Heading into today’s trading session, the ASX had just lodged its worst five-day run since 2011.

At this point, surely a few buyers were ready to step in and buy the dip…right? Wrong.

The COVID-19 virus appears to be fast-becoming a global pandemic, and markets have officially hit the panic button.

World Health Organisation boss Dr Tedros Ghebreyesus stopped short of that assessment, but said the virus has “pandemic potential”.

Overnight, more new cases were reported outside of China branching out from the current epicentres of Italy and Iran.

That coincided with an all-out bloodbath on US markets, where the S&P500 crashed by more than 4 per cent.

In response, the ASX200 slumped by another 3.15 per cent in morning trade to 6,449 points. Since just last week, the index has now entered into a technical correction — defined as a fall of 10 per cent or more.

The ASX Small Ords fell even further, down 3.95 per cent to 2,736 points.

Amid a historic bout of selling, here’s the (smaller than usual) list of small caps that posted a gain in morning trade:

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Friday February 28:

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CODE NAME PRICE % CHANGE MARKET CAP
RFN Reffind 0.004 +33.33% $3.4M
SUD Suda Pharmaceuticals 0.07 +29.63% $10.0M
PSZ PS&C 0.03 +28.57% $9.5M
NSX NSX 0.24 +26.32% $44.8M
CLZ Classic Minerals 0.0025 +25.00% $14.4M
CZN Corazon Mining 0.0025 +25.00% $6.0M
PPG Pro-Pac Packaging 0.12 +21.21% $97.3M
VUL Vulcan Energy Resources 0.29 +20.83% $14.1M
HWK Hawkstone Mining 0.006 +20.00% $6.1M
QFY Quantify Technology 0.003 +20.00% $5.8M
REV Real Estate Investar Group 0.012 +20.00% $2.8M
BCC Beam Communications 0.25 +19.51% $13.0M
AUC Ausgold 0.02 +17.65% $21.0M
IFM Infomedia 2.15 +16.85% $684.4M
KTA Krakatoa Resources 0.04 +16.67% $7.7M
BEE Broo 0.014 +16.67% $9.8M
BLZ Blaze International 0.014 +16.67% $2.9M
TOE Toro Energy 0.007 +16.67% $17.4M
VOR Vortiv 0.007 +16.67% $19.5M
WNB Wellness and Beauty Solutions 0.0035 +16.67% $3.6M

 

Antipa Minerals (ASX:AZY)

The $22m company led the pack after signing a $60m farm-in deal with gold major Newcrest Mining (ASX:NCM).

The deal covers a 2,180sqkm chunk of Antipa’s remaining ground in the Paterson, now known as the Wilki project.

As part of the agreement, Newcrest will also take a 9.9 per cent stake in Antipa by subscribing for $3.9m in shares at 1.7c per share — a 54 per cent premium to its last closing price.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Friday February 28:

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CODE NAME PRICE % CHANGE MARKET CAP
ZGL Zicom Group Ltd 0.07 -40.83% $15.4M
OVT Ovato Ltd 0.04 -31.03% $29.3M
KNM KNeoMedia Ltd 0.012 -29.41% $9.1M
MEU Marmota Ltd 0.03 -26.19% $26.2M
ROG Red Sky Energy Ltd 0.0015 -25.00% $2.4M
LRS Latin Resources Ltd 0.003 -25.00% $1.1M
ESE eSense-Lab Ltd 0.006 -25.00% $1.1M
HE8 Helios Energy Ltd 0.1 -23.08% $154.0M
SUP Superior Lake Resources Ltd 0.007 -22.22% $7.6M
TMT Technology Metals Australia Ltd 0.09 -21.82% $9.2M
EOL Energy One Ltd 2.66 -21.76% $59.1M
TTA TTA Holdings Ltd 0.011 -21.43% $1.5M
VAL Valor Resources Ltd 0.002 -20.00% $3.8M
ESR Estrella Resources Ltd 0.008 -20.00% $4.3M
DDD 3D Resources Ltd 0.002 -20.00% $2.8M
ODA Orcoda Ltd 0.16 -20.00% $17.4M
FRM Farm Pride Foods Ltd 0.23 -19.30% $12.7M
CR1 Constellation Resources Ltd 0.17 -19.05% $6.0M
MEL Metgasco Ltd 0.03 -19.05% $13.3M
MDI Middle Island Resources Ltd 0.009 -18.18% $15.9M