Things weren’t looking good ahead of the opening bell today, after a rough session for US stocks following another rise in bond yields overnight.

And that bearish momentum flowed through to the ASX 200, which posted its second +1% fall in four days.

Across sectors, large-cap tech stocks fell sharply while the ASX 200 Energy index was the one of the few sectors in positive territory, as the near-term outlook for oil prices grows increasingly bullish.

But amid the sea of red, there was still another stack of junior resources stocks that outperformed with big gains, including a red-hot battery metals IPO.

Oh, and Brainchip (ASX:BRN) is still mooning into the stratosphere, with another huge rally after announcing it had received an additional patent in the US market.

TODAY’S BIGGEST SMALL CAP WINNERS

(Stocks highlighted in yellow rose after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
NC1 Nico Resources 0.375 87.5% 6,751,639
FGL Frugl Group Limited 0.029 45.0% 3,137,612
CLE Cyclone Metals 0.004 33.3% 1,120,183
T3D 333D Limited 0.004 33.3% 786,590
BNR Bulletin Res Ltd 0.145 26.1% 6,812,249
IQ3 Iq3Corp Limited 0.145 26.1% 655
DLM Dominion Minerals 0.087 26.1% 538,541
PRM Prominence Energy 0.0125 25.0% 56,411,202
GTG Genetic Technologies 0.005 25.0% 18,630,059
MLS Metals Australia 0.0025 25.0% 28,078,084
PCL Pancontinental Energ 0.0025 25.0% 5,809,187
SE1 Sensera Ltd 0.0225 25.0% 14,410,753
YPB YPB Group Ltd 0.0025 25.0% 3,824,702
TGH Terragen 0.185 23.3% 186,500
G88 Golden Mile Res Ltd 0.059 22.9% 6,373,987
ZAG Zuleika Gold Ltd 0.043 22.9% 16,184,133
LEX Lefroy Exploration 0.38 22.6% 520,465
ARO Astro Resources NL 0.0055 22.2% 22,929,852
HLX Helix Resources 0.022 22.2% 56,098,242
AZL Arizona Lithium Ltd 0.17 21.4% 49,340,610
IMC Immuron Limited 0.145 20.8% 1,884,687
CMX Chemxmaterials 0.24 20.0% 3,217,555
ASO Aston Minerals Ltd 0.125 19.0% 9,297,144
MRC Mineral Commodities 0.19 18.8% 1,587,251
ARR American Rare Earths 0.355 18.3% 7,824,699

Cobalt-nickel play Nico Resources (ASX:NC1) led the market, after an auspicious IPO debut which saw the company’s stock price almost double on day one.

A spinout from tin producer Metals X (ASX:MLX), NC1 raised $12m from investors at 20c per share and closed at 37.5c.

The company will now focus on its Wingellina nickel/cobalt project, where a pre-feasibility study by Metals X indicated the project should support an initial 40-year mine life at production rate of 40,000tpa Ni and 3,000tpa Co.

AI-based medical diagnostics company Genetic Technologies (ASX:GTG) ticked higher following the release of its December quarter 4C filing, reporting a cash balance of $13.5m and a lift in operating receipts to $1.8 million, flowing through to net operating cash outflows of $2.15m.

Also rising strongly was retail intelligence platform Frugl Group (ASX:FGL), which bounced off recent lows to climb by 45% on no news.

Among stocks with announcements, most of the midday winners in resources held their gains through to the closing bell. Get the full resources wrap here.

TODAY’S BIGGEST SMALL CAP LOSERS

(Stocks highlighted in yellow fell after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
MYG Mayfield Group Ltd 0.28 -28% 20,000
OEX Oilex Ltd 0.003 -25% 8,638,597
WOO Wooboard Tech Ltd 0.0015 -25% 1,423,809
EN1 Engage:Bdr Limited 0.002 -20% 115,295,345
CGB Cann Global Limited 0.0025 -17% 6,005,661
VPR Volt Power Group 0.0025 -17% 1,000,000
MP1 Megaport Limited 15.31 -16% 2,482,540
DXN DXN Limited 0.006 -14% 16,856,541
LNY Laneway Res Ltd 0.006 -14% 2,638,910
OKJ Oakajee Corp Ltd 0.06 -14% 150,000
TYX Tyranna Res Ltd 0.006 -14% 77,224
AMT Allegra Orthopaedics 0.14 -13% 67,119
POL Polymetals Resources 0.14 -13% 140,349
NYR Nyrada Inc. 0.22 -12% 721,266
ID8 Identitii Limited 0.097 -12% 2,769,341
JPR Jupiter Energy 0.038 -12% 359,802

ANNOUNCEMENTS YOU MAY HAVE MISSED

Junior explorer Torian Resources (ASX:TRN) edged higher in afternoon trade, following an update shortly after midday where it said new drilling results had continued to extend the gold system at its Mt Stirling project in WA.

Base metals player Aeon Metals (ASX:AML) responded to an ASX query after jumping +10% on no news. The company said it wasn’t aware of any news that would have prompted the demand.

Consumer finance company Harmoney Corp (ASX:HMY) provided a half-year trading update, where it said it loan book expanded by 19% on the prior comparative period to $557m. HMY said it expects that to flow through to a preliminary cash net profit for the half year, although it didn’t specify what the profit figure would be.

Australian Rare Earths (ASX:AR3) said results from another 174 drill holes — part of an 899 drill hole program for 9,921m — had confirmed “shallow rare earth mineralised clayey sediments across a wide region” of its Koppamurra in SA and Victoria. Shares in AR3 fell by around 7% in afternoon trade.

TRADING HALTS

The following companies went into a halt on Wednesday and are expected to recommence trading over the next few days.

Bulletin Resources (ASX:BNR) — exploration update
Hannan Ltd (ASX:HNR) — response to ASX price query
Carnavon Energy (ASX:CVN) — drilling result for Buffalo-10 well
European Metals Holdings (ASX:EMH) — PFS update (Cinovec project)
Centaurus Metals (ASX:CTM) — capital raising
Venus Metals (ASX:VMC) — resource upgrade
Rox Resources (ASX:RXL) — resource upgrade