Podcaster extraordinaire and coronavirus lockdown skeptic Joe Rogan caught COVID-19 last week.

He told his 13.1m Instagram followers that he’s now recovered, and he gave credit to a cocktail of drugs including the controversial Ivermectin for his recovery.

Ivermectin is commonly used by vets as a deworming treatment for animals. It’s been flagged by some experts as a snake oil cure, and hasn’t been approved for use as a COVID-19 treatment by the FDA.

“I really only had one bad day. Today I feel good … a wonderful, heartfelt thank you to modern medicine for pulling me out of this so quickly and easily,” Rogan said…

To the markets…

The ASX 200 is going into the midday session 0.5% higher, with miners and energy plays leading the way.

Both sectors were up by more than 1% at the half way mark.

Iron ore stocks such as Orocobre (ASX:ORE) was up 4%, while Rio Tinto (ASX:RIO) was up 2.31%.

Overnight, oil prices rose by around 2%, while the spot iron ore price dropped by another 3%, after plunging 6% on Wednesday.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for Friday September 3 [intraday]:

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MGC Pharma (ASX:MXC) rose by 15% after announcing that it has been granted government approval to import its phytomedicine CimetrA into India. This is the final step towards completing its application for Emergency Use Authorisation to treat patients with COVID‐19.

Fintech company Propell Holdings (ASX:PHL) rose by 15% after announcing it has continued its positive momentum across a number of key metrics during the month ended 31 August.

Propell reported strong growth in customers on its platform, up 26.6% vs July and approaching 1,000 customers. This represents total growth of greater than 275% since listing on ASX in April.

Property developer Ultima United (ASX:UUL) rose by 16% after coming out of a trading halt. The company says it will use $6.35m out of its recent capital raise to acquire plots in Hokkaido Development and TELLUS Villas.

Wealth management firm Clearview (ASX:CVW) rose by 13% after announcing it had begun a strategic review process to “maximise ClearView shareholder value” as well as determine the optimal future direction of the company.

 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for Friday September 3 [intraday]:

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Automotive care company AMA Group (ASX:AMA) lost almost 7% and put itself in a trading halt, after the company released a statement responding to an article on the AFR about its capital position.

In the release, the company says that it’s currently undertaking a capital structure review in order to manage the short-term disruptions associated with COVID-19.

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