ASX Small Cap Lunch Wrap: Who's shrugging off the chaos today?

Mass protests against policy brutality across the US continue to dominate the headlines, while the lingering threat of COVID-19 remains ever-present.

But so far this week, the message from stock markets is that it’s going to take more than that to alter the consensus view of future earnings.

On the economic front, Australia’s Q1 GDP figures showed the economy contracted by 0.3 per cent to the end of March, setting the country up for its first recession in 29 years once the June quarter figures are released.

And the Aussie dollar is rocketing higher, trading above US69c this morning — a gain of around 25 per cent from its crisis lows of ~US55c.

In markets, the big end of town led the way following another strong lead from US stocks. The ASX200 was almost 1 per cent higher just after midday EST, while the Small Ords was treading water with a gain of 0.2 per cent.

SMALL CAP WINNERS

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

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

CODE	COMPANY	PRICE	CHANGE	MARKET CAP
AL8	Alderan Resources	0.11	83.33%	$21.8M
MGV	Musgrave Minerals Ltd	0.235	56.67%	$108.8M
FGO	Flamingo	0.002	50.00%	$1.1M
NVX	Novonix	0.78	44.44%	$70.6M
OPY	Openpay	2.88	44.72%	$188.7M
EXR	Exore Resources	0.087	40.32%	$17.3M
IFN	Infigen Energy	0.79	33.90%	$572.7M
SVD	Scandivanadium	0.016	33.33%	$4.2M
DXN	The Data Exchange Network	0.024	33.33%	$18.9M
DDD	3D Resources Ltd	0.004	33.33%	$9.9M
Z1P	Zip	6.67	28.27%	$2.0B
TAR	Taruga Gold Ltd	0.019	26.67%	$5.9M
SWM	Seven West Media	0.133	26.19%	$161.5M
CTO	Citigold Corporation	0.005	25.00%	$10.4M
NAE	New Age Exploration Ltd	0.005	25.00%	$3.6M
MSR	Manas Resources Ltd	0.005	25.00%	$10.6M
DHR	Dark Horse Resources	0.003	25.00%	$5.0M
MCT	Metalicity	0.011	22.22%	$12.5M
WCN	White Cliff Minerals	0.011	22.22%	$4.4M
8VI	8VIC	0.36	20.00%	$13.1M
FBR	Fastbrick Robotics	0.026	18.18%	$39.6M

Copper-gold explorer Alderan Resources (ASX:AL8) led the pack, as markets showed some excitement at the company’s plan to complete its exploration efforts in Utah, USA.

To do that, the company said it will raise around $2.1m from sophisticated investors, via a combination of debt and an equity component, which will be comprised of a $900,000 raise at 5c per share.

That’s a slight discount from the company’s previous closing price of 6c, but well below this morning’s trading price after the stocked ripped higher by as much as 80 per cent.

SMALL CAP LOSERS

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

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

CODE	COMPANY	PRICE	CHANGE	MARKET CAP
MCX	Mariner Corporation Ltd	0.022	-72.50%	$1.1M
MLS	Metals Australia	0.001	-50.00%	$6.4M
GLA	Gladiator Resources	0.001	-33.33%	$2.8M
MAG	Magmatic Resources	0.24	-29.41%	$41.6M
ADD	Adavale Resources Ltd	0.015	-28.57%	$2.6M
OLV	Otherlevels Holdings Ltd	0.005	-28.57%	$2.8M
POD	Podium Minerals	0.019	-26.92%	$3.1M
ENA	Ensurance Ltd	0.016	-23.81%	$9.1M
CNJ	Conico Ltd	0.007	-22.22%	$2.7M
TYM	Tymlez Group	0.043	-18.87%	$6.4M
DAU	Dampier Gold Ltd	0.025	-16.67%	$6.0M
WBE	Whitebark Energy	0.005	-16.67%	$15.0M
AGR	Aguia Resources	0.046	-16.36%	$11.1M
NZS	New Zealand Coastal Seafoods	0.011	-15.38%	$5.3M
KMT	Kopore Metals	0.006	-14.29%	$3.9M
EUR	European Lithium	0.057	-13.64%	$36.9M
KGM	Kalnorth Gold Mines	0.007	-12.50%	$6.3M
AO1	Assetowl	0.007	-12.50%	$3.9M
DCG	Decmil Group	0.082	-11.83%	$20.1M
OVT	Ovato	0.015	-11.76%	$11.0M