Good afternoon. Here are the key ASX small cap winners at lunch Tuesday March 5.

The ASX Small Ords was down 26.3 points or 0.94 per cent to 2,762.9 at 12pm AEST, after edging to new 2019 highs in yesterday’s session.

GOING UP

Dental group Smiles Inclusive (ASX: SIL) led the market higher with an intra-day gain of more than 40 per cent.

The company announced this morning that it had renegotiated terms with its major lender, including a waiver of past breaches of its debt covenants.

Freehill Mining (ASX: FHS) also roared ahead, after hitting a high-grade iron ore deposit close to the surface at its Chilean mining project.

And blockchain logistics company Security Matters (ASX: SMX) was a standout performer, posting a gain of more than 30 per cent in morning trade.

It follows the announcement of a feasibility study with German multinational BASF, the global chemical producer.

The two companies will work to assess how SMX’s supply chain logistics technology can be used to improve BASF’s global operations.

And we couldn’t not mention this:

Abundant free gold from McNally’s Reef at the Morning Star mine.

That’s a chunk of gold AuStar sliced through at McNally’s Reef. It reckons it’s hitting some grades higher than 870 grams per tonne.

Woof.

Here are the best performing ASX small cap stocks at 11:45am Tuesday March 5:

ASX Code Name Last price Percentage change Market cap Volume
SIL Smiles Inclusive Ltd 0.19 43% $11,300,000 1.6M
FHS Freehill Mining Ltd 0.02 40% $13,900,000 2.7M
SMX Security Matters Ltd 0.61 34% $58,500,000 1.2M
CLZ Classic Minerals Ltd 0.002 33% $5,400,000 2.4M
LRS Latin Resources Ltd 0.002 33% $5,800,000 2.2M
RMP Red Emperor Resources NL 0.06 33% $29,900,000 25.0M
QFY Quantify Technology Holdings 0.009 29% $7,800,000 1.6M
NME Nex Metals Exploration Ltd 0.03 25% $4,800,000 100.0k
AUL Austar Gold Ltd 0.005 25% $17,000,000 1.2M
DDD 3D Resources Ltd 0.003 25% $2,800,000 600.0k
QGL Quantum Graphite Ltd 0.003 25% $18,700,000 200.0k
LNY Laneway Resources Ltd 0.006 20% $22,100,000 975.0k
CGA Contango Asset Management Ltd 0.45 18% $22,800,000 23.7k
AAJ Aruma Resources Ltd 0.007 17% $4,100,000 100.0k
AUT Auteco Minerals Ltd 0.007 17% $6,300,000 340.0k
COY Coppermoly Ltd 0.007 17% $12,100,000 100.0k
DLC Delecta Ltd 0.007 17% $4,900,000 3.0k
NCR NuCoal Resources Ltd 0.018 16% $13,800,000 3.6M

GOING DOWN

The sharp selldowns were concentrated among mining minnows this morning.

Alloy Resources (ASX: AYR) slumped by 33 per cent to 0.2 cents per share, down from 0.8 cents in the middle of last year when the company signed an exploration deal with Rio Tinto.

Junior gold miner Hawthorn Resources (ASX: HAW) was almost 30 per cent lower to 4 cents, and has now almost halved from its mid-February highs.

Here are the best performing ASX small cap stocks at 11:45am Tuesday March 5:

ASX Code Name Last price Percentage change Market cap Volume
AYR Alloy Resources Ltd 0.002 -33% $3,200,000 1.1M
HAW Hawthorn Resources Ltd 0.041 -28% $13,400,000 150.0k
GTE Great Western Exploration Ltd 0.004 -20% $3,900,000 166.4k
MGT Magnetite Mines Ltd 0.005 -17% $3,700,000 385.6k
CTO Citigold Corp Ltd 0.005 -17% $10,800,000 2.1M
BSM Bass Metals Ltd 0.011 -15% $30,400,000 6.4M
ODA Orcoda Ltd 0.11 -15% $9,800,000 667k
SRY Story-I Ltd 0.024 -14% $7,100,000 328.0k
FPL Fremont Petroleum Corp Ltd 0.006 -14% $7,400,000 720.0k
IOD IODM Ltd 0.03 -14% $12,500,000 573.2k
ZGL Zicom Group Ltd 0.13 -13% $28,200,000 95.2k
ZIP ZipTel Ltd 0.013 -13% $1,900,000 33.5k

 

Something completely different

“That’s not going to come down here. Is it?”
“No, it is.”