ASX Small Cap Lunchtime Wrap: Who’s shrugging off fresh contagion fears today?

Local stocks have opened the week on a relatively resilient footing, after US markets closed strongly on Friday night.

However, early gains have skewed towards the big end of town, with the ASX200 gaining around 1 per cent while the Small Ords Index dipped into the red.

The relatively buoyant performance follows news of another 177 positive COVID-19 cases in Victoria, with NSW now on high alert for more outbreaks after 10 new cases were reported via community transmission.

US stock futures are also pointing higher, even though Florida just reported a daily COVID-19 record for any US state with more than 15,000 daily infections on Sunday.

Despite those eye-watering numbers, some of Friday’s rally on US markets was attributed to continued optimism around potential virus treatments currently being developed.

SMALL CAP WINNERS

Here are the best performing ASX small cap stocks at 12pm on Monday July 13:

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

CODE COMPANY PRICE CHANGE MARKET CAP
PPL Pureprofile Ltd 0.033 312.50% $4.2M
UUV UUV Aquabotix 0.002 100.00% $1.6M
CFE Cape Lambert Resources 0.002 50.00% $1.7M
CCE Carnegie Clean 0.0015 50.00% $11.1M
ANL Amani Gold 0.0015 50.00% $7.8M
MRD Mount Ridley Mines Ltd 0.0015 50.00% $2.7M
MGT Magnetite Mines 0.003 50.00% $6.7M
WCG Webcentral Group Ltd 0.092 43.75% $11.2M
POW Protean Energy 0.007 40.00% $2.2M
IQ3 iQ3Corp Ltd 0.18 38.46% $18.7M
LCT Living Cell Technologies 0.018 38.46% $10.3M
LCY Legacy Iron Ore 0.004 33.33% $25.0M
DDD 3D Resources Ltd 0.004 33.33% $9.9M
CRO Cirralto 0.016 33.33% $13.2M
DRE Dreadnought Resources 0.011 37.50% $18.9M
TMX Terrain Minerals Ltd 0.009 28.57% $6.5M
ATR Astron 0.21 27.27% $25.7M
BCC Beam Communications 0.195 25.81% $10.3M
AAJ Aruma Resources Ltd 0.005 25.00% $4.1M
SZL Sezzle 8.6 23.74% $704.3M
CY5 Cygnus Gold 0.22 22.22% $14.1M

It’s been a big morning for tech minnow PureProfile (ASX:PPL), which opened the day with a market capitalisation of just $940,000.

With no market announcements since its quarterly 4C filing on April 30, the company said this morning it had hired a new CEO, Martin Filz, who currently runs data analytics business Eureka AI.

Whether investors warmed to the new staff hire or not is unclear, but the stock promptly ripped higher by more than 300 per cent to climb back to its highest level since January 2019.

Shares in digital services company Webcentral Group (ASX:WCG) also rose strongly on the back of a takeover offer from US company Web.com, which has offered to buy the business for $12.2m.

The 10c per share offer represented a material increase from its recent trading price, but is still a far cry from the Webcentral’s 2018 peak when its stock price reached $3.65.

SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks at 12pm on Monday July 13:

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

CODE COMPANY PRICE CHANGE MARKET CAP
RXH Rewardle Holdings Ltd 0.003 -40.00% $1.6M
UCM Uscom Ltd 0.205 -25.45% $30.0M
AYM Australia United Mining Ltd 0.003 -25.00% $7.4M
XTC Xantippe Resources 0.002 -20.00% $8.1M
EMP Emperor Energy 0.022 -18.52% $2.2M
MRW MRG Metals Ltd 0.009 -18.18% $11.1M
MCT Metalicity 0.025 -13.79% $34.9M
MKG Mako Gold 0.125 -16.67% $14.1M
DCN Dacian Gold Ltd 0.33 -16.46% $183.6M
MRC Mineral Commodities Ltd 0.215 -15.69% $97.8M
DEG De Grey Mining 0.685 -13.84% $815.3M
KTE K2 Energy Ltd 0.012 -14.29% $3.6M
RIM Rimfire Pacific Mining NL 0.006 -14.29% $11.1M
NEW Norwest Energy NL 0.003 -14.29% $14.2M
HRZ Horizon Minerals 0.13 -13.33% $58.9M
RDM Red Metal Ltd 0.1 -13.04% $21.2M
GSM Golden State Mining 0.35 -12.50% $19.5M
NCR Nucoal Resources 0.007 -12.50% $5.4M
TYM Tymlez Group 0.115 -11.54% $30.7M


The post ASX Small Cap Lunchtime Wrap: Who’s shrugging off fresh contagion fears today? appeared first on Stockhead.

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