September 30 brought nothing but good vibes, as the ASX posted its best daily of the year.
But things have gone decidedly red in October, as stocks gave back the previous day’s gains with a 2% slump into midday trade.
It followed a volatile session on Wall Street, with sharp falls on the S&P500 as markets assess the impact of an ongoing crunch in global supply chains amid the post-Covid recovery.
Banking stocks got belted, with the ASX 200 Financials index on track for its worst session since September 2020.
A gain in the iron ore price overnight failed to act as a catalyst for big resources stocks, while gold was the clear out-performer, as large cap gold stocks provided a hedge against the broader selloff with solid gains in morning trade.
ASX SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for October 1 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Name | Price | % Change | Market Cap |
|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.004 | 300.0% | $14,205,197 |
| OVT | Ovato Limited | 0.003 | 50.0% | $24,425,625 |
| WOO | Wooboard Tech Ltd | 0.0015 | 50.0% | $3,822,163 |
| ARO | Astro Resources NL | 0.005 | 25.0% | $15,056,772 |
| JPR | Jupiter Energy | 0.055 | 22.2% | $6,901,996 |
| ONX | Orminexltd | 0.041 | 20.6% | $18,628,414 |
| CLE | Cyclone Metals | 0.006 | 20.0% | $23,896,185 |
| CI1 | Credit Intelligence | 0.017 | 17.2% | $23,239,491 |
| AXI | Axiom Properties | 0.105 | 16.7% | $38,944,229 |
| HVM | Happy Valley | 0.105 | 16.7% | $15,437,078 |
| CAV | Carnavale Resources | 0.007 | 16.7% | $14,581,382 |
| PNX | PNX Metals Limited | 0.007 | 16.7% | $21,913,161 |
| PAL | Palla Pharma Ltd | 0.405 | 15.7% | $56,669,607 |
| WC1 | Westcobarmetals | 0.23 | 15.0% | $5,850,015 |
| GTG | Genetic Technologies | 0.008 | 14.3% | $64,582,631 |
| GLA | Gladiator Resources | 0.042 | 13.5% | $16,693,286 |
| GLV | Global Oil & Gas | 0.0295 | 13.5% | $24,730,123 |
| EOL | Energy One Limited | 6.00 | 13.0% | $138,316,611 |
| TIG | Tigers Realm Coal | 0.018 | 13.0% | $209,067,238 |
| XST | Xstate Resources | 0.0045 | 13.0% | $12,860,727 |
| TCG | Turaco Gold Limited | 0.11 | 12.0% | $32,993,988 |
Speaking of gold, there was a wild percentage move in penny stock Amani Gold (ASX:ANL), which ramped from 0.1c to 0.4c for a gain of 300%.
ANL shares traded for a grand total of nine minutes before the ASX put the stock in a trading halt at 10:09am AEST.
The company responded at 11:16am AEST, saying that it wasn’t aware of any information that would prompt such a surge.
In September, ANL issued 7,000,000,000 (yes, seven billion) shares at 0.1c each, in a $7m capital raising for sophisticated investors which included a free 1:1 attaching listed option, each exercisable at 0.15c.
During the year, the company issued 1 billion performance rights to executive chairman Klaus Eckhof, which are scheduled to expire in February 2024.
333,333,333 of those will vest if the ANL share price stays above 0.3c for 20 consecutive trading days.
Get the full details here.
Outside of resources, another winner in morning trade was fintech Credit Intelligence (ASX:CI1), which rose by more than 15% after announcing the launch of an ecommerce platform with BNPL functionality in the Hong Kong market.
Energy-trading software platform Energy One (ASX:EOL) also rose strongly, after announcing a ~$6.8m cash and share deal to acquire Belgium-based energy software vendor EGSSIS.
ASX SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks for October 1 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Name | Price | % Change | Market Cap |
|---|---|---|---|---|
| OAK | Oakridge | 0.001 | -50.0% | $6,878,586 |
| FYI | FYI Resources Ltd | 0.545 | -33.9% | $288,063,261 |
| NPM | Newpeak Metals | 0.0015 | -25.0% | $13,654,870 |
| BAS | Bass Oil Ltd | 0.0025 | -16.7% | $10,031,704 |
| CCE | Carnegie Cln Energy | 0.0025 | -16.7% | $44,707,721 |
| NTL | New Talisman Gold | 0.0025 | -16.7% | $9,381,676 |
| IQ3 | Iq3Corp Limited | 0.115 | -14.8% | $14,086,035 |
| HMI | Hiremii | 0.087 | -13.0% | $5,951,254 |
| BDA | Bod Australia | 0.28 | -11.1% | $33,334,535 |
| GFN | Gefen Int | 0.78 | -10.9% | $53,298,166 |
| XRF | XRF Scientific | 0.59 | -10.6% | $88,810,321 |
| RWD | Reward Minerals Ltd | 0.135 | -10.0% | $29,280,404 |
| RD1 | Registry Direct | 0.028 | -9.7% | $10,923,573 |
| TD1 | Tali Digital Limited | 0.029 | -9.4% | $29,820,985 |
| LIS | Lisenergylimited | 1.89 | -8.7% | $310,797,277 |
| ABX | Aust Bauxite Ltd | 0.105 | -8.7% | $21,022,496 |
| NAE | New Age Exploration | 0.011 | -8.3% | $17,230,787 |
| PWN | Parkway Corp Ltd | 0.011 | -8.3% | $26,438,233 |
| RVS | Revasum | 0.39 | -8.0% | $44,890,991 |
| ACW | Actinogen Medical | 0.115 | -8.0% | $209,057,318 |
| RXM | Rex Minerals Limited | 0.23 | -8.0% | $147,330,230 |
| EFE | Eastern Iron | 0.035 | -8.0% | $32,496,432 |