ASX Small Cap Lunchtime Wrap: Who’s throwing the kitchen sink today?

Not so fun fact: globally, governments have allocated $US10 trillion for economic stimulus in just two months.

So far, for some countries, the response as a percentage of GDP has been nearly 10 times what it was in the financial crisis of 2008-09, McKinsey says.

That number will only get higher as we move into recovery mode.

Overcooked US share markets rebounded Friday following its biggest fall in 12 weeks on Thursday. A crazy trading session saw the CBOE Volatility Index rise to its highest level since April.

Similarly, European share markets (mostly) rose Friday after posting dire numbers the previous day.

It is a good time to be in gold or iron ore. Over the week, gold rose by US$54.30/oz to +$US1,730/oz, while iron ore was up 4.4 per cent to +$US105/t.

The ASX has edged lower today, with the benchmark ASX200 Index down 0.3 per cent to 5,830.4 points by midday EST.

SMALL CAP WINNERS

Here are the best performing ASX small cap stocks at 12pm on Monday June 15:

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

CODE	COMPANY	PRICE	% CHANGE	MARKET CAP
MLS	Metals Australia	0.002	100.00%	$3.2M
ROG	Red Sky Energy	0.002	100.00%	$1.6M
UUV	UUV Aquabotix	0.002	50.00%	$758K
ECT	Environmental Clean Technologies	0.002	50.00%	$2.4M
EN1	Engage:BDR	0.007	50.00%	$7.0M
XPE	XPED	0.002	50.00%	$1.8M
CGB	Cann Global	0.01	42.86%	$23.4M
MEI	Meteoric Resources	0.027	42.11%	$30.3M
THR	Thor Mining	0.007	40.00%	$5.2M
GBP	Global Petroleum	0.019	35.71%	$3.9M
ELT	Elementos	0.004	33.33%	$10.2M
MSR	Manas Resources	0.005	25.00%	$13.2M
SVY	Stavely Minerals	0.66	22.22%	$141.1M
VRS	Veris	0.039	21.88%	$15.8M
HSC	Homestay Care	0.006	20.00%	$10.1M
LGP	Little Green Pharma	0.39	18.18%	$52.1M

Minnow Metals Australia (ASX:MLS) leads the winners after announcing a high-grade maiden graphite resource for the Lac Rainy project in Quebec, Canada.

“The Lac Rainy project has the potential to deliver attractive economics due to its potentially significant size, high grades and extensive surface outcrop that offers low strip ratios,” Metals Australia says.

The explorer was up 100 per cent in morning trade.

Popular explorer Stavely Minerals (ASX:SVY) jumped +30 per cent on an 87m long intercept grading 1.74 per cent copper, 0.57 grams per tonne (g/t) gold and 20g/t silver, about 100m south of the discovery drill hole into the Cayley Lode.

“Due to the large overall interval of strong copper, gold and silver mineralisation and the significant gold grades in the high-grade sub-intervals, we consider this intercept to be on a par with the assays from the discovery drill hole,” executive chairman Chris Cairns says.

That discovery hole, drilled in September last year, was a rerating event for Stavely.

And Meteoric Resources (ASX:MEI) has picked up a gold project in WA, sending the exploration stock up about 40 per cent in morning trade.

The Meteoric share price is still down 40 per cent over the past six months following some disappointing drilling results from its flagship project in Brazil.

SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks at 12pm on Monday June 15:

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

CODE	COMPANY	PRICE	% CHANGE	MARKET CAP
GNE	Genesis Resources	0.01	-50.00%	$10.2M
CLZ	Classic Minerals	0.002	-25.00%	$8.2M
SBR	Sabre Resources	0.002	-20.00%	$1.7M
SVA	Simavita	0.018	-18.18%	$12.6M
AGE	Alligator Energy	0.005	-16.67%	$7.2M
CRO	Cirralto	0.005	-16.67%	$4.1M
OAR	Oakdale Resources	0.003	-16.67%	$1.4M
TSC	Twenty Seven	0.005	-16.67%	$7.4M
BOA	Boadicea Resources	0.18	-16.28%	$10.0M
VAR	Variscan Mines	0.016	-15.79%	$3.1M
MEL	Metgasco	0.027	-15.63%	$10.6M
WBT	Weebit Nano	0.3	-15.49%	$21.8M
WOA	Wide Open Agriculture	0.415	-14.43%	$29.3M
HMD	HeraMED	0.09	-14.29%	$9.4M
SYA	Sayona Mining	0.006	-14.29%	$14.8M
RWD	Reward Minerals	0.165	-13.16%	$26.8M