As difficult as it has been on people’s livelihoods, the COVID-19 pandemic has still thrown up plenty of investment opportunities in recent weeks.

Market updates around themes such as hand sanitiser and remote health solutions have been the catalyst for sharp moves among ASX small caps. The odd gold discovery hasn’t hurt either.

We came across a different investment strategy this morning: toilet paper hoarding.

One opportunistic scam-artist investor in South Australia embarked on a coordinated strategy to buy up 150 packets of 32-roll toilet paper (and 150 bottles of 1-litre hand sanitiser) from supermarket chain Drakes.

They then had the temerity to try and on-sell the goods on eBay, which disallowed the sale.

That was followed by an audacious return request, at which point Drakes director John-Paul Drake promptly gave them the bird in this YouTube video.

From private toilet paper salesman to public markets, and the ASX drifted lower in a relatively quiet morning by global pandemic standards.

The ASX200 was down 0.8 per cent into midday trade at 5,444.60 points, while the Small Ords index fell 0.21 per cent to 2,321.90 points.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Wednesday April 15:

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CODE COMPANY PRICE % CHANGE MARKET CAP
PDI Predictive Discovery 0.034 467.00% $16.7M
APH Australian Primary Hemp 0.15 114.29% $10.5M
CHN Chalice Gold Mines 1.028 81.86% $268.6M
A3D Aurora Minerals Ltd 0.014 75.00% $8.9M
JXT Jaxsta 0.035 59.09% $8.9M
DTI DTI Group 0.03 50.00% $10.1M
1ST 1st Group 0.037 37.04% $16.1M
CM8 Crowd Mobile 0.021 31.25% $6.2M
ZEN Zenith Minerals Ltd 0.04 42.86% $149.4M
HLX Helix Resources 0.007 40.00% $3.4M
FPL Fremont Petroleum 0.004 33.33% $6.7M
POW Protean Energy 0.004 33.33% $1.3M
MNW Mint Payments 0.008 33.33% $7.3M
BIQ BuildingIQ Inc 0.004 33.33% $1.5M
AMT Allegra Orthopaedics 0.2 33.33% $19.9M
MSG MCS Services Ltd 0.017 30.77% $3.2M
NUH Nuheara 0.018 28.57% $19.5M
AKP Audio Pixels 16.5 26.92% $465.6M
REX Regional Express Holdings 0.875 26.81% $96.4M
IMM Immutep 0.17 25.93% $62.7M
DRE Dreadnought Resources 0.005 25.00% $8.8M
AHL Ahalife Holdings 0.005 25.00% $5.3M

 

Gold explorer Predictive Discovery (ASX:PDI) stole the show in morning trade, climbing by more than 400 per cent after a big gold find in Guinea.

A 24-hole drilling program at its fully-owned Kaninko project revealed a broad north-facing zone “which is at least 450m long, and open in all directions and at depth”.

“Many of the holes either started or stopped in gold mineralisation, which is therefore open both at depth and to the east and west on most drill lines,” managing director Paul Roberts said.

Shares in Australian Primary Hemp Limited (ASX:APH) also found demand, doubling up in morning trade with a gain of 115 per cent.

The surge comes one day after the company released its 4C filing for the March quarter, where it said it booked record Q1 revenues of $450,000.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Wednesday April 15:

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

CODE COMPANY PRICE % CHANGE MARKET CAP
QUE Queste Communications 0.024 -61.29% $1.7M
ICG Inca Minerals Ltd 0.001 -33.33% $4.1M
FRX Flexiroam Ltd 0.01 -33.33% $3.1M
BAS Bass Strait Oil Co Ltd 0.001 -33.33% $5.0M
MCT Metalicity 0.003 -25.00% $2.2M
AQS Aquis Entertainment 0.012 -25.00% $2.5M
LAA Latam Autos Ltd 0.016 -23.81% $9.5M
SE1 Sensera 0.004 -20.00% $1.3M
GTG Genetic Technologies Ltd 0.004 -20.00% $18.7M
TMX Terrain Minerals Ltd 0.004 -20.00% $2.9M
EMU Emu NL 0.02 -16.67% $6.0M
YOW Yowie Group Ltd 0.036 -16.28% $7.9M
ACB A-Cap Energy 0.011 -15.38% $9.6M
AU8 Augend 0.065 -14.47% $20.0M
BBC BNK Banking 0.39 -13.33% $36.8M
MAN Mandrake Resources 0.02 -13.04% $5.3M
HSC Homestay Care 0.007 -12.50% $11.7M
CPV ClearVue Technologies 0.11 -12.00% $12.2M
ADO Anteo Diagnostics 0.023 -11.54% $37.8M