{"id":11899,"date":"2022-05-03T02:45:39","date_gmt":"2022-05-03T02:45:39","guid":{"rendered":"https:\/\/economicherald.net\/?p=11899"},"modified":"2022-05-03T02:45:39","modified_gmt":"2022-05-03T02:45:39","slug":"asx-small-cap-lunch-wrap-whos-okay-they-wont-actually-bite-you-today","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=11899","title":{"rendered":"ASX Small Cap Lunch Wrap: Who\u2019s okay they won\u2019t actually bite you today?"},"content":{"rendered":"<p>Australia Post has kicked off a campaign to urge dog owners to secure their pets, with dog attacks on posties on the rise.<\/p>\n<p>Five Aussie Post team members are involved in dog incidents a day, and <a href=\"https:\/\/www.abc.net.au\/news\/2022-05-02\/australia-post-dog-owner-plea\/101031434\">more than 1,100<\/a> have been recorded in this financial year alone \u2013 that\u2019s almost 400 times more than last year.<\/p>\n<p>Australia Post Group CEO Paul Graham\u00a0said posties had ongoing trauma and anxiety due to injuries sustained in attacks.<\/p>\n<p>\u201cThese are people rushed to hospital. People who have had their calf muscle torn off, their tendons ruined, and lost the use of their hands in the normal way, through bites,\u201d <a href=\"https:\/\/www.abc.net.au\/news\/2022-05-02\/australia-post-dog-owner-plea\/101031434\">he said.<\/a><\/p>\n<p>RSPCA Victoria\u00a0has recommended people keep their dogs away from the front yard and fence \u2013 and that maybe posties should carry treats to throw which \u201ccould also help dogs be less afraid.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>To Markets \u2026<\/strong><\/h2>\n<p>The ASX 200 is down 6.50 points or 0.088% at midday today to 7,340.50.<\/p>\n<p>With four months in the books, the US stock market is putting in its worst performance in decades. The S&amp;P 500, down 13% so far this year, has had its worst start to a year since 1939, according to Dow Jones Market Data.<\/p>\n<p>\u201cIt\u2019s a market that is jittery and nervous,\u201d said Sebastien Galy, a macro strategist at Nordea Asset Management. \u201cIt has been fed liquidity for a long time, and this has been built into expectations for stocks,\u201d he said, a situation that is now changing as central banks tighten monetary policy.<\/p>\n<p>Investors are awaiting the Federal Reserve\u2019s policy meeting Wednesday for more signals on the pace of monetary tightening, with markets anticipating a rate increase of half a percentage point to counter the highest inflation in decades. The war in Ukraine and a Covid-19 outbreak in China threaten to further snarl supply chains and boost prices.<\/p>\n<p>Oil prices recovered their losses and then some, with US crude up 0.5% at $105.17 a barrel. European Union officials are working on a proposal to sanction Russian energy. Some observers are sceptical it will pass since it requires unanimous support from EU members, many of whom rely on Russian energy, according to analysts at Nordic bank SEB.<\/p>\n<p>Traders also are monitoring lockdowns in China and looking ahead to a meeting of the OPEC+ alliance later this week, where members are set to discuss its supply agreement.<\/p>\n<p>In Australia, the Reserve Bank Board meets today to make its decision on interest rates.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>ASX SMALL CAP WINNERS<\/strong><\/h2>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Here are the best performing ASX small cap stocks for May 3 [intraday]:<\/strong><\/p>\n<p><strong><em>Swipe or scroll to reveal full table. Click headings to sort:<\/em><\/strong><\/p>\n<p><strong><em>\u00a0<\/em><\/strong><\/p>\n<div class=\"supsystic-table-loader spinner\"><\/div>\n<div class=\"supsystic-tables-wrap \">\n<div class=\"supsystic-tables-features\"><\/div>\n<p>Code Company Price % Market Cap MMG Monger Gold Ltd 0.45 61% $7,000,000.00 HAL Halo Technologies 0.93 33% $90,653,940.30 SPX Spenda Limited 0.014 27% $32,281,219.53 MTC Metalstech Ltd 0.31 24% $41,666,147.50 LCY Legacy Iron Ore 0.032 23% $166,577,481.17 DCX Discovex Res Ltd 0.0085 21% $17,980,648.53 IKE Ikegps Group Ltd 0.8 21% $105,135,847.08 AGR Aguia Res Ltd 0.0565 20% $18,795,163.18 PTX Prescient Ltd 0.145 16% $81,292,900.63 HIO Hawsons Iron Ltd 1.02 15% $632,821,860.75 ODM Odin Metals Limited 0.023 15% $9,326,886.70 MMI Metro Mining Ltd 0.031 15% $80,696,781.66 BRX Belararoxlimited 0.825 15% $20,397,614.40 CAD Caeneus Minerals 0.008 14% $32,624,235.52 CML Chase Mining Limited 0.016 14% $6,553,858.65 DDD 3D Resources Limited 0.004 14% $14,631,302.32 SPT Splitit 0.285 14% $117,583,304.50 ALV Alvomin 0.33 14% $15,668,678.83 PVE Po Valley Energy Ltd 0.033 14% $29,192,659.73 LEL Lithenergy 1.515 13% $60,075,000.00 EYE Nova EYE Medical Ltd 0.27 13% $34,932,909.84 AHN Athena Resources 0.009 13% $6,503,740.46 DXN DXN Limited 0.009 13% $11,770,518.69 EXR Elixir Energy Ltd 0.19 12% $151,594,673.92 LRD Lordresourceslimited 0.38 12% $10,466,771.14 <!-- \/#supsystic-table-8820.supsystic-table --><\/p>\n<div class=\"stbConditionsData\"><\/div>\n<\/div>\n<p><!-- \/.supsystic-tables-wrap --><!-- Tables Generator by Supsystic --><!-- Version:1.10.36 --><!-- http:\/\/supsystic.com\/ --><a title=\"Wordpress Table Plugin\" href=\"https:\/\/supsystic.com\/plugins\/wordpress-data-table-plugin\/?utm_medium=love_link\" target=\"_blank\" rel=\"noopener\">WordPress Table Plugin<\/a><\/p>\n<p>\u00a0<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/monger-gold-mmg\/\"><strong>Monger Gold (ASX:MMG)<\/strong><\/a> is set to acquire American Consolidated lithium \u2013 which holds the rights to acquire the Scotty Lithium project in Nevada, USA.<\/p>\n<p>Notably, Scotty adjoins and surrounds the Bonnie Clare project \u2013 which is host to one of North America\u2019s largest lithium resources.<\/p>\n<p>The project is just 70km from Albermarles\u2019 Clayton valley mine which is the only producing lithium mine in the US, and it\u2019s 330km from Tesla\u2019s Gigafactory.<\/p>\n<p>\u201cWe are delighted to secure the Scotty Lithium Project for our shareholders at a very modest upfront cost with the majority of the consideration contingent upon the delineation of a significant JORC (2012) Resource of up to 500Mt at a grade of at least 1,000ppm lithium,\u201d chairman Peretz Schapiro said.<\/p>\n<p>\u201cThis would be a very large Resource \u2013 which illustrates the considerable upside of this acquisition.\u201d<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/metalstech-mtc\/\"><strong>Metalstech (ASX:MTC)<\/strong><\/a>\u00a0hit an incredible 173.2m grading 3.27g\/t gold and 11.8g\/t silver in drilling at the \u2018Sturec\u2019 gold mine in Slovakia.<\/p>\n<p>And <a href=\"https:\/\/stockhead.com.au\/company\/legacy-iron-ore-lcy\/\"><strong>Legacy Iron Ore (ASX:LCY)<\/strong><\/a>\u00a0has received an initial $4.8m payment from its JV with Gina Rinehart\u2019s Hancock Prospecting over the \u2018Mt Bevan\u2019 iron ore project.<\/p>\n<p>Still on the JV theme train, <a href=\"https:\/\/stockhead.com.au\/company\/discovex-resources-dcx\/\"><strong>Discovex Resources (ASX:DCX)<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/stockhead.com.au\/company\/rio-tinto-rio\/\"><strong>Rio Tinto (ASX:RIO)<\/strong><\/a>\u00a0have signed a farm-in deal over the \u2018Syvania\u2019 project, whereby Rio will pay up to $9.3m to acquire the iron ore rights.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>ASX SMALL CAP LOSERS<\/strong><\/h2>\n<p><strong>\u00a0<\/strong><\/p>\n<div class=\"supsystic-table-loader spinner\"><\/div>\n<div class=\"supsystic-tables-wrap \">\n<div class=\"supsystic-tables-features\"><\/div>\n<p>Code Company Price % Market Cap YPB YPB Group Ltd 0.001 -33% $9,176,750.55 EQS Equitystorygroupltd 0.14 -30% $5,884,997.40 VMG VDM Group Limited 0.0015 -25% $13,855,321.90 E33 East 33 Limited. 0.06 -25% $21,516,920.72 BKG Booktopia Group 0.48 -23% $85,849,561.88 AFW Applyflow Limited 0.002 -20% $7,394,020.09 OVT Ovato Limited 0.125 -19% $18,850,147.53 BRU Buru Energy 0.1725 -18% $113,073,028.11 ICE Icetana Limited 0.035 -17% $7,173,183.91 CCG Comms Group Ltd 0.089 -15% $37,938,657.02 SMS Starmineralslimited 0.175 -15% $5,381,250.00 MCT Metalicity Limited 0.006 -14% $17,888,682.04 KAL Kalgoorliegoldmining 0.13 -13% $10,865,190.00 ZLD Zelira Therapeutics 1.5 -13% $16,472,639.52 AMD Arrow Minerals 0.0035 -13% $7,295,727.04 ESH Esports Mogul Ltd 0.0035 -13% $12,887,975.85 SOP Synertec Corporation 0.07 -13% $28,588,844.80 IVO Invigor Group Ltd 0.04 -12% $6,970,593.90 PCL Pancontinental Energ 0.0115 -12% $93,004,896.53 SVM Sovereign Metals 0.63 -11% $313,160,236.05 MOH Moho Resources 0.04 -11% $5,855,791.23 WFL Wellfully Limited 0.08 -11% $22,482,307.35 MRI Myrewardsinternation 0.078 -10% $11,456,792.66 RON Roninresourcesltd 0.18 -10% $5,799,619.20 1ST 1St Group Ltd 0.009 -10% $5,541,538.08 <!-- \/#supsystic-table-8821.supsystic-table --><\/p>\n<div class=\"stbConditionsData\"><\/div>\n<\/div>\n<p><!-- \/.supsystic-tables-wrap --><!-- Tables Generator by Supsystic --><!-- Version:1.10.36 --><!-- http:\/\/supsystic.com\/ --><a title=\"Wordpress Table Plugin\" href=\"https:\/\/supsystic.com\/plugins\/wordpress-data-table-plugin\/?utm_medium=love_link\" target=\"_blank\" rel=\"noopener\">WordPress Table Plugin<\/a><\/p>\n<p>Listing on the ASX today was <a href=\"https:\/\/stockhead.com.au\/company\/equity-story-group-eqs\/\"><strong>Equity Story Group\u00a0 (ASX:EQS)<\/strong><\/a> which offers stock market trading advice, research, investor education and fund management \u2013 and Glenn McGrath is on board.<\/p>\n<p>But so far in early morning trade the company\u2019s share price is trading down 30% at $0.14.<\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/news\/asx-small-cap-lunch-wrap-whos-pleading-for-dog-owners-to-secure-their-pets-today\/\">ASX Small Cap Lunch Wrap: Who\u2019s okay they won\u2019t actually bite you today?<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Australia Post has kicked off a campaign to urge dog owners to secure their pets, with dog attacks on posties on the rise. Five Aussie <a href=\"https:\/\/economicherald.net\/?p=11899\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":11900,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ASX Small Cap Lunch Wrap: Who\u2019s okay they won\u2019t actually bite you today? - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=11899\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX Small Cap Lunch Wrap: Who\u2019s okay they won\u2019t actually bite you today? - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Australia Post has kicked off a campaign to urge dog owners to secure their pets, with dog attacks on posties on the rise. 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