Positivity around US-China trade talks helped boost US sharemarkets on Friday, while European sharemarkets also rose on Friday to 5-month highs, as “investors were comforted by the week’s Brexit votes”, Commsec says.

But the Brexit deadline looms and the UK still hasn’t figured out what it wants.

Dutch PM Mark Rutte says UK Prime Minster Teresa May reminds him of this guy:

via GIPHY

“Look, I have every respect for Theresa May,” Mr Rutte said in an interview .

“She reminds me occasionally of that character from Monty Python where all the arms and legs are cut off but he then tells the opponent: ‘Let’s call it a draw.’

“She’s incredible. She goes on and on. At the same time, I do not blame her, but British politics.”

The ASX Small Ordinaries (ASO) – which measures the overall health of the small cap space – was up 0.34 per cent to 2794.9 points at about 12pm EST.

Here are the key ASX small cap winners and losers at lunch Friday March 15:

WINNERS:

Kingsgate Consolidated (ASX:KCN) shareholders have waited many moons for this: the company’s insurers had agreed to cough up for its cancelled Thai mine.

This morning Kingsgate gave shareholders the good news – insurers had agreed to an $82m payout. And shares were up nearly 87 per cent to an intra-day peak of 28c just to after market open.

IoT and smart spaces play Buddy (ASX: BUD) was also up 21 per cent to 7.5c after updating the market on its acquisition of smart lighting business LIFX.

Topping the charts was lithium explorer Latin Resources (ASX:LRS), up 255 per cent on no news.

Here are the best performing ASX small cap stocks at 12.30pm, Monday March 18.

ASX Code Name Last Price Percentage Change Market Cap Volume
NSE New Standard Energy 0.005 67% $3,900,000 2.9M
KCN Kingsgate Consolidated 0.25 63% $57,700,000 12.3M
APG Austpac Resources 0.002 50% $3,100,000 37.8M
EMP Emperor Energy 0.003 50% $2,900,000 500.0k
ICG Inca Minerals 0.005 25% $15,100,000 399.0k
LRS Latin Resources 0.003 255% $8,100,000 1.8M
EUR European Lithium 0.11 21% $60,900,000 1.0M
MLS Metals Australia 0.003 20% $7,000,000 5.5M
MTH Mithril Resources 0.006 20% $2,100,000 1.2M
NWC New World Cobalt 0.012 20% $6,600,000 120.0k
PMY Pacifico Minerals 0.006 20% $9,900,000 117.2k
RMX Red Mountain Mining 0.006 20% $4,700,000 830.0k
WCN White Cliff Minerals 0.006 20% $2,800,000 400.0k
BUD Buddy Platform 0.075 21% $79,300,000 4.4M
PDZ Prairie Mining 0.38 19% $80,700,000 276.8k
SPX Spectrum Metals 0.013 18% $13,700,000 45.3M
RD1 Registry Direct 0.04 18% $5,200,000 87.9k
GLV Global Vanadium 0.004 17% $9,900,000 1.0M
HGM High Grade Metals 0.007 17% $3,200,000 200.0k
NAE New Age Exploration 0.007 17% $6,200,000 4.9M

 

LOSERS

In January, Farm Pride Foods (ASX:FRM) said that finances were getting smashed by the national egg surplus, as well as  ongoing drought conditions which  impacted feed prices.

It also said “these unfavourable conditions are expected to continue for some time”.

Today, Farm Pride fell 27 per cent before the company went into a trading pause pending a further announcement.

Here are the worst performing ASX small cap stocks at 12.30pm, Monday March 18.

ASX Code Name Last Price Percentage Change Market Cap Volume
KKL Kollakorn 0.007 -30% $1,500,000 2.6k
FRM Farm Pride Foods 0.5 -27% $27,600,000 115.1k
T3D 333D 0.002 -25% $1,300,000 1.0M
MRD Mount Ridley Mines 0.003 -25% $3,500,000 290.0k
RLC Reedy Lagoon 0.004 -20% $1,600,000 137.6k
MNC Metminco 0.002 -20% $2,400,000 40.0k
AZI Alta Zinc 0.004 -20% $5,500,000 35.0k
MRV Moreton Resources 0.005 -16.67% $15,500,000 88.0k
KTA Krakatoa Resources 0.02 -16.67% $2,400,000 130.3k
CIO Connected IO 0.003 -16.67% $4,500,000 416
AYR Alloy Resources 0.003 -16.67% $3,900,000 399.1k
A4N Alpha HPA 0.1 -16.00% $59,500,000 600.0k
TPD Talon Petroleum 0.003 -14.29% $3,800,000 1.6M
SRZ Stellar Resources 0.012 -14.29% $4,600,000 100.0k
PDI Predictive Discovery 0.012 -14.29% $2,800,000 202.5k
FIJ Fiji Kava 0.08 -14.29% $5,900,000 53.2k
VAN Vango Mining 0.13 -13.79% $74,600,000 100.0k
WNB Wellness and Beauty Solutions 0.025 -13.79% $8,600,000 50.0k
ICU iSentric 0.013 -13.33% $2,400,000 3.3k