ASX Small Cap Lunch Wrap: Who’s keen for some fiscal firepower today?
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It’s (US) Inauguration Day and markets are up and about.
Joe Biden is set to be sworn is as President later tonight (Australian time).
Usually there’s a handover but Trump won’t be there, instead choosing to end his term with a pre-recorded message.
But it wasn’t Biden or Trump that was the source of optimsim on US markets.
Instead, new US Treasury secretary (and former Fed chair) Janet Yellen helped buoy sentiment, by using her confirmation address to advocate for another big injection of fiscal support to aid the recovery.
If 2020 showed anything, it’s that markets love a bit of fiscal firepower.
And that trend appears to have continued so far into the new year as Yellen’s speech prompted a material boost in risk appetite overnight.
After Monday’s fall, the ASX Emerging Companies microcap index is now pushing into positive territory for the week with a gain of about 1.2 per cent in morning trade.
Here are the best performing ASX small cap stocks at 12pm Wednesday January 20:
Swipe or scroll to reveal the full table. Click headings to sort.
CODE | NAME | PRICE | % CHANGE | VOLUME | MARKET CAP |
---|---|---|---|---|---|
HMX | Hammer Metals Ltd | 0.06 | 81.82 | 40,192,420 | 24,719,864 |
CLZ | Classic Min Ltd | 0.0015 | 50.00 | 18,921,800 | 17,034,968 |
ECT | Env Clean Tech Ltd. | 0.0015 | 50.00 | 2,000,000 | 9,601,033 |
VMG | VDM Group Limited | 0.003 | 50.00 | 3,000,009 | 13,855,322 |
ENV | Enova Mining Limited | 0.059 | 37.21 | 3,780,333 | 14,562,330 |
RLE | Real Energy Corp | 0.067 | 31.37 | 17,680,314 | 22,110,495 |
PWN | Parkway Minls NL | 0.017 | 30.77 | 84,294,523 | 24,709,802 |
STM | Sunstone Metals Ltd | 0.017 | 30.77 | 16,004,217 | 28,729,839 |
APH | AP Hemp Ltd | 0.495 | 30.26 | 1,286,081 | 21,312,352 |
GAL | Galileo Mining Ltd | 0.355 | 29.09 | 4,379,194 | 39,352,831 |
WML | Woomera Mining Ltd | 0.034 | 25.93 | 5,647,360 | 9,185,039 |
CUL | Cullen Resources | 0.025 | 25.00 | 1,380,857 | 5,998,353 |
DTR | Dateline Resources | 0.0025 | 25.00 | 5,869,998 | 16,420,156 |
CHM | Chimeric Therapeutic | 0.375 | 20.97 | 13,292,472 | 60,915,000 |
RPM | RPM Automotive Group | 0.235 | 20.51 | 3,814,494 | 22,458,748 |
Leading the pack in morning trade was Hammer Metals (ASX:HMX), which announced significant copper and gold intercepts from a two-hole drilling program in a previously un-drilled section of its Trafalgar prospect in Mt Isa, Queensland.
Here are the worst performing ASX small cap stocks at 12pm Wednesday January 20:
Swipe or scroll to reveal the full table. Click headings to sort.
CODE | NAME | PRICE | % CHANGE | VOLUME | MARKET CAP |
---|---|---|---|---|---|
ALT | Analytica Limited | 0.003 | -25.00 | 365,000 | 14,078,449 |
ANL | Amani Gold Ltd | 0.0015 | -25.00 | 7,200,000 | 18,773,993 |
CCE | Carnegie Cln Energy | 0.0015 | -25.00 | 18,550,001 | 23,064,137 |
OEX | Oilex Ltd | 0.0015 | -25.00 | 500,000 | 8,324,260 |
WOO | Wooboard Tech Ltd | 0.002 | -20.00 | 10,522,501 | 5,952,667 |
VR8 | Vanadium Resources | 0.04 | -18.37 | 1,060,759 | 18,339,594 |
CZN | Corazon Ltd | 0.0025 | -16.67 | 5,600,999 | 9,760,077 |
ZNC | Zenith Minerals Ltd | 0.115 | -14.81 | 495,175 | 39,738,604 |
MRD | Mount Ridley Mines | 0.003 | -14.29 | 2,432,506 | 13,598,246 |
XST | Xstate Resources | 0.006 | -14.29 | 37,622,040 | 12,678,686 |
EUR | European Lithium Ltd | 0.086 | -14.00 | 12,529,010 | 72,653,986 |
RMI | Resource Mining Corp | 0.013 | -13.33 | 314,560 | 4,444,010 |
AOU | Auroch Minerals Ltd | 0.23 | -11.54 | 2,467,782 | 66,478,135 |
NC6 | Nanollose Limited | 0.2 | -11.11 | 5,011,867 | 26,718,546 |
PTR | Petratherm Ltd | 0.16 | -11.11 | 5,100 | 33,904,583 |
DDD | 3D Resources Limited | 0.004 | -11.11 | 4,107,328 | 16,269,174 |
NCR | Nucoal Resources Ltd | 0.008 | -11.11 | 727,000 | 6,917,511 |
HWK | Hawkstone Mng Ltd | 0.025 | -10.71 | 68,990,805 | 42,324,059 |
IEC | Intra Energy Corp | 0.009 | -10.00 | 100,000 | 3,877,240 |