Victoria joined former West Indies batsman Brian Lara in passing 400 for the first time, although not in a good way. (Pic: Getty)
ASX Small Cap Lunch Wrap: Who’s racking up some big numbers today?
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Victoria has ended the week still firmly entrenched in crisis mode, with an Australian daily record 428 new COVID-19 cases overnight.
The announcement took some shine of a fairly solid start on the ASX, as stocks shrugged off some selling in the US market.
Netflix shares fell more than 10 per cent in after-hours trade after its Q4 earnings announcement missed expectations, but that wasn’t enough to rattle US futures markets which are still pointing slightly higher.
With markets treading water into the end of the week, it makes for an interesting setup with additional government stimulus efforts now set to come into focus.
The Morrison government is scheduled to make an update on extensions to its JobKeeper program next Thursday, while US lawmakers are busy preparing another aid package set to be announced before the end of the month.
SMALL CAP WINNERS
Here are the best performing ASX small cap stocks at 12pm Friday July 17:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
|---|---|---|---|---|
| PNN | Pepinnini Minerals Ltd | 0.002 | 100.00% | $1.6M |
| 14D | 1414 Degrees | 0.18 | 44.00% | $21.6M |
| ATP | Atlas Pearls and Perfumes | 0.008 | 33.33% | $2.6M |
| EN1 | Engage:BDR | 0.006 | 30.00% | $5.2M |
| AZS | Azure Minerals | 0.16 | 28.00% | $20.3M |
| PDZ | Prairie Mining Metals | 0.325 | 27.45% | $54.1M |
| LI3 | Lithium Consolidated Mineral | 0.024 | 26.32% | $2.8M |
| OEX | Oilex | 0.003 | 25.00% | $7.3M |
| CLZ | Classic Minerals Ltd | 0.003 | 25.00% | $18.7M |
| SBW | Shekel Brainweigh | 0.165 | 22.22% | $18.8M |
| ODA | Orcoda | 0.14 | 21.74% | $13.3M |
| NZS | New Zealand Coastal Seafoods | 0.017 | 21.43% | $10.2M |
| WLD | Wellard Ltd | 0.058 | 23.40% | $25.0M |
| RAG | Ragnar Metals | 0.007 | 16.67% | $1.7M |
| IHR | intelliHR | 0.069 | 15.00% | $11.6M |
| JDR | Jadar Resources | 0.023 | 15.00% | $10.5M |
| YPB | YPB Group Ltd | 0.004 | 14.29% | $5.7M |
| JXT | Jaxsta | 0.04 | 14.29% | $8.7M |
| TKM | Trek Metals | 0.06 | 13.21% | $9.3M |
| NTD | National Tyre & Wheel | 0.485 | 12.79% | $44.2M |
| AYR | Auris Minerals | 0.062 | 12.73% | $9.4M |
| AX8 | Accelerate Resources | 0.045 | 12.50% | $4.0M |
There were no major moves to end the week, although investors approved of Azure Minerals’ (ASX:AZS) decision to enter into two sale & exploration joint venture agreements with successful mining prospector Mark Creasy.
The deal will see Azure take a greater-than 50 per cent share of two projects; gold exploration at Turner River (near De Grey Mining’s (ASX:DEG) Mallina project) and a nickel-copper project at Andover.
In return, the company will issue 40m shares, which will see the Creasy Group emerge as Azure’s largest shareholder with a 19.1 per cent stake.
SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks at 12pm Friday July 17:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
|---|---|---|---|---|
| TPD | Talon Petroleum Ltd | 0.001 | -50.00% | $2.7M |
| RFN | Reffind Ltd | 0.002 | -33.33% | $2.1M |
| KP2 | Kore Potash DRC | 0.016 | -27.27% | $34.2M |
| PNX | PNX Metals | 0.009 | -25.00% | $22.9M |
| ADV | Ardiden | 0.011 | -21.43% | $21.5M |
| DRE | Dreadnought Resources | 0.009 | -18.18% | $17.0M |
| CAN | Cann Group | 0.68 | -17.07% | $97.9M |
| 2BE | Tubi | 0.1 | -16.67% | $24.3M |
| TGM | Theta Gold Mines | 0.26 | -16.13% | $117.1M |
| BIW | BuildingIQ Inc | 0.006 | -14.29% | $2.2M |
| NEW | Norwest Energy NL | 0.003 | -14.29% | $14.2M |
| BSM | Bass Metals Ltd | 0.003 | -14.29% | $10.5M |
| IDA | Indiana Resources | 0.036 | -14.29% | $7.9M |
| RDM | Red Metal Ltd | 0.099 | -13.91% | $24.3M |
| WEC | White Energy Company | 0.13 | -13.33% | $116.2M |
| SCG | Scout Security | 0.079 | -12.22% | $10.7M |
| PGM | Platina Resources Ltd | 0.054 | -11.48% | $22.7M |
| IXR | Ionic Rare Earths Ltd | 0.008 | -11.11% | $22.2M |
| REZ | Resources Energy Group Ltd | 0.016 | -11.11% | $7.0M |
| NXE | New Energy Minerals | 0.008 | -11.11% | $1.5M |
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