As the saying goes; if you can’t take the heat, then get out of the kitchen planet earth entirely, according to a new report on climate change.
Analysts at the Intergovernmental Panel on Climate Change (IPCC) say the world is now on track to warm by 1.5C by early next decade — a fair bit quicker than previously thought.
United Nations Secretary-General Antonio Guterres called the report a “code-red for humanity” and said global nations still need to work together to prevent climate projections from reaching worst-case scenarios.
Despite renewed forecasts of a possible climate catastrophe, the ASX200 has almost fallen…asleep.
After finishing dead flat yesterday for first time since 2016, local stocks are practically unmoved again in the Tuesday session.
The microcap Emerging Companies Index outperformed to rise by around 0.5%, with few intraday catalysts emerging in Asian trade.
US stock futures are pointing slightly lower and gold is holding at just above US$1,730 an ounce.
WINNERS
Here are the best performing ASX small cap stocks in morning trade for Tuesday, August 10:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| ARR | American Rare Earths | 0.135 | 17.4% | 6,103,660 | $ 39,595,457 |
| HCD | Hydrocarbon Dynamic | 0.015 | 15.4% | 50,000 | $ 5,723,771 |
| A3D | Aurora Labs Limited | 0.115 | 15.0% | 790,656 | $ 15,289,647 |
| EMV | Emvision Medical | 3.02 | 14.8% | 200,096 | $ 189,512,006 |
| SOR | Strategic Elements | 0.315 | 14.5% | 4,594,976 | $ 106,804,470 |
| CVS | Cervantes Corp Ltd | 0.008 | 14.3% | 35,000 | $ 10,878,087 |
| TOU | Tlou Energy Ltd | 0.064 | 14.3% | 207,068 | $ 33,611,146 |
| LCL | Los Cerros Limited | 0.16 | 14.3% | 4,097,579 | $ 85,711,722 |
| CCG | Comms Group Ltd | 0.075 | 13.6% | 1,850,071 | $ 22,461,761 |
| GL1 | Globallith | 0.375 | 13.6% | 2,105,130 | $ 29,362,046 |
| HRL | Hrlholding | 0.13 | 13.0% | 1,087,219 | $ 56,853,850 |
| BRK | Brookside Energy Ltd | 0.035 | 12.9% | 24,595,268 | $ 92,784,388 |
| IKW | Ikwezi Mining Ltd | 0.4 | 12.7% | 35,241 | $ 14,430,741 |
| DUG | DUG Tech | 1.17 | 12.5% | 25,388 | $ 103,452,486 |
| ARO | Astro Resources NL | 0.0045 | 12.5% | 472,010 | $ 15,056,772 |
| GEN | Genmin | 0.23 | 12.2% | 328,884 | $ 57,817,759 |
| NVX | Novonix Limited | 3.38 | 11.9% | 7,436,688 | $ 1,221,896,180 |
| KGD | Kula Gold Limited | 0.058 | 11.5% | 2,550,580 | $ 11,189,133 |
| LIN | Lindian Resources | 0.029 | 11.5% | 3,729,935 | $ 19,446,330 |
| SYA | Sayona Mining Ltd | 0.1225 | 11.0% | 48,991,102 | $ 614,597,151 |
| NWE | Norwest Energy NL | 0.01 | 11.0% | 835,000 | $ 46,049,534 |
| OEL | Otto Energy Limited | 0.01 | 11.0% | 5,261,068 | $ 43,155,088 |
Among stocks with news, medical company Emvision (ASX:EMV) led the way with an early gain of around 15%.
The company said its 1st Gen portable brain scanner has now been completed and ready for testing. Stockhead’s Eddy Sunarto has more here.
Also rising strongly was cloud software company Comms Group (ASX:CCG), which had some M&A news. The company announced the acquisition SME-focused telco provider Switched On Australia for $4.3m in up-front and deferred cash payments.
CCG said it expects Switched On to contribute ~$3m in revenues and ~$1m in EBITDA to group earnings. The company also flagged FY21 EBITDA of around $3m, which was in line with previous guidance.
Analytical software company DUG Tech (ASX:DUG) also gained, after announcing a deal with marine geophysical services company PXGEO.
The deal is for “the provision of software onboard their marine seismic vessel PXGEO 2”, DUG said. It flagged expected revenues of US$900,000 (~$1.2m) over the three-year term of the deal.
LOSERS
Here are the best performing ASX small cap stocks in morning trade for Tuesday, August 10:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| CLZ | Classic Min Ltd | 0.0015 | -2.5% | 23,406,478 | $ 44,738,209 |
| MLS | Metals Australia | 0.0015 | -2.5% | 1,250,000 | $ 8,454,376 |
| NPM | Newpeak Metals | 0.0015 | -2.5% | 90,000 | $ 13,587,660 |
| WOO | Wooboard Tech Ltd | 0.0015 | -2.5% | 5,861,986 | $ 7,644,325 |
| GGX | Gas2Grid Limited | 0.002 | -2.0% | 166,673 | $ 10,115,255 |
| AAP | Australian Agri Ltd | 0.027 | -1.8% | 7,904 | $ 10,066,374 |
| MCM | Mc Mining Ltd | 0.125 | -1.7% | 152,975 | $ 23,162,933 |
| ADV | Ardiden Ltd | 0.012 | -1.4% | 12,587,352 | $ 30,090,959 |
| CHR | Charger Metals | 0.43 | -1.2% | 2,502,517 | $ 15,680,000 |
| BAT | Battery Minerals Ltd | 0.015 | -1.2% | 4,557,610 | $ 35,748,068 |
| MBK | Metal Bank Ltd | 0.008 | -1.1% | 140,000 | $ 10,701,615 |
| MRD | Mount Ridley Mines | 0.004 | -1.1% | 4,398,853 | $ 22,568,056 |
| NCR | Nucoal Resources Ltd | 0.008 | -1.1% | 10,617 | $ 6,917,511 |
| VAL | Valor Resources Ltd | 0.008 | -1.1% | 27,139 | $ 26,539,483 |
| ZMM | Zimi Ltd | 0.016 | -1.1% | 4,898,939 | $ 10,857,340 |
| DDD | 3D Resources Limited | 0.0045 | -1.0% | 2,986,057 | $ 19,401,860 |
| TPD | Talon Energy Ltd | 0.009 | -1.0% | 3,283,460 | $ 60,167,895 |
| KNO | Knosys Limited | 0.14 | -1.0% | 158,350 | $ 26,390,943 |
| RVS | Revasum | 0.42 | -1.0% | 114,750 | $ 49,116,025 |
| AFR | African Energy Res | 0.02 | -0.9% | 444,610 | $ 13,705,134 |
| MCT | Metalicity Limited | 0.01 | -0.9% | 621,157 | $ 23,581,487 |