ASX Lunch Wrap: S32 tumbles amid Mozambique unrest; Chemist Warehouse could be listed by February

Stockheads2024-12-11

ASX edges lower as profit-taking continues South32 drops amid unrest in Mozambique Chemist Warehouse to list on ASX after merger with Sigma The ASX edged lower by around 0.5% at lunch on Wednesday, ...

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Though the company says its workforce is safe, the unrest has caused uncertainty over its production targets.And in the healthcare space, Chemist Warehouse could list on the ASX by as early as February 2025 after a $28.9 billion merger with Sigma Healthcare (ASX:SIG), pending shareholder voting on certain resolutions.  SIG’s shares rose 0.35%.ASX SMALL CAP WINNERSHere are the best performing ASX small cap stocks for December 11 [intraday]:Code Name Price % Change Volume Market Cap NXD Nexted Group Limited 0.175 52% 1,329,647 $25,474,429 1TT Thrive Tribe Tech 0.002 50% 275,092 $703,362 GGE Grand Gulf Energy 0.003 50% 100,000 $4,900,774 AXL Axel Ree Limited 0.103 46% 14,051,381 $6,363,131 GCR Golden Cross 0.004 33% 2,484 $3,291,768 JAV Javelin Minerals Ltd 0.004 33% 480,224 $16,559,796 TYX Tyranna Res Ltd 0.004 33% 506,000 $9,863,776 YAR Yari Minerals Ltd 0.004 33% 2,621 $1,447,073 AAU Antilles Gold Ltd 0.005 25% 4,270,264 $7,431,504 NES Nelson Resources. 0.003 25% 872,900 $4,343,855 TFL Tasfoods Ltd 0.017 21% 104,746 $6,119,337 BPP Babylon Pump & Power 0.006 20% 850,000 $12,497,745 IBG Ironbark Zinc Ltd 0.003 20% 1,055,175 $4,584,120 JRV Jervois Global Ltd 0.012 20% 5,780,942 $27,027,638 TEM Tempest Minerals 0.006 20% 100,000 $3,136,349 DYM Dynamicmetalslimited 0.235 18% 27,499 $7,200,000 AVD Avada Group Limited 0.440 17% 37,976 $31,850,634 APC Aust Potash Ltd 0.021 17% 450,661 $1,831,601 ADN Andromeda Metals Ltd 0.007 17% 705,815 $20,572,366 GCM Green Critical Min 0.007 17% 940,001 $11,445,320 SLZ Sultan Resources Ltd 0.007 17% 33,000 $1,388,819 Wordpress Table PluginNextEd Group (ASX:NXD) has secured exclusive rights to re-enrol around 1,800 students from International House (IH) after IH entered administration. This includes both English language and vocational students across Sydney, Melbourne, Adelaide and the Gold Coast.NextEd will also acquire relevant course materials, but will not be acquiring IH’s business or employees. The move is expected to give NextEd an additional $6-7 million in revenue for the second half of FY25.Axel REE (ASX:AXL) has announced record high assay results from its Caladão Project in Brazil, including grades of 28,321ppm TREO and 7,606ppm MREO.The results, from a 2,600m drilling program, show strong near-surface mineralisation with impressive lateral continuity across a 30km² area, which represents just 10% of the total target area. The company believes these high grades highlight the scalability of the deposit.Dynamic Metals (ASX:DYM) has defined strong drill targets at the Cognac West gold prospect in WA, based on recent soil sampling and rock chip assays, including results of up to 2,040g/t gold.The company has refined high-grade zones with 755 infill soil samples, which will guide drilling in early 2025. Dynamic said it’s well-funded with $5.3 million in cash as of September 30.ASX SMALL CAP LOSERSHere are the worst performing ASX small cap stocks for December 11 [intraday]:Code Name Price % Change Volume Market Cap VML Vital Metals Limited 0.002 -33% 1,049,000 $17,685,201 BUY Bounty Oil & Gas NL 0.003 -25% 4,000,000 $5,994,004 EDE Eden Inv Ltd 0.002 -25% 100,000 $8,216,419 ENT Enterprise Metals 0.003 -25% 3,018 $4,713,269 OLH Oldfields Holdings 0.060 -20% 95,000 $15,904,435 FHS Freehill Mining Ltd. 0.004 -20% 236,357 $15,392,639 TSL Titanium Sands Ltd 0.004 -20% 356,043 $11,058,736 AOK Australian Oil. 0.003 -17% 610,000 $3,005,349 AUK Aumake Limited 0.005 -17% 5,000 $18,064,153 ODE Odessa Minerals Ltd 0.005 -17% 1,487,805 $9,597,195 INF Infinity Lithium 0.028 -15% 490,376 $15,265,539 ACR Acrux Limited 0.034 -15% 2,469,941 $11,628,674 AHK Ark Mines Limited 0.170 -15% 121,312 $11,089,283 CCO The Calmer Co Int 0.006 -14% 7,841,220 $15,465,705 CHM Chimeric Therapeutic 0.006 -14% 1,258,269 $10,851,049 PLC Premier1 Lithium Ltd 0.006 -14% 4,000,000 $1,405,321 ESR Estrella Res Ltd 0.020 -13% 5,275,592 $43,723,886 AX8 Accelerate Resources 0.007 -13% 500 $4,974,031 HLX Helix Resources 0.004 -13% 2,000,000 $13,056,775 M2R Miramar 0.004 -13% 388,118 $1,587,293 LOM Lucapa Diamond Ltd 0.021 -13% 1,756,824 $6,962,928 SBW Shekel Brainweigh 0.021 -13% 6,900 $5,473,470 GDM Greatdivideminingltd 0.220 -12% 151,743 $7,027,083 Wordpress Table PluginIN CASE YOU MISSED ITIsland Pharmaceuticals (ASX:ILA) has secured a key US patent for its lead drug candidate, ISLA-101, designed to reduce symptoms of dengue virus.“Method of viral inhibition” was granted by the United States Patent and Trademark Office, and covers the use of ISLA-101 to limit the severity of symptoms through its administration.It adds to a growing IP portfolio for Island, which includes Australia, Canada, Brazil and Singapore.ADX Energy (ASX:ADX) is monitoring well pressure, sampling, and analysing fluid data at the Welchau-1 discovery in Upper Austria to determine the next steps.Results are expected early in the new year and will guide decisions on further stimulation and testing operations.At Stockhead, we tell it like it is. While Island Pharmaceuticals and ADX Energy are Stockhead advertisers, they did not sponsor this article.This article does not constitute financial product advice. 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