Lunchtime ASX small cap wrap: Who’s going lean, mean, clean & green today?

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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.

GOING UP

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.

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.

Bigtincan Holdings (ASX:BTH)

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.

GOING DOWN

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.

ImpediMed (ASX:IPD)

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”.

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