While uncertainty lingers about the economy, the post-COVID rally on global sharemarkets is still in full swing.

The ASX200 has followed Wall Street higher this morning, led by big gains in the major banks. The ASX Financials index bounced back from three straight falls to climb by almost 3 per cent in morning trade.

The Small Ords also edged higher, while the cohort of buy now, pay later (BNPL) stocks saw another surge in demand across the board.

There were no major changes across other asset classes, with gold prices hovering at around $US1,930 ($2,689) an ounce amid broader risk-on sentiment.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Tuesday August 25:

CODE COMPANY PRICE CHANGE MARKET CAP
PPY Papyrus Australia Ltd 0.022 120.00% $7.0M
RTG RTG Mining Inc 0.21 75.00% $79.1M
MTB Mount Burgess Mining NL 0.015 66.67% $5.4M
SHK Stone Resources Australia 0.046 64.29% $23.4M
CZN Corazon Mining Ltd 0.003 50.00% $6.5M
CCE Carnegie Clean 0.0015 50.00% $11.1M
PCL Pancontinental Oil&Gas 0.0015 50.00% $5.4M
UUV UUV Aquabotix 0.0015 50.00% $1.8M
XTC Xantippe Resources 0.004 50.00% $8.2M
CFE Cape Lambert Resources 0.004 33.33% $5.2M
AS1 Angel Seafood 0.24 33.33% $23.8M
MNB Minbos Resources Ltd 0.002 33.33% $5.7M
VTI Visioneering Tech 0.028 33.33% $20.4M
WCN White Cliff Minerals 0.014 27.27% $5.4M
GAP Gale Pacific Ltd 0.215 26.47% $46.8M
OVT Ovato 0.015 25.00% $8.8M
NXE New Energy Minerals 0.021 23.53% $2.9M
DDD 3D Resources Ltd 0.006 20.00% $16.6M
CAD Caeneus Minerals 0.006 20.00% $17.7M
SEI Speciality Metals 0.03 20.00% $27.8M
NZM NZME 0.325 18.18% $54.1M
FUN Funtastic 0.059 18.00% $12.0M

 

RTG Mining Inc (ASX:RTG), which is dual-listed on the Toronto Stock Exchange, rose strongly after getting some good news on the legal front.

The company said the Singapore International Arbitration Centre (SIAC) had handed down its Final Award with regard to a dispute over a joint venture partnership with Galeo Equipment Corporation that turned sour.

The SIAC ruled that RTG subsidiary — the Mt Labo Exploration and Development Corporation — had terminated the joint venture legally, and that Galeo had breached its fiduciary duties with respect to the JV.

Mt Labo will now take full ownership of the JV, and Galeo has been ordered to pay damages (including legal costs) of $US18.6m.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Tuesday August 25:

CODE COMPANY PRICE CHANGE MARKET CAP
CCE Carnegie Clean 0.001 -33.33% $11.1M
AUH Austchina Holdings 0.003 -25.00% $4.9M
TYM Tymlez Group 0.11 -21.43% $37.4M
MLS Metals Australia 0.002 -20.00% $6.4M
MRL Mayur Resources 0.41 -18.81% $90.5M
KEY Key Petroleum Ltd 0.005 -16.67% $11.8M
CLZ Classic Minerals Ltd 0.003 -16.67% $39.1M
IMS Impelus 0.006 -14.29% $5.6M
NEW Norwest Energy NL 0.003 -14.29% $14.2M
RIM Rimfire Pacific Mining NL 0.006 -14.29% $11.1M
BDG Black Dragon Gold 0.092 -12.38% $11.8M
GRV Greenvale Energy 0.043 -12.24% $13.3M
CRO Cirralto 0.024 -11.11% $37.6M
ZNC Zenith Minerals Ltd 0.098 -10.91% $28.9M
LMG Latrobe Magnesium Ltd 0.025 -10.71% $32.4M
BOC Bougainville Copper 0.255 -10.53% $102.3M
TKM Trek Metals 0.043 -10.42% $8.6M
ICE Icetana 0.13 -10.34% $19.9M
ISD Isentia Group Ltd 0.22 -10.20% $49.0M