Cheteshwar Pujara of India is run out during day one of the First Test match in the series between Australia and India. (Photo by Quinn Rooney/Getty Images)
Lunchtime ASX small cap wrap: who’s falling short today
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Here are the key ASX small cap winners and losers at lunch Friday December 7:
After a not-so-terrible day on Wall Street, the ASX Small Ords was down 5.4 points – or 0.22 per cent — to 2547.1 at about 12pm AEDT. Over the past 12 months the Small Ords has ranged between 2,501.6 and 2,930.
WINNERS
Cyber threat detector WhiteHawk shot up 56 per cent this morning after revealing a new contract win worth $US400,000 ($553,148).
WhiteHawk (ASX:WHK) inked a deal with an unnamed US “top 12” defense industrial base company with annual revenue of over $5 billion.
The news sent shares as high as 7.8c in early trade, which could help recover some of the stocks big losses since listing at 22c in January.
Coking coal hopeful Aspire Mining has locked in the $15 million it needs to complete feasibility studies on its Ovoot Early Development Project (OEDP) in Mongolia.
Investors liked the news, sending Aspire’s (ASX:AKM) share price up almost 18 per cent to 2c in morning trade.
Aspire chairman David Paull said the explorer would provide OEDP feasibility details in early 2019, and “looked forward to quickly progressing towards first coking coal production”.
Other big early movers included cannabis stock Althea Group (ASX:AGH), up 22 per cent to 22.5c, and cobalt-free lithium battery maker Ultracharge (ASX:UTR), up 22 per cent to 1.1c.
| ASX Code | Name | Intraday price change | Price 12:30pm AEST FRI | Volume |
|---|---|---|---|---|
| NIU | Niuminco Group | 100.00% | $0.002 | 200,000 |
| XPE | XPED | 50.00% | $0.003 | 1,003,750 |
| WHK | WhiteHawk | 40.00% | $0.070 | 19,595,337 |
| AYR | Alloy Resources | 33.33% | $0.004 | 751,000 |
| BLY | Boart Longyear | 33.33% | $0.004 | 100,000 |
| AUT | Auteco Minerals | 33.33% | $0.004 | 1,390,608 |
| NOR | Norwood Systems | 25.00% | $0.005 | 7,766,007 |
| VAL | Valor Resources | 25.00% | $0.005 | 890,000 |
| RNX | Renegade Exploration | 25.00% | $0.005 | 200,000 |
| UTR | Ultracharge | 22.22% | $0.011 | 3,436,908 |
LOSERS
Investors have run away from IncentiaPay in droves, after management admitted the digital payments provider probably won’t deliver on its earnings prediction in FY19.
Following a review of its operations, IncentiaPay (ASX:INP) told investors it “no longer expects to deliver” underlying earnings before interest tax, depreciation and amortisation (EBITDA) of between $3m and $5m for FY19.
CEO Iain Dunstan has also “left the business”, IncentiaPay said.
This drove shares as low as 1.4c — an 82 per cent plunge — on Friday morning, with over 37 million shares changing hands just before midday AEDT.
| ASX Code | Name | Intraday price change | Price 12:30pm AEST FRI | Volume |
|---|---|---|---|---|
| INP | Incentiapay | -71.79% | $0.022 | 44,080,076 |
| AJC | Acacia Coal | -50.00% | $0.001 | 150,000 |
| STC | Sinetech | -50.00% | $0.002 | 10,459,115 |
| EUZ | Europa Metals | -50.00% | $0.001 | 173,334 |
| ENX | Enegex | -33.33% | $0.012 | 8,894 |
| VMG | VDM Group | -33.33% | $0.002 | 8,000,000 |
| BPP | Babylon Pump & Power | -33.33% | $0.018 | 7,460,934 |
| EMP | Emperor Energy | -25.00% | $0.003 | 50,000 |
| XPD | XPD Soccer Gear Group | -21.43% | $0.022 | 456,733 |
| ADV | Ardiden | -20.00% | $0.004 | 1,099,998 |
