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