Lunchtime ASX small cap wrap: Who’s getting ready for a cut today?
News
It’s been almost three years since Australia’s central bank moved interest rates, but that could be about the change today.
Based on market pricing, it’s almost a lock that the RBA will cut rates to 1.25 per cent at 2:30pm (AEST).
As a sidenote, here’s how the market reacted way back when the last time rates were cut.
It will all follow a bad result for April retail sales data that dropped this morning, which slumped unexpectedly, led by falls in NSW and Victoria.
Amid a possible shift in the macroeconomic winds, the ASX Small Ords is on track for its fifth consecutive fall.
As at 12:15pm AEST, the index had fallen by another 0.49 per cent to 2,755.20.
It’s been a big morning for Africa-based gold miner Predictive Discovery (ASX: PDI), which shot out of the blocks and by midday had posted a 200 per cent gain for the session.
The company announced a key discovery at its Ferkessedougou North project in northern Cote D’Ivoire, where it found “thick gold intercepts” within a mineral body that’s 100 metres wide and at least 210 metres long.
Also benefitting off the gold find was Aurora Minerals (ASX: ARM), which almost doubled in morning trade courtesy of its 21.9 per cent shareholding in PDI.
Here are the best performing ASX small cap stocks at lunchtime, Tuesday June 4:
Swipe or scroll to reveal the full table. Click headings to sort.
Code | Name | Price (11.45am) | % Chg | Market Cap | Volume |
---|---|---|---|---|---|
PDI | Predictive Discovery Ltd | 0.03 | +200.00% | 2.66m | 141.3M |
ARM | Aurora Minerals Ltd | 0.02 | +81.82% | 1.29m | 2.0M |
AYR | Alloy Resources Ltd | 0 | +50.00% | 3.39m | 851.0k |
AAJ | Aruma Resources Ltd | 0 | +33.33% | 3.10m | 1.5M |
NES | Nelson Resources Ltd | 0.07 | +27.27% | 2.34m | 200.0k |
CY5 | Cygnus Gold Ltd | 0.05 | +25.00% | 1.80m | 96.0k |
BAS | Bass Oil Ltd | 0 | +25.00% | 5.21m | 1.0M |
SCL | Schrole Group Ltd | 0.01 | +22.22% | 4.99m | 2.7M |
CDT | Castle Minerals Ltd | 0.01 | +20.00% | 1.34m | 183.1k |
MTH | Mithril Resources Ltd | 0.01 | +20.00% | 2.11m | 200.0k |
SYA | Sayona Mining Ltd | 0.01 | +20.00% | 17.2m | 2.2M |
CLQ | Clean TeQ Holdings Ltd | 0.33 | +20.00% | 205.3m | 3.7M |
CG1 | Carbonxt Group Ltd | 0.37 | +17.74% | 32.41m | 49.8k |
OLI | Oliver's Real Food Ltd | 0.04 | +14.71% | 6.09m | 2.9M |
On the other side of the ledger, there was the usual round of falls among mining and resources that typically trade in low liquidity.
Metals Australia (ASX: MLS) dipped by a third to 0.1 cents on news, with similar falls for Adcorp Australia (ASX: AAU) and Torian Resources (ASX: TNR).
Here are the worst performing ASX small cap stocks at lunchtime, Tuesday June 4:
Swipe or scroll to reveal the full table. Click headings to sort.
Code | Name | Price (11.30am) | % Chg | Market Cap | Volume |
---|---|---|---|---|---|
MLS | Metals Australia Ltd | 0.001 | -33.33% | 2.69m | 130.0k |
AAU | Adcorp Australia Ltd | 0.01 | -30.00% | 4.55m | 141.5k |
TNR | Torian Resources Ltd | 0.01 | -26.67% | 3.82m | 370.0k |
SMI | Santana Minerals Ltd | 0.003 | -25.00% | 2.7m | 500.0k |
PWN | Parkway Minerals NL | 0.003 | -25.00% | 2.43m | 96.7k |
MHC | Manhattan Corp Ltd | 0.0015 | -25.00% | 3.71m | 130.4k |
LRS | Latin Resources Ltd | 0.0015 | -25.00% | 3.51m | 255.0k |
GPP | Greenpower Energy Ltd | 0.0015 | -25.00% | 1.69m | 44.0k |
UUV | UUV Aquabotix Ltd | 0.01 | -25.00% | 2.45m | 2.5M |
FSG | Field Solutions Holdings Ltd | 0.02 | -22.73% | 9.46m | 3.0k |
KTA | Krakatoa Resources Ltd | 0.02 | -20.00% | 2.94m | 68.7k |
QGL | Quantum Graphite Ltd | 0.002 | -20.00% | 15.1m | 10.0M |
NWE | Norwest Energy NL | 0.002 | -20.00% | 6.67m | 2.2M |
ANL | Amani Gold Ltd | 0.002 | -20.00% | 10.43m | 428.3k |
ENX | Enegex Ltd | 0.01 | -20.00% | 800k | 395.2k |
ELT | Elementos Ltd | 0.005 | -20.00% | 7.72m | 400.0k |