In most circumstances, $10 billion is a little too high a market cap for Stockhead to cover. But the biggest story on the ASX today is the news that $21.9 billion Las Vegas casino operator Wynn Resorts has approached Crown Resorts, owner of Crown Casino in Melbourne and Perth, with a takeover offer valuing the gambling giant at $10 billion.

Crown is considering the offer.

Below are the key ASX small cap winners and losers at lunch Tuesday April 9, who might be feeling a little extra small today following that big news.

The ASX Small Ords was up 4.3 points or 0.15 per cent to 2,786.8 at 11.45am AEST.
 

GOING UP

A best-ever quarterly result for solar security camera makers Spectur (ASX:SP3) sent its shares up 13pc this morning to 11c.

Revenue in the 2019 financial year to date stands at $3.4 million, up 96 per cent on this time last year. Camera rentals, sales, active cameras in the field and recurring revenue from the software that comes with the products all rose year-on-year.

Digital speaker maker Audio Pixels (ASX:AKP) still doesn’t have a product but shares in the company, worth $555 million, rose as much as 13 per cent today to $20.02 after it rolled out an update to investors saying that the refinement of the fabrication process is in its “final stages”. The speaker has been 12 years in the making.

Its annual report, released last month, showed revenue of just $86,961 and full-year loss of $4.5 million. Its board of directors and key management staff paid themselves $663,570, an increase of more than $10,000 on the prior year.

More vanadium for Pursuit Minerals (ASX:PUR) sent the miner’s shares up 24 per cent to 2.6c this morning.

Metallurgical test work on vanadium mineralisation from the Airijoki Project in Sweden and the Koitelainen Project in Finland have delivered substantial increases to the mass recovery and overall recovery of vanadium into vanadium magnetite concentrates, the company said.

(And Crown Resorts (ASX:CWN), for what it’s worth, rose 22 per cent today — almost unheard of in a single session for a large cap — to $14.32 a share, the stock’s highest point since August last year.)

Here are the best performing ASX small cap stocks at 12pm Tuesday April 9:

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

Ticker Name Price % Chg Volume
REV Real Estate Investar 0.8c 67 60,000
MTB Mount Burgess Mining 0.4c 50 464,286
AIR Astivita 19c 50 107,557
PBX Pacific Bauxite 1.9c 47 900,774
TTL Transcendence Tech 1.5c 44 1,909,716
PUR Pursuit Minerals 2.6c 34 20,952,941
IVX Invion 2.2c 33 9,928,963
B2Y Bounty Mining 11.5c 29 1,269,385
GTE Great Western 0.6c 29 1,634,597
BMN Bannerman Resources 5.2c 25 13,460,483

 

GOING DOWN

Orminex (ASX:ONX) shares fell 21 per cent to 11.5c this morning after revealing that its strategic partner had lost a contract. GBF Mining had secured a 12-month lease with an attached option to buy 50 per cent of the Burbank’s Mill from Maximus Resources (ASX: MXR).

But Orminex told the market today GBF received a termination notice from Maximus. “Orminex advises that the matter will not cause any short-term impact on mining at Comet Vale and the company will provide an update of mining activities in due course,” it said.

Here are the worst performing ASX small cap stocks at 12pm Tuesday April 9:

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

Ticker Name Price % Chg Volume
MLS Metals Australia 0.1c -50 636,750
SRO Shareroot 0.1c -50 1,000,000
T3D 333D 0.1c -50 75,000
THD Thred 0.2c -33 771,470
GPP Greenpower Energy 0.2c -33 200,000
GBR Great Boulder Resources 10.5c -28 1,376,307
ENT Enterprise Metals 0.9c -25 163,457
MMR MEC Resources 0.7c -22 1,471,941
SL1 Symbol Mining 0.7c -22 14,928,753
ONX Orminex 11.5c -21 790,132