In a few hours time 24 horses will compete for the Melbourne Cup and millions of Australians will be watching – or perhaps just taking a day off work.

The favourite is Chris Waller-trained Finche. Waller has been represented in 18 cups before and the closest he has got is 3rd.

As the nation awaits the race it has been a quiet day on the markets. The ASX Small Ords is down 0.03 per cent to 2,919 points and the ASX 200 is down 0.05 per cent to 6,684 points.

In economic data today, ANZ-Roy Morgan Consumer Confidence rose 2.8 per cent this week. This was mainly due to consumers being more confident about future economic conditions which had dragged the index for some months.

Also today is the Reserve Bank’s monthly meeting today and it is expected to keep interest rates on hold at 0.75 per cent.

 

Going up

Kibaran Resources (ASX:KNL) rose 21 per cent this morning with news test work was being undertaken as part of pre-development activities for its proposed battery manufacturing plant.

After plunging last week due to a poor quarterly, Building IQ (ASX:BIQ) recovered 13 per cent today.

Here are the best performing ASX small cap stocks at lunchtime, Tuesday November 5:

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Code Name Price % Chg Market Cap Volume
BPH BPH Energy Ltd 0.002 +100.00% $6.0M 4.3M
FGO Flamingo AI Ltd 0.0025 +66.67% $2.8M 16.2M
VMG VDM Group Ltd 0.0025 +25.00% $17.3M 162.0k
MMR MEC Resources Ltd 0.005 +25.00% $3.3M 225.0k
MAN Mandrake Resources Ltd 0.02 +21.43% $4.5M 759.5k
KNL Kibaran Resources Ltd 0.1 +20.73% $30.4M 370.4k
MRQ MRG Metals Ltd 0.006 +20.00% $5.4M 807.1k
ZIP ZipTel Ltd 0.014 +16.67% $2.6M 1.3M
SF1 STEMify Ltd 0.04 +16.67% $5.3M 157.2k
KZR Kalamazoo Resources Ltd 0.33 +15.79% $32.6M 894.0k
KFE Kogi Iron Ltd 0.05 +15.56% $34.5M 461.0k
MLM Metallica Minerals Ltd 0.02 +15.38% $4.9M 500.0k
JPR Jupiter Energy Ltd 0.008 +14.29% $1.2M 13.1k
CCA Change Financial Ltd 0.21 +13.51% $21.5M 675.6k
CT1 CCP Technologies Ltd 0.02 +13.33% $13.6M 970.1k
CVV Caravel Minerals Ltd 0.05 +12.50% $8.9M 100.0k
BIQ BuildingIQ Inc 0.02 +12.50% $5.7M 200.0k
CDT Castle Minerals Ltd 0.009 +12.50% $2.0M 609.4k
IPT Impact Minerals Ltd 0.009 +12.50% $11.9M 57.5k
MTC MetalsTech Ltd 0.02 +12.50% $2.1M 137.7k
WBE Whitebark Energy Ltd 0.009 +12.50% $22.9M 21.5k

 

Going down

Rimfire Pacific Mining (ASX:RIM) fell 17 per cent after its latest exploration update.

Here are the worst performing ASX small cap stocks at lunchtime, Tuesday November 5:

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Code Name Price % Chg Market Cap Volume
ECT Environmental Clean Technologies 0.001 -50.00% $12.2M 6.4M
SUD Suda Pharmaceuticals Ltd 0.002 -33.33% $7.1M 8.4M
ROG Red Sky Energy Ltd 0.002 -33.33% $3.1M 5.3k
VIC Victory Mines Ltd 0.001 -33.33% $2.1M 1.1M
MRD Mount Ridley Mines Ltd 0.001 -33.33% $2.7M 5.5M
QGL Quantum Graphite Ltd 0.0015 -25.00% $11.5M 250.0k
LCY Legacy Iron Ore Ltd 0.003 -25.00% $4.4M 600.0k
GBZ GBM Resources Ltd 0.003 -25.00% $3.5M 220.0k
ANL Amani Gold Ltd 0.002 -20.00% $12.1M 11.3M
NVX Novonix Ltd 0.47 -19.66% $64.7M 72.1k
FHS Freehill Mining Ltd 0.014 -17.65% $11.4M 126.5k
E2E Eon NRG Ltd 0.005 -16.67% $3.8M 50.0k
AEE Aura Energy Ltd 0.005 -16.67% $6.6M 2.1M
RIM Rimfire Pacific Mining NL 0.0025 -16.67% $3.8M 6.6M
OKR Okapi Resources Ltd 0.16 -15.79% $5.8M 35.0k
RAG Ragnar Metals Ltd 0.006 -14.29% $1.9M 371.3k
PPL Pureprofile Ltd 0.012 -14.29% $1.4M 20.0k