It was 59 years ago today that Chubby Checker’s ‘The Twist’ became famous. It was first released in June but on August 6, 1960 he performed it on Dick Clark’s American Bandstand.

Within months, it became the early 1960s equivalent of the Harlem Shake, planking, the ice bucket challenger or whatever else lasted a few months before being forgotten (until just now).

Chubby went on to perform many hits and is still alive and well at 78 – his most recent single was released in 2013.

Speaking of twisting last summer, our markets did just that from a downturn to an upswing just after Christmas. Both the ASX 200 and ASX Small Ords gained 25 per cent between Christmas and the end of July.

Since then the ASX Small Ords has lost 7 per cent and is at 2,791 after dropping another 2.5 per cent today. The ASX 200 is down 2.3 per cent to 6,490 and has dropped over 5 per cent since the turn of the month.

Look at the global macro picture and it’s not good. The trade war, Hong Kong protests, central banks looking unlikely to cut interest rates anymore. But some company shareholders have had good news today.

Going up

CropLogic (ASX: CLI) is up 15 per cent after securing a supply agreement with a local hemp processor.

Phylogica (ASX: PYC) gained 11 per cent after declaring its technology “is effective in human cells”. A pre-clinical study found it can deliver Anti-Sense Oligonucleotides into human cells – essentially therapeutic agents which could treat diseases.

Here are the best performing ASX small cap stocks at lunchtime, Tuesday August 6:

Swipe or scroll to reveal the full table. Click headings to sort

Code Name Price % Chg Market Cap Volume
MLS Metals Australia Ltd 0.002 +100.00% $5.9M 3.5M
GLV Global Vanadium Ltd 0.003 +50.00% $8.5M 33.7M
NAE New Age Exploration Ltd 0.004 +33.33% $3.6M 1.1M
BNR Bulletin Resources Ltd 0.03 +27.27% $5.0M 170.0k
AHK ARK Mines Ltd 0.03 +25.00% $1.4M 300.0k
MSM MSM Corp International Ltd 0.02 +25.00% $12.5M 2.7M
EVE EVE Investments Ltd 0.005 +25.00% $12.5M 502.0k
KRM Kingsrose Mining Ltd 0.05 +18.60% $37.2M 3.2M
NWE Norwest Energy NL 0.0035 +16.67% $11.8M 3.9M
CLI CropLogic Ltd 0.09 +15.38% $34.5M 44.7M
CZR Coziron Resources Ltd 0.02 +15.38% $26.8M 821.1k
DKM Duketon Mining Ltd 0.16 +14.81% $18.3M 54.4k
DAV Davenport Resources Ltd 0.05 +11.63% $6.9M 22.3k
PYC Phylogica Ltd 0.04 +11.43% $97.7M 23.6M
ATH Alterity Therapeutics ltd 0.03 +11.11% $26.1M 898.0k
MCT Metalicity Ltd 0.011 +10.00% $6.9M 1.2M

Going down

Rural Funds Group (ASX: RFF) fell 42 per cent… until trading was halted at 11am. A report by Bonitas Research alleged the company had committed fraud and was worthless.

Here are the worst performing ASX small cap stocks at lunchtime, Tuesday August 6:

Swipe or scroll to reveal the full table. Click headings to sort

Code Name Price % Chg Market Cap Volume
VIC Victory Mines Ltd 0.001 -50.00% $1.4M 2.0M
RFF Rural Funds Group 1.36 -42.13% $455.5M 6.4M
XPE Xped Ltd 0.001 -33.33% $1.5M 272.6k
TSC Twenty Seven Co Ltd 0.004 -33.33% $4.0M 3.7M
ECT Environmental Clean Technologies 0.004 -20.00% $19.2M 492.5k
BCC Beam Communications Holdings Ltd 0.19 -19.57% $9.8M 16.7k
CFE Cape Lambert Resources Ltd 0.009 -18.18% $9.2M 289.7k
BRV Big River Gold Ltd 0.0014 -17.65% $14.4M 2.7M
TYM Tymlez Group Ltd 0.06 -17.33% $8.6M 325.1k
SRN Surefire Resources NL 0.005 -16.67% $2.5M 300.0k
SBR Sabre Resources Ltd 0.005 -16.67% $2.0M 8.7M
FGO Flamingo AI Ltd 0.005 -16.67% $5.6M 910.2k
AZY Antipa Minerals Ltd 0.02 -16.67% $35.3M 2.8M
OAR Oakdale Resources Ltd 0.01 -16.67% $2.1M 451.0k
ADX ADX Energy Ltd 0.01 -16.67% $12.2M 2.3M
GWR GWR Group Ltd 0.1 -16.67% $25.4M 208.6k
FTC FinTech Chain Ltd 0.1 -16.67% $65.1M 459.4k