ASX Small Cap Lunchtime Wrap: Who’s going bulletproof today?
News
News
It’s been a heady few months for stock traders, where steady gains have attracted a cohort of youthful investors on trading apps such as Robinhood.
However, some news out of California suggests some are better at coping with losses than others.
The NYT report concerns Robinhood’s Silicon Valley headquarters, which sometimes receives unwanted visitors in the form of disgruntled traders keen to share a piece of their mind.
The number of unscheduled visitations reportedly became so frequent that the company installed bullet-proof glass at the front of its building.
One could argue it’s the investment equivalent of a stop-loss, although it does seem like a rather extreme measure.
Back in Australia — where we’d wager that statistics would bear out a materially lower risk of market-related shootouts — local markets struggled for traction in the morning session following a weaker US lead.
Both the ASX200 and the Small Ords Index were trading flat just after 12pm AEST, ahead of what’s expected to be another high number of reported COVID-19 cases out of Victoria. Daily positive cases in the US climbed to a new daily record of 61,000.
Elsewhere, gold is holding at $US1,800 (~$2,594) an ounce while bondholders of stricken airline Virgin are planning a last-ditch effort to prevent its sale to private equity firm Bain Capital, via a meeting of creditors scheduled for August.
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CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
---|---|---|---|---|
RXH | Rewardle Holdings Ltd | 0.006 | 100.00% | $3.2M |
RLG | Roolife Group Ltd | 0.033 | 50.00% | $10.9M |
ERL | Empire Resources Ltd | 0.019 | 35.71% | $13.3M |
CRO | Cirralto | 0.012 | 33.33% | $9.9M |
PSC | Prospect Resources Ltd | 0.115 | 32.18% | $32.9M |
AVA | AVA Risk Group | 0.185 | 27.59% | $43.5M |
FBR | Fastbrick Robotics | 0.089 | 23.61% | $160.0M |
WSI | Weststar Industrial | 0.016 | 23.08% | $15.0M |
BCK | Brockman Mining Ltd | 0.027 | 22.73% | $204.1M |
LIO | Lion Energy | 0.017 | 21.43% | $2.9M |
WTL | Wt Financial Group Ltd | 0.035 | 20.69% | $4.4M |
TYX | Tyranna Resources | 0.006 | 20.00% | $6.7M |
AMD | Arrow Minerals | 0.012 | 20.00% | $13.2M |
IGN | Ignite | 0.018 | 20.00% | $1.6M |
NUH | Nuheara | 0.025 | 19.05% | $32.6M |
MEM | Memphasys | 0.069 | 18.97% | $53.5M |
TGH | Terragen | 0.22 | 18.92% | $38.3M |
FLN | Freelancer | 0.59 | 19.19% | $266.3M |
FLC | Fluence Corporation | 0.235 | 17.50% | $125.0M |
Security tech company AVA Risk Group (ASX:AVA) was among the leaders, after a trading update where the company said June quarter revenue is now expected to come in $1.8m above previous guidance.
The company also announced the retirement of CEO Scott Basham, who will be replaced by Rob Broomfield, the current head of the group’s Technology division.
And Fastbrick Robotics (ASX:FBR), manufacturer of the one-armed bricklaying robot, also rose strongly on no news. The stock has now climbed from around 3c in late-June to 10c in morning trade, after announcing a display home construction contract with Archistruct on July 2nd.
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CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
---|---|---|---|---|
XST | Xstate Resources Ltd | 0.001 | -50.00% | $2.9M |
RFN | Reffind Ltd | 0.001 | -50.00% | $1.0M |
ROG | Red Sky Energy | 0.001 | -33.33% | $2.5M |
UUV | UUV Aquabotix | 0.001 | -33.33% | $792K |
XTC | Xantippe Resources | 0.002 | -20.00% | $8.1M |
TYM | Tymlez Group | 0.11 | -15.38% | $29.4M |
GLH | Global Health Ltd | 0.24 | -14.29% | $10.1M |
KSS | Kleos Space | 0.31 | -13.89% | $33.1M |
CDT | Castle Minerals Ltd | 0.013 | -13.33% | $5.1M |
SUD | Suda Pharmaceuticals | 0.027 | -12.90% | $3.8M |
MAN | Mandrake Resources | 0.035 | -12.50% | $10.7M |
CWX | Carawine Resources | 0.185 | -11.90% | $16.2M |
FAU | First Au | 0.01 | -11.76% | $6.4M |
CNU | Chorus | 6.51 | -10.94% | $3.3B |
CDY | Cellmid | 0.135 | -10.00% | $18.8M |
ZNC | Zenith Minerals Ltd | 0.113 | -10.00% | $27.3M |
TAO | Tao Commodities | 0.09 | -10.00% | $2.8M |
NC6 | Nanollose | 0.038 | -9.52% | $4.0M |