There’s no shortage of investors on the hunt to find another Xero (ASX:XRO), Afterpay (ASX:APT) or Bitcoin, but it’s proving tricky.

And even investors already in these type of assets are having tough times – a jump in net profit from $3.3 million to $19.8 million couldn’t save Xero (ASX:XRO) from a fall over 10 per cent.

As for crypto, it seems many are at the mercy of Elon Musk. Bitcoin plunged over 7 per cent overnight after Tesla suspended the use of BTC to purchase vehicles, having only allowed it two months earlier.

And while his endorsement of Dogecoin in February was a good thing, he’s been silent on it except when he made a joke on Saturday Night Live over the weekend about it being a scam. That saw it fall over 28 per cent in a matter of hours.

If you’d thought it was travel and tourism that could make you rich – especially with airlines reporting domestic flights were doing even better than pre-COVID – it hasn’t been a good week for you so far. Sadly, revelations on Tuesday that international travel could continue to be non-existent until mid 2022 has been bad for stocks like Qantas (ASX:QAN), which has shed 20 per cent in a month. And Regional Express (ASX:REX) has lost 25 per cent since it launched domestic jet services.

It is a negative day for markets, with the ASX 200 sitting 0.37 per cent down as at 11.45am, marking the third straight day of losses. But there were a few winners today.

 

WINNERS

Here are the best performing ASX small cap stocks to 11:30am on Wednesday, May 12

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

Code Name Price % Change Volume Market Cap
CLZ Classic Min Ltd 0.0015 50 36743408 $ 17,557,191.35
LEX Lefroy Exploration 1.02 30 1338316 $ 93,607,540.26
HMY Harmoney Corp Ltd 1.95 23 49972 $ 159,442,103.92
ICN Icon Energy Limited 0.024 20 281000 $ 11,952,138.76
AGE Alligator Energy 0.031 19 59080385 $ 61,416,898.09
CGB Cann Global Limited 0.007 17 115064 $ 30,835,531.70
GGX Gas2Grid Limited 0.0035 17 485000 $ 6,004,653.12
TYX Tyranna Res Ltd 0.007 17 80000 $ 7,694,164.00
PVL Powerhouse Ven Ltd 0.195 15 829280 $ 15,609,700.39
KAI Kairos Minerals Ltd 0.032 14 5933255 $ 46,940,345.87
KNM Kneomedia Limited 0.008 14 2776335 $ 6,917,726.62
PEK Peak Resources 0.097 14 11466996 $ 135,752,594.84
NGS NGS Ltd 0.215 13 42092 $ 8,175,090.29
MTB Mount Burgess Mining 0.009 13 28912855 $ 5,281,190.39
OEX Oilex Ltd 0.0045 13 125000 $ 20,243,067.87
AQS Aquis Ent Ltd 0.185 12 14830 $ 5,893,664.04
IMC Immuron Limited 0.19 12 943193 $ 38,631,921.32
SVM Sovereign Metals 0.65 11 232570 $ 242,328,973.19
SES Secos Group Ltd 0.25 11 560259 $ 120,043,543.95
LNY Laneway Res Ltd 0.005 11 100000 $ 16,987,796.70
OLL Openlearning 0.16 10 324924 $ 20,433,677.39
HCT Holista CollTech Ltd 0.054 10 2075133 $ 13,492,105.26
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Kiwi fintech lender Harmoney (ASX:HMY) rose after reporting 800 per cent growth in loan originations over the past 12 months.

The company credited that to the latest generation of its behavioural credit decisioning and pricing engine – Libra – which was only released in February and only in Australia.

WA explorer Lefroy (ASX:LEX) gained after further exploration success at its Burns prospect. Recent drilling has confirmed the porphyry zone continues at least 55 metres down and the porphyry is over 100m in true width. The company also says the latest results provide extensive information to guide further drilling.

Remember that hand sanitiser play Holista CollTech (ASX:HCT)? Well, prior to COVID it was in the healthy foods play and this morning it had an update. It told shareholders it had appointed an exclusive distributor for its collagen product in China subject to regulatory approval.

 

LOSERS

Here are the worst performing ASX small cap stocks to 11:30am on Wednesday, May 12

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

Code Name Price % Change Volume Market Cap
PRN Perenti Global Ltd 0.73 -25 12178342 $ 686,687,840.48
MLS Metals Australia 0.0015 -25 16237995 $ 8,454,376.09
XTC Xantippe Res Ltd 0.002 -20 295000 $ 10,186,411.01
MHI Merchant House 0.074 -18 33495 $ 8,483,984.64
ALT Analytica Limited 0.0025 -17 4276257 $ 13,198,546.25
TEM Tempest Minerals 0.02 -17 2949870 $ 6,522,991.34
TG1 Techgen Metals Ltd 0.21 -16 1153439 $ 9,632,196.25
BLY Boart Longyear 0.45 -15 223151 $ 46,911,254.00
HWK Hawkstone Mng Ltd 0.03 -14 20571250 $ 57,256,265.75
DTZ Dotz Nano Ltd 0.25 -12 344556 $ 113,301,695.57
GSM Golden State Mining 0.11 -12 724876 $ 10,343,544.75
HAV Havilah Resources 0.265 -12 531376 $ 91,883,168.40
DLT Delta Drone Intl Ltd 0.023 -12 829225 $ 7,547,443.80
NET Netlinkz Limited 0.025 -11 18775971 $ 71,044,529.77
DVL Dorsavi Ltd 0.024 -11 2748382 $ 9,475,179.44
CE1 Calima Energy 0.008 -11 24596148 $ 92,466,503.11
DTS Dragontail Systems 0.17 -11 286459 $ 54,337,807.78
LMG Latrobe Magnesium 0.017 -11 1000000 $ 24,962,907.77
BAT Battery Minerals Ltd 0.018 -10 7004413 $ 40,825,470.82
CFO Cfoam Limited 0.018 -10 100000 $ 9,501,450.14
OVT Ovato Limited 0.0045 -10 625360 $ 61,064,061.26
TSC Twenty Seven Co. Ltd 0.0045 -10 3581899 $ 13,303,447.81
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Mining services stock Perenti (ASX:PRN) fell after an operational update. Despite winning over $700 million in contracts in 2021, it warned it was seeing impacts from COVID-19 and headwinds would continue for the next 12-18 months.

Other impacts included a tightening of the labour market, impacting business margins, and the strengthening of the Aussie dollar negatively impacting foreign operations’ financial performance.