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As the earth continues to heat up, climate change risk is one of the top agenda items at this week’s World Economic Forum in Davos, Switzerland.
And overnight, multinational coffee outlet Starbucks leaned-in pretty heavily to its own carbon-reduction plans.
The $US110 billion ($160.9 billion) company outlined plans to become “resource positive” by 2030 — storing more carbon than it emits, cutting waste and conserving half the water used in coffee production.
Starbucks’ 2018 metrics show that it emitted 16 million tons of greenhouse gases that year and also withdrew 1 billion cubic meters of water, CNBC reports.
Meanwhile, back in bushfire-ravaged Australia, mining giant BHP (ASX:BHP) had an interesting piece of messaging in its Q2 production update yesterday.
The company said output numbers for coal — considered the worst fossil fuel for greenhouse emissions — fell 11 per cent in NSW. And one of the reasons? Poor visibility in December…due to the bushfires! Some regional BHP workers also had to clock off early to protect their homes.
To markets, and there were no developments overnight which shifted global stocks away from their otherwise uninterrupted upward trajectory to start 2020.
The ASX200 followed suit, up 0.40 per cent to 7,094 points while the Small Ords index climbed 0.32 per cent to 3,055 points.
Here are the best performing ASX small cap stocks at 12pm Wednesday January 22:
Swipe or scroll to reveal the full table. Click headings to sort.
Code | Name | Price | % Chg | Market Cap |
---|---|---|---|---|
MDI | Middle Island Resources Ltd | 0.006 | +50.00% | $8.2M |
CLZ | Classic Minerals Ltd | 0.003 | +50.00% | $21.0M |
RIM | Rimfire Pacific Mining NL | 0.003 | +50.00% | $4.5M |
AYR | Alloy Resources Ltd | 0.002 | +33.33% | $4.2M |
BEM | Blackearth Minerals NL | 0.05 | +23.26% | $6.0M |
MHC | Manhattan Corp Ltd | 0.006 | +20.00% | $5.6M |
BAS | Bass Oil Ltd | 0.003 | +20.00% | $10.0M |
CI1 | Credit Intelligence Ltd | 0.03 | +20.00% | $30.5M |
BTH | Bigtincan Holdings Ltd | 0.81 | +17.27% | $251.3M |
EVE | EVE Investments Ltd | 0.007 | +16.67% | $21.2M |
CLA | Celsius Resources Ltd | 0.02 | +15.38% | $11.4M |
KYK | Kyckr Ltd | 0.12 | +15.00% | $26.4M |
WJA | Wameja Ltd | 0.11 | +14.58% | $133.2M |
AMD | Arrow Minerals Ltd | 0.008 | +14.29% | $7.3M |
PGY | Pilot Energy Ltd | 0.02 | +14.29% | $1.9M |
UUV | UUV Aquabotix Ltd | 0.004 | +14.29% | $2.1M |
VUL | Vulcan Energy Resources Ltd | 0.23 | +12.50% | $11.2M |
OVL | Oro Verde Ltd | 0.009 | +12.50% | $18.0M |
MOQ | MOQ Ltd | 0.23 | +12.20% | $40.8M |
Middle Island Resources (ASX:MDI)
The junior gold explorer led the pack in percentage terms, after announcing yesterday evening that it successfully managed to get its limited share entitlement issue — first announced in December — off the ground.
The fully underwritten issue will be priced at 0.4c per new share, to raise gross proceeds of about $2.35m.
The software company held its gains into midday trade, after a positive Q4 trading update where it outlined strong growth in operating cashflow and annual recurring revenue.
Here are the worst performing ASX small cap stocks at 12pm Wednesday January 22:
Swipe or scroll to reveal the full table. Click headings to sort.
Ticker | Name | Price | % Chg | Market Cap |
---|---|---|---|---|
GLV | Global Oil & Gas Ltd | 0.001 | -50.00% | $3.1M |
PCH | Property Connect Holdings Ltd | 0.002 | -33.33% | $1.4M |
TZL | TZ Ltd | 0.14 | -22.22% | $11.0M |
IPD | ImpediMed Ltd | 0.13 | -20.59% | $69.0M |
VAL | Valor Resources Ltd | 0.004 | -20.00% | $7.6M |
TYX | Tyranna Resources Ltd | 0.002 | -20.00% | $1.9M |
SRN | Surefire Resources NL | 0.002 | -20.00% | $1.3M |
DTR | Dateline Resources Ltd | 0.002 | -20.00% | $16.4M |
AVE | Avecho Biotechnology Ltd | 0.004 | -20.00% | $6.3M |
SPQ | Superior Resources Ltd | 0.005 | -16.67% | $3.7M |
CUX | Crossland Strategic Metals Ltd | 0.005 | -16.67% | $5.1M |
EMU | Emu NL | 0.04 | -16.33% | $12.2M |
A1G | African Gold Ltd | 0.16 | -16.22% | $9.0M |
GRV | Greenvale Energy Ltd | 0.02 | -15.79% | $1.5M |
BXN | Bioxyne Ltd | 0.02 | -15.00% | $10.9M |
CAN | Cann Group Ltd | 1.32 | -14.29% | $190.8M |
CIO | Connected IO Ltd | 0.003 | -14.29% | $7.2M |
RDN | Raiden Resources Ltd | 0.006 | -14.29% | $2.6M |
PNX | PNX METALS Ltd | 0.006 | -14.29% | $14.6M |
LNY | Laneway Resources Ltd | 0.006 | -14.29% | $22.3M |
The medical software company was among the biggest losers, falling by around 20 per cent after announcing that full-year earnings for the 2020 financial year are now expected to fall within its “low to mid-range guidance of $7m-8.5m”.