ASX Small Cap Lunch Wrap: Who’s driving toward disaster today?

Sometimes we all need a little push. Picture: Getty Images
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.
WINNERS
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.
LOSERS
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 |
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