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:
Swipe or scroll to reveal the full table. Click headings to sort
| 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 |
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:
Swipe or scroll to reveal the full table. Click headings to sort
| 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 |