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

Here’s everything you need to know, and some things you don’t, before the ASX fires up on Monday.

Pic: Getty Images

Good morning everyone, and welcome to Monday, September 30, 1841 – an important date in the history of office stationery.

That’s because on this day in 1841 that a bloke called Samuel Slocum was granted a patent for what we now know as “the stapler” – a feat I am assuming he managed by submitting all of the requisite patent application paperwork in triplicate, without using a single short piece of string to bind them all together.

Luckily for you, you won’t actually have to completely destory the global market for short pieces of string in order to get your hands on good pre-market info on Monday.

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: US$2,6758/.40 (-0.53%)

Silver: US$31.82 (-1.11%)

Nickel (3mth): US$17,041/t (+1.77%)

Copper (3mth): US$9,846/t (-0.99%)

Zinc: US$3,080/t (-0.61%)

Oil (WTI): US$68.10 (+0.75%)

Oil (Brent): US$71.09 (+102.85/t (+4.40%)

AUD/USD: 0.6904 (+0.45%)

Bitcoin: US$65,617.30 (-0.36%)

WHAT GOT YOU TALKING

Which ASX energy juniors stand to win from WA's new domestic gas rules? Read the latest iteration of Got Gas to find out…

GOT GAS: Which ASX energy juniors stand to win from WA's new domestic gas rules? https://t.co/5HrpH9krfY

— Stockhead (@StockheadAU) September 27, 2024

FRIDAY’S ASX SMALL CAP LEADERS

Here are the best-performing ASX small cap stocks:

Code	Name	Price	% Change	Volume	Market Cap
AMD	Arrow Minerals	0.002	100%	4,926,059	$12,689,365
DOU	Douugh Limited	0.005	67%	29,968,882	$3,246,207
BP8	Bph Global Ltd	0.003	50%	216,667	$793,283
IVX	Invion Ltd	0.003	50%	10,583,988	$13,533,183
WEL	Winchester Energy	0.002	50%	2,375,000	$1,363,019
CAN	Cann Group Ltd	0.063	40%	3,381,389	$21,089,992
RIL	Redivium Limited	0.007	40%	13,293,101	$13,734,274
DGR	DGR Global Ltd	0.018	38%	4,472,068	$13,568,015
4DX	4Dmedical Limited	0.605	36%	7,260,845	$182,686,368
ATH	Alterity Therap Ltd	0.004	33%	131,237	$15,961,008
NTM	Nt Minerals Limited	0.004	33%	3,501,057	$3,052,209
OVT	Ovanti Limited	0.004	33%	13,392,722	$4,669,045
RLG	Roolife Group Ltd	0.004	33%	200,978	$3,507,439
VEN	Vintage Energy	0.009	29%	1,142,158	$11,686,719
FBM	Future Battery	0.023	28%	983,831	$11,976,407
NYR	Nyrada Inc.	0.073	26%	1,822,992	$10,568,104
88E	88 Energy Ltd	0.003	25%	892,265	$57,867,624
CYQ	Cycliq Group Ltd	0.005	25%	1,956,082	$1,782,067
TEG	Triangle Energy Ltd	0.005	25%	12,604,156	$8,320,536
RTR	Rumble Res Limited	0.047	24%	4,743,967	$28,744,631
NC6	Nanollose Limited	0.021	24%	30,000	$2,924,108
G50	G50Corp Ltd	0.160	23%	436,160	$15,718,300
NSM	Northstaw	0.015	22%	63,157	$1,714,178

Friday’s small cap winners included:

Douugh (ASX:DOU) was charging hard on news that it has signed a binding agreement to acquire US B2B fintech services platform R-DBX, in a deal that the company says will provide it with a stable positive income stream which in 2023 generated $1.1 million. Douugh has also secured $1 million in working capital via a loan from US-based Relentless Fintech Partners.

4D Medical (ASX:4DX) was up on news that it has signed a comprehensive distribution agreement with Philips, to help the company establish a transformative commercialisation pathway in the United States. Under the terms of the deal, Philips will have exclusive distribution rights to the 4DMedical suite of products with US government customers and non-exclusive rights with all other US customers.

Black Canyon (ASX:BCA) has been boosted by news that drilling has intersected high grade manganese at the W2 prospect at Wandanya, 80km south of the Woodie Woodie Mine in WA. The company says that Portable XRF (pXRF) analysis indicates grade ranges of between 15% to 55% Mn, but – arguably more importantly – the geology of the find “expands the scope to explore for additional high-grade mineralisation along strike where the company has mapped 1.75km of intermittent high grade outcropping manganese”.

Nyrada (ASX:NYR), a drug development company specialising in novel small molecule therapeutics, was climbing on news of the successful completion of a dog toxicology study for its lead candidate, NYR-BI03. The study provided continuing data to support safety and tolerability of the drug, and Nyrada says it is on track to commence first in-human Phase I clinical trial for NYR-BI03 in late CY2024.

Cobalt Blue (ASX:COB) was up on yesterday’s annual report. After booking a $30m impairment to the value of its assets earlier this year and facing oversupply in the cobalt market, COB had a pretty severe drop in share price of 67% in the last year.

An annual report released yesterday has started to lift spirits – and the stock price again – after stating concentrated commitments to its corporate governance and making significant strides in its operations.

This includes the initiation of the Kwinana Cobalt Refinery Study and the commencement of engineering work by Tetra-Tech, while also partnering with Iwatani Corp for potential collaboration on the refinery and its Broken Hill project.

Nothing brewing lately with Loyal Lithium (ASX:LLI) and the last announcement to the market was about partnering with McGill University to access a C$1m research grant to advance its lithium projects in Canada.

It’s got a field program underway at its flagship Trieste project in Quebec’s prolific James Bay lithium district where 10 geo’s are are conducting field prospecting and are due to wrap up the program today. They’ve been concentrating on five resistivity trends across an extensive 22km stretch that align with all six known spodumene-bearing pegmatite dyke outcrops within the project area that showed up to 2.2% Li2O near surface.

Polymetals Resources (ASX:POL) continues to skyrocket after receiving an upgraded ~$30m funding in a loan facility and offtake agreement with long term partner UK-based commodities trader Ocean Partners for its Endeavour base metals mine in mid-September.

The mine developer remains on track to restart Endeavour which comes in with a pre-tax NPV8% of $414m, IRR of a whopping 345% and free cash flow of $609m over the 10-year mine plan with an average annual EBITDA of $89m over the first five years.

FRIDAY’S ASX SMALL CAP LAGGARDS

Here are the worst-performing ASX small cap stocks:

Code	Name	Price	% Change	Volume	Market Cap
SGR	The Star Ent Grp	0.255	-43%	230,852,832	$1,290,906,395
1TT	Thrive Tribe Tech	0.001	-33%	15,000,000	$917,432
VML	Vital Metals Limited	0.002	-33%	917,025	$17,685,201
AAU	Antilles Gold Ltd	0.003	-25%	1,645,619	$7,422,971
CTO	Citigold Corp Ltd	0.003	-25%	443,395	$12,000,000
MEL	Metgasco Ltd	0.003	-25%	761,940	$5,790,347
RNE	Renu Energy Ltd	0.002	-25%	1,979,250	$1,608,268
YAR	Yari Minerals Ltd	0.003	-25%	300,000	$1,929,431
MPP	Metro Perf.Glass Ltd	0.066	-22%	43,181	$15,757,137
BYH	Bryah Resources Ltd	0.004	-20%	540,000	$2,516,434
ECT	Env Clean Tech Ltd.	0.002	-20%	2,168	$7,929,526
SFG	Seafarms Group Ltd	0.002	-20%	10,000	$12,091,498
TYX	Tyranna Res Ltd	0.004	-20%	10,010	$16,439,627
KPO	Kalina Power Limited	0.013	-19%	12,772,416	$39,782,304
CUL	Cullen Resources	0.005	-17%	98,254	$4,160,411
IBG	Ironbark Zinc Ltd	0.003	-17%	42,850	$5,500,943
STM	Sunstone Metals Ltd	0.005	-17%	344,966	$25,955,422
CXU	Cauldron Energy Ltd	0.021	-16%	3,400,549	$30,925,766
1AI	Algorae Pharma	0.006	-14%	6,659,307	$11,811,763
JRV	Jervois Global Ltd	0.012	-14%	10,132,155	$37,838,693
BNL	Blue Star Helium Ltd	0.004	-13%	5,280,068	$9,724,426
BAS	Bass Oil Ltd	0.071	-11%	2,069,057	$23,234,525

TRADING HALTS

A2 Milk (ASX:A2M) – to respond to ASX’s price query received this morning and to inform the market regarding a potential acquisition by A2M.

Estrella Resources (ASX:ESR) – No reason given by the ASX for the halt being called.

TMK Energy (ASX:TMK) – to allow TMK to manage its continuous disclosure obligations whilst it undertakes a capital raising.

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