Lunchtime ASX small cap wrap: Who’s fearing for their lives today?
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Fans of paranormal TV shows got some good news overnight, with the release of the season three trailer for hit show Stranger Things.
And there was plenty to spook small cap investors on the ASX today too — and the usual round of good news too.
More broadly, the ASX Small Ordinaries (ASO) was down 0.34 per cent to 2766.3 points at 12pm EST.
A few super-small caps were jumping around this morning, with no stock on the winners list having a market cap above $100 milliion.
The biggest among them was music data business Jaxsta Ltd (ASX: JXT), which is now worth $91 million.
It’s shares were up 25 per cent this morning and the company has been rocketing higher in March, during which time Jaxsta has signed product agreements with Universal Music and Warner Brothers. The company is now trading at 44 cents, up from 14 cents at the start of the month.
Leading the pack today was mining minnow Dateline Resources (ASX: DTR), which rose to 0.3 cents — good enough for a 50 per cent gain.
The company recently raised $14m from a rights issue, and now plans to explore for gold on its 2000 acres of freehold land in Colorado.
And speaking of exploring, Meteoric Resources (ASX: MEI) was up more than 15 per cent after acquiring two projects in the Alta Floresta Belt, which has been flagged by the major global miners as a potentially gigantic porphyry-style copper-gold deposit.
Here are the best performing ASX small cap stocks at midday on Thursday, March 21:
Biotechnology company Cynata Therapeutics (ASX: CYP) suffered the biggest fall in early trade, briefly slumping by more than 40 per cent.
The company advised that the expiry date on a potential licensing deal with Fujifilm Corporation had been extended to September 19.
Struggling gold miner Blackham Resources (ASX: BLK) got another touch-up, falling more than 30 per cent to below 2 cents per share after announcing a $26 million capital raising.
Here are the worst performing ASX small cap stocks at midday on Thursday, March 21: