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ASX Small Cap Lunch Wrap: Who’s living the pug life today?
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If you often waver on the daily decision of getting out of bed (or not), there’s a new internet guide — in the form of an NYC-based rescue pug called Noodles.
Its internet savvy owner, Jonathan Graziano, has taken the waking his pug up most days on TikTok. And Noodles’ response determines what type of day it will be.
If he can stand by himself, it’s time to get up and get after it (a ‘bones’ day). If he can’t (a ‘no-bones’ day) — that’s a cue to focus on rest and soul-searching.
There were plenty of ASX companies doing some soul-searching this morning, as the deadline for Q3 reporting season presented its usual round of thrills and spills.
On broader markets, the ASX 200 is down for the second straight day, while the microcap Emerging Companies index is trading flat.
For the second straight day, the RBA refrained from wading into the bond market, as attention centres around the outlook for its yield curve control (YCC) program on three-year government bonds.
Yesterday, its decision not to step in was taken by the market as a cue that YCC is coming to an end, as the yield on 3-year government bonds instantly spiked higher.
ASX SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for Friday October 29 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
Stocks highlighted in yellow made market-sensitive announcements
| Code | Name | Price | % Change | Volume |
|---|---|---|---|---|
| XTC | Xantippe Res Ltd | 0.006 | 50.0% | 31,431,993 |
| AEV | Avenira Limited | 0.027 | 42.1% | 55,081,028 |
| HT1 | HT&E Limited | 1.95 | 32.5% | 1,280,426 |
| TTA | TTA Holdings Ltd | 0.06 | 25.0% | 1,249,652 |
| VIC | Victory Mines Ltd | 0.0025 | 25.0% | 2,829,223 |
| YPB | YPB Group Ltd | 0.0025 | 25.0% | 3,349,133 |
| FHS | Freehill Mining Ltd. | 0.03 | 20.0% | 473,136 |
| ACB | A-Cap Energy Ltd | 0.13 | 18.2% | 1,577,882 |
| RAN | Range International | 0.0135 | 17.4% | 27,461,438 |
| RCL | Readcloud | 0.27 | 17.4% | 96,102 |
| RMY | RMA Global | 0.22 | 15.8% | 269,020 |
| WMG | Western Mines | 0.23 | 15.0% | 125,751 |
| MTH | Mithril Resources | 0.016 | 14.3% | 925,000 |
| CXM | Centrex Metals | 0.105 | 14.1% | 1,478,412 |
| 9SP | 9 Spokes Int Limited | 0.0135 | 12.5% | 7,441,961 |
| BAR | Barra Resources | 0.027 | 12.5% | 604,633 |
| DDD | 3D Resources Limited | 0.0045 | 12.5% | 345,135 |
| LCT | Living Cell Tech. | 0.009 | 12.5% | 109,398 |
| HVY | Heavymineralslimited | 0.23 | 12.2% | 526,200 |
| SKF | Skyfii Ltd | 0.095 | 11.8% | 85,300 |
| CMD | Cassius Mining Ltd | 0.019 | 11.8% | 1,752,669 |
| IBG | Ironbark Zinc Ltd | 0.049 | 11.4% | 1,762,537 |
| CDT | Castle Minerals | 0.02 | 11.0% | 5,152,791 |
Amid a deluge of quarterly reports, today’s leader (among stocks with announcements) HT&E Ltd (ASX:HT1) had some separate news.
The media company announced that it’s reached a binding heads of agreement “to settle the taxation dispute with the Australian Taxation Office (ATO) for the sum of $71 million”.
The agreement concludes a long-running battle where HT1 sparred with the ATO over the tax affairs of one of its New Zealand subsidiaries, where the total amount in questions was $195m (including tax adjustments and penalties).
Having paid a $50m deposit, HT1 said it would pay the final $20.3m of the settlement figure from its existing cash reserves.
Within the quarterlies sphere, $6.5m minnow TTA Holdings (ASX:TTA) was the morning leader with a gain of 25%.
The retail play, which is the distributor of TEAC products in the Australian market, booked positive operating cash flows of $190,000 on cash receipts of $891,000.
In early September, the stock made news after it allegedly was the target of an online “pump & dump” group looking to artificially inflate the share price.
Get the full quarterlies wrap here and the full resources wrap here.
ASX SMALL CAP LOSERS
Here are the best performing ASX small cap stocks for Friday October 29 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
Stocks highlighted in yellow made market-sensitive announcements
| Code | Name | Price | % Change | Volume |
|---|---|---|---|---|
| MMM | Marley Spoon | 1.07 | -29.1% | 4,698,859 |
| MLS | Metals Australia | 0.0015 | -25.0% | 325,129 |
| NPM | Newpeak Metals | 0.0015 | -25.0% | 2,806,828 |
| TPS | Threat Protect Ltd | 0.004 | -20.0% | 177,595 |
| ANL | Amani Gold Ltd | 0.0025 | -16.7% | 36,916,077 |
| CCE | Carnegie Cln Energy | 0.0025 | -16.7% | 2,289,382 |
| BID | Bill Identity Ltd | 0.28 | -16.4% | 686,362 |
| AEI | Aeris Environmental | 0.12 | -14.3% | 779,596 |
| VUL | Vulcan Energy | 13.01 | -13.2% | 4,526,139 |
| BTR | Brightstar Resources | 0.049 | -12.5% | 959,539 |
| PNM | Pacific Nickel Mines | 0.11 | -12.0% | 584,733 |
| AWJ | Auric Mining | 0.12 | -11.1% | 249,289 |
| CGB | Cann Global Limited | 0.004 | -11.1% | 18,584,488 |
| ATP | Atlas Pearls Ltd | 0.025 | -10.7% | 552,708 |
| CZL | Cons Zinc Ltd | 0.042 | -10.6% | 4,967,575 |
| ECS | ECS Botanics Holding | 0.035 | -10.3% | 19,123,590 |
| SKY | SKY Metals Ltd | 0.088 | -10.2% | 242,298 |
| CLE | Cyclone Metals | 0.0045 | -10.0% | 3,360,000 |
| ROO | Roots Sustainable | 0.009 | -10.0% | 72,837 |
| EMU | EMU NL | 0.027 | -10.0% | 619,351 |
| OEC | Orbital Corp Limited | 0.6 | -10.0% | 13,679 |
| AKP | Audio Pixels Ltd | 24 | -9.0% | 9,594 |
On the other side of the quarterlies ledger, a number of stocks got sold off by investors after presenting their Q3 report card.
Leading the laggards was Marley Spoon (ASX:MMM), which got hammered by more than 30% after releasing its results last night.
The meal delivery platform booked net operating cash outflows of €7.728 (~$11.9m), on cash receipts of around €80m.
MMM also downgraded its forecasts for full-year revenue growth to 26-28% (down from 30-35%).
