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ASX Small Cap Lunch Wrap: Who’s taking advertising to a whole new level today?

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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.

 

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?

 

TO MARKETS

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%.

NOT THE ASX

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.

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for February 13 [intraday]:

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

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
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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. 

 

ASX SMALL CAP LOSERS

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
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