Fact of the Day: In addition to running one of the most powerful investment banks in the world, Goldman Sachs chief exec David Solomon is a surprisingly successful electronic dance music producer.

Since ~2018, 58-year-old Solomon has moonlighted as DJ ‘D-Sol’– playing all over the world and garnering a pretty substantial following in the process.

But it’s undoubtedly a part-time labour of love. In March, Solomon’s annual compensation from Goldman jumped 20 per cent to $27.5m. Not bad.

>>> Scroll down for today’s biggest small cap winners and losers >>>

Solomon was opening act for US duo ‘The Chainsmokers’ at a benefit concert in New York last week – a concert that is now under investigation after videos revealed packed crowds ignoring COVID-19 health guidelines.

But you know who isn’t under investigation? Goldman Sachs itself, which has just agreed to a $US3.9bn deal with the Malaysian government over the 1MDB sovereign wealth fund scandal.

The government of Malaysia has now agreed to drop all criminal and regulatory proceedings involving the firm, Goldman Sachs said in a statement last week.

 

In Markets…

European share markets generally rose on Tuesday, while Wall Street eased as investors wait on confirmation of a fresh $1 trillion COVID-19 relief package.

The local bourse is off to a slow start on Wednesday. The financial sector was one of the big improvers, as industry regulator Australian Prudential Regulation Authority (APRA) eased restrictions around paying dividends.

 

SMALL CAP WINNERS

Here are the best performing ASX small cap stocks at 12pm Wednesday July 29:

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

CODE COMPANY PRICE CHANGE MARKET CAP
SUD Suda 0.092 240.74% $12.7M
IGN Ignite 0.063 200.00% $5.4M
GTE Great Western Exploration 0.22 41.94% $21.5M
CNJ Conico 0.014 40.00% $5.4M
SBR Sabre Resources 0.004 33.33% $3.1M
WSI Weststar Industrial 0.018 28.57% $13.1M
CLZ Classic Minerals 0.0025 25.00% $19.8M
LNY Laneway Resources 0.01 25.00% $30.0M
ANR Anatara Lifesciences 0.185 23.33% $7.5M
DXB Dimerix 0.46 21.05% $75.1M
AZI Alta Zinc 0.006 20.00% $13.8M
AGE Alligator Energy 0.006 20.00% $7.2M
DLC Delecta 0.006 20.00% $4.0M
TSC Twenty Seven 0.006 20.00% $7.4M
OXX Octanex 0.013 18.18% $3.6M
BLG BluGlass 0.1 17.65% $72.0M
HWH Houston We Have 0.047 17.50% $12.1M
PUR Pursuit Minerals 0.021 16.67% $9.5M
SER Strategic Energy Resources 0.007 16.67% $8.3M
PWN Parkway Minerals 0.007 16.67% $12.0M
NZS New Zealand Coastal Seafoods 0.029 16.00% $21.1M

 

The Therapeutics Goods Administration (TGA) has approved the registration of Suda Pharmaceuticals’ (ASX:SUD) ZolpiMist product for the treatment of short-term insomnia in adults.

The stock jumped over 250 per cent in morning trading.

Dimerix’s (ASX: DXB) phase-two trial for a rare kidney disorder has met both primary and secondary endpoints, with 86 per cent of patients showing a response to the drug DMX-200 versus placebo.

Classic Minerals (ASX:CLZ) is getting closer to becoming a small cap gold producer, with delivery of a modular processing plant for its 93,000oz Kat Gap project in WA expected mid-August.

And construction small cap WestStar Industrial (ASX:WSI) climbed this morning following the release of its quarterly numbers – which included improving revenues of $12.2m and net profit of ~$940,000.

 

SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks at 12pm Wednesday July 29:

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

CODE COMPANY PRICE CHANGE MARKET CAP
PNN Pepinnini Minerals 0.001 -50.00% $1.6M
T3D 333D 0.001 -33.33% $1.1M
LVE Love Group Global 0.042 -26.32% $1.7M
WCN White Cliff Minerals 0.01 -23.08% $4.9M
SMI Santana Minerals 0.002 -20.00% $5.4M
MSR Manas Resources 0.004 -20.00% $10.6M
IMS Impelus 0.005 -16.67% $4.0M
LCY Legacy Iron Ore 0.005 -16.67% $41.2M
RVS Revasum 0.35 -14.63% $11.6M
WBE Whitebark Energy 0.003 -14.29% $9.1M
CZL Consolidated Zinc 0.003 -14.29% $7.5M
KSC K & S Corporation 1.215 -13.21% $156.5M
WHK WhiteHawk 0.14 -12.50% $24.1M
2BE Tubi 0.11 -12.00% $26.8M
RNU Renascor Resources 0.015 -11.76% $20.0M
HT8 Harris Technology 0.045 -11.76% $8.7M
EN1 Engage:BDR 0.008 -11.11% $8.7M
CUL Cullen Resources 0.016 -11.11% $3.6M
KTE K2 Energy 0.024 -11.11% $7.2M