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Lunchtime ASX small cap wrap: Who’s getting cabin fever today?
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We’ve almost reached the end of March, and what a long year month it’s been.
In most major economies, the health-crisis component of the COVID-19 pandemic is still escalating. And until that trend 1. slows 2. pauses and 3. reverses, it’s a good bet that everyone’s in lockdown until further notice.
With everyone confined to their house, social media provided an inside scoop on what the evil toilet paper hoarders have been up to:
https://twitter.com/jbillinson/status/1244294653932904449
And while the number of positive test cases are increasing, the number of optimistic assessments about the long-term impact on the global economy appear to be decreasing.
As a general rule, double-digit economic contractions aren’t positively correlated with strong company earnings and rising stock prices.
But amid the uncertainty, local markets have made a tentatively positive start to the week this morning.
Heading into midday trade, the ASX200 was up by around 1.4 per cent after tanking into the close on Friday to finish over 5 per cent lower.
The broader Small Ords index was a bit more cautious, treading water to be 0.14 per cent lower.
WINNERS
Here are the best performing ASX small cap stocks at 12pm Monday March 30:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
|---|---|---|---|---|
| CDY | Cellmid | 0.275 | 177.78% | $27.1M |
| AYR | Alloy Resources Ltd | 0.002 | 100.00% | $2.3M |
| MGT | Magnetite Mines | 0.002 | 100.00% | $965K |
| GNX | Genex Power Ltd | 0.145 | 64.77% | $58.3M |
| CE1 | Calima Energy | 0.003 | 50.00% | $6.5M |
| ARO | Astro Resources NL | 0.003 | 50.00% | $3.8M |
| DCL | Domacom Australia | 0.03 | 50.00% | $7.4M |
| CLZ | Classic Minerals Ltd | 0.002 | 50.00% | $7.4M |
| LRS | Latin Resources Ltd | 0.003 | 50.00% | $1.1M |
| NXE | New Energy Minerals | 0.007 | 40.00% | $1.2M |
| MEB | Medibio Ltd | 0.007 | 40.00% | $7.0M |
| RAP | Resapp Health | 0.195 | 39.29% | $141.6M |
| DTS | Dragontail Systems | 0.135 | 35.00% | $33.6M |
| ECS | ECS Botanics Holdings | 0.026 | 30.00% | $13.2M |
| RMP | Red Emperor Resources | 0.009 | 28.57% | $4.7M |
| HMD | HeraMED | 0.15 | 25.00% | $15.6M |
| REX | Regional Express Holdings | 0.66 | 23.36% | $71.6M |
| CXL | Calix | 0.78 | 22.83% | $115.0M |
| TNY | Tinybeans Group | 0.955 | 17.18% | $43.1M |
| LCL | Los Cerros | 0.023 | 21.05% | $4.6M |
| TNT | Tesserent | 0.042 | 20.00% | $19.6M |
| MCA | Murray Cod AU | 0.12 | 20.00% | $67.2M |
| ESH | Esports Mogul Asia Pacific Ltd | 0.006 | 20.00% | $10.2M |
The life sciences company had some COVID-19 news that made it through the ASX’s stricter testing measures, and the stock soared.
Cellmid announced it had signed a supply agreement for a rapid COVID-19 diagnostic kit that can get results in no more than 15 minutes.
The kit is made by a Chinese manufacturer which has approval with Australia’s health regulator, the Therapeutic Goods Administration. Shares in Cellmid ripped higher by almost 200 per cent in morning trade.
LOSERS
Here are the worst performing ASX small cap stocks at 12pm Monday March 30:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | COMPANY | PRICE | CHANGE | MARKET CAP |
|---|---|---|---|---|
| DCG | Decmil Group | 0.086 | -78.90% | $98.1M |
| IQ3 | iQ3Corp Ltd | 0.11 | -38.89% | $11.4M |
| FXL | Flexiroam Ltd | 0.015 | -37.50% | $213.0M |
| GRV | Greenvale Energy | 0.011 | -35.29% | $1.2M |
| CIO | Connected IO | 0.002 | -33.33% | $4.8M |
| ADX | Adx Energy Ltd | 0.004 | -33.33% | $6.8M |
| RIM | Rimfire Pacific Mining NL | 0.002 | -33.33% | $4.5M |
| FGO | Flamingo | 0.001 | -33.33% | $1.1M |
| OAR | Oakdale Resources Ltd | 0.002 | -33.33% | $1.7M |
| DDD | 3D Resources Ltd | 0.001 | -33.33% | $1.4M |
| ERL | Empire Resources Ltd | 0.006 | -25.00% | $6.4M |
| DAV | Davenport Resources | 0.03 | -25.00% | $6.7M |
| WRM | White Rock Minerals Ltd | 0.003 | -25.00% | $7.5M |
| CWX | Carawine Resources | 0.15 | -25.00% | $15.5M |
| BXN | Bioxyne Ltd | 0.007 | -22.22% | $5.8M |
| BAR | Barra Resources Ltd | 0.011 | -21.43% | $8.4M |
| BIQ | BuildingIQ Inc | 0.004 | -20.00% | $1.9M |
| RED | Red 5 | 0.19 | -19.15% | $292.6M |
| EGR | Ecograf | 0.04 | -16.67% | $12.3M |
| CXM | Centrex Metals | 0.025 | -16.67% | $7.9M |
| 9SP | 9 Spokes Intl | 0.01 | -16.67% | $12.2M |
| AMB | Ambition Group Ltd | 0.05 | -16.67% | $3.4M |
| IPT | Impact Minerals Ltd | 0.005 | -16.67% | $7.8M |
| FFC | FarmaForce Ltd | 0.075 | -16.67% | $9.7M |
The construction and engineering group rejoined the ASX boards after more than a month on the sidelines in a self-imposed suspension.
Decmil released its half-year results to the market on Friday and recommenced trading today. Heading into midday trade, the stock price had fallen by around 80 per cent.
