Pic: DKosig / iStock / Getty Images Plus via Getty Images
Lunchtime ASX small cap wrap: Who’s getting desperate today?
News
share
Oh dear. Desperate Housewives star Felicity Huffman is facing five years in prison after being arrested as part of a bribery scam in which celebrities, CEOs, lawyers and other high-net worth individuals paid huge sums of money to get their kids into the US’ most prestigious universities.
It’s a world away from the key ASX small cap winners at lunch Wednesday March 13, who would never think of doing such a thing.
The ASX Small Ords was up 1.6 points or 0.06 per cent to 2,768.3 at 12pm AEST.
GOING UP
Choccie maker Yowie (ASX:YOW) was one of the big gainers, up 27 per cent to 9c, but that was due to an investor lobbing a takeover deal for the company.
Keybridge Capital (ASX:KBC) has offered Yowie’s owners $20 million, seemingly having become fed up with waiting for the brand to become a renewed hit after it took a 20 per cent stake last year.
Strike Resources (ASX:SRK) rose 33 per cent to 6c this morning after it acquired a 90 per cent interest in the “highly prospective” Solaroz Lithium Brine Project, supposedly within South America’s ‘Lithium Triangle’ in north-west Argentina.
It is targeting a fast-track exploration program to test geological model for production of lithium carbonate from brine extracted from bore fields.
FYI Resources (ASX:FYI) has produced alumina of 99.999 per cent purity, which pushed shares up 27 per cent to 7c.
“Not only is it an incredible outcome to attain this level of purity, it also has a potentially profound impact on the overall project economics,” managing director Roland Hill commented.
- Subscribe to our daily newsletter
- Join our small cap Facebook group
- Follow us on Facebook or Twitter
Here are the best performing ASX small cap stocks at 12.30pm, Wednesday, March 13:
Swipe or scroll to reveal the full table. Click headings to sort
| ASX Code | Name | Last price | Percentage change | Market cap | Volume |
|---|---|---|---|---|---|
| AYR | Alloy Resources Ltd | 0.003 | 50% | $3,200,000 | 3.7M |
| AWV | Anova Metals Ltd | 0.015 | 36% | $8,300,000 | 25.3M |
| SRK | Strike Resources Ltd/Australia | 0.06 | 33% | $8,100,000 | 891.5k |
| FYI | FYI Resources Ltd | 0.07 | 27% | $13,800,000 | 564.5k |
| YOW | Yowie Group Ltd | 0.09 | 27% | $19,200,000 | 4.3M |
| ALT | Analytica Ltd | 0.005 | 25% | $16,700,000 | 120.0k |
| AUL | Austar Gold Ltd | 0.005 | 25% | $17,000,000 | 1.4M |
| ICG | Inca Minerals Ltd | 0.005 | 25% | $14,900,000 | 1.1M |
| KLH | Kalia Ltd | 0.005 | 25% | $12,600,000 | 700.0k |
| TMX | Terrain Minerals Ltd | 0.005 | 25% | $2,600,000 | 23.0k |
| UWL | Uniti Wireless Ltd | 0.21 | 20% | $21,100,000 | 250.9k |
| IVR | Investigator Resources Ltd | 0.013 | 18% | $9,600,000 | 2.3M |
| ICQ | iCar Asia Ltd | 0.17 | 18% | $57,700,000 | 767.5k |
| KMT | Kopore Metals Ltd | 0.014 | 17% | $7,600,000 | 960.0k |
| EM2 | Eagle Mountain Mining Ltd | 0.15 | 15% | $13,900,000 | 75.0k |
| DDT | DataDot Technology Ltd | 0.008 | 14% | $6,500,000 | 5.9M |
| KEY | Key Petroleum Ltd | 0.008 | 14% | $11,300,000 | 1.2M |
| YBR | Yellow Brick Road Holdings Ltd | 0.07 | 14% | $18,700,000 | 38.7k |
| ID8 | Identitii Ltd | 0.41 | 14% | $22,600,000 | 227.1k |
| AHK | ARK Mines Ltd | 0.017 | 13% | $869,000 | 50.0k |
GOING DOWN
Unfortunately, after last week’s excitement surrounding Alaskan oil driller 88 Energy’s (ASX:88E) Winx-1 well saw share prices in it and its co-owners bouncing to new highs, it has coming crashing down today.
Provisional results indicate there is not much oil in a section of the geology, the Nanushuk Topsets, which they’d suspected had the most potential; read the full account here.
88 Energy, the operator, dropped as much as 48 per cent to 1.3c.
Co-owner Red Emperor Resources (ASX:RMP) suffered the most with an 82 per cent plunge to 1.8c.
And Otto Energy (ASX:OEL), which told Stockhead last week Winx was a legacy asset and not core to their portfolio, was still punished by 17 per cent to touch a low of 5.4c.
Here are the worst performing ASX small cap stocks at 12.30pm, Wednesday, March 13:
Swipe or scroll to reveal the full table. Click headings to sort
| ASX Code | Name | Last price | Percentage change | Market cap | Volume |
|---|---|---|---|---|---|
| RMP | Red Emperor Resources NL | 0.022 | -78% | $12,100,000 | 123.2M |
| 88E | 88 Energy Ltd | 0.015 | -40% | $95,000,000 | 141.7M |
| GLN | Galan Lithium Ltd | 0.29 | -29% | $35,400,000 | 2.9M |
| PNN | PepinNini Lithium Ltd | 0.003 | -25% | $2,500,000 | 198.0k |
| AO1 | AssetOwl Ltd | 0.007 | -22% | $626,000 | 500 |
| REF | Reverse Corp Ltd | 0.02 | -20% | $1,900,000 | 557.5k |
| ROG | Red Sky Energy Ltd | 0.002 | -20% | $1,600,000 | 17.6k |
| WCN | White Cliff Minerals Ltd | 0.005 | -17% | $1,600,000 | 5.7M |
| FHS | Freehill Mining Ltd | 0.021 | -17% | $16,900,000 | 2.1M |
| IP1 | Integrated Payment Technologie | 0.03 | -17% | $3,900,000 | 178.4k |
| BNR | Bulletin Resources Ltd | 0.02 | -16% | $3,800,000 | 45.2k |
| SPT | Splitit Payments Ltd | 1.37 | -15% | $380,100,000 | 11.6M |
| ZIP | ZipTel Ltd | 0.011 | -15% | $1,600,000 | 900.0k |
| HOR | Horseshoe Metals Ltd | 0.011 | -15% | $2,100,000 | 90.0k |
| NAE | New Age Exploration Ltd | 0.006 | -14% | $5,300,000 | 611.4k |
| ETE | Entek Energy Ltd | 0.012 | -14% | $3,700,000 | 5.9M |
| AEE | Aura Energy Ltd | 0.012 | -14% | $13,400,000 | 1.4M |
| AAJ | Aruma Resources Ltd | 0.006 | -14% | $3,600,000 | 620.0k |
| IVX | Invion Ltd | 0.013 | -13% | $71,500,000 | 528.5k |
| CM8 | Crowd Media Holdings Ltd | 0.013 | -13% | $3,000,000 | 1.3M |
| LSA | Lachlan Star | 0.01 | -11% | $6,000,000 | 2.2M |
