The ASX rose 0.48% today to reach its highest point in the week. While energy lost 2% most other sectors were in the green with tech and financials gaining over 1%.
Today’s gains came despite the Federal Reserve unveiling a tapering of stimulus, notwithstanding it promised to be patient on raising interest rates.
The ASX (ASX:ASX) revealed a whopping $20.3 billion in capital had been raised in October 2021, up 166% on 12 months ago. It also reported a 15% rise in the average number of trades and that the value of securities held in CHESS was 27% higher.
TODAY’S BIGGEST SMALL CAP WINNERS
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| NPM | Newpeak Metals | 0.0015 | 50 | 2482683 |
| OVT | Ovato Limited | 0.003 | 50 | 9 |
| TEM | Tempest Minerals | 0.032 | 33 | 40588064 |
| RLC | Reedy Lagoon Corp. | 0.042 | 27 | 31538500 |
| ASN | Anson Resources Ltd | 0.14 | 27 | 40372939 |
| POW | Protean Energy Ltd | 0.014 | 27 | 16097645 |
| LSR | Lodestar Minerals | 0.01 | 25 | 1600000 |
| XTC | Xantippe Res Ltd | 0.005 | 25 | 12121261 |
| TRL | Tanga Resources Ltd | 0.054 | 20 | 1911595 |
| BMN | Bannerman Energy Ltd | 0.36 | 20 | 11933610 |
| TDO | 3D Oil Limited | 0.06 | 20 | 472396 |
| ANL | Amani Gold Ltd | 0.003 | 20 | 13424027 |
| CCE | Carnegie Cln Energy | 0.003 | 20 | 3297699 |
| MRL | Mayur Resources Ltd | 0.255 | 19 | 154942 |
| ACB | A-Cap Energy Ltd | 0.16 | 19 | 7687960 |
| S66 | Star Combo | 0.32 | 19 | 3472 |
| ADV | Ardiden Ltd | 0.013 | 18 | 43297614 |
| MNS | Magnis Energy Tech | 0.62 | 18 | 35067494 |
| CHR | Charger Metals | 0.53 | 18 | 931800 |
| AR1 | Australresources | 0.205 | 17 | 9473037 |
| AFW | Applyflow Limited | 0.007 | 17 | 6009228 |
| AVH | Avita Medical | 5.13 | 16 | 1168596 |
| CNQ | Clean Teq Water | 0.885 | 16 | 409852 |
Cervantes (ASX:CVS) climbed after announcing it was buying a rare earths project in WA, just 20km east of the Yangibana project belonging to Hastings (ASX:HAS).
Goldie Ardiden (ASX:ADV) received the first tranche of a promised $9.2 million with local partner Green Technology Metals (GTM) to explore and potentially develop its non-core lithium assets in Ontario.
Star Combo Pharma (ASX:S66) won its largest contract ever, a $5m order to manufacture approximately 290 million bulk capsules by Q3 of FY22.
TODAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| 4DS | 4Ds Memory Limited | 0.063 | -52 | 99503694 |
| AKN | Auking Mining Ltd | 0.21 | -26 | 3032280 |
| NTL | New Talisman Gold | 0.002 | -20 | 199005 |
| DMP | Domino Pizza Enterpr | 116.12 | -18 | 1242778 |
| PGY | Pilot Energy Ltd | 0.062 | -17 | 20802229 |
| KOR | Korab Resources | 0.037 | -16 | 12965244 |
| GGX | Gas2Grid Limited | 0.003 | -14 | 115500 |
| KEY | KEY Petroleum | 0.003 | -14 | 6145016 |
| MRD | Mount Ridley Mines | 0.006 | -14 | 60582805 |
| ERW | Errawarra Resources | 0.255 | -14 | 106530 |
| PO3 | Purifloh Ltd | 1.2 | -13 | 29359 |
| PNM | Pacific Nickel Mines | 0.105 | -13 | 956967 |
| FRS | Forrestaniaresources | 0.44 | -12 | 2205866 |
| E25 | Element 25 Ltd | 1.29 | -12 | 2197203 |
| LRL | Labyrinth Resources | 0.038 | -12 | 1719511 |
| SPN | Sparc Tech Ltd | 1.26 | -12 | 886120 |
| FME | Future Metals NL | 0.155 | -11 | 2991662 |
| DLM | Dominion Minerals | 0.086 | -11 | 4104315 |
| EQE | Equus Mining Ltd | 0.008 | -11 | 1903723 |
| EVE | EVE Investments Ltd | 0.004 | -11 | 9455164 |
| MBK | Metal Bank Ltd | 0.008 | -11 | 379339 |
| RIM | Rimfire Pacific | 0.008 | -11 | 2176227 |
Semiconductor company 4DS Memory (ASX:4DS) plunged off the back of testing results from its Third Non-Platform Lot and Second Platform Lot wafers.
Dominos (ASX:DMP) fell after warning shareholders to brace for energy price and food cost increases to hit its earnings.
ANNOUNCEMENTS YOU MAY HAVE MISSED
New Zealand fuel distributor Z Energy (ASX:ZEL) announced earnings of $114 million for the 6 months to September 30 – up 20% from the prior corresponding period. However it reported volume and margin declines in the last two months of the half year because of the New Zealand lockdown as well as the rise in oil prices.
Critical Resources (ASX:CRR) updated its shareholders on its proposed drilling campaign at its Halls Peak project. The company told shareholders contractor DRC is due to arrive in the third week of November and the company’s board completed a site visit to confirm drill sequencing and logistics for the program.
Smartwatch company Spacetalk (ASX:SPA) unveiled its latest distribution agreement, this time with Big W. The pair will launch it initially in 50 Big W stores later this month.
Silk Logistics (ASX:SLH), a “port to door” logistics company which only listed in July, announced it entered into an agreement to buy an site in Sydney to consolidate and expand its warehouse operations. The site at Kemps’ Creek is 11 hectares and will cost $58 million all up.
Acrow Formwork and Construction Services (ASX:ACF) upgraded its FY2 guidance in light of a solid month in October. The company expects revenues to be between $130-$135 million and a profit between $13.8 million and $14.5 million with the latter figure between 59 and 67% higher than FY21.
Valor Resources (ASX:VAL) received assay results for another 137 surface samples at its Picha project in Peru. The company said they confirmed the potential of the area and was now preparing to drill the identified targets.
Cazaly Resources (ASX:CAZ) started initial field work at its Ashburton project in Western Australia. It is planning a total of 640 soil samples and 590 stream sediment samples.
Credit Intelligence (ASX:CI1) told shareholders its debt solutions firm ChapterTwo had seen a strong rebound in performance in the September quarter. Executive chairman Jimmie Wong revealed its revenues rose 170% to $400,000.
TRADING HALTS
Friday
Emu (ASX:EMU) – capital raising
Fiji Kava (ASX:FIJ) – acquisition
E&P Financial (ASX:EP1) – legal proceedings
Monday
Amplia Therapeutics (ASX:ATX) – capital raising
Hiremii (ASX:HMI) – acquisition
Aurora Labs (ASX:A3D) – capital raising
Strickland Metals (ASX:STK) – capital raising