Lunchtime ASX small cap wrap: Who’s looking to run today?
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It’s official — Joe Biden is running for US president in 2020.
In other news, Microsoft’s market cap touched an incredible $US1 trillion after better than expected earnings, while Tesla has fallen into the red once again, posting a $US702m loss for the quarter.
Overall, US markets were more muted on Thursday after Tuesday’s record-breaking run, and the local bourse followed that trend in morning trade.
The Small Ords index – which measures the health of small cap companies on the ASX – was down 0.12 per cent, or 3.4 points to 2,851.4 at about 11:45am EST.
Here’s the state of play at lunch Friday April 26:
Tinybeans (ASX:TNY) caught a rocket earlier this month when it announced an advertising deal with Lego.
The news website for parents is up another 35 per cent this morning after unveiling a new content platform that will be available to users worldwide.
Geopacific Resources (ASX:GPR), which is trying to get its low cost 100,000oz a year Woodlark project in PNG up and running, surged 21 per cent on no news this morning.
Tanzanian graphite explorer Kibaran Resources (ASX:KNL) was also up 13 per cent on no news.
The losers column was dominated by microcaps, like lithium/ nickel play Caeneus Minerals (ASX:CAD) and tech company AssetOwl (ASX:AO1), who were down 50 per cent and 44 per cent respectively.