Local stocks got off to a sluggish start this morning, after what was a relatively stable session on global markets to start the week.

Early momentum in Asian trade was thwarted by evidence of a further breakdown in the US-China relationship.

It followed comments from Trump administration trade advisor Peter Navarro, who told reporters the prospect of a trade deal was “over”.

Navarro also reiterated the US was disappointed with China’s tardiness in notifying other countries of the outbreak.

Not long after that though, he fronted the media again; this time to clarify that his comments about a trade deal were taken “wildly out of context”.

In fact, the deal is still in place, although the US government now has a “lack of trust” in China’s ruling Communist Party.

It appeared that clarification was enough for a market rebound, and shortly after midday EST both the ASX200 and the Small Ords Index had clawed back into positive territory.

The Australian dollar also got a boost, pushing back above 69 US cents.



Here are the best performing ASX small cap stocks at 12pm Tuesday June 23:

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

FGO Flamingo AI 0.002 50.00% $1.1M
PDZ Prairie Downs Metals 0.195 50.00% $27.6M
KZR Kalamazoo Resources 0.7 44.33% $87.4M
SOR Strategic Elements Ltd 0.075 36.36% $21.2M
GID GI Dynamics 0.004 33.33% $3.7M
DTS Dragontail Systems 0.16 28.00% $39.8M
DW8 Digital Wine Ventures 0.02 25.00% $23.2M
OKR Okapi Resources 0.15 25.00% $4.3M
WBE Whitebark Energy 0.005 25.00% $12.2M
RXL Rox Resources Ltd 0.078 25.81% $123.3M
LPI Lithium Power 0.245 22.50% $59.2M
VRC Volt Resources 0.023 21.05% $43.7M
BRK Brookside Energy 0.006 20.00% $6.0M
ESE Esense-Lab 0.024 20.00% $4.3M
SIH Sihayo Gold 0.03 20.00% $68.7M
SHE Stonehorse Energy 0.006 20.00% $2.4M
HWK Hawkstone Mining 0.013 18.18% $13.8M
VMC Venus Metals Corporation Ltd 0.33 17.86% $48.4M
ICU Isentric Ltd 0.027 17.39% $5.5M
IPT Impact Minerals Ltd 0.014 16.67% $21.8M
WordPress Tables Plugin
WA-based explorer Kalamazoo Resources (ASX:KZR) was a big mover in morning trade, after announcing it has acquired the Ashburton gold project (on the southern edge of the Pilbara Craton) from Northern Star Resources (ASX:NST).

Around 350,000oz of gold have been produced so far at Ashburton, and the project has a resource estimate of more than 20 million tonnes at 2.5 grams per tonne.

And shares in Strategic Elements (SOR) — which operates as a pooled development fund with a mandate to back innovative projects — also ticked sharply higher after the company announced its subsidiary, Stealth Technologies, had filed a number of patents with regard to the development of its autonomous robotics platform.



Here are the worst performing ASX small cap stocks at 12pm Tuesday June 23:

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

MGT Magnetite Mines 0.002 -33.33% $4.5M
GLA Gladiator Resources 0.001 -33.33% $3.0M
PNN Pepinnini Minerals Ltd 0.001 -33.33% $1.6M
AVW Avira Energy 0.003 -25.00% $3.4M
CP1 CannPal Animal 0.11 -24.14% $10.2M
DAV Davenport Resources 0.039 -22.00% $6.7M
IP1 Integrated Payment Technologies 0.02 -16.67% $6.2M
FTT Factor Therapeutics 0.0025 -16.67% $2.1M
CYM Cyprium Metals 0.13 -13.33% $7.3M
WHK WhiteHawk 0.087 -13.00% $13.8M
CWZ Cashwerkz 0.15 -11.76% $27.8M
ICE Icetana 0.115 -11.54% $17.8M
CXX Cradle Resources Ltd 0.04 -11.11% $7.6M
DCX Discovex Resources 0.008 -11.11% $7.7M
CDT Castle Minerals Ltd 0.008 -11.11% $2.2M
TNR Torian Resources Ltd 0.025 -10.71% $10.0M
IMC Immuron Ltd 0.295 -10.61% $52.6M
KRR King River Copper 0.034 -10.53% $47.5M
ADS Adslot 0.017 -10.53% $31.4M
WordPress Tables Plugin