Lunchtime ASX small cap wrap: Who’s praying for rain today?

This week, another new Australian climate record was set: on Monday, it didn’t rain anywhere on mainland Australia.

That’s the first time that has ever happened, according to the Bureau of Meteorology.

“The team can’t comprehensively identify a day in our records where there hasn’t been rain somewhere on continental Australia,” a bureau spokesman told the Sydney Morning Herald.

Tasmania had a little rain.

At lunch the ASX 200 was down 0.19 per cent to 6,740 points while the ASX small ords was up 0.25 per cent to 2,919 points.

Going up

EML Payments (ASX:EML) climbed 10 per cent this morning as its holds its AGM. It reiterated earnings guidance of between $38.5m and $42.5m for this financial year and net profit after tax of $26.2m to $29.4m.

Papyrus (ASX:PPY), which makes waste trunks of banana palms into an alternative for wood-based paper products, continued its run, rising another 25 per cent today. It jumped 50 per cent on Monday after revealing it had gained a new strategic investor.

Here are the best performing ASX small cap stocks at lunchtime, Wednesday November 13:

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

Going down

ARQ Group (ASX:ARQ) fell 16 per cent after releasing a dreaded profit downgrade. “Market conditions in the company’s Enterprise division remain challenging. A number of client opportunities expected to contribute to revenue in the final quarter of 2019 have been delayed,” it said.

Here are the worst performing ASX small cap stocks at lunchtime, Wednesday November 13:

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