A “hackathon” is not something you’d normally expect the Australia and New Zealand’s defence forces to host but this weekend that’s just what they’ll be doing.

The armies are hosting ANZDF Hack, a 48-hour online event starting at 7pm Friday night Sydney time.

The event will identify solutions to supply chain issues underpinning defence’s ability to mobilise quickly.

“The strength of the Australia-New Zealand relationship is more important than ever, and now is the optimum time to build networks and find self-reliant capability solutions with our close partner and friend across the Tasman,” Defence Minister Senator Linda Reynolds said.

She promised that winning and shortlisted concepts would be rewarded with progress through innovation programs, mentoring, real data, funding streams or ongoing support.

Our markets have declined for the second day in a row. The ASX 200 is down 1.2 per cent to 5,338 points while the ASX Small Ords dropped 1.8 per cent to 2,393 points as at 11:45am EST.

 

SMALL CAP WINNERS

Here are the best performing ASX small cap stocks at 12pm on Wednesday May 13:

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

Code Company Price % Change Market Cap
CDT Castle Minerals Ltd 0.009 80.00% $2.5M
RGL Riversgold 0.012 50.00% $3.0M
MPW MSL Solutions 0.052 48.57% $16.8M
SBR Sabre Resources Ltd 0.002 33.33% $1.7M
BSM Bass Metals Ltd 0.004 33.33% $8.4M
MCT Metalicity 0.004 33.33% $2.2M
PUR Pursuit Minerals 0.005 25.00% $1.8M
PKO Peako 0.011 22.22% $1.4M
PGY Pilot Energy 0.013 18.18% $1.0M
NEW Norwest Energy NL 0.004 16.67% $14.2M
KTE K2 Energy Ltd 0.007 16.67% $2.1M
OEL Otto Energy 0.007 16.67% $33.6M
MEB Medibio Ltd 0.008 14.29% $8.0M
LPD Lepidico 0.008 14.29% $37.1M
AX8 Accelerate Resources 0.018 12.50% $1.1M
ESE Esense-Lab 0.009 12.50% $1.5M
ASN Anson Resources 0.02 17.65% $13.0M
CCZ Castillo Copper Ltd 0.019 11.76% $15.7M
JAY Jayride Group 0.145 11.54% $15.2M

 

MSL Solutions (ASX:MPW) rose over 50 per cent this morning after saying it had escaped being significantly hit by COVID-19. Despite its client base, sport and hospitality venues, being one of the worst hit sectors, MSL’s subscription business model has spared it.

 

SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks at 12pm on Wednesday May 13:

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

Code Company Price % Change Market Cap
BAS Bass Strait Oil Co Ltd 0.001 -50.00% $5.0M
CGR CML Group Ltd 0.287 -43.07% $63.1M
FGO Flamingo 0.001 -33.33% $1.1M
MGT Magnetite Mines 0.001 -33.33% $2.3M
SRN Surefire Resources 0.003 -25.00% $1.9M
RXH Rewardle Holdings Ltd 0.003 -25.00% $1.6M
RMX Red Mountain Mining 0.003 -25.00% $2.6M
PWN Parkway Minerals Part 0.003 -25.00% $10.1M
JXT Jaxsta 0.04 -23.08% $9.9M
IDZ Indoor Skydive AUS Group 0.004 -20.00% $1.4M
AUL Austar Gold Ltd 0.2 -16.67% $6.8M
ABV Advanced Braking Technology 0.02 -16.67% $7.6M
EXL Elixinol Global 0.268 -15.08% $36.8M
CNJ Conico Ltd 0.006 -14.29% $2.3M
DW8 Dawine 0.006 -14.29% $7.0M
MHJ Michael Hill 0.345 -13.75% $133.8M
TTM Titan Minerals Ltd 0.065 -13.33% $49.6M
ICE ICetana 0.13 -13.33% $20.6M
ZER Zeta Resources Ltd 0.14 -12.50% $40.3M
SRZ Stellar Resources Ltd 0.007 -12.50% $3.1M
VN8 Vonex 0.105 -12.50% $18.0M

 

Debtor finance specialist CML Group (ASX:CGR) revealed a takeover offer received in early March was now off. Shares plunged over 40 per cent despite the company saying it had a bright future on its own.