Hackathons are typically conducted by the tech community but now the defence force is hosting one (Picture: Getty)
ASX Small Cap Lunchtime Wrap: Who’s hosting a hackathon today?
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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.
