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Looking for some small cap shares to add to your watchlist? Then have a look at the ones listed below.

Here’s why they could be worth getting better acquainted with:

Bigtincan Holdings Ltd (ASX: BTH)

The first small cap to watch is Bigtincan. It is a provider of enterprise mobility software that allows sales and service organisations to improve mobile worker productivity through smart devices. It has a number of blue chip clients such as Australia and New Zealand Banking Group (ASX: ANZ) and sports giant Nike.

ELMO Software Ltd (ASX: ELO)

ELMO is a cloud-based human resources and payroll software company. It provides a unified platform to streamline processes for employee administration, recruitment, on-boarding, learning, performance, remuneration, compliance training and payroll. ELMO has been a strong performer in recent years and looks well-placed in the future. This is due to acquisitions and favourable industry tailwinds.

Opthea Ltd (ASX: OPT)

Another small cap to look at is Opthea. It is a developer of novel biologic therapies for the treatment of eye diseases. The key product in its portfolio is the OPT-302 combination therapy. This therapy is targeting wet age-related macular degeneration and has previously achieved very promising study results. The current standard of care treatments for wet age-related macular degeneration has annual sales of over US$3.7 billion.

Serko Ltd (ASX: SKO)

Serko is an online travel booking and expense management provider. It could be a small cap share to watch due to the quality of its products and their significant market opportunities. Another positive is that it recently signed a deal with travel booking giant Booking.com. This has the potential to be a game-changer over the coming years.

The post 4 small cap ASX shares to watch appeared first on The Motley Fool Australia.

More reading

• 3 stellar small cap ASX shares for your watchlist this month
• 3 growing small cap ASX shares to watch
• Why the ELMO (ASX:ELO) share price is charging higher today
• 2 top ASX growth shares that could be buys
• Bigtincan (ASX:BTH) share price seesaws after revenue surge

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended BIGTINCAN FPO, Elmo Software, and Serko Ltd. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO and Elmo Software. The Motley Fool Australia has recommended Serko Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Nexus Minerals Ltd (ASX: NXM) share price has continued its remarkable run and is soaring again on Tuesday.

At the time of writing, the gold explorer’s shares are up 34% to a record high of 39.5 cents.

This means the Nexus Minerals share price is now up 340% in the space of a month.

Why is the Nexus Minerals share price racing higher?

Investors have been bidding the Nexus Minerals share price higher in recent weeks following the release of several drilling updates.

The most recent came last week when the company revealed a significant gold discovery at its Wallbrook Gold Project in the eastern goldfields of Western Australia.

According to the release, Nexus Minerals achieved high-grade assay results from 13 reverse circulation (RC) holes drilled at the Templar Prospect within the Wallbrook Project.

Nexus’ Managing Director, Andy Tudor, commented: “These broad high grade results received from Templar occur in the same altered and mineralised rocks we see at the Crusader prospect, 1.2km to the south. This has effectively linked the two prospects together into one large mineralised system. Nexus is the first company to drill the Templar prospect and we are very proud of the work our exploration team has contributed leading to this discovery.”

What’s next for the company?

More drilling is on the way for Nexus Minerals. It advised that future drill programs at Templar will test for depth extensions to the mineralisation.

The drilling will also test for further strike extensions to the Crusader/Templar mineralised corridor that currently extends over 1.6km of strike and is constrained only by the extent of drilling completed by the company to date.

Based on the current Nexus Minerals share price and its share count, the gold explorer has a market capitalisation of just under $100 million. Time will tell whether it has a mineral resource that backs up this valuation.

The post The Nexus Minerals (ASX:NXM) share price is up 34% today and 340% in a month appeared first on The Motley Fool Australia.

More reading

• Nexus Minerals (ASX:NXM) share price soars 47% on new gold intercepts

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Former chair of Vocus Group Ltd (ASX: VOC), Vaughan Bowen, has appeared in court accused of selling about $25.7 million in shares while possessing inside information.

He appeared with legal representation at the Melbourne Magistrates’ Court on Tuesday charged with 2 counts of insider trading.

According to the Australian Securities and Investments Commission (ASIC), the allegations relate to Bowen’s dumping of 5,617,554 Vocus shares on 4 June 2019.

In an unremarkable trading session, the telco’s stock opened at $4.56 and closed at $4.58 that day.

But the next day all hell broke loose after talks for EQT Infrastructure IV Fund to entirely acquire Vocus were revealed to have broken down.

The share price finished 5 June 2019 at $3.77 which represented a 17.7% plunge for the day.

$4.5 million saved after alleged illegal insider trade

Bowen would have cashed in about $25.7 million on 4 June 2019. 

ASIC accuses Bowen of knowing that the takeover discussions were terminated when he disposed of those shares.

Selling on 4 June rather than on 5 June, after the public knew of the development, would have saved Bowen about $4.5 million.

Insider trading charges can attract a maximum penalty of 15 years in prison.

Bowen stepped down as chair in March 2018, which was well before the alleged insider trading occurred.

ASIC did not disclose how Bowen would have come across the inside information.

The case has been listed for a committal hearing on 7 December in the Magistrates’ Court of Victoria.

Vocus was delisted from the ASX on 23 July this year after it was eventually acquired by a consortium known as Voyage Australia Pty Limited.

The post Ex-chair faces 15 years’ jail, accused of ASX insider trading appeared first on The Motley Fool Australia.

More reading

• Why has the ASX (ASX:ASX) share price slumped 6% in 3 weeks?
• Here are the 3 most heavily traded ASX 200 shares so far today
• Appen (ASX:APX) share price dips lower despite positive announcement
• The Newcrest Mining (ASX:NCM) share price is down 4% since reporting
• Why Australian Ethical, Brambles, Novonix, & Zip shares are tumbling lower

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The ASX Ltd (ASX: ASX) share price has had a tough run lately despite the company’s silence.

The ASX share price has fallen a significant 6% over the last 3 weeks.

While the stock exchange operator hasn’t posted any price-sensitive news in nearly a month, there have been a couple of happenings that could have impacted its share price.

Right now, the ASX share price is $83.16, 2.33% higher than its previous close.

Let’s take a closer look at what might have been driving ASX’s shares lower recently.

What might be driving ASX on the ASX?

The ASX share price has had a rough trot these last few weeks, even as the company hasn’t posted news since mid-August.

However, ASX’s ex-dividend date was passed on 6 September. That means that an investor needed to have the company’s shares in their portfolio before that date to receive a dividend.

As the company’s final dividend for financial year 2021 was worth $1.112, it makes sense the market saw the value of ASX’s stock drop by that amount from the ex-dividend date.

In fact, the ASX share price fell by $1.58 on its most recent ex-dividend date.

Additionally, the company’s share price might be recovering from the notable climb that followed the release of its financial year 2021 results. Over the 3 days following the release of ASX’s financial year 2021 earnings, the company’s shares gained 8%.

The poor 3 week’s performance might be representative of the market’s excitement surrounding ASX’s earnings dwindling.

Further, the last few weeks haven’t been great for the broader market. The S&P/ASX 200 Index (ASX: XJO) has fallen 0.7% over the last 3 weeks. While the All Ordinaries Index (ASX: XAO) is down 0.3%.

This means, no matter what’s caused its slump, ASX’s stock isn’t alone in its recent struggles.

ASX share price snapshot

Despite ASX’s stock’s recent slump, it’s still having a good year on the ASX.

It is currently 14% higher than it was at the start of 2021. It has also gained 0.7% since this time last year.

The post Why has the ASX (ASX:ASX) share price slumped 6% in 3 weeks? appeared first on The Motley Fool Australia.

More reading

• ASX (ASX:ASX) share price lifts despite ASIC findings on system failure
• ASX (ASX:ASX) share price edges higher on mixed FY21 results
• How did the ASX share price respond last earnings season?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is having an… ok day on the markets this Tuesday. At the time of writing, the ASX 200 is up a reasonable 0.19% to 7,439 points.

But let’s now check out some of the most active ASX 200 shares in terms of raw trading volume. Here are the top 3 most traded shares today at the time of writing, according to investing.com.

The 3 most heavily traded ASX 200 shares so far today

Telstra Corporation Ltd (ASX: TLS)

Telstra is our first ASX 200 share to check out today. This Tuesday has seen an impressive 19.77 million shares swap hands so far. Since there is no major news or announcements out of Telstra today, we can probably put this high volume down to the Telstra share price performance.

At the time of wiring, this telco is up a very robust 1.53% to $3.76 a share. This sizable jump is likely to be behind the elevated trading volumes we are seeing with Telstra shares.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium producer Pilbara is next up here. This Tuesday has seen 23.09 million Pilbara shares changing owners at this point of the day.

As with Telstra, we can probably put this high volume down to the good show Pilbara shares have put on today, rather than anything concrete out of the company. The Pilbara share price has risen a healthy 1.82% so far to $2.24 a share. It’s probable that this is behind the large volume of Pilbara shares trading today.

Oil Search Ltd (ASX: OSH)

ASX 200 energy company Oil Search is our final share today. Oil Search takes the cake for the most traded ASX 200 share so far, with a whopping 23.6 million shares bought and sold today.

Again, we don’t have to look too far to see what’s going on here. Most ASX energy shares are on fire today, spurred upwards by rising crude oil prices. In Oil Search’s case, this has resulted in a healthy 4.81% rise so far to $3.92 a share. It’s almost certain this big jump is responsible for such high trading volume for this company.

The post Here are the 3 most heavily traded ASX 200 shares so far today appeared first on The Motley Fool Australia.

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• ASX 200 energy shares are leading the market on Tuesday
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Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Appen Ltd (ASX: APX) share price is heading south regardless of the company providing a positive update today.

At the time of writing, the artificial intelligence data services provider’s shares are down 0.81% to $9.78. It’s worth noting that its shares hit a multi-year low of $9.58 yesterday, a level not seen since May 2018.

Appen completes acquisition

In a statement to the ASX, Appen advised it has completed the acquisition of leading global location data provider Quadrant.

The latest procurement is expected to expand Appen’s data capabilities and product offering for existing customers. In addition, management hopes it will open the door to new growth opportunities in the global location intelligence market.

Valued at US$11.9 billion, the global location intelligence market is forecast to grow 14% at a compounded annual growth rate (CAGR). This translates to a sector that could be potentially worth US$29.8 billion in 2027, signifying attractive returns for Appen.

The company made an upfront cash payment of US$25 million for the entire share capital of the Quadrant business. However, an additional payment of up to US$20 million is applicable should revenue milestones for 2022 and 2023 be met.

Appen intends to increase its investment in Quadrant’s product and market expansion for the remainder of 2021 and in 2022. While growth is projected to accelerate, Appen’s FY21 underlying earnings before interest, tax, depreciation and amortisation (EBITDA) will be reduced by around US$2 million. This gives Appen a full-year FY21 EBITDA guidance of between US$81 million to US$88 million.

The company is projecting a stronger order book and a weighted second-half revenue skew to finish off the financial year. It noted that this is due to customer delivery schedules for e-commerce, digital ads and search programs.

Appen share price snapshot

Over the past 12 months, Appen shares have fallen from grace to record losses of a mammoth 69%. Year-to-date has not fared any better, registering a drop of around 60%.

The former market darling has been heavily impacted by COVID-19 as its United States-based customers delayed or cancelled project spending.

At today’s price, Appen commands a market capitalisation of roughly $1.2 billion with approximately 123 million shares outstanding.

The post Appen (ASX:APX) share price dips lower despite positive announcement appeared first on The Motley Fool Australia.

More reading

• ASX 200 tech shares are dragging the market on Monday
• Why Appen (ASX:APX) and this ASX growth share could be buys
• Is the Appen (ASX:APX) share price in the buy zone?
• How have ASX technology shares performed during the August 2021 earnings season?
• 2 highly rated ASX growth shares to buy

Motley Fool contributor Aaron Teboneras owns shares of Appen Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Appen Ltd. The Motley Fool Australia owns shares of and has recommended Appen Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Newcrest Mining Ltd (ASX: NCM) share price has slipped into the red over the past few weeks, despite a strong FY21 earnings result last month.

Whereas the S&P/ASX 200 index (ASX: XJO) has slipped 2.5% into the red over the last month, Newcrest shares have fallen by around 3%.

Let’s investigate why this is so.

What’s happened since Newcrest Mining reported its FY21 earnings?

The Newcrest share price has been on the move since the company reported its FY21 earnings last month. In its report, the company recognised a 17% year-on-year gain in revenue, coupled with a record free cash-flow conversion of $1.1 billion.

Due to all of this available cash, Newcrest declared a fully franked final dividend of US40 cents (AU54 cents) per share, signifying a 129% increase from the year before.

As such, shareholders are to enjoy a total dividend of US55 cents (AU75 cents) per share in their bank accounts at the end of this month.

One would think this kind of performance warrants a reward from investors, as is the case with similar companies albeit in different industries. Yet, the Newcrest share price has decreased 4% since reporting.

However, Newcrest is in a unique position that means its fundamentals sit second on the throne in how market payers value its share price. What is the reason for this?

The reason is that, as an ASX resources share that mines and produces commodities, Newcrest Mining is considered a price taker. That means its share price fluctuates with price fluctuations in the broader commodity markets.

Looking at the chart of the gold spot price this year, we can see it’s been on a wild ride. First of all, it’s 5.5% down off its high in January this year, but its journey from February to September has been one of significant volatility.

Zooming in over the past few weeks specifically, we can see gold has come off two recent highs of approximately US$1,830/t.oz in August and September, and now trades at US$1,791/t.oz.

Taking these points into consideration, it starts to make sense as to why the Newcrest share price is down 4% since reporting its FY21 earnings.

Newcrest share price snapshot

The Newcrest share price has been on a bumpy ride this year to date and has posted a loss of 5% since January 1.

It has also lost 24% over the past 12 months. Over the last week alone, Newcrest shares are down a further 3%.

These results have lagged the broad index’s return of around 25% over the past year.

The post The Newcrest Mining (ASX:NCM) share price is down 4% since reporting appeared first on The Motley Fool Australia.

More reading

• Is worst over for ASX gold shares as Macquarie upgrades sector?
• 5 things to watch on the ASX 200 on Monday
• How have ASX resources shares performed during the August 2021 earnings season?
• 5 things to watch on the ASX 200 on Friday
• ASX 200 midday update: Macquarie jumps, gold miners sink

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In late trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.1% to 7,435.1 points.

Four ASX shares that have failed to follow the market higher are listed below. Here’s why they are tumbling:

Australian Ethical Investment Limited (ASX: AEF)

The Australian Ethical share price has sunk 13.5% to $9.52 despite there being no news out of the ethical investment company. However, with its shares more than doubling this year prior to today, some investors could be taking a bit of profit off the table.

Brambles Limited (ASX: BXB)

The Brambles share price has fallen 8% to $11.25. Investors have been selling this supply chain logistics company’s shares following the release of an update after the market close on Monday. That update revealed that the company is expecting underlying profit growth of just ~1% to ~2% in FY 2022. This is due to management flagging FY 2022 as an investment year for the company.

Novonix Ltd (ASX: NVX)

The Novonix share price is down 4.5% to $5.57. This battery materials company’s shares were on fire last week but have now run out of fuel. A broker note out of Morgans on Friday could be the reason why. According to the note, the broker has downgraded the company’s shares to a hold rating with a $5.68 price target. Morgans felt that its shares were fully valued following a strong gain.

Zip Co Ltd (ASX: Z1P)

The Zip share price is down 2% to $6.88. This is despite the buy now pay later provider releasing its Retail Investor Day presentation this morning. That presentation revealed the company’s plans for savings accounts, rewards, and cryptocurrencies. Investors may be disappointed that no trading update was provided with the release. Especially given concerns that its growth could be slowing.

The post Why Australian Ethical, Brambles, Novonix, & Zip shares are tumbling lower appeared first on The Motley Fool Australia.

More reading

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• Which ASX 300 shares are the biggest winners and losers today?
• Brambles (ASX:BXB) share price slides 11% after investor day presentation
• ASX 200 (ASX:XJO) midday update: Westpac asset sale blocked, Zip crypto update
• Zip (ASX:Z1P) share price lower despite savings and crypto products update

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Australian Ethical Investment Ltd. and ZIPCOLTD FPO. The Motley Fool Australia has recommended Australian Ethical Investment Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Commonwealth Bank of Australia‘s (ASX: CBA) share price has edged into the green in late afternoon trading, up a slender 0.3%.

The CBA share price has closely mirrored the performance of the S&P/ASX 200 Index (ASX: XJO) today. The index also spent much of the day in the red until clawing back to a small gain at time of writing.

Below we look at CommBank’s latest announcement on the sustainability front.

What green development loans is the bank supporting?

In a media release unlikely to have a material impact on the CBA share price today, CommBank reported it served as the sole financier and “green coordinator” for Charter Hall Group‘s (ASX: CHC) 480 Swan Street development, located in Victoria.

According CommBank, the $202 million construction facility is Australia’s maiden Climate Bond Initiative-certified Green Development Loan.

On completion, Charter Hall’s development will house the headquarters of Australia Post. Construction is being undertaken under carbon-neutral guidelines. The goal is to achieve a 6-star Green Star rating and a 5-star NABERS Energy rating.

The International Energy Agency (IAA) estimates that between construction and operation, buildings across the world account for more than one third of global energy use.

Commenting on the green development loan, CBA’s managing director, real estate and future cities Michael Thorpe said:

Charter Hall’s green construction facility breaks new ground in Australia’s green loan market, an achievement that reflects the high sustainability standards at the core of their design and development process.

Charles Davis, managing director, sustainable finance and ESG at Commonwealth Bank, added, “This new application of the green loan overlay will incentivise more Australian property developers to commit to building new commercial building stock to high environmental standards.”

To secure green development loans, projects need to meet various sustainability benchmarks in both development and operational stages.

CBA share price snapshot

Up 53% over the past full year, the CBA share price has slipped around 0.6% lower over the last month.

CBA’s shares are currently trading for $101.64.

The post CBA (ASX:CBA) share price edging higher as bank supports green loans appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The bounce in the St Barbara Ltd (ASX: SBM) share price is giving hope that the embattled gold miner has turned a corner.

The small cap gold producer jumped 2.5% to $1.49 in after lunch trade and has bounced over 4% since hitting a six-year low last week.

There are a few reasons to explain the underperformance of the St Barbara share price. The sharp drop in the gold price is one, but the miner also struggled with company-specific issues.

Why the St Barbara share price was under pressure

St Barbara withdrew its FY21 guidance as problems at its PNG operations weighed. It also wrote down the value of its Canadian assets due to ongoing production delays.

But improving sentiment towards gold could set the struggling ASX gold miner up for further gains.

Investors have dumped gold shares as the precious metal tumbled from record highs of over US$2,000 to around US$1,800 an ounce.

However, several brokers have recently turned cautiously positive towards the sector after the big sell-off.

Value emerging in ASX gold shares

As I reported yesterday, Macquarie Group Ltd (ASX: MQG) is one that upgraded its view on ASX gold shares.

Morgans is another that sees value emerging in the sector, which has fallen harder than the gold price.

“While the USD gold price was strongest at the beginning of June, in AUD terms the spot gold price peaked in late August above A$2,500/oz before declining slightly,” said Morgans.

“Inflation concerns seemed to subside globally, with high results considered transitory.”

Is the St Barbara share price a buy?

But before you rush in to buy the St Barbara share price, or any ASX gold shares for that matter, be warned that not all stand to benefit equally from a potential rebound in the commodity.

“No two gold miners are the same. Scale of production, jurisdiction and number of operations all factor into the market valuation,” explained Morgans.

“Larger miners provide relatively ‘safer’ optionality to the gold price with production spread across several operations.

“Small producers may offer more leverage to the gold price, or upside from discovery or production growth, but at relatively higher risk.”

Best ASX gold shares to buy now

Looking at the ASX gold shares under its coverage, Morgans picks the Ramelius Resources Limited (ASX: RMS) share price as a standout buy.

Ramelius delivered a record FY21 production result and is well placed to break the record again this year. This means Ramelius could be a safer investment than the St Barbara share price.

“With forward guidance over 9 years, RMS continues to be one of the most open gold producers we see, and we believe upside remains at Edna May and Eridanus,” said Morgans.

The broker’s 12-month price target on the Ramelius share price is $2.08 a share.

The post Why the St Barbara Ltd (ASX: SBM) share price is outperforming today appeared first on The Motley Fool Australia.

More reading

• Is worst over for ASX gold shares as Macquarie upgrades sector?
• Macquarie (ASX:MQG) share price struggles amid broker sell rating
• Top brokers name 3 ASX shares to sell next week
• September is not being kind to the BHP (ASX:BHP) share price
• Ramelius (ASX:RMS) share price lifts on boosted resource statement

Motley Fool contributor Brendon Lau owns shares of Macquarie Group Limited and Ramelius Resources Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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