New York may be one of the most expensive markets for accomodation but the saying ‘you get what you pay for’ rings true nonetheless.

26-year-old Zoe Reeve was visiting the Big Apple from Britain and booked this Airbnb. But judging by her reaction on her social media accounts as well as to the media, she didn’t do her homework enough.

It was sad when Harry Potter spent his pre-Hogwarts childhood in a cupboard. But when a grown adult pays for it without knowing what they’re getting themselves into – many people’s frowns go upside down.

The saying ‘you get what you pay for’ may not apply to our markets though – at least today. The ASX Small Ords gained 0.39 per cent to stand at 2,848 points while the ASX 200 lost 0.09 per cent to sit at 6,598 points.

There was a tonne of data this morning. The Melbourne Institute’s inflation for August came in at 1.7 per cent – although only the ABS’ quarterly figures are recognised by the RBA.

ANZ job advertisements fell 2.8 per cent in August and companies’ gross operating profits rose 4.5 per cent quarter on quarter.

While another round of US tariffs on China came into effect overnight, our markets won’t be hit by any aftershock from Wall St until at least Wednesday, markets are shut overnight for Labour Day.

Going up

BPH Energy (ASX:BPH) is getting into cannabis and it doubled after announcing its initial investment.

Victory Mines (ASX:VIC) jumped 50 per cent, although it’s still only 0.3c. It has provided shareholders with a company update.

Base metals explorer St George Mining (ASX:SGQ) climbed 18 per cent after intersecting nickel-copper sulphides at its West Australian project.

Here are the best performing ASX small cap stocks at lunchtime, Monday September 2:

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Code Name Price % Chg Market Cap Volume
BPH BPH Energy Ltd 0.002 +100.00% $5.7M 800.0k
VIC Victory Mines Ltd 0.003 +50.00% $2.0M 1.2M
ALT Analytica Ltd 0.004 +33.33% $14.1M 250.0k
ROG Red Sky Energy Ltd 0.004 +33.33% $2.5M 500.0k
PGY Pilot Energy Ltd 0.06 +33.33% $4.5M 2.9M
LSA Lachlan Star Ltd 0.009 +28.57% $6.8M 166.4k
AD1 ApplyDirect Ltd 0.02 +26.67% $10.0M 346.9k
SEI Speciality Metals International 0.05 +25.00% $53.1M 1.3M
SDA SpeedCast International Ltd 0.95 +22.58% $226.6M 9.6M
PIL Peppermint Innovation Ltd 0.011 +22.22% $10.9M 180.0k
DOR Doriemus PLC 0.03 +21.43% $2.0M 13.1k
PWN Parkway Minerals NL 0.01 +20.00% $4.3M 4.5k
NSX NSX Ltd 0.21 +20.00% $38.8M 16.3k
GME GME Resources Ltd 0.06 +19.61% $30.9M 1.9k
PAA PharmAust Ltd 0.13 +19.05% $35.0M 2.2M
ARL Ardea Resources Ltd 0.54 +18.68% $58.1M 266.0k
BSX Blackstone Minerals Ltd 0.16 +18.52% $25.8M 1.3M
POS Poseidon Nickel Ltd 0.05 +18.42% $118.9M 16.9M
AQI Alicanto Minerals Ltd 0.07 +18.33% $11.7M 907.8k
SGQ St George Mining Ltd 0.17 +17.86% $64.5M 7.4M
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Going down

Financial results sent several stocks down. Simavita (ASX:SVA) crashed 38 per cent and Bass Oil (ASX:BAS) fell 25 per cent.

The once large law firm Slater and Gordon (ASX:SGH) declined 19 per cent as a capital raise took effect.

Here are the worst performing ASX small cap stocks at lunchtime, Monday September 2:

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Code Name Price % Chg Market Cap Volume
SVA Simavita Ltd 0.005 -37.50% $2.1M 4.9M
XPE Xped Ltd 0.002 -33.33% $1.5M 1.1M
VPR Volt Power Group Ltd 0.002 -33.33% $8.2M 3.0M
AYR Alloy Resources Ltd 0.002 -33.33% $3.4M 1.2M
ARO Astro Resources NL 0.002 -33.33% $2.5M 1.7M
UTR Ultracharge Ltd 0.003 -25.00% $1.6M 223.5k
QGL Quantum Graphite Ltd 0.003 -25.00% $11.5M 14.8M
CAV Carnavale Resources Ltd 0.003 -25.00% $4.5M 80.0k
BAS Bass Oil Ltd 0.003 -25.00% $4.4M 20.8M
FAM Family Insights Group Ltd 0.08 -20.00% $4.0M 171.1k
YPB YPB Group Ltd 0.004 -20.00% $4.6M 369.0k
MLS Metals Australia Ltd 0.004 -20.00% $5.9M 725.0k
DTI DTI Group Ltd 0.03 -19.35% $5.4M 690.4k
SGH Slater & Gordon Ltd 1.21 -19.33% $83.4M 8.5k
BHL Boyuan Holdings Ltd 0.14 -17.65% $48.0M 8.0k
TOU Tlou Energy Ltd 0.09 -17.14% $39.2M 216.1k
GLH Global Health Ltd 0.13 -16.67% $4.2M 35.8k
PNN PepinNini Lithium Ltd 0.005 -16.67% $3.1M 440.0k
PCL Pancontinental Oil & Gas NL 0.005 -16.67% $13.5M 6.8M
DDD 3D Resources Ltd 0.005 -16.67% $2.9M 11.6M
ARE Argonaut Resources NL 0.005 -16.67% $7.8M 1.0M
BUD Buddy Technologies Ltd 0.03 -15.15% $54.3M 1.1M
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