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Here are the key ASX small cap winners and losers at lunch Monday Sep 24:
The ASX Small Ords was down 9 points or 0.3 per cent to 2,826 at 12.30pm AEST.
GOING UP
Takeover talk has Capricorn Metals (ASX:CMM) shares were riding high this morning, up 55 per cent to an intraday — and 12-mont — high of 9.2c.
Capricorn confirmed today speculation from Mining News on Friday that it had received an offer from $2 billion miner Regis Resources (ASX:RRL).
The bid is for a scrip acquisition of Capricorn at 11.4 cps, valuing the company at $85.2 million.
Shares in cancer fighter Immutep (ASX:IMM) rose 10 per cent to 4.5c on Monday morning, the company’s highest point since rebranding from Prima BioMed last year, after it revealed it was collaborating with big pharma giants Merck and Pfizer.
The deal involves tests of Immutep’s drug candidate “eftilagimod alpha” — also known as IMP321 or just “efti”.
The two heavyweights will evaluate the combination of efti with an approved cancer drug called “avelumab” in patients with advanced tumours in a Phase I safety and efficacy trial.
Eden Innovations (ASX:EDE) shares are up 29 per cent to an intraday high of 4.5c after telling investors that its first US Govt-backed highway repair project was about to begin.
The company makes EdenCrete, a concrete additive, and approximately US$525,000 of it will be used in a highway repair project in the state of Georgia.
Australia’s newest listed pot stock Althea (ASX:AGH) has continued its bright start to life in the ASX, rising 31 per cent this morning to an intraday high of 73.5c — but may earn itself a speeding ticket as $4.8m worth of shares have traded hands, despite there being no news.
By the end of last week, Althea had tripled on its ASX debut, reaching 60c after being issued at 20c.
Here are the best performing ASX small cap stocks at 12.15pm Monday Sep 24:
Swipe or scroll to reveal the full table. Click headings to sort
ASX code | Company | Price change today (12pm) | Price (12pm) | Volume | Market Cap |
---|---|---|---|---|---|
NIU | NIUMINCO GROUP L | 1 | 0.2c | 6M | 2.7M |
CMM | CAPRICORN METALS | 0.53 | 9c | 500k | 44.1M |
MRD | MOUNT RIDLEY MIN | 0.5 | 0.3c | 5M | 3.8M |
MOX | MONAX MINING | 0.5 | 0.3c | 38k | 1.8M |
EUZ | EUROPA METALS | 0.5 | 0.3c | 3M | 13.9M |
SXX | SOUTHERN CROSS | 0.33 | 0.8c | 100k | 6.5M |
LNY | LANEWAY RESOURCE | 0.33 | 0.4c | 144k | 10.6M |
AXT | ARGO EXPLORATION | 0.33 | 1.6c | 105k | 2.2M |
AGH | ALTHEA GROUP HOL | 0.29 | 72.5c | 3M | 113.9M |
EDE | EDEN INNOVATIONS | 0.29 | 4.5c | 5M | 51.4M |
SER | STRATEGIC ENERGY | 0.25 | 0.5c | 100k | 3.5M |
DDD | 3D RESOURCES | 0.25 | 0.5c | 10k | 4.0M |
AUL | AUSTAR GOLD | 0.25 | 0.5c | 300k | 8.5M |
SDL | SUNDANCE RESOURC | 0.2 | 0.6c | 5M | 45.7M |
MED | MERLIN DIAMONDS | 0.2 | 0.6c | 120k | 16.5M |
LRS | LATIN RESOURCES | 0.2 | 0.6c | 4M | 15.3M |
EM1 | EMERGE GAMING | 0.2 | 1.2c | 104k | 5.9M |
KMT | KOPORE METALS | 0.18 | 2.6c | 360k | 11.9M |
VAL | VALOR RESOURCES | 0.17 | 0.7c | 149k | 11.0M |
MRV | MORETON RESOURCE | 0.17 | 0.7c | 100k | 18.6M |
GTE | GREAT WESTERN EX | 0.17 | 0.7c | 357k | 5.5M |
DEG | DE GREY MINING | 0.16 | 16.8c | 103k | 52.7M |
AVA | AVA RISK GROUP L | 0.16 | 22c | 1M | 40.1M |
AXP | AIRXPANDERS-CDI | 0.15 | 11.5c | 45k | 55.8M |
PNN | PEPINNINI LITHIU | 0.14 | 0.8c | 4M | 4.3M |
MZN | MARINDI METALS L | 0.14 | 0.8c | 500k | 12.5M |
CZN | CORAZON MINING L | 0.14 | 0.8c | 323k | 8.9M |
AOA | AUSMON RESOURCES | 0.14 | 0.8c | 1M | 3.6M |
AIS | AERIS RESOURCES | 0.14 | 32c | 262k | 128.2M |
ODA | ORCODA | 0.13 | 18c | 92k | 14.3M |
GOING DOWN
Pancontinental Oil and Gas (ASX:PCL) has lost all the gains it has made in the past month — and then some — after failing to find anything in a much-hyped offshore exploration well near Namibia.
“The Cormorant1 exploration well in PEL 37 offshore Namibia has reached a total measured depth of 3,855m and is to be plugged and abandoned as a dry hole,” Pancon told inevstors on Monday morning.
“The well has been efficiently drilled by operator Tullow Oil, reaching total depth on 21 September 2018, materially quicker than prognosed.”
The shares dropped 50 per cent to 0.4c on Monday after reaching a 12-month high of 1.1c last month.
Generic drugs maker Acrux (ASX:ACR) plummeted 24 per cent to an intraday low of 20.5c.
Acrux wants to make a generic version of a toenail fungus solution made by Valeant Pharma — renamed Bausch Health in May.
But Bausch subsidiary, Valeant Pharmaceuticals North America LLC, has launched a lawsuit against Acrux — and 13 other generic drug developers — to protect its patented drug.
“This action is expected and formally initiates the litigation process under the Hatch-Waxman Act,” Acrux told investors in an ASX announcement on Monday morning
Here are the worst performing ASX small cap stocks at 12.15pm Monday 24 September:
Swipe or scroll to reveal the full table. Click headings to sort
ASX code | Company | Price change today (12pm) | Price (12pm) | Volume | Market Cap |
---|---|---|---|---|---|
PCL | PANCONTINENTAL | -0.57 | 0.3c | 59M | 37.8M |
DHR | DARK HORSE RESOU | -0.33 | 0,.8c | 14M | 23.1M |
CCE | CARNEGIE CLEAN E | -0.25 | 0.9c | 5M | 34.6M |
LML | LINCOLN MINERALS | -0.25 | 1.2c | 31k | 9.2M |
ICG | INCA MINERALS | -0.2 | 0.4c | 200k | 13.9M |
CYG | COVENTRY GROUP | -0.19 | $1.10 | 6k | 51.3M |
ACR | ACRUX | -0.18 | 22.5c | 947k | 45.8M |
AVD | ANTILLES OIL AND | -0.17 | 3c | 132k | 4.9M |
ALT | ANALYTICA | -0.17 | 0.5c | 230k | 20.0M |
TMP | TECH MPIRE | -0.15 | 5c | 30k | 5.2M |
TNG | TNG | -0.15 | 11.5c | 2M | 112.3M |
CPV | CLEARVUE TECHNOL | -0.15 | 46.5c | 794k | 52.8M |
AUH | AUSTCHINA HOLDIN | -0.14 | 0.6c | 418k | 7.8M |
AFR | AFRICAN ENERGY | -0.14 | 1.9c | 116k | 13.8M |
WRM | WHITE ROCK MINER | -0.13 | 0.7c | 5M | 13.1M |
VML | VITAL METALS | -0.13 | 0.7c | 63k | 13.9M |
GBM | GBM GOLD | -0.13 | 0.7c | 130k | 8.9M |
ABX | AUSTRALIAN BAUXI | -0.13 | 10.5c | 190k | 17.5M |
FOD | FOOD REVOLUTION | -0.11 | 13.3c | 1M | 65.1M |
WML | WOOMERA MINING L | -0.11 | 8c | 20k | 10.1M |
OGA | OCEAN GROWN ABAL | -0.11 | 16c | 55k | 31.3M |
KWR | KINGWEST RESOURC | -0.11 | 16c | 25k | 9.1M |
PNX | PNX METALS | -0.11 | 0.8c | 1M | 12.2M |
CYQ | CYCLIQ GROUP | -0.11 | 0.8c | 104k | 7.0M |
CTM | CENTAURUS METALS | -0.11 | 0.8c | 549k | 20.7M |
MHC | MANHATTAN CORP | -0.1 | 0.9c | 238k | 7.4M |
DLC | DELECTA | -0.1 | 0.9c | 396k | 6.3M |
CZR | COZIRON RESOURCE | -0.1 | 1.8c | 1M | 35.7M |
CVV | CARAVEL MINERALS | -0.1 | 4.5c | 10k | 7.7M |
TIN | TNT MINES | -0.1 | 18.5c | 15k | 6.3M |