The ASX Emerging Companies Index continued its solid start to the week, in the wake of last week’s 2.4 per cent fall.

Those gains were tracked by the big end of town, as the ASX200 also climbed by more than 1 per cent into midday trade.

With US markets closed for Labor Day, local stocks instead took the lead from a strong session in Europe.

Gains on the continent were outpaced by a 2.3 per cent jump on London’s FTSE exchange, which took its cue from a falling UK pound amid rising fears that a post-Brexit trade deal could fall through.

In other markets, gold dipped lower while prices for brent crude oil fell to one-month lows after Saudi Arabia announced it would cut prices on oil exports to Asia.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Tuesday September 8:

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CODE NAME PRICE CHANGE MARKET CAP
VIC Victory Mines Ltd 0.0035 75.00% $12.8M
MRD Mount Ridley Mines Ltd 0.004 100.00% $5.4M
UUV UUV Aquabotix Ltd 0.0015 50.00% $1.8M
XST XState Resources Ltd 0.0015 50.00% $4.4M
TRL Tanga Resources Ltd 0.044 48.28% $6.0M
AAJ Aruma Resources Ltd 0.009 42.86% $10.3M
OIL Optiscan Imaging Ltd 0.125 40.45% $59.7M
CUL Cullen Resources Ltd 0.041 36.67% $12.3M
RNX Renegade Exploration Ltd 0.009 35.71% $6.4M
DTZ Dotz Nano Ltd 0.27 35.00% $84.4M
FPL Fremont Petroleum Corp Ltd 0.004 33.33% $10.5M
IVT Inventis Ltd 0.008 33.33% $7.5M
SMI Santana Minerals Ltd 0.004 33.33% $10.7M
SBW Shekel Brainweigh Ltd 0.22 30.30% $29.2M
HCD Hydrocarbon Dynamics Ltd 0.031 29.17% $10.7M
BRN BrainChip Holdings Ltd 0.7 25.89% $1.0B
ANL Amani Gold Ltd 0.0025 25.00% $15.7M
CLZ Classic Minerals Ltd 0.0025 25.00% $26.1M
DTR Dateline Resources Ltd 0.0025 25.00% $16.4M
VPR Volt Power Group Ltd 0.0025 25.00% $18.3M
OAU Ora Gold Ltd 0.03 23.81% $17.4M

 

Gold explorer Tanga Resources (ASX:TRL) caught the market’s attention, after acquiring three “highly prospective” exploration licences in the West African nation of Côte d’Ivoire (Ivory Coast).

TRL will pay around $150,000 for the licences, via its acquisition of Glomin Services Ltd.

“The acquisition positions Tanga with a high-quality portfolio of gold exploration projects in Côte d’Ivoire where we are excited to undertake systematic exploration to unlock the value in these properties,” executive director Chris van Wijk said.

Also rising strongly was Dotz Nano (ASX:DTZ), which has found strong demand for its product-tracing solution as a flurry of equipment manufacturers build out operations to meet demand for protective face masks.

The company came out of a trading halt to announce a new $US13m (~$18m) contract with a Canadian PPE manufacturer. DTZ shares are up more than 400 per cent since the start of May.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Tuesday September 8:

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CODE NAME PRICE CHANGE MARKET CAP
SBR Sabre Resources Ltd 0.014 -22.22% $17.5M
DHR Dark Horse Resources Ltd 0.004 -20.00% $16.2M
RDN Raiden Resources Ltd 0.013 -18.75% $5.6M
MLS Metals Australia Ltd 0.002 -16.67% $7.3M
MAR Malachite Resources Ltd 0.034 -15.00% $3.5M
NWE Norwest Energy NL 0.0025 -14.29% $16.6M
TGN Tungsten Mining NL 0.17 -13.16% $127.1M
BUY Bounty Oil & Gas NL 0.02 -13.04% $19.1M
PSL Paterson Resources Ltd 0.0035 -12.50% $15.4M
AUT Auteco Minerals Ltd 0.14 -12.12% $250.8M
FAU First Au Ltd 0.016 -11.11% $6.6M
MGT Magnetite Mines Ltd 0.018 -10.53% $40.7M
AO1 AssetOwl Ltd 0.009 -10.00% $4.4M
NCZ New Century Resources Ltd 0.14 -10.00% $132.1M
RAN Range International Ltd 0.01 -9.09% $4.0M
IVX Invion Ltd 0.01 -9.09% $55.0M
DRX Diatreme Resources Ltd 0.01 -9.09% $18.6M
CAD Caeneus Minerals Ltd 0.01 -9.09% $36.8M
MOQ MOQ Ltd 0.15 -9.09% $26.6M