Nobody likes a party pooper. But this one might actually win some sympathy even if it’s just another chance to mock.

Kane Cornes doesn’t believe the Gold Coast Suns should have celebrated Mad Monday yesterday. You don’t have to follow sport to have an opinion on this.

Should a group of young males getting paid an average of $371,000 per year, at a club given over $20m a year in handouts by the AFL and that lost 17 games in a row be entitled to dress up like little kids – let alone celebrate the season at all? Whatever you think, too little too late for this year.

Yet we admit, if you’re retiring, have had a half-decent career and know how to dress, like Dale Thomas, than you’re probably entitled to.

Our markets are following the US in rebounding following what seemed to be an overall positive G7 meeting. The ASX Small Ords gained 0.29 per cent to 2,790 points and the ASX 200 is up 0.37 per cent to 6,464 points.

ANZ-Roy Morgan consumer confidence gained 1.2 per cent last week, pushing the index above the long term average. ANZ’s head of Australian economics, David Plank, said the results were “pleasing” since they occurred in spite of the trade war and share market weakness.

Can the divergence between financial and economic sentiment be sustained? Plank said it could as long as the labour market stayed solid.

Going up

Strike Energy (ASX:STX) and Warrego Energy (ASX:WGO) both surged after announcing a big discovery from their gas well.

Smart Parking (ASX:SPZ) gained another 27 per cent today after yesterday’s news about potential acquisitions.

Echo Resources (ASX:EAR) gained 30 per cent after an acquisition offer of its own, from Northern Star Resources (ASX:NST).

Here are the best performing ASX small cap stocks at lunchtime, Tuesday August 27:

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Code Name Price % Chg Market Cap Volume
GPP Greenpower Energy Ltd 0.002 +100.00% $4.0M 500.0k
STX Strike Energy Ltd 0.22 +51.72% $334.6M 57.1M
WGO Warrego Energy Ltd 0.28 +51.35% $172.8M 12.8M
KEY Key Petroleum Ltd 0.005 +42.86% $8.4M 45.2M
DDD 3D Resources Ltd 0.002 +33.33% $2.3M 2.0M
EER East Energy Resources Ltd 0.004 +33.33% $12.8M 19.2k
SYT Syntonic Ltd 0.004 +33.33% $6.8M 80.0k
EAR Echo Resources Ltd 0.32 +30.00% $224.6M 53.7M
RES Resource Generation Ltd 0.14 +27.27% $81.4M 767.0k
SPZ Smart Parking Ltd 0.21 +27.27% $73.6M 3.6M
IVO Invigor Group Ltd 0.0025 +25.00% $7.1M 1.0M
TYX Tyranna Resources Ltd 0.005 +25.00% $4.7M 300.7k
BNL Big Star Energy Ltd 0.011 +22.22% $5.2M 10.4M
NWE Norwest Energy NL 0.006 +20.00% $20.3M 54.3M
POD Podium Minerals Ltd 0.05 +18.18% $8.3M 89.1k
ANL Amani Gold Ltd 0.0035 +16.67% $18.2M 17.9M
PWN Parkway Minerals NL 0.007 +16.67% $4.4M 386.0k
SER Strategic Energy Resources Ltd 0.007 +16.67% $6.7M 200.0k
BAR Barra Resources Ltd 0.02 +15.00% $12.4M 106.2k
OKR Okapi Resources Ltd 0.23 +15.00% $8.3M 21.7k

Going down

The biggest loser was Ultracharge (ASX:UTR) which fell after a scooter manufacturer decided to stop testing its batteries.

Speedcast (ASX:SDA) crashed again, down 23 per cent, due to poor results.

AJ Lucas (ASX:AJL) fell by 25 per cent after a British gas well a subsidiary was drilling got suspended after it caused a 2.9 magnitude tremor.

Here are the worst performing ASX small cap stocks at lunchtime, Tuesday August 27:

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Code Name Price % Chg Market Cap Volume
UTR Ultracharge Ltd 0.001 -60.00% $1.1M 15.6M
ECT Environmental Clean Technologi 0.003 -25.00% $14.4M 776.3k
AJL AJ Lucas Group Ltd 0.17 -25.00% $127.5M 478.8k
SDA SpeedCast International Ltd 1.3 -23.00% $309.9M 7.0M
CAE Cannindah Resources Ltd 0.015 -21.05% $2.7M 620.1k
YPB YPB Group Ltd 0.004 -20.00% $4.6M 1.0M
RLC Reedy Lagoon Corp Ltd 0.004 -20.00% $1.6M 1.0M
AVE Avecho Biotechnology Ltd 0.004 -20.00% $6.3M 9.0M
NME Nex Metals Exploration Ltd 0.01 -18.75% $2.5M 10.0k
OLH Oldfields Holdings Ltd 0.03 -15.79% $2.6M 20.0k
SRG SRG Global Ltd 0.4 -14.89% $171.8M 732.6k
TRL Tanga Resources Ltd 0.003 -14.29% $3.8M 185.0k
RMI Resource Mining Corp Ltd 0.01 -14.29% $1.8M 10.0k
KOV Korvest Ltd 3 -14.29% $33.7M 32.8k
AEI Aeris Environmental Ltd 0.25 -13.79% $52.9M 2.9k
AER Aeeris Ltd 0.13 -13.33% $7.8M 38.0k
UCM Uscom Ltd 0.1 -13.04% $13.8M 170.0k
At Stockhead, we tell it like it is. While Warrego Energy is a Stockhead advertiser, it did not sponsor this article.