The ASX started the week lower as a result of a drop in the energy and financial sectors.

Energy shares fell by over 3%, as surging cases of the Omicron variant raised fears that new restrictions may hit fuel demand.

Financials meanwhile were dragged lower by Magellan (ASX:MFG) which confirmed it had lost its mandate with St James’s Place, which accounts for 12% of its current annual revenues.

The ASX 200 meanwhile only lost 0.16%, closing at 7,292 and there were some positive sectors – the best being healthcare which gained 0.83%.

 

TODAY’S BIGGEST SMALL CAP WINNERS

(Stocks highlighted in yellow rose after making announcements during the trading day).

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Code Company Price % Volume
YPB YPB Group Ltd 0.003 50 7650000
AS1 Angel Seafood 0.18 44 4089587
HUM Humm Group Limited 0.91 23 14543136
CGB Cann Global Limited 0.003 20 3807116
DDT DataDot Technology 0.012 20 2450151
GTG Genetic Technologies 0.006 20 1113411
MEB Medibio Limited 0.006 20 296436
TMS Tennant Minerals Ltd 0.041 17 14165155
PVE Po Valley Energy Ltd 0.029 16 1388
TRN Torrens Mining 0.19 15 1088963
OFX OFX Group Ltd 2.15 15 1550055
AVR Anteris Technologies 10.22 15 106231
BDC Bardoc Gold Ltd 0.47 15 5081470
ROG Red Sky Energy. 0.008 14 10510770
14D 1414 Degrees Limited 0.12 14 348905
CD2 Cd Private Equity II 2 14 94999
GMR Golden Rim Resources 0.13 13 3115096
KCC Kincora Copper 0.135 13 215611
PRM Prominence Energy 0.009 13 1344193
VBC Verbrec Limited 0.15 11 40000
AQX Alice Queen Ltd 0.01 11 1397695
ZAG Zuleika Gold Ltd 0.02 11 82558
1AD Adalta Limited 0.092 11 1266808
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In the small cap space, takeovers reigned supreme today. Angel Seafood (ASX:AS1) rose with a binding takeover bid while Humm (ASX:HUM) rose after telling shareholders it received interest from potential suitors and OFX (ASX:OFX) announced it was buying Firma – a Canadian forex provider.

In resources, Torrens Mining (ASX:TRN) rose off the back of a mineral resource estimate for the Emmie Bluff Copper-Cobalt deposit in South Australia, where it owns 30% of a joint venture with Coda Minerals (ASX:COD).

1414 Degrees (ASX:14d) entered into an MoU with Jemena subsidiary Ovida to explore partnering on the development of the Aurora Energy project.

 

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
CCE Carnegie Cln Energy 0.002 -33 5170322
MFG Magellan Fin Grp Ltd 19.7 -33 8498924
ALT Analytica Limited 0.0015 -25 500000
ANL Amani Gold Ltd 0.0015 -25 39346251
BAS Bass Oil Ltd 0.0015 -25 1278498
OEX Oilex Ltd 0.003 -25 6464002
RC1 Redcastle Resources 0.018 -21 7824113
NCR Nucoal Resources Ltd 0.008 -20 3121567
MSI Multistack Internat. 0.04 -18 17500
ECT Env Clean Tech Ltd. 0.037 -18 21586166
RTG RTG Mining Inc. 0.1 -17 670133
DLC Delecta Limited 0.01 -17 14887306
ESH Esports Mogul Ltd 0.005 -17 8437874
LCT Living Cell Tech. 0.005 -17 1071130
AYT Austin Metals Ltd 0.026 -16 665446
UBN Urbanise.Com Ltd 0.85 -15 462069
CXX Cradle Resources Ltd 0.04 -15 3540999
TAS Tasman Resources Ltd 0.023 -15 3276648
BNO Bionomics Limited 0.115 -15 735161
ADY Admiralty Resources. 0.012 -14 46002
DDD 3D Resources Limited 0.003 -14 5526416
TYX Tyranna Res Ltd 0.006 -14 8800
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After ~2 years suspended, software company Transendence Technologies (ASX:TTL) relisted as a gold exploration company called Redcastle Resources (ASX:RC1) and fell sharply upon commencement of trade.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Greenland Minerals (ASX:GGG) told shareholders it was losing hope that it would be able to pursue its Kvanefjeld project, in light of the country’s ban on uranium exploration. The company, which has $31.6 million in cash, said it has begun a strategic review in which it would consider new opportunities in technology metals.

Lumos Diagnostics (ASX:LDX) reported its initial orders, worth US$250,000, for its rapid antigen COVID-19 test in Canada. The company expects to ship the first orders this month and expects demand to grow in 2022.

Fuel supplier Viva Energy (ASX:VEA) told shareholders it expects earnings for 2021 to come in between $470 million and $490 million. This is up 96% from 2020 and comes despite fuel sales volume only rising 6%.

Global Oil and Gas (ASX:GLV) had its Environment Plan to manage activities at its Sasaof-1 exploration well, off the coast of Western Australia, accepted. Drilling is scheduled to commence in March/April 2022 following the relocation of a nearby rig.

Cazaly Resources (ASX:CAZ) and Woomera Mining (ASX:WML) announced the return of nickel-copper mineralisation at the Mt Venn project with assays up to 22m at 0.19% & 0.28% copper. The company says it is planning follow up drilling in the March quarter of 2022.

Iris Metals (ASX:IR1) also gave its shareholders an exploration update noting an air-core drill program was successfully complete. Although assay results are expected in the next quarter the company said it’s hopeful of positive results given that its next program will be more comprehensive than its first forecast due to improved rig efficiency.

TRADING HALTS

Tuesday

Mamba Exploration (ASX:M24) – drilling update
Coda Minerals (ASX:COD) – Mineral Resource Estimate
Torrens Mining (ASX:TRN) – Mineral Resource Estimate
Pantera Minerals (ASX:PFE) – asset acquisition
Sacgasco (ASX:SGC) – asset disposal and farm out agreement

Wednesday

Midas Minerals (ASX:MM1) – exploration results