Closing Bell: ASX banks stage a recovery, but market still stumbles 0.36pc
ASX 200 Banks index adds 0.49pc
Eight of 11 sectors down, with losses led by industrials sliding -1.40pc
Uranium and oil stocks lift energy sector out of the negative
The ASX retreated in trade today, shedding 0.36% with 8 of 11 sectors staging a pullback.
Most of the damage came from industrials (-1.4%), materials (-1.32%) and staples (-0.97%) but only financials (+0.35%), energy (+0.13%) and utilities (+0.03%) crept into the green.
While rising oil prices definitely played a role in energy's ascent in trade today, plenty of alternative energy options were also climbing.
As for the traditionalists, Karoon Energy (ASX:KAR) added 1.45%, Beach Energy (ASX:BPT) 1%, Santos (ASX:STO) 0.84% and Woodside (ASX:WDS) ticked up less than 0.1%.
Yellowcake stock Bannerman Energy (ASX:BMN) climbed 1.7%, while hydrogen compression and shipping company Provaris Energy (ASX:PV1) added 26% – more on that below – Noble Helium (ASX:NHE) gained 15%, and small cap Terra Uranium (ASX:T92) jumped 11%.
Elsewhere, ASX 200 Bank stocks also had a look in, adding 0.49% to handily outperform all other indices.
Commonwealth Bank (ASX:CBA) climbed 1%, Westpac (ASX:WBC) added 0.63%, Macquarie (ASX:MQG) 0.26% and QBE (ASX:QBE) 0.26%.
ASX SMALL CAP LEADERS
Today's best performing small cap stocks:
Security Name Last % Change Volume Market Cap
CT1 Constellation Tech 0.002 100% 1366007 $1,474,734
ICU Investor Centre Ltd 0.002 100% 73361 $304,511
X2M X2M Connect Limited 0.03 58% 1678809 $7,375,455
ENT Enterprise Metals 0.003 50% 833333 $2,362,635
GMN Gold Mountain Ltd 0.0015 50% 308261 $5,619,759
SHP South Harz Potash 0.003 50% 4798931 $2,205,457
TEG Triangle Energy Ltd 0.003 50% 25553472 $4,178,468
BEL Bentley Capital Ltd 0.011 38% 70000 $609,023
BDT Birddog 0.067 37% 4404926 $7,912,815
ASR Asra Minerals Ltd 0.002 33% 1000000 $5,987,547
VFX Visionflex Group Ltd 0.002 33% 339890 $5,051,791
SMS Starmineralslimited 0.025 32% 1592556 $3,530,326
ODE Odessa Minerals Ltd 0.007 27% 1123503 $8,797,429
PV1 Provaris Energy Ltd 0.019 27% 11501526 $10,470,019
RDN Raiden Resources Ltd 0.005 25% 7927649 $13,803,566
RLG Roolife Group Ltd 0.005 25% 200000 $6,371,125
SKK Stakk Limited 0.005 25% 464971 $8,300,319
TFL Tasfoods Ltd 0.005 25% 1485145 $1,748,382
AIQ Alternative Invest 1.83 21% 700 $47,809,499
MIO Macarthur Minerals 0.018 20% 37000 $2,994,983
DGR DGR Global Ltd 0.006 20% 213910 $5,218,480
GLL Galilee Energy Ltd 0.006 20% 92911 $3,535,964
CSX Cleanspace Holdings 0.46 19% 56928 $30,115,969
NSB Neuroscientific 0.094 19% 496729 $11,423,785
G88 Golden Mile Res Ltd 0.013 18% 274617 $5,986,726
Making news…
BirdDog (ASX:BDT), a software-enabled video solution company, has postponed a shareholder vote on the company's voluntary delisting from the ASX until July 22 and bumped the buy-back offer up by 40%.
BDT has now offered to buyback public shares at a 112% premium to its 15-day VWAP at $0.07 a share. The board reckons it's the best move for the company as its share price has been underperforming at low levels of liquidity, at a price point they don't believe reflects BDT's inherit value.
Provaris Energy (ASX:PV1) has given the proverbial shrug to a please explain price query from the ASX, indicating the company is unaware of why its share price is climbing.
Last week, PV1 inked a development agreement with global shipping company 'K' LINE to collaborate on Provaris' H2Neo Carriers and H2Leo Barges, which form part of its near-shore hydrogen compression and shipping offering.
X2M Connect (ASX:X2M) will deliver 100k IoT-connected personal safety devices to the City of Seoul under a $3m contract as part of the city's 2025 Smart City public safety initiative.
The smart personal safety devices, dubbed 'Help Me' link directly with the city's infrastructure, capable of alerting police and emergency contacts, sharing the user's real-time location and initiating rapid intervention when activated.
This first delivery will be made free of charge, with scope to scale up to 1 million devices over time as part of the government's broader public safety roadmap.
ASX SMALL CAP LAGGARDS
Today's worst performing small cap stocks:
Security Name Last % Change Volume Market Cap
ADD Adavale Resource Ltd 0.001 -50% 1600058 $4,574,558
EEL Enrg Elements Ltd 0.001 -50% 4800 $6,507,557
BCB Bowen Coal Limited 0.096 -47% 7552313 $19,396,360
GGE Grand Gulf Energy 0.002 -33% 2304895 $8,461,275
PKO Peako Limited 0.002 -33% 507500 $4,463,226
TMK TMK Energy Limited 0.002 -33% 1056109 $30,667,149
CZN Corazon Ltd 0.0015 -25% 368648 $2,369,145
FAU First Au Ltd 0.003 -25% 4999961 $8,287,973
LU7 Lithium Universe Ltd 0.006 -25% 4865736 $6,287,837
PRM Prominence Energy 0.003 -25% 2896755 $1,556,706
RNX Renegade Exploration 0.003 -25% 200000 $5,153,454
SFG Seafarms Group Ltd 0.0015 -25% 198541 $9,673,198
ZAG Zuleika Gold Ltd 0.014 -22% 2331314 $13,353,839
MAP Microbalifesciences 0.09 -22% 338928 $51,502,977
RPG Raptis Group Limited 0.035 -20% 1560453 $15,430,134
AAU Antilles Gold Ltd 0.004 -20% 11806409 $11,656,840
ALM Alma Metals Ltd 0.004 -20% 2250000 $7,931,727
ALR Altairminerals 0.002 -20% 300812 $10,741,860
AMS Atomos 0.004 -20% 1619145 $6,075,092
FIN FIN Resources Ltd 0.004 -20% 99999 $3,474,442
TYX Tyranna Res Ltd 0.004 -20% 488908 $16,442,127
VEN Vintage Energy 0.004 -20% 10000 $10,434,568
SNX Sierra Nevada Gold 0.021 -19% 966308 $4,281,137
INF Infinity Lithium 0.014 -18% 170785 $8,034,066
1AI Algorae Pharma 0.005 -17% 2085060 $10,124,368
IN CASE YOU MISSED IT
Optiscan Imaging (ASX:OIL) has signed an exclusive five-year collaboration with Long Grove Pharmaceuticals to develop new applications for AK-FLUOR, a contrast agent used with Optiscan's fluorescence-based endomicroscopic imaging devices.
DY6 Metals (ASX:DY6) continues to make progress at its recently acquired Douala Basin project in Cameroon on the trail of a major discovery.
West Wits Mining (ASX:WWI) has started key work streams for Qala Shallows in South Africa as it launches a fresh DFS to plug in record gold prices to the already attractive mine.
Infill drilling has confirmed and extended mineralisation at Mt Malcolm Mines' (ASX:M2M) Golden Crown prospect within its Malcolm project in WA's Eastern Goldfields after intersecting broad zones of gold.
Tryptamine Therapeutics (ASX:TYP) has received approval from Swinburne University Human Research Ethics Committee for trial of proprietary psilocin-based IV-infused formulation TRP-8803 into binge eating disorder (BED).
Drilling results from the remaining 63 aircore holes at Petratherm's (ASX:PTR) Rosewood heavy mineral prospect in Gawler Craton have expanded the mineralised zone, reinforcing consistency in grade and thickness.
Exploration activity at Cannindah Resources' (ASX:CAE) Mt Cannindah project has confirmed opportunities to extend high-grade zones within the current 14.5Mt resource.
With rising global tensions and the US pushing to develop domestic antimony production, Trigg Minerals (ASX:TMG) has moved to improve its strategic position by expanding its Antimony Canyon project in Utah.
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