Fight fans were treated to a marquee heavyweight boxing match over the weekend, as the UK’s Tyson Fury took on dangerous knockout artist Deontay Wilder.

The battle was much-anticipated, after the two giants (Wilder weighed in at 104kg, while Fury was a mammoth 120kg) fought to an exciting draw in December 2018.

This time, Fury’s size and skill was too much for the American, as he overwhelmed Wilder to claim victory via technical knockout in the seventh round.

After entering the ring on a throne and putting on a brutal display of boxing power, the so-called “Gypsy King” then led the crowd in a rousing rendition of American Pie:

To markets, and staying with the boxing analogy local stocks suffered a similar fate to Wilder this morning.

The ASX200 got belted, slumping by 2.1 per cent to 6,988 points in midday trade, which puts it on track for the worst intra-day fall since August last year.

It wasn’t any better at the smaller end of town, as the Small Ords index fell 1.9 per cent to 3,010 points.

The selloff followed an ugly session for US stocks to end the week on Friday night, as markets continue to assess the economic fallout from ongoing contagion fears surrounding the coronavirus.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Monday February 24:

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CODE NAME PRICE % CHANGE MARKET CAP
AME ALTO METALS LTD 0.062 72% $18.5M
MDI MIDDLE ISLAND RESOURCES LTD 0.0105 50% $18.5M
MLS METALS AUSTRALIA LTD 0.0015 50% $4.8M
PCL PANCONTINENTAL OIL AND GAS LTD 0.0015 50% $8.1M
KEY KEY PETROLEUM LTD 0.006 50% $10.3M
CVV CARAVEL MINERALS LTD 0.04 33% $7.9M
NTI NEUROTECH INTERNATIONAL LTD 0.009 29% $1.2M
KRR KING RIVER RESOURCES LTD 0.038 27% $47.4M
REZ RESOURCES AND ENERGY GROUP LTD 0.019 27% $7.4M
PGM PLATINA RESOURCES LTD 0.028 22% $8.8M
S2R S2 RESOURCES LTD 0.12 20% $29.7M
GNM GREAT NORTHERN MINERALS LTD 0.006 20% $2.1M
POD PODIUM MINERALS LTD 0.044 19% $7.0M
TYM TYMLEX GROUP LTD 0.032 19% $4.7M
IDZ INDOOR SKYDIVING AUSTRALIA LTD 0.007 17% $2.4M
AZI ALTA ZINC LTD 0.007 17% $15.4M
OAR OAKDALE RESOURCES LTD 0.0035 17% $2.0M
FRN FRASER RANGE METALS GROUP LTD 0.028 17% $8.6M
AUT AUTECO MINERALS LTD 0.042 17% $47.3M
QEM QEM LTD 0.087 16% $8.7M
IPT IMPACT MINERALS LTD 0.015 15% $19.8M
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Alto Metals (ASX:AME)

The gold explorer rose strongly after announcing it received a takeover offer from the Shandong Goldsea Group on Friday night priced at 6.5c per share.

The company said the offer remained conditional and advised shareholders to take no action until the board had considered it in further detail.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Monday February 24:

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CODE NAME PRICE % CHANGE MARKET CAP
DHR DARK HORSE RESOURCES LTD 0.002 -33% $4.9M
ELT ELEMENTOS LTD 0.002 -33% $5.1M
VPR VOLT POWER GROUP LTD 0.001 -33% $9.0M
CCE CARNEGIE CLEAN ENERGY LTD 0.001 -33% $11.1M
CDT CASTLE MINERALS LTD 0.007 -22% $1.7M
CNJ CONICO LTD 0.007 -22% $2.7M
CV1 CV CHECK LTD 0.095 -21% $30.7M
RHT RESONANCE HEALTH LTD 0.16 -20% $68.9M
FPL FREMONT PETROLEUM CORP LTD 0.004 -20% $6.7M
MCT METALICITY LTD 0.004 -20% $2.9M
AD8 AUDINATE GROUP LTD 6.09 -20% $413.9M
FRX FLEXIROAM LTD 0.03 -19% $9.2M
NOX NOXOPHARM LTD 0.25 -18% $43.2M
JXT JAXSTA LTD 0.079 -17% $19.5M
DRE DREADNOUGHT RESOURCES LTD 0.005 -17% $8.8M
LNY LANEWAY RESOURCES LTD 0.005 -17% $18.6M
FTT FACTOR THERAPEUTICS LTD 0.0025 -17% $2.6M
ALG ARDENT LEISURE GRROUP LTD 1.19 -15% $580.4M
AIS AERIS RESOURCES LTD 0.05 -15% $22.8M
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