Weekly ASX Small Cap Wrap: Who’s coming out of lockdown this weekend?
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More than half the population of Australia has struggled through some kind of lockdown this week – but for most states there’s light at the end of the tunnel.
The Northern Territory exited lock down today at 1pm, and while some areas in QLD will be free as of 6pm, some are still under restrictions until tomorrow.
WA looks set to rebound out of its 4-day circuit breaker at 12:01am WST Saturday, (pending the dreaded presser).
But unfortunately for NSW, the Bondi cluster is still growing, and Greater Sydney remains in lockdown until Friday 9 July.
On the plus side, with millions of Aussies stuck at home it could be time to take advantage of some cracking EOFY sales.
Speaking of EOFY sales, Melbourne retailer Cettire (ASX:CTT) is on the winners list this week, up 30% after announcing an expansion into childrens wear.
In the energy sector, 88 Energy (ASX:88E) was up 59% after announcing its adoption of a global standard for ESG reporting – oh, and the full repayment of outstanding debt might have had something to do with it.
The company is now debt free with a cushy cash balance of A$14.8 million (unaudited) as of 20 June 2021.
Minbos Resources (ASX:MNB) stock jumped 58% this week after the company ordered long lead items for its Cabinda Phosphate Plant.
And Carnegie Clean Energy (ASX:CCE) was up 50% on the news it had sold its gold royalty over part of the Higginsville Gold Project in WA back to the Project owner Karora Resources.
Carnegie is now sitting pretty with a cash position of approx. $4.73 million.
Here are the best performing ASX small cap stocks for June 28-July 2 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort: