Lunchtime small cap ASX wrap: who’s the big winner today
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Here are the key ASX small cap winners and losers at lunch Friday August 24.
The ASX Small Ords was down 16 points or 0.5 per cent at 2899 by 1pm AEST.
GOING UP
IPB Petroleum (ASX:IPB) has continued its upward journey as merger and acquisition activity heats up among oil plays off Western Australia’s shoulder, following Santo’s $3 billion bid for Quadrant on Thursday.
Nearby IPB closed up 67 per cent yesterday — attracting an ASX query along the way — and by lunch today was up another 45 per cent.
“I think we’re in a positive phase of the cycle now,” IPB boss Brendan Brown told Stockhead ths week.
“Ultimately the biggest litmus test is the oil price. You’ve also got very strong domestic gas prices and under-investment for almost five years, so it’s creating a bit of a perfect storm.”
The stock has more than doubled this week and was trading at 6.7c just before lunch:
High-tech anti-counterfeiter YPB (ASX:YPB) moved ahead 50 per cent to 1c after a major breakthrough.
YPB announced today it had perfected a smartphone app that can be used by anyone to identify fake goods.
The group called it “the most significant technical advance in its history”.
The “ProtectCode” app will allow an everyday smartphone to read and verify an invisible anti-counterfeit mark on a product.
Zinc explorer Superior Lake Resources (ASX:SUP) soared today after closing a $5 million placement oversubscribed and at a premium to its share price.
The stock rallied 27 per cent to an intra-day high of 4.2c on Friday morning.
Superior sold the shares at 3.5c — 6 per cent higher than its closing price on Thursday.
Sydney-based boutique fund manager Tribeca Investment Partners has come in as a cornerstone investor – stumping up $1.5 million in the placement.
Tribeca has also agreed to help Superior secure up to $US60 million ($82.8 million) in finance for the restart of its Superior Lake zinc project in Canada.
Here are the best performing ASX small cap stocks at 12.30pm AEST Friday, August 24:
Swipe or scroll to reveal the full table. Click headings to sort
ASX code | Company | Price change today (at 12.30pm) | Price (12.30pm) | Volume | Market Cap |
---|---|---|---|---|---|
IOT | IOT GROUP | 1 | 0.002 | 42k | 1.4M |
EUZ | EUROPA METALS | 1 | 0.002 | 200k | 5.6M |
YPB | YPB GROUP | 0.578947368421 | 0.03 | 62k | 12.6M |
WGL | WANGLE TECHNOLOG | 0.5 | 0.003 | 200k | 5.2M |
MOX | MONAX MINING | 0.5 | 0.003 | 270k | 1.8M |
MNB | MINBOS RESOURCES | 0.5 | 0.003 | 30M | 14.1M |
GGX | GAS2GRID | 0.5 | 0.003 | 200k | 2.8M |
IPB | IPB PETROLEUM LI | 0.408163265306 | 0.069 | 7M | 9.8M |
LNY | LANEWAY RESOURCE | 0.333333333333 | 0.004 | 921k | 10.6M |
SDV | SCIDEV | 0.285714285714 | 0.009 | 200k | 4.5M |
ESK | ETHERSTACK-CDI | 0.282051282051 | 0.25 | 6k | 21.8M |
VPC | VELPIC | 0.25 | 0.005 | 1M | 5.1M |
ICG | INCA MINERALS | 0.25 | 0.005 | 170k | 10.5M |
GPP | GREENPOWER ENERG | 0.25 | 0.005 | 316k | 5.8M |
CLZ | CLASSIC MINERALS | 0.25 | 0.005 | 500k | 10.9M |
SUP | SUPERIOR LAKE RE | 0.212121212121 | 0.04 | 3M | 23.8M |
GBP | GLOBAL PETROLEUM | 0.212121212121 | 0.04 | 75k | 6.7M |
SRO | SHAREROOT | 0.2 | 0.006 | 200k | 6.7M |
HDY | HARDEY RESOURCES | 0.2 | 0.006 | 27M | 6.8M |
ZMI | ZINC OF IRELAND | 0.166666666667 | 0.007 | 4M | 11.7M |
TSC | TWENTY SEVEN CO | 0.166666666667 | 0.007 | 910k | 5.4M |
SBR | SABRE RES | 0.166666666667 | 0.014 | 595k | 4.5M |
AZI | ALTA ZINC | 0.166666666667 | 0.007 | 300k | 8.2M |
POH | PHOSPHAGENICS | 0.157894736842 | 0.022 | 944k | 30.0M |
ANW | AUS TIN MINING L | 0.153846153846 | 0.015 | 932k | 25.7M |
VML | VITAL METALS | 0.142857142857 | 0.008 | 198 | 12.2M |
DTM | DART MINING NL | 0.142857142857 | 0.008 | 450k | 6.0M |
AOA | AUSMON RESOURCES | 0.142857142857 | 0.008 | 933k | 3.6M |
CAZ | CAZALY RESOURCES | 0.142857142857 | 0.04 | 312k | 8.1M |
GOING DOWN
Neither of today’s new ASX listings performed very well.
The ASX got its second space stock today with the listing of spy satellite operator Kleos Space at 11am AEST.
But Luxembourg-based Kleos (ASX:KSS) got off to a wobbly start, debuting at 16c — a 20 per cent discount to its 20c isue price.
The stock rose slightly to 16.5c by 11.40am AEST with about $540,000 worth of shares changing hands.
Kleos raised $11 million to build a miniature spy satellite network.
Meanwhile gold explorer Kingwest Resources (ASX:KWR) kicked off its first session at 12pm AEST slightly below its 20c issue price before slipping further to 18c.
Kingwest is exploring for gold and base metals over a 959 sq km landholding in the Eastern Goldfields region near Leonora in Western Australia.
The company was originally aiming to list on the ASX by July 19.
Here are the worst performing ASX small cap stocks at 12.30pm AEST Friday, August 24:
Swipe or scroll to reveal the full table. Click headings to sort
ASX code | Company | Price change today (at 12.30pm) | Price (12.30pm) | Volume | Market Cap |
---|---|---|---|---|---|
PPY | PAPYRUS AUSTRALI | -0.5 | 0.01 | 2M | 4.5M |
BDI | BLINA MINERALS N | -0.5 | 0.001 | 100k | 6.5M |
AJC | ACACIA COAL | -0.5 | 0.001 | 22k | 4.0M |
WEL | WINCHESTER ENERG | -0.260869565217 | 0.017 | 10k | 6.6M |
CGM | COUGAR METALS NL | -0.25 | 0.003 | 2M | 3.7M |
BLY | BOART LONGYEAR L | -0.2 | 0.008 | 45M | 262.9M |
XST | XSTATE RESOURCES | -0.166666666667 | 0.005 | 2M | 4.7M |
LRS | LATIN RESOURCES | -0.166666666667 | 0.005 | 333 | 16.7M |
AYR | ALLOY RESOURCES | -0.166666666667 | 0.005 | 80k | 8.7M |
AOU | AUROCH MINERALS | -0.166666666667 | 0.125 | 115k | 14.8M |
POS | POSEIDON NICKEL | -0.160714285714 | 0.047 | 6M | 62.4M |
CAF | CENTREPOINT ALLI | -0.152173913043 | 0.195 | 194k | 36.1M |
VIC | VICTORY MINES | -0.142857142857 | 0.006 | 371k | 8.6M |
STC | SINETECH | -0.142857142857 | 0.006 | 463 | 4.9M |
MRQ | MRG METALS | -0.142857142857 | 0.006 | 5M | 4.7M |
MED | MERLIN DIAMONDS | -0.142857142857 | 0.006 | 1M | 23.1M |
ALT | ANALYTICA | -0.142857142857 | 0.006 | 90k | 23.4M |
VAL | VALOR RESOURCES | -0.125 | 0.007 | 779k | 14.3M |
SCL | SCHROLE GROUP | -0.125 | 0.014 | 93k | 9.3M |
RMX | RED MOUNTAIN MIN | -0.125 | 0.007 | 244 | 5.4M |
DW8 | DAWINE | -0.125 | 0.007 | 610k | 4.7M |
CZL | CONSOLIDATED ZIN | -0.125 | 0.007 | 4k | 7.3M |
TRT | TODD RIVER RESOU | -0.12 | 0.11 | 94k | 9.6M |
ADY | ADMIRALTY RESOUR | -0.117647058824 | 0.015 | 307k | 19.6M |
SCT | SCOUT SECURITY L | -0.115384615385 | 0.23 | 7 | 28.2M |
TRL | TANGA RESOURCES | -0.111111111111 | 0.008 | 5k | 6.5M |
KEY | KEY PETROLEUM | -0.111111111111 | 0.008 | 700k | 12.1M |
ACL | ALCHEMIA | -0.111111111111 | 0.008 | 44 | 2.9M |
KNM | KNEOMEDIA | -0.107142857143 | 0.025 | 10k | 17.9M |