Cold beer on a summer’s day and strong investment returns are two things classified as ‘good’ by the Stockhead editorial board.

But on the quality scale, you’d have to be talking about a small cap 10-bagger to match these lucky surfers, who headed out for a sesh at Lennox Head on the NSW coast and found themselves in esteemed company.

Those good vibes didn’t extend to markets, with a sea of red across the major indexes in Thursday trade.

After tracking sideways all week, the ASX 200 ran out of puff today and posted a sharp decline of more than 1% in morning trade.

There were no major laggards across the major sectors, with steady falls in financials, resources, IT and consumer stocks.

USD gold remains below $US1,800 an ounce, as the US dollar consolidates its gains from earlier in the week while Bitcoin has stabilised around the US$46,000 level following yesterday’s sharp selloff.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for September 9 [intraday]:

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

Code Name Price % Change Market Cap
HNR Hannans Ltd 0.011 57.1% $ 16,519,840.34
BAS Bass Oil Ltd 0.0015 50.0% $ 3,343,901.22
CLZ Classic Min Ltd 0.0015 50.0% $ 22,369,104.43
ADR Adherium Ltd 0.022 46.7% $ 31,936,289.40
A8G Australasian Gold 0.365 43.1% $ 8,571,809.96
WBT Weebit Nano Ltd 3.83 35.8% $ 348,021,837.18
XST Xstate Resources 0.004 33.3% $ 9,645,544.95
CZR CZR Resources Ltd 0.009 28.6% $ 24,404,262.94
ASN Anson Resources Ltd 0.12 22.4% $ 88,068,448.92
UUL Ultima Utd Ltd 1.00 17.6% $ 62,311,395.40
TSC Twenty Seven Co. Ltd 0.0035 16.7% $ 7,982,441.72
KNI Kunikolimited 1.92 16.4% $ 68,428,905.60
LHM Land Homes Grp Ltd 0.015 15.4% $ 13,642,060.73
GMR Golden Rim Resources 0.008 14.3% $ 18,692,447.75
CHL Camplifyholdings 2.80 14.3% $ 66,116,944.60
BST Best & Less 3.19 13.9% $ 351,027,404.00
OPL Opyl Limited 0.135 12.5% $ 6,526,246.20
DDT DataDot Technology 0.009 12.5% $ 9,950,955.73
MRD Mount Ridley Mines 0.0045 12.5% $ 20,060,494.29
RIM Rimfire Pacific 0.009 12.5% $ 14,449,957.88
IGN Ignite Ltd 0.099 12.5% $ 7,883,231.40
DCX Discovex Res Ltd 0.005 11.0% $ 11,558,988.34
MBK Metal Bank Ltd 0.01 11.0% $ 10,701,614.74

Small cap resources play Hannans Ltd (ASX:HNR) jumped after announcing it’s signed an Memorandum of Understanding (not yet legally binding) with unlisted Australian registered company Critical Metals Ltd.

The deal gives HNR the rights to recover high purity metals from scrap and spent lithium-ion batteries and commercialise its lithium recycling technology across Nordic markets in Norway, Sweden, Denmark, and Finland.

Also rising was medtech company Adherium (ASX:ADR) announced a US FDA 510(k) approval to market its the Hailie Sensor with physiological measures, for use in monitoring Asthma and Chronic Obstructive Pulmonary Disease (COPD).

And Israel-based semiconductor technology Weebit Nano (ASX:WBT) climbed back towards new all-time highs after announcing a production and licensing agreement with a subsidiary of the Nasdaq-listed SkyWater Technology.

ASX SMALL CAP LOSERS

Here are the best performing ASX small cap stocks for September 9 [intraday]:

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

Code Name Price % Change Market Cap
NPM Newpeak Metals 0.001 -50.0% $13,654,870
OAK Oakridge 0.001 -50.0% $6,878,586
HAW Hawthorn Resources 0.046 -23.3% $20,010,937
FFC Farmaforce Ltd 0.05 -23.1% $8,494,264
ARO Astro Resources NL 0.004 -20.0% $18,820,965
DLC Delecta Limited 0.011 -15.4% $13,112,076
TSC Twenty Seven Co. Ltd 0.003 -14.3% $9,312,849
AEV Avenira Limited 0.007 -12.5% $6,902,823
GMR Golden Rim Resources 0.007 -12.5% $21,362,797
GTG Genetic Technologies 0.007 -12.5% $73,808,721
KNI Kunikolimited 1.715 -12.1% $80,870,525
GGE Grand Gulf Energy 0.023 -11.5% $9,977,486
RKN Reckon Limited 1.055 -11.3% $134,820,850
RLC Reedy Lagoon Corp. 0.025 -10.7% $13,160,733
VRC Volt Resources Ltd 0.034 -10.5% $92,721,960
POL Polymetals Resources 0.135 -10.0% $5,823,489
AGS Alliance Resources 0.15 -9.1% $34,322,827
GAL Galileo Mining Ltd 0.3 -9.1% $47,223,398
DCN Dacian Gold Ltd 0.205 -8.9% $217,671,751
DCC Digitalx Limited 0.072 -9.0% $58,434,377
ADV Ardiden Ltd 0.0155 -9.0% $36,539,022
ARD Argent Minerals 0.031 -9.0% $29,812,870
OBM Ora Banda Mining Ltd 0.105 -9.0% $111,979,468