Kalkine : Gold and Energy Stocks Boost ASX 200 Morning Session

June 13, 2025 04:41 PM AEST | By Team Kalkine Media

Kalkine : Gold and Energy Stocks Boost ASX 200 Morning Session — Image source: shutterstock

Surefire Resources (ASX:SRN) Gains in Early Trade

Surefire Resources operates in the mining and exploration space with a focus on gold and critical minerals projects. The company exploration assets in Western Australia, with a strategy oriented toward the development of vanadium and gold resources. (ASX:SRN) reflected early momentum during the morning session, aligning with the overall uptick in gold-related equities across the All Ordinaries.

Enterprise Metals (ASX:ENT) Moves with Sector

Enterprise Metals focuses on exploration across multiple commodities, including gold, base metals, and uranium. Listed on the All Ordinaries, (ASX:ENT) gained visibility during morning trade. The company a range of exploration tenements across Western Australia. The movement in (ASX:ENT) mirrored broader interest in gold stocks linked to rising bullion prices.

Atlantic Lithium (ASX:A11) Rises with Resource Sentiment

Atlantic Lithium operates within the battery minerals segment and was among the notable early gainers on the ASX 200. The company focuses on lithium exploration and development projects, primarily in West Africa. (ASX:A11)’s activity during the session aligned with sector-wide momentum in resource-linked equities, especially those related to energy transition minerals.

Energy Sector Supports Broader Index Movement

The energy sector recorded gains during early trade despite an overnight decline in international oil benchmarks. Companies involved in upstream operations and domestic exploration contributed to the sector’s resilience. The performance of this segment helped steady the ASX 200, as several other industries reflected downward movement. The sector’s strength was evident in both large-cap and mid-tier energy names.

Mixed Performance Across Broader Market

While resources and energy sectors maintained momentum, several other segments of the ASX 200 experienced mixed performance. Defensive sectors such as healthcare and consumer staples showed muted activity. Technology-related stocks traded with limited price shifts, and industrials remained flat in early trading. Seven out of eleven sectors showed declines by mid-morning, with resources and energy providing the key support.

Activity in Small and Micro-Cap Stocks

Mighty Kingdom (ASX:MKL), engaged in the interactive gaming industry, recorded active early trade. Also rising was Simble Solutions (ASX:SIS), a company involved in energy management technology and software solutions. Both stocks are listed on the All Ordinaries and drew attention for their early movement, despite operating outside the resource or energy sectors.

Orcoda Limited (ASX:ODA) Sees Morning Decline

Orcoda Limited, listed on the ASX 300, was among the early decliners. The company is active in logistics, transport, and infrastructure management. (ASX:ODA) released an internal leadership update, with the managing director temporarily assuming financial responsibilities following a board-level resignation. This change in executive roles coincided with a downward move in the company's share activity during the morning session.

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