Lunchtime ASX small cap wrap: Who’s breaking a record or two today?
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It was a good weekend for the cricket lovers, as Australia’s batting lineup continued to plunder Pakistan’s beleaguered bowling attack in the second test match in Adelaide.
Leading the charge was David Warner, who continued his redemption tour after a cheating scandal and a rough Ashes tour of England.
Warner notched up a casual 335 not out in the first innings, eclipsing Don Bradman’s record high Adelaide score of 299 not out. And he was pretty happy about it:
History made! 😎#AUSvPAK | https://t.co/0QSefkJERk pic.twitter.com/SR2EjqKQrf
— cricket.com.au (@cricketcomau) November 30, 2019
His final score also beat out The Don’s own record high of 334 by one run.
There were no records on local markets, although the ASX pushed back towards its recent all-time highs to reach 6,882 points at lunchtime, a gain of 0.52 per cent. The ASX Small Ords was 0.45 per cent higher at 2,928 points.
A number of resources minnows ticked higher in morning trade, including Enterprise Metals (ASX:ENT) which had its annual general meeting on Friday.
The company also provided an update on its joint venture gold project in Murchison, WA with Evolution Mining Ltd (ASX:EVN). Investors responded positively to start the week, sending the stock almost 40 per cent higher in morning trade.
And shares in Broken Hill Prospecting (ASX:BPL) also jumped after announcing the results from an independent expert’s determination, in respect of its dispute regarding the Thackaringa joint venture with Cobalt Blue Holdings (ASX:COB).
The expert determined that Broken Hill, which holds a 30 per cent share of the JV, should retain all its base and precious metal rights, along with a 2 per cent royalty on all future production.
Here are the best performing ASX small cap stocks at 12pm Monday December 2:
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Code | Name | Price | % Chg | Market Cap |
---|---|---|---|---|
ARO | Astro Resources NL | 0.002 | +100.00% | $2.5M |
QFY | Quantify Technology Holdings Ltd | 0.0065 | +62.50% | $9.7M |
VIC | Victory Mines Ltd | 0.0015 | +50.00% | $4.4M |
ENT | Enterprise Metals Ltd | 0.013 | +44.44% | $5.9M |
AVE | Avecho Biotechnology Ltd | 0.004 | +33.33% | $6.3M |
PWN | Parkway Minerals NL | 0.008 | +33.33% | $9.8M |
IKW | Ikwezi Mining Ltd | 0.004 | +33.33% | $16.3M |
MSR | Manas Resources Ltd | 0.0025 | +25.00% | $6.6M |
CTO | Citigold Corp Ltd | 0.005 | +25.00% | $12.0M |
MCT | Metalicity Ltd | 0.005 | +25.00% | $3.6M |
BPL | Broken Hill Prospecting Ltd | 0.03 | +23.81% | $4.3M |
IVX | Invion Ltd | 0.02 | +21.43% | $93.5M |
RMX | Red Mountain Mining Ltd | 0.007 | +16.67% | $5.9M |
AZI | Alta Zinc Ltd | 0.007 | +16.67% | $17.4M |
BAT | Battery Minerals Ltd | 0.007 | +16.67% | $9.2M |
IPT | Impact Minerals Ltd | 0.007 | +16.67% | $9.3M |
MHC | Manhattan Corp Ltd | 0.007 | +16.67% | $5.2M |
JRL | Jindalee Resources Ltd | 0.29 | +15.69% | $11.4M |
NOX | Noxopharm Ltd | 0.38 | +15.38% | $47.3M |
Pot stock Creso Pharma (ASX:CPH) was among the losers, after rejoining the ASX boards and announcing a $1.5m share placement to sophisticated investors. The company also provided a strategy update to the market, which appeared to leave investors off-put as the share price fell almost 30 per cent to 14.5c — below the placement issue price of 19.1c.
And China-focused tech player Fintech Chain (ASX:FTC) slumped after announcing that blockchain related revenue had fallen to zero. The company’s directors also flagged questions over the company’s ability to continue operating as a going concern.
Here are the worst performing ASX small cap stocks at 12pm Monday December 2:
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Code | Name | Price | % Chg | Market Cap |
---|---|---|---|---|
SYT | Syntonic Ltd | 0.001 | -50.00% | $3.5M |
APG | Austpac Resources NL | 0.002 | -33.33% | $5.8M |
CPH | Creso Pharma Ltd | 0.14 | -30.00% | $22.7M |
FTC | FinTech Chain Ltd | 0.12 | -25.00% | $78.1M |
MRD | Mount Ridley Mines Ltd | 0.002 | -20.00% | $5.4M |
BMG | BMG Resources Ltd | 0.004 | -20.00% | $2.3M |
LML | Lincoln Minerals Ltd | 0.005 | -16.67% | $2.9M |
BCC | Beam Communications Holdings Ltd | 0.24 | -16.07% | $12.4M |
HOR | Horseshoe Metals Ltd | 0.012 | -14.29% | $2.3M |
RNU | Renascor Resources Ltd | 0.012 | -14.29% | $13.9M |
RDN | Raiden Resources Ltd | 0.006 | -14.29% | $2.6M |
DVL | DorsaVi Ltd | 0.03 | -13.33% | $5.3M |
PMY | Pacifico Minerals Ltd | 0.007 | -12.50% | $20.2M |
PDI | Predictive Discovery Ltd | 0.007 | -12.50% | $2.7M |
DRE | Dreadnought Resources Ltd | 0.007 | -12.50% | $12.0M |
NOR | Norwood Systems Ltd | 0.0035 | -12.50% | $7.6M |
KRM | Kingsrose Mining Ltd | 0.03 | -11.76% | $21.2M |
VLT | Vault Intelligence Ltd | 0.38 | -11.49% | $49.3M |
MTC | MetalsTech Ltd | 0.05 | -11.32% | $5.5M |