Midday winners and losers: quarterlies sort the men from the boys
Quarterly reports again dominated news flow for ASX small caps this morning (deadline day was yesterday), with the biggest morning movers those that were under the microscope from savvy investors.
Here are the key gainers and losers among ASX small caps at 12pm AEDT Thursday:
AI education platform Knosys (ASX:KNO) topped the list of gainers after releasing positive results in their quarterly.
The stock was trading at 15c, up 51 per cent after already doubling on announcement of their deal with SingTel late last week.
Quarterly results showed significant sales success with $6 million in new contracts from the beginning of 2018.
Payments system Peppermint (ASX:PIL) was up 27 per cent at 2.3c on the announcement of a revenue increase to $352,000.
The Phillipines-focused money remittance company are set to launch their mobile bill payment app League Pay this quarter.
3D geospatial data tech Pointerra (ASX:3DP) was trading up 25 per cent at 10.5c after highlighting their sales growth and North American expansion.
Brazilian junior gold and copper miner BBX Minerals (ASX:BBX) was up 19 per cent at 22c following the company’s announcement of nearing licence approval last week – and further details in their December quarterly.
Invion (ASX:IVX) rounded out the top five at 17 per cent in morning trade to 1.65c.
Its quarterly detailed the strategy towards commercialising its Photosoft treatment for cancer.
Key ASX small cap movers at 12pm AEDT Thursday
Recently renamed mobile communications provider Impelus (ASX:IMS) topped the losers, down 27 per cent to trade at 3.5c.
The company provided an update to the market on its dispute with Direct Carrier Billing Services (DCB) which could see DCB services cease next month.
Challenger Energy (ASX:CEL) was down 25 per cent to trade at 1.5c with no new announcements in the market.
Last week they updated the market on political movements in South Africa, where their tenements are, and told shareholders they would continue to focus on internal cost control because of the uncertainty.
Asia Pacific Digital (ASX:DIG) was down 20 per cent to 7.2c on no news.
Tech provider Tomizone (ASX:TOM) was trading down 17 per cent after its market update yesterday showed the costs of its restructure and acquisitions over the past half-year.
Gold explorer EMU (ASX:EMU) was down 15 per cent at 11c.