Lunchtime ASX small cap wrap: Who’s thankful for what they’ve got today?
Two days before ANZAC Day, here’s a sombre reminder that even miners weren’t exempt from the horrors of war.
The picture above is the first shot of the SS Iron Crown, an Australian freighter sunk by a Japanese submarine during World War II in 1942 while travelling through Bass Strait with a cargo of manganese ore.
CSIRO research vessel Investigator just announced finding it in 700m of water, 100km off the Victorian coastline south of the border with NSW.
Of the 43 Merchant Navy crew on board, 38 lost their lives. Some closure for their families and friends, finally.
With just two days trading before the nation takes a day off to remember such sacrifices, it’s been a strong session for local small caps in morning trade.
The Small Ords tracked the broader market higher to rise by 18 points at 12pm AEST — a gain of 0.64 per cent. At 2,814, it’s trading just shy of the 2019 high of 2,818 reached last Tuesday.
Shares in Tomizone (ASX: TOM) — which provides operating services for wifi software — have been jumping around lately, and this morning they spiked by 67 per cent to 0.5 cents per share.
It follows an announcement just prior to the Easter break that Tomizone got ASX approval to proceed with the acquisition of a book of equipment-rental contracts (described as the “EWL Rent Book”) for around $NZ8 million.
And healthcare stock ResApp (ASX:RAP) shot higher by more than 30 per cent after a clinical trial showed its app-based technology produced an 86 per cent success rate for diagnosing acute respiratory disease.
Here are the best performing ASX small cap stocks at 11.45am on Tuesday, April 23:
Mining and construction outfit VDM Group (ASX: VMG) lost 50 per cent of its value to 0.1 cent on no news.
As did Caeneus Minerals (ASX: CADDA), which has made frequent appearances on the winners and losers lists lately as the stock fluctuates at microscopic levels.
Elsewhere, regenerative medicine company Orthocell Limited (ASX:OCC) fell by almost 20 per cent to 10.5 cents.
The company issued an announcement after the market closed on Thursday, giving notice of a general meeting to get shareholder approval for the issue of shares to directors in lieu of fees.
Here are the worst performing ASX small cap stocks at 11.45am on Tuesday, April 23: