ASX Small Cap Lunch Wrap: Who’s having a close shave today?

Local markets have had a sluggish start to the week after US stocks fluctuated near all-time highs on Friday night.

Big banks dragged the ASX200 lower while the Small Ords was also in the red.

But we’d be remiss if we didn’t pause the market update briefly to bring you this massive stack from MotoGP overnight:

The results indicate that when you brake unexpectedly at 300km/h, bad things tend to happen.

In this case, two riderless bikes flying through the air while two other riders (including seven-time champ Valentino Rossi) briefly saw their life flash before their eyes.

But all’s well that ends well and by midday AEST, the local market was finding some traction as the Small Ords battled back into positive territory while earnings season continues in full swing.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Monday August 17:

CODE COMPANY PRICE CHANGE MARKET CAP
BMG BMG Resources Ltd 0.012 71.43% $8.0M
HYD Hydrix 0.13 46.07% $13.8M
MNB Minbos Resources Ltd 0.0015 50.00% $5.7M
EPM Eclipse Metals Ltd 0.008 33.33% $11.3M
CFE Cape Lambert Resources 0.003 50.00% $5.2M
PRM Prominence Energy NL 0.01 25.00% $2.4M
MGT Magnetite Mines 0.01 25.00% $22.6M
PSC Prospect Resources Ltd 0.225 25.00% $64.3M
SRH Saferoads Holdings Ltd 0.28 24.44% $10.2M
S2R S2 Resources Ltd 0.14 21.74% $43.4M
ADA Adacel Tech Ltd 0.665 20.91% $49.3M
NTI Neurotech Intl 0.012 20.00% $3.0M
CGN Crater Gold Mining Ltd 0.012 20.00% $14.7M
BEL Bentley Capital Ltd 0.055 19.57% $4.2M
LNY Laneway Resources Ltd 0.009 18.75% $34.0M
RMI Resource Mining Corporation 0.013 18.18% $3.9M
EXR Elixir Petroleum 0.135 17.39% $89.6M
BNO Bionomics 0.11 17.02% $65.8M
CHN Chalice Gold Mines 1.28 17.97% $392.1M
BRN Brainchip Holdings 0.235 17.50% $342.0M


 

BMG Resources (ASX:BMG) led the pack, after coming out of a trading halt to announce the share-based acquisition of three “highly prospective” WA gold projects from Oracle Mining.

The cornerstone of the three is the Abercromby project in Wiluna, where BMG plans to explore a number of “existing thick high-grade gold intercepts” as it moves towards proving up a maiden resource.

To fund the deal, BMG announced a $4m share placement, $3m of which it said had already been funded at 5c per share — a discount of more than 100 per cent to today’s trading price above 11c.

Also rising sharply was engineering firm Hydrix (ASX:HYD), after some positive news from its medtech division.

The company said implants of the US-made AngelMed Guardian heart-monitoring system — for which Hydrix has exclusive distribution rights into the Asia-Pacific — were successfully completed on four patients in Singapore.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Monday August 17:

CODE COMPANY PRICE CHANGE MARKET CAP
ANW Aus Tin Mining 0.001 -50.00% $3.0M
ANL Amani Gold 0.001 -25.00% $7.8M
LCY Legacy Iron Ore 0.004 -20.00% $25.0M
XTC Xantippe Resources 0.002 -20.00% $8.2M
GIB GIBB River Diamonds 0.054 -15.63% $9.7M
FXL Flexiroam Ltd 0.012 -14.29% $4.9M
FPL Fremont Petroleum 0.003 -14.29% $6.4M
PNX PNX Metals 0.01 -13.04% $25.4M
WWI West Wits Mining Ltd 0.023 -11.54% $23.5M
KP2 Kore Potash DRC 0.016 -11.11% $28.0M
AAJ Aruma Resources Ltd 0.008 -11.11% $9.1M
ACB A-Cap Energy 0.017 -10.53% $14.8M
BOC Bougainville Copper 0.255 -10.53% $102.3M
IEC Intra Energy Corporation 0.009 -10.00% $3.5M
SBW Shekel Brainweigh 0.18 -10.00% $27.8M
XAM Xanadu Mines 0.048 -9.43% $43.7M
GWA GWA Group Ltd 2.5 -9.42% $728.5M
SHK Stone Resources Australia 0.01 -9.09% $9.2M
BIQ BuildingIQ Inc 0.01 -9.09% $4.1M


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