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ASX Small Cap Lunchtime Wrap: Who’s losing faith today?
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A thrash metal musician doesn’t think Satan is “quite as cool as I used to” after meeting the Dark Lord during a hallucination-filled COVID-19 coma.
Metal band Death Angel was flying back to the US from a cancelled European tour when drummer Will Carroll started showing COVID-19 symptoms.
After testing positive, he spent 12 days in a medically induced coma. During this time he experienced some pretty disturbing visions which made him re-evaluate his love of Satan.
GQ calls it “visions of a Dante-like trip to Hell”. Carroll says he will still listen to satanic metal, but “I don’t think Satan’s quite as cool as I used to”. That’s why they say ‘never meet your heroes’.
In Markets…
Minutes from the latest US Fed Reserve meeting have emphasised that it will continue to do “whatever it takes” to “mitigate the damage to the economy” from the virus and support a robust recovery.
“The Fed’s baseline forecast is for a rapid rebound in GDP growth and large decline in the unemployment rate in H2 as economies and businesses start to reopen,” Kathy Bostjancic, chief US financial economist at Oxford Economics, says.
“That said, a complete recovery in the level of activity was not expected by year-end.”
US and European share markets closed firmer on Wednesday. The ASX continues its steady (ish) recovery from that late March crash in morning trade, up 0.31 per cent to 5,590.1 points by 11:30am EST.
SMALL CAP WINNERS
Here are the best performing ASX small cap stocks at 12pm on Thursday May 21:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
|---|---|---|---|---|
| IKW | Ikwezi Mining | 0.002 | 100.00% | $4.1M |
| AVW | Avira Resources | 0.002 | 100.00% | $1.1M |
| PCL | Pancontinental Oil&Gas | 0.002 | 100.00% | $8.1M |
| DCX | Discovex | 0.008 | 77.78% | $7.7M |
| DRO | DroneShield | 0.17 | 61.90% | $43.4M |
| CLZ | Classic Minerals | 0.002 | 50.00% | $8.2M |
| ROG | Red Sky Energy | 0.002 | 50.00% | $1.6M |
| ICG | Inca Minerals | 0.002 | 50.00% | $4.1M |
| OAR | Oakdale Resources | 0.003 | 50.00% | $1.4M |
| RNX | Renegade Exploration | 0.004 | 33.33% | $2.9M |
| MCT | Metalicity | 0.004 | 33.33% | $2.2M |
| HCD | Hydrocarbon Dynamics | 0.025 | 31.58% | $6.6M |
| PAK | Pacific American Coal | 0.013 | 30.00% | $1.8M |
| MWR | MGM Wireless | 0.135 | 28.57% | $14.9M |
| NWH | NRW Holdings | 2.05 | 24.24% | $883.2M |
| NAE | New Age Exploration | 0.005 | 25.00% | $4.4M |
| AEV | Avenira | 0.01 | 25.00% | $4.4M |
| SUP | Superior Resources | 0.005 | 25.00% | $6.6M |
| SIT | Site Group International | 0.037 | 23.33% | $29.8M |
| EM1 | Emerge Gaming | 0.012 | 20.00% | $7.9M |
DroneShield’s (ASX:DRO) DroneGun has been selected as the “preferred solution” by European Union police forces after a competitive tender, the company said today.
DroneGun is expected to be rolled out across a range of police units across European Union.
The agreement does not specify minimum purchase quantities, DroneShield says, but the company expects this deal to produce “material periodic sales over an extended period of time, with orders commencing this quarter”.
The stock was up +60 per cent in morning trade.
Building contractor NRW Holdings (ASX:NWH) posted record revenue of $1.6bn, and EBITDA of $177m in the 10 months to April.
The outlook is also good.
“Bidding activity is high and following the BGC acquisition the pipeline continues to improve given the likely acceleration of public infrastructure projects”, the company says.
WA gold explorer Metalicity (ASX:MCT) was also up 33 per cent after its entitlement offer and placement closed oversubscribed.
NOW WATCH: Gold Out West – The Explorers Part 2
SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks at 12pm on Thursday May 21:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
|---|---|---|---|---|
| CTO | Citigold Corporation | 0.004 | -20.00% | $9.7M |
| XTC | Xantippe Resources | 0.002 | -20.00% | $6.7M |
| SBR | Sabre Resources | 0.002 | -20.00% | $1.7M |
| AHL | Ahalife Holdings | 0.005 | -16.67% | $3.3M |
| HNR | Hannans Reward | 0.005 | -16.67% | $9.9M |
| MDI | Middle Island Resources | 0.01 | -16.67% | $17.7M |
| BIQ | BuildingIQ Inc | 0.005 | -16.67% | $1.9M |
| ALX | Atlas Pearls and Perfumes | 0.006 | -14.29% | $2.6M |
| KGL | KGL Resources | 0.15 | -11.76% | $46.8M |
| ENE | Enevis | 0.04 | -11.11% | $2.7M |
| MTH | Mithril Resources | 0.008 | -11.11% | $3.9M |
| SW1 | Swift Networks | 0.024 | -11.11% | $10.6M |
| GNM | Great Northern Minerals | 0.008 | -11.11% | $4.3M |
| CAF | Centrepoint Alliance | 0.081 | -10.99% | $11.8M |
| AOU | Auroch Minerals | 0.057 | -10.94% | $8.7M |
| RGL | Riversgold | 0.025 | -10.71% | $6.2M |
| BPL | Broken Hill Prospecting | 0.017 | -10.53% | $4.5M |
| AWV | Anova Metals | 0.018 | -10.00% | $22.5M |
| PGI | Panterra Gold | 0.045 | -10.00% | $8.6M |
| REE | Rarex | 0.037 | -9.76% | $11.6M |
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