Lunchtime ASX small cap wrap: who’s standing out today
Link copied to
Here are the key ASX small cap winners and losers at lunch Friday November 30:
The ASX Small Ords was down 11.6 points — or 0.45 per cent — to 2,572.60 at 12:20pm AEST.
Former biotech Anteo Diagnostics (ASX:ADO) has scored another collaboration with a major lithium-ion battery maker to test the battery-improving abilities of its “AnteoCoat” product.
The company’s share price jumped over 43 per cent to highs of 2.4c in morning trade.
Explorer Artemis Resources (ASX:ARV) received an 8 per cent share price bump after it secured a $5.4m funding package to kick off exploration in the red-hot Paterson Province of Western Australia.
Artemis revealed in July that it had beaten Rio Tinto to the large patch of ground, called the Armada prospect, by about three hours.
Other winners include Niuminco (ASX:NIU) and Petrel Energy (ASX:PRL) — both up 100 per cent to 1c by midday.
Junior explorer Lakes Oil (ASX:LKO) — which is 11 per cent owned by Ms Rinehart’s Hancock Prospecting — is down about 50 per cent to 0.1c this morning.
In September it lost its fight to overturn Victoria’s ban on onshore gas exploration, but will head back to court next month to appeal that ruling.