Hydrogen

Last Orders: Small caps snap three-day winning streak

Small caps have snapped their three-day winning streak, declining in addition to the rest of the Australian market.

The Little Ordinaries quit two thirds of yesterday’s gains on Thursday, completing down 33.1 points, or 1.04 per cent, to 3,157.9.

The ASX200 dipped slightly less, completing down 0.87 per cent, or 59.1 points, to 6,765.5, although the nano-cap Emerging Business index handled to prevent the drop, climbing up 0.07 percent.

Searching the intense side, the Little Ords is still up 2.5 per cent for the week, putting it on rate for its third-best week considering that August. Considering that the start of 2021, it’s up 2.2 percent.

Losses were across the board sector-wise, with financials and tech the least hit – – both dropped 0.4 per cent – – and property the worst harmed, falling 2.4 per cent.

ASX small cap news

Worldwide Oil & & Gas (ASX: GLV) with the biggest gainer, rising 66.7 percent to 3.5 c after the $16 million helium and hydrogen explorer revealed it had received a Spiritual Site Clearance Certificate for a geochemical study at its tenement in the Northern Territory.

Field Solutions (ASX: FSG) gained 7.1 percent to a three-year high of 7.5 c after winning $2.1 million in capital financing from the Western Australia federal government to expand its rural fixed cordless network.

King Island Scheelite (ASX: KIS) soared 58 per cent to 24.5 c, 2 days after the $47 million junior explorer announced it had actually won a $10 million loan from the Tasmanian government for advancement of its tungsten project on King Island, Tasmania.

Cannabis companies ECS Botanics (ASX: ECS), THC International (ASX: THC) and Roots Sustainable Farming (ASX: ROO) were all up from 10 to 12 per cent to two-month highs, possibly buoyed by three Democrats in the SENATE pledging to attempt to legalize weed at the federal level.

Volpara Health Technologies (ASX: VHT) acquired 7.4 percent to an one-year high of $1.66 following broker upgrades after its $23 million acquisition of a Massachusetts breast screening technology business.

Tombador Iron (ASX: TI1) got 41.9 per cent to 10.5 c after the Brazil-focused iron ore explorer announced it had signed a binding offtake contract with a commodity trading and logistics business, Trafigura.

Trading halts

FRIDAY:

Centaurus Metals (ASX: CTM) — mineral resource update
Marquee Resources (ASX: MQR) — capital raising

MONDAY:

PolarX (ASX: PXX)– capital raising
Macarthur Minerals (ASX: MIO)– task announcement
Magnis Energy Technologies (ASX: MNS)– funding agreement
Argosy Minerals (ASX: AGY)– capital raising
Jatcorp (ASX: JAT) – – supply agreement
First Au (ASX: FAU)– capital raising
Amani Gold (ASX: ANL)– capital raising

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