Markets are heading into a US election year, which most likely means another round of thrills and spills on the political campaign trial.

And before the Democrat party can launch a challenge to retake the White House from incumbent President Donald Trump, it will need to choose a nominee.

Throwing his hat into the crowded ring (of almost 20 candidates) over the weekend was Michael Bloomberg, owner of the eponymous media company and former mayor of New York City.

He ran for mayor as a Republican, which presumably places him on the right of leading Democrat candidates Elizabeth Warren and Bernie Sanders in terms of political policy.

And while President Trump’s actual net worth remains the subject of ongoing speculation, there’s no doubt Bloomberg has some serious dough — around $US50 billion ($73.5 billion) at last count. He kicked things off with a bang on Friday by dropping a quick $30m for a week-long ad blitz to launch his campaign.

It wasn’t quite as explosive on local markets, as the ASX Small Ords drifted lower into midday trade to 2,880 points — a fall of 0.11 per cent.

The big end of town fared better on the back of a solid US lead, as the ASX200 climbed by around 0.5 per cent to 6,746.60 points.

 

GOING UP

Mithril Resources (ASX:MTH) rose strongly in morning trade, after the market approved of its acquisition of Sun Minerals, which in turn holds a 100 per cent interest in a “high-grade gold silver project” in Durango, Mexico.

And investors were also optimistic about results from a phase II clinical trial for Kazia Therapeutics (ASX:KZA), whose treatment may be able to give glioblastoma (brain cancer) sufferers three more months of life. The early results are based on eight patients out of a total of 29.

Here are the best performing ASX small cap stocks at 12pm on Monday, November 25:

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Code Name Price % Chg Market Cap
AYM Australia United Mining Ltd 0.003 +100.00% $5.5M
MTH Mithril Resources Ltd 0.012 +71.43% $6.4M
BAS Bass Oil Ltd 0.003 +50.00% $10.0M
MRD Mount Ridley Mines Ltd 0.003 +50.00% $8.0M
ROG Red Sky Energy Ltd 0.003 +50.00% $4.7M
KZA Kazia Therapeutics Ltd 0.65 +48.30% $48.4M
GPP Great Northern Minerals Ltd 0.012 +33.33% $3.6M
UUV UUV Aquabotix Ltd 0.005 +25.00% $2.6M
SLM Salmat Ltd 0.68 +23.64% $131.8M
KTE K2 Energy Ltd 0.006 +20.00% $1.8M
PIN PINCHme.com Inc 0.12 +20.00% $16.2M
MNC Metminco Ltd 0.11 +17.02% $18.3M
CLZ Classic Minerals Ltd 0.0035 +16.67% $22.2M
AQC Australian Pacific Coal Ltd 0.15 +15.38% $7.6M
FSG Field Solutions Holdings Ltd 0.02 +15.00% $9.9M
IGE Integrated Green Energy Soluti 0.12 +15.00% $45.3M
AGD Austral Gold Ltd 0.08 +14.71% $43.6M
BOC Bougainville Copper Ltd 0.25 +13.95% $98.3M
SIL Smiles Inclusive Ltd 0.04 +12.90% $4.7M
OIL Optiscan Imaging Ltd 0.04 +12.82% $20.7M

GOING DOWN

KalNorth Gold Mines Ltd (ASX:KGM) fell after announcing the results from a shareholder vote at its annual general meeting on Friday evening. Three motions, including the re-election of director Xiaojing Wang and the approval of a 10 per cent placement facility, were passed by shareholders.

Here are the worst performing ASX small cap stocks at 12pm on Monday, November 25:

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

Code Name Price % Chg Market Cap
KGM KalNorth Gold Mines Ltd 0.004 -33.33% $3.6M
GLV Global Vanadium Ltd 0.0015 -25.00% $4.7M
AAJ Aruma Resources Ltd 0.003 -25.00% $2.1M
LI3 Lithium Consolidated Ltd 0.03 -21.05% $3.7M
GGE Grand Gulf Energy Ltd 0.002 -20.00% $1.5M
ANL Amani Gold Ltd 0.002 -20.00% $12.1M
ARE Argonaut Resources NL 0.004 -20.00% $6.2M
DRE Dreadnought Resources Ltd 0.0065 -18.75% $11.0M
NUF Nufarm Ltd/Australia 5.1 -17.21% $1.9B
SRN Surefire Resources NL 0.0025 -16.67% $1.6M
IOD IODM Ltd 0.15 -16.67% $80.9M
ADV Ardiden Ltd 0.003 -14.29% $5.1M
ICI iCandy Interactive Ltd 0.03 -13.51% $10.8M
ESE eSense-Lab Ltd 0.013 -13.33% $2.5M
SVD ScandiVanadium Ltd 0.007 -12.50% $2.5M
PWN Parkway Minerals NL 0.007 -12.50% $8.5M
NWE Norwest Energy NL 0.0035 -12.50% $14.2M
FTT Factor Therapeutics Ltd 0.0035 -12.50% $3.6M
EM1 Emerge Gaming Ltd 0.015 -12.50% $9.8M