ASX Small Cap Lunch Wrap: Who’s finding beer in unexpected places today?

When storm drains overflow the result is often muddy water and some kind of council clean up, but the Waipio district on the main island of Hawaii recently ended up with…beer?

Locals reported the busted storm drain after water started gushing out of it — even though it hadn’t been raining.

In addition, the drain smelt more like a local pub.

Analysis of the spill showed the water contained traces of alcohol and sugar.

And the local Department of Transportation — owner of the pipe infrastructure — eventually ascertained that the spill came from Paradise Beverages, which owns a warehouse across the street.

The company is now working with local authorities to locate the possible source of the leak.

On markets, there were no ‘polluted water’ vibes this morning with the ASX on track to post a strong finish to the week.

After treading water for a few days, the ASX 200 rallied by 1% into midday trade. Resources was the big winner, as all of the major miners shot higher by between 3-4%.

Energy stocks also rebounded, with more moderate gains for the big banks.

In other markets, the Aussie dollar has come under downside pressure this week and is currently trading below US73c.

Bitcoin has steadied just below US$65,000 after slipping backwards in Thursday trade.
 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for November 12 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Among stocks with news in morning trade, The Sustainable Nutrition Group (ASX:TSN) got a boost after announcing a deal with Australian Plant Proteins (APP) to develop hemp concentrate and isolates.

“APP is a premium plant-based powder processing, packaging and distribution business, with state-of-the-art facilities in Werribee and Horsham, Victoria, which has recently undergone a $50m investment from a leading global agri-food company,” TSN said.

TSN will make an investment at the start of next year to develop the products at APP’s facilities, with a commercial rollout flagged for late 2022.

Black Dragon Gold Corp (ASX:BDG) edged higher on some regulatory news, after announcing that it continues to work with authorities in the Spanish Principality of Asturias after submitting its Environmental Impact Assessment (EIA) in July.

BDG said the public comment period for the EIA has ended, and authorities are expected to enquire about further technical details on the project before commencing their review — a process which should take between 4-8 months, the company said.

In health, BARD1 Life Sciences (ASX:BD1) jumped sharply after announcing that US Patent No: 11137402 titled “Lung Cancer Diagnosis” was issued by the United States Patent and Trademark Office.

The patent “protects a BARD1 autoantibody test for diagnosis of lung cancer in the key US market”, the company said.
 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for November 12 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Among stocks in the red, Greenland Minerals (ASX:GGG) plummeted after regulators in Greenland said ‘no dice’ when it comes to mining mineral resources with a uranium content of 100 parts per million or more.

As Stockhead’s Bevis Yeo highlighted this morning, that puts GGG’s Kvanefjeld project and its 0.036% (360ppm) uranium oxide content squarely in the crosshairs.