Here’s your important small cap winners and losers to lunchtime, but first – Boris Johnson has punted a tractor through a polystyrene wall in this last minute ‘get Brexit done’ stunt.

Politics aside, ‘Bulldozer Boris’ needs to stay away from any high-powered farm equipment.

Or kids sport.

Yesterday, the US Fed Reserve left the all-important benchmark interest rate unchanged, citing a strong job market, and rising economic activity and household spending.

In short, mission accomplished, says Commsec. A record 11-year economic expansion continues with low unemployment and low inflation.

Looking ahead, Fed policymakers expect no change in interest rate settings over 2020.

Commsec believes the Australian Reserve Bank will be comforted by the US Federal Reserve decision.

“The world’s biggest economy is in good shape and doesn’t need slowing down or speeding up,” it says.

“The main uncertainty ahead is the proposed US tariff hike on $US160 billion ($232.5 billion) of Chinese goods. The tariff hike is scheduled for Sunday.

“The other event to watch is the UK election result on Friday.”

Which seems to be the news impacting local markets this morning, with the ASX 200 down 0.58 per cent to 6,714 points and the ASX Small Ords down 0.21 per cent to 2,856 points.

 

WINNERS

Things are going very nicely for personal lender and credit provider MoneyMe (ASX:MME), which listed on the ASX this morning.

The fintech is currently up ~30 per cent to $1.62 per share in morning trade.

It joins a number of fintechs that have listed in 2019, including Splitit (ASX:SPT)Sezzle (ASX:SZL) and Tyro Payments (ASX:TYR), which have all enjoyed stellar gains post-listing.

READ: IPO Watch — Profitable lender MoneyMe is the latest fintech to join the ASX

Other notable winners included Klaus Eckhof-backed Tanzanian gold producer Amani Gold (ASX:ANL) up 33 per cent, mining tech company Parkway Minerals (ASX:PWN) up 25 per cent, and US lithium play Anson Resources (ASX:ASN) up 15 per cent.

Here are the best performing ASX small cap stocks at 12pm Thursday December 12:

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Ticker Name Price % Chg Market Cap
GRV Greenvale Energy 0.02 +38.46% $1.7M
ANL Amani Gold 0.002 +33.33% $12.1M
ANW Aus Tin Mining 0.002 +33.33% $5.1M
KGM KalNorth Gold Mines 0.004 +33.33% $3.6M
NAE New Age Exploration 0.004 +33.33% $3.6M
MME MoneyMe 1.6 +27.80% $266.0M
SM8 Smart Marine Systems 0.06 +27.27% $18.2M
BAS Bass Oil 0.0025 +25.00% $8.4M
BMG BMG Resources 0.005 +25.00% $2.9M
PWN Parkway Minerals 0.01 +25.00% $12.2M
PG1 Pearl Global 0.11 +20.88% $6.0M
GNM Great Northern Minerals 0.012 +20.00% $4.2M
REF Reverse Corp 0.006 +20.00% $557K
WLD Wellard 0.05 +19.57% $29.2M
PNX PNX Metals 0.007 +16.67% $17.0M
ASN Anson Resources 0.03 +15.38% $18.0M
POD Podium Minerals 0.03 +14.29% $5.2M
SVA Simavita 0.03 +13.64% $10.4M
AUQ Alara Resources 0.02 +13.33% $10.7M
HLX Helix Resources 0.02 +13.33% $8.3M

 

LOSERS

Over the past four months Redbubble (ASX:RBL) shares have been on a tear – nearly hitting $2 – before a trading update dampened spirits this morning.

Redbubble, which serves independent artists, says the company’s marketplace was growing — but at only 2 per cent year-on-year which is “below expectations”.

That sent the stock plummeting 41 per cent (or 75c) in morning trade to $1.05 per share. Ouch.

Here are the worst performing ASX small cap stocks at 12pm Thursday December 12:

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Ticker Name Price % Chg Market Cap
RBL Redbubble 1.14 -36.74% $289.9M
VIC Victory Mines 0.001 -33.33% $3.0M
IKW Ikwezi Mining 0.002 -33.33% $8.1M
BPH BPH Energy 0.001 -33.33% $3.0M
FAR FAR 0.04 -22.22% $263.8M
XST XState Resources 0.002 -20.00% $2.9M
RFN Reffind 0.002 -20.00% $1.3M
CZN Corazon Mining 0.002 -20.00% $4.1M
WKT Walkabout Resources 0.19 -18.09% $63.5M
ADR Adherium 0.03 -17.14% $5.2M
SAU Southern Gold 0.14 -17.14% $12.8M
ROG Red Sky Energy 0.0025 -16.67% $4.1M
AEE Aura Energy 0.005 -16.67% $6.6M
BSM Bass Metals 0.006 -14.29% $16.9M
EPM Eclipse Uranium 0.0035 -12.50% $4.3M
DW8 Digital Wine Ventures 0.007 -12.50% $7.3M
TAP Tap Oil 0.14 -12.50% $59.6M
SCI Silver City Minerals 0.008 -11.11% $2.6M
OVL Oro Verde 0.008 -11.11% $16.0M
GLH Global Health 0.13 -10.34% $5.5M