Pic: DKosig / iStock / Getty Images Plus via Getty Images
ASX Small Cap Lunch Wrap: Who’s preparing for the worst today?
News
share
Australia’s eastern states remain on edge after new positive COVID-19 tests climbed back above the 250-mark in Victoria yesterday.
Social distancing restrictions have tightened back up next door in NSW, where health authorities on high alert trying to trace a cluster from Crossroads Hotel in the country town of Casula.
A late selloff on US markets also didn’t help sentiment where the tech-focused NASDAQ index — which has climbed back to all-time highs amid the post-pandemic rally — slumped by more than two per cent overnight.
It all added up to a risk-off tone for local markets this morning, which was felt more keenly among the smaller players as the Small Ords Index fell by more than one per cent — on track for its fifth decline in the last six days.
Even stocks in Shanghai, which climbed by 16 per cent in eight straight winning sessions to last Friday, were lower in morning trade.
The ASX200 was less volatile, falling by around 0.5 per cent while the Aussie dollar was still finding support above US69c.
SMALL CAP WINNERS
Here are the best performing ASX small cap stocks at 12pm Tuesday July 14:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
|---|---|---|---|---|
| 3DP | Pointerra | 0.089 | 64.81% | $33.1M |
| ANL | Amani Gold | 0.002 | 50.00% | $7.8M |
| GLA | Gladiator Resources | 0.0015 | 50.00% | $2.0M |
| CLZ | Classic Minerals Ltd | 0.003 | 50.00% | $18.7M |
| VIP | VIP Gloves | 0.086 | 26.47% | $50.7M |
| ICG | Inca Minerals Ltd | 0.003 | 25.00% | $8.1M |
| CYG | Coventry Group | 0.7 | 20.69% | $52.1M |
| NSB | Neuroscientific Biopharma | 0.24 | 20.00% | $15.7M |
| DRE | Dreadnought Resources | 0.012 | 20.00% | $18.9M |
| NVU | Nanoveu | 0.074 | 19.35% | $8.2M |
| MSE | Metalsearch | 0.013 | 18.18% | $16.3M |
| DW8 | Dawine | 0.026 | 18.18% | $30.1M |
| TRL | Tanga Resources Ltd | 0.027 | 17.39% | $3.7M |
| PWN | Parkway Minerals | 0.007 | 16.67% | $12.0M |
| POD | Podium Minerals | 0.044 | 15.79% | $9.8M |
| NXE | New Energy Minerals | 0.008 | 14.29% | $1.2M |
| BLZ | Blaze International Ltd | 0.034 | 13.33% | $6.3M |
| OVT | Ovato | 0.009 | 12.50% | $5.9M |
| IXR | Ionic Rare Earths Ltd | 0.009 | 12.50% | $19.8M |
| KAS | Kasbah Resources | 0.009 | 12.50% | $1.0M |
| GBR | Great Boulder Resources Ltd | 0.045 | 12.50% | $5.3M |
| RXM | Rex Minerals | 0.14 | 12.00% | $38.7M |
3D geospatial imaging company Pointerra (ASX:3DP) led the small cap pack in tough conditions, after announcing a high-profile share placement.
The company said billionaire tech investor Bevan Slattery has taken a $2.5m stake in the business, acquiring 50m shares at five cents per share.
At current prices, Slattery’s $2.5m stake is now worth closer to $5m after 3DP shares climbed by more than 50 per cent at the opening bell, and held their gains into midday trade.
VIP Gloves (ASX:VIP), which manufacturers nitrile disposable gloves from its manufacturing hub in Malaysia, also rose strongly after announcing a change in substantial shareholding earlier this morning.
SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks at 12pm Tuesday July 14:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
|---|---|---|---|---|
| MNW | Mint Payments | 0.012 | -40.00% | $10.9M |
| PPL | Pureprofile Ltd | 0.025 | -35.90% | $3.0M |
| QFY | Quantify Tech | 0.001 | -33.33% | $2.0M |
| CFE | Cape Lambert Resources | 0.002 | -33.33% | $3.4M |
| ROG | Red Sky Energy | 0.001 | -33.33% | $2.5M |
| UUV | UUV Aquabotix | 0.001 | -33.33% | $792K |
| ENT | Enterprise Metals Ltd | 0.018 | -25.00% | $8.6M |
| CR1 | Constellation Resources | 0.33 | -25.00% | $11.6M |
| AYM | Australia United Mining Ltd | 0.003 | -25.00% | $7.4M |
| MTB | Mount Burgess Mining NL | 0.002 | -20.00% | $1.2M |
| XTC | Xantippe Resources | 0.002 | -20.00% | $8.0M |
| VAL | Valor Resources | 0.002 | -20.00% | $3.8M |
| CAV | Carnavale Resources Ltd | 0.004 | -20.00% | $6.0M |
| TKM | Trek Metals | 0.044 | -18.52% | $7.7M |
| STM | Sunstone Metals | 0.009 | -18.18% | $19.9M |
| IP1 | Integrated Payment Tech | 0.024 | -17.24% | $9.3M |
| GTR | GTI Resources Ltd | 0.025 | -16.67% | $16.3M |
| PUA | Pure Alumina | 0.021 | -16.00% | $8.8M |
| MCT | Metalicity | 0.021 | -16.00% | $34.9M |
Payments platform Mint Payments (ASX:MNW) is coming to the end of the line as a listed entity, after receiving a conditional signoff from the ASX to delist pending shareholder approval.
The company cited “liquidity and limited trading on the ASX”, as one of the main reasons for pursuing a delisting, as well the potential to improve its cost base as an unlisted company.
