ASX Small Cap Lunch Wrap: Who’s basking in the warm glow of $1 trillion today?
News
News
Prices for base metal prices – nickel, lead, zinc, tin, copper — mostly rose on Wednesday after US lawmakers approved that mammoth US$1 trillion infrastructure bill.
(Ever wondered what one trillion dollars looks like? Here you go.)
Both gold and iron ore – which have suffered heavy falls over the past few weeks – also mounted a comeback overnight.
The gold futures price rose by US$21.60 an ounce or 1.2% to U$1,753.30 an ounce, while iron ore rose by US$4.00 a tonne or 2.5% to US$166.20 a tonne “as investors weighed potential economic policies to help growth against a push to curb steel production”, CommSec says.
The gains for gold followed a fall in bond yields and some weakness in the US dollar, after data showed US core inflation rose less than expected in July — lending weight to the argument that inflationary forces may prove transitory.
Most sectors and stocks tied to economic growth had a good day on Wall Street, led by machinery manufacturer Caterpillar (+3.6%), construction materials supplier Vulcan Materials (+3.2%) and steelmaker Nucor (+3.9%).
On the ASX today we saw much the same. At the big end of town, the ASX 200 traded flat as small gains for energy stocks were offset by slight dips in resources and banking.
At the small end, the microcap Emerging Markets index followed yesterday’s 1.4% rally with another steady gain of around 0.5%.
Here are the best performing ASX small cap stocks in morning trade for Thursday, August 12:
Swipe or scroll to reveal the full table. Click headings to sort.
Code | Name | Price | % Change | Volume | Market Cap |
---|---|---|---|---|---|
AJX | Alexium Int Group | 0.097 | 34.7% | 16,355,484 | $46,094,202 |
PCL | Pancontinental Oil | 0.002 | 33.3% | 250,000 | $9,010,073 |
TSC | Twenty Seven Co. Ltd | 0.004 | 33.3% | 653,757 | $7,982,442 |
ADA | Adacel Technologies | 1.35 | 30.6% | 1,054,313 | $78,150,651 |
CHR | Charger Metals | 0.715 | 25.4% | 5,087,199 | $18,240,001 |
AFR | African Energy Res | 0.025 | 25.0% | 1,694,574 | $12,459,213 |
CCE | Carnegie Cln Energy | 0.0025 | 25.0% | 2,381,785 | $29,805,147 |
BYE | Byron Energy Ltd | 0.135 | 22.7% | 4,232,224 | $114,432,461 |
STM | Sunstone Metals Ltd | 0.027 | 22.7% | 39,735,639 | $48,619,728 |
DCX | Discovex Res Ltd | 0.006 | 20.0% | 341,666 | $12,843,320 |
GTE | Great Western Exp. | 0.215 | 19.4% | 158,490 | $24,515,661 |
ARE | Argonaut Resources | 0.0065 | 18.2% | 7,962,472 | $19,834,126 |
SYA | Sayona Mining Ltd | 0.14 | 16.7% | 49,915,570 | $670,469,619 |
ADV | Ardiden Ltd | 0.014 | 16.7% | 23,240,888 | $25,792,251 |
DDT | DataDot Technology | 0.007 | 16.7% | 74,990 | $7,451,217 |
PIL | Peppermint Inv Ltd | 0.014 | 16.7% | 600,072 | $20,336,550 |
BMM | Balkanminingandmin | 0.705 | 16.5% | 314,203 | $19,662,500 |
NWM | Norwest Minerals | 0.085 | 16.4% | 116,189 | $7,945,333 |
EUR | European Lithium Ltd | 0.089 | 15.6% | 29,726,294 | $71,913,042 |
CVS | Cervantes Corp Ltd | 0.008 | 14.0% | 62,500 | $10,878,087 |
GMN | Gold Mountain Ltd | 0.024 | 14.0% | 2,983,731 | $16,122,223 |
AAJ | Aruma Resources Ltd | 0.09 | 14.0% | 1,226,274 | $8,370,913 |
Among companies with news, gains were led by tech this morning as textile technology company Alexium (ASX:AJX) jumped by more than 30%.
The company flagged strong sales for its BioCool mattress technology, and expressed optimism it can gain further traction in the US market.
Also rising strongly was air traffic control software company Adacel Technologies (ASX:ADA), which tripled its profit before tax from $2.2 million to $7.7 million and more than doubled its cash at hand to $11.5 million.
In resources, Sunstone Metals Ltd (ASX:STM) led the pack after announcing it had intersected a copper mineralised porphyry system at its El Palmar project in Ecuador with its first drill hole, which is now ~350m deep.
Check Reuben Adams’ daily summary for all the key price action in small cap resources.
Here are the worst performing ASX small cap stocks in morning trade for Thursday, August 12:
Swipe or scroll to reveal the full table. Click headings to sort.
Code | Name | Price | % Change | Volume | Market Cap |
---|---|---|---|---|---|
ANL | Amani Gold Ltd | 0.001 | -33.3% | 7,150 | $18,580,495 |
NPM | Newpeak Metals | 0.0015 | -25.0% | 5,142,525 | $13,587,660 |
T3D | 333D Limited | 0.0015 | -25.0% | 2,250,000 | $4,186,133 |
XTC | Xantippe Res Ltd | 0.0015 | -25.0% | 250,000 | $8,149,129 |
XST | Xstate Resources | 0.004 | -20.0% | 539,509 | $16,075,908 |
DLC | Delecta Limited | 0.005 | -16.7% | 2,528,676 | $6,051,727 |
VPR | Volt Power Group | 0.0025 | -16.7% | 3,001,916 | $28,033,601 |
ACB | A-Cap Energy Ltd | 0.051 | -15.0% | 67,618 | $52,313,092 |
AXP | AXP Energy Ltd | 0.006 | -14.3% | 8,982,738 | $32,749,588 |
IKW | Ikwezi Mining Ltd | 0.46 | -11.5% | 80,522 | $21,137,986 |
AVW | Avira Resources Ltd | 0.004 | -11.1% | 250,000 | $6,187,680 |
DDD | 3D Resources Limited | 0.004 | -11.1% | 4,552,981 | $17,461,674 |
GMR | Golden Rim Resources | 0.008 | -11.1% | 123,612 | $24,033,147 |
PAK | Pacific American Hld | 0.016 | -11.1% | 265,552 | $5,734,528 |
KLR | Kaili Resources Ltd | 0.026 | -10.3% | 115 | $4,274,611 |
IPB | IPB Petroleum Ltd | 0.018 | -10.0% | 917,694 | $5,737,097 |
RIM | Rimfire Pacific | 0.009 | -10.0% | 1,242,080 | $18,062,447 |
ENV | Enova Mining Limited | 0.027 | -10.0% | 115,150 | $10,159,765 |
BNR | Bulletin Res Ltd | 0.048 | -9.9% | 22,034 | $9,547,428 |
ANP | Antisense Therapeutics | 0.1825 | -8.8% | 2,603,055 | $114,895,269 |
MOQ | MOQ Limited | 0.21 | -8.7% | 19,711 | $43,827,975 |
ONX | Orminexltd | 0.043 | -9.0% | 517,582 | $25,751,043 |