Lunchtime ASX small cap wrap: Who’s ascending to the throne today?
News
News
Fight fans were treated to a marquee heavyweight boxing match over the weekend, as the UK’s Tyson Fury took on dangerous knockout artist Deontay Wilder.
The battle was much-anticipated, after the two giants (Wilder weighed in at 104kg, while Fury was a mammoth 120kg) fought to an exciting draw in December 2018.
This time, Fury’s size and skill was too much for the American, as he overwhelmed Wilder to claim victory via technical knockout in the seventh round.
After entering the ring on a throne and putting on a brutal display of boxing power, the so-called “Gypsy King” then led the crowd in a rousing rendition of American Pie:
Tyson Fury really sang 'American Pie' after beating Deontay Wilder #WilderFury2 😂👑
(via @trboxing)pic.twitter.com/BZA6F8Pxjj
— ESPN (@espn) February 23, 2020
To markets, and staying with the boxing analogy local stocks suffered a similar fate to Wilder this morning.
The ASX200 got belted, slumping by 2.1 per cent to 6,988 points in midday trade, which puts it on track for the worst intra-day fall since August last year.
It wasn’t any better at the smaller end of town, as the Small Ords index fell 1.9 per cent to 3,010 points.
The selloff followed an ugly session for US stocks to end the week on Friday night, as markets continue to assess the economic fallout from ongoing contagion fears surrounding the coronavirus.
Here are the best performing ASX small cap stocks at 12pm Monday February 24:
Swipe or scroll to reveal the full table. Click headings to sort.
CODE | NAME | PRICE | % CHANGE | MARKET CAP |
---|---|---|---|---|
AME | ALTO METALS LTD | 0.062 | 72% | $18.5M |
MDI | MIDDLE ISLAND RESOURCES LTD | 0.0105 | 50% | $18.5M |
MLS | METALS AUSTRALIA LTD | 0.0015 | 50% | $4.8M |
PCL | PANCONTINENTAL OIL AND GAS LTD | 0.0015 | 50% | $8.1M |
KEY | KEY PETROLEUM LTD | 0.006 | 50% | $10.3M |
CVV | CARAVEL MINERALS LTD | 0.04 | 33% | $7.9M |
NTI | NEUROTECH INTERNATIONAL LTD | 0.009 | 29% | $1.2M |
KRR | KING RIVER RESOURCES LTD | 0.038 | 27% | $47.4M |
REZ | RESOURCES AND ENERGY GROUP LTD | 0.019 | 27% | $7.4M |
PGM | PLATINA RESOURCES LTD | 0.028 | 22% | $8.8M |
S2R | S2 RESOURCES LTD | 0.12 | 20% | $29.7M |
GNM | GREAT NORTHERN MINERALS LTD | 0.006 | 20% | $2.1M |
POD | PODIUM MINERALS LTD | 0.044 | 19% | $7.0M |
TYM | TYMLEX GROUP LTD | 0.032 | 19% | $4.7M |
IDZ | INDOOR SKYDIVING AUSTRALIA LTD | 0.007 | 17% | $2.4M |
AZI | ALTA ZINC LTD | 0.007 | 17% | $15.4M |
OAR | OAKDALE RESOURCES LTD | 0.0035 | 17% | $2.0M |
FRN | FRASER RANGE METALS GROUP LTD | 0.028 | 17% | $8.6M |
AUT | AUTECO MINERALS LTD | 0.042 | 17% | $47.3M |
QEM | QEM LTD | 0.087 | 16% | $8.7M |
IPT | IMPACT MINERALS LTD | 0.015 | 15% | $19.8M |
The gold explorer rose strongly after announcing it received a takeover offer from the Shandong Goldsea Group on Friday night priced at 6.5c per share.
The company said the offer remained conditional and advised shareholders to take no action until the board had considered it in further detail.
Here are the worst performing ASX small cap stocks at 12pm Monday February 24:
Swipe or scroll to reveal the full table. Click headings to sort.
CODE | NAME | PRICE | % CHANGE | MARKET CAP |
---|---|---|---|---|
DHR | DARK HORSE RESOURCES LTD | 0.002 | -33% | $4.9M |
ELT | ELEMENTOS LTD | 0.002 | -33% | $5.1M |
VPR | VOLT POWER GROUP LTD | 0.001 | -33% | $9.0M |
CCE | CARNEGIE CLEAN ENERGY LTD | 0.001 | -33% | $11.1M |
CDT | CASTLE MINERALS LTD | 0.007 | -22% | $1.7M |
CNJ | CONICO LTD | 0.007 | -22% | $2.7M |
CV1 | CV CHECK LTD | 0.095 | -21% | $30.7M |
RHT | RESONANCE HEALTH LTD | 0.16 | -20% | $68.9M |
FPL | FREMONT PETROLEUM CORP LTD | 0.004 | -20% | $6.7M |
MCT | METALICITY LTD | 0.004 | -20% | $2.9M |
AD8 | AUDINATE GROUP LTD | 6.09 | -20% | $413.9M |
FRX | FLEXIROAM LTD | 0.03 | -19% | $9.2M |
NOX | NOXOPHARM LTD | 0.25 | -18% | $43.2M |
JXT | JAXSTA LTD | 0.079 | -17% | $19.5M |
DRE | DREADNOUGHT RESOURCES LTD | 0.005 | -17% | $8.8M |
LNY | LANEWAY RESOURCES LTD | 0.005 | -17% | $18.6M |
FTT | FACTOR THERAPEUTICS LTD | 0.0025 | -17% | $2.6M |
ALG | ARDENT LEISURE GRROUP LTD | 1.19 | -15% | $580.4M |
AIS | AERIS RESOURCES LTD | 0.05 | -15% | $22.8M |