The broader ASX 200 is down on Monday but oil and gold stocks have ripped higher, as the ongoing fallout from the Russia-Ukraine crisis continues to shake global markets.

For a quick break from reality, the latest edition of Batman has just swooped into cinemas.

Alas, things got a little too real in one Texas movie theatre, where the show was stopped because an actual bat was flying around in the theatre.

Like his human namesake, Batbat proved ingeniously stubborn, as attendants tried to catch and release the Dark Knight, but to no avail.

The Austin-based cinema then issued refunds to attendants and blamed the drama on a prank gone wrong.

Back to the real world, where Monday trade in Asia is a clear example of how Russia’s invasion and the historic financial sanctions enacted against it are causing major dislocations in global markets.

Oil prices surged to more than US$130/barrel this morning, after already running hot in the US session on Friday night.

Investors have responded with a flood of money into ASX oil & gas stocks, where oil major Woodside (ASX:WPL) is leading the way with a gain of almost 7%.

Elsewhere, gold is taking a serious run at US$2,000/oz as investors flock to the global safe haven.

In response, large cap ASX goldies are also outperforming with Northern Star (ASX:NST) up by more than 5%.

Those gains offset steady falls against healthcare, tech companies and banking stocks as the ASX 200 continued its slide into midday trade.

As a commodity-linked currency, the Aussie dollar is reflecting the unprecedented surge in commodity prices and energy inputs with another push higher towards US74c this morning.


Here are the best performing ASX small cap stocks for March 7 [intraday]:

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Code Company Price % Market Cap
SMR Stanmore Resources 1.75 52.8% $309,616,525
EVE EVE Health Group Ltd 0.003 50.0% $8,619,617
SMN Structural Monitor. 1.015 49.3% $83,484,573
ICN Icon Energy Limited 0.018 38.5% $9,811,932
CCE Carnegie Cln Energy 0.0025 25.0% $30,205,147
KP2 Kore Potash PLC 0.021 23.5% $12,188,896
COB Cobalt Blue Ltd 0.655 20.2% $167,487,848
OAR OAR Resources Ltd 0.006 20.0% $9,272,824
VPR Volt Power Group 0.003 20.0% $23,361,334
PRM Prominence Energy 0.013 18.2% $14,185,697
BRK Brookside Energy Ltd 0.02 17.6% $58,175,433
DEX Duke Exploration 0.21 16.7% $16,238,007
MR1 Montem Resources 0.05 16.3% $10,948,655
ARD Argent Minerals 0.036 16.1% $27,364,638
HOR Horseshoe Metals Ltd 0.051 15.9% $24,001,687
IPT Impact Minerals 0.015 15.4% $26,309,334
BRX Belararoxlimited 0.8 15.1% $19,689,364
SHP South Harz Potash 0.195 14.7% $83,314,819
AEV Avenira Limited 0.016 14.3% $12,079,939
MEB Medibio Limited 0.004 14.3% $7,878,851
POD Podium Minerals 0.4 14.3% $107,251,274
IVR Investigator Res Ltd 0.073 14.1% $85,268,074
INP Incentiapay Ltd 0.017 13.3% $18,975,954
EPM Eclipse Metals 0.026 13.0% $44,185,907
KTG K-Tig Limited 0.4 12.7% $64,294,498
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A number of resources stocks held their gains from the opening bell, as ASX money continues to tip into commodities and more or less out of everything else.

Investors were pumped about Stanmore Resources (ASX:SMR), which managed to sell its full quota of shares in connection with the US$1.2bn acquisition of BHP’s Queensland coal prices.

First announced in November, the deal marked a home-run swing for Stanmore which at the time only had a market cap of around $280m.

At today’s price for SMR shares above $1.70, institutional investors are sitting on a tidy paper-profit for the ~$656 million they ponied up to fund the equity component of the deal, at $1.10.

The other stock at the top of the leaderboard was Structural Monitoring Systems (ASX:SMN), which was only reinstated to the ASX on February 25 pursuant to a Federal court order “in relation to potential prior trading of certain CDIs while those CDIs remained subject to secondary trading restrictions under the Corporations Act”.

This morning, SMN ripped higher on some key regulatory news, after the US Federal Aviation Administration granted approval for the use of its sensor technology “on the B737-800 Intelsat (Gogo) Wi-Fi antenna support structure inspection”.

“This approval marks an extraordinary milestone in aviation history, the first-ever in the world regulatory agency approved sensor technology validated and certified for detecting critical structural cracks on aircraft,” SMN said.


Here are the worst performing ASX small cap stocks for March 7 [intraday]:

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Code Company Price % Market Cap
VMG VDM Group Limited 0.001 -50.0% $13,855,322
NTL New Talisman Gold 0.001 -33.3% $4,690,838
YPB YPB Group Ltd 0.001 -33.3% $9,176,751
TOR Torque Met 0.175 -16.7% $10,105,190
CT1 Constellation Tech 0.005 -16.7% $8,827,202
PG1 Pearl Global Ltd 0.02 -16.7% $15,656,152
ATU Atrum Coal Ltd 0.018 -16.3% $14,864,419
IGN Ignite Ltd 0.22 -15.4% $23,291,366
KFE Kogi Iron Ltd 0.011 -15.4% $17,128,511
PSL Paterson Resources 0.022 -15.4% $8,820,724
ADY Admiralty Resources. 0.017 -15.0% $26,071,583
EZZ EZZ Life Science 0.34 -15.0% $5,104,000
SOV Sovereign Cloud Hldg 0.42 -14.3% $60,087,534
AO1 Assetowl Limited 0.003 -14.3% $3,236,738
BUD Buddy Tech 0.006 -14.3% $24,587,675
SIH Sihayo Gold Limited 0.006 -14.3% $25,798,230
XST Xstate Resources 0.003 -14.3% $11,253,136
HHI Health House Int Ltd 0.037 -14.0% $2,829,354
TZL TZ Limited 0.1 -13.0% $25,385,746
AMD Arrow Minerals 0.0035 -12.5% $7,295,727
DC2 Dctwo 0.105 -12.5% $6,336,287
WSR Westar Resources 0.105 -12.5% $4,917,908
PAR Paradigm Bio. 0.975 -11.8% $251,493,353
GLH Global Health Ltd 0.3 -11.8% $19,260,793
HTG Harvest Tech Grp Ltd 0.15 -11.8% $99,893,469
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