Lunchtime ASX small cap wrap: Who scored an own goal today?
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Here are the big movers among small cap stocks for today, February 28.
It was a relatively quiet morning on the local index, as the ASX Small Ords fell 4.5 points to 2,759.79 at 12pm AEST, a decline of 0.16 per cent.
Energy company Pancontinental Oil & Gas(ASX:PCL) doubled to 0.3 cents per share on high volumes as 32.5 million shares traded hands. The move wasn’t accompanied by any announcements.
Shares in PCL are down 80 per cent from their September 2018 high of 1.1 cents per share, when the company said it had discovered a large speculative oil deposit in the Namibian Sea.
In resources, Canada-focused coal miner Atrum Coal (ASX: ATU) was the standout, rising by more than 20 per cent in morning trade.
The company’s stock price more than doubled in February, after it gave an investor update on its fully-owned Elan South coking coal project in Alberta, Canada.
Here are the best performing ASX small cap stocks at 11.45am Thursday February 28:
Struggling miner Victory Mines (ASX: VIC) led falls this morning, as it returned to the ASX boards following a two and a half month ban. Shares in VIC were down 40 per cent at 0.3 cents on volumes of 16.1 million.
To get ASX approval for reinstatement, Victory Mines agreed to replace its entire board along with the company secretary. It’s now exploring avenues to raise capital, via both debt and equity.
Underwater drone manufacturer Aquabotix (ASX: UUV) was down by around 30 per cent, after the release of its annual report revealed a 79.3 per cent fall in operating revenues.
Here are the worst performing ASX small cap stocks at 11.45am Thursday February 28:
At least you’re not Kieran Trippier:
Absolutely clinical finishing from trippier pic.twitter.com/KEickcdbUM
— TheBoneman445 (@Boneman445) February 27, 2019