It’s been almost three years since Australia’s central bank moved interest rates, but that could be about the change today.

Based on market pricing, it’s almost a lock that the RBA will cut rates to 1.25 per cent at 2:30pm (AEST).

As a sidenote, here’s how the market reacted way back when the last time rates were cut.

It will all follow a bad result for April retail sales data that dropped this morning, which slumped unexpectedly, led by falls in NSW and Victoria.

Amid a possible shift in the macroeconomic winds, the ASX Small Ords is on track for its fifth consecutive fall.

As at 12:15pm AEST, the index had fallen by another 0.49 per cent to 2,755.20.

Going up

It’s been a big morning for Africa-based gold miner Predictive Discovery (ASX: PDI), which shot out of the blocks and by midday had posted a 200 per cent gain for the session.

The company announced a key discovery at its Ferkessedougou North project in northern Cote D’Ivoire, where it found “thick gold intercepts” within a mineral body that’s 100 metres wide and at least 210 metres long.

Also benefitting off the gold find was Aurora Minerals (ASX: ARM), which almost doubled in morning trade courtesy of its 21.9 per cent shareholding in PDI.

Here are the best performing ASX small cap stocks at lunchtime, Tuesday June 4:

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

Code Name Price (11.45am) % Chg Market Cap Volume
PDI Predictive Discovery Ltd 0.03 +200.00% 2.66m 141.3M
ARM Aurora Minerals Ltd 0.02 +81.82% 1.29m 2.0M
AYR Alloy Resources Ltd 0 +50.00% 3.39m 851.0k
AAJ Aruma Resources Ltd 0 +33.33% 3.10m 1.5M
NES Nelson Resources Ltd 0.07 +27.27% 2.34m 200.0k
CY5 Cygnus Gold Ltd 0.05 +25.00% 1.80m 96.0k
BAS Bass Oil Ltd 0 +25.00% 5.21m 1.0M
SCL Schrole Group Ltd 0.01 +22.22% 4.99m 2.7M
CDT Castle Minerals Ltd 0.01 +20.00% 1.34m 183.1k
MTH Mithril Resources Ltd 0.01 +20.00% 2.11m 200.0k
SYA Sayona Mining Ltd 0.01 +20.00% 17.2m 2.2M
CLQ Clean TeQ Holdings Ltd 0.33 +20.00% 205.3m 3.7M
CG1 Carbonxt Group Ltd 0.37 +17.74% 32.41m 49.8k
OLI Oliver's Real Food Ltd 0.04 +14.71% 6.09m 2.9M
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Going down

On the other side of the ledger, there was the usual round of falls among mining and resources that typically trade in low liquidity.

Metals Australia (ASX: MLS) dipped by a third to 0.1 cents on news, with similar falls for Adcorp Australia (ASX: AAU) and Torian Resources (ASX: TNR).

Here are the worst performing ASX small cap stocks at lunchtime, Tuesday June 4:

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

Code Name Price (11.30am) % Chg Market Cap Volume
MLS Metals Australia Ltd 0.001 -33.33% 2.69m 130.0k
AAU Adcorp Australia Ltd 0.01 -30.00% 4.55m 141.5k
TNR Torian Resources Ltd 0.01 -26.67% 3.82m 370.0k
SMI Santana Minerals Ltd 0.003 -25.00% 2.7m 500.0k
PWN Parkway Minerals NL 0.003 -25.00% 2.43m 96.7k
MHC Manhattan Corp Ltd 0.0015 -25.00% 3.71m 130.4k
LRS Latin Resources Ltd 0.0015 -25.00% 3.51m 255.0k
GPP Greenpower Energy Ltd 0.0015 -25.00% 1.69m 44.0k
UUV UUV Aquabotix Ltd 0.01 -25.00% 2.45m 2.5M
FSG Field Solutions Holdings Ltd 0.02 -22.73% 9.46m 3.0k
KTA Krakatoa Resources Ltd 0.02 -20.00% 2.94m 68.7k
QGL Quantum Graphite Ltd 0.002 -20.00% 15.1m 10.0M
NWE Norwest Energy NL 0.002 -20.00% 6.67m 2.2M
ANL Amani Gold Ltd 0.002 -20.00% 10.43m 428.3k
ENX Enegex Ltd 0.01 -20.00% 800k 395.2k
ELT Elementos Ltd 0.005 -20.00% 7.72m 400.0k
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