Global financial markets experienced a sharp sell-off this week as coronavirus fears escalated — along with it, concerns about a slowdown in the world’s #2 economy, China.

 

Performance of some of the world largest indices over the past week.

In the US, earnings season has been a mixed bag. Shares in Facebook dropped 6.1 per cent, but Microsoft, Tesla, and Amazon rose 2.8 per cent, 10.3 per cent and 10 per cent, respectively.

Electric carmaker Tesla is now up +100 per cent over the past three months. Sucks to be you, short sellers.

Today, the ASX200 (+0.4 per cent) and ASX Small Ords (0.52 per cent) had staged a small recovery to 7,036 and 2,994 points, respectively, by lunchtime.

Here are all your key small cap winners and losers in morning trade for Friday, January 31:

 

GOING UP:

Here are the best performing ASX small cap stocks at 12pm Friday January 31:

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

Ticker Name Price % Chg Market Cap
VPR Volt Power Group 0.002 +100.00% $18.0M
AGE Alligator Energy 0.003 +50.00% $4.2M
HHM Hampton Hill Mining 0.03 +40.00% $8.3M
PEK Peak Resources 0.05 +36.11% $60.0M
APG Austpac Resources 0.002 +33.33% $5.8M
DDD 3D Resources 0.002 +33.33% $2.3M
PRM Prominence Energy 0.002 +33.33% $2.6M
MEU Marmota 0.04 +25.00% $33.8M
MTC MetalsTech 0.04 +25.00% $4.7M
RBR RBR Group 0.011 +22.22% $8.7M
MMM Marley Spoon AG 0.37 +21.67% $54.7M
PAN Panoramic Resources 0.23 +21.62% $167.9M
GMC Gulf Manganese 0.006 +20.00% $31.4M
CLZ Classic Minerals 0.003 +20.00% $21.0M
AGD Austral Gold 0.09 +17.28% $53.1M
EQE Equus Mining 0.014 +16.67% $19.7M
PTB PTB Group 0.94 +16.15% $71.9M
STA Strandline Resources 0.12 +15.00% $42.9M

 

The winners column this morning is dominated by small cap resources players who are mostly up on no news.

Minnow 3D Resources (ASX:DDD) jumped 33 per cent after entering into a deal to buy the historic (but recently revamped) Adelong gold project in NSW.

For about $1.1m, 3D gets a bunch of walk-up, high-grade drill targets, a previously operating mine with existing 127,000oz gold resource plus ~$7m worth of plant and equipment.

And while the most recent owners had problems turning the project into a profitable mining operation, 3D is confident it knows where things went wrong.

READ: 3D believes it will succeed at the historic Adelong goldfield where others have failed

 

GOING DOWN:

Here are the worst performing ASX small cap stocks at 12pm Friday January 31:

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

Ticker Name Price % Chg Market Cap
WNB Wellness and Beauty Solutions 0.0075 -41.67% $7.2M
CCE Carnegie Clean Energy 0.001 -33.33% $11.1M
ADD Adavale Resources 0.03 -26.83% $4.8M
WML Woomera Mining 0.014 -26.32% $2.6M
IME ImExHS 0.03 -26.19% $36.4M
RMI Resource Mining Corp 0.007 -22.22% $2.1M
TYM Tymlez Group 0.03 -20.51% $4.6M
UUV UUV Aquabotix 0.002 -20.00% $1.0M
ROG Red Sky Energy 0.002 -20.00% $3.3M
DLC Delecta 0.004 -20.00% $2.8M
BMG BMG Resources 0.004 -20.00% $2.3M
IP1 Integrated Payment Technologie 0.009 -18.18% $2.8M
DRE Dreadnought Resources 0.005 -16.67% $8.8M
BSM Bass Metals 0.005 -16.67% $14.0M
IHR intelliHR 0.1 -15.65% $18.6M
NTI Neurotech International 0.01 -15.38% $1.4M
PMY Pacifico Minerals 0.006 -14.29% $17.3M
LAA LatAm Autos 0.03 -13.33% $15.4M

 

Wellness and Beauty Solutions (ASX:WNB) plummeted +40 per cent after saying that next quarter’s cash outflows are projected to be higher “due to an associated increase in stock production and costs related with completing rigorous product registration compliance required in international markets”.

On the plus side, sales receipts increased to $3.855m — a 76 per cent increase on the previous quarter.

 

And ImExHS (ASX:IME) got smacked after admitting that cashflow from operating activities was “not as strong as expected.”

The quarter presented several challenges, with the company learning important lessons on cash flow management “as we manage a fast growing, international business”, says IMEXHS chief exec Dr German Arango.

“We are working diligently to improve our internal controls and processes so that we can capitalise on the strong recurring revenue base we are building.”

READ: Quarterlies: The best and the worst of today’s 4Cs released on the ASX