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 Code Name Last Price Percentage Change Market Cap Volume
DTR Dateline Resources Ltd 0.003 50% $22,900,000 566.7k
GPP Greenpower Energy Ltd 0.003 50% $4,700,000 1.7M
MSR Manas Resources Ltd 0.004 33% $10,600,000 60.0k
FSG Field Solutions Holdings Ltd 0.02 31% $6,900,000 45.0k
CHZ Chesser Resources Ltd 0.05 29% $11,000,000 576.5k
HOR Horseshoe Metals Ltd 0.014 27% $2,700,000 31.8k
MEU Marmota Ltd 0.02 27% $12,400,000 5.4M
OEX Oilex Ltd 0.005 25% $12,900,000 3.2M
PSM Peninsula Mines Ltd 0.005 25% $3,500,000 100.0k
WBE Whitebark Energy Ltd 0.005 25% $7,900,000 580.0k
ODM Odin Metals Ltd 0.14 22% $21,500,000 5.0k
AYR Alloy Resources Ltd 0.003 20% $4,700,000 200.0k
NVO NVOI Ltd 0.006 20% $4,700,000 414.7k
GMC Gulf Manganese Corp Ltd 0.006 17% $25,700,000 4.2M
SPX Spectrum Metals Ltd 0.02 17% $25,200,000 22.7M
AD1 ApplyDirect Ltd 0.015 15% $6,400,000 55.3k
PXX Polarx Ltd 0.07 15% $22,000,000 832.6k
FTT Factor Therapeutics Ltd 0.004 14% $4,200,000 2.0M
LSR Lodestar Minerals Ltd 0.008 14% $6,000,000 750.0k
QFY Quantify Technology Holdings L 0.008 14% $7,800,000 6.9M

 

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 Code Name Last Price Percentage Change Market Cap Volume
OSL OncoSil Medical Ltd 0.05 -70% $30,900,000 30.8M
NAE New Age Exploration Ltd 0.005 -29% $4,400,000 352.6k
T3D 333D Ltd 0.002 -25% $1,300,000 100.0k
SRO Shareroot Ltd 0.002 -25% $2,400,000 8.2M
AGJ Agricultural Land Trust 0.03 -23% $3,000,000 25.3k
MTB Mount Burgess Mining NL 0.004 -20% $2,300,000 35.7k
NUH Nuheara Ltd 0.06 -19% $51,000,000 8.0M
MRV Moreton Resources Ltd 0.005 -17% $15,500,000 1.7M
MGT Magnetite Mines Ltd 0.005 -17% $3,700,000 1.5M
GLV Global Vanadium Ltd 0.003 -17% $7,100,000 2.6M
PSA Petsec Energy Ltd 0.08 -16% $31,000,000 622.1k
NTI Neurotech International Ltd 0.02 -14% $2,400,000 685.6k
TPD Talon Petroleum Ltd 0.003 -14% $5,000,000 23.6k
KEY Key Petroleum Ltd 0.006 -14% $8,400,000 463.0k
CTM Centaurus Metals Ltd 0.006 -14% $13,800,000 62.5k
VLT Vault Intelligence Ltd 0.16 -14% $16,000,000 28.9k
TV2 TV2U International Ltd 0.007 -13% $15,100,000 3.0M
KMT Kopore Metals Ltd 0.014 -13% $7,600,000 522.6k
COY Coppermoly Ltd 0.007 -13% $12,100,000 86.2k
BLY Boart Longyear Ltd 0.004 -13% $105,200,000 501.0k