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Here are the biggest small cap winners and losers in morning trade, but first – ever dreamt about leaving this busted-up planet for a new one?
NASA’s planet hunter satellite, TESS, has just discovered its very first Earth-sized “habitable-zone” world.
A planet’s habitable zone is the distance from its star/s where conditions may allow the presence of liquid water on the surface.
The planet, called TOI 700 d (catchy), is 20 per cent larger than Earth, orbits every 37 days and receives 86 per cent of the energy that the Sun provides Earth from its own star:
Which might not be a bad thing. Gold and oil prices are surging after Iran launched an attack early Wednesday morning on a military base in Iraq hosting American troops, escalating tensions in the Middle East.
In fact, gold has hit fresh highs of +$US1603/oz and counting in morning trade – an eyewatering $2341.40/oz in Australian dollar terms.
That’s the good news; the bad news is that these tensions are putting a dampener on markets in general, with the ASX200 and ASX Small Ord Indexes down 1.08 per cent and 0.76 per cent, respectively, in morning trade.
Here’s all your key small cap winners and losers in morning trade for Wednesday, January 8:
Genetic Technologies shares doubled this morning after the company confirmed the US launch date for its latest breast cancer test.
The company says the GeneType product will be released in the US commercially by the end of March.
It is soft launching the product in 20 centres in eight US states first, with a full commercial launch by the end of June.
The stock rose from 0.6c to 1.2c when the market opened, before falling back to 1c.
Gulf has secured a €52m ($84.5m) loan facility, which means it is now fully funded to complete the construction and commissioning of the first two smelters at Kupang Smelting Hub West Timor, Indonesia.
Construction is about 60 per cent complete, the company says, with ~$US13m and a further six to seven months’ work required to complete the first two smelting furnaces.
Gulf chairman Craig Munro says “we are now firmly on the road to becoming a leading global ultra-low carbon ferromanganese producer this year”.
Also up on no news was explorer Riedel Resources (ASX:RIE) – which is currently on the hunt for new projects – as well as gold-focused Citigold (ASX:CTO), Lodestar Minerals (ASX:LSR), Twenty Seven Co (ASX:TSC), and Laneway Resources (ASX:LNY).
NOW READ: Who made the gains? Here are December’s top 50 small cap miners and explorers
Here are the best performing ASX small cap stocks at 12pm Wednesday January 8:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Chg | Market Cap |
|---|---|---|---|---|
| CIO | Connected IO | 0.004 | +100.00% | $9.6M |
| LKE | Lake Resources | 0.05 | +54.55% | $27.0M |
| ADD | Adavale Resources | 0.03 | +52.63% | $4.6M |
| ANW | Aus Tin Mining | 0.0015 | +50.00% | $3.9M |
| LCY | Legacy Iron Ore | 0.003 | +50.00% | $10.3M |
| PCL | Pancontinental Oil & Gas | 0.002 | +33.33% | $10.8M |
| AUH | AustChina Holdings | 0.005 | +25.00% | $7.8M |
| BMG | BMG Resources | 0.005 | +25.00% | $2.9M |
| DTR | Dateline Resources | 0.0025 | +25.00% | $20.5M |
| TMX | Terrain Minerals | 0.005 | +25.00% | $3.6M |
| CP1 | CannPal Animal Therapeutics | 0.16 | +23.08% | $14.9M |
| ONE | Oneview Healthcare | 0.14 | +22.73% | $23.4M |
| RNX | Renegade Exploration | 0.003 | +20.00% | $2.1M |
| TSC | Twenty Seven Co | 0.012 | +20.00% | $13.4M |
| VR1 | Vection Technologies | 0.03 | +19.05% | $16.4M |
| AEE | Aura Energy | 0.007 | +16.67% | $11.4M |
| BAT | Battery Minerals | 0.007 | +16.67% | $9.2M |
| GME | GME Resources | 0.06 | +15.38% | $30.4M |
Here are the worst performing ASX small cap stocks at 12pm Wednesday January 8:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Chg | Market Cap |
|---|---|---|---|---|
| GSM | Golden State Mining | 0.04 | -38.81% | $1.5M |
| AWV | Anova Metals | 0.009 | -25.00% | $5.8M |
| FGO | Flamingo AI | 0.0015 | -25.00% | $1.7M |
| MRQ | MRG Metals | 0.02 | -17.39% | $21.5M |
| WCN | White Cliff Minerals | 0.005 | -16.67% | $2.4M |
| KEY | Key Petroleum | 0.005 | -16.67% | $10.3M |
| HWK | Hawkstone Mining | 0.005 | -16.67% | $4.1M |
| LML | Lincoln Minerals | 0.005 | -16.67% | $2.9M |
| CPH | Creso Pharma | 0.14 | -15.15% | $23.5M |
| DW8 | Digital Wine Ventures | 0.006 | -14.29% | $6.9M |
| DAU | Dampier Gold | 0.02 | -13.64% | $3.6M |
| SYA | Sayona Mining | 0.014 | -12.50% | $29.0M |
| JXT | Jaxsta | 0.14 | -12.12% | $33.6M |
| LI3 | Lithium Consolidated | 0.02 | -12.00% | $3.2M |
| WOA | Wide Open Agriculture | 0.12 | -11.54% | $8.1M |
| 2BE | Tubi Pty | 0.12 | -11.54% | $28.0M |
| ENT | Enterprise Metals | 0.008 | -11.11% | $3.3M |
| MBK | Metal Bank | 0.009 | -10.00% | $7.9M |
| RHT | Resonance Health | 0.24 | -9.62% | $102.7M |
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