The ASX got off to another steady start today as geo-political tensions continue to dominate the news headlines.

For now, the threat of COVID-19 appears to have taken a back seat in the US following George Floyd’s death in custody last week.

And as protests against policy brutality continued across the country, President Trump made his first public comments for some time earlier this morning.

Trump said he’d recommended that all US state governors should deploy the US National Guard “in sufficient numbers that we dominate the streets”.

Referring to himself as the “law and order President” (here’s the theme song to the TV show of the same name, if you’re keen for a musical accompaniment), Trump said that if state authorities don’t oblige he will give federal orders to deploy the US military instead and “solve the problem for them”.

Under heavy security, Trump then made his way across the street to a local church that had been vandalised (while some Aussie journos got a touch-up from local police forces), where he posed with a Bible (which he held upside down).

Amid the prospect that the US may soon enforce a military crackdown on its own citizens, local stocks held firm in the morning session.

But shortly after midday EST, the ASX200 had dipped into the red while the Small Ords Index was trading 0.2 per cent higher at 2,675.


Here are the best performing ASX small cap stocks at 12pm on Tuesday June 2:

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CLZ Classic Minerals Ltd 0.002 100.00% $8.2M
CFE Cape Lambert Resources 0.003 50.00% $4.6M
CCE Carnegie Clean 0.0015 50.00% $16.6M
YPB YPB Group Ltd 0.003 50.00% $5.1M
AAJ Aruma Resources Ltd 0.005 37.50% $3.6M
TYM Tymlez Group 0.043 26.47% $6.6M
CXZ Connexion Media Ltd 0.02 25.00% $16.4M
DTM Dart Mining NL 0.074 23.33% $4.8M
DXN DXN 0.016 23.08% $16.8M
SEI Speciality Metals 0.041 20.59% $37.6M
AMI Aurelia Metals 0.42 18.31% $310.3M
MCT Metalicity 0.009 18.75% $11.1M
BNO Bionomics 0.057 18.75% $26.1M
ANA Ansila Energy NL 0.02 17.65% $8.7M
OPY Openpay 1.9 16.21% $153.4M
FXL Flexiroam Ltd 0.015 15.38% $453.6M
RLG Roolife Group Ltd 0.023 15.00% $6.8M
AFP AFT Pharmaceuticals 4.7 14.91% $411.0M
OEC Orbital Corporation 0.8 17.65% $52.8M
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Shares in junior explorer Aruma Resources (ASX:AAJ) ticked higher, after the company announced it had identified some “highly anomalous gold mineralisation” following a desk top study at its Melrose gold project in WA’s Pilbara.

Aurelia Metals (ASX:AMI) was also among the winners following a production update for the June quarter.

The company said gold production came in at 16,300 ounces for the June quarter to-date (May 31), already higher than the March quarter figure of 14.3 koz.


Here are the worst performing ASX small cap stocks at 12pm on Tuesday June 2:

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DCG Decmil Group 0.099 -50.50% $23.7M
XPE XPED 0.001 -33.33% $2.7M
ALT Analytica Ltd 0.002 -33.33% $3.5M
VAL Valor Resources 0.002 -33.33% $3.8M
FGO Flamingo 0.001 -33.33% $1.1M
PGY Pilot Energy 0.018 -25.00% $1.8M
BSM Bass Metals Ltd 0.003 -25.00% $8.4M
CTO Citigold Corporation 0.004 -20.00% $9.7M
RMX Red Mountain Mining 0.004 -20.00% $3.5M
RFN Reffind Ltd 0.002 -20.00% $2.1M
LML Lincoln Minerals Ltd 0.004 -20.00% $2.3M
AV1 Adveritas 0.09 -18.18% $21.7M
GTG Genetic Technologies Ltd 0.005 -16.67% $37.6M
ADY Admiralty Resources 0.01 -16.67% $11.6M
CPH Creso Pharma 0.058 -14.71% $13.9M
BUD Buddy Platform 0.012 -14.29% $28.6M
CBE Cobre 0.15 -13.89% $16.0M
EUR European Lithium 0.061 -12.86% $38.7M
DRE Dreadnought Resources 0.007 -12.50% $13.1M
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Leading the laggards was infrastructure company Decmil Group (ASX:DCG), following the announcement of a $50m capital raise on the back of a tough six months, which DCG largely blamed on two problematic clients who weren’t paying their bills.