Lunchtime ASX small cap wrap: Who’s cashing out early today?

Today marks a historic moment in the history of Australia’s $3 trillion superannuation system.

As part of Morrison government’s emergency response to the coronavirus pandemic, eligible citizens have been given the all-clear to tap their retirement nest egg early.

Tax-free cash top-ups of up to $10,000 are now on the cards for local residents who meet the criteria.

The offer is limited primarily to those who are unemployed or eligible for the JobSeeker allowance. Eligible participants can also apply for a further $10,000 in the 2020/21 financial year.

The measure has been met with some concern from industry groups about whether it could spark a liquidity crunch, particularly for funds with a higher percentage of members who work in sectors that have been hit hardest by the lockdowns.

For now though, applications for the FY20 payment are open until 30 June, with thousands of Australian expected to apply.

On markets, it’s been a cautious start to the week after a strong rally in April on the back of major government stimulus (similar to the one above) worldwide.

Heading into midday trade, the ASX200 was down 1.54 per cent at 5,401.30, while the Small Ords Index was two per cent lower at 2,302.50.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Monday April 20:

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

CODE	COMPANY	PRICE	% CHANGE	MARKET CAP
RLG	Roolife Group Ltd	0.041	192.86%	$13.6M
CFE	Cape Lambert Resources	0.002	100.00%	$2.5M
XPE	XPED	0.002	100.00%	$1.8M
TMR	Tempus Resources	0.2	60.00%	$8.1M
SE1	Sensera	0.015	50.00%	$4.5M
RFN	Reffind Ltd	0.002	50.00%	$1.0M
MYQ	MyFiziq Ltd	0.17	47.83%	$18.1M
REE	Rarex Ltd	0.025	47.06%	$7.8M
DAF	Discovery Africa Ltd	0.014	40.00%	$2.6M
MTH	Mithril Resources	0.007	40.00%	$3.4M
ZEN	Zenith Minerals Ltd	0.059	34.09%	$151.6M
CRO	Cirralto	0.004	33.33%	$3.3M
CE1	Calima Energy	0.004	33.33%	$8.6M
RDM	Red Metal Ltd	0.07	32.08%	$14.9M
OSX	Osteopore	0.6	27.66%	$62.3M
SFG	Seafarms	0.063	26.00%	$145.2M
1AD	Adalta	0.064	25.49%	$10.5M
KYK	Kyckr	0.094	25.33%	$22.1M
88E	88 Energy	0.007	25.00%	$49.8M
GBR	Great Boulder Resources Ltd	0.036	24.14%	$4.8M

Microcap e-commerce play RooLife Group (ASX:RLG) was the big winner in morning trade — more evidence that positive news out of China remains a strong investment narrative.

The company announced that it’s become a marketing partner for AliPay, the payments platform which is a subsidiary of Chinese e-commerce behemoth Alibaba.

Shares in RLG promptly bounced more than 100 per cent to a new 2020 high of 3.5 cents.

A number of junior miners were also on the winner’s list, by virtue of their operations’ proximity to the high-grade nickel-copper-palladium discovery uncovered by Chalice Gold Mines’ (ASX:CHN) in March. Stockhead’s Reuben Adams has more here.

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Monday April 20:

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

CODE	COMPANY	PRICE	% CHANGE	MARKET CAP
AL3	Aml3d	0.13	-35.00%	$10.2M
UUV	UUV Aquabotix	0.001	-33.33%	$682K
ICG	Inca Minerals Ltd	0.001	-33.33%	$4.1M
SP3	Spectur	0.056	-30.00%	$4.3M
WRM	White Rock Minerals Ltd	0.003	-25.00%	$5.6M
XCD	Xcd Energy	0.004	-20.00%	$2.8M
FAM	Family Insights Group	0.02	-20.00%	$1.3M
ADD	Adavale Resources Ltd	0.017	-19.05%	$2.9M
MGU	Magnum Mining and Exploration Ltd	0.04	-18.37%	$14.9M
TTM	Titan Minerals Ltd	0.055	-17.91%	$41.9M
HT8	Harris Technology	0.047	-17.54%	$8.8M
CM8	Crowd Mobile	0.024	-17.24%	$7.0M
ADY	Admiralty Resources	0.005	-16.67%	$5.8M
DW8	Digital Wine Ventures	0.005	-16.67%	$5.8M
MBK	Metal Bank Ltd	0.005	-16.67%	$4.4M
HWK	Hawkstone Mining	0.005	-16.67%	$5.1M
ADX	Adx Energy Ltd	0.005	-16.67%	$8.5M

ASX debutante AML3D (ASX:AL3) briefly slipped from its 15c listing price when it joined the boards at 11am. The 3D metal printing company completed a $9m IPO, underpinned by a 5.3 per cent investment from Perennial Value Management.

And ecommerce platform Harris Technology (ASX:HT8) eased back in morning trade, but the falls only slightly offset Friday’s gain of 200 per cent after the company announced some positive distribution news for a new range of protective hygiene products.