Lunchtime ASX small cap wrap: Who’s defending a delicacy today?

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We have plenty of treasures in Australia such as Uluru, the Great Barrier Reef…and the baked bean toastie.

But the Brits and the Yanks don’t get it.

For the last two weeks Australian gamer Amber Wadham has copped a Twitter backlash for suggesting it was even a thing. But she’s obviously tough, because overnight she  opened another can of worms cookies:

American vs Australia round two, choose your fighter for “which ones the real biscuit?! pic.twitter.com/AqNNXQIEuT

— Paladin (@PaladinAmber) September 26, 2019

Today, the ASX Small Ords is up 0.29 per cent to 2,889 and the ASX 200 is up 0.41 per cent to 6,705. But both indices will finish the week down by 0.88 per cent and 0.46 per cent respectively.

There was no new economic data today, although Bloomberg released an economists survey, predicting that the Australian economy will expand 2.5 per cent in 2020 and 2.6 per cent in 2021. And importantly,  it puts the chance of a recession at only 20 per cent.

Going up

Stavely Minerals (ASX: SVY) climbed another 25 per cent today and is now over $1.07 per share.  The catalyst was yesterday’s monster copper find.

But the largest one day gainer in 2019 remains Hylea Metals (ASX: HCO), up over 400 per cent on June 24, which today changed its name to Lotus Resources.

And WA gold explorer Lefroy Exploration (ASX: LEX) rose 25 per cent after a big hit at its Lucky Strike project near Kalgoorlie.

Here are the best performing ASX small cap stocks at lunchtime, Friday September 27:

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

Going down

Navarre Minerals (ASX: NML), which has a project near Stavely’s find, surged yesterday but has retreated 13 per cent today to 10 cents.

Hot Copper (ASX: HOT) also fell 18 per cent today after finalising an acquisition and associated capital raising.

Here are the worst performing ASX small cap stocks at lunchtime, Friday September 27:

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

Something completely different…

Ahead of the GWS Giants’ first AFL Grand Final,  various clips of their song have been going viral on Twitter. This one was this author’s favourite because it just ‘fits’ the tune – at least for the first few seconds.

Is #bigbigsound over yet? Room for one more? 'Cause this one works ridiculously well. #Shipoopi #AFLFinals #AFLTigersGiants pic.twitter.com/mrKrJtfLiq

— Hawk Talk Podcast (@HawkTalkPod) September 26, 2019

It’s also more evidence of this authors’ theory that Hawthorn have a higher than normal portion of bandwagon jumpers. But they could’ve done worse.

At Stockhead we tell it like it is. While Lefroy Exploration is a Stockhead advertiser it did not sponsor this article.

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