ASX Small Cap Lunch Wrap: Who’s grinding for those stimulus dollars today?

Strip clubs in the United States are suing the federal government after being refused access to that $US2 trillion COVID-19 stimulus package.

Three lawsuits allege these strip clubs – many of which closed their doors in March due to ‘stay-at-home’ orders — are barred from getting stimulus loans because of “the type of business they run”.

If the strip clubs don’t get access to the federal funding, “they may lack the staff and/or funds to reopen following the COVID-19 pandemic,” one lawsuit states.

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Meanwhile, official economic data — which is now rolling in — could be the prick that deflates the share market balloon. Or maybe not; no one truly knows.

US and European share markets closed weaker on Wednesday. This was Europe’s first set of declines in six days, a period which saw markets rebound almost 8 per cent. Madness.

The local bourse followed the trend, with the ASX200 softening 1.71 per cent to 5,372.2 points – which is still an +18 per cent improvement on those March lows:

The S&P/ ASX 200 over the past three months.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Thursday April 16:

Swipe or scroll to reveal the full table. Click headings to sort.

CODE	COMPANY	PRICE	% CHANGE	MARKET CAP
SE1	Sensera	0.012	200.00%	$1.3M
NVU	Nanoveu	0.078	160.00%	$4.0M
PWY	Parkway Minerals	0.002	100.00%	$8.4M
GTR	GTI Resources	0.008	60.00%	$2.3M
ONE	Oneview Healthcare	0.075	50.00%	$8.7M
RMX	Red Mountain Mining	0.004	33.33%	$2.6M
ADV	Ardiden	0.004	33.33%	$5.4M
XTC	Xantippe Resources	0.004	33.33%	$10.0M
SNS	Sensen Networks	0.093	32.86%	$31.3M
PDI	Predictive Discovery	0.072	44.00%	$24.5M
SCI	Silver City Minerals	0.009	28.57%	$2.6M
SKN	Skin Elements	0.098	27.27%	$24.5M
ADR	Adherium	0.03	25.00%	$11.9M
FAM	Family Insights Group	0.025	25.00%	$1.3M
FTT	Factor Therapeutics	0.003	25.00%	$2.1M
TNP	Triple Energy	0.01	25.00%	$576K
RDN	Raiden	0.005	25.00%	$1.7M
SPL	Starpharma	1.145	23.12%	$346.5M
COO	Corum Group	0.049	22.50%	$16.1M
HCH	Hot Chili	0.023	21.05%	$33.0M

Budding ‘COVID-19 fighters’ are still getting a good response from the market.

Nanotech play Nanoveu (ASX:NVU) now says its product may have antiviral properties and could be used as a protective layer on smartphone screens and cases.

Initial testing on the top layer of the product showed it “to be effective against viruses and bacteria – including influenza A (subtype H3N2) and E. coli,” the company said. It’s now procuring screens for a production run.

The stock surged +160 per cent in morning trade.

Telehealth software firm Oneview (ASX:ONE) was up as much as 60 per cent after announcing the launch of cloud-based software to help healthcare systems and providers manage patients.

It represents a small but promising reversal for the struggling stock, which is down 82 per cent over the past 12 months.

Pharmaceutical and life sciences company Starpharma (ASX:SPL) also performed strongly on the back of some COVID-19 news.

The stock rose by more than 25 per cent after reporting its VivaGel, “has been shown in laboratory studies to have significant antiviral activity against the coronavirus”.

And finally, the ASX’s six-week IPO drought has well and truly broken with rapid HIV and COVID-19 test kit maker Atomo Diagnostics (ASX:AT1) beginning listed life with a 125 per cent gain on its IPO price.

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Wednesday April 15:

Swipe or scroll to reveal the full table. Click headings to sort.

CODE	COMPANY	PRICE	% CHANGE	MARKET CAP
AMT	Allegra Orthopaedics	0.12	-38.46%	$12.0M
XPE	XPED	0.001	-33.33%	$1.8M
FGO	Flamingo	0.001	-33.33%	$1.1M
PCL	Pancontinental Oil & Gas	0.001	-33.33%	$5.4M
MCM	MC Mining	0.14	-30.00%	$19.8M
HRR	Heron Resources	0.043	-27.12%	$18.4M
LSR	Lodestar Minerals	0.006	-25.00%	$5.1M
MIO	Macarthur Minerals	0.092	-23.33%	$12.4M
CWL	Chant West	0.073	-23.16%	$9.3M
SHO	SportsHero	0.018	-21.74%	$5.9M
WNB	Wellness Beauty Solutions	0.013	-20.59%	$13.0M
OAR	Oakdale Resources	0.002	-20.00%	$1.2M
OVT	Ovato	0.009	-18.18%	$6.6M
EOS	Electro Optic Systems	4.78	-16.87%	$541.6M
WBE	Whitebark Energy	0.005	-16.67%	$15.2M
IXR	Ionic Rare Earths	0.005	-16.67%	$10.8M
MTH	Mithril Resources	0.005	-16.67%	$2.5M
BUY	Bounty Oil and Gas	0.006	-14.29%	$6.7M
COB	Cobalt Blue	0.125	-13.79%	$20.0M
TOU	Tlou Energy	0.08	-13.04%	$41.4M