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ASX Small Cap Lunch Wrap: Who’s writing their own songs today?

We should all take pride in our work and singer-songwriter Taylor Swift is no exception, taking a swipe at Blur … Read More
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This article was originally published by Stockhead

We should all take pride in our work and singer-songwriter Taylor Swift is no exception, taking a swipe at Blur frontman and Gorillaz co-creator Damon Albarn who claimed in a recent Los Angeles Times interview that she doesn’t write her own music.

The comment fired up Swift, who is officially credited with writing or co-writing all of her music. She hit back at Albarn on the social media platform saying “Your hot take is completely false”.

Local Markets

To financial markets and it’s a bit the case of do you want the bad news or the even worse news, as markets turn into a sea of red both at home and abroad.

US stocks dropped more than 5% last week, which is reportedly the worst return since COVID-19 hit the markets seriously in March 2020. The tech-heavy Nasdaq is  ~14% lighter since the start of 2022.

New year optimism is starting to give way to grey skies and the build up of an afternoon summer storm in tropical Queensland.  On local markets the ASX is back below 7000, falling sharply in morning trade at ~2.55% to sit ~6957.

Adding fuel to the fire is inflation, (traditionally equity markets look unfavourably at the key economic metric). 

Australia’s latest inflation figures have been announced with the Consumer Price Index (CPI) rising to 3.5%, up on forecasts of 3.2% compared with a year prior.

Trimmed CPI (the Reserve Bank or Australia’s preferred inflation measure as it excludes the components which show the most extreme monthly price changes) rose 2.6% compared with a year prior. The figure was up on forecasts of 2.4%.

With inflation comes the prospect of interest rate hikes spooking investors.

Markets are now priced for the RBA to lift rates earlier than anticipated, and much earlier than 2024 which it consistently earmarked throughout 2021.

Economists are already speculating as to when the RBA will announce its first lift in 2022.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for January 25 [intraday]:

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

Code Company Price % Market Cap
BAS Bass Oil Ltd 0.002 33.3% $6,919,022
GTG Genetic Technologies 0.005 25.0% $36,935,861
BEZ Besragoldinc 0.13 23.8% $18,044,246
PNX PNX Metals Limited 0.006 20.0% $18,260,968
CDA Codan Limited 9.85 17.7% $1,513,998,536
1ST 1ST Group Ltd 0.014 16.7% $6,045,311
ARE Argonaut Resources 0.0035 16.7% $10,818,614
DDD 3D Resources Limited 0.0035 16.7% $11,641,116
MBK Metal Bank Ltd 0.007 16.7% $15,646,909
OEX Oilex Ltd 0.0035 16.7% $21,338,855
AUQ Alara Resources Ltd 0.029 16.0% $17,635,731
TPD Talon Energy Ltd 0.008 14.3% $47,510,327
AKO Akora Resources 0.26 13.0% $12,038,995
MOB Mobilicom Ltd 0.045 12.5% $12,877,469
EQE Equus Mining Ltd 0.19 11.8% $28,512,682
SZL Sezzle Inc. 2.39 11.7% $424,767,378
ASW Advanced Share Ltd 0.34 11.5% $58,989,372
AQX Alice Queen Ltd 0.01 11.1% $12,332,007
A4N Alpha Hpa Ltd 0.655 10.1% $473,314,541
KFE Kogi Iron Ltd 0.011 10.0% $13,175,778
SAU Southern Gold 0.066 10.0% $12,799,725

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for January 25 [intraday]:

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

Code Company Last % Market Cap
OAR OAR Resources Ltd 0.006 -33.3% $16,691,083
CGB Cann Global Limited 0.002 -33.3% $19,006,460
ANL Amani Gold Ltd 0.0015 -25.0% $45,751,128
NPM Newpeak Metals 0.0015 -25.0% $15,299,500
WOO Wooboard Tech Ltd 0.0015 -25.0% $7,644,325
ZMM Zimi Ltd 0.009 -25.0% $11,759,033
NAG Nagambie Resources 0.048 -23.8% $31,495,738
VAR Variscan Mines Ltd 0.043 -23.2% $14,936,993
CAD Caeneus Minerals 0.01 -23.1% $56,947,866
VMM Viridismining 0.31 -22.5% $12,483,599
PCL Pancontinental Energ 0.002 -20.0% $17,885,557
1MC Morella Corporation 0.0275 -19.1% $174,563,276
NIS Nickelsearch 0.21 -17.6% $14,940,739
WIN Widgienickellimited 0.28 -17.6% $85,000,000
SLZ Sultan Resources Ltd 0.17 -17.1% $14,254,550
KEY KEY Petroleum 0.0025 -16.7% $5,903,784
MHK Metalhawk. 0.28 -16.4% $16,018,157
ARR American Rare Earths 0.31 -16.2% $144,991,486


The post ASX Small Cap Lunch Wrap: Who’s writing their own songs today? appeared first on Stockhead.





Author: Nadine McGrath

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