For now, all roads for ASX shares still lead back to the Russia-Ukraine war.

And today investors hit the risk-off button as the conflict still looks to be well and truly in the escalation phase.

The five-day winning streak for ASX microcaps came to an end, as the Emerging Companies index fell by 2.56%.

Local stocks got a serious fright shortly before midday, as reports emerged that a nuclear plant in Ukraine was on fire.

Global stocks took the reports seriously, as evidenced by a quick move into safe haven assets such as the US dollar and another surge in oil prices.

Equities sold off, but had recouped some of their losses by the close of trade.

The big loser on the day was the ASX uranium sector (except for one stock — more on that later).

Most uranium small caps also climbed off their intra-day lows, but still finished deep in the red.

Looking ahead, Nasdaq futures are pointing more than 1% lower amid the ongoing geopolitical crisis, as US investors brace for all-employment February employment data due out later tonight.

TODAY’S BIGGEST SMALL CAP WINNERS

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

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Code Company Price % Volume
KFE Kogi Iron Ltd 0.013 30.0% 2,885,206
LAM Laramide Res Ltd 0.825 29.9% 4,600
BUY Bounty Oil & Gas NL 0.014 27.3% 35,939,403
KCN Kingsgate 1.495 27.2% 3,648,744
BIR BIR Financial Ltd 0.038 26.7% 499,504
RMI Resource Mining Corp 0.018 20.0% 955,913
JNO Juno 0.11 18.3% 58,822
SAN Sagalio Energy Ltd 0.02 17.6% 5,248
RIM Rimfire Pacific 0.007 16.7% 532,271
XST Xstate Resources 0.0035 16.7% 2,600,624
CR1 Constellation Res 0.22 15.8% 152
ELE Elmore Ltd 0.03 15.4% 2,968,004
MI6 Minerals260 0.54 14.9% 4,308,692
AW1 Americanwestmetals 0.155 14.8% 1,503,383
SW1 Swift Networks Group 0.016 14.3% 2,938,428
PG1 Pearl Global Ltd 0.024 14.3% 57,680
PSL Paterson Resources 0.026 13.0% 1,402,665
ABE Ausbondexchange 0.435 13.0% 8,000
TMR Tempus Resources Ltd 0.097 12.8% 179,692
ERL Empire Resources 0.009 12.5% 2,055,666
SBR Sabre Resources 0.0045 12.5% 445,500
KOV Korvest Ltd 7.85 12.1% 5,835
BMR Ballymore Resources 0.185 12.1% 1,633,494
RSH Respiri Limited 0.048 11.6% 443,244
NC1 Nicoresourceslimited 0.72 11.6% 1,571,040
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Despite the broader yellowcake selloff, one uranium stock actually led the market on Friday as money moved into Canada-based developer Laramide Resources (ASX:LAM).

The dual-listed company (Toronto and Australia) had no news of note, but still rocketed back above 80c — still shy of its 12-month highs near $1.20 during last September 2021 uranium boom.

Also rising strongly was Nigeria-based iron ore player Kogi Iron (ASX:KFE), which has benefitted from the latest strong rally in iron ore prices.

The company has ambitious plans to develop its ‘Agbaja’ project into a production site for steel billet (crude steel) in the Nigerian domestic market.

After falling below 1c in February, today’s 30% rally saw the stock close at 1.3c.

Another iron ore player, WA-based Juno Minerals (ASX:JNO) also posted strong gains, one day after flagging that the Tiger Hill Global Fund had increased its stake in the business to 12.14%.

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
YPB YPB Group Ltd 0.0015 -25.0% 1,008,440
GGX Gas2Grid Limited 0.002 -20.0% 3,230,000
DYL Deep Yellow Limited 0.78 -17.0% 9,511,521
OAR OAR Resources Ltd 0.005 -16.7% 45,392,573
VPR Volt Power Group 0.0025 -16.7% 715,000
LOT Lotus Resources Ltd 0.26 -16.1% 18,252,464
BMN Bannerman Energy Ltd 0.21 -16.0% 31,765,108
BOE Boss Energy Ltd 2.27 -15.9% 7,048,429
FXG Felix Gold Limited 0.16 -15.8% 337,474
OAU Ora Gold Limited 0.016 -15.8% 342,900
TOE Toro Energy Limited 0.016 -15.8% 56,791,977
BGT Bio-Gene Technology 0.27 -15.6% 1,424,082
CV1 Cv Check Ltd 0.11 -15.4% 182,360
COY Coppermoly Limited 0.011 -15.4% 260,578
PRM Prominence Energy 0.011 -15.4% 16,461,735
TIG Tigers Realm Coal 0.011 -15.4% 11,995,921
TSL Titanium Sands Ltd 0.022 -15.4% 326,924
NVU Nanoveu Limited 0.028 -15.2% 157,943
EL8 Elevate Uranium Ltd 0.54 -15.0% 8,272,320
EPM Eclipse Metals 0.023 -14.8% 8,081,061
PDN Paladin Energy Ltd 0.735 -14.5% 154,084,505
TGH Terragen 0.15 -14.3% 262,024
AYM Australia United Min 0.006 -14.3% 1,347,255
ROG Red Sky Energy. 0.006 -14.3% 909,994
PEN Peninsula Energy Ltd 0.185 -14.0% 29,924,502
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ANNOUNCEMENTS YOU MAY HAVE MISSED

As uranium stocks on the ASX today fell after unconfirmed reports a nuclear power plant in Ukraine is on fire after Russian shelling, Copper-silver miner Kopore (ASX:KMT) announced its shareholders have approved the 100% acquisition of EF Niger Exploration SARL, owner of the Agadez uranium project.

Extensive fieldwork and a ground mapping program is planned with Kopore’s Managing Director Caroline Keats saying she was pleased it got shareholder support. “This validates our belief that the transaction is a positive step towards the company’s diversification into clean-energy focused assets,” she said.

Clinical stage cell therapy company Chimeric Therapeutics (ASX:CHM) has announced its entered a strategic partnership with Be the Match Bio Therapies, an organisation offering supply chain solutions for companies developing and commercialising cell and gene therapies.

Be The Match provides end-to-end services that ensure expedited collection, transport and delivery of cellular starting material and clinical drug product, which will support Chimeric’s expanded clinical development of CHM 1101 (CLTX CAR T), which is in a Phase 1 clinical trial to treat current or progressive glioblastoma.

Cashed up coal miner Terracom (ASX:TER) has announced it paid a further US$20.8 million to reduce its Euroclear Bond facility in February, reducing the principal to US$102 million.

The company said the accelerated payment of US$60 million in April 2022, along with planned monthly payment amounts will result in the Euroclear Bond being full repaid on or before June 30, 2022.

TRADING HALTS

Structural Monitoring Systems (ASX:SMN) — US Federal Aviation Authority certification
Intra Energy Corp (ASX:IEC) — Cleansing prospectus
Vimy Resources (ASX:VMY) — Capital raising
Lucapa Diamond Company (ASX:LOM) — Capital raising