ASX Small Cap Lunch Wrap: Who’s in on the conspiracy today?
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For a life-changing event on the scale of COVID-19, it was only a matter of time before conspiracy theories about the virus’ origin began to emerge.
As it turns out, one man that appears to have jumped on the conspiracy train is Pat Cash, the headband-donning Aussie tennis player who took out the men’s singles title at Wimbledown in 1987.
Cash turned some heads on Twitter today by posting a (now deleted) link to a far-flung conspiracy film called ‘Plandemic: Indoctornation’.
The tweet sparked criticism from other tennis players and health professionals. Here’s our favourite Twitter response so far:
Your headband is too tight champ, it’s cutting off circulation to your brain 🧠 pic.twitter.com/tgVq8wFFzf
— Dr Darren Saunders (@whereisdaz) August 19, 2020
To markets now, and the ASX200 has given away most of the gains it posted yesterday, while the Small Ords index is treading water as reporting season continues in full swing.
The main move overnight was in currencies, as a bout of strength in the beleaguered US dollar saw the Australian dollar fall back below US72c, while US dollar gold fell back from the $US2,000 level to around $US1,940.
Here are the best performing ASX small cap stocks at 12pm Thursday August 20:
$6.1m market cap company Flexiroam (ASX:FRX) climbed by 200 per cent on no news at the opening bell, before going into a trading halt at 10:18am AEST.
Flexiroam, which provides mobile data plans for people travelling overseas, released a formal announcement a short time later to reveal it had requested a trading halt pending a further announcement.
Also rising strongly was financial services firm Centrepoint Alliance (ASX:CAF), which shot higher on the back of a strong annual report and trading update.
And biotech company Kazia Therapeutics (ASX:KZA) continued its strong month after announcing it had received a Fast Track Designation from US health authorities for its paxalisib brain cancer treatment.
Here are the worst performing ASX small cap stocks at 12pm Thursday August 20: