European and US market both rose on Monday as inflation concerns ease, with tech leading the way.

Equity markets have been roiled in recent weeks by fears that strong economic data and supply bottlenecks could lead to an extended stretch of higher prices and inflation.

That could force the US Federal Reserve to scale back its massive monetary stimulus.

But markets are now less worried about inflation after US President Joe Biden’s multi-trillion dollar infrastructure bill looks to be smaller than originally thought. Yay?

Risk sentiment also improved as cryptocurrencies recovered some losses after the weekend sell-off.

Bitcoin gained on an Elon Musk tweet.

Gold and oil edged higher, but iron ore tumbled again to $US188/t. That’s an +18% drop from recent highs of ~$US230/t.

At ~12pm eastern time the benchmark ASX 200 index was up 47 points — or 0.68% — to 7,093.6 points.
 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Tuesday, May 25:

Swipe or scroll to reveal the full table. Click headings to sort.

CODE COMPANY PRICE % CHANGE VOLUME MARKET CAP
VAR Variscan Mines 0.091 146 68324091 $ 7,880,334.89
DVN Devine 0.235 96 3473378 $ 19,047,666.72
PCL Pancontinental Oil 0.002 33 1500000 $ 9,010,073.23
DM1 Desert Metals 0.58 32 1110276 $ 15,400,000.00
IVX Invion 0.013 30 32835636 $ 55,380,422.95
BAS Bass Oil 0.0025 25 1000000 $ 6,684,280.19
TSC Twenty Seven Co. 0.005 25 1873980 $ 10,642,758.24
ALT Analytica 0.003 20 1893000 $ 10,998,788.54
VIC Victory Mines 0.003 20 2500000 $ 13,920,631.93
LPE Locality Planning 0.19 19 73641 $ 10,061,557.76
MEG Megado 0.16 19 3592 $ 5,507,837.73
OAR OAR Resources 0.013 18 15737861 $ 17,815,054.84
SCT Scout Security 0.085 18 77526 $ 10,488,432.74
ART Airtasker 1.26 17 2372255 $ 424,471,242.24
CAV Carnavale Resources 0.007 17 1292322 $ 14,281,381.82
BMO Bastion Minerals 0.215 16 345592 $ 10,629,038.10
CTP Central Petroleum 0.12 14 3460074 $ 76,029,834.41
GTE Great Western Exp. 0.16 14 23334 $ 19,067,728.54
KTE K2 Energy 0.025 14 704077 $ 6,614,457.32
CVV Caravel Minerals 0.42 14 718608 $ 128,627,507.81
STG Straker Translations 2.03 13 130936 $ 97,802,739.00

Some big winners today as risk-on sentiment prevailed.

The share price of Variscan Mines (ASX:VAR) surged to its highest point in ~3 years after the exploration minnow discovered multiple high grade zinc-lead lenses at the historic ‘San Jose’ mine in Spain.

Property developer Devine (ASX:DVN) received an off-market takeover from engineering firm and majority shareholder CIMIC (ASX:CIM) valuing the company at 24c per share – a 100% premium to the last closing price.

Pharma stock Invion (ASX:IVX) says initial proof-of-concept results show the INV043 drug  “to be effective against multiple cancer types”.

First installations of electricity provider Locality Planning’s (ASX:LPE) newly developed ‘Shared Solar’ infrastructure are now live and operational.

Gig economy jobs platform Airtasker (ASX:ART) pared some of its recent losses after completing a $20.7m private placement at $1 a share – a slight ~7% discount to the last closing price.

And Central Petroleum (ASX:CTP) will sell 50% of its interests in the Amadeus Basin producing assets for ~$85 million to New Zealand Oil and Gas Limited (ASX:NZO) and Cue Energy Resources (ASX:CUE).

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Tuesday, May 25:

Swipe or scroll to reveal the full table. Click headings to sort.

CODE COMPANY PRICE % CHANGE VOLUME MARKET CAP
ECT Env Clean Tech . 0.001 -33 2006463 $ 17,376,937.43
ANL Amani Gold 0.0015 -25 9642976 $ 24,773,993.49
CLZ Classic Minerals 0.0015 -25 45479066 $ 39,693,264.37
MCM Mc Mining 0.1 -17 5333 $ 18,530,346.60
CCE Carnegie Cln Energy 0.0025 -17 2732270 $ 44,107,721.13
CBR Carbon Revolution 1.3 -16 1794807 $ 302,225,255.34
CMD Cassius Mining 0.016 -16 100000 $ 5,457,681.41
ACW Actinogen Medical 0.083 -14 18281992 $ 159,413,620.51
FFX Firefinch 0.395 -12 21948242 $ 352,860,423.30
VRX VRX Silica 0.22 -12 3862504 $ 126,984,848.25
TRN Torrens Mining 0.15 -12 52586 $ 11,540,354.29
DDD 3D Resources Limited 0.004 -11 13048931 $ 16,291,674.41
EVO Evolve Education Grp 0.93 -11 68452 $ 165,931,463.36
BEE Broo 0.017 -11 3516596 $ 17,969,306.34
FHS Freehill Mining . 0.035 -10 1208690 $ 64,408,247.12
LEL Lithiumen 0.44 -10 943549 $ 22,050,000.00
TMZ Thomson Res 0.135 -10 4723860 $ 69,071,626.50
LNY Laneway Res 0.0045 -10 138666 $ 18,875,329.67
M24 Mamba Exploration 0.24 -9 780301 $ 9,805,000.00
ANX Anax Metals 0.1 -9 2829602 $ 38,520,227.90