You would think that a parrot with nocturnal habits would have good night vision, but in the case of Australia’s elusive night parrot, you would also be dead wrong.

Turns out that the endangered night parrot — just one of only two nocturnal parrot species in the world — actually has pretty bad eyesight, according to a 3D reconstruction of the bird’s skull by Flinders University researchers.

The poor resolution of the night parrot’s eyesight is particularly perplexing considering that it has retained its ability to fly while the other nocturnal parrot, New Zealand’s large Kakapo that shares its poor eyesight, is flightless, reported the ABC.

A University of Queensland PhD candidate says the new finding could explain why other nocturnal birds like owls can fly around trees but the night parrot lives in open plains.

To keep you from blundering around in the dark like the poor night parrot, here are some of the week’s biggest small cap movers.

 

ASX SMALL CAP WINNERS                       

Immuron (ASX:IMC) +219%

Coming out second on the list of top gainers this week is Immuron, which revealed this week that its research partner had requested a pre-investigational new drug (IND) application meeting with the FDA for Immuron’s oral immunotherapeutics.

The US Naval Medical Research Center is keen to proceed with phase two trials of the company’s drug, which prevents acute infectious diarrhoea, during the first half of 2021.

Beston Global Food Company (ASX:BFC) +100%

Shares in the company soared after it announced the sale of its dairy farms in Mount Gambier, South Australia to Aurora Dairies for $40.4m in cash.

The deal will give Beston the rights to 100 per cent of the dairy supply from those farms for a 10-year period, while also reducing debt and freeing up capital to expand the company’s operations in mozzarella and lactoferrin production.

Here are the best performing ASX small cap stocks for June 5 – June 12 [intraday]:

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CODE NAME RETURN % PRICE THIS FRIDAY [INTRADAY] MARKET CAP
ICU ISENTRIC LTD 300 0.028 5.70M
IMC IMMURON LTD 219 0.255 45.19M
T3D 333D LTD 100 0.002 2.13M
GGX GAS2GRID LTD 100 0.002 2.76M
IKW IKWEZI MINING LTD 100 0.002 8.13M
BFC BESTON GLOBAL FOOD CO LTD 100 0.100 47.11M
NME NEX METALS EXPLORATION LTD 100 0.080 15.42M
TMZ THOMSON RESOURCES LTD 78 0.026 3.80M
SUP SUPERIOR LAKE RESOURCES LTD 76 0.090 11.78M
GTE GREAT WESTERN EXPLORATION LT 76 0.089 6.13M
GUL GULLEWA LTD 69 0.110 17.85M
SGO STREAM GROUP LTD 68 0.047 10.31M
NTI NEUROTECH INTERNATIONAL LTD 67 0.010 2.15M
UCW UCW LTD 63 0.150 17.63M
NVX NOVONIX LTD 61 1.100 289.53M
GID GI DYNAMICS INC-CDI 60 0.008 14.64M
RMI RESOURCE MINING CORP LTD 60 0.008 2.37M
SCN SCORPION MINERALS LTD 59 0.035 7.16M
ABT ABUNDANT PRODUCE LTD 59 0.027 2.29M
MGV MUSGRAVE MINERALS LTD 58 0.380 175.98M
LMG LATROBE MAGNESIUM LTD 50 0.015 19.45M
1AD ADALTA LTD 50 0.105 17.21M
DHR DARK HORSE RESOURCES LTD 50 0.003 7.48M
BAS BASS OIL LTD 50 0.002 5.01M
GLA GLADIATOR RESOURCES LTD 50 0.002 3.00M
OEX OILEX LTD 50 0.003 10.95M
OAR OAKDALERESOURCES LTD 50 0.003 3.45M
MRQ MRG METALS LTD 50 0.009 11.11M
GSM GOLDEN STATE MINING LTD 45 0.305 13.96M
CXX CRADLE RESOURCES LTD 41 0.045 8.54M
MQR MARQUEE RESOURCES LIMITED 39 0.053 3.37M
PXX POLARX LTD 38 0.040 16.65M
KP2 KORE POTASH PLC - CDI 36 0.015 12.89M
INP INCENTIAPAY LTD 36 0.034 22.30M
AUR AURIS MINERALS LTD 35 0.046 18.80M
CPT CIPHERPOINT LTD 35 0.027 1.06M
ALY ALCHEMY RESOURCES LTD 33 0.016 8.81M
DDD 3D RESOURCES LTD 33 0.004 13.24M
ECT ENVIRONMENTAL CLEAN TECHNOLO 33 0.002 19.20M
BMG BMG RESOURCES LTD 33 0.004 2.69M
QFY QUANTIFY TECHNOLOGY HOLDINGS 33 0.002 4.02M
VMS VENTURE MINERALS LTD 33 0.020 16.16M
CYM CYPRIUM METALS LTD 33 0.160 8.97M
FCT FIRSTWAVE CLOUD TECHNOLOGY L 32 0.090 49.27M

 

ASX SMALL CAP LOSERS

YPB Group (ASX:YPB) -33%

Shares in YPB fell after it raised capital to repay a director loan of $600,000.

It subsequently borrowed another $400,000 to fund technical development.

Here are the worst performing ASX small cap stocks for June 5 – June 12 [intraday]:

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CODE NAME RETURN % PRICE THIS FRIDAY [INTRADAY] MARKET CAP
FBR FBR LTD -21 0.050 89.90M
HT1 HT&E LTD -21 1.230 344.21M
ECS ECS BOTANICS HOLDINGS LTD -21 0.023 11.67M
OSP OSPREY MEDICAL INC-CDI -21 0.011 14.14M
NUH NUHEARA LTD -22 0.014 19.04M
EM1 EMERGE GAMING LTD -22 0.014 9.20M
ADY ADMIRALTY RESOURCES NL -22 0.007 8.11M
EN1 ENGAGE:BDR LTD -22 0.007 6.67M
OPY OPENPAY GROUP LTD -22 2.390 257.80M
CLT CELLNET GROUP LTD -23 0.030 6.95M
BPL BROKEN HILL PROSPECTING LTD -23 0.020 5.28M
AMB AMBITION GROUP LTD -23 0.023 1.55M
PKO PEAKO LTD -24 0.013 1.68M
PDZ PRAIRIE MINING LTD -24 0.130 27.60M
TNR TORIAN RESOURCES LTD -24 0.029 12.92M
DAF DISCOVERY AFRICA LTD -24 0.019 3.65M
FEL FE LTD -25 0.012 5.86M
CZL CONSOLIDATED ZINC LTD -25 0.003 6.90M
SBR SABRE RESOURCES LTD -25 0.003 2.57M
UUV UUV AQUABOTIX LTD -25 0.002 1.14M
TIA TIAN AN AUSTRALIA LTD -25 0.225 19.49M
CML CHASE MINING CORPORATION LTD -26 0.014 3.62M
PDI PREDICTIVE DISCOVERY LTD -27 0.077 50.12M
PLL PIEDMONT LITHIUM LTD -27 0.095 98.12M
RNU RENASCOR RESOURCES LTD -29 0.010 13.31M
DCG DECMIL GROUP LTD -30 0.057 50.85M
OKJ OAKAJEE CORP -30 0.035 3.20M
LCY LEGACY IRON ORE LTD -33 0.002 12.49M
ALT ANALYTICA LTD -33 0.002 7.04M
MTB MOUNT BURGESS MINING NL -33 0.002 1.06M
PCL PANCONTINENTAL OIL & GAS NL -33 0.001 5.41M
YPB YPB GROUP LTD -33 0.002 3.39M
SMI SANTANA MINERALS LTD -33 0.002 5.37M
GBP GLOBAL PETROLEUM LTD -33 0.010 2.03M
FZR FITZROY RIVER CORP LTD -34 0.105 9.07M

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