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Lunchtime ASX small cap wrap: Who’s wandering through the fire today?
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Emergency services are being stretched as fires continue to rage in NSW.
Crews are currently conducting strategic back-burns where they can, while in Sydney hardware stores have been selling out of dust masks as people seek respite from a thick layer of smoke blanketing the city.
At last count there’s still 90 fires burning across the state, around 40 of which are uncontained.
But before we get too gloomy on a Friday, some heartwarming tales have emerged from the flames — including that of Wilbur, the one-foot tall sausage dog who firefighters found wandering alone on Wednesday.
The Dachshund was frightened and alone but otherwise healthy as he wandered through the fires, and crews took him in before returning him to his owner yesterday.
While the fires have wreaked havoc on plenty of native wildlife, Wilbur joins a list of lucky animals — including koalas and other family pets — who have managed to survive unscathed.
Local stocks are also surviving, as the market edged higher following a rough week where it slumped by almost 4 per cent across Tuesday and Wednesday.
The ASX200 was up 0.24 per cent in morning trade at 6,699 points, while the Small Ords edged higher by 0.08 per cent to 2,871.60 points.
GOING UP
ASX debutante Amaero International (ASX:3DA) led the pack today, jumping by more than 100 per cent after listing this morning.
The company raised $8m in an over-subscribed IPO at 20c, and was trading at 43c into the midday break.
3DA is the latest competitor in the 3D additive manufacturing space to tap public markets for capital, as it looks to execute on projects with a global client base including Boeing and Raytheon.
Energy company Tap Oil Limited (ASX:TAP) also rose strongly, after announcing board approval for a maiden dividend payment of 2.5c per share.
And online advertising platform engage:BDR (ASX:EN1) jumped out of the gate and held its gains into midday trade after a strong trading update, where it highlighted record monthly revenue in November of $2.4m.
Here are the best performing ASX small cap stocks at 12pm on Friday, December 6:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | % Chg | Price | Market Cap |
|---|---|---|---|---|
| AYM | Australia United Mining | +100.00% | 0.004 | $7.4M |
| APV | Appsvillage Australia | +63.16% | 0.31 | $21.0M |
| AZI | Alta Zinc | +60.00% | 0.01 | $17.4M |
| AJJ | Asian American Medical Group | +45.45% | 0.08 | $27.8M |
| TPS | Threat Protect Australia | +45.45% | 0.16 | $33.6M |
| LCY | Legacy Iron Ore | +36.36% | 0.003 | $10.3M |
| AAJ | Aruma Resources | +33.33% | 0.004 | $2.8M |
| ANW | Aus Tin Mining | +33.33% | 0.003 | $5.1M |
| RES | Resource Generation | +30.95% | 0.11 | $64.0M |
| CML | Chase Mining | +29.41% | 0.02 | $4.6M |
| TOE | Toro Energy | +28.57% | 0.009 | $22.4M |
| OLV | Otherlevels Holdings | +27.27% | 0.014 | $4.0M |
| GTG | Genetic Technologies | +25.00% | 0.005 | $20.3M |
| MRD | Mount Ridley Mines | +25.00% | 0.0025 | $6.7M |
| NSX | NSX | +21.43% | 0.17 | $33.1M |
| KRR | King River Resources | +21.05% | 0.02 | $27.5M |
| RMP | Red Emperor Resources | +20.00% | 0.012 | $6.3M |
| AFR | African Energy Resources | +16.67% | 0.014 | $8.7M |
| BNL | Big Star Energy | +16.67% | 0.007 | $4.1M |
| HSC | HomeStay Care | +16.67% | 0.007 | $10.4M |
GOING DOWN
Medical device company GI Dynamics (ASX:GID), which is developing the EndoBarrier treatment for type 2 diabetes, announced it had extended the funding date for a convertible note it had issued to Crystal Amber Fund.
The company said it expected to announce a date “either later in December 2019 or in January 2020”. However, it acknowledged risks in relation to GI Dynamics’ capacity to operate as a going concern and the likelihood of obtaining shareholder approvals for the revised date.
Here are the worst performing ASX small cap stocks at 12pm on Friday, December 6:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | % Chg | Price | Market Cap |
|---|---|---|---|---|
| ECT | Environmental Clean Technologies | 0.001 | -50.00% | $4.8M |
| PCL | Pancontinental Oil & Gas NL | 0.001 | -33.33% | $5.4M |
| GID | GI Dynamics Inc | 0.02 | -29.17% | $31.0M |
| NSB | NeuroScientific Biopharmaceuticals | 0.22 | -27.12% | $16.8M |
| ROG | Red Sky Energy Ltd | 0.002 | -20.00% | $3.3M |
| CFE | Cape Lambert Resources Ltd | 0.004 | -20.00% | $4.4M |
| BAS | Bass Oil Ltd | 0.002 | -20.00% | $6.7M |
| G88 | Golden Mile Resources Ltd | 0.03 | -17.07% | $2.4M |
| POW | Protean Energy Ltd | 0.005 | -16.67% | $1.6M |
| MHC | Manhattan Corp Ltd | 0.005 | -16.67% | $3.7M |
| SVA | Simavita Ltd | 0.03 | -16.67% | $10.4M |
| ONE | Oneview Healthcare PLC | 0.12 | -14.29% | $20.8M |
| YPB | YPB Group Ltd | 0.006 | -14.29% | $9.0M |
| REF | Reverse Corp Ltd | 0.006 | -14.29% | $557K |
| AEV | Avenira Ltd | 0.012 | -14.29% | $5.3M |
| AEE | Aura Energy Ltd | 0.0045 | -10.00% | $6.0M |
