Share market volatility is well and truly ‘the new normal’. Global markets rose overnight on a small oil price rebound and hopes of more fiscal stimulus in the US and the EU.

 

Scroll down for this morning’s best/worst performing small caps>>>

Governments are throwing an unprecedented amount of cash around in efforts to cushion their economies from recession/depression.

On Thursday, a vital European Union summit will discuss a joint long-term budget to restart economic growth; the same day the US is expected to pass a new $US484 ($768) billion relief package.

The ASX has followed global markets higher in morning trade. Meanwhile, companies are releasing some worrying numbers as economic lockdown measures bite.

Thorn Group (ASX:TGA) has today announced the permanent closure of its 62 Radio Rentals stores — impacting ~300 employees — while Carsales.com (ASX:CAR) will temporarily stand down 250 workers. Both stocks increased in morning trade.

Gold remains everyone’s investment safe haven amid the drama, with spot prices nearing $US1,715/oz ($2723/oz) in late US trade Wednesday.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Thursday April 23:

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

CODE COMPANY PRICE % CHANGE MARKET CAP
JPR Jupiter Energy 0.165 200.00% $22.4M
RAG Ragnar Metals 0.007 133.33% $2.2M
XPE XPED 0.002 100.00% $1.8M
CZL Consolidated Zinc 0.006 100.00% $10.4M
CCE Carnegie Clean 0.002 100.00% $11.1M
ASP Aspermont 0.01 66.67% $21.2M
KRR King River Copper 0.053 55.88% $42.5M
SE1 Sensera 0.02 53.85% $6.4M
BAS Bass Strait Oil Co 0.002 50.00% $3.3M
NAE New Age Exploration 0.003 50.00% $2.7M
CZN Corazon Mining 0.003 50.00% $7.2M
OEX Oilex 0.003 50.00% $10.3M
CMD Cassius Mining 0.007 40.00% $2.0M
CUX Crossland Strategic Metals 0.004 33.33% $4.1M
BRK Brookside Energy 0.004 33.33% $4.0M
NCZ New Century Resources 0.2 33.33% $127.6M
PIO Pioneer Resources 0.012 33.33% $18.1M
LRS Latin Resources 0.004 33.33% $1.5M
ABT Advanced Braking Technology 0.029 31.82% $1.7M

 

The meteoric rise of enigmatic oil and gas junior Jupiter Energy (ASX:JPR) continues.

After yesterday’s 1000 per cent increase, the Kazakhstan-focused minnow was up another +200 per cent in morning trade for no reason.

The company, which suffered a $918,000 loss in the March quarter and has $123,000 left in the bank, has now paused trading “pending a further announcement”.

Also up in morning trade were oil and gas tiddlers Bass Oil (ASX:BAS), Oilex (ASX:OEX), and Brookside Energy (ASX:BRK).

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Thursday April 23:

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

CODE COMPANY PRICE % CHANGE MARKET CAP
LCY Legacy Iron Ore 0.001 -50.00% $6.3M
COY Coppermoly Ltd 0.008 -27.27% $17.0M
CFE Cape Lambert Resources 0.002 -25.00% $1.3M
PEN Peninsula Energy 0.17 -22.73% $69.3M
ELT Elementos Ltd 0.002 -20.00% $5.1M
VRC Volt Resources 0.005 -16.67% $8.7M
DXN The Data Exchange Network 0.01 -16.67% $4.6M
KAI Kairos Minerals 0.01 -16.67% $10.2M
GTG Genetic Technologies Ltd 0.005 -16.67% $25.6M
FGR First Graphene 0.13 -16.13% $61.8M
MTH Mithril Resources 0.006 -14.29% $2.9M
DLC Delecta Ltd 0.006 -14.29% $4.2M
A1G African Gold Ltd 0.099 -13.91% $5.8M
BRL Bathurst Resources 0.062 -15.07% $106.0M
MOH Moho Resources 0.073 -13.10% $3.6M
NCR Nucoal Resources 0.007 -12.50% $5.4M
CL8 Collaborate Corporation Ltd 0.007 -12.50% $8.1M
TAP Tap Oil 0.074 -11.90% $31.7M