ASX small caps led the price action in morning trade today, as the Small Ords Index rose by more than 1 per cent.

That easily outpaced the ASX200, which was treading water after a directionless lead from US markets.

Elsewhere, US media identity Dave Portnoy is back in the investing game with a new-found interest in cryptocurrency.

Earlier this year, Portnoy (founder of media platform Barstool Sports) turned some heads on finance Twitter with his trading positions and general commentary during the post-COVID bull market in US stocks.

But after meeting with Bitcoin enthusiasts (and crypto trading platform owners) the Winklevoss twins, he’s now taking his talents to the alt-coin market:

For your reference, that video includes the phrase, “the thing I like about pump & dumps in crypto is that it’s encouraged”. Tell us what you really think Dave.

Sentiment in the crypto markets remains high, with Bitcoin holding above $US12,000 (~$17k) and another wave of speculative money flowing into more obscure assets.

Bitcoin’s store-of-value competitor — gold — has bounced back from last week’s selloff and is holding near $US2k ($2,760). And the AUD is holding above US72c amid ongoing weakness in the US dollar.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Tuesday August 18:

CODE COMPANY PRICE CHANGE MARKET CAP
MTB Mount Burgess Mining NL 0.013 550.00% $7.8M
CAQ CAQ Holdings Ltd 0.014 100.00% $10.0M
HYD Hydrix 0.585 82.81% $64.8M
ID8 Identitii 0.175 45.83% $15.1M
WOA Wide Open Agriculture 1.73 30.08% $144.7M
DAF Discovery Africa Ltd 0.029 26.09% $5.9M
BKY Berkeley Energy 0.78 23.81% $201.7M
GED Golden Deeps Ltd 0.021 23.53% $7.4M
BDG Black Dragon Gold 0.11 22.22% $10.1M
ADV Ardiden 0.017 21.43% $29.0M
RNX Renegade Exploration 0.006 20.00% $4.3M
VKA Viking Mines Ltd 0.012 20.00% $3.8M
AMG Ausmex Mining 0.052 18.18% $28.5M
LSA Lachlan Star 0.01 18.18% $11.1M
DCC Digitalx 0.047 17.50% $28.5M
TNP Triple Energy 0.007 16.67% $504K
NTI Neurotech Intl 0.014 16.67% $3.5M
ENA Ensurance Ltd 0.014 16.67% $8.0M
GEV Global Energy Ventures 0.011 15.79% $19.9M
MND Monadelphous 9.66 14.32% $921.8M
KEY Key Petroleum Ltd 0.008 14.29% $15.7M

 

Resources minnow Mt Burgess Mining (ASX:MTB) quadrupled in morning trade, after announcing that ‘”further work has been conducted on refining the consolidation of drill hole data” at its Nxuu project — a zinc-lead-silver-germanium and vanadium deposit in Botswana.

The company, which has a market cap of $1.2m, said the new data formats “show more clearly the continuity of the mineralised domain of the Nxuu Deposit as known from holes drilled to date”.

CAQ Holdings (ASX:CAQ) also doubled on no news, while Hydrix (ASX:HYD) continued its momentum from yesterday when it closed 260 per cent higher following a market update on its medtech implant device for heart health.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Tuesday August 18:

CODE COMPANY PRICE CHANGE MARKET CAP
CZN Corazon Mining Ltd 0.0025 -37.50% $6.5M
VAL Valor Resources 0.004 -18.18% $9.6M
DHR Dark Horse Resources 0.002 -33.33% $8.1M
VIP VIP Globes 0.105 -16.00% $78.8M
ASW Advanced Share Registry Ltd 0.63 -16.00% $27.1M
EN1 Engage:BDR 0.007 -12.50% $10.9M
LPD Lepidico 0.007 -12.50% $36.3M
RHY Rhythm Biosciences 0.115 -11.54% $13.3M
DAV Davenport Resources 0.039 -11.36% $7.7M
SI6 Six Sigma Metals 0.008 -11.11% $6.4M
CBE Cobre 0.2 -11.11% $20.6M
IHR intelliHR 0.285 -10.94% $58.2M
PSC Prospect Resources Ltd 0.22 -10.20% $62.9M
PET Phoslock Environmental 0.27 -10.00% $168.8M
THR Thor Mining DRC 0.009 -10.00% $6.7M
AQD Ausquest Ltd 0.03 -9.09% $20.3M
BIQ BuildingIQ Inc 0.01 -9.09% $3.7M
K2F K2FLY 0.31 -8.82% $28.6M