Lunchtime small cap wrap: who’s flying and who’s falling so far
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Here are the key ASX small cap winners and losers at lunchtime Tuesday June 26.
The ASX Small Ords was down 1 per cent to 2,876 at 12.30pm AEST.
Atlas Iron (ASX:AGO) once again emerged as one of the most heavily traded stocks on the ASX this morning, with 60 million shares changing hands by 11.30am. Shares were flat at 4.3c.
GOING UP
Digital marketer Pureprofile (ASX:PPL) led early morning trade, up 101 per cent to 17.5c at by 11.10am after confirming it had reduced costs as promised and improved margins by 5 per cent for the half.
Management also confirmed its new CFO has started this week.
The stock hit a 20.5c intraday high by lunchtime — a 118 per cent increase on yesterday’s closing price.
Pureprofile has had an action-packed year, including rebel shareholders mounting a campaign to overthrow the board earlier this year.
In a statement this morning, Pureprofile chief executive Nic Jones told shareholders now “many of the distractions are now resolved” and the team was focused on a turnaround in FY19.
Meanwhile, Hawkstone Mining (ASX:HWK) gained 82 per cent this morning with an intraday high of 4c after announcing a revised agreement to acquire two lithium projects in the US.
The company confirmed its purchase of these sites was back on, having reduced the risk of the acquisition with a condition that half of the purchase price be payable only once the company has defined a 30 million tonne (Mt) resource.
Hawkstone shares fell back to 2.6c by 12.20pm.
Graphite and cobalt play Anson Resources (ASX:ASN) bounced 30 per cent to an intraday high of 4.8c by 11.30am on news of strong results from its evaporation tests at its Paradox lithium project in Utah.
The company says it now has a better understanding of the “unique super saturated multi-mineral bearing brines” at the project and is on target for fast tracking production.
Wangle (ASX:WGL) came back from losing 33 per cent by lunchtime yesterday. Its price was up 50 per cent on yesterday’s close of 0.2c, hitting an intraday high of 0.3c off no news.
AgTech Croplogic (ASX:CLI) moved as much as 23 per cent higher to an intraday top of 3.8c with no news announced on Tuesday.
Here are the best performing ASX small cap stocks at 12.30pm AEST on June 26:
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ASX code | Company | Price change today (12.30pm) | Price (12.30pm) | Volume | Market Cap |
---|---|---|---|---|---|
PPL | PUREPROFILE | 1.18390804598 | 0.19 | 2M | 10.5M |
LKO | LAKES OIL | 0.5 | 0.003 | 7M | 57.6M |
CHP | CHAPMANS | 0.5 | 0.003 | 333k | 4.5M |
ATT | ANTE REAL ESTATE | 0.5 | 0.003 | 168k | 421.1k |
ASN | ANSON RESOURCES | 0.486486486486 | 0.055 | 179k | 15.4M |
SDL | SUNDANCE RESOURC | 0.333333333333 | 0.004 | 20k | 24.2M |
CXZ | CONNEXION MEDIA | 0.333333333333 | 0.004 | 22k | 2.2M |
CLZ | CLASSIC MINERALS | 0.333333333333 | 0.004 | 7M | 5.2M |
HWK | HAWKSTONE MINING | 0.318181818182 | 0.029 | 438k | 6.6M |
SUD | SUDA PHARMACEUTI | 0.285714285714 | 0.009 | 538k | 8.6M |
CUX | CROSSLAND STRATE | 0.25 | 0.005 | 1M | 4.0M |
PEL | PELICAN RESOURCE | 0.235294117647 | 0.021 | 400k | 6.2M |
CLI | CROPLOGIC | 0.225806451613 | 0.038 | 436k | 3.8M |
AL8 | ALDERAN RESOURCE | 0.212328767123 | 0.885 | 18k | 82.5M |
LCY | LEGACY IRON ORE | 0.2 | 0.006 | 100k | 7.3M |
IVO | INVIGOR GROUP | 0.2 | 0.006 | 81k | 6.3M |
EPM | ECLIPSE METALS | 0.2 | 0.006 | 674k | 5.7M |
BKP | BARAKA ENERGY AN | 0.2 | 0.006 | 6M | 13.2M |
IRD | IRON ROAD | 0.193181818182 | 0.105 | 16k | 59.6M |
88E | 88 ENERGY | 0.178571428571 | 0.033 | 16M | 155.6M |
TSN | TRANSACTION SOLU | 0.166666666667 | 0.007 | 17k | 13.0M |
DTZ | DOTZ NANO | 0.16 | 0.087 | 911k | 11.2M |
KTA | KRAKATOA RESOURC | 0.153846153846 | 0.03 | 10k | 3.1M |
LRM | LUSTRUM MINERALS | 0.142857142857 | 0.12 | 28k | 4.2M |
DVL | DORSAVI | 0.136363636364 | 0.125 | 46k | 18.5M |
GOING DOWN
Liver disease researcher Asian American Medical Group (ASX:AJJ) slid 47 per cent in the first hour of trade to an intraday low of 5.5c by 11.15am with no news flow coming through.
Gaming operator Silver Heritage Group (ASX:SVH) had lost 20 per cent by 11.45am, down to an intraday low of 4c.
The company had no new announcements on Tuesday, with the last update from the company coming last Thursday, confirming 824,000 ordinary shares are due to come out of escrow on July 6.
Here are the worst performing ASX small cap stocks at 12.30pm on June 26:
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ASX code | Company | Today's price change (to 12.30pm) | Price today (12.30pm) | Volume | Market Cap |
---|---|---|---|---|---|
BPH | BPH ENERGY | -0.5 | 0.001 | 3M | 1.4M |
APG | AUSTPAC RES | -0.5 | 0.001 | 3M | 2.7M |
S3R | SERPENTINE TECHN | -0.25 | 0.003 | 7M | 2.9M |
SVH | SILVER HERITAGE | -0.2 | 0.04 | 400k | 29.3M |
RNY | RNY PROPERTY TRU | -0.2 | 0.004 | 202k | 1.3M |
NSE | NEW STANDARD ENE | -0.2 | 0.004 | 20k | 3.9M |
IDO | INDO MINES | -0.2 | 0.004 | 12k | 2.7M |
CLY | CLANCY EXPLORATI | -0.2 | 0.004 | 4M | 15.6M |
MBM | MOBECOM | -0.173913043478 | 0.19 | 10k | 39.0M |
WOF | WOLF PETROLEUM | -0.166666666667 | 0.01 | 227k | 8.6M |
CEL | CHALLENGER ENERG | -0.166666666667 | 0.01 | 513k | 4.7M |
WSI | WESTSTAR INDUSTR | -0.157894736842 | 0.016 | 220k | 8.7M |
ESK | ETHERSTACK | -0.142857142857 | 0.12 | 8k | 15.6M |
WBE | WHITEBARK ENERGY | -0.142857142857 | 0.006 | 3M | 6.9M |
MED | MERLIN DIAMONDS | -0.142857142857 | 0.006 | 280k | 21.8M |
AGE | ALLIGATOR ENERGY | -0.142857142857 | 0.006 | 185k | 4.0M |
PRZ | PARAZERO | -0.138888888889 | 0.155 | 9k | 15.8M |
FTC | FINTECH CHAIN | -0.130434782609 | 0.1 | 2k | 73.9M |
TRL | TANGA RESOURCES | -0.125 | 0.007 | 2M | 5.5M |
PBX | PACIFIC BAUXITE | -0.125 | 0.014 | 752k | 6.2M |
ADJ | ADSLOT | -0.125 | 0.021 | 733k | 30.9M |
ESV | ESERVGLOBAL | -0.125 | 0.14 | 6k | 145.1M |
AVA | AVA RISK GROUP | -0.12 | 0.11 | 543k | 26.4M |
N27 | NORTHERN COBALT | -0.116279069767 | 0.19 | 119k | 10.9M |
RHT | RESONANCE HEALTH | -0.111111111111 | 0.024 | 402k | 10.9M |