Data issues interrupted trading in ASX shares Monday causing frustration for traders. Image: Getty
ASX Small Cap Lunch Wrap: Who’s having ‘data issues’ today?
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Share traders all over Australia had a different reason to get worked up about the ASX market this morning.
The ASX share market went into pause mode on account of some technical issues which its backroom team was working to fix.
“The ASX equity market is currently paused and there is no trading while we investigate market data issues,” said an ASX spokesman.
The ASX apologies for the disruption and was working to rectify the issue as quickly as possible, he added.
It was unfortunate timing, as the ASX share market was going great guns Monday morning.
The broad All Ordinaries share index was up sharply in early trade before the ASX glitches struck.
The All Ords index rose 1.18 per cent to 6,687 points, and is up substantially from its mid-March low of 4,564 points.
WINNERS
Here are the best performing ASX small cap stocks at 12pm Monday November 16:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Market Cap |
|---|---|---|---|---|
| SKN | Skin Elements Ltd | 0.062 | 55 | $ 13,030,705.28 |
| GLH | Global Health Ltd | 0.6 | 50 | $ 16,839,328.00 |
| ROG | Red Sky Energy. | 0.003 | 50 | $ 4,092,366.55 |
| NTM | NTM Gold Ltd | 0.125 | 42 | $ 60,179,610.57 |
| MEB | Medibio Limited | 0.014 | 27 | $ 14,824,288.26 |
| ATH | Alterity Therap Ltd | 0.033 | 27 | $ 35,262,631.01 |
| PPY | Papyrus Australia | 0.072 | 26 | $ 17,864,882.94 |
| MSE | Metalsearch Ltd | 0.021 | 24 | $ 23,443,870.13 |
| GLA | Gladiator Resources | 0.003 | 20 | $ 5,819,585.43 |
| YPB | YPB Group Ltd | 0.003 | 20 | $ 10,570,897.45 |
| KZA | Kazia Therapeutics | 1.19 | 20 | $ 124,904,601.36 |
| PWN | Parkway Minls NL | 0.0095 | 19 | $ 15,206,031.86 |
| BXN | Bioxyne Ltd | 0.016 | 19 | $ 8,641,962.87 |
| EMN | Euromanganese | 0.415 | 17 | $ 54,323,075.90 |
| VIC | Victory Mines Ltd | 0.0035 | 17 | $ 13,248,964.47 |
| 4DS | 4Ds Memory Limited | 0.115 | 16 | $ 129,758,655.11 |
| AV1 | Adveritas Ltd | 0.145 | 16 | $ 44,162,884.50 |
| GMR | Golden Rim Resources | 0.015 | 15 | $ 23,287,444.32 |
| SYA | Sayona Mining Ltd | 0.008 | 14 | $ 20,785,740.01 |
| ADD | Adavale Resource Ltd | 0.044 | 13 | $ 8,353,577.90 |
NTM Gold boosted by Dacian Gold takeover approach
Among Monday morning’s winners is gold company NTM Gold (ASX:NTM), a target for a takeover launched by Dacian Gold.
NTM Gold’s shares jumped 42 per cent to 12 cents per share, and increasing its market value to $85m from $60m on Friday.
“A first move in the much discussed Leonora consolidation landscape,” said analysts at stockbrokers Argonaut.
Other gold miners with assets in the Leonora gold region include Kin Mining (ASX:KIN) with a market value of $140m, and Saturn Metals (ASX:STN) with its Apollo Hill asset and a market cap of $81m.
Health software company Global Health sees contract win
Global Health (ASX:GLH) was pulled 50 per cent higher to 60c per share on winning a contract with the government of WA.
The Australian healthcare software provider has gained a 10-year contract with the WA government’s Mental Health Commission.
The contract to implement Global Health’s MasterCare Electronic Medical Record system is worth $850,000 in the first year.
The system goes live inside the WA MHC on July 1, and starts with a five-year term, followed by options for a five-year extension.
Papyrus gains cornerstone investors, strengthens balance sheet
Papyrus Australia (ASX:PPY) was another Monday morning gainer, with its shares up 26 per cent to 7.2c.
The fibre processing tech company said Monday it had strengthened its balance sheet and board of directors with the inclusion of cornerstone investor, L39 Capital.
“The days of us worrying about funding and liquidity are over. This is a rebirth of Papyrus where we can focus on the business and the growth strategy for the next 12 months,” said chairman, Ted Byrt.
Papyrus holds intellectual property over processing technology for banana tree trunk waste to turn it into fibre products.
LOSERS
Here are the worst performing ASX small cap stocks at 12pm Monday November 16:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| BAS | Bass Oil Ltd | 0.001 | -50 | 20000 | $6,684,280.19 |
| XTC | Xantippe Res Ltd | 0.002 | -33 | 5270000 | $12,223,693.21 |
| CCE | Carnegie Cln Energy | 0.0015 | -25 | 3050000 | $22,282,904.90 |
| CLZ | Classic Min Ltd | 0.0015 | -25 | 12889023 | $26,678,279.47 |
| PSL | Paterson Resources | 0.003 | -25 | 750000 | $18,022,132.24 |
| CFO | Cfoam Limited | 0.02 | -23 | 935833 | $4,996,524.68 |
| SGQ | St George Min Ltd | 0.13 | -21 | 3822461 | $83,084,657.04 |
| AMD | Arrow Minerals | 0.005 | -17 | 14285 | $8,007,828.06 |
| BNR | Bulletin Res Ltd | 0.072 | -14 | 260666 | $15,060,618.22 |
| DCX | Discovex Res Ltd | 0.006 | -14 | 2233330 | $8,373,148.53 |
| 14D | 1414 Degrees Limited | 0.16 | -14 | 595425 | $36,997,309.73 |
| HAV | Havilah Resources | 0.185 | -12 | 575036 | $56,898,592.80 |
| MGU | Magnum Mining & Exp | 0.04 | -11 | 53018 | $14,456,946.60 |
| CLT | Cellnet Group | 0.064 | -10 | 2753547 | $16,443,731.78 |
| AMI | Aurelia Metals Ltd | 0.445 | -9 | 4490499 | $441,361,817.49 |
| AGE | Alligator Energy | 0.005 | -9 | 1928074 | $11,678,154.50 |
| TKL | Traka Resources | 0.02 | -9 | 453810 | $11,142,231.50 |
| MSG | Mcs Services Limited | 0.03 | -9 | 250000 | $6,147,060.38 |
| FIJ | Fiji Kava Limited | 0.16 | -9 | 76093 | $18,945,656.10 |
Bass Oil down 50 per cent in early trade
Bass Oil (ASX:BAS) was the main loser in early Monday trade, down 50 per cent without any fresh news hitting the market.
Persistent low oil prices are a major headache for the industry, as the COVID-19 pandemic has crushed oil demand.
The ASX-listed Indonesian oil producer has a 55 per cent operator interest in the Tangai-Sukananti licence in South Sumatra basin.
Production for the company was 642 barrels per day in the September quarter, down 9 per cent from its June quarter production.
The oil price was an average of $US36.71 per barrel in the September quarter, up 47 per cent from the June quarter.
Xantippe Resources slips on Korean asset transfer
Another backwards-moving stock Monday was Xantippe Resources (ASX:XTC), which dipped 33 per cent in early trade.
The ASX market did not respond well to the company’s announced sale of a 77.5 per cent interest in its Korean graphite project.
Xantippe will retain a 22.5 per cent free carried interest in Korean Resources, the holder of the graphite and base metal projects in South Korea.
The 77.5 per cent interest in Korean Resources is transferred to MGM O’Connor Corporate Advisory, a Perth-based advisory firm.
Xantippe Resources director Young Yu is a director and shareholder of MGM O’Connor which focuses on creating business opportunities for Australian and Korean firms.
“Managing these projects from Australia has been difficult particularly with regard to international travel restrictions in recent months,” Xantippe Resources managing director, Richard Henning, said.
