Skittish, volatile, topsy-turvy, not quite a blood bath, better than expected. There are lots of terms which could be used to describe the ASX as we close the week, and head for a hike or the polls for a Federal Election.

For the microcap Emerging Companies index, the colour was green today, finishing up 1.14%.

Across markets more broadly, the tech sector, which has faced heavy sell-offs in recent times, led the winners, up ~4.72%, followed by materials and consumer discretionary each up ~2%. The energy sector was the only sector in the red today, down 1.42%.

Friday’s gains came despite futures pointing to a fall on the local bourse early this morning after all three major US stock indexes the S&P 500, Dow Jones and Nasdaq fell again.

US investors continue to focus on the possibility of a faster Fed hike pace on the back of higher inflation.

The European markets dropped with London’s FTSE 100 closed down 1.8% on Thursday.

The Chinese market was supported by soaring momentum in the renewable energy sector, after the European Union overnight unveiled a new plan to accelerate the region’s green energy transition.

 

TODAY’S BIGGEST SMALL CAP WINNERS

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

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Code Company Last % Volume
BEZ Besragoldinc 0.08 60% 2,112,983
MYD Mydeal.Com.Au 1.005 56% 9,445,724
KEY KEY Petroleum 0.003 50% 117,930
DAF Discovery Alaska Ltd 0.065 44% 3,622,252
1AE Auroraenergymetals 0.375 36% 6,266,761
APS Allup Silica Ltd 0.16 28% 70,000
VEE Veem Ltd 0.565 26% 70,512
RMI Resource Mining Corp 0.115 25% 4,684,801
CTV Colortv Limited 0.01 25% 470,714
VPR Volt Power Group 0.0025 25% 535,354
LRD Lordresourceslimited 0.33 25% 395,153
AWJ Auric Mining 0.094 24% 100,270
EMS Eastern Metals 0.215 23% 512,907
PUR Pursuit Minerals 0.022 22% 7,621,623
SHE Stonehorse Energy Lt 0.022 22% 16,614,118
NOR Norwood Systems Ltd. 0.017 21% 320,000
3DP Pointerra Limited 0.265 20% 2,352,468
1AG Alterra Limited 0.018 20% 61,597
CRB Carbine Resources 0.024 20% 938,639
RR1 Reach Resources Ltd 0.006 20% 164,175
CHN Chalice Mining Ltd 6.86 20% 3,932,651
TOR Torque Met 0.25 19% 393,953
GED Golden Deeps 0.019 19% 50,062,980
ERD Eroad Limited 2.66 18% 12,302
ZLD Zelira Therapeutics 1.63 18% 25,192
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Coal junior Terracom (ASX:TER)  founder and executive chairman Craig Ransley reached out to Stockhead on Friday to explain a substantial block sale in the company.

Ransley said Thursday’s aftermarket block sale was a line of 29.1 million shares at 61 cents per share (the same as the closing price), equating to ~$17.8 million.

He said the block sale was Asian investor OCP Group, who were TerraCom’s primary bond holders and have been strong supporters of the company and management for over 7 years.

He said their bonds will be completely paid out as of next week as announced to the market.

“Their sale of equity was inline with their ordinary course of business activities , whereby they hold equity whilst being a debt holder then when their debt is extinguished they sell their equity position,” Ransley said.

“As Chairman I would like to thank them for their fantastic support over many years that has developed into a friendship.

“We wish them well with all their other investments and on a final note we would like to thank the loyal institutions/investors that bought the shares on market yesterday.”

Shares in Terracom are up ~14% today to 70 cents.

 

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 Last % Volume
1ST 1St Group Ltd 0.007 -30% 2,956,805
LAW Lawfinance Ltd 0.195 -20% 20,000
LNY Laneway Res Ltd 0.004 -20% 1,213,141
MBX Myfoodieboxlimited 0.13 -19% 37,693
NAE New Age Exploration 0.009 -18% 15,273,376
MCT Metalicity Limited 0.005 -17% 1,835,738
CT1 Constellation Tech 0.006 -14% 4,672,046
STP Step One Limited 0.31 -14% 1,052,592
GTI Gratifii 0.019 -14% 80,004
HFY Hubify Ltd 0.045 -13% 9,998
AVL Aust Vanadium Ltd 0.0495 -13% 102,140,425
ALM Alma Metals Ltd 0.02 -13% 158,637
DOC Doctor Care Anywhere 0.205 -13% 868,590
AUK Aumake Limited 0.007 -13% 100,000
AUR Auris Minerals Ltd 0.028 -13% 55,000
LNU Linius Tech Limited 0.007 -13% 2,398,459
MRD Mount Ridley Mines 0.007 -13% 2,164,682
HPP Health Plant Protein 0.11 -12% 224,540
SKS SKS Tech Group Ltd 0.15 -12% 100,000
UUL Ultima Utd Ltd 0.062 -11% 249,591
BTN Butn Limited 0.16 -11% 20,000
NNG Nexion Group 0.08 -11% 228,287
DDT DataDot Technology 0.008 -11% 175,000
SI6 SI6 Metals Limited 0.008 -11% 179,000
PGC Paragon Care Limited 0.325 -11% 1,296,102
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ANNOUNCEMENTS YOU MAY HAVE MISSED

Stockhead’s resident funny guy (but also very clever) Gregor Stronach has compiled a list of Friday’s announcements worth noting.

Intelligent Monitoring Group (ASX:IMB) says it’s made a play for Mammoth Technologies Group, swapping $4 million ($2 million in stock and $2 million in walking around money) for all the apples in the Mammoth barrel. Mammoth founder and CEO, Rob Hilton could also pocket $2 million in performance rights, provided the shareholders are cool with it.

The Company Formerly Known As Threat Protect will conduct an accelerated non-renounceable entitlement offer to raise approximately $10 million (before costs) to buy Mammoth, and add more things to its existing pile of Internet of Things.

Meanwhile, Emmerson Resources (ASX:ERM) has revealed that it’s whipped the hat around and raised a princely sum from its share purchase plan that concluded last week.

Existing eligible shareholders bold enough to ignore the market shaking like a cold, wet dog tipped $220,000 into the company’s coffers.

That, along with $5 million raised in the successful share placement announced in late April, will be spent on Emmerson’s drilling programs and exploration in NSW and the NT, and maybe some stuff for around the office as well.

 

TRADING HALTS

Openpay Group Ltd (ASX:OPY) –  trading halt, pending details of a capital raising

Australian Mines (AUZ: ASX)  –  trading halt, pending details of a capital raising

Ragusa Minerals (ASX: RAS) – trading halt, pending an announcement regarding a project acquisition

Intelligent Monitoring Group  (ASX:IMB) – trading halt, pending an announcement regarding a proposed capital raising by way of accelerated non-renounceable entitlement offer

Ragusa Minerals (ASX: RAS) – trading halt, pending an announcement regarding a project acquisition