Pic: Stevica Mrdja / EyeEm / EyeEm via Getty Images
Lunchtime ASX small cap wrap: Who’s living the quarantine dream today?
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Well it’s the start of a new week, and things are still escalating quickly.
As the global health crisis becomes more entrenched, there’s a not immaterial likelihood that each day will bring more bad news than good news in the weeks ahead.
So with that in mind, we ask Stockhead readers to buckle up; the collective resolve of policy makers, investors and society at large will be tested, but ultimately (we hope) “this too shall pass”.
In the meantime, stay on a vigilant lookout for companies — in fact any business, sole trader or street corner vendor — making outsized COVID-19 claims:
And we’d be remiss if we didn’t post some funny quarantine videos. This “here’s what professional wrestlers get up to at home” clip is pretty epic:
With all that in mind, we should probably get to the state of play on the Australian stock market (if you can bear to look).
A short time ago, the ASX Small Ords was down more than 10 per cent to 1,791.40 points, on track for its largest daily fall of the corona crisis. The ASX200 wasn’t faring much better, down 8.5 per cent at 4,405.40 points.
WINNERS
Here are the best performing ASX small cap stocks at 12pm Monday March 23:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| TMZ | Thomson Resources Ltd | 0.011 | 266.67% | $356K | 40.00K |
| BMG | BMG Resources Ltd | 0.002 | 100.00% | $585K | 250.00K |
| QFY | Quantify Tech | 0.002 | 100.00% | $1.9M | 1.00M |
| CHN | Chalice Gold Mines | 0.3 | 87.50% | $82.2M | 5.33M |
| SKN | Skin Elements | 0.029 | 31.82% | $7.8M | 7.01M |
| KNM | Kneomedia | 0.018 | 80.00% | $7.6M | 2.69M |
| KEY | Key Petroleum Ltd | 0.003 | 50.00% | $3.4M | 270.00K |
| MRG | Murray River Organics | 0.011 | 10.00% | $22.1M | 1.20M |
| RCL | ReadCloud | 0.32 | 20.75% | $25.9M | 147.24K |
| MTH | Mithril Resources | 0.006 | 20.00% | $2.5M | 448.98K |
| BLT | Benitec Biopharma Ltd | 0.026 | 18.18% | $7.1M | 55.34K |
| TPS | Threat Protect Australia | 0.07 | 16.67% | $14.5M | 77.82K |
| BIQ | BuildingIQ Inc | 0.007 | 16.67% | $2.2M | 620.08K |
| ALK | Alkane Resources | 0.63 | 13.51% | $321.9M | 6.48M |
| PAB | Patrys Ltd | 0.015 | 15.38% | $13.9M | 100.00K |
| BRN | Brainchip Holdings | 0.039 | 18.18% | $44.1M | 7.63M |
| MTC | Metalstech | 0.046 | 15.00% | $3.8M | 37.44K |
| AWY | Australian Whisky Holdings | 0.031 | 14.81% | $44.1M | 90.00K |
| SVA | Simavita | 0.016 | 14.29% | $7.2M | 64.06K |
| DTS | Dragontail Systems | 0.1 | 21.95% | $20.4M | 676.74K |
Since volatility spiked to all-time record highs, there’s been a number of instances of unusual price action where small-caps spike sharply on no news (the news has typically arrived a couple of days later).
This morning it was Thomson Resources — which is exploring for gold and tin in central NSW and has a market cap of just $360,000 — that ripped higher, posting a gain of more than 200 per cent in the absence of any ASX announcement.
LOSERS
Here are the worst performing ASX small cap stocks at 12pm Monday March 23:
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| ABL | Abilene Oil and Gas Ltd | 0.001 | -66.67% | $397K | 2.85K |
| DAF | Discovery Africa Ltd | 0.006 | -50.00% | $1.1M | 133.00K |
| HWK | Hawkstone Mining | 0.003 | -40.00% | $4.1M | 8.76M |
| ESH | Esports Mogul Asia Pacific Ltd | 0.003 | -40.00% | $10.2M | 9.66M |
| BET | Betmakers Technology | 0.099 | -34.00% | $71.1M | 4.63M |
| RAN | Range International | 0.008 | -33.33% | $2.9M | 966.24K |
| BYE | Byron Energy Ltd | 0.11 | -31.25% | $89.2M | 1.41M |
| CXZ | Connexion Media Ltd | 0.011 | -31.25% | $9.5M | 1.98M |
| HRR | Heron Resources | 0.031 | -31.11% | $13.3M | 233.35K |
| MAM | Microequities Asset Management | 0.15 | -30.23% | $28.6M | 309.39K |
| ATH | Alterity Therapeutics | 0.012 | -29.41% | $10.7M | 526.87K |
| CCX | City Chic Collective | 0.9 | -30.50% | $181.4M | 844.53K |
| CGB | Cann Global | 0.005 | -28.57% | $16.3M | 5.92M |
| INP | Incentiapay | 0.01 | -28.57% | $6.6M | 349.19K |
| ALG | Ardent Leisure | 0.145 | -25.64% | $67.2M | 2.73M |
| GIB | GIBB River Diamonds | 0.023 | -28.13% | $4.1M | 150.00K |
| FGR | First Graphene | 0.065 | -27.78% | $30.9M | 1.51M |
| NCK | Nick Scali | 2.9 | -28.40% | $223.6M | 319.58K |
| SRZ | Stellar Resources Ltd | 0.008 | -27.27% | $3.5M | 175.00K |
| AMO | Ambertech Ltd | 0.04 | -27.27% | $2.8M | 803.00K |
| HWH | Houston We Have Ltd | 0.011 | -26.67% | $3.9M | 662.17K |
| RLG | Roolife Group Ltd | 0.011 | -26.67% | $5.1M | 219.83K |
| SXL | Southern Cross Media | 0.182 | -25.51% | $188.4M | 2.90M |
| VRL | Village Roadshow | 0.98 | -26.49% | $261.6M | 222.95K |
| APT | Afterpay Touch | 9.12 | -26.69% | $3.3B | 7.26M |
