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ASX Small Cap Lunch Wrap: Who’s catching Covid for cash today?
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The US has so far clocked up almost eight million cases of COVID-19, with more than 215,000 deaths.
Despite the heavy toll, reports indicate students at the Idaho campus of Brigham Young University may have spotted a market opportunity.
Accounts have emerged of students looking to contract COVID-19 on purpose, generate the relevant antibodies in their plasma and then sell the plasma for cash.
US health authorities say plasma from fully-recovered patients may have benefits as a treatment for those suffering more severe symptoms.
A spokesperson for the school said they were “deeply troubled” by the allegations.
To local markets, and ASX investors were also profiting in morning trade as all the major indexes made steady gains.
Both the ASX200 (large caps) and the ASX Emerging Markets Index (microcaps) were up almost one per cent.
The gains followed a speech from RBA governor Philip Lowe this morning, which left most analysts to conclude that the central bank will go ahead and cut benchmark interest rates to 0.1 per cent next month.
WINNERS
Here are the best performing ASX small cap stocks at 12pm Thursday, October 15:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | NAME | PRICE | % CHANGE | MARKET CAP |
|---|---|---|---|---|
| TIG | Tigers Realm Coal | 0.031 | 343 | $ 53,302,178.64 |
| UUV | UUV Aquabotix Ltd | 0.002 | 100 | $ 1,792,244.61 |
| PM1 | Pure Minerals Ltd | 0.046 | 53 | $ 22,043,942.25 |
| ALT | Analytica Limited | 0.003 | 50 | $ 7,039,224.66 |
| ANW | Aus Tin Mining | 0.0015 | 50 | $ 3,440,885.18 |
| APG | Austpac Resources NL | 0.003 | 50 | $ 5,668,004.33 |
| PCL | Pancontinental Oil | 0.0015 | 50 | $ 5,406,715.49 |
| MLM | Metallica Minerals | 0.025 | 32 | $ 6,153,938.33 |
| DOU | Douugh Limited | 0.21 | 31 | $ 48,775,736.96 |
| NVO | Nvoi Ltd | 0.013 | 30 | $ 17,977,264.60 |
| MNB | Minbos Resources Ltd | 0.0025 | 25 | $ 13,005,122.64 |
| BNO | Bionomics Limited | 0.14 | 22 | $ 80,876,507.59 |
| ARR | American Rare Earths | 0.12 | 20 | $ 29,091,959.20 |
| OVT | Ovato Limited | 0.012 | 20 | $ 7,320,043.17 |
| SHH | Shree Minerals Ltd | 0.012 | 20 | $ 8,092,368.92 |
| SPQ | Superior Resources | 0.012 | 20 | $ 11,580,299.06 |
| SHO | Sportshero Ltd | 0.025 | 19 | $ 7,060,327.34 |
| VRS | Veris Ltd | 0.045 | 18 | $ 15,399,548.87 |
| ADO | Anteotech Ltd | 0.13 | 18 | $ 185,677,096.66 |
Morning gains were led today by Tigers Realm Coal (ASX:TIG), which operates coal assets on the coast of the Bering Sea in Russia.
After announcing it had procured a coal handling and preparation plant from a UK-based company, TIG shares surged by as much as 300 per cent.
The £5.5m ($10m) transaction will allow TIG to advance its project development and bring its product mix up to 80 per cent metallurgical and 20 per cent thermal coal, the company said.
Also rising strongly was Pure Minerals (ASX:PM1), which signed a memorandum of understanding for an off-take agreement with South Korean chemicals giant LG Chem.
As part of the MoU, the two sides have agreed to “negotiate in good faith” for LG Chem to purchase up to 10,000 tonnes of nickel and around 1,000 tonnes of cobalt from PM1’s TECH Project in North Queensland.
LOSERS
Here are the worst performing ASX small cap stocks at 12pm Thursday, October 15:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | NAME | PRICE | % CHANGE | MARKET CAP |
|---|---|---|---|---|
| IMS | Impelus Ltd | 0.005 | -17 | $4,820,076.52 |
| GLH | Global Health Ltd | 0.0035 | -16 | $ 16,839,328.00 |
| WEC | White Energy Company | 0.11 | -15 | $ 100,682,233.47 |
| ACW | Actinogen Medical | 0.024 | -14 | $ 31,254,476.96 |
| NWE | Norwest Energy NL | 0.0035 | -13 | $ 18,937,868.30 |
| TSC | Twenty Seven Co. Ltd | 0.007 | -13 | $ 13,663,208.73 |
| OIL | Optiscan Imaging | 0.105 | -13 | $ 71,607,636.00 |
| RDG | Res Dev Group Ltd | 0.062 | -11 | $ 177,108,138.76 |
| CXX | Cradle Resources Ltd | 0.05 | -11 | $ 10,622,179.85 |
| RVS | Revasum | 0.18 | -10 | $ 6,601,940.20 |
| WKT | Walkabout Resources | 0.195 | -9 | $ 75,063,733.68 |
| POW | Protean Energy Ltd | 0.01 | -9 | $ 3,497,662.43 |
| BKY | Berkeley Energia Ltd | 0.635 | -9 | $ 179,730,766.90 |
| AVL | Aust Vanadium Ltd | 0.011 | -8 | $ 35,081,588.27 |
| EVE | EVE Investments Ltd | 0.011 | -8 | $ 45,965,902.68 |
| MEB | Medibio Limited | 0.011 | -8 | $ 16,171,950.83 |
| DRX | Diatreme Resources | 0.012 | -8 | $ 24,120,867.50 |
| CAY | Canyon Resources Ltd | 0.12 | -8 | $ 77,892,128.47 |
| M8S | M8 Sustainable | 0.06 | -8 | $ 11,407,508.13 |
