Lunchtime ASX small cap wrap: who’s hoping for a big win
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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.
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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 code | Company | Price change today (12.15pm) | Price (12pm) | Volume | Market Cap |
|---|---|---|---|---|---|
| BIT | BIOTRON | 1.05 | 0.041 | 225k | 10.0M |
| MNB | MINBOS RESOURCES | 1 | 0.002 | 2M | 5.7M |
| XPE | XPED | 0.5 | 0.003 | 28k | 3.8M |
| WGL | WANGLE TECHNOLOG | 0.5 | 0.003 | 847k | 5.2M |
| WBE | WHITEBARK ENERGY | 0.5 | 0.003 | 521k | 3.9M |
| CNL | CELAMIN HOLDINGS | 0.409090909091 | 0.031 | 8k | 2.0M |
| AMT | ALLEGRA ORTHOPAE | 0.333333333333 | 0.2 | 6k | 14.9M |
| S3R | SERPENTINE TECHN | 0.333333333333 | 0.004 | 1M | 2.2M |
| HCO | HYLEA METALS | 0.333333333333 | 0.004 | 100k | 8.4M |
| CYQ | CYCLIQ GROUP | 0.25 | 0.01 | 50k | 6.2M |
| POZ | POZ MINERALS | 0.22641509434 | 0.065 | 50k | 9.5M |
| ACB | A-CAP RESOURCES | 0.219512195122 | 0.05 | 4k | 35.7M |
| AFR | AFRICAN ENERGY | 0.210526315789 | 0.023 | 30k | 11.9M |
| TRL | TANGA RESOURCES | 0.2 | 0.006 | 845k | 3.6M |
| SDL | SUNDANCE RESOURC | 0.2 | 0.006 | 5M | 45.7M |
| PMY | PACIFICO MINERAL | 0.2 | 0.006 | 450k | 5.5M |
| MTB | MOUNT BURGESS | 0.2 | 0.006 | 686k | 2.1M |
| MHC | MANHATTAN CORP | 0.2 | 0.012 | 250 | 7.4M |
| MED | MERLIN DIAMONDS | 0.2 | 0.006 | 100k | 18.2M |
| EVE | EVE INVESTMENTS | 0.166666666667 | 0.007 | 3M | 13.6M |
| BKP | BARAKA ENERGY AN | 0.166666666667 | 0.007 | 70k | 16.2M |
| ANL | AMANI GOLD | 0.166666666667 | 0.007 | 28k | 9.7M |
| SMI | SANTANA MINERALS | 0.142857142857 | 0.008 | 453 | 3.9M |
| FIG | FREEDOM INSURANC | 0.136363636364 | 0.125 | 2M | 26.4M |
| MEI | METEORIC RESOURC | 0.133333333333 | 0.017 | 147k | 8.6M |
| NVX | NOVONIX | 0.133333333333 | 0.595 | 23k | 64.6M |
| IBX | IMAGION BIOSYSTE | 0.132075471698 | 0.06 | 11k | 12.9M |
| IDT | IDT AUSTRALIA | 0.129032258065 | 0.175 | 16k | 37.9M |
| RLE | REAL ENERGY CORP | 0.127906976744 | 0.097 | 409k | 25.9M |
| SWJ | STONEWALL RESOUR | 0.125 | 0.009 | 1M | 24.1M |
| CTM | CENTAURUS METALS | 0.125 | 0.009 | 913k | 18.4M |
| TAW | TAWANA RESOURCES | 0.116666666667 | 0.335 | 1M | 173.4M |
| BDA | BOD AUSTRALIA | 0.0833333333333 | 0.65 | 602k | 33.9M |
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 code | Company | Price change today (12.15pm) | Price (12pm) | Volume | Market Cap |
|---|---|---|---|---|---|
| LCY | LEGACY IRON ORE | -0.25 | 0.003 | 1M | 5.9M |
| POD | PODIUM MINERALS | -0.223880597015 | 0.052 | 14k | 6.4M |
| MBK | METAL BANK | -0.214285714286 | 0.011 | 50k | 12.4M |
| IHL | IMPRESSION HEALT | -0.210526315789 | 0.015 | 10k | 6.6M |
| XTD | XTD | -0.171428571429 | 0.029 | 79k | 4.7M |
| AVD | ANTILLES OIL AND | -0.166666666667 | 0.03 | 132k | 4.9M |
| AHN | ATHENA RESOURCES | -0.166666666667 | 0.01 | 150k | 2.6M |
| KLH | KALIA | -0.142857142857 | 0.006 | 170k | 17.6M |
| IVO | INVIGOR GROUP | -0.142857142857 | 0.006 | 1M | 10.1M |
| AUH | AUSTCHINA HOLDIN | -0.142857142857 | 0.006 | 418k | 7.8M |
| AIY | AUTHORISED INVES | -0.133333333333 | 0.026 | 65k | 11.2M |
| RMX | RED MOUNTAIN MIN | -0.125 | 0.007 | 1M | 5.4M |
| CZN | CORAZON MINING L | -0.125 | 0.007 | 29k | 10.1M |
| CXZ | CONNEXION MEDIA | -0.125 | 0.007 | 436k | 6.7M |
| CHK | COHIBA MINERALS | -0.125 | 0.007 | 320k | 4.5M |
| MNW | MINT PAYMENTS | -0.115384615385 | 0.023 | 52k | 20.4M |
| TAP | TAP OIL | -0.114285714286 | 0.093 | 14k | 44.7M |
| EXL | ELIXINOL GLOBAL | -0.111627906977 | 1.91 | 1M | 221.3M |
| PNN | PEPINNINI LITHIU | -0.111111111111 | 0.008 | 3M | 5.6M |
| MCT | METALICITY | -0.111111111111 | 0.016 | 322k | 10.7M |
| LML | LINCOLN MINERALS | -0.111111111111 | 0.008 | 39k | 5.2M |
| MGL | MAGONTEC | -0.103448275862 | 0.026 | 20k | 33.1M |
| NWF | NEWFIELD RESOURC | -0.103448275862 | 0.13 | 20k | 84.3M |
| BID | BIDENERGY | -0.103448275862 | 0.13 | 1M | 107.4M |
| RNE | RENU ENERGY | -0.1 | 0.009 | 1M | 9.7M |
| CCE | CARNEGIE CLEAN E | -0.1 | 0.009 | 640k | 28.8M |
| NOV | NOVATTI GROUP | -0.1 | 0.225 | 2k | 39.4M |
| AGR | AGUIA RESOURCES | -0.0967741935484 | 0.14 | 68k | 20.4M |
| WBT | WEEBIT NANO | -0.0888888888889 | 0.041 | 8M | 65.3M |
| K2F | K2FLY | -0.0862068965517 | 0.265 | 15k | 17.5M |
| DCC | DIGITALX | -0.0851063829787 | 0.086 | 1M | 48.0M |
| BFC | BESTON GLOBAL FO | -0.0810810810811 | 0.17 | 156k | 82.0M |
