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ASX Small Cap Lunch Wrap: Who’s feeling golden today?
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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:
Swipe or scroll to reveal the full table. Click headings to sort.
| 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 |
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:
Swipe or scroll to reveal the full table. Click headings to sort.
| 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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