ASX Small Cap Lunch Wrap: Who’s sh..ting their dacks today?

Thanks to drones, we now know that people-shark encounters are alarmingly common.

At 1:40 of this clip, three kids playing on body boards don’t realise there is a shark checking them out just metres away.

At 9:25, Dad (pictured above) wishes he bought a bigger boat.

People often don’t even realise when there are sharks around them, drone footage shows, and much of the time the sharks don’t seem to pay humans much attention either.

Which is the good news. This researcher has studied hundreds of interactions between people and young white sharks, and his initial analysis is simple:

“It looks like so far; the sharks don’t care. They treat people as if they’re flotsam, just floating debris on the surface.”

To Markets

US stocks pushed to a fresh record high overnight.

The S&P500 ended the session up 0.26% — closing more than 100% higher than its pandemic lows of March 2020.

And yet sentiment last night was certainly not categorically bullish, says IG analyst Kyle Rodda.

“The NASDAQ dropped, and cyclicals were mixed, with another drop in oil prices weighing on the energy sector,” he says.

“But this market remains one where the key consideration is where you put your money in the stock market, and not if you do, with defensive stocks climbing on a touch of caution about the growth and monetary policy outlook.”

It’s a tough day on the local bourse. At 12pm eastern time the benchmark ASX 200 index was down 0.77% to 7,523.5 points, with banks and miners weighing the most.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Tuesday, August 17:

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

$12m market cap explorer Petratherm (ASX:PTR) is hunting Olympic Dam-style IOCG deposits at ‘Mabel Creek’ and gold at ‘Comet Ridge’, both in South Australia.

Shallow infill drilling over the large ‘DG1’ gold anomaly at Comet has been successfully completed, with results expected in about three weeks’ time.

Cuba-based project developer Antilles (ASX:AAU) hit more thick, shallow, and high-grade gold.

Kincora Copper (ASX:KCC) hit broad mineralised intervals at the ‘Trundle Park’ prospect in NSW “strongly indicating proximity to the core of a large porphyry intrusive system”.

Property services company Millennium Services (ASX:MIL) grew revenue by 7% to $275.5 million and gross profits 34% to $40.8 million.

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Tuesday, August 17:

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