Lunchtime ASX small cap wrap: who’s scoring and who’s defending
Here are the key ASX small cap gainers and losers Monday at 12pm AEST.
The ASX Small Ords was up 10 points to 2807 at lunch.
In the green
HR tech Gooroo Ventures (ASX:GOO) inked a deal to expand a partnership with consultancy KPMG — a move that sent its share price up 40 per cent to 8.4c.
KPMG will use the platform to recruit staff, provide analytics on decision-making and support the alignment of consultants.
Gooroo chief Greg Muller said the software had transformative potential for the firm.
Developer ServTech Global (ASX:SVT) surged 25 per cent on news it was developing an international eSports platform with newly-listed Emerge Gaming (ASX:EM1).
The tech stock was trading at 2c at midday.
The contract, which formalises a successful two-month trial, is worth about $500,000 over the next two years.
Initially ServTech will assist Emerge with IT development to customise its platform for a deal with MTN Group, adding to its current eSports offering Arcade X.
ServTech says it’s the biggest development contract since its inception and would help ensure the business became profitable.
News of a potential manganese purchase has spurred Bryah Resources (ASX:BRY) up 23 per cent to trade at 16c on Monday.
Bryah secured an exclusive option to buy a mining lease covering the historical Horseshoe South Manganese Mine as well as the rights over 154 sq km of adjoining ground.
From 1948 to 1971 the site has produced 490,00 tonnes of manganese.
Jindalee Resources (ASX:JRL) was up 22 per cent to 24.5c and Biotron (ASX:BIT) gained 20 per cent to 2.9c — both on no news.
In the red
Orminex (ASX:ONX) is down 97 per cent to 5.8c on its first day back on the local bourse.
The company — formerly Mintails — acquired half the Comet Vale gold project and all the Golden Lode gold project, both located north-west of Kalgoorlie, WA.
Orminex raised $7 million at 3c a share to fund its revival.
Alongside the relisting, Orminex told the market it had entered into a deal with Eastern Goldfields Milling Services for the processing of ore from its Comet Vale gold project.
Gold explorer Apollo Consolidated (ASX:AOP) fell 18 per cent to 20.5c after updating the market on its Rebecca Gold Project.
Drilling confirmed extensions to gold mineralisation and potential for other high-grade positions associated with the system.
Detailed planning was now underway to ramp up drilling activity.
NT gold miner Ark Mines (ASX:AHK) was down 16 per cent to 7c.
The company recently presented its extended environmental study after delays caused by rainy weather.
Managing director Roger Jackson said it was the last critical component of the mine management plan.
Nickel cobalt play Traka Resources (ASX:TKL) was down 13 per cent to 4.5c on news of its latest ballot wins.
It told the market it had been successful in winning two of three ballots for contested tenements abutting the Quicksilver project — owned by Golden Mile Resources (ASX:G88).
Superior Lake Resources (ASX:SUP) fell back 11 per cent to trade at 3c after it spiked on good news last week.
The company announced it had received outstanding historical drill results as part of its redevelopment of Superior Lake Zinc Project.
Shares jumped as high as 3.5c — but today fell back to previous trading levels.