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ASX Small Cap Lunch Wrap: Who’s second-guessing themselves today?
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If you find yourself cringing at things you did when you were younger, you’re not alone — even Bono feels the same way.
Reflecting on his career in a recent interview with The Times, the U2 lead singer said most of the band’s chart-topping tracks are hard for him to listen to these days because he doesn’t like the sound of his voice.
In another darkish twist from the same interview, he also conceded he doesn’t even like the band’s name (but ultimately he ran with it long enough to chalk up 22 Grammys and ~170m record sales).
On local markets, the mood still isn’t bullish as the ASX 200 traded flat in the morning session.
A finish in the red would mark three straight falls at the big end of town, as rising bond yields appear to be putting pressure on tech and financial stocks.
But if you’re still allocating capital at the junior end of the resources market, you’d be making bank (read on below for more details).
In crypto markets, Bitcoin slid back beneath US$42k overnight while USD gold prices pushed further above US$1,800/oz.
Large cap gold miners ripped higher in morning trade, with Newcrest Mining (ASX:NCM) up +5% while Northern Star (ASX:NST) jumped by almost 10%.
ASX 200 Energy stocks also look set to continue their winning streak amid the ongoing strength in global oil prices.
ASX SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for January 20 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Market Cap |
|---|---|---|---|---|
| WOO | Wooboard Tech Ltd | 0.002 | 100% | $3,822,163 |
| VMG | VDM Group Limited | 0.0025 | 67% | $10,391,491 |
| NC1 | Nicoresourceslimited | 0.56 | 56% | $31,410,001 |
| DXN | DXN Limited | 0.009 | 50% | $8,827,889 |
| RXL | Rox Resources | 0.4975 | 38% | $56,738,741 |
| SBR | Sabre Resources | 0.0055 | 38% | $6,911,255 |
| TEG | Triangle Energy Ltd | 0.019 | 36% | $15,054,325 |
| OEX | Oilex Ltd | 0.004 | 33% | $21,338,855 |
| DAF | Discovery Alaska Ltd | 0.04 | 33% | $6,697,041 |
| ARR | American Rare Earths | 0.47 | 32% | $138,579,967 |
| 1MC | Morella Corporation | 0.03 | 30% | $118,086,922 |
| JAV | Javelin Minerals Ltd | 0.0025 | 25% | $13,176,506 |
| MLS | Metals Australia | 0.0025 | 25% | $10,477,115 |
| PG1 | Pearl Global Ltd | 0.026 | 24% | $13,699,133 |
| CRR | Critical Resources | 0.135 | 23% | $144,657,824 |
| ASO | Aston Minerals Ltd | 0.15 | 20% | $119,274,679 |
| VMC | Venus Metals Cor Ltd | 0.215 | 19% | $27,194,163 |
| MRR | Minrex Resources Ltd | 0.075 | 19% | $43,596,051 |
| CMX | Chemxmaterials | 0.275 | 17% | $10,890,076 |
| POS | Poseidon Nick Ltd | 0.1225 | 17% | $321,715,750 |
| JCS | Jcurve Solutions | 0.056 | 17% | $15,760,485 |
| BSX | Blackstone Ltd | 0.82 | 16% | $316,966,283 |
| AZS | Azure Minerals | 0.455 | 16% | $121,963,770 |
| IPT | Impact Minerals | 0.015 | 15% | $26,309,334 |
| SMP | Smartpay Holdings | 0.79 | 15% | $163,225,200 |
New battery metals play NiCo Resources (ASX:NC1) continued its red-hot start to listed life, surging higher again following a successful IPO yesterday where the stock almost doubled on debut.
At just under 60c this morning NC1 is now up almost 200% from its IPO price inside 48, as excited investors back the company to develop its Wingellina nickel/cobalt project.
Among stocks with news, every company on the winner’s list this morning was a resources stock, including WA-based gold player Rox Resources (ASX:RXL) which announced a resource upgrade at its Youanmi project, with a 1.34 million-ounce increase to its mineral resources estimate to 3Moz.
Elsewhere, data centre company DXN Ltd (ASX:DXN) ripped higher on no news, jumping by 50% in morning trade to 9c.
ASX SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks for January 20 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Last | % | Market Cap |
|---|---|---|---|---|
| ICL | Iceni Gold | 0.13 | -27.8% | $22,455,899 |
| ECG | Ecargo Hldg | 0.03 | -23.1% | $23,994,750 |
| MEB | Medibio Limited | 0.004 | -20.0% | $10,305,256 |
| LCT | Living Cell Tech. | 0.005 | -16.7% | $6,170,182 |
| LPI | Lithium Pwr Int Ltd | 0.705 | -14.5% | $287,735,125 |
| SE1 | Sensera Ltd | 0.019 | -13.6% | $9,107,922 |
| TSN | The Sust Nutri Grp | 0.175 | -12.5% | $24,121,277 |
| CVN | Carnarvon Energy Ltd | 0.3025 | -12.3% | $540,056,071 |
| HMI | Hiremii | 0.051 | -12.1% | $4,282,585 |
| IEC | Intra Energy Corp | 0.015 | -11.8% | $7,750,005 |
| AFW | Applyflow Limited | 0.004 | -11.1% | $13,309,236 |
| AO1 | Assetowl Limited | 0.004 | -11.1% | $3,672,923 |
| BMM | Balkanminingandmin | 0.5 | -10.7% | $18,340,000 |
| XTC | Xantippe Res Ltd | 0.0125 | -10.7% | $72,306,655 |
| TOU | Tlou Energy Ltd | 0.043 | -10.4% | $28,809,554 |
| GTE | Great Western Exp. | 0.13 | -10.3% | $19,748,727 |
| 8IH | 8I Holdings Ltd | 0.18 | -10.0% | $71,671,198 |
| IOU | Ioupay Limited | 0.27 | -10.0% | $165,423,620 |
| M2R | Miramar | 0.18 | -10.0% | $9,963,004 |
| BUY | Bounty Oil & Gas NL | 0.009 | -10.0% | $13,705,010 |
Iceni Gold (ASX:ICL) led the laggards, after providing assay results from a diamond drilling program at its Deep Well prospect within its 14 Mile Well tenement package.
ICL said while the drilling “identified a large hydrothermal alteration system”, it “did not intersect economic gold mineralisation at these specific locations”.
