Lunchtime ASX small cap wrap: Who’s having an existential crisis today?
Pixar’s new trailer for Toy Story 4 is full of enjoyable themes like abandonment, existential dread, and very creepy dolls.
In more businessy news, British PM Theresa May is expected to plead for a Brexit extension this week.
US-China trade talks continue, but the outlook is mixed ; Bloomberg says China is digging in against US demands, but Wall Street Journal reckons a deal between the world’s two largest economies is in its final stages.
The spot gold price was near US$1,306 an ounce in late US trade.
Those investors backing Aussie gold producers are laughing all the way to the bank right now — that’s $1850 per ounce in the local currency.
Going prospecting never looked so lucrative.
Following a strong surge from late December through to late February, the ASX Small Ords has been rumbling along in first gear.
Today, the index is down 0.53 per cent to 2775 point at 12pm EST.
Here’s the state of play at lunch Wednesday March 20:
Funtasic puts the ‘(ASX:FUN)’ in our lunchtime wrap — up 155 per cent in morning trade on no apparent news.
But wait – last year the company made a deal to distribute Toy Story 4 toys in Australia and New Zealand ahead of the movie’s release in June 2019.
It’s amazing how things come together.
Coal miner Paringa Resources (ASX:PNL) was up 23 per cent to 16c after securing a $US56 million loan to accelerate production at its Poplar grove mine in Kentucky.
It’s a step in the right direction, but Paringa still has some work to do if it wants to get back to those year-high prices of around 36c a share.
Here are the best performing ASX small cap stocks at 12pm on Wednesday, March 20:
On no news, European Lithium (ASX:EUR) was down 22 per cent to 14c; Six Sigma Metals (ASX:S16) fell 25 per cent to 0.3c; and Shareroot (ASX:SRO) dropped 33 per cent to 0.1c.
Here are the worst performing ASX small cap stocks at 12pm on Wednesday, March 20: