Earlier this week, Queen Elizabeth and Donald Trump met for the first time. And overnight, it was Scott Morrison’s turn.

Yes, ScoMo’s in London to visit the Queen. What did he bring? The autobiography of Winx. It was signed by author Andrew Rule as well as Winx’s owners.

OK, the main reason for his visit was to commemorate the 75th anniversary of D-Day and he will meet several world leaders but undoubtedly Her Majesty will be the most important figure he will meet.

Morrison also visited Prince Charles and has spoken to the Australian-UK Chamber of Commerce.

Back to the markets and they’re loving yesterday’s rate cut. Fresh from snapping a four-day losing streak yesterday the ASX Small Ords is up again, by 21 points to 2,771 or 0.75 per cent as of 11.30am.

This followed the US markets’ surge overnight after Jerome Powell hinted America may soon follow our lead.

Going up

Neurotech (ASX: NTI) has doubled today. As its name suggests it specialises in neurotechnology and this morning it launched a pilot version of its virtual clinic. Yet in responding to an ASX speeding ticket (Price & Volume query) the company said it did not consider this to be price sensitive.

Chinese tourist focused retailer Mediland Pharm (ASX: MPH) has now doubled since its IPO. It announced yesterday its Auckland store had achieved turnover of $2 million in just 6 weeks.

Here are the best performing ASX small cap stocks at lunchtime, Wednesday June 5:

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Code Name Price (11.30am) Change Market Cap Volume
NTI Neurotech International Ltd 0.03 1.0714 $3.7M 104.8M
CAD Caeneus Minerals Ltd 0.0015 0.5 $3.2M 50.0k
MLS Metals Australia Ltd 0.0015 0.5 $4.0M 200.0k
NOR Norwood Systems Ltd 0.004 0.3333 $9.3M 50.5M
FPL Fremont Petroleum Corp Ltd 0.013 0.3 $21.7M 52.3M
ANL Amani Gold Ltd 0.002 0.25 $10.4M 1.0M
MMR MEC Resources Ltd 0.005 0.25 $2.1M 123.1k
VIC Victory Mines Ltd 0.0025 0.25 $3.4M 2.0M
OPN OpenDNA Ltd 0.05 0.2045 $12.7M 3.2M
ARE Argonaut Resources NL 0.006 0.2 $9.3M 5.0M
FFC FarmaForce Ltd 0.15 0.2 $19.2M 30.4k
EPM Eclipse Uranium Ltd 0.003 0.2 $3.4M 2.5M
UTR Ultracharge Ltd 0.003 0.2 $3.2M 900.0k
RCL Readcloud Ltd 0.33 0.2 $29.3M 55.4k
MPH Mediland Pharm Ltd 0.41 0.1714 $128.2M 643.6k
MZN Marindi Metals Ltd 0.0035 0.1667 $6.4M 2.8M
PMY Pacifico Minerals Ltd 0.007 0.1667 $16.2M 500.0k
SER Strategic Energy Resources Ltd 0.007 0.1667 $6.3M 401.0k
AVA Ava Risk Group Ltd 0.17 0.1667 $41.0M 41.0k
QEM QEM Ltd 0.1 0.1667 $10.5M 10.0k

 

Going down

Dacian Gold (ASX: DCN) fell 62 per cent after a cut in its production guidance from 50-55,000oz to 36-38,000oz. The company blamed poor productivity and the failure of some equipment.

While it’s too big for us, it’s rare and noteworthy when a large cap loses over 10 per cent in a day as Vocus Communications (ASX: VOC) did – 19 per cent to be exact. Why? It announced potential acquirer EQT had walked away from discussions.

Here are the worst performing ASX small cap stocks at lunchtime, Wednesday June 5:

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Code Name Price (11.30am) Change Market Cap Volume
DCN Dacian Gold Ltd 0.59 -62.78% $133.2M 12.6M
LRS Latin Resources Ltd 0.001 -50.00% $3.5M 100.0k
SPB South Pacific Resources Ltd 0.002 -33.33% $333K 1.0M
KLH Kalia Ltd 0.001 -33.33% $2.5M 35.1M
DTR Dateline Resources Ltd 0.002 -33.33% $15.9M 67.5M
KGM KalNorth Gold Mines Ltd 0.003 -25.00% $2.7M 432.6k
COY Coppermoly Ltd 0.006 -25.00% $10.3M 429.5k
INF Infinity Lithium Corp Ltd 0.07 -20.93% $12.9M 345.6k
RGL Riversgold Ltd 0.02 -20.00% $1.8M 318.0k
BAS Bass Oil Ltd 0.002 -20.00% $5.2M 1.0M
VOC Vocus Group Ltd 3.7 -19.10% $2.3B 4.2M
FTT Factor Therapeutics Ltd 0.005 -16.67% $5.2M 71.0k
AUT Auteco Minerals Ltd 0.005 -16.67% $5.0M 590.4k
AQX Alice Queen Ltd 0.005 -16.67% $9.8M 4.3M
UUV UUV Aquabotix Ltd 0.016 -14.29% $1.9M 1.5M
SYT Syntonic Ltd 0.003 -14.29% $9.8M 2.5M
JHL Jayex Healthcare Ltd 0.05 -14.04% $8.5M 13.9k
TSN Transaction Solutions Internat 0.007 -12.50% $16.9M 1.4M
NWF Newfield Resources Ltd 0.19 -11.63% $110.4M 62.7k