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Lunchtime ASX small cap wrap: who’s hitting the back of the net today?
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Here are the key ASX small cap winners and losers at lunch Wednesday 16 January:
The ASX Small Ords was up 7.5 points or 0.3 per cent to 2,529.0 at 12pm AEST.
GOING UP
Riversgold (ASX:RGL) thought it was only looking for one deposit in the prolific Eastern Goldfields of Western Australia, but it seems it may have more — and the company is champing at the bit to see exactly how big it can go.
The news sent RGL shares up nine per cent to 7.2c on Wednesday morning.
Aircore drilling from the Farr-Jones project, 80 per cent owned by the company, returned “significant gold results from several holes”.
The share price of African gold explorer Golden Rim (ASX:GMR) is at its highest level since September last year, after fresh high-grade gold was unearthed right next to an existing 1.4moz ounce resource.
Golden Rim’s share price tore up 30 per cent to 2.3c on the announcement, which helps pare some of its losses over the past year.
Drilling at the flagship Kouri project in Burkina Faso hit high grade gold – including 4 metres at 44.7 grams per tonne 34 metres from surface – right next to the 1.4moz mineral resource.
Robot wall builder FBR (ASX:FBR), also known as Fastbrick, continues its rise on no news this week, up another 23 per cent to 10.2c this morning.
The company opened on Monday this week at 7.4c, and has hit as high as 10.5c, though it has no news out.
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TV2U (ASX:TV2) is up 14 per cent to 0.8c this morning.
The company had no news out today, but on Monday it announced that its iVAN-X platform had been chosen to deliver JEE TV, a new global direct-to-consumer Persian culture and entertainment service expected to launch in March 2019.
Here are the best performing ASX small cap stocks at 12pm Wednesday 16 January:
Swipe or scroll to reveal the full table. Click headings to sort
| ASX Code | Name | Intraday Price Change | Price 12pm (EST) | Volume | Market Cap |
|---|---|---|---|---|---|
| EGY | Energy Technologies | 0.5 | 0.3c | 2,049,018 | $700k |
| ICG | Inca Minerals | 0.33 | 0.4c | 122,505 | $8.9m |
| CCE | Carnegie Clean Energy | 0.33 | 0.4c | 650,000 | $8.6m |
| DMG | Dragon Mountain Gold | 0.31 | 1.7c | 29,659 | $3.4m |
| GMR | Golden Rim Resources | 0.29 | 2.2c | 16,138,055 | $7.8m |
| OXX | Octanex | 0.25 | 1c | 71,527 | $2.2m |
| FBR | FBR | 0.2 | 10c | 6,321,911 | $103.1m |
| MRQ | MRG Metals | 0.2 | 0.6c | 100,000 | $3.3m |
| RLC | Reedy Lagoon | 0.2 | 0.6c | 100,000 | $2m |
| EFE | Eastern Iron | 0.2 | 0.6c | 90,000 | $2.1m |
GOING DOWN
Healthy noodle maker Holista Colltech (ASX:HCT) is about to launch a range of low-GI Indian flatbreads like roti and chapati — and they could hit the shelves as early as April.
It reckons it will add “up to $4 million” to Holista’s financials, but investors were a little skeptical, dropping the shares 5pc.
Here are the worst performing ASX small cap stocks at 12pm Wednesday 16 January:
Swipe or scroll to reveal the full table. Click headings to sort
| ASX Code | Name | Intraday Price Change | Price 12pm (EST) | Volume | Market Cap |
|---|---|---|---|---|---|
| CIO | Connected IO | -0.33 | 0.2c | 50 | $5.4m |
| AGE | Alligator Energy | -0.25 | 0.3c | 2,142,857 | $4m |
| MLS | Metals Australia | -0.25 | 0.3c | 4,826,999 | $9.4m |
| BLY | Boart Longyear | -0.2 | 0.4c | 1,592,592 | $131.5m |
| ANL | Amani Gold | -0.2 | 0.4c | 3,000,000 | $8.6m |
| AUL | Austar Gold | -0.2 | 0.4c | 100,000 | $17m |
| TSC | Twenty Seven Co | -0.2 | 0.4c | 135,000 | $4.5m |
| BBX | BBX Minerals | -0.17 | 15c | 151,973 | $72.8m |
| PNN | Pepinnini Lithium | -0.17 | 0.5c | 775,000 | $4.3m |
| SYT | Syntonic | -0.14 | 0.6c | 640,000 | $20.9m |
