Lunchtime ASX small cap wrap: Who’s laughing all the way to the bank?
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The Joker is back.
A trailer has now been released for the latest film adaptation based around the iconic comic book villain.
This time, Joaquin Phoenix is the actor tasked with recapturing everyone’s imagination — more than 10 years after Heath Ledger put on the red lipstick and went full creep-mode in The Dark Knight.
It wasn’t quite so scary on markets this morning, although the ASX Small Ords is poised to end a seven-day winning streak after drifting lower into midday trade.
The index was down 10 points to 2,778.30 as at 12pm AEST, an intra-day fall of 0.35 per cent.
Lithium Consolidated (ASX: LI3) is hot again, posting a gain of 35 per cent one day after releasing its latest investor presentation to the market.
The stock was a standout performer last week after announcing it had secured two new lithium exploration licences in northern Mozambique. At 9.5 cents, its share price has now more than doubled from a March 22 closing price of 4.6 cents.
Mining minnow Dreadnought Resources (ASX: DRE) posted a 50 per cent gain to 0.4 cents after announcing it has completed the cash and scrip acquisition of IronRinger Resources Pty Ltd.
Dreadnought now plans to commence exploration at its Yampi project in WA “as soon as exploration approvals are received”.
Bass Oil (ASX: BAS), Kalia Limited (ASX: KLH) and Norwood Systems (ASX: NOR) also posted 50 per cent gains, while penny stock Acacia Coal (ASX: AJC) jumped by 100 per cent to 0.4 cents on no news.
Here are the best performing ASX small cap stocks at midday on Thursday, April 4:
Junior gold play Stone Resources (ASX: SHK) was down 33 per cent to 0.2 cents after releasing its monthly cashflow report for March.
And mining minnow Legacy Iron Ore (ASX: LCY) had an identical move to 0.2 cents on no news. The company’s share price continues to struggle for traction and is now from around 0.6 cents at the same time last year.
Here are the worst performing ASX small cap stocks at midday on Thursday, April 4: