Markets are off to a buoyant start this week, with the ASX Small Ordinaries Index climbing by around one per cent to midday trade.

US stock futures are also pointing slightly higher with no major swings in currencies or commodities.

Key data this week is likely to be led by US inflation figures on Wednesday night, when US Fed Chair Jerome Powell will also make a (separate) speech.

Since the start of February two US investor billionaires — Paul Singer and Stan Druckenmiller — have both gone on the record with the view that inflation may rise quicker than markets currently expect as the global economy recovers.

With Asia-Pacific markets on track for a relatively tranquil Monday, focus in some corners has turned to Super Bowl LV, where the Tampa Bay Buccaneers are taking on the Kansas City Chiefs.

The game pits the Chief’s star (young) quarterback Patrick Mahomes against Tom Brady, who is now (checks Wiki) 43 years old.

Heading into halftime, Brady was turning the clock back with three touchdown passes to give the Bucs a 21-6 lead.

But yeah, American football…


 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Monday February 8:

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

CODE NAME PRICE % CHANGE VOLUME MARKET CAP
NGY Nuenergy Gas Ltd 0.067 123 6,181,623 $ 44,428,665
RNT Rent.Com.Au Limited 0.36 60 64,087,596 $ 77,097,201
ANL Amani Gold Ltd 0.0015 50 11,782,250 $ 9,386,997
CBY Canterbury Resources 0.135 35 1,750,689 $ 8,801,500
VPR Volt Power Group 0.004 33 4,970,734 $ 27,508,601
AZI Alta Zinc Ltd 0.0065 30 10,112,965 $ 18,053,496
FGL Frugl Group Limited 0.079 30 9,706,111 $ 9,973,500
ARO Astro Resources NL 0.005 25 10,047,164 $ 11,982,772
MLS Metals Australia 0.0025 25 3,628,350 $ 8,381,807
VRC Volt Resources Ltd 0.02 25 26,762,298 $ 34,605,250
AGS Alliance Resources 0.19 23 683,535 $ 32,242,656
SBR Sabre Resources 0.0085 21 10,396,011 $ 11,781,446
HFY Hubify Ltd 0.12 21 154,755 $ 47,359,503
TMR Tempus Resources Ltd 0.29 21 8,825,463 $ 20,739,948
TYM Tymlez Group 0.047 21 156,242 $ 11,389,438
BTR Brightstar Resources 0.048 20 50,000 $ 17,430,031
EX1 Exopharm Limited 0.73 20 2,756,251 $ 85,042,337
KTE K2 Energy Ltd 0.063 19 2,959,136 $ 15,934,829
RPM RPM Automotive Group 0.32 19 389,147 $ 31,096,728
DVN Devine Limited 0.13 18 76,769 $ 17,460,361
BEM Blackearth Minerals 0.105 18 6,238,046 $ 13,386,889
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ASX small caps are closing in on new 12-year highs. And if there’s been one area of the market with money-making opportunities aplenty in recent months, it’s been resources.

That trend proved itself yet again this morning as eight companies joined the midday winner’s list following market-moving announcements — all of them in the resources sector.

Minnow gold explorer Amani Gold (ASX:ANL) ticked higher in percentage terms, after announcing a $3m capital raise to fund drilling, resource estimates and feasibility studies at its Giro gold project in the Democratic Republic of Congo.

Canterbury Resources (ASX:CBY) also jumped after it was granted a licence from the Mineral Resources Authority of Papua New Guinea to begin the development phase of existing copper-gold deposits at Idzan Creek and Wamum Creek.

For the full resources wrap, Reuben Adams has all you need here. Probably more.

Elsewhere, online real estate rental marketplace rent.com.au (ASX:RNT) continued its torrid rally following a $2m capital injection from high-profile investor Bevan Slattery last week.
 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Monday February 8:

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

CODE NAME PRICE % CHANGE VOLUME MARKET CAP
BAS Bass Oil Ltd 0.001 -33 334,216 $ 5,013,210
DME Dome Gold Mines Ltd 0.135 -27 62,822 $ 54,891,555
ALT Analytica Limited 0.003 -25 55,171 $ 14,078,449
ANW Aus Tin Mining 0.0015 -25 8,242,525 $ 14,005,828
OZM Ozaurum Resources 0.195 -22 1,874,358 $ 13,005,000
EXP Experience Co Ltd 0.155 -18 176,559 $ 105,604,250
TIA Tian An Aust Limited 0.28 -15 1,520 $ 28,580,914
CGA Contango Asset 0.7 -15 3,500 $ 38,942,280
BOT Botanix Pharma Ltd 0.12 -14 9,659,117 $ 136,239,890
G88 Golden Mile Res Ltd 0.04 -13 327,958 $ 5,658,843
SFM Santa Fe Minerals 0.105 -13 22,226 $ 8,738,255
BIR BIR Financial Ltd 0.022 -12 17,400 $ 2,031,259
SIV SIV Capital Limited 0.29 -11 259,074 $ 12,762,073
CGB Cann Global Limited 0.009 -10 7,368,876 $ 51,392,553
DCX Discovex Res Ltd 0.009 -10 10,111,091 $ 11,961,641
GMR Golden Rim Resources 0.009 -10 15,061,587 $ 21,085,456
MTB Mount Burgess Mining 0.009 -10 70,360 $ 6,601,488
GGX Gas2Grid Limited 0.005 -9 181,116 $ 7,347,983
RIM Rimfire Pacific 0.01 -9 2,529,036 $ 19,868,692
EMP Emperor Energy Ltd 0.061 -9 6,415,218 $ 9,406,327
HXG Hexagon Energy 0.105 -9 72,026 $ 34,638,613
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