A mildly perspiring Mark Zuckerberg gestures on stage with confidence. Pic: Getty.
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Could a growing advertising boycott hit the social media giants where it hurts?
In the battle against hate speech on social media platforms, large advertisers like Unilever, Starbucks, Coca Cola and Diageo have been pressured to halt advertising on Facebook, Twitter and Instagram.
Last year, Facebook alone made $US69.7bn ($101.2bn) in global ad revenue. News of the growing boycott was enough to wipe 8.3 per cent, or $US56bn, from its market cap on Friday.
Twitter and Snap were also down 7.4 per cent and 5.76 per cent, respectively.
A confluence of shitty news saw US share markets fall sharply on Friday.
Texas and Florida paused drinking at bars and Arizona was the latest to report a fresh surge in COVID-19 infections.
Bank shares plummeted when the US Federal Reserve capped dividends and banned buybacks until September.
And a Wall Street Journal story also indicated that the ‘Phase 1’ US-China trade deal could be at risk.
The local bourse has followed the US lower in morning trade, with the ASX200 Index down 1.1 per cent to 5,839.1 points at 12pm EST.
Here are the best performing ASX small cap stocks at 12pm on Monday June 29:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
|---|---|---|---|---|
| YOW | Yowie Group | 0.035 | 75.00% | $7.6M |
| ADV | Ardiden | 0.007 | 75.00% | $12.5M |
| AUT | Auteco Minerals | 0.14 | 75.00% | $187.0M |
| ICG | Inca Minerals | 0.002 | 50.00% | $4.1M |
| CDT | Castle Minerals | 0.012 | 50.00% | $3.3M |
| GLA | Gladiator Resources | 0.002 | 50.00% | $2.0M |
| MRR | Minrex Resources | 0.02 | 42.86% | $3.9M |
| WWI | West Wits Mining | 0.018 | 28.57% | $18.4M |
| GSN | Great Southern Mining | 0.125 | 26.26% | $49.0M |
| MOH | Moho Resources | 0.105 | 31.25% | $4.9M |
| MCT | Metalicity | 0.038 | 26.67% | $41.8M |
| HWK | Hawkstone Mining | 0.014 | 27.27% | $11.7M |
| AFR | African Energy Resources | 0.015 | 25.00% | $7.5M |
| ENX | Enegex | 0.02 | 25.00% | $1.6M |
| PNX | PNX Metals | 0.01 | 25.00% | $25.4M |
| CAV | Carnavale Resources | 0.0025 | 25.00% | $3.0M |
| SBR | Sabre Resources | 0.003 | 25.00% | $1.7M |
| DHR | Dark Horse Resources | 0.003 | 50.00% | $5.9M |
| CTM | Centaurus Metals | 0.42 | 25.37% | $113.8M |
| TAR | Taruga Minerals | 0.028 | 21.74% | $10.9M |
| VMT | Vmoto | 0.285 | 21.28% | $72.3M |
Junior gold stocks are killing it today.
Canada-based neighbours Ardiden (ASX:ADV) and Auteco (ASX:AUT) were up 75 per cent in morning trade, with the latter announcing a maiden high-grade resource of 830,000oz at 11.6 grams per tonne (g/t) gold from the Pickle Crow project.
Other goldies up on no (or minor) news include West Wits Mining (ASX:WWI), Great Southern Mining (ASX:GSN), Moho Resources (ASX:MOH), Hawkstone (ASX:HWK), and everyone’s new small cap favourite — Metalicity (ASX:MCT).
And shares in electric scooter manufacturer Vmoto (ASX:VMT) also got a boost this morning, after the company announced strong sales growth through to the end of May.
Here are the worst performing ASX small cap stocks at 12pm on Monday June 29:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
|---|---|---|---|---|
| XST | Xstate Resources | 0.001 | -50.00% | $2.9M |
| BAS | Bass Oil | 0.001 | -33.33% | $5.0M |
| PWN | Parkway Minerals | 0.002 | -33.33% | $13.7M |
| PNN | Pepinnini Minerals | 0.001 | -33.33% | $1.6M |
| AMB | Ambition Group | 0.021 | -30.00% | $1.4M |
| KMT | Kopore Metals | 0.007 | -26.32% | $4.5M |
| TSL | Titanium Sands | 0.051 | -25.00% | $61.0M |
| RXH | Rewardle Holdings | 0.003 | -25.00% | $1.6M |
| IXU | IXUP | 0.014 | -22.22% | $3.1M |
| GRV | Greenvale Energy | 0.031 | -20.51% | $3.6M |
| CAD | Caeneus Minerals | 0.004 | -20.00% | $10.4M |
| LAW | Lawfinance | 0.032 | -20.00% | $30.9M |
| BMG | BMG Resources | 0.004 | -20.00% | $2.7M |
| FPL | Fremont Petroleum | 0.004 | -20.00% | $8.4M |
| AZI | Alta Zinc | 0.004 | -20.00% | $8.8M |
| JXT | Jaxsta | 0.034 | -15.00% | $8.4M |
| SUD | Suda | 0.036 | -14.29% | $5.1M |
| SYA | Sayona Mining | 0.006 | -14.29% | $14.8M |
| DDD | 3D Resources | 0.003 | -14.29% | $11.6M |
| CSE | Copper Strike | 0.034 | -12.82% | $3.6M |
| FEX | Fenix Resources | 0.075 | -12.79% | $23.8M |
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