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ASX Small Caps Lunch Wrap: Who else is feeling unexpectedly groovy today?

The ASX 200 has fallen again after a Wall Street dump overnight, but locals Northern Star, A2M and WA1 resources … Read More
The post ASX Small Caps…



This article was originally published by Stockhead

From the US comes a cautionary tale – a story about how one man’s sweet tooth has launched him into orbit and landed him in hot water, all at the same time.

Local media has reported that Connecticut bus driver Jinhuan Chen has been arrested and charged with 38 counts of reckless endangerment, after an ‘incident’ at work had police briefly baffled and then bemused.

Chen was ferrying passengers from the Mohegan Sun Casino to Destination Unknown when, for no apparent reason, he pulled over to the side of a busy interstate highway and blacked out harder than a bride-to-be in the back of a stretch Hummer.

Police say they arrived to find Chen in a very poor state indeed, an open bag of Smokies Edibles Cannabis Infused Fruit Chews on the seat by his side.

I feel a bit lightheaded… maybe you should drive. Pic via Getty Images

Chen was carted off to hospital, where blood tests found he had super-high (heh) levels of THC in his bloodstream.

“He has a sweet tooth and likes candy,” the driver’s boss said, cheerfully ignoring the fact that Chen was higher than Cheech and Chong when police found him.

Chen’s due in court in late August, where his claim that he didn’t know that Smokies Edibles Cannabis Infused Fruit Chews could get you off your tree is about as likely to stand up in court as he was the day he got pinched.


It’s not just Connecticut bus drivers feeling woozy – markets are pretty much out on their feet this morning, thanks to yet another shocker on Wall Street overnight.

Rising interest rates in the US, the UK and Switzerland in the past 24 hours have put enormous pressure on local markets, with JPMorgan Chase & Co’s number nerds starting to mutter about an 85% chance of recession. Those are not great odds.

The ASX 200 got the day off to a horrible start, dropping like a pole-axed peasant to shed 2.5% in the first 30 minutes, a sharp decline after three days of relatively steady movement since Tuesday’s poor showing.

Every market sector has fallen into the red, with Tech (-3.25%), Materials (-2.86%) and Financials (-2.45%) weighing heaviest.

In Big Business Land, auto parts manufacturer GUD Holdings (ASX:GUD) has taken a thorough beating, after news of its downgraded FY22 earnings guidance broke after the bell rang yesterday. By lunchtime, GUD had been stripped of around 21% of its value, down $2.00 to $7.61.

In the interests of putting a smiley face in here somewhere, a few of the big players have managed to swim against the tide. Northern Star (ASX:NST) climbed 4.28%, Evolution Mining (ASX:EVN) added 5.29% and beleaguered cow-groping specialists A2 Milk (ASX:A2M) was up 3.74% – and there will be good news in the Small Cap section below, if you want to skip ahead.

Around the world, however, it’s red, red and a small dab of green. The previously-mentioned Wall Street fall has the Nasdaq down 4.0%, the S%P down 3.25% and the Dow down 2.42%.

Asian markets were mixed, with the Nikkei aping US shares, falling 2.3%. Chinese and Hong Kong shares have gone their own way, however, climbing 0.29% and 0.88% respectively.

Commodities are also feeling the heat, with oil dropping 0.53%, natural gas falling 0.85%, gold dipping 0.13% and copper losing 0.19%.


Here are the best performing ASX small cap stocks for June 17 [intraday]:

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

Code Company Last % Market Cap
WA1 WA1 Resources 0.17 42% $3,484,201
CHK Cohiba Min Ltd 0.01 25% $13,021,286
XST Xstate Resources 0.0025 25% $6,430,363
DCX Discovex Res Ltd 0.006 20% $12,843,320
PVL Powerhouse Ven Ltd 0.071 18% $7,244,591
T3K Tek Ocean Group 0.135 17% $3,764,468
TCG Turaco Gold Limited 0.076 17% $27,801,583
CBL Control Bionics 0.145 16% $6,291,363
AUN Aurumin 0.15 15% $14,199,023
AJL AJ Lucas Group 0.06 15% $62,206,905
99L 99 Loyalty Ltd. 0.031 15% $31,311,435
MCT Metalicity Limited 0.004 14% $12,104,377
ATP Atlas Pearls Ltd 0.035 13% $13,264,024
MXO Motio Ltd 0.046 12% $10,097,946
OPY Openpay Group 0.19 12% $26,907,488
MEM Memphasys Ltd 0.038 12% $26,934,063
OSX Osteopore Limited 0.145 12% $15,244,871
MIO Macarthur Minerals 0.25 11% $36,282,035
PNX PNX Metals Limited 0.005 11% $19,998,260
PWN Parkway Corp Ltd 0.01 11% $19,919,362
ARV Artemis Resources 0.032 10% $40,261,599
OAR OAR Resources Ltd 0.0055 10% $10,772,824
ROG Red Sky Energy. 0.0055 10% $26,511,136
ACU Acumentis Group Ltd 0.11 10% $17,531,745
ZMM Zimi Ltd 0.11 10% $6,532,834

Top of the Pops among the small caps today is WA1 Resources (ASX:WA1), which had a solid leap of 42% off the back of “very encouraging” soil sample results which have the company all ready and raring to go with drilling early next month.

Also of note was a 17% rise for Tek-Ocean Group (ASX:T3K), despite its only recent news being an announcement that the company has moved to a new HQ, where (presumably) they’ve landed a rent reduction large enough to make an appreciable difference to the bottom line.



Here are the worst performing ASX small cap stocks for June 17 [intraday]:

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

Code Company Price % Market Cap
DCN Dacian Gold Ltd 0.1075 -37% $184,463,101
AYA Artryalimited 0.36 -36% $35,076,787
EVE EVE Health Group Ltd 0.001 -33% $6,464,713
KWR Kingwest Resources 0.065 -29% $22,353,518
CCE Carnegie Cln Energy 0.0015 -25% $30,205,147
IMR Imricor Med Sys 0.1125 -25% $21,494,091
GUD G.U.D. Holdings 7.56 -21% $1,353,998,029
LDR Lode Resources 0.12 -20% $5,932,665
GEN Genmin 0.155 -18% $53,824,692
M2R Miramar 0.081 -18% $6,354,480
MHI Merchant House 0.062 -17% $7,069,987
EX1 Exopharm Limited 0.12 -17% $22,795,672
EPX Ept Global Limited 0.058 -17% $12,731,726
8IH 8I Holdings Ltd 0.1 -17% $43,002,719
MCM Mc Mining Ltd 0.1 -17% $23,718,584
NC6 Nanollose Limited 0.06 -17% $10,719,818
BAT Battery Minerals Ltd 0.005 -17% $15,760,172
INP Incentiapay Ltd 0.01 -17% $15,180,764
3MF 3D Metalforge 0.0135 -16% $2,311,006
NGS NGS Ltd 0.11 -15% $8,997,495
UVA Uvrelimited 0.165 -15% $6,142,498
PG1 Pearl Global Ltd 0.011 -15% $12,639,215
IS3 I Synergy Group Ltd 0.05 -15% $15,839,224
8VI 8Vi Holdings Limited 1.5 -15% $75,015,117
BIO Biome Australia Ltd 0.08 -15% $14,499,372


The post ASX Small Caps Lunch Wrap: Who else is feeling unexpectedly groovy today? appeared first on Stockhead.


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