Lunchtime ASX Small Cap Wrap: Who’s chasing a bargain today?
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Global financial markets remain skittish and manic. The Wall Street engine roared back to life yesterday following Monday’s historic falls, a global event which already has its own Wikipedia page.
US markets whipped around between positive and negative territory for much of the day before closing up an incredible 4.9 to 5 per cent, driven by ‘bargain-hunters’ and a potential stimulus package announced by US President Trump to boost the world’s #1 economy.
“Coming off yesterday, you’ve got short-term bargain-hunters coupled with potential fiscal stimulus hopes,” Horizon Investment Services chief exec Chuck Carlson said.
“It may be the biggest benefit is not actually what’s getting done – it’s that there appears to be a plan.
“There does appear to be a willingness to do something, and that’s probably what’s helping the market.”
Scroll down for today’s small cap winners and losers >>>
Chinese shares closed higher as new coronavirus cases in the mainland kept falling. German logistics firm Deutsche Post also jumped after saying it had started to see volumes in China recover from the impact of the coronavirus outbreak.
But an early recovery proved short-lived for share markets in Europe – the new epicentre of the COVID-19 outbreak.
The pan-European STOXX 600 dropped another 1.1 per cent on Tuesday, after Monday marked its worst day since the 2008 financial crisis.
The ASX has been just as lively. Yesterday, the bourse whipsawed between negative and positive territory, before finishing in the green. Early data suggests another volatile day, with the ASX200 currently down 1.9 per cent to 5,826.90 points and the small cap index down 1.88 per cent to 2,458.70 points.
Here are the best performing ASX small cap stocks at 12pm Wednesday March 11:
Swipe or scroll to reveal the full table. Click headings to sort.
TICKER NAME PRICE % CHANGE MARKET CAP [$AU] BAS Bass Oil 0.002 +100.00% 6.68M ICG Inca Minerals 0.002 +100.00% 8.1M QFY Quantify Technology 0.002 +100.00% 1.94M SVA Simavita 0.02 +70.00% 5.13M BMG BMG Resources 0.003 +50.00% 1.17M GTE Great Western Exploration 0.003 +50.00% 3.76M TPD Talon Petroleum 0.0015 +50.00% 1.78M TYX Tyranna Resources 0.003 +50.00% 2.11M GME GME Resources 0.06 +42.86% 21.3M NSB NeuroScientific Biopharmaceuticals 0.19 +39.29% 9.15M TZL TZ 0.08 +37.93% 5.32M AGE Alligator Energy 0.002 +33.33% 1.42M ARE Argonaut Resources 0.004 +33.33% 4.74M OLI Oliver's Real Food 0.09 +30.77% 16.3M TDY Thedocyard 0.17 +29.63% 7.78M ASN Anson Resources 0.03 +27.27% 13.2M EX1 Exopharm 0.27 +25.58% 12.9M IEC Intra Energy Corp 0.005 +25.00% 1.55M MDI Middle Island Resources 0.01 +25.00% 14.1M NVO NVOI 0.01 +25.00% 13.5M IPD ImpediMed 0.08 +25.00% 32.7M BD1 Bard1 Life Sciences 0.03 +22.73% 30.1M SWM Seven West Media 0.13 +22.73% 169.2M GAS State Gas 0.45 +21.62% 54.1M RLE Real Energy Corp 0.02 +21.43% 4.94M
Oliver’s Real Food (ASX:OLI) +30%
British retail franchisee EG Group has made a 10c-per-share offer for fast food retailer Oliver’s — a nearly 54 per cent premium over its last traded share price.
“After careful assessment, the board of Oliver’s has determined that engaging further with EG Group is in the best interests of shareholders,” the company says.
“Oliver’s is currently in advanced discussions with EG Group.”
Oliver’s shares hit record lows early last year but have steadily improved ever since, despite shedding over 30 per cent of its peak value in the last six weeks due to the COVID-19-inflicted market volatility.
Anson Resources (ASX:ASN) +28%
US lithium-bromine play Anson says dusty old drilling core retained by federal and state government agencies represents a cheap and easy way to upgrade resources at its Paradox brine project in Utah.
Anson has kicked off studies into a 15,000-tonne-per-annum (tpa) commercial bromine plant and a 700tpa lithium pilot plant for the first stage of the project.
This will be expanded to 60,000tpa bromine and 15,000tpa lithium in the second stage.
WATCH: 90 Seconds With… Bruce Richardson, Anson Resources
Also rebounding today were energy players Bass Oil (ASX:BAS), Talon Petroleum (ASX:TPD), State Gas (ASX:GAS), and Real Energy (ASX:RLE).
READ: COVID-19 could lead to an oil market shake up, bankruptcies
Here are the worst performing ASX small cap stocks at 12pm Wednesday March 11:
Swipe or scroll to reveal the full table. Click headings to sort.
TICKER | NAME | PRICE | % CHANGE | MARKET CAP [$AU] |
---|---|---|---|---|
RAP | Resapp Health | 0.07 | -56.47% | 123.4M |
TRL | Tanga Resources | 0.02 | -50.00% | 3.74M |
CD1 | Cordish Dixon Private Equity | 1.05 | -33.54% | 61.6M |
AYR | Alloy Resources | 0.001 | -33.33% | 2.09M |
SMD | Syndicated Metals | 0.003 | -25.00% | 3.75M |
CLZ | Classic Minerals | 0.0015 | -25.00% | 14.4M |
ANL | Amani Gold | 0.0015 | -25.00% | 6.14M |
CVV | Caravel Minerals | 0.03 | -25.00% | 7.1M |
GBR | Great Boulder Resources | 0.03 | -22.50% | 5.34M |
DTM | Dart Mining | 0.05 | -21.88% | 3.77M |
TMG | Trigg Mining | 0.05 | -20.34% | 2.73M |
PMY | Pacifico Minerals | 0.004 | -20.00% | 14.4M |
EPM | Eclipse Uranium | 0.004 | -20.00% | 6.18M |
CIO | Connected IO | 0.002 | -20.00% | 4.82M |
BNL | Big Star Energy | 0.004 | -20.00% | 3.67M |
HOT | HotCopper Holdings | 0.1 | -19.23% | 24.6M |
ATL | Apollo Tourism & Leisure | 0.23 | -18.18% | 49.3M |
LVH | LiveHire | 0.16 | -17.95% | 59M |
CLB | Candy Club Holdings | 0.05 | -16.67% | 11.7M |
MEP | Minotaur Exploration | 0.03 | -15.63% | 11.7M |
PWL | Powerwrap | 0.11 | -15.38% | 25.2M |