Lunchtime ASX small cap wrap: who’s feeling upbeat today
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Here are the key ASX small cap winners and losers at lunch Monday December 3:
The ASX Small Ords was up 60 points — or 2.35 per cent — to 2,634.40 at 12:15pm AEST.
Health tech small cap Resonance Health (ASX:RHT) was up over 133 per cent after the company got the green light to market its FerriSmart product for commercial distribution in the US.
The intraday 5.7c share price was at its highest point since mid 2014.
Resonance’s FerriSmart tech automatically analyses MRI images to return a liver iron concentration result within seconds, the company says.
The company already has approvals to market the device in Australia and Europe.
Sacgasco (ASX:SGC) has picked up a gas project in California’s largest gas field and it didn’t cost a cent.
The news sent Sagasco’s shares – which have been trending down this year — up 10 per cent to 3.2c on Monday morning.
Not only did Sacgasco not have to pay anything for the acquisition, but the vendors will pay the junior gas explorer $US100,000 ($135,678) as a contribution to future abandonment costs for the acquired wells.
And micro cap explorer Laneway Resources (ASX:LNY) jumped more than 33 per cent to 0.4c in morning trade after executing a native title agreement over its pending Agate gold mine mining lease in Queensland.
Nanoveu officially joined the ASX on Friday and its shares haven’t stopped falling since.
The company (ASX:NVU) has been working for more than five years on high-tech mobile phone screen protectors that allow users to view 3D images, videos and games.
Investors dumped it on Monday morning, sending the stock down 25 per cent on Monday morning to 10c.
It raised IPO money at 20c.
A-Cap Energy (ASX:ACB) – formerly A-Cap Resources – was down almost 17 per cent to 4c this morning on no news.
The battery metals explorer told investors Friday that completion of its Wilconi cobalt and nickel project JV deal with producer Blackham Resources (ASX:BLK) would be extended until December 13 to “satisfy the conditions precedent”.