HEAR IT FIRST WITH OUR DAILY NEWSLETTER



We don't spam. Learn more about our Privacy Policy

Here are the key ASX small cap winners and losers at lunch Wed Oct 17:

The ASX Small Ords index was up 1.1 per cent or 30 points to 2713 by 12.30pm AEST.

GOING UP

HIV fighter Biotron — which took investors on a wild rollercoaster ride Tuesday — again saw heavy trading today after locking in an underwriter for $4.7m worth of options it’s about to sell to raise money for the next two years.

Biotron put on the small cap spectacle of the year on Tuesday.

The stock (ASX:BIT) soared 70 per cent to 44.5c before plummeting back to 24.5c to close down 6 per cent.

Some $50 million worth of shares changed hands.

Today almost $10 million of trades took place by 11.40am AEST — pushing the shares back up as high as 33c. They were trading at 27.5c at 11.15am AEST.

Gold explorer NTM Gold was up nearly 17 per cent after reporting high-grades of gold from its Redcliffe project.

NTM (ASX:NTM) reached 3.5c today on gold hits of up to 8.68 grams per tonne (g/t). Anything above 5g/t is usually considered high-grade.

Gold explorers Alkane Resources and Calidus moved ahead this morning after Alkane made a $3.7m “strategic” investment at a premium in Pilbara-focused Calidus Resources.

The cash injection from Alkane (ASX:ALK) means Calidus (ASX:CAI) is now fully funded to complete the pre-feasibility study (PFS) on its Warrawoona project in the East Pilbara in Western Australia, boss Dave Reeves told investors this morning.

The news was well received with shares jumping over 15 per cent to an intra-day peak of 3c.

Alkane’s shares were also up, gaining 4.5 per cent to an intra-day high of 23c.

Alkane, which is also advancing a rare earths project in New South Wales towards production, has agreed to subscribe for 125 million shares at 2.95c each — a 13.5 per cent premium to Calidus’ closing share price on Tuesday.

Antisense Therapeutics (ASX:ANP) continued its run after telling the ASX yesterday that it had no idea why its shares were going up.

The stock was up 61 per cent to 8.7c at midday.

Here are the best performing ASX small cap stocks at 12.30pm Wed Oct 17:

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

ASX codeCompanyPrice change today (12.30pm)Price (12.30pm)VolumeMarket Cap
BDIBLINA MINERALS N10.0022M4.3M
SHHSHREE MINERALS L0.6470588235290.02848k8.0M
ANPANTISENSE THERAP0.6111111111110.087153M20.1M
ACLALCHEMIA0.5454545454550.0176M3.6M
WGLWANGLE TECHNOLOG0.50.003600k5.2M
S3RSERPENTINE TECHN0.50.0031M1.4M
QGLQUANTUM GRAPHITE0.50.003190k15.0M
MRDMOUNT RIDLEY MIN0.50.003700k3.8M
MOXMONAX MINING0.50.0032M1.8M
HCOHYLEA METALS0.50.003330k5.6M
RBRRBR GROUP0.4285714285710.0170k4.9M
SUDSUDA PHARMACEUTI0.40.0076M12.9M
CVTCOVATA0.3529411764710.023323k13.0M
TRLTANGA RESOURCES0.3333333333330.004225k2.2M
PGSPLANET GAS0.3333333333330.0041M1.6M
BASBASS OIL0.3333333333330.004363k7.8M
PAAPHARMAUST0.2653061224490.0624M9.8M
PPYPAPYRUS AUSTRALI0.250.0122k1.8M
AGEALLIGATOR ENERGY0.250.0057M4.0M
RACRACE ONCOLOGY0.2272727272730.135173k8.5M
EM1EMERGE GAMING0.2222222222220.0118M5.3M
AGDAUSTRAL GOLD0.2142857142860.0851k37.4M
MEBMEDIBIO0.2127659574470.057532k9.5M
AGSALLIANCE RESOURC0.2083333333330.145347k12.5M
VALVALOR RESOURCES0.20.006556k10.4M
SDLSUNDANCE RESOURC0.20.0065M46.1M
MTBMOUNT BURGESS0.20.006164k2.2M
IVOINVIGOR GROUP0.20.006805k7.5M
ALTANALYTICA0.20.006200k18.4M
HIPHIPO RESOURCES L0.20.018200k5.8M

 

GOING DOWN

Retailer The Reject Shop (ASX:TRS) plunged 44 per cent after warning investors of a profit drop in the December half.

The discount store said it was now only expecting to make between $10 and $11 million profit after sales in the first 15 weeks fell into negative territory.

The stock dropped to an intra-day low of $2.50 from $4.47 on Tuesday.

The Reject Shop previously said it expected to report an FY19 net profit after tax that was “consistent with last year of $17.7m”.

Despite strong marketing and merchandise plans, and in store execution, the extremely weak retail environment has seen sales deteriorate, with this deterioration accelerating markedly during September and early October, the company explained.

NuEnergy Gas (ASX:NGY) dropped 18 per cent to 3.1c this morning after failing to get the sale of a stake in its Indonesian coal bed methane explorer across the line.

In the past year, NuEnergy’s share price has slumped as much as 62 per cent — from a 52-week high of 7.1c to a low of 2.7c.

Sydney-based NuEnergy had previously agreed to sell of a percentage of subsidiary Dart Energy (Indonesia) to private player EPI Energy.

But today NuEnergy told investors the parties were “not able to reach a mutual agreement on the commercial terms”.

Here are the worst performing ASX small cap stocks at 12.30pm Wed Oct 17:

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

 

ASX codeCompanyPrice change today (12.30pm)Price (12.30pm)VolumeMarket Cap
LKOLAKES OIL NL-0.50.0012M45.4M
TRSREJECT SHOP-0.3422818791952.9451k129.2M
SBUSIBURAN RESOURCE-0.3333333333330.0021M2.1M
BKYBERKELEY ENERGIA-0.2872340425530.335706k121.5M
NVONVOI-0.250.006100k3.3M
LNYLANEWAY RESOURCE-0.250.003250k14.1M
ABVADVANCED BRAKING-0.250.0039M11.9M
DLCDELECTA-0.2222222222220.007400k5.8M
AULAUSTAR GOLD-0.20.0042M17.0M
NGYNUENERGY GAS-0.1842105263160.031430k56.3M
SWJSTONEWALL RESOUR-0.1818181818180.0099M34.8M
PSMPENINSULA MINES-0.1666666666670.005100k4.8M
PMYPACIFICO MINERAL-0.1666666666670.0052M7.6M
RDNRAIDEN RESOURCES-0.1538461538460.01150k5.3M
PNNPEPINNINI LITHIU-0.1428571428570.00611M4.5M
ADNANDROMEDA METALS-0.1428571428570.0066M7.6M
NESNELSON RESOURCES-0.1379310344830.1255k6.6M
CAPCARPENTARIA RESO-0.1363636363640.07689k18.8M
TV2TV2U INTERNATION-0.1250.0072M16.3M
MHCMANHATTAN CORP-0.1250.007289k5.9M
QTMQUANTUM ENERGY L-0.120.02290k27.5M
SRNSUREFIRE RESOURC-0.1111111111110.008111k3.8M
BYHBRYAH RESOURCES-0.110.08959k5.6M
ENRENCOUNTER RESOUR-0.1041666666670.0433k11.4M
JATJATENERGY-0.1014492753620.06233M44.3M
DAUDAMPIER GOLD-0.09090909090910.03257k5.5M
PPLPUREPROFILE-0.09090909090910.1166k13.3M
OSPOSPREY MEDIC-CDI-0.09090909090910.219k74.7M
IVRINVESTIGATOR RES-0.09090909090910.01100k8.1M
BNLBIG STAR ENERGY-0.09090909090910.01246k3.6M