Lunchtime ASX small cap wrap: Who’s calling all the right shots today?

It’s going to be a short work week so remember to stock up on essentials BEFORE Friday hits. Like booze or coffee.

In the running for ‘worst decision of 2019’ is Switzerland’s plan to stop stockpiling emergency coffee, which they’ve been doing for decades.

They currently have enough to satisfy about three months of domestic consumption right now – which is a lot.

Think Aussies are big coffee drinkers? In 2017, Switzerland’s 8.5 million people consumed around 9kg of coffee each, eclipsing our 3.3kg average.

The ASX Small Ords could do with a couple of quick shots. It was down 9.1 points or 0.30 per cent to 2,796.9 at about 12pm AEST. After a small drop in late March the index has recovered in April.

Here are the key ASX small cap winners and losers at lunch Monday, April 15:

GOING UP

After TinyBeans’ (ASX:TNY) announced a deal with toy behemoth Lego, investors were quick to bid the stock up 75 per cent to 70c in the opening minutes of Monday morning trading.

The details are lacking, but Tinybeans reckons the deal is bigger than a $200,000 marketing campaign it signed with a US life insurer in February.

Gut disease fighter Immuron (ASX:IMC)  flew after announcing a 66 per cent bump in sales for quarter compared to the same period last year.

The company, which makes an over-the-counter gastrointestinal and digestive health supplement, was up over 30 per cent to 28c in morning trade.

Here are the best performing ASX small cap stocks at 11.30 Monday, April 15:

Swipe or scroll to reveal the full table. Click headings to sort

GOING DOWN

Struggling data sharing company Shareroot (ASX:SRO) fell 50 per cent, with investors unimpressed by a new health-sector focussed business plan.

“At this point in time every dollar counts and we have to ensure we employ every cent toward generating revenue or generating value – no exceptions,” ShareRoot boss Michelle Gallaher says.

“We are under no illusions that it will take an enormous effort to deliver on the promise and achieve success for the company and our shareholders given recent challenges and changes in the business.”

Here are the worst performing ASX small cap stocks at 11.30 Monday, April 15:

Swipe or scroll to reveal the full table. Click headings to sort