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This is a tale of two post-COVID economic (and political) policy strategies.
On one side is the Australia government’s record breaking budget cash splash to fast track economic recovery.
On the other is Trump’s decision to call off stimulus talks until after the US election.
“I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major stimulus bill,” tweeted a potentially drugged up Donny.
After being up in morning trade, the three major Wall street indexes finished the day 1.3 to 1.6 per cent lower.
This could be a watershed moment for the recovering US economy, says Oxford Economics’ Gregory Daco.
Even if aid is eventually delivered in 2021, the economy would approach stall speed in Q4, putting the US in a “perilous situation” on the eve of flu and election season.
“It’s simple,” Daco says. “Less fiscal stimulus means more economic pain.”
And vice versa.
Here are the best performing ASX small cap stocks at 12pm Wednesday, October 7:
Swipe or scroll to reveal the full table. Click headings to sort.
CODE | NAME | PRICE | % CHANGE | MARKET CAP |
---|---|---|---|---|
PCL | Pancontinental Oil | 0.0015 | 50 | $ 5,406,715.49 |
JHL | Jayex Healthcare | 0.061 | 33 | $ 9,262,699.10 |
SIS | Simble Solutions | 0.037 | 32 | $ 5,650,827.06 |
ARR | American Rare Earths | 0.11 | 24 | $ 25,891,843.69 |
CV1 | Cv Check | 0.14 | 22 | $ 33,602,732.74 |
PEK | Peak Resources | 0.036 | 20 | $ 42,332,029.14 |
WHK | Whitehawk | 0.15 | 20 | $ 22,492,785.63 |
DCX | Discovex Resources | 0.006 | 20 | $ 5,980,820.38 |
MEB | Medibio | 0.012 | 20 | $ 13,476,625.69 |
XST | Xstate Resources | 0.003 | 20 | $ 3,623,102.25 |
XTC | Xantippe Resources | 0.003 | 20 | $ 10,186,411.01 |
KEY | KEY Petroleum | 0.0065 | 18 | $ 10,823,604.69 |
PLL | Piedmont Lithium | 0.565 | 18 | $ 554,553,698.88 |
GNM | Great Northern Minerals | 0.021 | 17 | $ 16,247,816.03 |
WBT | Weebit Nano | 0.875 | 17 | $ 78,832,889.25 |
ARO | Astro Resources | 0.007 | 17 | $ 8,777,471.47 |
MSR | Manas Resources | 0.007 | 17 | $ 15,858,974.93 |
HWK | Hawkstone Mining | 0.015 | 15 | $ 15,858,786.78 |
QEM | QEM | 0.11 | 15 | $ 3,816,606.91 |
ARE | Argonaut Resources | 0.008 | 14 | $ 17,208,282.54 |
Energy ‘Saas’ firm Simble (ASX:SIS) completed a $1m oversubscribed placement to accelerate growth and expansion plans in Australia and the UK.
Online verification company CV Check (ASX:CV1) recorded a 40 per cent jump in quarter-on-quarter sales “despite pandemic related shutdowns in New Zealand and Victoria”.
Mental health medtech Medibio (ASX:MEB) inked a Clinical Trial Agreement with leading US sleep disorder group MedBridge to support Medibio’s ‘Sleep Analysis of Depressive Burden’ (SADB) trial.
Great Northern Minerals (ASX:GNM) uncovered a “significant”, +900m long gold system at the ‘Big Rush’ project in Queensland.
And Hawkstone Mining (ASX:HWK) aquired a new US gold project called ‘Devil’s Canyon’ – located within the 195 million oz Carlin Trend — where early stage sampling has returned grades up to 92.2 grams per tonne (g/t).
Here are the worst performing ASX small cap stocks at 12pm Wednesday, October 7:
Swipe or scroll to reveal the full table. Click headings to sort.
CODE | NAME | PRICE | % CHANGE | MARKET CAP |
---|---|---|---|---|
PRX | Prodigy Gold | 0.051 | -20 | $ 37,160,166.78 |
LVE | Love Group Global | 0.05 | -19 | $ 2,513,118.48 |
NTL | New Talisman Gold | 0.005 | -17 | $ 16,753,352.18 |
BAT | Battery Minerals | 0.011 | -15 | $ 17,135,190.14 |
FPL | Fremont Petroleum | 0.003 | -14 | $ 13,738,127.16 |
CPH | Creso Pharma | 0.033 | -13 | $ 15,659,584.81 |
WNB | Wellness and Beauty | 0.007 | -13 | $ 10,785,442.30 |
EMT | Emetals | 0.022 | -12 | $ 10,005,000.00 |
IOU | Ioupay | 0.12 | -11 | $ 49,756,468.59 |
CZL | Consolidated Zinc | 0.004 | -11 | $ 11,210,602.25 |
TMR | Tempus Resources | 0.205 | -11 | $ 18,287,884.66 |
SAU | Southern Gold | 0.125 | -11 | $ 22,399,549.20 |
CFO | Cfoam | 0.025 | -11 | $ 5,380,872.73 |
HXG | Hexagon Energy | 0.053 | -10 | $ 17,253,570.42 |
CGB | Cann Global | 0.0045 | -10 | $ 17,832,910.67 |
RHY | Rhythm Biosciences | 0.235 | -10 | $ 52,388,910.86 |
WOA | Wide Open Agriculture | 0.97 | -9 | $ 83,229,785.22 |
DAV | Davenport Resources | 0.041 | -9 | $ 8,867,364.71 |