ASX Small Cap Lunch Wrap: Bulls battle the bears as stocks tread water to end the week

Is was mixed trading for ASX stocks to end the week this morning, after the US reported 50,000 new COVID-19 cases for the second straight day overnight.

The S&P500 still managed to close another 0.45 per cent higher, with US markets closed tonight to observe the Independence Day holiday (which falls on Saturday).

Earlier this morning, Australian retail sales rebounded sharply in May (as expected), with plenty of monthly volatility in the data after sales collapsed in April.

After a relatively wild week in small cap land — punctuated by a couple of monster intraday gains — the Small Ords Index struggled to hold above water and ended up 0.5 per cent lower by midday.

The big end of town was holding up better, as the ASX200 climbed by around 0.6 per cent to stay on track for its fourth straight day of gains.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Friday July 3:

Swipe or scroll to reveal the full table. Click headings to sort.

CODE COMPANY PRICE % CHANGE MARKET CAP
2BE Tubi 0.15 87.50% $36.5M
ABV Advanced Braking Technology 0.043 72.00% $16.7M
WBE Whitebark Energy 0.005 51.52% $15.2M
CLZ Classic Minerals Ltd 0.0015 50.00% $9.4M
BBC BNK Banking 0.695 49.46% $60.3M
TUA Tuas 0.98 42.03% $320.1M
ADV Ardiden 0.011 37.50% $19.7M
MOB Mobilicom 0.11 37.50% $25.7M
OSP Osprey Medical Inc 0.03 36.36% $48.0M
EGL The Environmental Group Ltd 0.031 34.78% $6.7M
AVW Avira Resources 0.004 33.33% $3.4M
GBR Great Boulder Resources Ltd 0.037 32.14% $4.9M
HTG Harvest Technology Group Ltd 0.24 26.32% $104.7M
PAA PharmAust Ltd 0.265 26.19% $80.0M
PGX Primero 0.34 25.93% $58.4M
NOR Norwood Systems 0.03 25.00% $6.0M
ALY Alchemy Resources Ltd 0.03 25.00% $13.9M
KTG K-Tig Ltd 0.25 25.00% $28.9M
AGE Alligator Energy Ltd 0.005 25.00% $5.8M
AZI Alta Zinc 0.005 22.22% $13.8M
MRQ MRG Metals Ltd 0.011 22.22% $12.3m


 

Gains were led by pipe manufacturer Tubi (ASX:2BE), which surged in morning trade after announcing that production volumes rose by 55 per cent in the June quarter.

The pickup in activity was in response to a flurry of orders for its pipe materials — which help make pipes stronger and more cost effective — from US customers across various infrastructure sectors including oil, gas, irrigation and water.

Wireless communications company Mobilicom (ASX:MOB) also rose strongly after announcing the further strengthening of its partnership with a global drone manufacturer.

And shares in Advanced Braking Technology (ASX:ABV) rose by more than 40 per cent on the back of a technology licensing deal with VEEM Ltd, to “manufacture and supply ABT’s specialised park brake mechanism” for the Australian division of global defence and aerospace company Thales Group.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Friday July 3:

Swipe or scroll to reveal the full table. Click headings to sort.

CODE COMPANY PRICE % CHANGE MARKET CAP
ATH Alterity Therapeutics 0.069 -58.18% $72.6M
APG Austpac Resources NL 0.001 -33.33% $4.3M
CZL Consolidated Zinc 0.003 -25.00% $7.5M
FAM Family Insights Group 0.027 -20.59% $2.7M
OAR Oakdale Resources Ltd 0.002 -20.00% $1.4M
HIP Hipo Resources 0.018 -18.18% $7.0M
TKM Trek Metals 0.029 -17.14% $6.1M
CMD Cassius Mining 0.005 -16.67% $1.4M
MRC Mineral Commodities Ltd 0.205 -14.58% $86.6M
AS1 Angel Seafood 0.12 -14.29% $15.8M
KAS Kasbah Resources 0.006 -14.29% $812K
MCT Metalicity 0.031 -13.89% $43.3M
LER Leaf Resources Ltd 0.019 -13.64% $6.4M
TAR Taruga Minerals 0.035 -12.50% $13.7M
ADX Adx Energy Ltd 0.007 -12.50% $12.0M
CAA Capral 0.11 -12.00% $54.7M
MCM MC Mining 0.11 -12.00% $15.5M
CST Castile Res 0.15 -11.76% $30.0M
AUC Ausgold Ltd 0.04 -11.11% $45.4M


The post ASX Small Cap Lunch Wrap: Bulls battle the bears as stocks tread water to end the week appeared first on Stockhead.

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