ASX stocks have made a positive start to the week, as markets tread water while the global corona crisis continues to escalate.

It follows a weak lead from the S&P500 on Friday night, but as has often been the case since the COVID-19 selloff began, the price action in US markets hasn’t flowed through to the ASX open like it usually does.

As for the health crisis itself, that shows no signs of letting up anytime soon. US infectious disease expert Anthony Fauci told Americans to prepare for another tough week, as the death toll in major centres continued to climb sharply.

And US surgeon general Jerome Adams invoked both Pearl Harbor and 9/11 in a public address to US citizens, where he said the week ahead would be one of their “hardest and saddest”.

And across the pond, Queen Elizabeth harkened back to Royal Family broadcasts during World War II as she encouraged Britons to show unity and resolve in an address to the nation overnight.

Back on local markets, the ASX climbed to 5,192.60 points into midday trade — good enough for a gain of 2.44 per cent. The Small Ords index was up 2.2 per cent at 2,140.60 points.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Monday April 6:

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CODE COMPANY PRICE % CHANGE MARKET CAP
TOU Tlou Energy Ltd 0.082 105.00% $18.0M
UUV UUV Aquabotix 0.002 100.00% $682K
QGL Quantum Graphite 0.031 47.62% $4.6M
MSG MCS Services Ltd 0.014 40.00% $1.9M
LMG Latrobe Magnesium Ltd 0.008 33.33% $7.9M
PUR Pursuit Minerals 0.004 33.33% $1.1M
LCT Living Cell Technologies 0.012 33.33% $5.1M
SHO Sportshero 0.004 33.33% $1.3M
SKN Skin Elements 0.047 30.56% $15.9M
3DA Amaero Intl 0.13 31.31% $22.7M
LIT Lithium Australia 0.053 35.90% $29.6M
FEL Fe Ltd 0.013 30.00% $6.4M
CNB Carnaby Resources 0.045 28.57% $4.3M
MSB Mesoblast 1.73 28.62% $924.1M
ADY Admiralty Resources 0.005 25.00% $5.8M
BNL Big Star Energy 0.005 25.00% $2.9M
ARE Argonaut Resources N L 0.005 25.00% $7.9M
CE1 Calima Energy 0.005 25.00% $10.8M
EXL Elixinol Global 0.34 23.64% $37.9M
MWY MGM Wireless Ltd 0.105 23.53% $12.1M
MDC Medlab Clinical Ltd 0.29 23.40% $54.8M
PKO Peako 0.011 22.22% $1.1M
HMD HeraMED 0.165 22.22% $14.0M

Tlou Energy Limited (ASX:TOU)

It was a big morning for the Botswana-based energy producer, which is also listed on London’s secondary AIM exchange and the Botswana Stock Exchange.

The company announced it had reached an interim agreement with the Botswana Power Corporation for a 2 megawatt power purchase agreement. Shares in Tlou doubled in morning trade.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Monday April 6:

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CODE COMPANY PRICE % CHANGE MARKET CAP
AYR Alloy Resources Ltd 0.001 -33.33% $2.3M
MPH Mediland Pharm 0.1 -33.33% $31.3M
HPR High Peak Royalties Ltd 0.06 -33.33% $17.0M
SI6 Six Sigma Metals 0.001 -33.33% $645K
ICU Isentric Ltd 0.006 -33.33% $1.2M
AVE Avecho Bio 0.002 -20.00% $3.2M
BOA Boadicea Resources Ltd 0.18 -18.18% $12.2M
VMT Vmoto Ltd 0.145 -17.14% $39.8M
BAT Battery Minerals 0.005 -16.67% $7.9M
AHL Ahalife Holdings 0.005 -16.67% $8.0M
TGO Trimantium Growthops 0.05 -16.67% $9.1M
ATP Atlas Pearls and Perfumes 0.005 -16.67% $2.6M
VRC Volt Resources 0.005 -16.67% $10.4M
ITG Intega 0.18 -18.18% $98.0M
MLL Birimian 0.047 -14.55% $14.9M
MEB Medibio Ltd 0.006 -14.29% $6.0M
MAY Melbana Energy 0.003 -14.29% $7.0M
BBL Brisbane Broncos Ltd 0.35 -12.50% $34.3M