Weekly ASX small cap wrap: Who can’t afford to put pork on their fork this week?
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Gold? Pfffft. Another commodity that’s reaching new heights in 2020 is pork.
Pork prices were already rising in 2019 and have continued to in 2020. Bloomberg estimates they have risen another 50 per cent over the last 12 months.
Spiralling prices and government incentives have led to a significant expansion of China’s hog farms. The government has approved over 20,000 new hog farms in the first half of 2020.
But swine fever hitting almost half of China’s herds has ensured that prices continued to stay high.
Rabobank analyst Pan Chenjun estimates herd inventories won’t return to normal levels until 2023-24.
Now to the Aussie stock market and here are this week’s big movers.
Jaxsta (ASX:JXT) +233%
The music data base company surged on Wednesday with a new global deal from a US song licensing partner.
Along with the payment of a $500,000 up-front licensing fee, Songtradr will also invest in Jaxsta through $1.42m in convertible notes.
Los Cerros (ASX:LCL) +161%
Of all the ASX’s 180+ gold stocks, few have projects in Latin America but Los Cerros is one of them.
The company is prospecting in Colombia’s Mid Cauca belt. Its Miraflores project has an estimated net present value of $US89m ($122.5m) at a gold price of $US1,400/oz.
It said drilling at its Tesorito gold prospect in Colombia demonstrated gold mineralisation of more than 1 gram per tonne (g/t) over an area of 300m by 250m.
Change Financial (ASX:CCA) +65%
The fintech stock surged on Friday after a capital raising that helped it snap up the regional assets of payments company Wirecard in a $7.8m deal.
Here are the best performing ASX small cap stocks for September 4 – 11 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
Code | Name | Price | % Return | Market Cap |
---|---|---|---|---|
JXT | Jaxsta | 0.1 | 233 | $ 15,401,252.45 |
CWL | Consol Financial Hld | 0.015 | 200 | $ 1,775,589.17 |
LCL | Los Cerros Limited | 0.18 | 161 | $ 60,089,870.28 |
RIM | Rimfire Pacific | 0.013 | 160 | $ 17,430,286.80 |
CFE | Cape Lambert Res Ltd | 0.007 | 133 | $ 9,033,519.45 |
VIC | Victory Mines Ltd | 0.004 | 100 | $ 12,843,964.47 |
RDN | Raiden Resources Ltd | 0.017 | 89 | $ 8,617,178.45 |
NPM | Newpeak Metals | 0.0035 | 75 | $ 12,697,105.33 |
CCA | Change Financial Ltd | 0.19 | 65 | $ 32,629,429.67 |
VUL | Vulcan Energy | 1.14 | 64 | $ 69,301,841.28 |
FFR | Firefly Resources | 0.195 | 63 | $ 43,696,720.44 |
TSC | Twenty Seven Co. Ltd | 0.008 | 60 | $ 7,431,604.39 |
SBR | Sabre Resources | 0.014 | 56 | $ 16,258,401.35 |
SGC | Sacgasco Ltd | 0.045 | 50 | $ 10,887,348.00 |
FYI | FYI Resources Ltd | 0.13 | 49 | $ 30,345,331.88 |
TKM | Trek Metals Ltd | 0.069 | 47 | $ 14,071,363.99 |
OIL | Optiscan Imaging | 0.099 | 46 | $ 46,822,322.40 |
PUR | Pursuit Minerals | 0.023 | 44 | $ 8,254,686.32 |
PKD | Parkd Ltd | 0.031 | 41 | $ 2,104,200.00 |
ADN | Andromeda Metals Ltd | 0.07 | 40 | $ 111,045,839.73 |
MSR | Manas Res Ltd | 0.007 | 40 | $ 15,858,974.93 |
MBK | Metal Bank Ltd | 0.011 | 38 | $ 11,800,855.92 |
PKO | Peako Limited | 0.055 | 38 | $ 6,944,927.84 |
MPR | Mpower Group Limited | 0.027 | 35 | $ 3,971,160.40 |
ARR | American Rare Earths | 0.043 | 34 | $ 11,636,783.68 |
DEV | Devex Resources Ltd | 0.275 | 34 | $ 61,513,460.00 |
CYM | Cyprium Metals Ltd | 0.185 | 32 | $ 10,090,706.76 |
YOJ | Yojee Limited | 0.27 | 32 | $ 256,791,892.76 |
GetSwift (ASX:GSW) -31%
Shareholders have been selling off the logistics software stock since last Friday, when it announced it would delist from the ASX and re-domicile to Canada.
PharmAust (ASX:PAA) -25%
The biotech stock plunged on Wednesday despite telling shareholders its anti-cancer drug candidate Montepantel had shown anti-viral effects against SARS-CoV-2, the coronavirus that causes COVID-19, in repeated tests using monkey cells.
While the company is planning human trials, it warned that activity in vitro did not always translate to humans.
Here are the worst performing ASX small cap stocks for September 4 – 11 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
Code | Company | Price | % Return weekly | Market Cap |
---|---|---|---|---|
REY | REY Resources Ltd | 0.085 | -73 | $ 65,769,736.09 |
TOM | Tomizone Limited | 0.002 | -33 | $ 850,401.35 |
GSW | Getswift Limited | 0.045 | -31 | $ 103,358,594.88 |
TMR | Tempus Resources Ltd | 0.265 | -28 | $ 21,373,886.34 |
AUQ | Alara Resources Ltd | 0.016 | -27 | $ 10,158,181.04 |
RML | Resolution Minerals | 0.051 | -27 | $ 13,973,539.55 |
PAA | Pharmaust Limited | 0.135 | -27 | $ 42,639,217.16 |
SZL | Sezzle Inc. | 5.98 | -26 | $ 656,893,897.77 |
MAR | Malachite Resources | 0.035 | -26 | $ 4,112,568.90 |
EER | East Energy Resource | 0.003 | -25 | $ 12,803,948.14 |
TPD | Talon Petroleum Ltd | 0.003 | -25 | $ 8,883,947.62 |
ROG | Red Sky Energy. | 0.015 | -25 | $ 4,072,366.55 |
PCH | Property Connect | 0.0015 | -25 | $ 1,028,795.21 |
TYM | Tymlez Group | 0.105 | -25 | $ 22,400,516.96 |
KAS | Kasbah Resources | 0.015 | -25 | $ 2,030,699.28 |
BPH | BPH Energy Ltd | 0.038 | -24 | $ 20,760,052.33 |
CCG | Commschoice | 0.08 | -24 | $ 17,225,303.31 |
KGD | Kula Gold Limited | 0.032 | -24 | $ 4,985,780.22 |
DAF | Discovery Africa Ltd | 0.03 | -23 | $ 6,067,040.94 |
HYD | Hydrix Limited | 0.27 | -23 | $ 31,211,529.72 |
JAY | Jayride Group | 0.17 | -23 | $ 17,867,384.88 |
NCZ | New Century Resource | 0.12 | -23 | $ 117,431,848.68 |
MAG | Magmatic Resrce Ltd | 0.175 | -22 | $ 35,488,636.09 |
PSC | Prospect Res Ltd | 0.145 | -22 | $ 45,749,843.84 |
SMC | Strategic Minerals | 0.55 | -21 | $ 53,080,387.80 |
CBY | Canterbury Resources | 0.11 | -21 | $ 7,506,362.82 |
CGN | Crater Gold Min Ltd | 0.011 | -21 | $ 13,502,454.54 |
At Stockhead, we tell it like it is. While Change Financial is a Stockhead advertiser, it did not sponsor this article.