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.

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

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:

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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

The FDA has temporarily knocked back approval for Mayne Pharma’s (ASX:MYX) generic contraceptive.