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ASX Small Cap Lunch Wrap: Who’s had an unexpected house guest today?

Pic: Robert Loe (Moment) via Getty Images.

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A Florida couple had an unexpected visitor yesterday, when an alligator broke into their garage and helped itself to some Diet Coke stockpiled for a party.

“There was Diet Coke spewing everywhere, because the gator was interested, tore open the box, had a few cans,” Karyn Dobson told WSVN News.

“Probably thought it was beer, maybe. I don’t know.”

The Dobsons called a local wrangler known as “Ray the Trapper” who safely relocated the alligator.

Ray not calling his business Gator-Aid is a missed opportunity tbh.

 

To Markets …

The ASX 200 is up 46.90 points or 0.63% at midday today to 7,350.70.

European stocks closed lower yesterday after the European Commission President Ursula von der Leyen proposed a phased oil embargo of Russian oil imports by year-end.

Global oil prices rose by about 5% and the Brent crude price rose by US$5.17 or 4.9% to US$110.14 a barrel.

In the US, stocks rallied, scoring their biggest one-day gain since 2020, after Federal Reserve Chairman Jerome Powell put to rest investors’ fears that the central bank might be considering bigger interest-rate increases in the coming months.

Powell said the Fed wasn’t “actively considering” raising interest rates by 0.75 percentage point at a future meeting. Federal-funds futures, which traders use to track interest-rate expectations, had previously shown the market pricing in a 95% chance of the Fed making such a move in June.

Stocks soared after Powell’s remarks, with the Dow Jones Industrial Average finishing up 2.8%, marking its biggest one-day gain since November 2020. The S&P 500 jumped 3% for its best day since May 2020, while the Nasdaq Composite added 3.2%.

“There’s a sense of relief,” said Christopher Smart, chief global strategist and head of the Barings Investment Institute.

“There’s a feeling they’re heading into the right direction,” he said. The central bank, he said, has shown it is taking inflation seriously, but not giving the impression that it will surprise investors with the size of subsequent rate increases.
 

ASX SMALL CAP WINNERS 

Here are the best performing ASX small cap stocks for May 5 [intraday]:

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

 

Code Company Price % Market Cap
ROG Red Sky Energy. 0.0085 70% $26,511,135.99
TMX Terrain Minerals 0.013 44% $6,621,849.08
MOH Moho Resources 0.048 30% $4,814,761.68
BTC BTC Health Ltd 0.056 27% $12,401,239.58
VPR Volt Power Group 0.0025 25% $18,689,067.12
PKO Peako Limited 0.021 24% $5,243,719.72
PRM Prominence Energy 0.011 22% $21,821,479.37
SLB Stelarmetalslimited 0.22 22% $6,750,000.18
AQZ Alliance Aviation 4.23 21% $564,178,786.47
OVT Ovato Limited 0.15 20% $15,201,731.88
GGE Grand Gulf Energy 0.038 19% $49,491,541.28
ALY Alchemy Resource Ltd 0.027 17% $21,920,703.31
AX8 Accelerate Resources 0.042 17% $9,484,520.36
VRC Volt Resources Ltd 0.021 17% $56,747,047.99
CZR CZR Resources Ltd 0.014 17% $41,835,879.32
OEX Oilex Ltd 0.0035 17% $21,503,372.11
SPX Spenda Limited 0.014 17% $35,215,875.85
XST Xstate Resources 0.0035 17% $9,645,544.95
BEX Bikeexchange Ltd 0.052 16% $7,668,509.76
IHL Incannex Healthcare 0.385 15% $405,476,631.01
DCX Discovex Res Ltd 0.008 14% $17,980,648.53
DDD 3D Resources Limited 0.004 14% $14,631,302.32
TSC Twenty Seven Co. Ltd 0.004 14% $9,312,848.67
OVN Oventus Medical Ltd 0.025 14% $5,317,983.77
MTC Metalstech Ltd 0.34 13% $49,999,377.00
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Red Sky Energy (ASX:ROG) has announced a 1,228% increase in best estimate on Petroleum Initially In Place (PIIP) at the ‘Killanoola’ oil project in South Australia up to 93mmbbls.

“This is a significant increase from the previously best estimated 7mmbbls PIIP,” MD Andrew Knox said.

“We are working towards a market for the crude and steps to bring a rig in and perforate the additional zones of interest.”

The company says this will be followed by production testing and potentially long-term production.

And Terrain Minerals (ASX:TMX) has picked up three tenements prospective for rare earths in WA, covering 320km2 of highly prospective exploration in the emerging southern Esperance clay hosted REE province.

 

ASX SMALL CAP LOSERS

 

Code Company Price % Market Cap
ANL Amani Gold Ltd 0.0015 -25% $46,586,882.25
JAV Javelin Minerals Ltd 0.0015 -25% $17,346,505.54
MGTRE Magnetite Mines 0.003 -25% $2,527,797.50
VOL Victory Offices Ltd 0.105 -25% $22,098,722.24
VTG Vita Group Ltd 0.3 -19% $61,602,041.24
BWX BWX Limited 1.5125 -19% $300,995,897.23
EPX Ept Global Limited 0.09 -18% $19,379,099.30
JHG Janus Henderson 36.94 -15% $981,320,136.16
NUC Nuchev Limited 0.3 -14% $18,110,539.30
MEG Megado 0.125 -14% $6,242,075.71
SCT Scout Security Ltd 0.039 -13% $6,902,759.25
ROC Rocketboots 0.115 -12% $4,127,500.00
AM7 Arcadia Minerals 0.235 -11% $9,273,012.50
9SP 9 Spokes Int Limited 0.004 -11% $6,720,017.55
CCG Comms Group Ltd 0.088 -11% $35,770,733.76
MRQ Mrg Metals Limited 0.008 -11% $15,723,527.65
ZMM Zimi Ltd 0.008 -11% $8,819,274.85
OXT Orexploretechnologie 0.089 -11% $10,366,419.60
1AG Alterra Limited 0.017 -11% $5,277,749.21
VTI Vision Tech Inc 0.43 -10% $11,534,668.80
ARV Artemis Resources 0.044 -10% $68,028,218.22
KNI Kunikolimited 0.925 -10% $42,716,225.92
RIM Rimfire Pacific 0.009 -10% $18,062,447.35
RLC Reedy Lagoon Corp. 0.029 -9% $17,547,431.36
EME Energy Metals Ltd 0.2 -9% $46,130,328.64
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