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ASX Small Cap Lunch Wrap: 2021 shaping up as another profitable year for investors
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The feeling that 2021 could be a boom year for a range of beaten down sectors – like tourism and retail — is gaining traction.
Commodities like oil, copper and iron ore, decent barometers of perceived economic activity, have been advancing strongly.
On Friday, iron ore hit near eight-year highs of $US145.30 a tonne.
Another gauge of the health of the economy is the so-called ‘luxury vehicle sales index’.
Commsec says home prices and luxury vehicle sales appear to rise and fall loosely at the same time.
In November, new vehicle sales were up 12.4 per cent on a year ago – the first annual gain for around two-and-a-half years — while home prices rose 0.8 per cent to be up 3.1 per cent for the year.
Will November be the month that the broader market turns the corner?
“The outlook is far from certain,” Craig James, chief economist at CommSec says.
“But Australia’s success in suppressing the virus and the upcoming vaccine rollout both give plenty of scope for optimism.”
The benchmark ASX 200 index is starting the new week with solid gains, up ~0.7 per cent to 6,680 point by midday Eastern Time.
WINNERS
Here are the best performing ASX small cap stocks at 12pm Monday December 7:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| PCL | Pancontinental Oil | 0.0015 | 50 | 950000 | $ 5,406,715.49 |
| CCE | Carnegie Cln Energy | 0.002 | 33 | 300300 | $ 16,994,678.67 |
| OGC | OceanaGold | 2.45 | 29 | 2368331 | $ 133,588,861.30 |
| CPH | Creso Pharma | 0.125 | 25 | 48526296 | $ 68,841,841.70 |
| LPD | Lepidico | 0.01 | 25 | 25192361 | $ 41,485,880.30 |
| VPR | Volt Power Group | 0.0025 | 25 | 1167000 | $ 18,339,067.12 |
| XTC | Xantippe Resources | 0.0025 | 25 | 1914000 | $ 8,149,128.80 |
| SI6 | SI6 Metals | 0.022 | 22 | 76765902 | $ 19,966,800.08 |
| LOT | Lotus Resources | 0.11 | 21 | 3487923 | $ 71,541,977.34 |
| PSL | Paterson Resources | 0.003 | 20 | 1367500 | $ 11,263,832.65 |
| PUR | Pursuit Minerals | 0.024 | 20 | 16044899 | $ 14,711,472.46 |
| PWN | Parkway Minerals | 0.012 | 20 | 33281548 | $ 19,007,539.83 |
| VAL | Valor Resources | 0.006 | 20 | 10564477 | $ 9,604,240.43 |
| WBE | Whitebark Energy | 0.003 | 20 | 267000 | $ 10,157,813.88 |
| HXL | Hexima | 0.19 | 19 | 296271 | $ 19,259,585.44 |
| PDZ | Prairie Mining | 0.2 | 18 | 1600 | $ 38,820,365.13 |
| PF1 | Pathfinder Resources | 0.235 | 18 | 746241 | $ 9,944,838.00 |
| BMN | Bannerman Resources | 0.054 | 17 | 5729291 | $ 49,443,194.85 |
| OIL | Optiscan Imaging | 0.14 | 17 | 1510646 | $ 71,607,636.00 |
| ADX | ADX Energy | 0.007 | 17 | 385714 | $ 10,352,299.07 |
| AGE | Alligator Energy | 0.007 | 17 | 33154274 | $ 12,739,804.91 |
Control Bionics (ASX:CBL) has begun life on the ASX on a solid note, more than doubling its IPO price.
Control Bionics raised $15 million at 60 cents per share at its IPO. Shares quickly rose to $1.21 at market open – a gain of over 100 per cent.
The company’s technology solutions help people with disabilities which hinder verbal communication, such as cerebral palsy and motor-neurone disease.
On Friday, a Senate Committee in the US – the world’s nuclear powerhouse — approved a bill advancing the creation of a US national strategic uranium reserve.
Which is good news for our cabal of ASX-listed companies.
A number of explorers shot higher in morning trade, including Lotus Resources (ASX:LOT), Bannerman Resources (ASX:BMN), and Alligator Energy (ASX:AGE).
LOSERS
Here are the worst performing ASX small cap stocks at 12pm Monday December 7:
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| ECT | Env Clean Tech | 0.001 | -33 | 410000 | $ 14,401,549.18 |
| S2R | S2 Resources | 0.17 | -32 | 2593518 | $ 78,722,794.75 |
| ANL | Amani Gold | 0.0015 | -25 | 5500001 | $ 18,773,993.49 |
| CLZ | Classic Minerals | 0.0015 | -25 | 45473977 | $ 30,536,536.61 |
| MRD | Mount Ridley Mines | 0.0025 | -17 | 20754965 | $ 9,255,639.13 |
| VIC | Victory Mines | 0.0025 | -17 | 3974006 | $ 13,248,964.47 |
| 8IH | 8I Holdings | 0.16 | -16 | 56863 | $ 68,734,227.29 |
| KOR | Korab Resources | 0.012 | -14 | 406950 | $ 4,654,901.73 |
| LSH | Lifespot Health | 0.077 | -13 | 309133 | $ 11,994,840.88 |
| ARO | Astro Resources | 0.004 | -11 | 588088 | $ 13,480,618.55 |
| DDD | 3D Resources | 0.0045 | -10 | 1358653 | $ 18,076,860.46 |
| AZI | Alta Zinc | 0.005 | -9 | 450000 | $ 19,858,845.47 |
| GMN | Gold Mountain | 0.04 | -9 | 625979 | $ 32,057,146.62 |
| BMG | BMG Resources | 0.1 | -9 | 388103 | $ 26,399,082.38 |
| AMT | Allegra Orthopaedics | 0.365 | -9 | 309310 | $ 41,783,681.20 |
| CY5 | Cygnus Gold | 0.165 | -8 | 5000 | $ 19,452,617.64 |
| MRZ | Mont Royal Resources | 0.275 | -8 | 20000 | $ 9,907,329.00 |
| CUL | Cullen Resources | 0.022 | -8 | 241008 | $ 7,198,023.77 |
| MRG | Murray River Group | 0.011 | -8 | 467583 | $ 26,468,888.52 |
| MRR | Minrex Resources | 0.022 | -8 | 507193 | $ 11,307,289.32 |
