The contest for who will lead the US Democrat Party against Donald Trump this year got off to a rough start overnight. (Getty Images)
Lunchtime ASX small cap wrap: Who’s getting locked in a stalemate today?
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Sometimes, things just don’t go to plan.
For investors, that can mean cutting your losses when a promising small-cap issues a series of earnings downgrades.
And for the US Democrat Party, it can mean an all-out media firestorm after an app-glitch caused major delays in the Iowa caucuses.
As the first contest in the Democrat primaries, the Iowa vote is often viewed as an important guide for which candidate will win the nomination to take on President Donald Trump in the US election this November.
Almost a day later, it’s still not clear which candidate won the vote. But with about two-thirds counted, surprise contender Pete Buttigieg holds a slim lead over Bernie Sanders.
The Democrat Party itself conceded that its bumbling start to the nomination proceedings had been less than ideal.
And perhaps not surprisingly, Trump jumped at the chance to rub it in — unloading on his rivals via a series of tweets like this:
https://twitter.com/realDonaldTrump/status/1224657196392370177
Things weren’t quite so chaotic on local markets this morning. The ASX200 was up 0.55 per cent to 6,987 points into midday trade, while the Small Ords rose 0.75 per cent to 2,993 points.
WINNERS
Here are the best performing ASX small cap stocks at 12pm Wednesday February 5:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Chg | Market Cap |
|---|---|---|---|---|
| EXR | Elixir Energy Ltd | 0.04 | +100.00% | $19.5M |
| PRM | Prominence Energy Ltd | 0.002 | +100.00% | $2.6M |
| TYX | Tyranna Resources Ltd | 0.003 | +50.00% | $2.9M |
| BET | Betmakers Technology Group Ltd | 0.34 | +39.58% | $158.6M |
| SMI | Santana Minerals Ltd | 0.004 | +33.33% | $10.7M |
| BPL | Broken Hill Prospecting Ltd | 0.02 | +26.67% | $3.7M |
| VAL | Valor Resources Ltd | 0.0025 | +25.00% | $4.8M |
| BUY | Bounty Oil & Gas NL | 0.005 | +25.00% | $4.8M |
| POW | Protean Energy Ltd | 0.005 | +25.00% | $1.6M |
| WRM | White Rock Minerals Ltd | 0.005 | +25.00% | $9.2M |
| AZS | Azure Minerals Ltd | 0.16 | +23.08% | $26.0M |
| VMX | Valmec Ltd | 0.32 | +23.08% | $40.2M |
| NMT | Neometals Ltd | 0.23 | +21.62% | $122.5M |
| GMC | Gulf Manganese Corp Ltd | 0.006 | +20.00% | $31.4M |
| LNY | Laneway Resources Ltd | 0.006 | +20.00% | $22.3M |
| MHC | Manhattan Corp Ltd | 0.006 | +20.00% | $5.6M |
| OKU | Oklo Resources Ltd | 0.26 | +17.78% | $109.4M |
| AIR | Astivita Ltd | 0.73 | +17.74% | $13.9M |
| CRM | Carbon Minerals Ltd | 0.2 | +17.65% | $3.8M |
| RML | Resolution Minerals Ltd | 0.07 | +17.24% | $8.0M |
The energy explorer was a standout in morning trade after a positive drilling update at its coal-seam-gas project in Mongolia.
Drilling at Elixir’s Nomgon-1 well intersected 82m of net coal and the thickest coal seam was 51m. The results showed “visible coal quality is highly encouraging for gas content and permeability”, Elixir said.
Shares in the company fell 45 per cent in January after another update left markets disappointed, but the share price more than doubled in the wake of this morning’s announcement.
ALSO READ: Elixir shares double after hitting the jackpot with a 51m thick coal seam in Mongolia
LOSERS
Here are the worst performing ASX small cap stocks at 12pm Wednesday February 5:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Chg | Market Cap |
|---|---|---|---|---|
| DDD | 3D Resources Ltd | 0.002 | -33.33% | $2.3M |
| CCE | Carnegie Clean Energy Ltd | 0.001 | -33.33% | $11.1M |
| QFY | Quantify Technology Holdings Ltd | 0.003 | -25.00% | $4.7M |
| MTB | Mount Burgess Mining NL | 0.002 | -20.00% | $1.1M |
| KMT | Kopore Metals Ltd | 0.004 | -20.00% | $2.6M |
| FTT | Factor Therapeutics Ltd | 0.002 | -20.00% | $2.1M |
| ANL | Amani Gold Ltd | 0.002 | -20.00% | $12.3M |
| LCL | Los Cerros Ltd | 0.04 | -18.75% | $6.6M |
| EVE | EVE Investments Ltd | 0.005 | -16.67% | $15.2M |
| ADY | Admiralty Resources NL | 0.005 | -16.67% | $5.8M |
| CLZ | Classic Minerals Ltd | 0.0025 | -16.67% | $17.5M |
| ZLD | Zelira Therapeutics Ltd | 0.06 | -13.85% | $48.9M |
| SKN | Skin Elements Ltd | 0.013 | -13.33% | $2.4M |
| SHO | SportsHero Ltd | 0.03 | -13.33% | $8.5M |
| IGN | Ignite Ltd | 0.03 | -13.33% | $2.3M |
| DW8 | Digital Wine Ventures Ltd | 0.007 | -12.50% | $8.2M |
| GBE | Globe Metals & Mining Ltd | 0.02 | -11.76% | $7.0M |
| ACB | A-Cap Energy Ltd | 0.008 | -11.11% | $7.0M |
| PDI | Predictive Discovery Ltd | 0.008 | -11.11% | $4.9M |
| MEB | Medibio Ltd | 0.008 | -11.11% | $8.0M |
Shares in Zelira fell after the medicinal cannabis company announced it had completed a $4.6m capital rise, via a placement to institutional investors priced at 5c per share.
