(Getty Images)
Lunchtime ASX small cap wrap: Who’s avoiding a meltdown today?
News
share
It’s been a case of another day, another brutal selloff for ASX investors as markets remained in the throes of a coronavirus-induced panic.
The local index is on track for its third straight fall of well over 1 per cent after global stocks got smashed again overnight.
The S&P500 was actually pointing higher at the conclusion of Asian trade yesterday. But the good news didn’t last long, and US markets got mauled into the close after a dire health warning from the Center for Disease Control and Prevention.
With new cases popping up across multiple regions, analysts are in the process of revising their 2020 forecasts for global economic growth sharply lower.
Local markets started badly and couldn’t arrest the damage into midday trade, as the ASX200 slumped by 1.96 per cent to 6,732 points. The risk-off mood sparked heavier falls on the Small Ords index, which fell 2.37 per cent to 2,882 points.
Both indexes have now lost around 6 per cent this week.
WINNERS
Here are the best performing ASX small cap stocks at 12pm Wednesday February 26:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | NAME | PRICE | % CHANGE | MARKET CAP |
|---|---|---|---|---|
| T3D | 333D Ltd | 0.002 | +100.00% | $2.1M |
| CZN | Corazon Mining Ltd | 0.003 | +50.00% | $7.2M |
| VPR | Volt Power Group Ltd | 0.0015 | +50.00% | $13.5M |
| PCL | Pancontinental Oil & Gas NL | 0.002 | +33.33% | $10.8M |
| CLA | Celsius Resources Ltd | 0.01 | +25.00% | $7.6M |
| DEG | De Grey Mining Ltd | 0.22 | +22.22% | $228.5M |
| ATL | Apollo Tourism & Leisure Ltd | 0.32 | +20.75% | $58.6M |
| AGE | Alligator Energy Ltd | 0.003 | +20.00% | $4.2M |
| AFL | AF Legal Group Ltd | 0.14 | +17.39% | $8.1M |
| CE1 | Calima Energy Ltd | 0.007 | +16.67% | $15.1M |
| DW8 | Digital Wine Ventures Ltd | 0.007 | +16.67% | $8.2M |
| GTR | GTI Resources Ltd | 0.007 | +16.67% | $3.3M |
| ICN | Icon Energy Ltd | 0.007 | +16.67% | $4.2M |
| HLS | Healius Ltd | 3.18 | +15.22% | $2.0B |
| CFO | CFOAM Ltd | 0.06 | +14.55% | $11.2M |
| AZV | Azure Healthcare Ltd | 0.12 | +14.29% | $34.1M |
| G88 | Golden Mile Resources Ltd | 0.05 | +11.90% | $3.4M |
| NCR | NuCoal Resources Ltd | 0.01 | +11.11% | $7.7M |
| XCD | XCD Energy Ltd | 0.01 | +11.11% | $7.0M |
De Grey Mining (ASX:DEG)
The junior gold explorer had some more good news out of its Hemi project in WA, after confirming the discovery of larger sulphide zones underneath existing high-grade gold zones.
The large sulphide zones “have the potential to significantly increase Hemi’s scale”, technical director Andy Beckwith said.
LOSERS
Here are the worst performing ASX small cap stocks at 12pm Wednesday February 26:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | NAME | PRICE | % CHANGE | MARKET CAP |
|---|---|---|---|---|
| CAD | Caeneus Minerals Ltd | 0.001 | -50.00% | $2.6M |
| AMA | AMA Group Ltd | 0.52 | -33.33% | $362.1M |
| TRL | Tanga Resources Ltd | 0.001 | -33.33% | $1.9M |
| MTB | Mount Burgess Mining NL | 0.001 | -33.33% | $1.1M |
| MRD | Mount Ridley Mines Ltd | 0.002 | -33.33% | $5.4M |
| APG | Austpac Resources NL | 0.002 | -33.33% | $5.8M |
| SBR | Sabre Resources Ltd | 0.0015 | -25.00% | $1.3M |
| TTI | Traffic Technologies Ltd | 0.01 | -23.08% | $5.8M |
| BLK | Blackham Resources Ltd | 0.01 | -23.08% | $49.5M |
| ENR | Encounter Resources Ltd | 0.09 | -20.87% | $25.6M |
| REZ | Resources & Energy Group Ltd | 0.012 | -20.00% | $4.7M |
| POW | Protean Energy Ltd | 0.004 | -20.00% | $1.2M |
| LSA | Lachlan Star Ltd | 0.008 | -20.00% | $6.0M |
| DRE | Dreadnought Resources Ltd | 0.004 | -20.00% | $7.1M |
| ARE | Argonaut Resources NL | 0.004 | -20.00% | $6.3M |
| SND | Saunders International Ltd | 0.42 | -19.23% | $44.0M |
| TAO | Tao Commodities Ltd | 0.06 | -18.75% | $2.0M |
| TER | Terracom Ltd | 0.19 | -17.78% | $95.3M |
| WML | Woomera Mining Ltd | 0.014 | -17.65% | $2.6M |
| EM2 | Eagle Mountain Mining Ltd | 0.11 | -15.38% | $12.2M |
| SVA | Simavita Ltd | 0.02 | -15.00% | $7.1M |
Traffic Technologies (ASX:TTI)
The tech company, which provides software and hardware products used in traffic control and road safety systems, fell sharply after the market responded negatively to its latest set of half-year results.
