For those tired of the Harry and Meghan tell-all spectacle on TV hosted by talk show queen Oprah Winfrey there is another distraction.

Airline and travel stocks. Both are starting to climb again with the roll-out of COVID-19 vaccines worldwide and on rising optimism that people will be able to take international trips.

The US Global Jets exchange-traded fund is up 18 per cent so far this year, after falling 61 per cent over February to May 2020.

The fund invests in US and international passenger airlines, aircraft manufacturers, airports and terminal services companies.

Stocks included in the fund are Southwest Airlines, Delta Air, American Airlines, Air Canada, Cargojet and Alaska Air Group.

If anything, the US Global Jets ETF is a barometer of attitudes towards international travel and investor optimism about life post-COVID.

 

Lunch Wrap
US Global Jets ETF 5-year performance. Image: Google

 

To markets:

At lunchtime in Sydney, the ASX All Ordinaries index was fractionally in the green at 7,053 points, up 0.6 per cent on Tuesday’s market close.

All three major US stock indexes fell overnight, with the S&P 500 down 0.8 per cent, the Nasdaq 1.7 per cent lower, and the Down Jones 0.4 per cent lighter.

Bitcoin’s price was hovering around $62,000 in Australian terms, and has whipsawed around since peaking at $74,000 in late February.

The price of gold in US dollars slipped to $US1,735 per ounce ($2,215/ounce) as the market awaited news of the US government’s latest COVID-19 economic stimulus.

Ten-year bond prices were steady after a volatile few days of trading, with the US yield at 1.41 per cent and Australia’s at 1.71 per cent.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Wednesday March 3:

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

Stocks highlighted in yellow made market moving announcements
CODE NAME PRICE % CHANGE VOLUME MARKET CAP
ANL Amani Gold Ltd 0.0015 50 1617902 $ 10,786,996.75
CLZ Classic Min Ltd 0.0015 50 17037500 $ 17,556,867.35
BRK Brookside Energy Ltd 0.014 27 80279963 $ 18,166,044.52
DAV Davenport Resources 0.079 25 4233263 $ 26,658,231.77
EZZ EZZ Life Science 0.625 25 1567664 $ 6,000,000.00
DDD 3D Resources Limited 0.005 25 4460753 $ 14,481,488.37
FSG Field Solu Hldgs Ltd 0.088 24 1167960 $ 37,895,491.22
VML Vital Metals Limited 0.076 23 63232987 $ 165,831,066.56
OBM Ora Banda Mining Ltd 0.3 22 1974223 $ 206,344,379.47
ALT Analytica Limited 0.003 20 1000000 $ 8,799,030.83
NPM Newpeak Metals 0.003 20 1176682 $ 12,185,403.25
ROG Red Sky Energy. 0.003 20 4608077 $ 11,503,555.49
SHE Stonehorse Energy Lt 0.024 20 18905221 $ 9,900,919.22
ARN Aldoro Resources 0.225 18 381951 $ 12,935,352.57
AX8 Accelerate Resources 0.059 18 14255086 $ 7,842,389.70
CWX Carawine Resources 0.4 18 3122827 $ 37,022,566.68
BMN Bannerman Resources 0.12 17 3555389 $ 124,859,466.69
GBZ GBM Rsources Ltd 0.115 15 665832 $ 43,301,806.00
HWK Hawkstone Mng Ltd 0.046 15 166730729 $ 65,136,430.92
MRD Mount Ridley Mines 0.004 14 635706 $ 13,582,185.13
BOE Boss Energy Ltd 0.16 14 10517056 $ 258,432,736.80
AVH Avita Medical 6.48 13 569281 $ 385,428,585.60

 

Gold explorer Accelerate Resources (ASX:AX8) raced out of the starting gate Wednesday on announcing impressive drilling hits at its Rossland gold project in British Columbia.

Three drill holes at the company’s Gertrude prospect showed hits including 17.68 grams per tonne (g/t) gold over 1.87m from 4.14m, and 0.29m at 110 g/t gold from 4.75m.

Accelerate Resources said it will carry out further drilling on specific targets at its Gertrude prospect within its Rossland gold project in Western Canada.

Consumer health products company EZZ Life Science Holdings (ASX:EZZ) was in demand after the company listed on the ASX in a $6m IPO.

EZZ Life Science’s product offering includes branded skin care products which it distributes through supermarkets, pharmacies and retailers in Australia and New Zealand.

Tesla spodumene concentrate supplier Piedmont Lithium (ASX:PLL) was another climber Wednesday as it progressed its plans to list on the US Nasdaq stock exchange.

A shareholder meeting has been convened for April to approve the move of the company’s primary listing to the US and it will retain a secondary listing on the ASX in Australia.

Piedmont Lithium has operations in the US state of North Carolina and will supply raw material for Tesla’s EV lithium-ion batteries made at its US Gigafactory.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Wednesday March 3:

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

Stocks highlighted in yellow made market moving announcements
CODE NAME PRICE % CHANGE VOLUME MARKET CAP
NCL Netccentric Ltd 0.205 -31 2,064,197 $77,437,500
CCE Carnegie Cln Energy 0.0045 -25 232,894,867 $76,488,519
WTL WT Financial Group Ltd 0.09 -22 34,175 $19,224,769
GLE GLG Corp Ltd 0.285 -19 21,977 $25,935,000
CAE Cannindah Resources 0.045 -18 804,895 $15,754,456
DDD 3D Resources Limited 0.005 -17 8,517,256 $21,722,233
GTG Genetic Technologies 0.01 -17 37,934,468 $108,170,721
MLS Metals Australia 0.0025 -17 26,907,016 $12,572,711
ATR Astron Corp Ltd 0.35 -15 36,500 $50,215,602
DDT DataDot Technology 0.006 -14 272,714 $8,693,086
TYX Tyranna Res Ltd 0.007 -13 100,000 $10,258,885
BEM Blackearth Minerals 0.105 -13 2,688,359 $20,139,298
ISD Isentia Group Ltd 0.097 -12 855,716 $22,000,000
RCP Redbank Copper Ltd 0.115 -12 2,351,619 $53,315,677
ONX Orminexltd 0.033 -11 234,602 $20,012,733
INF Infinity Lithium 0.17 -11 1,361,663 $76,171,335
VML Vital Metals Limited 0.07 -10 59,700,785 $208,626,181
VR1 Vection Technologies 0.089 -10 7,066,744 $95,619,056
KTE K2 Energy Ltd 0.045 -10 801,000 $15,032,858
AMD Arrow Minerals 0.009 -10 5,521,725 $13,323,818
AMG Ausmex Mining Gp Ltd 0.056 -10 2,165,468 $34,091,333
PLL Piedmont Lithium Ltd 0.96 -10 6,094,805 $1,481,279,195

 

Exploration company Sabre Resources (ASX:SBR) sustained a heavy share price fall in early trade after announcing disappointing drilling results for its Bonanza gold project.

Trending structures identified last August in an aeromagnetic survey were interpreted to be splays off the Youanmi Shear that hosts the Penny West gold project in WA. Assay results received for a drilling program at Bonanza in January showed “no significant gold intersections”, said the company.

Biopharma company Bionomics’ (ASX:BNO) share price fell in early trade despite completing a capital raising for $15.9m in a share placement priced at 14.5 cents per share.

The company is developing treatments for Alzheimer’s disease in partnership with Merck & Co and for post traumatic stress disorder.

Profit-taking knocked down the share price of casino stock Aquis Entertainment (ASX:AQS) in Wednesday trade after its share price gained 1,100 per cent in February.

The strong run-up in Aquis Entertainment’s share price was based on little discernible news from the company during the month.

The company released on Friday its preliminary financial report for the half-year ended December 2020 that showed a 23.7 per cent year on year decrease in revenue to $18.9m. Net profit for the half year increased 120 per cent on year to $798,000, following a loss of $3.9m for the December 2019-ended half year.

Aquis Entertainment’s share price took off as its competitor Crown Resorts (ASX:CWN) faced inquiries into its Melbourne and Perth operations after a probe into its Sydney casino.

Technology company TZ Limited (ASX:TZL) traded lower without releasing any update and after reporting a loss of $539,880 for the December 2020-ended half year.

The company said it is seeing more interest in its smart locker product from companies needing storage for staff belongings and IT equipment in a COVID-19 environment.