Midday winners and losers; whiff of blockchain continues to excite
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Here are the key gainers and losers among ASX small caps at 12pm AEDT Friday:
In the green
8common (ASX:8CO) leads the winners pack with a 67 per cent increase at lunch, to trade at 6.2c and, no surprise, its all down to blockchain.
The company last night announced a successful $300,000 raise at 3c a share, with a rights issue to raise another $1.7 million.
Capital raised will help further develop their fintech products and leverage clients in the areas of AI, Blockchain and payments.
BARD1 Life Sciences (ASX:BD1) announced the issue of a Japanese patent for its non-invasive cancer diagnostics and its shares moved up 27 per cent.
The stock was trading at 1.4c at midday — and has traded between 0.6c and 4.7c in the past year.
This patent is for testing of colorectal and lung cancer and the company has further projects for prostate, breast and other cancers in the works.
Ultracharge (ASX:UTR) was buoyed off results from its December quarterly and news that it is enabling a faster path to commercialisation.
Shares were trading up 20 per cent to 4.1c.
The company announced it would be increasing production at its pilot project with world renowned battery energy storage company Leclanché.
Indonesian gold miner Sihayo Gold (ASX:SIH) was trading up 20 per cent to 1.8c after results from its quarterly.
It told the market initial indications were showing a significant improvement in project economics for their project and had $121,000 left in the bank.
AusMex (ASX:AMG) rounded out the top five with similar gains of 20 per cent to 7.8c on Friday.
The company announced it had made high-grade copper intersections at “The Trump” tenement which follow successful results at recent “The Answer and “The Joker” sites.
In the red
Bauxite Resources (ASX:BAU) was down 40 per cent to trade at 6.9c at midday.
The company is in the throes of a takeover from Mercantile Investment company, which directors have recommended shareholders reject.
Shareholders approved a 5 cent per share capital return earlier this week.
Human resource platform TikForce (ASX:TKF) was trading down 12 per cent despite announcing a partnership with national disability practitioners earlier this week.
Shares in the company were trading at 1.4c.
Dragon Mountain Gold (ASX:DMG) told shareholders to results from their October drill program were on the way but investors didn’t want to wait.
Shares dropped 12.5 per cent to 1.4c.
The company reported $151,000 in outgoings and $2.8 million left in the bank.
Lindian Resources (ASX:LIN) was down 12 per cent to trade at 2.2c at midday.
The company had no news today, but reported continuing negotiations for their Tanzanian Bauxite Project in their quarterly earlier in the week.
Global Health (ASX:GLH) was trading down 11 per cent, at 30c.
Earlier this week they told the market it was partnering with the Royal Australian and New Zealand College of Obstetricians and Gynaecologists to develop a digital antenatal health record.