Lunchtime ASX small cap wrap: Who’s made a rate-risking wrong turn today?
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When you take an Uber, you rate your driver and your driver rates you. Sometimes you share a good conversation, but other times…
uber driver:
me:
uber driver:
me: *gives 5 stars for silent ride*— Guii (@PUNKASSLATTE) July 27, 2018
But we’ll never know how this potential Uber ride yesterday at Bondi turned out. The driver drove into what they thought was a driveway but it was actually a set of stairs.
The driver will reportedly avoid charges but we would imagine potential passengers may put a little thought into their rating if they came across this vehicle.
Thankfully the car did not plunge that far down the stairs even though it is stuck.
Our markets are in a similar state, having fallen from July highs to be stagnant today. The ASX Small Ords is only 1 point higher today, 0.04 per cent to 2,871, while the ASX 200 is currently unchanged at 6,590.
NAB business confidence is up but business conditions are down despite the June and July rate cuts. As for ANZ/Roy Morgan consumer confidence, it fell marginally by 0.3 per cent last week.
While there was little no news out of the US overnight, there was bad news out of Argentina, Brazil and Hong Kong with another populist win, a fall in economic activity and protests forcing an airport to shut down.
Going up
It was a hot morning for the acquirers today. Inca Minerals (ASX: ICG) has climbed 33 per cent after buying another iron ore, copper and gold project.
Metalsearch (ASX: MSE) has bought an entire company – private explorer Abercorn Kaolin – and it is up 57 per cent.
Here are the best performing ASX small cap stocks at lunchtime, Tuesday August 13:
Swipe or scroll to reveal the full table. Click headings to sort
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| RNX | Renegade Exploration Ltd | 0.004 | +60.00% | $2.9M | 3.8M |
| MSE | Metalsearch Ltd | 0.0011 | +57.14% | $5.3M | 93.1M |
| MZN | Marindi Metals Ltd | 0.003 | +50.00% | $4.5M | 20.9M |
| SYT | Syntonic Ltd | 0.003 | +50.00% | $10.0M | 170.0k |
| ICG | Inca Minerals Ltd | 0.004 | +33.33% | $12.4M | 250.0k |
| ROG | Red Sky Energy Ltd | 0.002 | +33.33% | $2.5M | 10.8M |
| WML | Woomera Mining Ltd | 0.05 | +28.57% | $5.1M | 64.9k |
| EMPDC | Emperor Energy Ltd | 0.04 | +25.00% | $3.0M | 48.1k |
| WCN | White Cliff Minerals Ltd | 0.005 | +25.00% | $1.9M | 670.0k |
| FGO | Flamingo AI Ltd | 0.006 | +20.00% | $6.7M | 1.1M |
| OAU | Ora Gold Ltd | 0.012 | +20.00% | $7.8M | 500.0k |
| WNB | Wellness and Beauty Solutions | 0.012 | +20.00% | $4.6M | 2.1M |
| AUC | Ausgold Ltd | 0.03 | +18.18% | $20.6M | 6.4M |
| AAJ | Aruma Resources Ltd | 0.007 | +16.67% | $4.6M | 2.0M |
| CTO | Citigold Corp Ltd | 0.007 | +16.67% | $13.0M | 7.4M |
| DTR | Dateline Resources Ltd | 0.0035 | +16.67% | $28.5M | 23.9M |
| GTE | Great Western Exploration Ltd | 0.007 | +16.67% | $9.3M | 16.5M |
| ANW | Aus Tin Mining Ltd | 0.008 | +14.29% | $17.7M | 2.1M |
| TAS | Tasman Resources Ltd | 0.06 | +14.29% | $33.8M | 230.8k |
| PCK | Painchek Ltd | 0.22 | +12.82% | $196.5M | 5.0M |
| FPL | Fremont Petroleum Corp Ltd | 0.009 | +12.50% | $15.0M | 291.5k |
Going down
Australian Pacific Coal (ASX: AQC) has crashed after the Independent Planning Commission refused its request for another five years of mine life.
Here are the worst performing ASX small cap stocks at lunchtime, Tuesday August 13:
Swipe or scroll to reveal the full table. Click headings to sort
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| AQC | Australian Pacific Coal Ltd | 0.22 | -42.11% | $11.1M | 626.6k |
| UTR | Ultracharge Ltd | 0.002 | -33.33% | $2.1M | 350.0k |
| DDD | 3D Resources Ltd | 0.001 | -33.33% | $1.1M | 100.0k |
| CLZ | Classic Minerals Ltd | 0.001 | -33.33% | $4.2M | 5.0M |
| CAD | Caeneus Minerals Ltd | 0.001 | -33.33% | $2.1M | 400.0k |
| ACS | Accent Resources NL | 0.004 | -33.33% | $724K | 10.0k |
| TAR | Taruga Minerals Ltd | 0.02 | -23.33% | $3.2M | 2.5k |
| FAU | First Au Ltd | 0.03 | -22.86% | $7.1M | 14.0M |
| LI3 | Lithium Consolidated Ltd | 0.05 | -20.29% | $5.3M | 14.7k |
| QFY | Quantify Technology Holdings Ltd | 0.004 | -20.00% | $4.6M | 2.9M |
| RHI | Red Hill Iron Ltd | 0.17 | -19.05% | $9.3M | 20.0k |
| PSZ | PS&C Ltd | 0.06 | -15.58% | $16.3M | 57.5k |
| LML | Lincoln Minerals Ltd | 0.006 | -14.29% | $3.4M | 50.0k |
| ANL | Amani Gold Ltd | 0.003 | -14.29% | $15.6M | 22.4M |
| TMT | Technology Metals Australia Lt | 0.18 | -14.29% | $15.8M | 648.8k |
| KKL | Kollakorn Corp Ltd | 0.013 | -13.33% | $2.8M | 4.9k |
| ECS | ECS Botanics Holdings Ltd | 0.08 | -12.64% | $38.6M | 12.7M |
Something a little different…
If you rely on your bank for petrol purchasing advice, CommSec’s released a report showing petrol prices are at the lowest level in five months averaging 137.9 cents per litre.
But today Sydney and Brisbane prices are $1.49 and $1.43 respectively so CommSec economist Ryan Felsman said you should “top up rather than fill up to preserve the family budget”.
The lowest prices are in Adelaide with $1.28 and Perth at $1.30. Felsman argued prices will rise in the next week and this can affect consumer spending and in turn, prospects for retailers.
