Closing Bell: Winsome wins some 57% and then self-halts trade; All else is flat in the shadow of the FOMC

Pic: Jose Francisco Arias Fernandez / EyeEm

ASX 200 limps home with 0.1% gain

Small cap index drags itself almost to close flat

WR1 cops speeding ticket after 57% surge

On Wall Street, the S&P 500 lost 0.5%, Dow Jones Industrial Average slipped 0.2 %.and the Nasdaq Composite Index fell by near 1% as angst ridden traders ummed and ahhed their way through another night in the shadow of The Fed.

Our market’s done pretty well in their stead, although as I write with some 40 mins left to play both the small cap (XEC) index and the benchmark are being overwhelmed by the volatility messing around with the major US futures, neither markets really looking resolved ahead of the headline FOMC decision early Thursday morning Australian time.

In the states, the Federal Reserve is widely thought t be looking at another 75 basis point splurge. Markets are certainly bracing for what would be the 4th straight such hike in a row

At 3.25PM Sydney time, the Emerging Companies Index is flat and distracted, the ASX 200 is tired and of a most horizontal disposition.

Following an ordinary Tuesday the lead sectors today are the Energy, Materials and Consumer Discretionary names.

Comms stocks are doing well again, and some of the tech names.

Should this wastrel of a local share market manage to hold onto its nerve, we’d be looking at an unlikely 3rd straight day of gains and 7th positive close out of the last 8 days of trade. It’s not a record, but in these dark times, it’s certainly a cassette tape, if not a CD.

And yes. The banks are raising after the central bank made its 25bps move on Tuesday at 2.30pm in Hobart.

The NAB this morning and a few. minutes ago, Commonwealth Bank says its home loan variable interest rates will rise by 0.25% from November 11, in lock step with the thinkers behind Governor Dr P. Lowe

CBA is also bumping up a few term deposits. The 12-month by 0.40% to 3.75%. The 18-month to 4%, from November 7.

ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

CODE	COMPANY	PRICE	% TODAY	VOLUME	MARKET CAP
WR1	Winsome Resources	0.815	57%	19,492,261	$70,259,277
ARE	Argonaut Resources	0.0015	50%	30,206,946	$5,428,538
FDR	Finder	0.14	40%	2,798,964	$7,500,000
A11	Atlantic Lithium	0.935	33%	6,207,082	$427,047,870
MRL	Mayur Resources Ltd	0.195	26%	2,915,231	$37,573,267
RCR	Rincon	0.14	22%	768,618	$6,337,964
FRS	Forrestaniaresources	0.24	22%	470,878	$9,957,914
AEV	Avenira Limited	0.017	21%	22,485,940	$17,042,692
DCN	Dacian Gold Ltd	0.17	21%	3,297,630	$170,352,131
TOY	Toys R Us	0.047	21%	1,332,803	$33,660,380
AQX	Alice Queen Ltd	0.003	20%	3,926,842	$5,500,625
EMU	EMU NL	0.006	20%	6,000,000	$3,436,341
TD1	Tali Digital Limited	0.003	20%	200,000	$3,081,576
QXR	Qx Resources Limited	0.077	18%	23,357,903	$57,321,051
SRZ	Stellar Resources	0.013	18%	2,002,803	$11,050,940
BKG	Booktopia Group	0.235	18%	41,350	$27,471,860
OLH	Oldfields Holdings	0.076	17%	4,045	$10,900,924
VMC	Venus Metals Cor Ltd	0.175	17%	325,018	$24,011,802
AOA	Ausmon Resorces	0.007	17%	1,428,856	$5,143,736
EMT	Emetals Limited	0.014	17%	1,525,000	$10,200,000
MCT	Metalicity Limited	0.0035	17%	207,868	$10,476,118
HTA	Hutchison	0.071	16%	54,956	$827,923,023
ENX	Enegex Limited	0.029	16%	150,000	$4,222,900
AJL	AJ Lucas Group	0.037	16%	2,219,583	$44,023,348

Recently listed Atlantic Lithium (ASX:A11) is all over high grade lithium at the advanced 30.1Mt at 1.26% Ewoyaa project in Ghana, West Africa.

Winsome (ASX:WR1) has clarified the recent excitement and confusion regarding a 160m pegmatite intersection below the recently discovered and well mineralised Jamar outcrop at the Adina Lithium Project in Quebec, Canada.

Trade was paused after it became clear that there was something amiss. Winsome then produced another statement retracting this.

Then overnight, Winsome put out another announcement, this time including some tables that it was supposed to have included right from the beginning of this story, which made investors happy again – and this morning, WR1 rose in price by 41.3%.

NOW… (the latest, latest) WR1 is back in self-imposed trading halt pending the company’s response to an ASX price query.

The halt will last until the earlier of the start of normal trading on November 4 or when the announcement is released to the market.

Winsome shares were 57% this arvo, ahead of the self-halt.

Finder Energy Holdings (ASX:FDR), up 25% today on no news, but most likely off the back of recent movements in prices across the energy markets.

And Cosmos Exploration (ASX:C1X) has been bumped up 17.8% today on news that it has spotted significant rare earth potential at the Byro East Ni-Cu-PGE Project in WA, after a review of surface soil geochemistry has returned values of up to 1,283ppm from a total of five rare elements (TREO5) plus yttrium in clay-rich soils.

ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

CODE	COMPANY	PRICE	% TODAY	Volume	MktCap
TTA	TTA Holdings Ltd	0.015	-46%	9,575	$3,847,855
CT1	Constellation Tech	0.003	-25%	172,414	$5,884,801
NZS	New Zealand Coastal	0.003	-25%	1,096,531	$4,508,020
M8S	M8 Sustainable	0.007	-22%	142,000	$4,418,176
HIQ	Hitiq Limited	0.032	-22%	274,966	$4,639,404
ADR	Adherium Ltd	0.004	-20%	8,308,016	$23,875,978
KFE	Kogi Iron Ltd	0.004	-20%	200,000	$8,160,389
MTB	Mount Burgess Mining	0.004	-20%	4,486,421	$4,295,856
RBD	Restaurant Brands NZ	8.74	-19%	140	$1,344,896,878
CL8	Carly Holdings Ltd	0.025	-17%	304,799	$3,489,659
CAV	Carnavale Resources	0.005	-17%	779,708	$16,401,310
SHG	Singular Health	0.105	-16%	95,819	$8,161,134
FFT	Future First Tech	0.027	-16%	13,617	$21,751,194
HPC	Thehydration	0.14	-15%	362,203	$23,736,217
SIX	Sprintex Ltd	0.02	-15%	164,203	$5,977,327
CLZ	Classic Min Ltd	0.012	-14%	27,001,574	$6,292,448
CTO	Citigold Corp Ltd	0.006	-14%	146,909	$19,835,614
AZS	Azure Minerals	0.255	-14%	1,950,099	$91,667,038
ALM	Alma Metals Ltd	0.01	-13%	138,435	$9,943,731
AL8	Alderan Resource Ltd	0.007	-13%	8,019,340	$4,626,129
GNM	Great Northern	0.0035	-13%	492,017	$6,836,204
RXH	Rewardle Holding Ltd	0.014	-13%	159,028	$8,421,144
HAR	Haranga Resources	0.14	-13%	116,000	$6,690,243
LGP	Little Green Pharma	0.21	-13%	769,345	$57,820,985
ERG	Eneco Refresh Ltd	0.021	-13%	51,006	$6,536,600

A FEW YOU MAY’VE MISSED TODAY

Critical Minerals Group (ASX:CMG) says it’s has successfully completed its planned aircore drilling program at the flagship Lindfield Vanadium Project.

CMG’s completed a decent 860m drill all up, including 23 x aircore holes, 1 open hole and 3 water monitoring holes.

The drilling program is aimed to increase the geological confidence of the deposit with the ongoing goal of upgrading the resource.

The drill core is now being sent for assay testing and metallurgical test work.

Carbon Revolution Limited (ASX: CBR) might be in a pickle. The carbon-focused small cap says it’s been suspended from quotation immediately (under Listing Rule 17.2), pending the release of an announcement in response to ASX queries around its ‘Quarterly Activities and Appendix 4C Cash Flow Report’ released to the ASX on inauspicious 31 October.