Local stocks have made a cautious start to the week, with the ASX 200 edging higher while the microcap Emerging Companies index traded flat into midday trade.

To kick off, an EV story out of Canada that we all saw coming — someone making the most of a general-use electricity outlet to charge their car.

Enterprising EV driver Brett Favaro initially copped an $80 fine for his trouble, before the carpark company rescinded it to a warning on the grounds of a ‘one-time courtesy’.

Favaro would have used one of the other 40 (actual) EV charging stations at the site, except they were all in use or out of order.

So his decision to use an open wall socket (primarily used for site maintenance) was one borne out of necessity.

Most EVs have the capacity to slow-charge from a standard wall socket to add an extra few kilometres to their battery (although the process takes a lot longer).

Back on Monday markets, the ASX resources sector is up by more than 1% as investors continue to position for a commodities boom as the world adapts to a complex combination of military conflict (with resources-rich nations), rising inflation and higher bond yields.

Reflecting that price action, ASX technology stocks (which have posted outsized gains amid more positive risk sentiment over the past fortnight) were a notable laggard in morning trade.

Gold and oil are slightly lower, although still trading near recent highs above US$1,950/oz and US$110/barrel respectively.

In a recent research note, Macquarie said that looking ahead, Australian resources will continue to be in demand.

“As countries look for sources of supply in stable democratic countries, Australia stands out,” Macquarie said.

“This is likely why the AUD has risen 5% in the last month, and based on where commodity prices are today, the AUD could already be worth ~95c,” the bank said.

The AUD was higher against most major currency pairs on Monday, holding just above US75c into midday trade.


Here are the best performing ASX small cap stocks for March 28 [intraday]:

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Code Company Price % Market Cap
TEM Tempest Minerals 0.073 217.4% $9,151,721
EVE EVE Health Group Ltd 0.002 100.0% $4,309,809
DAF Discovery Alaska Ltd 0.035 34.6% $5,804,102
FEG Far East Gold 0.265 32.5% $24,407,442
CXM Centrex Limited 0.155 29.2% $50,227,770
KLL Kalium Lakes Ltd 0.095 25.0% $89,810,128
ANL Amani Gold Ltd 0.0025 25.0% $45,866,882
BAS Bass Oil Ltd 0.0025 25.0% $9,225,363
PEC Perpetual Res Ltd 0.067 21.8% $27,068,285
OXX Octanex Ltd 0.023 21.1% $4,920,576
ROO Roots Sustainable 0.006 20.0% $3,748,163
VPR Volt Power Group 0.003 20.0% $23,361,334
RCR Rincon 0.185 19.4% $6,553,175
RIE Riedel Resources Ltd 0.013 18.2% $11,414,778
RWD Reward Minerals Ltd 0.14 16.7% $23,424,323
AYM Australia United Min 0.007 16.7% $11,055,465
N1H N1 Holdings Ltd 0.25 16.3% $17,534,448
WEL Winchester Energy 0.022 15.8% $19,194,176
ZLD Zelira Therapeutics 0.022 15.8% $31,826,937
CVV Caravel Minerals Ltd 0.275 14.6% $93,564,004
AHN Athena Resources 0.008 14.3% $5,690,773
DCX Discovex Res Ltd 0.008 14.3% $17,980,649
XRG Xreality Group Ltd 0.065 14.0% $19,201,622
OSL Oncosil Medical 0.041 13.9% $28,524,359
AGR Aguia Res Ltd 0.068 13.3% $23,693,825
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Shareholders in Tempest Minerals (ASX:TEM) were cheering this morning, after the company came out of a trading halt and flagged an exciting new copper discovery in WA’s Yalgoo region.

Tempest said its first drill-hole at the site had intersected “significant visible copper sulphide mineralisation with assays pending”.

Commenting on the results, Tempest said they were “directly comparable to the nearby world-class Golden Grove poly-metallic mine”.

Shares in the company more than tripled at the opening bell — the biggest discovery-based surge seen on the ASX in some time.

Another strong performer was copper-gold explorer Far East Gold (ASX:FEG), which debuted with a gain of more than 30% after raising $12m from investors at 20c per share to advance six advanced-stage tenements across Australia and Indonesia, including a +1Moz gold resource at the ‘Wonogiri’ project in Indonesia.

Elsewhere, Discovery Alaska (ASX:DAF) — previously known as Discovery Africa and now exploring the 199.4sqkm ‘Chulitna’ project in Alaska — rose by more than 30% on no news.

Also rising strongly on no news was B2B lender N1 Holdings (ASX:N1H), which has bounced back from a recent selloff and is now up by around 200% for the year.


Here are the worst performing ASX small cap stocks for March 28 [intraday]:

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Code Company Price % Market Cap
IEC Intra Energy Corp 0.015 -21% $11,129,831.12
BRX Belararoxlimited 1.15 -21% $41,078,529.00
MAG Magmatic Resrce Ltd 0.084 -13% $24,685,219.41
TLX Telix Pharmaceutical 4.13 -13% $1,480,043,196.00
VAL Valor Resources Ltd 0.0115 -12% $47,507,422.86
ROC Rocketboots 0.12 -11% $4,286,250.00
CLE Cyclone Metals 0.004 -11% $25,624,066.42
ESH Esports Mogul Ltd 0.004 -11% $14,498,972.83
PWN Parkway Corp Ltd 0.008 -11% $19,848,196.45
REY REY Resources Ltd 0.13 -10% $30,729,493.16
SIH Sihayo Gold Limited 0.0045 -10% $18,427,307.07
OEC Orbital Corp Limited 0.285 -10% $28,663,958.61
CFO Cfoam Limited 0.01 -9% $8,072,246.97
GMN Gold Mountain Ltd 0.01 -9% $11,771,640.87
IMI Infinitymining 0.155 -9% $9,775,000.00
ARX Aroa Biosurgery 0.68 -9% $255,010,619.09
ARR American Rare Earths 0.48 -9% $206,405,758.13
CAG Caperangeltd 0.225 -8% $23,252,533.75
TML Timah Resources Ltd 0.068 -8% $6,785,376.35
KNI Kunikolimited 1.29 -8% $58,060,889.60
BME Blackmountainenergy 0.12 -8% $7,150,000.13
GCR Golden Cross 0.18 -8% $21,396,494.15
GIB Gibb River Diamonds 0.06 -8% $13,748,113.93
AJL AJ Lucas Group 0.062 -7% $80,151,204.55
REC Rechargemetals 0.125 -7% $4,187,700.14
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