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Here are the key ASX small cap winners at lunch Tuesday February 5:
The ASX Small Ords hit its highest point since early December, up 22.6 points or 0.9 per cent to 2,625.9 at 12pm AEST.
Fremantle-based fishery Mareterram (ASX:MTM) has received a $39 million takeover bid from Sea Harvest, sending its shares up 17 per cent to 24c.
Sea Harvest already owns 56.28 per cent of Mareterram after lobbing a proportional bid in 2016 for half of the shares in the company it didn’t own.
The fun continues at payments provider and the ASX’s newest member Splitit (ASX:SPT), which is up 13 per cent to another new high of 77c.
The company had no news out today, but has been garnering plenty of attention since its debut last week. It has seen a 285 per cent rise on the offer price.
The Data Exchange (ASX:DXN) was reinstated to quotation yesterday after releasing a market update detailing a strategy change, and its shares are up 27 per cent to 8.9c.
“We have adjusted our 2019 strategy to cater for increased cash outflows because of delays in the completion of the data centres, additional investment in capital equipment and strategic investment in experienced personnel,” it said.
“The company’s long-term objectives have not changed however our short to medium term priorities have been realigned to accommodate the current cash position.”
Explorer Bellevue (ASX:BGL) has again boosted the size of its namesake Western Australian gold project, this time by 43 per cent to smash through the magical 1.5-million-ounce ceiling.
Its shares are up 10 per cent to an intraday high of 56c.
Swipe or scroll to reveal the full table. Click headings to sort
ASX code | Company | % change | Last price | Volume | Market cap |
---|---|---|---|---|---|
CUX | Crossland Strategic Metals | 33% | 0.4c | 20,000 | $3m |
MLS | Metals Australia | 33% | 0.4c | 1,100,000 | $7m |
CZN | Corazon Mining | 25% | 0.5c | 8,299,205 | $5.1m |
S3R | Serpentine Technologies | 25% | 0.5c | 220,000 | $2.9m |
AUL | Austar Gold | 25% | 0.5c | 14,607,096 | $13.6m |
MRV | Moreton Resources | 20% | 0.6c | 100,000 | $15.5m |
SMD | Syndicated Metals | 20% | 0.6c | 315,594 | $3.2m |
DXN | The Data Exchange | 20% | 8.4c | 846,909 | $8.3m |
FBR | FBR | 17% | 13.5c | 3,812,294 | $142.8m |
MTM | Mareterram | 17% | 24c | 900,491 | $31.7m |
Diversified fintech FlexiGroup (ASX:FXL) has slashed its 2019 full-year profit guidance by as much as $24 million as it is beset by problems in its commercial leasing business and slow growth.
Shareholders were understandably quite upset, sending the shares down 23 per cent to 97.5c, an all-time low.
Factor Therapeutics (ASX:FTT) shares dropped 25 per cent to 0.3c. The company raised $417,000 to fund its hunt for a new project.
Stockhead recently interviewed its CEO Dr Rosalind Wilson about what Factor Therapeutics got right in the drug trial that ultimately nearly sank the company.
Swipe or scroll to reveal the full table. Click headings to sort
ASX code | Company | % change | Last price | Volume | Market cap |
---|---|---|---|---|---|
MGT | Magnetite Mines | -40% | 0.3c | 805,101 | $3.7m |
MNC | Metminco | -33% | 0.2c | 5,176,385 | $3.4m |
NTI | Neurotech International | -28% | 2.9c | 36,208 | $4.4m |
DOR | Doriemus | -27% | 8c | 6,500 | $6.4m |
SUR | Sun Resources | -25% | 0.3c | 320,450 | $3.5m |
FTT | Factor Therapeutics | -25% | 0.3c | 58,221,752 | $3.3m |
ANL | Amani Gold | -25% | 0.3c | 1,627,236 | $7.4m |
MOC | Mortgage Choice | -25% | 79.2c | 1,344,662 | $131.2m |
CWX | Carawine Resources | -22% | 12.5c | 54,331 | $8.6m |
IVO | Invigor Group | -20% | 0.4c | 17,226 | $13m |