Global financial markets remain skittish and manic. The Wall Street engine roared back to life yesterday following Monday’s historic falls, a global event which already has its own Wikipedia page.

US markets whipped around between positive and negative territory for much of the day before closing up an incredible 4.9 to 5 per cent, driven by ‘bargain-hunters’ and a potential stimulus package announced by US President Trump to boost the world’s #1 economy.

“Coming off yesterday, you’ve got short-term bargain-hunters coupled with potential fiscal stimulus hopes,” Horizon Investment Services chief exec Chuck Carlson said.

“It may be the biggest benefit is not actually what’s getting done – it’s that there appears to be a plan.

“There does appear to be a willingness to do something, and that’s probably what’s helping the market.”

Scroll down for today’s small cap winners and losers >>>

Chinese shares closed higher as new coronavirus cases in the mainland kept falling. German logistics firm Deutsche Post also jumped after saying it had started to see volumes in China recover from the impact of the coronavirus outbreak.

But an early recovery proved short-lived for share markets in Europe – the new epicentre of the COVID-19 outbreak.

The pan-European STOXX 600 dropped another 1.1 per cent on Tuesday, after Monday marked its worst day since the 2008 financial crisis.

The ASX has been just as lively. Yesterday, the bourse whipsawed between negative and positive territory, before finishing in the green. Early data suggests another volatile day, with the ASX200 currently down 1.9 per cent to 5,826.90 points and the small cap index down 1.88 per cent to 2,458.70 points.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Wednesday March 11:

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TICKER NAME PRICE % CHANGE MARKET CAP [$AU]
BAS Bass Oil 0.002 +100.00% 6.68M
ICG Inca Minerals 0.002 +100.00% 8.1M
QFY Quantify Technology 0.002 +100.00% 1.94M
SVA Simavita 0.02 +70.00% 5.13M
BMG BMG Resources 0.003 +50.00% 1.17M
GTE Great Western Exploration 0.003 +50.00% 3.76M
TPD Talon Petroleum 0.0015 +50.00% 1.78M
TYX Tyranna Resources 0.003 +50.00% 2.11M
GME GME Resources 0.06 +42.86% 21.3M
NSB NeuroScientific Biopharmaceuticals 0.19 +39.29% 9.15M
TZL TZ 0.08 +37.93% 5.32M
AGE Alligator Energy 0.002 +33.33% 1.42M
ARE Argonaut Resources 0.004 +33.33% 4.74M
OLI Oliver's Real Food 0.09 +30.77% 16.3M
TDY Thedocyard 0.17 +29.63% 7.78M
ASN Anson Resources 0.03 +27.27% 13.2M
EX1 Exopharm 0.27 +25.58% 12.9M
IEC Intra Energy Corp 0.005 +25.00% 1.55M
MDI Middle Island Resources 0.01 +25.00% 14.1M
NVO NVOI 0.01 +25.00% 13.5M
IPD ImpediMed 0.08 +25.00% 32.7M
BD1 Bard1 Life Sciences 0.03 +22.73% 30.1M
SWM Seven West Media 0.13 +22.73% 169.2M
GAS State Gas 0.45 +21.62% 54.1M
RLE Real Energy Corp 0.02 +21.43% 4.94M

Oliver’s Real Food (ASX:OLI) +30%

British retail franchisee EG Group has made a 10c-per-share offer for fast food retailer Oliver’s — a nearly 54 per cent premium over its last traded share price.

“After careful assessment, the board of Oliver’s has determined that engaging further with EG Group is in the best interests of shareholders,” the company says.

“Oliver’s is currently in advanced discussions with EG Group.”

Oliver’s shares hit record lows early last year but have steadily improved ever since, despite shedding over 30 per cent of its peak value in the last six weeks due to the COVID-19-inflicted market volatility.

 

Anson Resources (ASX:ASN) +28%

US lithium-bromine play Anson says dusty old drilling core retained by federal and state government agencies represents a cheap and easy way to upgrade resources at its Paradox brine project in Utah.

Anson has kicked off studies into a 15,000-tonne-per-annum (tpa) commercial bromine plant and a 700tpa lithium pilot plant for the first stage of the project.

This will be expanded to 60,000tpa bromine and 15,000tpa lithium in the second stage.

WATCH: 90 Seconds With… Bruce Richardson, Anson Resources

Also rebounding today were energy players Bass Oil (ASX:BAS), Talon Petroleum (ASX:TPD), State Gas (ASX:GAS), and Real Energy (ASX:RLE).

READ: COVID-19 could lead to an oil market shake up, bankruptcies

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Wednesday March 11:

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

TICKER NAME PRICE % CHANGE MARKET CAP [$AU]
RAP Resapp Health 0.07 -56.47% 123.4M
TRL Tanga Resources 0.02 -50.00% 3.74M
CD1 Cordish Dixon Private Equity 1.05 -33.54% 61.6M
AYR Alloy Resources 0.001 -33.33% 2.09M
SMD Syndicated Metals 0.003 -25.00% 3.75M
CLZ Classic Minerals 0.0015 -25.00% 14.4M
ANL Amani Gold 0.0015 -25.00% 6.14M
CVV Caravel Minerals 0.03 -25.00% 7.1M
GBR Great Boulder Resources 0.03 -22.50% 5.34M
DTM Dart Mining 0.05 -21.88% 3.77M
TMG Trigg Mining 0.05 -20.34% 2.73M
PMY Pacifico Minerals 0.004 -20.00% 14.4M
EPM Eclipse Uranium 0.004 -20.00% 6.18M
CIO Connected IO 0.002 -20.00% 4.82M
BNL Big Star Energy 0.004 -20.00% 3.67M
HOT HotCopper Holdings 0.1 -19.23% 24.6M
ATL Apollo Tourism & Leisure 0.23 -18.18% 49.3M
LVH LiveHire 0.16 -17.95% 59M
CLB Candy Club Holdings 0.05 -16.67% 11.7M
MEP Minotaur Exploration 0.03 -15.63% 11.7M
PWL Powerwrap 0.11 -15.38% 25.2M