Lunchtime ASX small cap wrap: Who’s got their ducks in a row (literally) today?

Link copied to
clipboard

News just in – 60,000 rubber ducks were dumped in the Chicago River overnight.

But all is well, because it was for the Rubber Ducky Derby. Now an annual event, each rubber duck is adopted for US$5 online and after being dumped into the river by a truck they get hosed to the finish line.

All proceeds go to help the Special Olympics but one lucky winner walks home with a 2019 Chevy Equinox.

It’s a great annual event, but not a world record. Back in 2008, 250,000 rubber ducks raced down the River Thames. But you could argue it didn’t count because the ducks weren’t yellow. They were blue.

Markets aren’t exactly racing for the finish line this week, but today has been a good day. The ASX Small Ords gained 0.57 per cent to 2,873 while the ASX 200 gained 0.10 per cent to 6,575.

The latter has had its worst week since Christmas but the former has only had its worst week since early June and had an eight-week winning streak since. Keep your eyes out next week for unemployment figures and the wage price index.

Going up

Clancy Exploration (ASX: CLYDA) shares went ballistic this morning after an update on a proposed acquisition of a rare earths project. In a nutshell, the path is clearer than it could have otherwise been.

This is the fourth biggest one-day gain this year behind Orthocell (ASX: OCC) on May 8, Chongherr Investments (ASX: CDH) on July 26 and Hylea Metals (ASX: HCO) on June 24 which all gained over 300 per cent.

Konekt (ASX: KKT) jumped 27 per cent after announcing an acquisition.

Here are the best performing ASX small cap stocks at lunchtime, Friday August 9:

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

Going down

While Big River Gold (ASX: BRV) shareholders initially responded well to a capital raise announced earlier this week, it’s down 13 per cent today.

Here are the best performing ASX small cap stocks at lunchtime, Friday August 9:

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

Something completely different…

Big Ben? Buckingham Palace? Tower of London? Pfft. The one place to visit in London is Abbey Road – where 50 years ago this week ‘that photo’ was taken.

Fans have flown from all over the world to mark the anniversary of the day the Beatles took a photoshoot for what would be their last album Let it Be. Some fans spent the entire day there.

share

• 
• 
• 
• 

Link copied to
clipboard

SUBSCRIBE

Get the latest Stockhead news delivered free to your inbox.

Name*

Email*

Hidden

Email Lists

Morning Update

Lunch Update

Market Close Update

Weekend Update

It's free. Unsubscribe whenever you want.

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