Lunchtime ASX small cap wrap: who’s getting hosed
Experts
Experts
Here are the key ASX small cap winners and losers at lunch Wednesday Aug 8:
The ASX Small Ords was down 4 points or 0.1 per cent to 2819.2 at 12.45pm AEST.
GOING UP
Oil explorer Carnarvon Petroleum (ASX:CVN) rocketed 43 per cent today to trade as high as 69.5c — quadrupling its value since July.
Carnarvon has its foot on what looks to be a commercially viable discovery in its part-owned Dorado well off the north-west coast of WA.
More than $30 million worth of shares changed hands by midday.
“Discovering more oil in the Crespin and Milne Members makes this a truly incredible find, for Dorado and for similar structures nearby that have been identified in Carnarvon and [joint venture partner] Quadrant’s prospect list,” said Carnarvon boss Adrian Cook.
Medtech play G Medical (ASX:GMV) took off after announcing plans to list its Chinese business in Hong Kong.
The shares price rose 48 per cent to an intraday high of 27.5c today before cooling to 25c just after midday. About $760,000 worth of stock was traded.
G Medical makes a medical phone case called Prizma that turns a smartphone into a clinical-grade mobile medical monitor to measure vital signs such as ECG, respiration, oxygen saturation, heart rate, temperature and stress analysis.
The company is proposing to list its Guangzhou Yimei Innovative Medical Science and Technology Co at a valuation of $260 million, within nine months.
It will retain 50 per cent of the company’s stock.
West Australian battery metal explorer Venture Minerals (ASX:VMS) moved ahead 30 per cent this morning after finding finding a 17m zone of massive sulfides in maiden drilling at its base metals Thor project in Western Australia.
It’s verified copper and zinc in the sulfides as well as lead, bismuth, tin, tungsten and arsenic.
Lab tests of samples are underway along with planning for an airborne electromagnetic survey.
The stock hit an intraday high of 3c before cooling to 2.8c at 12.20pm AEST.
Here are the best performing ASX small cap stocks at 12.30pm Wednesday, Aug 8:
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ASX code | Company | Today's price change (12.30pm) | Price (12.30pm) | Volume | Market Cap |
---|---|---|---|---|---|
BDI | BLINA MINERALS | 1 | 0.002 | 17M | 4.3M |
PCH | PROPERTY CONNECT | 0.5 | 0.003 | 3M | 2.4M |
LKO | LAKES OIL | 0.5 | 0.003 | 323k | 71.9M |
AHN | ATHENA RESOURCES | 0.409090909091 | 0.031 | 161k | 4.8M |
GMV | G MEDICAL | 0.378378378378 | 0.255 | 2M | 62.9M |
WGL | WANGLE TECH | 0.333333333333 | 0.004 | 550k | 6.2M |
HDY | HARDEY RESOURCES | 0.25 | 0.005 | 2M | 5.4M |
VMS | VENTURE MINERALS | 0.217391304348 | 0.028 | 1M | 11.9M |
LI3 | LITHIUM CONSOLID | 0.217391304348 | 0.14 | 56k | 10.4M |
NOR | NORWOOD SYSTEMS | 0.2 | 0.006 | 80k | 6.6M |
HCO | HYLEA METALS | 0.2 | 0.006 | 500k | 14.0M |
ADO | ANTEO DIAGNOSTIC | 0.1875 | 0.019 | 2M | 18.4M |
FRX | FLEXIROAM | 0.170731707317 | 0.048 | 70k | 7.9M |
TSN | TRANSACTION SOLU | 0.166666666667 | 0.007 | 50k | 13.0M |
CHK | COHIBA MINERALS | 0.166666666667 | 0.007 | 2M | 3.9M |
ECT | ENVIRONMENTAL | 0.153846153846 | 0.015 | 1M | 62.4M |
KLH | KALIA | 0.142857142857 | 0.008 | 198k | 17.6M |
TTW | TOPTUNG | 0.142857142857 | 0.048 | 190k | 6.4M |
KSN | KINGSTON | 0.130434782609 | 0.026 | 238k | 28.1M |
VML | VITAL METALS | 0.125 | 0.009 | 572k | 13.9M |
RMX | RED MOUNTAIN | 0.125 | 0.009 | 300k | 5.4M |
EXO | ENNOX GROUP | 0.125 | 0.009 | 60k | 10.2M |
EVE | EVE INVESTMENTS | 0.125 | 0.009 | 5M | 17.9M |
CTM | CENTAURUS METALS | 0.125 | 0.009 | 4M | 18.4M |
CLI | CROPLOGIC | 0.125 | 0.036 | 50k | 3.9M |
SFG | SEAFARMS GROUP | 0.119565217391 | 0.103 | 186k | 153.4M |
MAY | MELBANA ENERGY | 0.117647058824 | 0.019 | 11M | 28.4M |
VAL | VALOR RESOURCES | 0.111111111111 | 0.01 | 2M | 13.3M |
LMG | LATROBE MAGNESIU | 0.111111111111 | 0.01 | 54k | 11.3M |
GOING DOWN
Biological separator Memphasys (ASX:MEM) was down 93 per cent today after shareholders approved a 15-for-1 stock consolidation.
Here are the worst performing ASX small cap stocks at 12.30pm Wednesday, Aug 8:
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ASX code | Company | Today's price change (12.30pm) | Price (12.30pm) | Volume | Market Cap |
---|---|---|---|---|---|
MEM | MEMPHASYS | -0.933333333333 | 0.001 | 397k | 5.1M |
WCN | WHITE CLIFF MINE | -0.5 | 0.001 | 270k | 7.7M |
XPE | XPED | -0.25 | 0.003 | 4M | 5.3M |
SPX | SPECTRUM RARE EARTHS | -0.25 | 0.006 | 100k | 5.7M |
TPD | TALON PETROLEUM | -0.2 | 0.004 | 3M | 5.1M |
SYS | SYNGAS | -0.2 | 0.004 | 100k | 3.1M |
SUR | SUN RESOURCES | -0.2 | 0.004 | 126k | 3.8M |
BYH | BRYAH RESOURCES | -0.2 | 0.1 | 32k | 7.0M |
RGI | ROTO-GRO | -0.171428571429 | 0.29 | 34k | 33.4M |
XST | XSTATE RESOURCES | -0.166666666667 | 0.005 | 4M | 4.7M |
SDL | SUNDANCE RESOURC | -0.166666666667 | 0.005 | 9M | 49.9M |
PKO | PEAKO | -0.166666666667 | 0.01 | 87k | 864.2k |
GSN | GREAT SOUTHERN | -0.166666666667 | 0.05 | 31k | 16.7M |
OVL | ORO VERDE | -0.142857142857 | 0.006 | 2M | 10.9M |
MNC | METMINCO | -0.142857142857 | 0.006 | 1M | 6.4M |
DEV | DEVEX RESOURCES | -0.142857142857 | 0.006 | 69k | 7.7M |
BKP | BARAKA ENERGY | -0.142857142857 | 0.006 | 156k | 18.9M |
GO2 | GO2 PEOPLE | -0.136363636364 | 0.095 | 10k | 13.0M |
BEE | BROO | -0.133333333333 | 0.13 | 10k | 91.2M |
TSC | TWENTY SEVEN | -0.125 | 0.007 | 60k | 4.7M |
PMY | PACIFICO MINERAL | -0.125 | 0.007 | 100k | 7.1M |
E2E | EON NRG | -0.125 | 0.007 | 800k | 3.3M |
HOR | HORSESHOES METAL | -0.117647058824 | 0.015 | 387k | 3.3M |
MAG | MAGMATIC RESOURC | -0.111111111111 | 0.048 | 22k | 6.7M |
THX | THUNDELARRA | -0.111111111111 | 0.016 | 500k | 11.4M |
CZN | CORAZON MINING | -0.111111111111 | 0.008 | 277k | 11.4M |
AU1 | AGENCY GROUP | -0.111111111111 | 0.008 | 100k | 6.2M |
FEI | FE INVESTMENTS | -0.105263157895 | 0.085 | 10k | 14.2M |
MSE | METALSEARCH | -0.105263157895 | 0.017 | 140k | 9.1M |