An unprecedented $US2 trillion ($3.36 trillion) stimulus package, designed to blunt COVID-19’s impact on the world’s #1 economy, is close to being finalised.

That rescue package added fresh positivity into markets, pushing the Dow to its biggest one-day percentage gain since 1933.

European share markets posted their biggest one-day gains since 2008. Australian shares also rallied after Monday’s 6 per cent fall.

The pending US stimulus package also nudged beleaguered oil prices slightly higher. Iron ore rose 5.1 per cent to $US84.30 a tonne, ‘Doctor Copper’ was up 4 per cent, while gold is going through the proverbial roof right now at $US1,627/oz (or $2,730/oz in Aussie dollar terms).

The ASX is green again Wednesday, with lots of winners to choose from this morning.

 

SMALL CAP WINNERS

Here are the best performing ASX small cap stocks at 12pm Wednesday March 25:

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CODE COMPANY PRICE CHANGE MARKET CAP
AWV Anova Metals 0.008 100.00% $5.5M
LSH Lifespot Health 0.041 86.36% $3.0M
HMD HeraMED 0.12 71.43% $12.5M
ADX Adx Energy 0.006 50.00% $10.2M
EXP Experience 0.05 47.06% $27.8M
ECS ECS Botanics 0.023 43.75% $10.7M
ERX Exore Resources 0.031 40.91% $17.5M
9SP 9 Spokes 0.014 40.00% $17.0M
SCI Silver City Minerals 0.007 40.00% $2.6M
TLM Talisman Mining 0.078 39.29% $14.6M
NVX Novonix 0.34 36.00%
LPD Lepidico 0.008 33.33% $37.1M
PRX ABM Resources 0.04 33.33% $23.2M
CXZ Connexion Media 0.012 33.33% $7.8M
AO1 Assetowl 0.004 33.33% $904K
INF Infinity Lithium 0.04 33.33% $6.4M
TGA Thorn Group 0.05 31.58% $12.3M
LBT LBT Innovations Ltd 0.105 25.00% $18.8M
APT Afterpay Touch 14.69 31.04% $3.0B
RXM Rex Minerals 0.038 31.03% $9.0M
SW1 Swift Networks 0.017 30.77% $2.5M
PDN Paladin Energy 0.056 30.23% $87.2M
DEG De Grey Mining 0.265 29.27% $219.8M

Infinity Lithium (ASX:INF) is up +40 per cent after penning a non-binding investment and project collaboration deal with EU-backed fund InnoEnergy to develop the San José lithium project in Spain.

Digital health minnow Lifespot Health (ASX:LSH) climbed +85 per cent after announcing it was expanding its platform to help track fevers as a result of the COVID-19 pandemic.

HeraMED (ASX:HMD)described as “Google Maps for pregnant women” – was up +70 per cent on no news.

 

SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks at 12pm Wednesday March 25:

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CODE COMPANY PRICE CHANGE MARKET CAP
BOT Botanix Pharma 0.027 -59.70% $65.2M
ANL Amani Gold 0.001 -50.00% $12.3M
IMM Immutep 0.155 -48.33% $117.5M
PSA Petsec Energy 0.016 -36.00% $10.0M
IMC Immuron 0.05 -33.33% $13.3M
GID GI Dynamics 0.002 -33.33% $5.5M
NEW Norwest Energy 0.002 -33.33% $14.2M
IBX Imagion Biosystems 0.011 -31.25% $8.2M
ENA Ensurance 0.01 -28.57% $8.0M
CHK Cohiba Minerals 0.003 -25.00% $2.7M
VVA Viva Leisure 0.7 -23.91% $55.3M
APH Australian Primary Hemp 0.051 -22.73% $4.6M
AVE Avecho Bio 0.002 -20.00% $3.2M
GNM Great Northern Minerals 0.004 -20.00% $1.7M
ONX Orminex 0.03 -18.92% $20.0M
CLV Clover Corporation 1.54 -17.65% $311.0M
BKY Berkeley Energy 0.1 -16.67% $31.0M
LOM Lucapa Diamond 0.071 -16.47% $42.2M
MMM Marley Spoon 0.575 -15.44% $107.8M

A dermatitis treatment being tested by pot stock Botanix (ASX:BOT) has failed to meet primary and secondary endpoints in a phase two clinical trial, sending the stock down almost 60 per cent in morning trade.

Northern Minerals (ASX:NTU) was punished after the WA rare earths producer suspended site operations at its Browns Range pilot plant due to the impact of the COVID-19 pandemic.