Australia’s eastern states remain on edge after new positive COVID-19 tests climbed back above the 250-mark in Victoria yesterday.

Social distancing restrictions have tightened back up next door in NSW, where health authorities on high alert trying to trace a cluster from Crossroads Hotel in the country town of Casula.

A late selloff on US markets also didn’t help sentiment where the tech-focused NASDAQ index — which has climbed back to all-time highs amid the post-pandemic rally — slumped by more than two per cent overnight.

It all added up to a risk-off tone for local markets this morning, which was felt more keenly among the smaller players as the Small Ords Index fell by more than one per cent — on track for its fifth decline in the last six days.

Even stocks in Shanghai, which climbed by 16 per cent in eight straight winning sessions to last Friday, were lower in morning trade.

The ASX200 was less volatile, falling by around 0.5 per cent while the Aussie dollar was still finding support above US69c.

SMALL CAP WINNERS

Here are the best performing ASX small cap stocks at 12pm Tuesday July 14:

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CODE COMPANY PRICE CHANGE MARKET CAP
3DP Pointerra 0.089 64.81% $33.1M
ANL Amani Gold 0.002 50.00% $7.8M
GLA Gladiator Resources 0.0015 50.00% $2.0M
CLZ Classic Minerals Ltd 0.003 50.00% $18.7M
VIP VIP Gloves 0.086 26.47% $50.7M
ICG Inca Minerals Ltd 0.003 25.00% $8.1M
CYG Coventry Group 0.7 20.69% $52.1M
NSB Neuroscientific Biopharma 0.24 20.00% $15.7M
DRE Dreadnought Resources 0.012 20.00% $18.9M
NVU Nanoveu 0.074 19.35% $8.2M
MSE Metalsearch 0.013 18.18% $16.3M
DW8 Dawine 0.026 18.18% $30.1M
TRL Tanga Resources Ltd 0.027 17.39% $3.7M
PWN Parkway Minerals 0.007 16.67% $12.0M
POD Podium Minerals 0.044 15.79% $9.8M
NXE New Energy Minerals 0.008 14.29% $1.2M
BLZ Blaze International Ltd 0.034 13.33% $6.3M
OVT Ovato 0.009 12.50% $5.9M
IXR Ionic Rare Earths Ltd 0.009 12.50% $19.8M
KAS Kasbah Resources 0.009 12.50% $1.0M
GBR Great Boulder Resources Ltd 0.045 12.50% $5.3M
RXM Rex Minerals 0.14 12.00% $38.7M

 

3D geospatial imaging company Pointerra (ASX:3DP) led the small cap pack in tough conditions, after announcing a high-profile share placement.

The company said billionaire tech investor Bevan Slattery has taken a $2.5m stake in the business, acquiring 50m shares at five cents per share.

At current prices, Slattery’s $2.5m stake is now worth closer to $5m after 3DP shares climbed by more than 50 per cent at the opening bell, and held their gains into midday trade.

VIP Gloves (ASX:VIP), which manufacturers nitrile disposable gloves from its manufacturing hub in Malaysia, also rose strongly after announcing a change in substantial shareholding earlier this morning.

SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks at 12pm Tuesday July 14:

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CODE COMPANY PRICE CHANGE MARKET CAP
MNW Mint Payments 0.012 -40.00% $10.9M
PPL Pureprofile Ltd 0.025 -35.90% $3.0M
QFY Quantify Tech 0.001 -33.33% $2.0M
CFE Cape Lambert Resources 0.002 -33.33% $3.4M
ROG Red Sky Energy 0.001 -33.33% $2.5M
UUV UUV Aquabotix 0.001 -33.33% $792K
ENT Enterprise Metals Ltd 0.018 -25.00% $8.6M
CR1 Constellation Resources 0.33 -25.00% $11.6M
AYM Australia United Mining Ltd 0.003 -25.00% $7.4M
MTB Mount Burgess Mining NL 0.002 -20.00% $1.2M
XTC Xantippe Resources 0.002 -20.00% $8.0M
VAL Valor Resources 0.002 -20.00% $3.8M
CAV Carnavale Resources Ltd 0.004 -20.00% $6.0M
TKM Trek Metals 0.044 -18.52% $7.7M
STM Sunstone Metals 0.009 -18.18% $19.9M
IP1 Integrated Payment Tech 0.024 -17.24% $9.3M
GTR GTI Resources Ltd 0.025 -16.67% $16.3M
PUA Pure Alumina 0.021 -16.00% $8.8M
MCT Metalicity 0.021 -16.00% $34.9M

 

Payments platform Mint Payments (ASX:MNW) is coming to the end of the line as a listed entity, after receiving a conditional signoff from the ASX to delist pending shareholder approval.

The company cited “liquidity and limited trading on the ASX”, as one of the main reasons for pursuing a delisting, as well the potential to improve its cost base as an unlisted company.