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ASX Small Cap Lunchtime Wrap: Who’s letting the good times roll today?
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The ASX has come roaring back from the June long weekend, following two more strong gains on Wall Street.
All eyes were on monthly US jobs data last Friday, which were expected to show the economy lost another 8 million-odd jobs in May. Instead, the official number was a 2.5m gain.
The following days saw much posturing about what the stats actually meant and whether they were accurate. But as for stock investors (who were already feeling bullish anyway), the data provided just the tonic for another strong rally which continued into Monday trade on US markets.
Geo-political tensions between the US and China remain ever-present, while mass protests against police brutality continue to gather momentum across most major western economies.
As for the pesky global health pandemic that briefly threatened to derail life as we know it, the news cycle appears to have moved on for now (although some would argue it may have moved too soon).
ASX stocks have followed the US lead to start the week, with the ASX200 posting a 2.5 per cent gain to climb back above the 6,000 mark. The Small Ords Index was around two per cent higher into midday trade at 2,756.
SMALL CAP WINNERS
Here are the best performing ASX small cap stocks at 12pm on Tuesday June 9:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | % CHANGE | MARKET CAP |
|---|---|---|---|---|
| ABT | Abundant Produce | 0.049 | 188.24% | $4.2M |
| NTI | Neurotech Intl | 0.012 | 100.00% | $2.6M |
| CAD | Caeneus Minerals | 0.002 | 100.00% | $7.0M |
| GLA | Gladiator Resources | 0.002 | 100.00% | $1.9M |
| LCY | Legacy Iron Ore | 0.003 | 50.00% | $18.7M |
| CFE | Cape Lambert Resources | 0.003 | 50.00% | $5.2M |
| VIC | Victory Mines | 0.002 | 50.00% | $3.1M |
| OAR | Oakdale Resources Ltd | 0.003 | 50.00% | $1.4M |
| XTC | Xantippe Resources | 0.003 | 50.00% | $6.7M |
| XF1 | Xref | 0.20 | 42.86% | $34.7M |
| LMG | Latrobe Magnesium Ltd | 0.014 | 40.00% | $18.2M |
| MGV | Musgrave Minerals Ltd | 0.33 | 37.50% | $148.2M |
| AIS | Aeris Resources Ltd | 0.047 | 38.24% | $23.2M |
| BRN | Brainchip Holdings | 0.12 | 36.36% | $175.7M |
| SOP | Synertec | 0.026 | 30.00% | $5.7M |
| NZM | NZME | 0.325 | 30.00% | $49.1M |
| ICU | Isentric Ltd | 0.009 | 28.57% | $1.4M |
| CXX | Cradle Resources Ltd | 0.04 | 25.00% | $6.1M |
| CTO | Citigold Corporation | 0.005 | 25.00% | $10.4M |
| ANA | Ansila Energy NL | 0.02 | 25.00% | $8.1M |
| DHR | Dark Horse Resources | 0.003 | 25.00% | $5.0M |
| AFR | African Energy Resources | 0.02 | 25.00% | $10.0M |
| SHK | Stone Resources Australia | 0.005 | 25.00% | $3.3M |
University-backed food research company Abundant Produce (ASX:ABT) was up and about this morning, posting a gain of almost 200 per cent on no news.
The last communication from ABT was a new product update last Tuesday, including a “hand sanitiser for COVID-19”.
Also rising strongly was AI-tech platform Brainchip Holdings (ASX:BRN), which announced an agreement with the Europe-based Valeo Corporation to supply its neuro-scientific AI software for use in the development of autonomous vehicles and advanced driver-assistance systems.
And on the gold front, junior explorer Musgrave Minerals (ASX:MGV) rose to new all-time highs on the back of more ‘bonanza’ drilling results at its new ‘Starlight’ discovery in WA’s Murchison district.
SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks at 12pm on Tuesday June 9:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | % CHANGE | MARKET CAP |
|---|---|---|---|---|
| ALT | Analytica Ltd | 0.002 | -33.33% | $3.5M |
| VMG | Vdm Group | 0.001 | -33.33% | $10.4M |
| PCL | Pancontinental Oil&Gas | 0.001 | -33.33% | $8.1M |
| SBR | Sabre Resources Ltd | 0.003 | -25.00% | $2.6M |
| PPL | Pureprofile Ltd | 0.01 | -23.08% | $1.2M |
| NXE | New Energy Minerals | 0.007 | -22.22% | $1.2M |
| GBP | Global Petroleum | 0.012 | -20.00% | $2.4M |
| RAN | Range International | 0.009 | -18.18% | $3.3M |
| BCK | Brockman Mining Ltd | 0.023 | -17.86% | $259.8M |
| BLV | Blossomvale Holdings | 0.05 | -16.67% | $3.1M |
| ESE | Esense-Lab | 0.016 | -15.79% | $2.9M |
| AL8 | Alderan Resources | 0.14 | -15.15% | $29.0M |
| MSE | Metalsearch | 0.012 | -14.29% | $14.1M |
| RIM | Rimfire Pacific Mining NL | 0.006 | -14.29% | $9.5M |
| CZR | Coziron Resources Ltd | 0.012 | -14.29% | $28.6M |
| ENE | Enevis | 0.039 | -13.33% | $2.6M |
| FEL | Fe Ltd | 0.014 | -12.50% | $6.8M |
| EUC | European Cobalt | 0.037 | -11.90% | $29.7M |
| EN1 | Engage:BDR | 0.008 | -11.11% | $7.4M |
| EPM | Eclipse Metals Ltd | 0.008 | -11.11% | $11.3M |
