16 years to the day after Hurricane Katrina flooded New Orleans, a new storm by the name of Ida is lashing the city and the whole US state of Louisiana, with wind gusts of up to 240 km/h.

Residents have evacuated en masse while some gutsy reporters are staying on-site:

Health authorities have also expressed concern about Ida casualties, given COVID-19 hospitalisations in the state are tracking at post-pandemic highs near 3,000.

On domestic shores, NSW has recorded a new daily high of COVID-19 infections, with premier Gladys Berejiklian flagging October as the worst month for hospitalisations and general pressure on the state’s health system.

While Australia’s big banks fell in morning trade, the broader market followed a strong US lead after Wall Street responded positively to the latest (highly-anticipated) policy outlook from Fed Chair Jerome Powell.

Mining stocks are on the move after iron ore prices continued to bounce off their recent lows on Friday night, while the microcap Emerging Companies index is easily outperforming the ASX 200 with a gain of almost 2% into midday trade.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for August 30 [intraday]:

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Code Name Price % Change Market Cap
BIR BIR Financial Ltd 0.047 80.8% $2,112,510
HRN Horizon Gold Ltd 0.4 53.8% $27,739,924
CLZ Classic Min Ltd 0.0015 50.0% $22,369,104
MRD Mount Ridley Mines 0.004 33.3% $15,045,371
OPL Opyl Limited 0.18 33.3% $7,342,027
DOR Doriemus PLC 0.24 26.3% $13,770,992
MRZ Mont Royal Resources 0.35 25.0% $10,605,480
1VG Victory Goldfields 0.33 17.9% $8,783,019
NNG Nexion Group 0.245 16.7% $13,373,536
BEE Broo Ltd 0.014 16.7% $11,349,036
TNR Torian Resources Ltd 0.028 16.7% $20,865,292
NVX Novonix Limited 4.73 15.1% $1,662,911,688
DTI DTI Group Ltd 0.023 15.0% $6,699,531
OEC Orbital Corp Limited 0.755 14.4% $51,413,358
DDD 3D Resources Limited 0.004 14.3% $13,581,302
OEX Oilex Ltd 0.004 14.3% $19,909,506
HT8 Harris Technology Gl 0.12 14.3% $31,268,526
EAX Energy Action Ltd 0.33 13.8% $7,826,694
MM8 Medallion Metals. 0.25 13.6% $17,813,419
M3M M3Mininglimited 0.21 13.5% $5,173,179
AGE Alligator Energy 0.036 12.5% $89,074,357
KNI Kunikolimited 2.29 12.0% $84,603,011
AVA AVA Risk Group Ltd 0.505 12.0% $108,934,448

Among the small caps with big gains today was financial services stock BIR Financial (ASX:BIR), which has a 100% stake in corporate advisory firm Pulse Markets.

Shares in the company surged by more than 80% at the opening bell on no news, before it was quickly issued a speeding ticket by the ASX.

In response, BIR said it wasn’t aware of any information that would warrant such a sharp uplift in both trading volumes and the company’s share price.

Also rising strongly was Horizon Gold (ASX:HRN), which jumped sharply after announcing drilling results at the Howards prospect of its Gum Creek gold project.

“With broad, shallow zones of potentially open pittable gold mineralisation defined and still open in all directions, the Howards Prospect has the potential to be the core of a future Gum Creek mining hub,” managing director Leigh Ryan said.

And among the stocks with news, shares in medtech company Opyl (ASX:OPL) ripped higher after the company released its financial results this morning.

The company booked annual revenues of $1.24m, largely driven by its social media listening tools to “capture data and deliver unique market insights”, OPL said.

It also flagged development plans for its Opin.ai clinical trial recruitment platform, which is aimed at increasing the speed with which biotech companies meet their patient recruitment deadlines.

ASX SMALL CAP LOSERS

Here are the best performing ASX small cap stocks for August 30 [intraday]:

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

Code Name Price % Change Market Cap
CLZ Classic Min Ltd 0.0015 -25% $44,738,209
MLS Metals Australia 0.0015 -25% $8,454,376
YPB YPB Group Ltd 0.0015 -25% $9,983,641
ARO Astro Resources NL 0.004 -20% $18,820,965
T3D 333D Limited 0.002 -20% $5,232,666
VPR Volt Power Group 0.002 -20% $23,361,334
APX Appen Limited 11.32 -18% $1,700,895,339
SEG Sports Ent Grp Ltd 0.21 -16% $57,775,264
WFL Wellfully Limited 0.105 -16% $26,227,558
SIX Sprintex Ltd 0.06 -14% $14,977,993
DDD 3D Resources Limited 0.0035 -13% $15,521,488
MRD Mount Ridley Mines 0.0035 -13% $20,060,494
BIR BIR Financial Ltd 0.021 -13% $1,950,009
LVT Livetiles Limited 0.15 -12% $155,072,199
ZNO Zoono Group Ltd 0.58 -11% $108,148,823
SBW Shekel Brainweigh 0.12 -11% $20,678,625
CYQ Cycliq Group Ltd 0.025 -11% $9,730,466
RNO Rhinomed Ltd 0.31 -10% $87,564,151
A2B A2B Australia Ltd 1.18 -10% $157,764,195
LNK Link Admin Hldg 4.66 -10% $2,761,564,786
EQE Equus Mining Ltd 0.01 -9% $27,517,500
AZS Azure Minerals 0.325 -8% $109,778,681