.

US banks stocks were back in the spotlight, too. The big news? Michael Barr stepping down as Fed vice-chair for supervision.

Meanwhile, the US dollar strengthened again after Trump made it clear his tariff plans aren't going anywhere.

Back on the ASX, eight out of 11 sectors were in the green at 12: 30pm AEDT:

Source: Market Index

Source: Market Index

In the large caps space, making headlines on Tuesday was Capricorn Metals (ASX:CMM), which rose 3% after reporting record gold production for the December quarter, producing 28,702 ounces of gold, up from 25,559 the previous quarter.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for January 7 :

Security	Description	Last	%	Volume	MktCap
88E	88 Energy Ltd	0.002	100%	901,495	$28,933,812
RGT	Argent Biopharma Ltd	0.250	47%	163,485	$9,226,286
ICG	Inca Minerals Ltd	0.008	33%	8,676,176	$6,160,335
PPY	Papyrus Australia	0.015	25%	1,322,797	$6,624,544
ADD	Adavale Resource Ltd	0.003	25%	3,938,486	$3,081,664
CUL	Cullen Resources	0.005	25%	1,519,725	$2,773,607
MOH	Moho Resources	0.005	25%	873,000	$2,865,898
DXB	Dimerix Ltd	0.440	24%	6,584,843	$198,042,756
PIM	Pinnacleminerals	0.058	21%	40,000	$2,182,239
KKO	Kinetiko Energy Ltd	0.073	20%	83,004	$87,387,691
JAV	Javelin Minerals Ltd	0.004	17%	11,980	$18,065,874
VRC	Volt Resources Ltd	0.004	17%	484,750	$12,639,719
FGH	Foresta Group	0.008	14%	100,000	$18,403,831
PVT	Pivotal Metals Ltd	0.008	14%	30,006	$6,350,581
SKK	Stakk Limited	0.008	14%	463,000	$14,525,558
KZR	Kalamazoo Resources	0.083	14%	145,774	$14,839,700
SCN	Scorpion Minerals	0.017	13%	4,690	$6,141,843
SBW	Shekel Brainweigh	0.026	13%	54,822	$5,245,408
BML	Boab Metals Ltd	0.180	13%	1,439,820	$37,343,217
AEV	Avenira Limited	0.009	13%	150,000	$25,352,272

Dimerix (ASX:DXB) has struck an exclusive deal with Japanese company Fuso Pharmaceutical Industries to develop and commercialise DMX-200 for treating FSGS in Japan. Fuso will cover all clinical trial costs and regulatory work in Japan, while Dimerix retains rights outside of Japan. Dimerix is set to receive up to ¥10.5 billion (~$107 million) in upfront and milestone payments, plus 15-20% royalties on net sales. The ACTION3 trial for DMX-200 is already approved in Japan, with the first clinical sites expected to open in Q1 2025.

Argent Biopharma (ASX:RGT) has successfully raised US$4.5 million by issuing 11.25 million shares at US$0.40 each, with one free warrant for every two shares. The funds will support the development of CannEpil and other treatments, while the company plans a US listing after its LSE delisting.

Smart sensors tech company Shekel Brainweigh (ASX:SBW) ended 2024 with a bang, reporting a record Q4 revenue of US$7.65m – up 27% from the previous year. Retail tech sales soared 106%, and local Israeli market revenue jumped 75%. Entering 2025, the company said it has a US$6.11m order backlog, up 19%.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for January 7 :

Code	Name	Price	% Change	Volume	Market Cap
SIS	Simble Solutions	0.004	-33%	434,166	$5,017,982
GMN	Gold Mountain Ltd	0.003	-25%	769,608	$18,269,893
NAE	New Age Exploration	0.003	-25%	195,666	$8,575,596
TMX	Terrain Minerals	0.003	-25%	162,805	$7,242,782
TTI	Traffic Technologies	0.003	-25%	810,157	$4,614,933
SGQ	St George Min Ltd	0.020	-20%	11,952,557	$30,963,511
MEL	Metgasco Ltd	0.004	-20%	49,998	$7,287,934
RLG	Roolife Group Ltd	0.004	-20%	25,000	$5,980,156
TYX	Tyranna Res Ltd	0.004	-20%	317,798	$16,439,627
ERA	Energy Resources	0.003	-17%	540,000	$1,216,188,722
PWN	Parkway Corp Ltd	0.011	-15%	35,918	$35,972,480
BRN	Brainchip Ltd	0.320	-15%	24,826,278	$739,675,491
CCO	The Calmer Co Int	0.006	-14%	181,097	$17,785,969
GTR	Gti Energy Ltd	0.003	-14%	190,827	$10,370,324
KRR	King River Resources	0.012	-14%	149,000	$21,395,091
SER	Strategic Energy	0.007	-13%	25,000	$5,368,267
1AD	Adalta Limited	0.015	-12%	55,000	$10,734,787
KNB	Koonenberrygold	0.015	-12%	4,061,893	$14,862,887
BIT	Biotron Limited	0.016	-11%	100,000	$16,242,890
PUA	Peak Minerals Ltd	0.008	-11%	178,490	$22,968,992
RC1	Redcastle Resources	0.008	-11%	85,000	$6,692,102
TOY	Toys R Us	0.051	-11%	1,122,435	$8,621,943

Syrah Resources (ASX:SYR) fell 2% despite securing a loan waiver from the US government’s development bank. The waiver, valued at US$53 million, comes after civil unrest in Mozambique halted production at its graphite mine.

At Stockhead we tell it like it is. While Dimerix is a Stockhead advertiser, it did not sponsor this article.

Originally published as ASX Lunch Wrap: Stocks, Bitcoin charge ahead; Capricorn jumps on record gold output