Following in the footsteps of Microsoft and Google, Aussie food processor SPC has announced mandatory vaccines for all staff and visitors.
SPC Chair Hussein Rifai reckons the company is akin to essential services like aged care and front-line medical staff.
“We believe that it’s a precedent for companies to ask their employees to do something that’s reasonable to protect them, protect their co-workers, and protect the society that they’re in,” he said.
Staff have six weeks to book their first vaccination or risk being barred from on-site work – but they will get paid leave and up to two days of ‘special leave’ for recovery if they become unwell after.
To Markets …
Wall Street’s main indexes closed mostly lower overnight.
After six straight months of gains, the benchmark S&P 500 has struggled to rise in August over concerns about the pace of growth as the economy rebounded from the depths of the COVID-19-driven recession, and fears of higher inflation overshadowed a stellar corporate earnings season, Morningstar says.
Still, tech and tech-adjacent stocks such as Netflix, Amazon.com and Facebook, which tend to perform better when interest rates are lower, outperformed the broader market yesterday.
The local bourse has bounced higher in early trade, with the benchmark ASCX 200 index 0.22% to 7,520.
WINNERS
Here are the best performing ASX small cap stocks in morning trade for Thursday, August 5:
Swipe or scroll to reveal the full table. Click headings to sort.
Code Name Price % Change Volume Market Cap WOO Wooboard Tech Ltd 0.002 100 21306022 $ 3,822,162.74 PFE Panteraminerals 0.3 50 3298823 $ 7,700,000.00 OPL Opyl Limited 0.15 25 26244 $ 6,526,246.20 BAS Bass Oil Ltd 0.0025 25 2804976 $ 6,687,802.43 PKD Parkd Ltd 0.052 21 2230895 $ 4,308,605.72 CLE Cyclone Metals 0.006 20 30309232 $ 22,661,184.91 DCX Discovex Res Ltd 0.006 20 996 $ 12,843,320.38 LEL Lithenergy 0.56 17 1195634 $ 21,600,000.00 KNM Kneomedia Limited 0.007 17 712150 $ 6,580,079.97 XST Xstate Resources 0.0035 17 3817013 $ 9,645,544.95 IOD Iodm Limited 0.3 15 78475 $ 148,502,004.30 ARR American Rare Earths 0.1075 14 6049109 $ 32,364,982.64 FTZ Fertoz Ltd 0.24 14 453361 $ 42,863,664.69 BDX Bcaldiagnostics 0.175 13 128146 $ 20,386,617.11 AFW Applyflow Limited 0.009 13 16301491 $ 23,554,097.11 DDD 3D Resources Limited 0.0045 13 740491 $ 15,521,488.37 HSC HSC Technology Group 0.018 13 1653479 $ 31,483,829.39 OEL Otto Energy Limited 0.009 13 3740856 $ 38,360,078.18 TIG Tigers Realm Coal 0.009 13 720000 $ 104,533,618.94 KMT Kopore Metals Ltd 0.028 12 1018084 $ 16,134,722.50 ALB Albion Resources 0.19 12 70746 $ 4,780,171.86 FFX Firefinch Ltd 0.445 11 12363720 $ 364,108,346.40
The biggest gainer today was Wooboard Technologies (ASX:WOO), which ticked higher by 100% to 0.2c on no news.
There was also a big jump for ASX newcomer Pantera Minerals (ASX:PFE), the WA-based iron ore/ copper/ manganese explorer which ripped higher on debut after raising $7m from investors at 20c per share.
Opyl Limited (ASX:OPL) and Bass Oil (ASX:BAS) both saw a 25% increase, followed by Parkd (ASX:PKD) up 21% and Cyclone Metals (ASX:CLE) and Discovex Resources (ASX:DCX) both up 20% – all on no news.
Up 17% was Lithium Energy (ASX:LEL) off the back of news it’s edging closer towards environmental approval for its Solaroz project in Argentina.
Kneomedia (ASX:KNM) and Xstate Resources (ASX:XST) were also up 17% – but on no news.
And Iodm (ASX:IOD) rose 15% after announcing a new revenue opportunity from its WUBS partnership agreement in the UK of around $465,000-$780,000 per annum – dependent on the number of students that pay their tuition fees and accommodation through the payment’s platform.
LOSERS
Scroll or swipe to reveal table. Click headings to sort.
Code Name Price % Change Volume Market Cap AIR Astivita Ltd 0.68 -24 17103 $ 22,376,388.60 GGX Gas2Grid Limited 0.002 -20 150118 $ 10,115,255.20 OEX Oilex Ltd 0.004 -20 3000000 $ 28,429,857.86 EGY Energy Tech Ltd 0.13 -19 15856 $ 27,564,034.24 RNX Renegade Exploration 0.006 -14 100066 $ 6,157,386.47 VAL Valor Resources Ltd 0.0095 -14 7405420 $ 31,887,145.60 PRS Prospech Limited 0.091 -13 432602 $ 6,827,161.85 ADX ADX Energy Ltd 0.007 -13 137787 $ 21,232,512.25 RD1 Registry Direct 0.014 -13 1000000 $ 5,104,639.71 AIB Aurora Glb Trust 0.14 -13 9101 $ 1,114,686.72 G88 Golden Mile Res Ltd 0.055 -11 1809608 $ 8,681,136.34 AVW Avira Resources Ltd 0.004 -11 90000 $ 6,187,680.00 MRD Mount Ridley Mines 0.004 -11 6238874 $ 22,568,056.07 PNX PNX Metals Limited 0.008 -11 14576875 $ 32,869,741.60 SPT Splitit 0.575 -10 4578012 $ 298,370,062.72 AJX Alexium Int Group 0.076 -10 1173510 $ 53,776,568.66 ENV Enova Mining Limited 0.019 -10 125000 $ 7,111,835.72 LPD Lepidico Ltd 0.019 -10 62276007 $ 129,193,731.37 ATP Atlas Pearls Ltd 0.029 -9 963215 $ 13,691,896.26 AQD Ausquest Limited 0.02 -9 2341984 $ 18,110,176.28 CGB Cann Global Limited 0.005 -9 3590726 $ 28,265,904.06 NVA Nova Minerals Ltd 0.11 -8 962623 $ 201,713,597.64 OOK Ookami Limited 0.275 -8 1907529 $ 9,944,497.20 ECT Env Clean Tech Ltd. 0.011 -8 758736 $ 14,197,506.30
The biggest loser was Astivita (ASX:AIR) down 24% on no news, followed by Gas2Grid (ASX:GGX) and Oilex (ASX:OEX) down 20% and Energy Technologies (AX:EGY) down 19% – all on no news.
Renegade Exploration (ASX:RNX) dropped 14% on no news, with Valor Resources (ASX:VAL) also down 14% even after announcing radiometrics had revealed new anomalies at its Hook Lake uranium project in Canada.
The post ASX Small Cap Lunch Wrap: Who’s following in the footsteps of giants today? appeared first on Stockhead.
