ASX stocks continued on their steady climb higher this morning. (Pic: Getty)
ASX Small Cap Lunch Wrap: Who’s marching ahead this morning?
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After a rough start to September, ASX stocks are back to their winning ways with steady gains across the board in morning trade today.
The momentum followed a good day on Wall Street, where the S&P500 posted its best intra-day result since July 6.
The broader rally offset (rare) falls in some big tech names, including Tesla which closed almost 6 per cent lower.
Sentiment was underpinned by indications of additional stimulus from governments and central banks, with US lawmakers reportedly meeting to discuss an extension to the payment program for out-of-work Americans.
In addition, the latest CPI data out of Europe showed the Eurozone has fallen into deflation, with some analysts now flagging the prospect of additional stimulus from the European Central Bank.
(Did someone say ‘central bank stimulus’? Any excuse to tee up this legendary gif:)
Elsewhere, oil futures fell to one-month lows on the back of the disruption from Hurricane Laura in the US Gulf of Mexico. Investors also reacted to a renewed bout of strength in the embattled US dollar.
US dollar gold fell more than 1 per cent while the Australian dollar fell back from recent highs above US74c to around US73.3c.
WINNERS
Here are the best performing ASX small cap stocks at 12pm Thursday September 3:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
|---|---|---|---|---|
| OPL | Opyl Ltd | 0.23 | 76.92% | $7.0M |
| OEQ | Orion Equities Ltd/fund | 0.09 | 61.82% | $980K |
| KAS | Kasbah Resources Ltd | 0.021 | 61.54% | $2.8M |
| ANW | Aus Tin Mining Ltd | 0.0015 | 50.00% | $3.2M |
| QFY | Quantify Technology Holdings | 0.0015 | 50.00% | $2.0M |
| UUV | UUV Aquabotix Ltd | 0.0015 | 50.00% | $3.6M |
| VMG | VDM Group Ltd | 0.003 | 50.00% | $13.9M |
| SAN | Sagalio Energy Ltd | 0.004 | 33.33% | $818K |
| SRN | Surefire Resources NL | 0.012 | 30.00% | $7.5M |
| ANA | Ansila Energy NL | 0.036 | 28.57% | $18.3M |
| ADV | Ardiden Ltd | 0.024 | 26.32% | $49.9M |
| YOJ | Yojee Ltd | 0.23 | 25.00% | $217.1M |
| CV1 | CV Check Ltd | 0.12 | 25.00% | $33.6M |
| CLZ | Classic Minerals Ltd | 0.0025 | 25.00% | $26.1M |
| CZN | Corazon Mining Ltd | 0.0025 | 25.00% | $6.5M |
| DHR | Dark Horse Resources Ltd | 0.0025 | 25.00% | $8.1M |
| SHE | Stonehorse Energy Ltd | 0.01 | 25.00% | $4.0M |
| OSL | OncoSil Medical Ltd | 0.14 | 21.74% | $111.9M |
| SHK | Stone Resources Australia Ltd | 0.03 | 21.43% | $28.4M |
| TCN | Techniche Ltd | 0.05 | 21.05% | $9.7M |
Gains were led by AI company Opyl (ASX:OPL), which ripped higher before going into a trading halt pending a further announcement.
The company said it had completed a proof-of-concept trial that it applied to a range of therapies and vaccines targeting COVID-19.
Opyl said the results indicated it had “developed a software that uses artificial intelligence to make a probability of success prediction on the likelihood of a vaccine, drug, diagnostic or medical device succeeding in clinical trials”.
Shares in OPL briefly doubled before easing back slightly then going into a halt.
Orion Equities (ASX:OEQ) and Kasbah Resources (ASX:KAS) also rose strongly on no news, while online verification company CV Check (ASX:CV1) hopped aboard the BNPL train, jumping higher after announcing it had won three ASX BNPL clients — Afterpay (ASX:APT), Openpay (ASX:OPY) and Zip Co (ASX:Z1P).
LOSERS
Here are the worst performing ASX small cap stocks at 12pm Thursday September 3:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
|---|---|---|---|---|
| XPE | XPED | 0.001 | -50.00% | $1.8M |
| TGO | Trimantium Growthops | 0.06 | -25.00% | $12.2M |
| CFO | Cfoam | 0.022 | -24.14% | $5.6M |
| CGB | Cann Global | 0.004 | -20.00% | $20.1M |
| PWN | Parkway Minerals | 0.006 | -18.75% | $13.7M |
| Z1P | Zip Co | 6.67 | -16.52% | $3.2B |
| TGN | Tungsten Mining | 0.125 | -16.67% | $115.6M |
| RLC | Reedy Lagoon | 0.011 | -15.38% | $6.1M |
| SBR | Sabre Resources | 0.006 | -14.29% | $8.8M |
| WWG | Wiseway | 0.125 | -13.79% | $20.4M |
| KPE | Kina Petroleum | 0.91 | -13.33% | $13.5M |
| SZL | Sezzle | 7.59 | -13.36% | $1.7B |
| CNJ | Conico | 0.014 | -12.50% | $7.1M |
| XTC | Xantippe Resources | 0.004 | -12.50% | $16.3M |
| SHK | Stone Resources Australia | 0.021 | -12.50% | $20.1M |
| OPY | Openpay | 3.52 | -12.22% | $432.6M |
| TIP | Teaminvest Private Group | 0.69 | -12.10% | $87.3M |
