It was shaping up as a rough session on local markets ahead of the opening bell, after US stocks tanked on Friday amid a weakening outlook for the global economy and more rumblings in the bond market.

And the smaller end of the market hasn’t been spared this morning, with the ASX Small Ordinaries down more than 1.8 per cent to 2,713 in midday trade — on track for its biggest daily fall since December.

WINNERS

Jeremy Lamb for the Hornets for starters. He kept his team in the playoffs with this best buzzer beater of 2019:

Mental. Back to business.

Alaska-focused Zinc miner White Rock Minerals (ASX:WRM) got a boost this morning, following news that the $1.1 billion Sandfire Resources (ASX:SFR) could inject up to $30 million in the company, in return for a 70 per cent stake.

Shares in the minnow jumped 20 per cent to 0.6 cents, while Sandfire was almost 5 per cent lower.

The big moves were in penny stocks in early trade, with the top 10 best performers in percentage terms each valued at less than one cent.

Here are the best performing ASX small cap stocks at midday on Monday, March 25:

ASX CodeNameLast PricePercentage ChangeMarket CapVolume
DTR Dateline Resources Ltd0.00350%$22,900,000566.7k
GPP Greenpower Energy Ltd0.00350%$4,700,0001.7M
MSR Manas Resources Ltd0.00433%$10,600,00060.0k
FSG Field Solutions Holdings Ltd0.0231%$6,900,00045.0k
CHZ Chesser Resources Ltd0.0529%$11,000,000576.5k
HOR Horseshoe Metals Ltd0.01427%$2,700,00031.8k
MEU Marmota Ltd0.0227%$12,400,0005.4M
OEX Oilex Ltd0.00525%$12,900,0003.2M
PSM Peninsula Mines Ltd0.00525%$3,500,000100.0k
WBE Whitebark Energy Ltd0.00525%$7,900,000580.0k
ODM Odin Metals Ltd0.1422%$21,500,0005.0k
AYR Alloy Resources Ltd0.00320%$4,700,000200.0k
NVO NVOI Ltd0.00620%$4,700,000414.7k
GMC Gulf Manganese Corp Ltd0.00617%$25,700,0004.2M
SPX Spectrum Metals Ltd0.0217%$25,200,00022.7M
AD1 ApplyDirect Ltd0.01515%$6,400,00055.3k
PXX Polarx Ltd0.0715%$22,000,000832.6k
FTT Factor Therapeutics Ltd0.00414%$4,200,0002.0M
LSR Lodestar Minerals Ltd0.00814%$6,000,000750.0k
QFY Quantify Technology Holdings L0.00814%$7,800,0006.9M

 

LOSERS

Oncosil Medical (ASX: OSL) was a clear leader among the laggards, slumping by almost 70 per cent this morning after getting some bad news from UK medical authorities.

The biotech aims to treat liver and pancreatic cancer by implanting a tiny device directly into tumours with a needle to irradiate them.

However, the British Standards Institute concluded that “insufficient clinical benefit has been demonstrated to recommend approval” for Oncosil’s treatment.

Here are the worst performing ASX small cap stocks at midday on Monday, March 25:

ASX CodeNameLast PricePercentage ChangeMarket CapVolume
OSL OncoSil Medical Ltd0.05-70%$30,900,00030.8M
NAE New Age Exploration Ltd0.005-29%$4,400,000352.6k
T3D 333D Ltd0.002-25%$1,300,000100.0k
SRO Shareroot Ltd0.002-25%$2,400,0008.2M
AGJ Agricultural Land Trust0.03-23%$3,000,00025.3k
MTB Mount Burgess Mining NL0.004-20%$2,300,00035.7k
NUH Nuheara Ltd0.06-19%$51,000,0008.0M
MRV Moreton Resources Ltd0.005-17%$15,500,0001.7M
MGT Magnetite Mines Ltd0.005-17%$3,700,0001.5M
GLV Global Vanadium Ltd0.003-17%$7,100,0002.6M
PSA Petsec Energy Ltd0.08-16%$31,000,000622.1k
NTI Neurotech International Ltd0.02-14%$2,400,000685.6k
TPD Talon Petroleum Ltd0.003-14%$5,000,00023.6k
KEY Key Petroleum Ltd0.006-14%$8,400,000463.0k
CTM Centaurus Metals Ltd0.006-14%$13,800,00062.5k
VLT Vault Intelligence Ltd0.16-14%$16,000,00028.9k
TV2 TV2U International Ltd0.007-13%$15,100,0003.0M
KMT Kopore Metals Ltd0.014-13%$7,600,000522.6k
COY Coppermoly Ltd0.007-13%$12,100,00086.2k
BLY Boart Longyear Ltd0.004-13%$105,200,000501.0k