• ResApp leads the market with successful COVID-19 screening results
  • Mining and Energy stocks drive strong gains on the ASX

Bullish momentum continued in local markets on Tuesday, with the ASX microcap Emerging Companies index on track to post its fifth straight winning session into midday trade.

Ahead of the markets wrap, a quick detour to the Ecuadorian jungle, where scientists stumbled across what they thought was another mute toad.

As it turned out, this one talks (or sings to be precise).

For about 100 years, the Rhinella festae toad was believed to be a mute version of the species owing to its distinct lack of a vocal sack.

However, the unique toad in question had still found a way to produce sound by moving its chin.

From the jungle to Sydney’s Bridge St (home of the ASX), there were similar gains at the big end of town this morning where the ASX 200 climbed by more than 1%.

Following yesterday’s tech-led rally, the local index’s core sectors — mining, energy and financials — took the lead today.

Iron ore majors rose strongly alongside gold stocks, while the big banks also outperformed.

That offset falls in big tech bellwether (and Afterpay parent) Block Inc (ASX:SQ2), which eased back today following a barnstorming ~60% from its February recent lows at the start of Russia’s invasion of Ukraine.
 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for March 22 [intraday]:

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Code Company Price % Market Cap
RAP Resapp Health Ltd 0.093 50.0% $53,270,219
WMG Western Mines 0.25 28.2% $7,143,338
CCE Carnegie Cln Energy 0.0025 25.0% $30,205,147
AL8 Alderan Resource Ltd 0.022 22.2% $7,660,189
RGL Riversgold 0.044 22.2% $16,727,275
WSR Westar Resources 0.11 19.6% $3,770,396
ROG Red Sky Energy. 0.007 16.7% $31,813,363
TIG Tigers Realm Coal 0.014 16.7% $156,800,428
AGH Althea Group 0.215 16.2% $58,372,661
NOX Noxopharm Limited 0.37 15.6% $93,516,144
NFL Norfolkmetalslimited 0.23 15.0% $5,655,399
FIN FIN Resources Ltd 0.031 14.8% $15,022,930
ICG Inca Minerals Ltd 0.12 14.3% $50,527,223
YOJ Yojee Limited 0.12 14.3% $118,531,511
AGE Alligator Energy 0.09 13.9% $254,211,369
BSA BSA Limited 0.125 13.6% $47,985,902
KNO Knosys Limited 0.11 13.4% $20,965,454
FRB Firebird Metals 0.345 13.1% $16,008,781
STA Strandline Res Ltd 0.39 13.0% $387,745,328
MMC Mitremining 0.18 12.5% $4,333,616
WEL Winchester Energy 0.0225 12.5% $20,204,396
CUS Coppersearchlimited 0.315 12.5% $14,283,403
CYQ Cycliq Group Ltd 0.018 12.5% $5,560,267
MEB Medibio Limited 0.0045 12.5% $9,587,960
TPD Talon Energy Ltd 0.009 12.5% $56,190,316
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Digital health company ResApp (ASX:RAP) led the market in morning trade with a gain of more than 50%, after coming out of a trading halt to announce that it achieved a 92% sensitivity for its smartphone-based COVID-19 detection that uses a new cough audio-based algorithm.

Read more on that update here.

Another medical company, cancer research company Noxopharm (ASX:NOX) also rose strongly after announcing that the US FDA had granted an Orphan Drug Designation to its Veyonda drug for use in treatment of soft tissue sarcoma (a type of cancer).

In small cap resources, RiversGold (ASX:RGL) was the best performer after a field visit confirmed confirmed multiple lithium-bearing pegmatite dykes within the company’s Tambourah project in WA.
 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for March 22 [intraday]:

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Code Company Price % Market Cap
ANL Amani Gold Ltd 0.0015 -25.0% $45,866,882
BAS Bass Oil Ltd 0.002 -20.0% $11,531,704
PYR Payright Limited 0.115 -17.9% $9,783,324
DCX Discovex Res Ltd 0.0075 -16.7% $23,117,977
SMX Security Matters 0.2 -16.7% $39,727,743
AFW Applyflow Limited 0.0025 -16.7% $8,872,824
BXN Bioxyne Ltd 0.017 -15.0% $12,802,908
GBR Greatbould Resources 0.145 -12.1% $58,943,908
AHI Adv Human Imag Ltd 0.33 -12.0% $62,531,018
PTR Petratherm Ltd 0.04 -11.1% $8,951,301
PG1 Pearl Global Ltd 0.016 -11.1% $15,340,452
RNX Renegade Exploration 0.008 -11.1% $7,916,640
BEX Bikeexchange Ltd 0.063 -10.0% $11,928,793
MRD Mount Ridley Mines 0.009 -10.0% $57,755,908
NCR Nucoal Resources Ltd 0.009 -10.0% $7,686,124
PCL Pancontinental Energ 0.0045 -10.0% $35,771,114
GL1 Globallith 2.23 -9.7% $336,217,818
PHO Phosco Ltd 0.14 -9.7% $37,408,699
ARO Astro Resources NL 0.005 -9.1% $25,878,827
FHS Freehill Mining Ltd. 0.02 -9.1% $38,694,906
FNT Frontier Resources 0.03 -9.1% $27,225,066
TYM Tymlez Group 0.0475 -8.7% $51,316,279
SPA Spacetalk Ltd 0.11 -8.3% $25,929,690
LNU Linius Tech Limited 0.011 -8.3% $20,924,672
ATV Activeportgroupltd 0.115 -8.0% $12,146,566
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