Lunchtime small cap wrap; who is up and who missed the mark
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Here are the notable ASX small cap gainers and decliners at 12pm AEDT Friday:
Gladiator Resources (AS:GLA) came out on top on Friday, more than doubling its share price to 1.3c.
It follows the acquisition of a Northern Territory gold project announced earlier this week, which prompted a speeding fine from the ASX.
Today’s price reflects a 430 per cent increase to its 0.3c open price on Wednesday.
Data security tech Covata (ASX:CVT) was up 33 per cent to 4c after reporting a 244 per cent increase in revenue.
They raked in $665,000 from $193,000 in the previous half year, and reported bookings growth of 25,442 per cent.
That’s before it even finishes developing its Blockchain tech – to make their offering super secure.
The stock was up a further 27 per cent at 16.5c, almost double the price it was reinstated at.
Despite no news in the market, copper and nickel junior Terrain Minerals (ASX:TMX) surged 25 per cent to 1c.
The company raised $300,000 at 0.007513c per share in the last quarter and had $779,000 left in the kitty.
Teaming up with a UK health and safety manager has excited investors in OH&S tech TikForce (ASX:TKS). Shares were up 20 per cent to 1.8c.
Southern Cross Exploration (ASX:SXX) led the losers with a decrease of 37.5 per cent to 1c – settling after highs of 1.6c in yesterday’s trade.
The company updated the market on its developments, earmarking the soon-to-be settled $13 million sale of Fijian land from its invested company.
IT services provider CPT Global (ASX:CGO) was trading down 14 per cent to 15c with no news in the market.
The company’s managing director, David Lynch, told shareholders at its AGM he was fighting to maintain its relevance in the industry, describing its financial performance as ‘disappointing’.
InvestSMART (ASX:INV) was trading down 11 per cent at 24c off its half yearly report that showed a decrease in total income.
It told investors it had recently received ASIC authorisation and would launch its own small companies fund to subscribers soon.
A research report on cyber security tech Tesserent (ASX:TNT) served to decrease its share price, which was down 10 per cent to 8.5c.
And BuyMyPlace.com.au (ASX:BMP) rounded out the losers – also down 10 per cent to trade at 18c.
It comes as 10 million shares were released from escrow.