ASX Small Caps Lunch Pack: Who else thinks Elon Musk is doing things the hard way?

Beyond SpaceX – there’s a new player in town. The story of this flying hamster comes from the Land of the Rising Sun, thanks to a team of Japanese space and rodent enthusiasts who sent a deeply confused hamster into the stratosphere.

According to Hokkaido Shimbun, a team from local air and space photography concern Iwaya Giken has done the work…*Check Notes* … stuff the flight commander Mr. Hamster into a pressurized plastic tube, tie a very large balloon to it and let go.

The furry Ultimate Frontier explorer took to the skies at 6.2 meters per second (and slept most of the time, they told us), reaching a height of 23,000m in about an hour, before – this is excellent The important thing – return to Earth safely, splash down somewhere in the waters off Miyakojima.

Flight Commander Hamster-san: Definitely bricks it in a really cute way.Image: Courtesy of Iwaya Giken

The ultimate goal, according to the company, is to conduct manned test flights to an altitude of 25,000 meters, allowing people to “feel outer space.”

“We’re continuing to experiment so people can get on board and back safely,” a spokesman said, without mentioning how the company hopes to put a whole person into a hamster-sized tube.

The international community’s response to Japan’s recent forays into domestic space travel has been swift and – for the most part – positive. Richard Gere has picked the film rights, and David Bowie’s head is being unfrozen to write a song about it.

However, the news was not welcomed by all parties. North Korea’s space agency has reportedly been found using hastily built wooden trebuchets to shoot Kim Jong-un after North Korea’s leader said “space rodents” “pose a clear and harmful threat to our glorious national sovereignty, and look delicious” -Unmonauts sent into orbit.

to the market… Beyond!

The first was a quick world tour, and Wall Street’s overnight success wasn’t too bad. The Nasdaq led the way with a gain of 1.62%, followed by the S&P (up 0.95%) and the Dow (up 0.64%).

Asian markets are also setting their sights on bigger and better things today. Shanghai rose 0.77%, Japan’s Nikkei hitched a ride with Space Hamster up 0.72%, and Hong Kong was the biggest gainer, up 1.2%.

Commodities, however, continued to struggle, with oil down 0.45% and natural gas down 0.51%. Gold and silver were both down about 0.18%, but copper was up 0.83% on special.

The Australian market looked destined to end the week with a sigh of frustration and weariness, despite a cheery Wall Street presentation overnight and some outsized moves by individual players ahead of lunch.

Across the market sector as a whole, InfoTech blazed a path forward, surging around 4.0% and dragging down some followers including telcos (+1.8%) and real estate (+1.4%).

But in early trade, the energy sector hit the brakes, extending a steady decline for the week, down about 1.5%. The materials sector, which has been battered for much of the week, bravely fought to break even in early trading.

The final result sent the benchmark up 0.2%. Keep climbing, big man…we’re all with you.

The biggest gainer among companies still stocking three-ply paper in bathrooms this morning was Block Inc (ASX:SQ2)rose nearly 10.0% after Cathie Wood’s ARK Innovation Fund found some waves behind the couch and added to its holdings.

Latitude Group (ASX:LFS) Also up this morning, regaining some of the value it lost during the 2022 Big Hummer fiasco. Latitude hit a low of $1.08 at the close yesterday and surged to around $1.25 today as bargain hunters.

Finally some good news for this week’s two lunch packs perennial Inclusions, Lake Resources (ASX:LKE) and Sayona Mining (ASX:SYA)it turned things around in extraordinary ways.

Shares in Lake Resources jumped more than 20% after an afternoon market update appeared to stem a wave of investors rushing to exit, while news of a new lithium target at Sayona’s Mt Edon project had a similar impact of about 13.0%. Although it looks like most lithium stocks are riding the rally sparked by Vulcan’s big deal with Stellantis.

Didn’t get a big scalp slap this morning, but the week didn’t end well Ark Mines (ASX:AHK), whose price fell another 15 per cent as the market appeared to be completely lukewarm about its work in Gunnawarra. On the bright side, AHK remains well above its year-to-date waterline at around 470.0%.

ASX small cap winners

Here are the best-performing ASX small caps for June 24 [intraday]:

Swipe or scroll to reveal the full table. Click on the title to sort:

The highlight of the morning is undoubtedly the aforementioned Vulcan Energy (ASX:VUL)which rose to prominence after a super-profitable equity investment by automaker Fiat Chrysler and PSA Group’s cleaner, greener car joint venture Stellantis.

Stellantis invests $76 million in Vulcan, Locking in a sizable chunk of its future battery mineral demand – the market appreciated by lighting up the race under the Vulcan price, which rose more than 25.0% by midday.

as delightful Emma Davis pointed out yesterday, Avita Medical (ASX:AVH) This week is also worth watching. The spray-on skin technology is approaching the US FDA’s approval to expand its product into vitiligo and soft tissue injuries, while its price is approaching a monthly high, up about 15.0%.

Announcement from LiveHire (ASX:LVH) The Master Services Agreement signed with ManpowerGroup Talent Solutions – giving locals a foothold in the US market – caused quite a stir, with prices rising more than 35.0% to almost break-even levels year-to-date. Picked by Reuben —because that’s what Reuben did.

For a little taste of the under-the-radar flying action, local stuff suppliers make the interior of your windowless van look like an AirBnB in Byron Bay, Temple & Webster (ASX:TPW)has climbed from last week’s lows of $3.20 to around $3.80, up 10.0% this morning alone.

ASX small cap losers

Here are the worst-performing ASX small caps for June 24 [intraday]:

Swipe or scroll to reveal the full table. Click on the title to sort:

you may be interested

Leave a Comment

%d bloggers like this: