How can you lift boats out of water? A common way in Australia is to pull them out using heavy vehicles.

But in Scotland they do things differently.

The Falkirk Wheel opened in 2002 and connects two major canals in Scotland. It is the only “rotating boat lift” in the world – scooping the boats out of water and lifting them up to the bridge.

Then what happens? Do they just get driven to the lake? No, due to the architecture of the bridge, the boats can make it without the help of land vehicles.

Picture: Scottish Field

Although it takes 50 minutes for the bridge to work, at least they stay the same side up. Dependent on their size, multiple boats can fit at once – for instance if there are only small canoes then up to 50 can fit.

The bridge is a significant tourist attraction. In fact, considering the tourism website is run by “Scottish Canals”, perhaps many canals in Scotland are tourist hotspots.

We are only halfway until Christmas but our markets are fairly muted. The ASX Small Ords gained 2 points (or 0.06 per cent) to be 2,878.

We may be a week away from another rate cut in Australia, but the US are another few weeks away, at least. Morgan Stanley analyst Mike Wilson predicted that either way the Fed goes, the S&P 500 Index could fall 10 per cent next quarter if economic data deteriorates and the trade war goes on.

Australia would likely follow such a broader correction. ANZ economist David Plank said this morning, in ANZ’s weekly consumer confidence update, Australians were positive about their individual circumstances but less about the broader economic outlook.

Going up

Among today’s gainers, iron ore explorer Havilah Resources (ASX: HAV) surged 15 per cent after positive assay results. Also, Antiogen Medical (ASX: ACW), whose anti-Alzheimers drug failed its clinical trial, is up 20 per cent despite having no news.

Here are the best performing ASX small cap stocks at lunchtime, Tuesday June 25:

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Code Name Price % Chg Market Cap Volume
SCN Scorpion Minerals Ltd 0.006 0.5 $1.1M 40.1k
MZN Marindi Metals Ltd 0.003 0.5 $4.3M 1.6M
SMI Santana Minerals Ltd 0.004 0.3333 $2.7M 512.0k
ADV Ardiden Ltd 0.0025 0.25 $4.2M 407.6k
PNN PepinNini Lithium Ltd 0.0025 0.25 $3.1M 1.3M
CTO Citigold Corp Ltd 0.005 0.25 $10.8M 2.9M
MMR MEC Resources Ltd 0.005 0.25 $2.1M 97.2k
WBE Whitebark Energy Ltd 0.005 0.25 $9.8M 310.5k
ACW Actinogen Medical Ltd 0.012 0.2 $13.4M 9.8M
CCJ County International Ltd 0.006 0.2 $1.3M 135.0k
MTH Mithril Resources Ltd 0.006 0.2 $2.5M 40.0k
SER Strategic Energy Resources Ltd 0.006 0.2 $5.4M 166.7k
AGE Alligator Energy Ltd 0.003 0.2 $3.0M 5.4M
RNX Renegade Exploration Ltd 0.003 0.2 $2.1M 383.3k
RES Resource Generation Ltd 0.16 0.1923 $87.2M 1.2M
IGE Integrated Green Energy Soluti 0.19 0.1875 $74.6M 16.1k
ALY Alchemy Resources Ltd 0.014 0.1667 $6.2M 136.0k
CUX Crossland Strategic Metals Ltd 0.007 0.1667 $7.1M 162.9k
IMS Impelus Ltd 0.007 0.1667 $4.8M 1.6M
LCK Leigh Creek Energy Ltd 0.26 0.1556 $139.8M 1.9M
HAV Havilah Resources Ltd 0.15 0.1538 $32.7M 905.4k

Going down

Smart hearing solutions stock Nuheara (ASX: NUH) fell after a company update. Among its developments, Nuhearea said it would only sell high-value through third party manufacturers. Despite having some positive news including strong US retail results and a government contract extension, it’s down 17 per cent.

Another decliner was Quantify Technologies (ASX: QFY) which fell after announcing a capital raising.

Here are the worst performing ASX small cap stocks at lunchtime, Tuesday June 25:

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Code Name Price % Chg Market Cap Volume
RMG RMG Ltd 0.009 -40.00% $5.5M 118.6k
EMP Emperor Energy Ltd 0.002 -33.33% $2.0M 663.3k
CLZ Classic Minerals Ltd 0.001 -33.33% $3.0M 2.1M
AHN Athena Resources Ltd 0.02 -26.92% $5.1M 57.5k
RCP Redbank Copper Ltd 0.011 -26.67% $1.3M 96.7k
PCL Pancontinental Oil & Gas NL 0.0015 -25.00% $8.1M 555.0k
TYM Tymlez Group Ltd 0.11 -24.14% $14.4M 125.5k
KTA Krakatoa Resources Ltd 0.025 -21.87% $3.4M 704.0k
ROG Red Sky Energy Ltd 0.002 -20.00% $2.5M 16.8k
BAS Bass Oil Ltd 0.002 -20.00% $5.2M 200.0k
MRV Moreton Resources Ltd 0.002 -20.00% $12.4M 110.0k
VAL Valor Resources Ltd 0.004 -16.67% $9.5M 200.0k
NUH Nuheara Ltd 0.06 -16.67% $58.9M 9.2M
LHM Land & Homes Group Ltd 0.01 -16.67% $10.5M 120.0k
PVD Pura Vida Energy NL 0.02 -15.00% $4.3M 283.7k
GBP Global Petroleum Ltd 0.02 -15.00% $3.4M 50.0k
QFY Quantify Technology 0.005 -0.1667 $5.9M 11.8M
ORR OreCorp Ltd 0.21 -14.29% $45.7M 357.0k
RMI Resource Mining Corp Ltd 0.01 -14.29% $1.8M 20.0k
DDT DataDot Technology Ltd 0.01 -14.29% $4.9M 453.1k
ADX ADX Energy Ltd 0.01 -14.29% $7.3M 450.0k