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Lunchtime ASX small cap wrap: Who’s making pals with the Pope today?
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Undefeated WBC world heavyweight boxing champ Deontay Wilder – who has 41 knockouts from 42 fights — is now Pope Francis’ Ambassador for Peace.
Your Ambassador for Peace, everyone:
“Be peaceful or else,” he probably told US – China officials, who finally announced a “phase one” trade agreement on Friday. Happy days.
There’s also some key Australian data out today, including the Mid-Year Economic and Fiscal Outlook which “is likely to show an improved fiscal position”, according to the Commonwealth Bank.
The ASX Small Ords – which measures the health of the smaller end of the market – was up 0.52 per cent to 2,895 points in morning trade.
WINNERS
National Veterinary Care (ASX:NVL) shares shot up over 50 per cent this morning on a takeover bid that the board wasted no time in endorsing.
Private company VetPartners, which operates 140 clinics across Australia, NZ and Singapore, made a $3.70 per share takeover bid, valuing National Veterinary Care at $251.5m — a 56.8 per cent premium to its closing share price last Friday.
READ: Petcare is a $US125bn market; here are the small cap contenders
Here are the best performing ASX small cap stocks at 12pm Monday December 16:
Swipe or scroll to reveal the full table. Click headings to sort
| Code | Name | Price | % Chg | Market Cap |
|---|---|---|---|---|
| NVL | National Veterinary Care | 3.61 | +52.97% | $242.4M |
| LSA | Lachlan Star | 0.006 | +50.00% | $4.5M |
| CCE | Carnegie Clean Energy | 0.0015 | +50.00% | $16.7M |
| SRN | Surefire Resources | 0.003 | +50.00% | $1.9M |
| LIT | Lithium Australia | 0.07 | +33.33% | $37.9M |
| EPM | Eclipse Uranium | 0.004 | +33.33% | $4.9M |
| KMT | Kopore Metals | 0.004 | +33.33% | $2.6M |
| RAN | Range International | 0.02 | +33.33% | $4.8M |
| AYR | Alloy Resources | 0.002 | +33.33% | $4.2M |
| PNN | PepinNini Lithium | 0.0025 | +25.00% | $3.6M |
| IDZ | Indoor Skydiving Australia | 0.012 | +20.00% | $4.0M |
| SLX | Silex Systems | 0.4 | +17.65% | $66.5M |
| WWI | West Wits Mining | 0.007 | +16.67% | $6.5M |
| LIN | Lindian Resources | 0.04 | +16.22% | $23.7M |
| AFR | African Energy Resources | 0.02 | +15.38% | $9.3M |
| GIB | Gibb River Diamonds | 0.02 | +15.00% | $4.1M |
| RCW | RightCrowd | 0.25 | +13.64% | $49.8M |
| PSC | Prospect Resources | 0.17 | +13.33% | $40.1M |
LOSERS
A 1.2c stock on April 1, Brazilian gold explorer Meteoric Resources (ASX:MEI) had motored to 4.7c by last Friday — that’s a 291 per cent return for investors.
But there will be no early Christmas present for the former market darling, which has just plunged ~27 per cent on some pretty average drilling results at the Novo Astro project.
Here are the worst performing ASX small cap stocks at 12pm Monday December 16:
Swipe or scroll to reveal the full table. Click headings to sort
| Code | Name | Price | % Chg | Market Cap |
|---|---|---|---|---|
| ECT | Environmental Clean Technologies | 0.001 | -50.00% | $4.8M |
| PSM | Peninsula Mines | 0.002 | -33.33% | $2.0M |
| CAD | Caeneus Minerals | 0.001 | -33.33% | $2.3M |
| BAS | Bass Oil | 0.002 | -33.33% | $6.7M |
| MEI | Meteoric Resources | 0.03 | -27.66% | $38.1M |
| PCL | Pancontinental Oil & Gas | 0.0015 | -25.00% | $8.1M |
| GTE | Great Western Exploration | 0.003 | -25.00% | $3.8M |
| ARE | Argonaut Resources | 0.003 | -25.00% | $4.7M |
| ENT | Enterprise Metals | 0.007 | -22.22% | $3.2M |
| PPL | Pureprofile | 0.011 | -21.43% | $1.3M |
| KOR | Korab Resources | 0.011 | -21.43% | $3.5M |
| OLL | OpenLearning | 0.13 | -21.21% | $18.2M |
| WRM | White Rock Minerals | 0.004 | -20.00% | $7.4M |
| MRD | Mount Ridley Mines | 0.002 | -20.00% | $5.4M |
| PRN | Perenti Global | 1.73 | -17.22% | $1.1B |
| REF | Reverse Corp | 0.005 | -16.67% | $464K |
| KEY | Key Petroleum | 0.005 | -16.67% | $8.4M |
| RFN | Reffind | 0.0025 | -16.67% | $1.6M |
