HEAR IT FIRST WITH OUR DAILY NEWSLETTER



We don't spam. Learn more about our Privacy Policy

Here are the key ASX small cap winners and losers at lunch Fri Sep 28:

The ASX Small Ords was up 19 points or 0.7 per cent to 2,874 at 1pm AEST.

GOING UP

HIV drug developer Biotron (ASX:BIT) rocketed 136 per cent today after announcing positive results for its most recent drug trial.

Biotron has for many years been developing a small-molecule therapy, BIT225, to treat viral infections including HIV-1 and hepatitis C. HIV-1 is the most common and infectious variety of HIV.

Today the biotech announced the drug was “having a unique effect in patients, over and above viral suppression seen with current antiretroviral drugs” in phase 2 trials.

Biotron boss Dr Michelle Miller said the test results were “a major step to the ultimate goal of curing HIV-1 infection”.

The stock soared from 1.9c to 4.5c — its highest level in almost two years — before cooling to 4c by 12.30pm AEST.

Phosphate explorer Celamin (ASX:CNL) gained 41 per cent to 3.1c after a court win was confirmed.

Back in December Tunisia-focused Celamin was awarded more than $US4 million in damages and costs along with its stake in a joint venture that was transferred to Tunisian Mining Services.

Celamin took legal action against TMS in 2015, after a 51 per cent shareholding in the Chaketma Phosphate Project was allegedly transferred without board approval.

Today Celamin received confirmation TMS’s appeal had been dismissed.

Cannabis play Bod Australia (ASX:BDA) made strong gains after raising $6.4 million to fund global expansion.

Bod — which makes a range of vitamins and hemp-based cosmetic products — raised the cash in a private placement at 53c per share.

This morning the shares jumped 11 per cent to an intraday high of 66.5c, before settling back to 65c by 12.30pm AEST.

BOD reported a loss of $3.7 million last year on revenue of $1.2 million. The business has a market cap of $27 million.

The money will go towards global expansion — with a particular focus on China — and local marketing following the completion of Phase I clinical trials for Bod’s cannabis wafer.

Lithium producer Tawana Resources (ASX:TAW) continued on an upward trajectory after yesterday secured the $40 million it needs to pursue an ASX listing with Singapore-listed merger partner Alliance Mineral Assets.

Tawana shares leapt by almost a third yesterday to 32c — and today were up another 12 per cent to 33.7c.

Tawana holds a 50 per cent interest in a lithium and tantalum mine in the eastern Goldfields of Western Australia, which started commercial production in July.

Its shares dived earlier this month when investors were told a proposed merger with Alliance would not meet the ASX’s requirements for a listing.

Here are the best performing ASX small cap stocks at 12.30pm AEST Fri Sep 28: 

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

ASX codeCompanyPrice change today (12.15pm)Price (12pm)VolumeMarket Cap
BITBIOTRON1.050.041225k10.0M
MNBMINBOS RESOURCES10.0022M5.7M
XPEXPED0.50.00328k3.8M
WGLWANGLE TECHNOLOG0.50.003847k5.2M
WBEWHITEBARK ENERGY0.50.003521k3.9M
CNLCELAMIN HOLDINGS0.4090909090910.0318k2.0M
AMTALLEGRA ORTHOPAE0.3333333333330.26k14.9M
S3RSERPENTINE TECHN0.3333333333330.0041M2.2M
HCOHYLEA METALS0.3333333333330.004100k8.4M
CYQCYCLIQ GROUP0.250.0150k6.2M
POZPOZ MINERALS0.226415094340.06550k9.5M
ACBA-CAP RESOURCES0.2195121951220.054k35.7M
AFRAFRICAN ENERGY0.2105263157890.02330k11.9M
TRLTANGA RESOURCES0.20.006845k3.6M
SDLSUNDANCE RESOURC0.20.0065M45.7M
PMYPACIFICO MINERAL0.20.006450k5.5M
MTBMOUNT BURGESS0.20.006686k2.1M
MHCMANHATTAN CORP0.20.0122507.4M
MEDMERLIN DIAMONDS0.20.006100k18.2M
EVEEVE INVESTMENTS0.1666666666670.0073M13.6M
BKPBARAKA ENERGY AN0.1666666666670.00770k16.2M
ANLAMANI GOLD0.1666666666670.00728k9.7M
SMISANTANA MINERALS0.1428571428570.0084533.9M
FIGFREEDOM INSURANC0.1363636363640.1252M26.4M
MEIMETEORIC RESOURC0.1333333333330.017147k8.6M
NVXNOVONIX0.1333333333330.59523k64.6M
IBXIMAGION BIOSYSTE0.1320754716980.0611k12.9M
IDTIDT AUSTRALIA0.1290322580650.17516k37.9M
RLEREAL ENERGY CORP0.1279069767440.097409k25.9M
SWJSTONEWALL RESOUR0.1250.0091M24.1M
CTMCENTAURUS METALS0.1250.009913k18.4M
TAWTAWANA RESOURCES0.1166666666670.3351M173.4M
BDABOD AUSTRALIA0.08333333333330.65602k33.9M

 

GOING DOWN

Cheese-maker Beston Global Food (ASX:BFC) did not please shareholders with its full-year financial results released today.

Losses widened to $12.8 million — compared to an $8.5 million loss the previous year — due to a six-month delay in bringing online a new mozzarella plant which began sales in May.

“The result is disappointing, especially against where we expected the company to be at this point in its development,” Beston told investors.

The wider loss was due to “delays and increased costs in obtaining delivery of and installing the company’s new Mozzarella plant at Jervois, South Australia, and unanticipated costs in China as well as costs associated with scaling up the company’s operations and sales, both nationally and internationally”.

Revenue doubled to $48 million due mostly to increased sales of dairy products.

The stock sank 8 per cent to 17c.

Here are the worst performing ASX small cap stocks at 12.30pm AEST Fri Sep 28: 

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

ASX codeCompanyPrice change today (12.15pm)Price (12pm)VolumeMarket Cap
LCYLEGACY IRON ORE-0.250.0031M5.9M
PODPODIUM MINERALS-0.2238805970150.05214k6.4M
MBKMETAL BANK-0.2142857142860.01150k12.4M
IHLIMPRESSION HEALT-0.2105263157890.01510k6.6M
XTDXTD-0.1714285714290.02979k4.7M
AVDANTILLES OIL AND-0.1666666666670.03132k4.9M
AHNATHENA RESOURCES-0.1666666666670.01150k2.6M
KLHKALIA-0.1428571428570.006170k17.6M
IVOINVIGOR GROUP-0.1428571428570.0061M10.1M
AUHAUSTCHINA HOLDIN-0.1428571428570.006418k7.8M
AIYAUTHORISED INVES-0.1333333333330.02665k11.2M
RMXRED MOUNTAIN MIN-0.1250.0071M5.4M
CZNCORAZON MINING L-0.1250.00729k10.1M
CXZCONNEXION MEDIA-0.1250.007436k6.7M
CHKCOHIBA MINERALS-0.1250.007320k4.5M
MNWMINT PAYMENTS-0.1153846153850.02352k20.4M
TAPTAP OIL-0.1142857142860.09314k44.7M
EXLELIXINOL GLOBAL-0.1116279069771.911M221.3M
PNNPEPINNINI LITHIU-0.1111111111110.0083M5.6M
MCTMETALICITY-0.1111111111110.016322k10.7M
LMLLINCOLN MINERALS-0.1111111111110.00839k5.2M
MGLMAGONTEC-0.1034482758620.02620k33.1M
NWFNEWFIELD RESOURC-0.1034482758620.1320k84.3M
BIDBIDENERGY-0.1034482758620.131M107.4M
RNERENU ENERGY-0.10.0091M9.7M
CCECARNEGIE CLEAN E-0.10.009640k28.8M
NOVNOVATTI GROUP-0.10.2252k39.4M
AGRAGUIA RESOURCES-0.09677419354840.1468k20.4M
WBTWEEBIT NANO-0.08888888888890.0418M65.3M
K2FK2FLY-0.08620689655170.26515k17.5M
DCCDIGITALX-0.08510638297870.0861M48.0M
BFCBESTON GLOBAL FO-0.08108108108110.17156k82.0M