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

 

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