Weekly ASX small cap wrap: Not much finger licking going on as markets fall
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News
UK connoisseurs of our favourite fast food fried chicken may note the absence of any ‘finger licking’ in their advertisements from now on.
KFC’s latest series of ads have fallen victim to the COVID-19 pandemic that is sweeping across the world after one particular ad drew the ire of viewers.
Hundreds of people contacted UK advertising watchdog the Advertising Standards Authority, saying the ad was “irresponsible” as it encouraged behaviour that could increase the spread of the virus.
Oliver’s Real Food (ASX:OLI) +36.9%
Shares in Oliver’s have been trending up this week since British retail franchisee EG Group made a 10c-per-share offer — a nearly 54 per cent premium over its last traded pre-offer share price.
The offer values the healthy fast food retailer, which recently reversed two years of disappointing financial results, at about $25m.
Oliver’s board has said that engaging further with EG is in the best interests of shareholders.
Zenith Energy (ASX:ZEN) +37.4%
Remote power operator Zenith is also looking to close the week on a positive note after receiving a $150m takeover proposal from leveraged buyout private equity firm Pacific Equity Partners (PEP).
Zenith, which has a unique battery-free hybrid solar-diesel system, was described by PEP as having a high quality portfolio of power generation assets.
At $1.01 per share, the offer is a 45 per cent premium to Zenith’s last closing price before the offer was made.
Here are the best performing ASX small cap stocks for March 6 – March 13 [intraday]:
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CODE NAME RETURN % PRICE THIS FRIDAY [INTRADAY] MARKET CAP MAR MALACHITE RESOURCES LTD 100 0.002 2.78M ARO ASTRO RESOURCES NL 50 0.003 6.36M ZEN ZENITH ENERGY LTD/AU 37.41 0.95 142.66M OLI OLIVER'S REAL FOOD LTD 36.92 0.09 22.32M BBOZ BETASHARES AUS EQ STR BR HDG 35.69 14.75 265.50M IDZ INDOOR SKYDIVING AUSTRALIA G 33.33 0.008 2.69M DVL DORSAVI LTD 30.77 0.017 3.93M SUP SUPERIOR LAKE RESOURCES LTD 28.57 0.009 9.74M GME GME RESOURCES LTD 27.66 0.06 30.37M IEC INTRA ENERGY CORP LTD 25 0.005 1.94M ERL EMPIRE RESOURCES LTD 25 0.01 7.75M AMT ALLEGRA ORTHOPAEDICS LTD 23.81 0.13 12.94M BOC BOUGAINVILLE COPPER LTD 20.51 0.23 94.25M COS COSOL LTD 19.3 0.34 43.35M AUQ ALARA RESOURCES LTD 16.67 0.014 8.81M NME NEX METALS EXPLORATION LTD 15.38 0.015 2.89M TZL TZ LTD 14.29 0.08 7.34M
Resapp shares tumbled this week with the US Food and Drug Administration advising that the De Novo classification for its ResAppDx-US smartphone-based acute respiratory disease diagnostic test has not been approved.
To top it off, French multinational pharma giant Sanofi has not exercised its option to enter into exclusive negotiations for a pilot phase of its direct-to-consumer product being developed under the Startup Creasphere program.
Here are the worst performing ASX small cap stocks for March 6 – March 13 [intraday]:
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CODE | NAME | RETURN % | PRICE THIS FRIDAY [INTRADAY] | MARKET CAP |
---|---|---|---|---|
OML | OOH!MEDIA LTD | -34 | 1.59 | 384.18M |
PGL | PROSPA GROUP LTD | -34 | 1.08 | 174.26M |
ARQ | ARQ GROUP LTD | -34 | 0.09 | 10.50M |
EEG | EMPIRE ENERGY GROUP LTD | -34 | 0.19 | 51.34M |
MRL | MAYUR RESOURCES LTD-CDI | -34 | 0.25 | 44.25M |
WZR | WISR LTD | -34 | 0.09 | 88.81M |
NVA | NOVA MINERALS LTD | -35 | 0.03 | 32.81M |
BLY | BOART LONGYEAR LTD | -35 | 0.6 | 52.65M |
ABR | AMERICAN PACIFIC BORATES LTD | -35 | 0.26 | 62.60M |
KPO | KALINA POWER LTD | -35 | 0.02 | 18.02M |
REE | RAREX LTD | -35 | 0.02 | 6.24M |
WLD | WELLARD LTD | -35 | 0.04 | 21.25M |
BYE | BYRON ENERGY LTD | -36 | 0.18 | 145.96M |
SE1 | SENSERA LTD | -43 | 0.008 | 2.90M |
ICI | ICANDY INTERACTIVE LTD | -36 | 0.02 | 6.08M |
GSW | GETSWIFT LTD | -36 | 0.3 | 56.56M |
NVO | NVOI LTD | -36 | 0.01 | 10.48M |
RED | RED 5 LTD | -36 | 0.21 | 261.47M |
KGL | KGL RESOURCES LTD | -37 | 0.14 | 45.21M |
CBE | COBRE LTD | -38 | 0.15 | 14.52M |
HCT | HOLISTA COLLTECH LTD | -38 | 0.1 | 26.90M |
IPB | IPB PETROLEUM LTD | -38 | 0.01 | 3.46M |
LSR | LODESTAR MINERALS LTD | -38 | 0.005 | 4.26M |
TMK | TAMASKA OIL & GAS LTD | -38 | 0.005 | 4.45M |
MBK | METAL BANK LTD | -38 | 0.005 | 4.41M |
XCD | XCD ENERGY LTD | -38 | 0.005 | 3.50M |
GID | GI DYNAMICS INC-CDI | -38 | 0.005 | 9.13M |
BRK | BROOKSIDE ENERGY LTD | -38 | 0.005 | 5.04M |
MRQ | MRG METALS LTD | -38 | 0.005 | 5.29M |
PPL | PUREPROFILE LTD | -38 | 0.005 | 600.30k |
SMI | SANTANA MINERALS LTD | -50 | 0.002 | 6.71M |
FAR | FAR LTD | -38 | 0.02 | 159.66M |
MNW | MINT PAYMENTS LTD | -43 | 0.008 | 7.28M |
SZL | SEZZLE INC-CDI | -39 | 0.95 | 188.96M |
ATU | ATRUM COAL LTD | -40 | 0.16 | 76.51M |
MEI | METEORIC RESOURCES NL | -40 | 0.008 | 10.10M |
KAU | KAISER REEF LTD | -40 | 0.19 | 6.19M |
COG | CONSOLIDATED OPERATIONS GROU | -40 | 0.05 | 78.59M |
OPY | OPENPAY GROUP LTD | -41 | 0.58 | 54.40M |
ACU | ACUMENTIS GROUP LTD | -41 | 0.08 | 12.45M |
MAG | MAGMATIC RESOURCES LTD | -41 | 0.16 | 27.55M |
ALG | ARDENT LEISURE GROUP LTD | -42 | 0.39 | 187.09M |
EHL | EMECO HOLDINGS LTD | -42 | 0.93 | 342.75M |
OEL | OTTO ENERGY LTD | -43 | 0.012 | 29.53M |
TPO | TIAN POH RESOURCES LTD | -44 | 0.05 | 19.33M |
RAP | RESAPP HEALTH LTD | -46 | 0.09 | 66.07M |
POD | PODIUM MINERALS LTD | -48 | 0.02 | 2.76M |
KAR | KAROON ENERGY LTD | -50 | 0.4 | 218.43M |
SIH | SIHAYO GOLD LTD | -50 | 0.01 | 16.78M |
ESH | ESPORTS MOGUL LTD | -50 | 0.003 | 6.11M |
IP1 | INTEGRATED PAYMENT TECHNOLOG | -50 | 0.003 | 926.52k |
IQ3 | IQ3CORP LTD | -50 | 0.1 | 10.39M |
VRC | VOLT RESOURCES LTD | -50 | 0.005 | 8.69M |
TPD | TALON PETROLEUM LTD | -50 | 0.001 | 1.78M |
CZL | CONSOLIDATED ZINC LTD | -57 | 0.003 | 5.18M |
ABL | ABILENE OIL AND GAS LTD | -67 | 0.001 | 397.61k |