ASX Small Cap Lunch Wrap: Who’s taking advertising to a whole new level today?
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News
Advertising campaigns get into your brain with their catchy jingles or amazing looking products to tantalise your tastebuds – but McDonald’s in the UK has taken their marketing to a whole new level.
The fast-food giant popped a McCrispy advert on a bus stop in Cornwall without realising it was opposite to the local crematorium.
McDonald’s to remove ‘tasteless’ McCrispy ad across from crematorium https://t.co/eek2P6JRh6 pic.twitter.com/oGrsL3cNut
— New York Post (@nypost) February 11, 2023
A tasteless advert or a hilarious coincidence? Locals are divided, but a McDonald’s spokesperson told CornwallLive they were unaware of the road sign in the vicinity of the bus stop – and that it would be removed.
OR WERE THEY? Anyone else feel hungry?
The ASX 200 is trading down 0.19% at lunch today, and only two out of 11 sectors are in the green.
Energy was leading the winners, up 2.24% with Consumer Staples up 0.54%. Yancoal (ASX:YAL) was up 3.39%, Whitehaven Coal (ASX:WHC) rose 3.10% and Woodside (ASX:WDS) was up 2.68%.
Leading the sector laggards was Consumer Discretionary, down 1.09%.
European stocks fell Friday as the prospect of higher-for-longer interest rates weighed on investor sentiment and markets absorbed the notion that rates may stay higher for longer.
Although European markets had a good start to the year, “it looks time to hand back some of those gains as economic pessimism rises again,” IG analyst Chris Beauchamp said.
In the US, all three indices finished January higher, mostly because investors had expected the Fed to end its campaign to raise interest rates and, eventually, lower them.
But last week they all finished lower for the first time since December, signalling investor doubts that the Fed can reduce inflation without slowing down the economy.
“Sentiment has soured a bit,” Invesco multi-asset fund manager Sebastian Mackay said.
“The market was confident that we would be looking at interest rate cuts later this year, but the strong jobs data has thrown a spanner in the works.”
Investors will soon receive more information about the health of the consumer and the direction of interest rates with the US releasing consumer-price data for January on Wednesday.
“The market is nervous about confirmation from the CPI report that more work needs to be done before the Fed can ease off the gas pedal,” Global Investments portfolio manager Keith Buchanan said.
Here are the best performing ASX small cap stocks for February 13 [intraday]:
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Code Company Price % Volume Market Cap KP2 Kore Potash PLC 0.018 50% 4,224,545 $7,982,186 AQX Alice Queen Ltd 0.002 33% 1,000,000 $3,795,431 MCT Metalicity Limited 0.004 33% 41,050,530 $10,476,118 MGG Mogul Games Grp Ltd 0.002 33% 3,358,833 $4,895,162 PNX PNX Metals Limited 0.004 33% 350,000 $13,332,173 ROO Roots Sustainable 0.002 33% 500,000 $1,558,829 RR1 Reach Resources Ltd 0.006 33% 62,931,350 $8,595,228 SOV Sovereign Cloud Hldg 0.19 31% 26,983 $24,657,348 RML Resolution Minerals 0.009 29% 14,512,373 $7,558,223 ARE Argonaut Resources 0.0025 25% 16,020,046 $12,723,743 ZEU Zeus Resources Ltd 0.022 22% 3,344,694 $7,889,400 OEQ Orion Equities 0.145 21% 7,700 $1,877,907 XTC Xantippe Res Ltd 0.006 20% 5,483,206 $51,725,174 TTB Total Brain Ltd 0.007 17% 2,070,992 $802,327 TI1 Tombador Iron 0.029 16% 1,400,028 $53,424,559 MAM Microequities 0.71 15% 36,166 $82,690,420 EMU EMU NL 0.004 14% 1,790,095 $2,405,438 POD Podium Minerals 0.13 13% 181,946 $38,704,276 IG6 Internationalgraphit 0.27 13% 140,157 $21,117,146 ADX ADX Energy Ltd 0.009 13% 3,364,889 $28,150,715 DXN DXN Limited 0.0045 13% 181,076 $6,885,259 AD8 Audinate Group Ltd 8.06 12% 218,904 $555,330,259 NTL New Talisman Gold 0.019 12% 267,305 $5,436,723 BRU Buru Energy 0.105 12% 841,907 $56,028,050 AML Aeon Metals Ltd. 0.029 12% 496,847 $28,506,416
Metalicity (ASX:MCT) has been granted permit EPM 28653, expanding the potential exploration area for copper/cobalt mineralisation at its Mt Surprise Project in North Queensland.
Recent fieldwork at Mt Surprise has identified a significant copper trend with high grade rock chip samples of up to 11.65% copper and 66.39g/t silver, combined with anomalous cobalt mineralisation on assays of up to 650ppm.
“With assay results from over 300 ultrafine soil samples due shortly and the wet season coming to an end in the coming weeks, this is a very timely and exciting development,” MD Justin Barton said.
The company plans to focus initial fieldwork on the potential strike between recent fieldwork activities and historical copper recordings from the Geological Survey of Queensland along strike.
PNX Metals (ASX:PNX) has identified multiple high grade gold targets at its Burnside project in the NT, with rock chip sampling returning grades up to ~12g/t.
Multiple targets, with the potential to host economically significant gold mineralisation, have been identified within prospective kilometre-scale gold corridors and the plan is to test these after the NT wet season with the aim of delineating additional ‘standalone’ gold deposits that can be processed through the company’s proposed Fountain Head Plant.
And Reach Resources (ASX:RR1) has picked up four tenements prospective for lithium, rare earth element (REE) and manganese mineralisation in WA.
Notably, the lithium tenement Morrissey Hill project has widespread outcropping pegmatites, and is directly adjoining, and contains the same geology as, Red Dirt Metals’ (ASX: RDT) Yinnetharra Lithium Project.
Code Company Price % Volume Market Cap EX1 Exopharm Limited 0.017 -74% 10,636,613 $10,218,750 ALT Analytica Limited 0.001 -33% 2,538 $6,920,702 MTL Mantle Minerals Ltd 0.002 -33% 7,500,000 $16,036,815 NXL Nuix Limited 1.11 -27% 3,651,824 $480,731,913 GGX Gas2Grid Limited 0.0015 -25% 30,000 $8,140,204 OAU Ora Gold Limited 0.006 -25% 7,428,364 $7,873,850 SGR The Star Ent Grp 1.49 -21% 39,146,155 $1,785,026,644 KNM Kneomedia Limited 0.008 -20% 4,386,221 $13,537,853 MKL Mighty Kingdom Ltd 0.042 -16% 992,120 $16,310,980 APX Appen Limited 2.81 -15% 3,309,386 $409,841,902 PBL Parabellumresources 0.385 -14% 441,376 $24,625,125 MHC Manhattan Corp Ltd 0.006 -14% 330,000 $10,683,951 MRQ Mrg Metals Limited 0.003 -14% 62,500 $6,950,715 NZS New Zealand Coastal 0.003 -14% 31,172 $3,944,518 TSL Titanium Sands Ltd 0.012 -14% 861,349 $19,689,570 RWD Reward Minerals Ltd 0.1 -13% 34,727 $22,459,809 DCX Discovex Res Ltd 0.0035 -13% 1,267,500 $13,210,272 RGS Regeneus Ltd 0.014 -13% 1,937,580 $4,902,991 T92 Terrauraniumlimited 0.29 -12% 90,435 $13,693,350 AMX Aerometrex Limited 0.55 -11% 9,250 $58,647,143 NYM Narryermetalslimited 0.12 -11% 132,600 $4,115,813 BM8 Battery Age Minerals 0.54 -11% 386,219 $44,901,989 BKG Booktopia Group 0.34 -11% 66,666 $52,196,534 TGN Tungsten Min NL 0.095 -10% 5,500 $82,573,499 MGL Magontec Limited 0.29 -9% 83,804 $24,806,987