On ASX markets, local stocks continue to track sideways with little volatility so far this week.

On the black market, things have taken a turn for the worse following a global bust (including Australia) that resulted in more than 800 arrests.

It’s no secret that criminal networks seek encrypted channels for communication purposes. And since 2018, outlaw groups were drawn to an anonymous platform called ANOM.

But as it turned out, ANOM was a plant by FBI investigators specifically for the purpose of tracking criminal behaviour.

The wave of arrests followed a three-year surveillance program comprising more than 25 million messages, authorities said.

Back on legal markets, the ASX is currently on track to post three straight days with a percentage change of less than 0.2% (up or down) — a feat it hasn’t achieved since last July.

Ahead of all-important US inflation data on Thursday night, data this morning showed rising commodity costs saw producer-price inflation in China rise to the highest level since 2008.
 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Wednesday, June 9:

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

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Gains this morning were led by junior explorers Coda Minerals (ASX:COD) and Torrens Mining (ASX:TRN) — joint venture partners at the Elizabeth Creek IOCG project in South Australia.

COD more than doubled while TRN is up 87% — gains which will make sense when you read Reuben Adams’ morning resources summary titled ‘Have these explorers discovered the next Olympic Dam?’

Mining stocks dominated this morning’s winners list, and China-backed Zeus Resources (ASX:ZEU) was another stock that rose sharply after securing an $810,000 capital raise and inking a deal with Singapore-based exploration company Cloud Securities.
 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Wednesday, June 9:

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

Wordpress Table Plugin

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