HEAR IT FIRST WITH OUR DAILY NEWSLETTER



We don't spam. Learn more about our Privacy Policy

Here are the key ASX small cap winners and losers at lunch Friday October 5:

The ASX Small Ords was down 9 points or 0.3 per cent to 2,846.3 at 1pm AEST.

GOING UP

Real estate property investor Phileo (ASX:PHI) rose 7 per cent to $13.95 on a quiet Friday morning for ASX traders.

Phileo is looking to delist from the ASX after more than three decades — and it’s offering shareholders $12.66 a share to sell out.

Phileo, which has a market cap of $378 million but only 28.9m shares on issue, had been thinking of ways to deliver its shareholders value following a significant increase in the company’s cash reserves from the sale of properties it owned.

Shareholders “expressed an interest in these sale proceeds being distributed to them”, Phileo said this morning.

Biometric security pay Maxsec Group (ASX:MSP) rose 12 per cent to 2.8c today after intruder detector AVA Risk Group finalised its takeover.

AVA –which now owns more than 90 per cent of Maxsec — will move to compulsorily acquire the business at 3c per share.

AVA valued the shares at between 2.9c and 3.3c according to a independent expert’s report.

Junior gold and copper miner Doray Minerals (ASX:DRM) rose 3 per cent to 35.5c.

Doray will sell its Andy Well gold mine for $10 million to focus on its flagship Deflector operation in Western Australia.

The cash and shares deal with Canadian miner Galane Gold also includes a joint venture over Doray’s nearby Gnaweeda Project, which has a current resource of 322,000oz, Doray said.

Doray was the best performing IPO of 2010 — rocketing from 20c to $1.40 – which was driven by strong exploration results at Andy Well.

Here are the best performing ASX small cap stocks at 12.30pm AEST Friday October 5:

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

ASX codeCompanyPrice change today (12.30pm)Price (12.30pm)VolumeMarket Cap
ABLABILENE OIL AND20.006200k795.2k
XPEXPED0.50.0033M3.8M
NIUNIUMINCO GROUP L0.50.00310M6.8M
MRDMOUNT RIDLEY MIN0.50.00376k3.8M
ABVADVANCED BRAKING0.50.0035M7.4M
ZYBZYBER HOLDINGS0.4166666666670.0179M7.8M
QGLQUANTUM GRAPHITE0.3333333333330.00423M22.5M
CIOCONNECTED IO0.3333333333330.0041M3.5M
CP1CANNPAL ANIMAL0.3076923076920.1788k12.6M
PNNPEPINNINI LITHIU0.2857142857140.0093M4.4M
OVLORO VERDE0.250.0053M7.0M
ICGINCA MINERALS0.250.0052M11.2M
AGRAGUIA RESOURCES0.2222222222220.165367k17.8M
SDLSUNDANCE RESOURC0.20.0065M45.7M
PMYPACIFICO MINERAL0.20.006150k7.0M
BUYBOUNTY OIL & GAS0.20.006750k4.8M
GMCGULF MANGANESE C0.1666666666670.0149M34.3M
AAJARUMA RESOURCES0.1666666666670.007830k3.1M
LCMLOGICAMMS0.1612903225810.18139k12.7M
MRVMORETON RESOURCE0.1428571428570.0082M24.8M
IVOINVIGOR GROUP0.1428571428570.008100k10.1M
EVEEVE INVESTMENTS0.1428571428570.00864k15.9M
ADVARDIDEN0.1428571428570.0081M11.7M
SI6SIX SIGMA METALS0.1250.0094M3.7M
MSPMAXSEC GROUP0.120.02825k11.3M
MCAMURRAY COD AUSTR0.1052631578950.21459k74.7M
CCECARNEGIE CLEAN E0.10.011400k28.8M
OPTOPTHEA0.09836065573770.6756k126.5M
AMEALTO METALS0.08695652173910.05104k9.0M
KRXKOPPAR RESOURCES0.08695652173910.2550k7.3M

 

GOING DOWN

Mark Bouris’s financial advisor Yellow Brick Road (ASX:YBR) sank 8 per cent to 10.5c this morning after Sir Ron Brierley’s Mercantile said its takeover offer was “best and final and will not be increased or extended”.

Yellow Brick Road investors were told to accept the 9c per share offer “as soon as possible” before it closed on October 19.

There’s been a back-and-forth between financial adviser Yellow Brick Road and corporate raider Mercantile (ASX:MVT) over the past couple of months ever since the latter lobbed a low-ball bid for YBR.

Here are the worst performing ASX small cap stocks at 12.30pm AEST Fri Oct 5: 

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

ASX codeCompanyPrice change today (12.30pm)Price (12.30pm)VolumeMarket Cap
RNYRNY PROPERTY-0.3333333333330.004200k1.6M
IDZINDOOR SKYDIVING-0.3157894736840.0525k10.4M
NGYNUENERGY GAS-0.2894736842110.027214k56.3M
WBEWHITEBARK ENERGY-0.250.0036M5.5M
IKWIKWEZI MINING-0.250.00319k4.1M
TRLTANGA RESOURCES-0.20.004750k4.1M
MRQMRG METALS-0.20.0041M3.3M
AULAUSTAR GOLD-0.20.0041M10.6M
NWFNEWFIELD RESOURC-0.1923076923080.10576k75.6M
DRXDIATREME RESOURC-0.1785714285710.023187k31.8M
LSALACHLAN STAR-0.1666666666670.015M9.0M
AVDANTILLES OIL AND-0.1666666666670.03132k4.9M
SVHSILVER HERITAGE-0.1428571428570.024150k35.3M
DTMDART MINING NL-0.1428571428570.0062M6.0M
IBXIMAGION BIOSYSTE-0.1379310344830.059k14.4M
ZNCZENITH MINERALS-0.1333333333330.09163k22.3M
PFGPRIME FINANCIAL-0.1304347826090.1200k22.0M
TBHBETMAKERS HOLDIN-0.1285714285710.06163k15.7M
CXZCONNEXION MEDIA-0.1250.00725k6.7M
BSXBLACKSTONE MINER-0.1250.1443k15.4M
ECGECARGO HOLDINGS-0.120.1149k76.9M
BMTBERKUT MINERALS-0.1176470588240.07517k4.6M
KEYKEY PETROLEUM-0.1111111111110.0081M12.1M
DHRDARK HORSE RESOU-0.1111111111110.008582k17.3M
AEVAVENIRA-0.1111111111110.01610017.2M
NESNELSON RESOURCES-0.1071428571430.1254176.4M
HWKHAWKSTONE MINING-0.1034482758620.0261k16.5M
OXXOCTANEX-0.10.009134k2.7M
BMGBMG RESOURCES-0.10.0092M3.9M
IPBIPB PETROLEUM LI-0.09433962264150.048146k10.6M