Lunchtime ASX small cap wrap: who’s cleaning up today
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Here are the key ASX small cap winners and losers at lunch Tuesday, November 27.
The ASX Small Ords was pretty steady, up around 4.7 points — or 0.2 per cent — to 2,528.2 at 12:40pm AEST.
Air purifier stock Purifloh (ASX:PO3) was up as much as 36 per cent today to $4.45 per share – an incredible 1,550 per cent increase over the last 12 months.
Purifloh’s killer run started earlier this month when American businessman Bill Parfet paid $2.40 for a stock that was going for about 50c.
Purifloh — which makes no revenue – has technology it wants to roll out in air purification, water sanitation, and medical sterilisation.
The Metal Bank (ASX:MBK) share price has bounced back from yearly lows, increasing 17 per cent to 1.4c after it announced the discovery of a 10km-wide mineralised system at its “8 Mile” gold project in Queensland.
Metal Bank managing director Tony Shcreck says the discovery has similar “preliminary technical indicators” to the 2 million-ounce Mt Rawdon gold mine, which is just 15km away.
Explorer Cohiba Minerals (ASX:CHK) released a scoping study on its “Pyramid Lake” gypsum project yesterday – today the share price bounced over 45 per cent to 0.8c.
Cohiba says the initial nine year project will cost about $1.2 million to build, which would be fully paid back in about two and a half years.
ASX Code | Name | Intraday price change | Price 12.15pm AEST Thu | Volume |
---|---|---|---|---|
CHK | COHIBA MINERALS LTD | 0.008 | 60 | 22653962 |
MLS | METALS AUSTRALIA LTD | 0.004 | 33.33333 | 760000 |
MAG | MAGMATIC RESOURCES LTD | 0.032 | 33.33333 | 100000 |
PO3 | PURIFLOH LTD | 4.35 | 31.81818 | 129855 |
CZR | COZIRON RESOURCES LTD | 0.014 | 27.27273 | 40000 |
GBZ | GBM RESOURCES LTD | 0.005 | 25 | 210000 |
PWN | PARKWAY MINERALS NL | 0.01 | 25 | 250000 |
AIS | AERIS RESOURCES LTD | 0.16 | 23.07692 | 632154 |
VRC | VOLT RESOURCES LTD | 0.024 | 20 | 577366 |
PNN | PEPINNINI LITHIUM LTD | 0.006 | 20 | 381200 |
Millennium Group (ASX:MIL) — which provides cleaning and security services to big shopping centres and government departments – plummeting almost 40 per cent today after downgrading its earnings guidance to potentially “break even” for FY19.
The stock is now worth a year-low 24c – a far cry from the $1.57 price seen about 12 months ago.
ASX Code | Name | Intraday price change | Price 12.15pm AEST Thu | Volume |
---|---|---|---|---|
LKO | LAKES OIL NL | 0.001 | -50 | 2780000 |
MIL | MILLENNIUM SERVICES GROUP LT | 0.235 | -40.50633 | 1200164 |
ODM | ODIN METALS LTD | 0.08 | -38.46154 | 6280 |
THD | THRED LTD | 0.002 | -33.33333 | 4166667 |
AD1 | APPLYDIRECT LTD | 0.027 | -30.76923 | 888740 |
WBE | WHITEBARK ENERGY LTD | 0.003 | -25 | 1000000 |
MHC | MANHATTAN CORP LTD | 0.006 | -25 | 350000 |
ALT | ANALYTICA LTD | 0.004 | -20 | 26316 |
KAS | KASBAH RESOURCES LTD | 0.008 | -20 | 4911228 |
CLI | CROPLOGIC LTD | 0.017 | -19.04762 | 842944 |
LKO | LAKES OIL NL | 0.001 | -50 | 2780000 |