Local stocks got off to a strong start this morning as sentiment globally continues to edge higher.

But while record COVID-19 stimulus measures continue to help keep a floor under stocks, all eyes are on the world’s precious metals after more big gains for gold and silver overnight.

Gold held its gains above $US1,970 an ounce ($2,750/oz) in morning Asian trade, with futures markets eclipsing the $US2,000oz mark shortly before midday AEST.

Spot silver prices also continued their recent tear, climbing above $US25 — the highest level since 2013.

And rounding out the big moves on the scarce-asset front, Bitcoin broke out of its recent slumber to rip above $US15,000.

Elsewhere, the US dollar’s recent slide has seen the Aussie dollar remain well-supported above US71c, while the focus will turn to US Congress this week where Republican and Democrat lawmakers are locked in a standoff about the size of follow-up stimulus measures.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Tuesday July 28:

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CODE COMPANY PRICE CHANGE MARKET CAP
CHZ Chesser Resources 0.28 166.67% $101.7M
PSL Paterson Resources 0.003 50.00% $11.6M
SMI Santana Minerals Ltd 0.003 50.00% $8.1M
PNN Pepinnini Minerals Ltd 0.002 100.00% $1.6M
WHK WhiteHawk 0.13 38.30% $24.1M
OAR Oakdale Resources Ltd 0.004 33.33% $5.6M
NCL Netccentric Ltd 0.039 30.00% $10.2M
KTE K2 Energy Ltd 0.029 26.09% $6.9M
RFN Reffind Ltd 0.003 25.00% $2.5M
CLZ Classic Minerals Ltd 0.003 50.00% $19.8M
LIT Lithium Australia NL 0.01 25.00% $35.7M
OKR Okapi Resources 0.21 23.53% $6.1M
CDT Castle Minerals Ltd 0.016 23.08% $7.8M
PUR Pursuit Minerals 0.016 23.08% $6.6M
FAR FAR 0.013 22.73% $129.7M
SRZ Stellar Resources Ltd 0.011 22.22% $4.9M
RMI Resource Mining Corporation 0.011 22.22% $3.3M
GTE Great Western Exploration 0.19 35.71% $18.9M
IDZ Indoor Skydive AUS Group 0.006 20.00% $2.2M
CAD Caeneus Minerals 0.006 20.00% $21.0M
AX8 Accelerate Resources 0.067 19.64% $6.7M
MKG Mako Gold 0.155 19.23% $25.0M
ENT Enterprise Metals Ltd 0.026 18.18% $12.4M
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Another gold explorer topped the list, as Chesser Resources (ASX:CHZ) surged by more than 100 per cent after a drilling program revealed “multiple spectacular high-grade gold hits” at its Diamba Sud gold project in Senegal, West Africa.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Tuesday July 28:

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CODE COMPANY PRICE CHANGE MARKET CAP
GLA Gladiator Resources 0.001 -33.33% $2.0M
VPR Enerji 0.001 -33.33% $18.3M
QFY Quantify Tech 0.001 -33.33% $2.0M
LCT Living Cell Technologies 0.012 -20.00% $6.9M
MLS Metals Australia 0.002 -20.00% $6.4M
IPT Impact Minerals Ltd 0.022 -18.52% $34.3M
YOW Yowie Group Ltd 0.025 -16.67% $5.5M
LI3 Lithium Consolidated Mineral 0.02 -16.67% $3.1M
DTZ Dotz Nano 0.135 -15.63% $42.5M
APH Australian Primary Hemp 0.11 -15.38% $7.7M
RIM Rimfire Pacific Mining NL 0.006 -14.29% $9.5M
PCK PainChek 0.12 -14.29% $126.3M
SER Strategic Energy Resources 0.006 -14.29% $7.2M
APV AppsVillage Australia 0.12 -14.29% $9.2M
SCT Scout Security 0.081 -13.83% $9.7M
MNS Magnis Resources Ltd 0.225 -13.46% $143.1M
ADD Adavale Resources Ltd 0.013 -13.33% $2.2M
CGO CPT Global Ltd 0.1 -13.04% $3.8M
OSP Osprey Medical Inc 0.049 -12.50% $70.4M
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