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.

CodeNamePrice (11.45am)% ChgMarket CapVolume
PDIPredictive Discovery Ltd0.03+200.00%2.66m141.3M
ARMAurora Minerals Ltd0.02+81.82%1.29m2.0M
AYRAlloy Resources Ltd0+50.00%3.39m851.0k
AAJAruma Resources Ltd0+33.33%3.10m1.5M
NESNelson Resources Ltd0.07+27.27%2.34m200.0k
CY5Cygnus Gold Ltd0.05+25.00%1.80m96.0k
BASBass Oil Ltd0+25.00%5.21m1.0M
SCLSchrole Group Ltd0.01+22.22%4.99m2.7M
CDTCastle Minerals Ltd0.01+20.00%1.34m183.1k
MTHMithril Resources Ltd0.01+20.00%2.11m200.0k
SYASayona Mining Ltd0.01+20.00%17.2m2.2M
CLQClean TeQ Holdings Ltd0.33+20.00%205.3m3.7M
CG1Carbonxt Group Ltd0.37+17.74%32.41m49.8k
OLIOliver's Real Food Ltd0.04+14.71%6.09m2.9M

 

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.

CodeNamePrice (11.30am)% ChgMarket CapVolume
MLSMetals Australia Ltd0.001-33.33%2.69m130.0k
AAUAdcorp Australia Ltd0.01-30.00%4.55m141.5k
TNRTorian Resources Ltd0.01-26.67%3.82m370.0k
SMISantana Minerals Ltd0.003-25.00%2.7m500.0k
PWNParkway Minerals NL0.003-25.00%2.43m96.7k
MHCManhattan Corp Ltd0.0015-25.00%3.71m130.4k
LRSLatin Resources Ltd0.0015-25.00%3.51m255.0k
GPPGreenpower Energy Ltd0.0015-25.00%1.69m44.0k
UUVUUV Aquabotix Ltd0.01-25.00%2.45m2.5M
FSGField Solutions Holdings Ltd0.02-22.73%9.46m3.0k
KTAKrakatoa Resources Ltd0.02-20.00%2.94m68.7k
QGLQuantum Graphite Ltd0.002-20.00%15.1m10.0M
NWENorwest Energy NL0.002-20.00%6.67m2.2M
ANLAmani Gold Ltd0.002-20.00%10.43m428.3k
ENXEnegex Ltd0.01-20.00%800k395.2k
ELTElementos Ltd0.005-20.00%7.72m400.0k