Lunchtime ASX small cap wrap: Who’s got a Bathurst hangover today?

Link copied to
clipboard

Congratulations to Kiwi Scott McLaughlin and Frenchman Alexandre Prémat, who took out Sunday’s Bathurst 1000.

In yet another dramatic edition of The Great Race, it all came down to a one-lap sprint after more than six hours of racing.

What an unbelievable last lap.#VASC #Bathurst1000 pic.twitter.com/eG0WUhusNz

— Supercars (@supercars) October 13, 2019

Also racing today are local markets, with the ASX 200 up 0.89 per cent and the ASX small ords up 0.58 per cent.

Going up

Shareholders in Magmatic Resources (ASX:MAG) were very fond of a company update this morning. Magmatic said it is ending a joint venture with Japan Oils and Gas Metals National Corporation (JOGMEC) on its Parkes Project.

Its managing director David Richardson pointed to Alkane Resources’ (ASX:ALK) recent discovery as proof of the “great potential” of the region.

Shares rose 73 per cent to 13c.

Elsewhere, both Zoono (ASX:ZNO) and Admedus (ASX:AHZ) had ~40 per cent share price rises, Zoono on the back of a promising quarterly report and Admedus on a $36 million sale of two of its products. Read more about it here.

Here are the best performing ASX small cap stocks at lunchtime, Monday October 14:

Swipe or scroll to reveal the full table. Click headings to sort

Going down

No major fallers on news today, though Latitude Consolidated (ASX:LCD) shed 21 per cent to 1.1c after receiving notice from the Ministry of Mines & Mining Development in Zimbabwe that it intends to cancel the certificates of registration issued for the claims granted to its  Mbeta Project. Latitude is appealing.

Here are the best performing ASX small cap stocks at lunchtime, Monday October 14:

Swipe or scroll to reveal the full table. Click headings to sort

share

• 
• 
• 
• 

Link copied to
clipboard

SUBSCRIBE

Get the latest Stockhead news delivered free to your inbox.

Name*

Email*

This field is hidden when viewing the form

Email Lists

Morning Update

Lunch Update

Market Close Update

Weekend Update

Spotlight

Name

This field is for validation purposes and should be left unchanged.

It's free. Unsubscribe whenever you want.

By proceeding, you confirm you understand that we handle personal information in accordance with our Privacy Policy.

You might be interested in

Mining

IPO Watch: A new copper-gold explorer sets sights on Lachlan Fold Belt

November 8, 2024 | Jessica Cummins

Mining

Gold boss Nic Earner lays out how explorers can become self-sufficient miners the Alkane way

November 6, 2024 | Cameron Drummond

Mining

Monsters of Rock: Chalice makes recovery run as Feds back critical minerals

October 14, 2024 | Josh Chiat