ASX Small Cap Lunch Wrap: Who’s bouncing back today?

US President Donald Trump. Pic: Getty

On Monday, the ASX had its best day in four months.

The ASX200’s 2.6 per cent surge reversed last week’s 2.9 per cent tumble – which was the Aussie market’s worst since mid-April.

That’s volatility for you.

The spark was a favourable Federal Budget, due to be handed down tonight, and an ostensibly healthy(er) looking President Trump, who left hospital just three days after being admitted with worsening COVID-19 symptoms.

pic.twitter.com/jNxNQSqNZ4

— markmaycott (@markmaycot) October 5, 2020

Trump’s doctors are treating him with a cocktail of drugs, including the steroid dexamethasone. Looks like powerful stuff.

Dexamethasone is a hell of a drug. pic.twitter.com/iXgXaGGegy

— Ken Jeong (@kenjeong) October 5, 2020

The Aussie market is off to a quiet start on Tuesday, with the ASX200 index only marginally weaker at lunchtime EST.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Tuesday, October 6:

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

CODE	COMPANY	PRICE	% CHANGE	MARKET CAP
DOU	Douugh	0.06	94	$ 9,422,679.77
ARR	American Rare Earths	0.093	48	$ 18,327,934.30
GLA	Gladiator Resources	0.004	33	$ 6,983,502.51
PLL	Piedmont Lithium	0.47	28	$ 427,468,476.22
TI1	Tombador Iron	0.0265	26	$ 15,857,429.69
MLS	Metals Australia	0.0025	25	$ 7,296,705.55
MNB	Minbos Resources	0.0025	25	$ 13,005,122.64
EMT	Emetals	0.027	23	$ 8,804,400.00
IVX	Invion	0.011	22	$ 49,532,390.15
ASN	Anson Resources	0.029	21	$ 18,802,825.66
DTS	Dragontail Systems	0.12	20	$ 28,598,846.20
MTO	Motorcycle Hldg	2.3	15	$ 123,413,420.00
ADX	ADX Energy	0.006	20	$ 8,573,607.93
TMK	Tamaska Oil & Gas	0.006	20	$ 4,450,000.00
TGO	Trimantium Growthops	0.062	17	$ 8,053,074.29
TRY	Troy Resources	0.105	17	$ 56,885,739.12
CE1	Calima Energy	0.007	17	$ 13,025,845.36
BOC	Bougainville Copper	0.29	16	$ 100,265,625.00
ADS	Adslot	0.029	16	$ 46,100,156.73
DCN	Dacian Gold	0.38	16	$ 183,647,822.82

The ASX’s first neobank Douugh (ASX:DOU) has begun trading on the ASX, gaining over 90 per cent by lunchtime. The company listed via a reverse takeover of Ziptel (ASX:ZIP).

An announcement reiterating that rare-earths friendly US Presidential order from last Wednesday was enough to send American Rare Earths (ASX:ARR) on another run in early trade.

Tombador Iron (ASX:TI1) is reskinned property stock RESA Group (formerly iBuyNew Group).

It’s main game now is an advanced high-grade hematite iron ore project in Brazil, which it reckons could be in production within 12 months.

And Motorcycle Holdings (ASX:MTO) expects “better than expected” earnings above $20m for the first half of the current financial year.

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Tuesday, October 6:

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

CODE	COMPANY	PRICE	% CHANGE	MARKET CAP
APG	Austpac Resources	0.001	-50	$ 5,668,004.33
CLZ	Classic Minerals	0.0015	-25	$ 26,084,103.96
MSI	Multistack International	0.012	-25	$ 1,796,862.78
VPR	Volt Power Group	0.002	-20	$ 22,923,833.90
WBE	Whitebark Energy	0.0025	-17	$ 12,189,376.65
MYX	Mayne Pharma	0.32	-16	$ 638,045,889.78
ARO	Astro Resources	0.006	-14	$ 10,240,383.38
RNX	Renegade Exploration	0.006	-14	$ 4,988,386.47
RNE	Renu Energy	0.0025	-14	$ 3,498,395.89
KTA	Krakatoa Resources	0.0078	-13	$ 22,585,500.00
WFL	Wellfully	0.2	-13	$ 33,692,040.59
CHK	Cohiba Minerals	0.014	-13	$ 16,562,356.18
KOR	Korab Resources	0.014	-13	$ 5,319,887.70
NGY	Nuenergy Gas	0.014	-13	$ 23,695,287.95
ENE	Enevis	0.105	-13	$ 11,990,004.48
TZL	TZ Limited	0.05	-12	$ 5,228,359.49
QXR	Qx Resources	0.015	-12	$ 7,524,240.34
OCA	Oceania Healthcare	1.09	-11	$ 764,134,104.60
CWL	Consolidated Financial Holdings	0.017	-11	$ 2,409,728.16