The ASX looks on track to book its third straight day of gains, as global stocks remain buoyant amid the COVID-19 uncertainty.

The gains come as multiple US states continue to report record daily infection rates, with Texas clearing the 8,000 mark for the first time overnight.

Local hotspot Melbourne reported 77 new positive tests this morning, with more than 300 live cases which can’t be traced to a known source.

As various jurisdictions globally prepare for another round of lockdowns and stricter public safety measures, the ASX200 rose by more than 1 per cent into midday trade as it closes in on the 6,000 mark for the first time since June 19.

The Small Ords Index was also up by around 1 per cent in morning trade to 2,665 points. And there was more action in the hot end of the market, marked by a surge in dosarVi (ASX:DVL) shares following a sales announcement with QBE.

Shares in the company initially rocketed by more than 1,000 per cent — the third such ramp-up in three days after Etherstack (ASX:ESK) kicked things off on June 30, followed by Alterity Therapeutics (ASX:ATH) yesterday.

The ASX issued a speeding ticket to Alterity yesterday, to which the company responded it was not aware of any information that would prompt such a surge in volume.

Alterity then announced a proposed issue of securities after markets closed, and the stock fell back by around 60 per cent this morning. Etherstack, meanwhile, is trading at around $1.20 from earlier highs of $1.80 (up from 18c on Tuesday morning).

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Thursday July 2:

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CODE COMPANY PRICE % CHANGE MARKET CAP
DVL dorsaVi Ltd 0.089 584.62% $19.8M
OSX Osteopore 1.45 262.50% $146.8M
RXH Rewardle Holdings Ltd 0.005 150.00% $2.6M
TPD Talon Petroleum Ltd 0.002 100.00% $1.8M
EMT Emetals 0.019 72.73% $7.8M
SPQ Superior Resources Ltd 0.007 40.00% $7.1M
TMZ Thomson Resources Ltd 0.035 52.17% $4.2M
BSM Bass Metals Ltd 0.003 50.00% $10.5M
DHR Dark Horse Resources 0.003 50.00% $8.8M
LSR Lodestar Minerals Ltd 0.012 33.33% $10.2M
AX8 Accelerate Resources 0.03 30.43% $2.4M
SE1 Sensera 0.035 29.63% $11.3M
ESK Etherstack 1.325 26.79% $153.8M
ENT Enterprise Metals Ltd 0.019 26.67% $9.5M
FBR FBR 0.043 22.86% $77.3M
AFR African Energy Resources 0.02 25.00% $12.5M
BLZ Blaze International Ltd 0.025 25.00% $5.3M
VAL Valor Resources 0.003 25.00% $3.8M
TRT Todd River Resources 0.036 24.14% $7.2M
SRG SRG Global 0.235 23.68% $84.7M
PM8 Pensana Metals 0.33 22.22% $55.8M

 

The QBE announcement saw dorsaVi lead the pack, after it signed a deal to provide its ViSafe motion sensor technology to employees of QBE customers.

dorsaVi said QBE had allocated $250,000 over an initial 12-month period to enable its customers to access the technology.

Also ripping higher was medtech company Osteopore (ASX:OSX), after announcing a distribution deal to market, promote and sell its patented 3D printed bioresorbable bone healing products into the US market through Biolate Inc.

And on the resources front, eMetals (ASX:EMT) was the standout after releasing the results of a geochemical sampling program at its Nardoo rare metals project in the Gascoyne Region of Western Australia.

The company said it revealed “highly anomalous” tungsten and neodymium finds, with drilling expected to commence in the September quarter.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Thursday July 2:

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

CODE COMPANY PRICE % CHANGE MARKET CAP
ATH Alterity Therapeutics 0.069 -58.18% $72.6M
APG Austpac Resources NL 0.001 -33.33% $4.3M
CZL Consolidated Zinc 0.003 -25.00% $7.5M
FAM Family Insights Group 0.027 -20.59% $2.7M
OAR Oakdale Resources Ltd 0.002 -20.00% $1.4M
HIP Hipo Resources 0.018 -18.18% $7.0M
TKM Trek Metals 0.029 -17.14% $6.1M
CMD Cassius Mining 0.005 -16.67% $1.4M
MRC Mineral Commodities Ltd 0.205 -14.58% $86.6M
AS1 Angel Seafood 0.12 -14.29% $15.8M
KAS Kasbah Resources 0.006 -14.29% $812K
MCT Metalicity 0.031 -13.89% $43.3M
LER Leaf Resources Ltd 0.019 -13.64% $6.4M
TAR Taruga Minerals 0.035 -12.50% $13.7M
ADX Adx Energy Ltd 0.007 -12.50% $12.0M
CAA Capral 0.11 -12.00% $54.7M
MCM MC Mining 0.11 -12.00% $15.5M
CST Castile Res 0.15 -11.76% $30.0M
AUC Ausgold Ltd 0.04 -11.11% $45.4M

 

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