Lunchtime ASX small cap wrap: Who’s getting ready for a showdown today?
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The first showdown of this year’s election campaign will take place tonight, will Bill Shorten and Scott Morrison preparing to go head-to-head in Perth at 7pm AEST.
There hasn’t been much back-and-forth on local markets to start the week, with small cap stocks brushing off falls on the broader ASX200 to edge higher in midday trade.
By 11:45am AEST, the ASX Small Ords had risen by 0.25 per cent to a new 2019 high of 2,863.20.
Leading the pack in percentage terms this morning was Internet of Things minnow XPED Ltd (ASX: XPE), which jumped by 50 per cent to 0.2 cents.
Among the junior resources stocks, gold miner Lodestar Resources (ASX: LSR) was the standout performer (also on no news) jumping more than 40 per cent to 1 cent per share.
And it was a big morning for the buy now, pay later platforms with Splitit (ASX: SPT) and Zip Co (ASX: Z1P) both releasing their quarterly trading updates.
Splitit surged by more than 20 per cent after reporting solid growth in user numbers and merchant fee revenue.
Here are the best performing ASX small cap stocks at 12.00pm AEST, Monday April 29.
The big falls this morning were among penny stocks, with each of the top six laggards fluctuating at levels well below the 1 cent mark.
Graphite play Metals Australia (ASX: MLS) took a 50 per cent tumble to 0.1 cents on no news, having declined steadily from 0.7 cents over the past 12 months.
Only two of the 19 worst performers this morning were valued at more than 1 cent, one of which was early stage lithium explorer Fe Limited (ASX:FEL).
The stock price fell by more than 20 per cent to 1.4 cents following a drilling update from Auris Minerals (ASX: AUR) at the Forrest and Wodger Prospects in the Bryah Basin of Western Australia.
Here are the worst performing ASX small cap stocks at 12.00pm AEST, Monday April 29.