ASX Small Cap Lunch Wrap: Who’s swimming against the tide today?

Category 4 Hurricane Ida has stopped the flow of the Mississippi river and actually reversed it.

“I remember, off hand, that there was some flow reversal of the Mississippi River during Hurricane Katrina, but it is extremely uncommon,” USGS Lower Mississippi Gulf Water Science Centre supervising hydrologist Scott Perrien said.

The hurricane arrived on the 16th anniversary of the Hurricane Katrina, and apparently caused the river level to rise due more than 2 metres due to a storm surge pushing up the river.

“During that time, the flow of the river slowed from about 2 feet per second down to about half a foot per second in the other direction,” Perrien said.

To Markets …

The ASX 200 was up 25.20 points or 0.34% at midday today to 7,529.70.

The energy sector was among those that lost ground as concerns about the Delta variant of Covid-19 continue.

Global oil prices rose by around 1.0% on Monday as offshore explorers assessed damage from Hurricane Ida, and investors also focused on an OPEC+ meeting that could see more supply added to the crude market.

Iron ore fell by 0.8% to US$157.75 a tonne as China’s Baoshan Iron & Steel Company delivered a cautious outlook on price prospects.

Among large caps, Woodside (ASX:WPL) and Santos (ASX:STO) were among the worst performing majors today, down 1.65% and 1.15% respectively.

Slipping slightly was BHP (ASX:BHP) droped 0.63% and Fortescue (ASX:FMG) fell 0.89%, along with Rio Tinto (ASX:RIO) down 0.19%.
“On the one hand, the Fed said that it will taper but it will not raise interest rates, which is good for the growth stocks,” BCA Research chief US equity strategist Irene Tunkel told Morningstar.

“On the other hand, people are really worried about Delta.”

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for August 31 [intraday]:

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

Code	Name	Price	% Change	Market Cap
ANL	Amani Gold Ltd	0.0015	50	$ 12,386,996.75
CLZ	Classic Min Ltd	0.0015	50	$ 22,369,104.43
VPR	Volt Power Group	0.003	50	$ 18,689,067.12
RXH	Rewardle Holding Ltd	0.016	33	$ 6,315,857.86
VAL	Valor Resources Ltd	0.0105	31	$ 23,590,651.34
CAG	Caperangeltd	0.31	24	$ 23,727,075.25
BMT	Beamtree Holdings	0.6	22	$ 110,451,586.00
PAM	Pan Asia Metals	0.18	20	$ 8,048,796.60
GFN	Gefen Int	0.85	18	$ 40,164,469.20
KNI	Kunikolimited	2.73	17	$ 96,629,909.12
PPY	Papyrus Australia	0.028	17	$ 10,265,055.98
HGO	Hillgrove Res Ltd	0.057	16	$ 45,911,499.67
SCT	Scout Security Ltd	0.07	15	$ 9,202,104.61
SCU	Stemcell United Ltd	0.016	14	$ 14,606,489.21
VMT	Vmoto Limited	0.38	13	$ 93,300,878.14
ENT	Enterprise Metals	0.017	13	$ 8,595,302.18
SBR	Sabre Resources	0.0045	13	$ 6,732,254.60
CKA	Cokal Ltd	0.1675	12	$ 140,562,346.95
TMT	Technology Metals	0.435	12	$ 58,569,442.23
ATP	Atlas Pearls Ltd	0.029	12	$ 11,124,665.71
BLU	Blue Energy Limited	0.059	11	$ 70,430,773.19
BCB	Bowen Coal Limited	0.15	11	$ 163,644,294.87
EQE	Equus Mining Ltd	0.01	11	$ 22,514,317.98

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The biggest small cap winner today was a three-way tie between Amani Gold (ASX:ANL) and Classic Minerals (ASX:CLZ) both up 50% on news.

Followed by Volt Power Group (ASX:VPR) also rose 50% off the back of a 382% increase in revenue for the half year to $1.17 million and total revenues of $2.57 million (including $1.3 million of legal settlement proceeds).

This was partially due to record Wescone crusher sales and revenues of the new Wescone W300 Series 4 & 3 crushers.

“The imminent 5-Year deployment of a completed fleet of 25x EcoQuip MSLTs to Barrow Island and ongoing positive sales performance by our Wescone business will deliver new additional revenue growth to the Volt group for the remainder,” CEO and managing director Adam Boyd said.

The company sees a growth opportunity for its zero emission, baseload ATEN Waste Heat to Power technology in Australian markets with momentum building in Australian industry to achieve material carbon intensity reduction.

And then there was Rewardle Holdings (ASX:RHX) up 33% on no news.

Valor Resources (ASX:VAL) followed with a 31% jump after announcing high-grade uranium, rare earth, silver and lead results from its Hook Lake project.

“Not only have we confirmed the significant outcrop of uranium mineralisation grading up to 59% U3O8, but we have also seen outstanding results in other commodities such as Rare Earths with grades more than 5% TREO,” executive chairman George Bauk said.

“We have seen results of over 1% TREO at both the Hook Lake prospect and the Nob Hill prospect which are over 10km apart on the property.”

“The Hook Lake Prospect results also included a number of other significant results on top of the Uranium and Rare Earth assays, such as Lead as high as 14.5% and Silver over 500 g/t. There is a lot going on at the Hook Lake prospect.”

“To the northwest of Hook Lake at the West Way prospect, U3O8 values of up to 0.64% along with other samples in the area containing significant values of Molybdenum including 3.4% and 1.9%.”

“This is one hell of an exciting project, right commodity, right location and right time,” he said.

ASX SMALL CAP LOSERS

Code	Name	Price	% Change	Market Cap
MLS	Metals Australia	0.0015	-25	$ 8,454,376.09
WOO	Wooboard Tech Ltd	0.0015	-25	$ 7,644,325.48
GLE	GLG Corp Ltd	0.25	-22	$ 23,712,000.00
ARO	Astro Resources NL	0.004	-20	$ 18,820,965.07
AGR	Aguia Res Ltd	0.041	-20	$ 17,031,064.44
MAG	Magmatic Resrce Ltd	0.115	-18	$ 32,354,189.56
AUQ	Alara Resources Ltd	0.015	-17	$ 12,697,726.30
NTL	New Talisman Gold	0.0025	-17	$ 8,376,676.09
ICN	Icon Energy Limited	0.011	-15	$ 7,768,890.19
BCT	Bluechiip Limited	0.034	-15	$ 23,915,220.08
XST	Xstate Resources	0.003	-14	$ 11,253,135.78
SRJ	SRJ Technologies	0.25	-14	$ 21,459,756.40
WWG	Wisewaygroupltd	0.37	-12	$ 60,571,882.98
WSI	Weststar Industrial	0.024	-11	$ 26,337,866.82
ROG	Red Sky Energy.	0.008	-11	$ 45,388,819.77
MSB	Mesoblast Limited	1.765	-11	$ 1,284,418,218.60
HVM	Happy Valley	0.125	-11	$ 24,013,232.18
CZR	CZR Resources Ltd	0.009	-10	$ 34,863,232.77
RMX	Red Mount Min Ltd	0.009	-10	$ 14,644,583.02
HRN	Horizon Gold Ltd	0.36	-9	$ 42,143,346.32
BOC	Bougainville Copper	0.365	-9	$ 160,425,000.00
BID	Bill Identity Ltd	0.42	-9	$ 74,954,101.54