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Lunchtime ASX small cap wrap: Who’s living in the wowser state today?
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The rest of Australia really does feel for Sydneysiders, probably.
Two days after the Sydney city council bowed to “overwhelming” demands from the city’s denizens to give them back a 24-hour social life and promised to overhaul the city’s nightlife laws, an inner city pub has been noise-controlled for inconsiderate and annoyingly loud games of… petanque.
Apparently the clanking of balls at the Black Bottle bar, wedged between the extremely busy Darlinghurst Road and Victoria Street, was too much for one neighbour.
Here are the key ASX small cap winners at lunchtime on May 8, 2019.
The ASX Small Ords was down 22.1 points or 0.79 per cent to 2,788.4 at midday AEST.
GOING UP
Grow-your-own-body-part biz Orthocell (ASX:OCC) was flying this morning after releasing early data from the company’s Phase III trial of its CelGro technology in patients with damaged nerves.
It’s shown that patients have regained sensation and muscle function in affected limbs, reporting an 83 per cent improvement in muscle power.
Next up with news is Gulf Manganese (ASX:GMC), which cheerily informed the market today it’s got an Indonesian licence to export 103,162 tonnes of manganese concentrate a year.
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And finally, Flexigroup (ASX:FXL) says Myer, IKEA, JB Hifi New Zealand, Solomon’s Carpets, Strandbags, National Hearing, National Dental Plan and City Fertility have joined its buy-now-pay-later (BNPL) platform.
Of most interest to Stockhead this morning was its claim to be the inventor of BNPL. A spokesman for the company says it started a white labelled BNPL service about 20 years ago (what we’d know as layby), and consumer-oriented (albeit sold via retailers) services since 2000.
Here are the best performing ASX small cap stocks at 11.30, May 8, 2019:
Swipe or scroll to reveal the full table. Click headings to sort
| Ticker | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| OCC | Orthocell Ltd | 0.27 | 145% | $35,600,000 | 13.9M |
| ARO | Astro Resources NL | 0.003 | 50% | $3,800,000 | 2.5M |
| GLE | GLG Corp Ltd | 0.15 | 36% | $11,100,000 | 20.0k |
| MLS | Metals Australia Ltd | 0.002 | 33% | $5,400,000 | 50.0k |
| DTR | Dateline Resources Ltd | 0.003 | 20% | $23,900,000 | 68.5M |
| GMC | Gulf Manganese Corp Ltd | 0.006 | 20% | $25,300,000 | 8.8M |
| KTE | K2 Energy Ltd | 0.006 | 20% | $1,800,000 | 580.0k |
| SM8 | Smart Marine Systems Ltd | 0.02 | 20% | $3,100,000 | 20.8k |
| AZS | Azure Minerals Ltd | 0.12 | 20% | $13,300,000 | 108.2k |
| RSH | Respiri Ltd | 0.13 | 19% | $65,700,000 | 1.7M |
| NHL | Novita Healthcare Ltd | 0.02 | 19% | $8,500,000 | 100.1k |
| KPO | Kalina Power Ltd | 0.03 | 17% | $20,300,000 | 446.7k |
| PIO | Pioneer Resources Ltd | 0.014 | 17% | $21,100,000 | 65.0k |
| QFY | Quantify Technology Holdings L | 0.007 | 17% | $6,800,000 | 435.8k |
| FXL | FlexiGroup Ltd/Australia | 1.57 | 16% | $617,200,000 | 2.7M |
| HLX | Helix Resources Ltd | 0.02 | 14% | $10,200,000 | 60.0k |
| AQX | Alice Queen Ltd | 0.02 | 14% | $10,400,000 | 100.0k |
| EQE | Equus Mining Ltd | 0.008 | 14% | $7,200,000 | 62.5k |
| LER | Leaf Resources Ltd | 0.03 | 14% | $9,800,000 | 112.6k |
| TSN | Transaction Solutions Internat | 0.008 | 14% | $19,300,000 | 250.0k |
| OAR | Oakdale Resources Ltd | 0.03 | 15% | $5,200,000 | 466.0k |
GOING DOWN
In investors’ bad books and leading the downward falls today is YPB (ASX:YPB), which has had to explain its role in an increasingly confusing crypto deal that involved First Growth Funds (ASX:FGF), DigitalX (ASX:DCC), and Blockchain Global.
The ‘token sale event’ was launched at the height of the crypto craze in December 2017, and the ASX is now trying to ascertain what money has changed hands, who is still participating in this deal and what everyone has actually done. And whether YPB ever saw any of a whopping $30m they’d speculated the token sale might raise.
Here are the worst performing ASX small cap stocks at 11.30, May 8, 2019:
Swipe or scroll to reveal the full table. Click headings to sort
| Ticker | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| SRO | Shareroot Ltd | 0.001 | -50% | $1,600,000 | 998.9k |
| CMC | China Magnesium Corp Ltd | 0.02 | -40% | $9,700,000 | 33.8k |
| YPB | YPB Group Ltd | 0.006 | -33% | $5,500,000 | 8.9M |
| TSC | Twenty Seven Co Ltd | 0.003 | -25% | $2,700,000 | 190.5k |
| OEX | Oilex Ltd | 0.003 | -25% | $7,700,000 | 56.6k |
| WNB | Wellness and Beauty Solutions | 0.013 | -24% | $4,600,000 | 2.8M |
| XPL | Xplore Wealth Ltd | 0.1 | -23% | $29,700,000 | 115.0k |
| TV2 | TV2U International Ltd | 0.004 | -20% | $9,100,000 | 2.0M |
| PCL | Pancontinental Oil & Gas NL | 0.004 | -20% | $10,800,000 | 495.0k |
| CXZ | Connexion Telematics Ltd | 0.008 | -20% | $6,800,000 | 2.3M |
| AEE | Aura Energy Ltd | 0.009 | -18% | $10,900,000 | 31.5M |
| VIC | Victory Mines Ltd | 0.003 | -17% | $3,100,000 | 307.4k |
| AAJ | Aruma Resources Ltd | 0.005 | -17% | $3,100,000 | 400.0k |
| FPL | Fremont Petroleum Corp Ltd | 0.008 | -17% | $11,900,000 | 18.4M |
| ADO | Anteo Diagnostics Ltd | 0.01 | -17% | $17,400,000 | 6.9M |
| NVO | NVOI Ltd | 0.02 | -14% | $19,700,000 | 23.3M |
| TAR | Taruga Minerals Ltd | 0.03 | -14% | $4,200,000 | 306.8k |
| MZN | Marindi Metals Ltd | 0.003 | -14% | $6,300,000 | 600.0k |
| IPT | Impact Minerals Ltd | 0.006 | -14% | $7,900,000 | 300.0k |
| CZL | Consolidated Zinc Ltd | 0.012 | -14% | $14,100,000 | 266.7k |
