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ASX Small Cap Lunch Wrap: Who’s keeping their heads above water today?
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The ASX has been a mixed bag at the halfway point, down by 0.13 per cent, with seven sectors dropping and four sectors rising.
The real estate sector was the highest gainer, while staples was the biggest decliner.
The tech sector managed to hold up, despite the broad-based selloff on NASDAQ overnight, where all the major US tech companies were sold down.
At the halfway point, the technology sector index is only down by 0.22 per cent.
Computershare (ASX:CPU) declined by 1.5 per cent, despite saying that it has completed the retail shortfall bookbuild, as part of its $835 million capital raise to buy the Wells Fargo Corporate Trust Services business.
Accent Group (ASX:AX1) pleased investors this morning, after announcing that it has purchased Glue Store for $13 million. Glue Store is an Australian youth apparel, shoe and accessory retailer with annual sales of around $90 million. The Accent share price rose by 7 per cent on the news.
Ecommerce retailer Kogan (ASX:KGN) has upset investors, and its shares slumped by more than 10 per cent this morning, after reporting that its EBITDA has declined by 24 per cent in the quarter.
AMP (ASX:AMP), meanwhile, has risen by 4 per cent after announcing that it will divest its AMP Capital’s private markets investment management business. This came a day after the wealth manager reported that AMP Capital’s asset under management declined by 1.7 per cent to $186.5 billion.
Winners
Here are the best performing ASX small cap stocks at 12pm Friday April 23rd:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume |
|---|---|---|---|---|
| BCK | Brockman Mining Ltd | 0.096 | 269 | 15481120 |
| LIO | Lion Energy Limited | 0.065 | 71 | 38362704 |
| CLZ | Classic Min Ltd | 0.0015 | 50 | 6374999 |
| CYQ | Cycliq Group Ltd | 0.0015 | 50 | 2500000 |
| POD | Podium Minerals | 0.345 | 25 | 1897297 |
| OAK | Oakridge | 0.0025 | 25 | 233867 |
| FGO | Fargo Enterprises | 0.006 | 20 | 1708212 |
| NWE | Norwest Energy NL | 0.006 | 20 | 9102972 |
| EWC | Energy World Corpor. | 0.115 | 19 | 1136939 |
| BUY | Bounty Oil & Gas NL | 0.021 | 17 | 5928444 |
| GBR | Greatbould Resources | 0.041 | 14 | 11407088 |
| GRV | Greenvale Mining Ltd | 0.255 | 13 | 1124247 |
| AL8 | Alderan Resource Ltd | 0.08 | 13 | 468936 |
| ENA | Ensurance Ltd | 0.036 | 13 | 90356 |
| BRL | Bathurst Res Ltd. | 0.39 | 11 | 52381 |
| EMP | Emperor Energy Ltd | 0.039 | 11 | 204540 |
| PKO | Peako Limited | 0.039 | 11 | 553010 |
| OPL | Opyl Limited | 0.2 | 11 | 149965 |
| BDC | Bardoc Gold Ltd | 0.08 | 11 | 6675852 |
| CAD | Caeneus Minerals | 0.01 | 11 | 2668505 |
| IVT | Inventis Limited | 0.01 | 11 | 129199 |
The small cap winners were mainly dominated by miners and energy companies today.
Pilbara focused iron ore stock Brockman Mining (ASX:BCK) almost quadrupled after forming a joint venture made possible after fulfilling its obligations under a farm-in agreement with Mineral Resources (ASX:MRL).
Lion Energy (ASX: LIO) almost doubled this morning after announcing that it will commit to explore opportunities in green hydrogen in Australia and to undertake studies into hydrogen production on Seram Island, Indonesia. The company will also be raising $2.8 million to pursue this strategy.
Energy World (ASX:EWC) continues to rise, after announcing that it has raised approximately $65 million at 8c a share two days ago. The company produces and sells power, and develops LNG gas.
Losers
Here are the worst performing ASX small cap stocks at 12pm Friday April 23rd:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| RAN | Range International | 0.019 | -17 | 9494625 | $ 10,381,543.21 |
| MLS | Metals Australia | 0.0025 | -17 | 8466643 | $ 12,681,564.14 |
| XTC | Xantippe Res Ltd | 0.0025 | -17 | 858667 | $ 12,223,693.21 |
| BAS | Bass Oil Ltd | 0.003 | -14 | 13000000 | $ 11,697,490.34 |
| LSR | Lodestar Minerals | 0.012 | -14 | 1139228 | $ 14,490,396.17 |
| YFZ | Youfoodz | 0.61 | -13 | 326218 | $ 94,855,964.94 |
| DTR | Dateline Resources | 0.0035 | -13 | 11980200 | $ 35,324,312.30 |
| ASO | Aston Minerals Ltd | 0.14 | -13 | 4129157 | $ 139,471,588.64 |
| TAS | Tasman Resources Ltd | 0.042 | -13 | 3498585 | $ 32,215,308.77 |
| CL8 | Carly Holdings Ltd | 0.079 | -12 | 28410 | $ 5,088,187.26 |
| KGN | Kogan.Com Ltd | 11.15 | -11 | 4443933 | $ 1,326,695,533.07 |
| ALT | Analytica Limited | 0.0045 | -10 | 3274778 | $ 17,598,061.66 |
| ARE | Argonaut Resources | 0.009 | -10 | 305600 | $ 29,128,714.49 |
| MRQ | Mrg Metals Limited | 0.009 | -10 | 60000 | $ 15,406,698.78 |
| NCR | Nucoal Resources Ltd | 0.009 | -10 | 111222 | $ 7,686,123.54 |
| TMK | Tamaska Oil Gas Ltd | 0.009 | -10 | 140000 | $ 9,400,000.00 |
| BCC | Beam Communications | 0.235 | -10 | 127658 | $ 19,513,767.52 |
| XAM | Xanadu Mines Ltd | 0.066 | -10 | 1175138 | $ 79,704,431.11 |
| PSC | Prospect Res Ltd | 0.145 | -9 | 3889605 | $ 53,134,459.36 |
| ADX | ADX Energy Ltd | 0.01 | -9 | 1554895 | $ 27,753,126.19 |
| EN1 | Engage:Bdr Limited | 0.005 | -9 | 150000 | $ 13,467,143.08 |
| TPD | Talon Petroleum Ltd | 0.01 | -9 | 4548911 | $ 65,675,934.78 |
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