Lunchtime ASX small cap wrap: who’s throwing a tantrum after a bad game
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Here are the key ASX small cap winners at lunch Tuesday January 22:
The ASX Small Ords was up 12 points or 0.5 per cent to 2,576.0 at 12pm AEST.
GOING UP
Digital marketers engage:BDR (ASX:EN1) are rejoicing today, with shares up as much as 74 per cent to an intraday high of 3.3c.
The company popped out an announcement bang on midnight last night, saying two integrations it announced in September and October, connected TV company Third Presence and Canadian programmatic platform AcuityAds, have gone live.
It says those integrations are both generating revenue. The company halved its revenue guidance a couple of weeks ago.
MOD Resources (ASX:MOD) is also rejoicing thanks to a big share price bump, with shares up 68 per cent to an intraday high of 37c.
The company announced a $15 million capital raising and also addressed media speculation about about a takeover offer from Sandfire (ASX:SFR). You can read Stockhead’s coverage of that here.
Terrain Minerals (ASX:TMX) was up 33 per cent to 0.4c before lunch, thanks to an announcement about its drilling program at its Great Western Gold Project in Western Australia.
It has received program of works approval and intends to implement a 650m reverse circulation drilling program “as soon as is possible”.
And the good news keeps coming for Pursuit Minerals (ASX:PUR) with the company finding yet more vanadium magnetite concentrates.
“Results have been received for vanadium magnetite concentrates produced from nine holes drilled into the southwest magnetic zone on the Airijoki Project in northern Sweden,” it told investors. “The vanadium magnetite concentrates are very high grade and of exceptional thickness.”
Its shares were up 26 per cent to 5.8c.
Here are the best performing ASX small cap stocks at 12pm Tuesday January 22:
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ASX code | Company | % change | Last price | Volume | Market cap |
---|---|---|---|---|---|
MRD | Mount Ridley Mines | 100% | 0.2c | 2,979,312 | $2.1m |
EN1 | engage:BDR | 79% | 3.4c | 39,074,647 | $5.5m |
MOD | MOD Rescources | 55% | 34c | 1,612,989 | $54.7m |
CZN | Corazon Mining | 50% | 0.6c | 6,941,260 | $5.1m |
TMX | Terrain Minerals | 33% | 0.4c | 24,835 | $1.9m |
AUH | Austchina | 33% | 0.4c | 1,500,000 | $3.4m |
ICG | Inca Minerals | 33% | 0.4c | 1,630,000 | $6.9m |
POH | Phosphagenics | 25% | 0.5c | 111,158 | $6.3m |
CCE | Carnegie Clean Energy | 25% | 0.5c | 2,996,009 | $11.5m |
WBE | Whitebark Energy | 25% | 0.5c | 1,140,265 | $6.3m |
GOING DOWN
Change Financial (ASX:CCA) shares are down 16 per cent this morning to an intraday low of 4.7c. The company told investors yesterday that it had concluded a restructure of its troubled ChimpChange mobile banking business.
It reached an agreement with its US banking partner to waive losses it has incurred, and will hand over the rights to ChimpChange to Central Bank of Kansas City and focus on its enterprise solution, which it says “presents a significant and potentially highly lucrative opportunity”.
Here are the worst performing ASX small cap stocks at 12pm Tuesday January 22:
Swipe or scroll to reveal the full table. Click headings to sort
ASX code | Company | % change | Last price | Volume | Market cap |
---|---|---|---|---|---|
IBN | iBuyNew | -50% | 0.1c | 600,000 | $4.4m |
FAM | Family Insights | -50% | 0.1c | 5,909,635 | $4.2m |
AHL | Ahalife | -27% | 1.1c | 16,153 | $10.1m |
MLS | Metals Australia | -25% | 0.3c | 403,678 | $9.4m |
AD1 | Applydirect | -21% | 1.9c | 182,350 | $6.2m |
RAN | Range International | -17% | 2.4c | 1,475,213 | $5.8m |
TAU | Trustees Australia | -17% | 15c | 50,000 | $28.8m |
SF1 | Stemify | -17% | 0.5c | 132,328 | $3.4m |
CCA | Change Financial | -16% | 4.7c | 264,525 | $4.8m |
FGF | First Growth Fund | -14% | 0.6c | 7,573,509 | $10.6m |