ASX Small Cap Lunch Wrap: Who’s driving toward disaster today?
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News
Hydrogen-electric truck ‘start-up’ Nikola is starting to look like ‘WeWork 2.0’ as chairman Trevor Milton steps down amidst fraud allegations and a collapsing share price.
Enigmatic cofounder Adam Neumann also stepped down as chief exec, taking a $US1.2bn payout with him out the door.
Nikola managed to backdoor-list on the NASDAQ in June as one of Wall Street’s hottest stocks.
Even after cratering 70 per cent from its peak the stock is still worth about $US10.5 billion.
And it still hasn’t produced a single truck that works.
In 2016, a prototype ‘Nikola One’ truck was filmed rolling down a hill to make it seem like it was fully functional. It wasn’t.
Here are the best performing ASX small cap stocks at 12pm Tuesday, September 22:
Swipe or scroll to reveal the full table. Click headings to sort.
CODE | NAME | % CHANGE | PRICE | MARKET CAP |
---|---|---|---|---|
PCL | Pancontinental Oil | 50 | 0.002 | $ 5,406,715.49 |
VPR | Volt Power Group | 50 | 0.003 | $ 18,339,067.12 |
BIQ | Buildingiq | 33 | 0.012 | $ 3,363,056.54 |
ICE | Icetana | 30 | 0.183 | $ 14,377,037.50 |
ANL | Amani Gold | 25 | 0.003 | $ 15,676,393.49 |
MRZ | Mont Royal Resources | 22 | 0.310 | $ 8,421,229.65 |
WMX | Wiluna Mining | 21 | 2.290 | $ 190,893,129.20 |
FGO | Flamingo Ai | 20 | 0.003 | $ 2,800,319.26 |
TMK | Tamaska Oil Gas | 17 | 0.007 | $ 5,340,000.00 |
CHN | Chalice Gold Mines | 16 | 2.030 | $ 538,132,822.50 |
SXA | Strata-X Energy | 15 | 0.069 | $ 5,592,643.86 |
ICI | Icandy Interactive | 15 | 0.062 | $ 23,232,174.19 |
EPM | Eclipse Metals | 14 | 0.008 | $ 9,902,364.72 |
AL8 | Alderan Resources | 14 | 0.125 | $ 28,799,500.51 |
PPY | Papyrus Australia | 13 | 0.017 | $ 4,535,159.99 |
RHY | Rhythm Biosciences | 13 | 0.180 | $ 32,239,329.76 |
ERD | Eroad Limited | 11 | 3.970 | $ 245,202,815.80 |
AUH | Austchina Holdings | 10 | 0.055 | $ 8,170,621.81 |
LRS | Latin Resources | 10 | 0.022 | $ 18,110,127.70 |
PNX | PNX Metals | 10 | 0.011 | $ 25,426,214.76 |
ANP | Antisense Therapeutics | 10 | 0.110 | $ 48,898,817.10 |
Mont Royal Resources (ASX:MRZ) will earn up to 70 per cent of the Wapatik gold-copper project in Canada from TSX-listed Azimut Exploration, which hit 3.15 g/t gold over 102m at the nearby ‘Patwon’ discovery in January.
Chalice Gold Mines (ASX:CHN), Alderan Resources (ASX:AL8), and gold producer Wiluna Mining (ASX:WMX) all gained on exploration results.
And shares in iCandy Interactive (ASX:ICI) jumped after the company announced strong trial results on Google Play for its new Masketeers game.
Here are the worst performing ASX small cap stocks at 12pm Tuesday September 22:
Swipe or scroll to reveal the full table. Click headings to sort.
CODE | NAME | % CHANGE | PRICE | MARKET CAP |
---|---|---|---|---|
CAQ | CAQ Holdings | -24 | 0.025 | $ 23,686,947.27 |
SAN | Sagalio Energy | -23 | 0.024 | $ 6,344,464.03 |
COY | Coppermoly | -20 | 0.02 | $ 53,180,349.73 |
DTR | Dateline Resources | -17 | 0.0025 | $ 24,630,234.23 |
IMS | Impelus | -17 | 0.005 | $ 4,820,076.52 |
MLS | Metals Australia | -17 | 0.0025 | $ 10,945,058.33 |
ROG | Red Sky Energy | -17 | 0.0025 | $ 6,108,549.83 |
NXE | New Energy Minerals | -15 | 0.017 | $ 3,689,432.42 |
WML | Woomera Mining | -14 | 0.025 | $ 9,863,691.00 |
MRQ | MRG Metals | -13 | 0.007 | $ 10,799,613.11 |
VIC | Victory Mines | -13 | 0.0035 | $ 17,125,285.96 |
AUL | Austar Gold | -12 | 0.39 | $ 19,132,221.42 |
TSC | Twenty Seven Co. | -12 | 0.0075 | $ 13,483,727.46 |
PM8 | Pensana Rare Earths | -11 | 1.01 | $ 159,741,692.88 |
PKO | Peako Limited | -11 | 0.039 | $ 6,944,927.84 |
SFM | Santa Fe Minerals | -11 | 0.08 | $ 6,553,691.01 |
GTG | Genetic Technologies | -11 | 0.008 | $ 74,355,540.69 |
LNY | Laneway Resources | -11 | 0.008 | $ 33,975,593.40 |
RMX | Red Mountain Mining | -11 | 0.008 | $ 9,117,330.98 |
TKM | Trek Metals | -11 | 0.065 | $ 15,331,486.13 |