It has come full circle. While we in Australia have been living without single use plastic bags for some time now, the San Francisco Bay Area – one of the most liberal areas in the US (and we don’t mean in the Liberal Party sense) – has moved to ban the use of reusable grocery bags.

That’s right, six Bay Area counties have called for reusable bags to be banned as part of their rewrite of an order requiring millions of residents to shelter at home to stop the spread of COVID-19 in California.

While it is not entirely clear how the esteemed law makers are proposing that shoppers take home their groceries, some have proposed that the measures are too extreme and that they should be tweaked to allow customers to bring their bags but for grocery employees to not fill them.

The great bag debate is ongoing, but that the ASX Small Ords is up for the week is not in doubt.

Here are some of the small cap movers at both ends of the market.

 

ASX SMALL CAP WINNERS

Cellmid (ASX:CDY) +173%

It could seem like even a blind bat could hit the target if they have some way of detecting the COVID-19 virus, alleviating its spread or even the holy grail of treating it.

Sounds somewhat morbid, but this week’s top gainer Cellmid proved that again after securing a supply of Chinese-made COVID-19 rapid diagnostic tests for sale in Australia.

Cellmid is one of two companies which are importing the Guangzhou Wondfo Biotech-made kit, which works through antibody detection.

Importantly – given the suspicion that has been thrown at Chinese-made test kits and face masks recently – the kits are approved by Australia’s Therapeutic Goods Administration (TGA) and manufactured in a facility certified by the TGA.

RHYTHM Biosciences (ASX:RHY) +134%

Shares in Rhythm, which is developing a blood-based test to replace the government funded faecal test for colorectal cancer, gained this week after it successfully validated a key lead biomarker.

The biomarker can differentiate between cancerous and healthy blood samples and makes up the principal ingredient for its test kit.

Here are the best performing ASX small cap stocks for March 27 – April 3 [intraday]:

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CODE NAME RETURN % PRICE THIS FRIDAY [INTRADAY] MARKET CAP
CDY CELLMID LTD 173 0.270 26.08M
RHY RHYTHM BIOSCIENCES LTD 134 0.096 9.67M
ADJ ADSLOT LTD 114 0.015 27.66M
LEG LEGEND MINING LTD 101 0.135 320.24M
CAV CARNAVALE RESOURCES LTD 100 0.002 2.99M
PNN PEPINNINI LITHIUM LTD 100 0.002 2.93M
ARE ARGONAUT RESOURCES NL 100 0.004 6.31M
AHL AHALIFE HOLDINGS LTD 100 0.006 7.98M
SRN SUREFIRE RESOURCES NL 100 0.002 1.26M
DTR DATELINE RESOURCES LTD 100 0.002 16.42M
KAS KASBAH RESOURCES LTD 90 0.038 5.14M
FFL FOUNDERS FIRST LTD 81 0.245 30.28M
ALG ARDENT LEISURE GROUP LTD 80 0.315 151.11M
NOX NOXOPHARM LTD 79 0.215 32.74M
GSS GENETIC SIGNATURES LTD 78 1.960 279.39M
PNC PIONEER CREDIT LTD 78 0.605 38.36M
SZL SEZZLE INC-CDI 76 1.020 203.45M
ATS AUSTRALIS OIL & GAS LTD 75 0.021 20.71M
TD1 TALI DIGITAL LTD 74 0.033 24.73M
MYQ MYFIZIQ LTD 73 0.135 14.64M
GEM G8 EDUCATION LTD 70 1.080 496.99M
BEM BLACKEARTH MINERALS NL 70 0.039 4.43M
LVH LIVEHIRE LTD 67 0.135 40.82M
CUX CROSSLAND STRATEGIC METALS L 67 0.005 5.06M
MRR MINREX RESOURCES LTD 67 0.010 1.99M
TSC TWENTY SEVEN CO LTD 67 0.005 7.43M
LML LINCOLN MINERALS LTD 67 0.005 2.87M
NTI NEUROTECH INTERNATIONAL LTD 67 0.005 698.66k

 

ASX SMALL CAP LOSERS

Decmil Group (ASX:DCG) -71%

The construction and engineering group rejoined the ASX on Monday after releasing its half-year results last week.

Investors clearly weren’t too keen that the company reported a bottom line loss of $75m that included a full provisioning of losses for amounts owed under the termination of a contract with the New Zealand Department of Corrections.

Here are the worst performing ASX small cap stocks for March 27 – April 3 [intraday]:

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

CODE NAME RETURN % PRICE THIS FRIDAY [INTRADAY] MARKET CAP
TMG TRIGG MINING LTD -26 0.020 1.16M
OEL OTTO ENERGY LTD -29 0.005 13.46M
MTH MITHRIL RESOURCES LTD -29 0.005 2.45M
IGN IGNITE LTD -29 0.005 447.91k
TER TERRACOM LTD -29 0.110 77.58M
GRV GREENVALE ENERGY LTD -29 0.012 1.27M
HCD HYDROCARBON DYNAMICS LTD -30 0.014 3.95M
MCM MC MINING LTD -31 0.275 38.80M
E2E EON NRG LTD -33 0.001 769.89k
SI6 SIX SIGMA METALS LTD -33 0.001 645.00k
FGO FLAMINGO AI LTD -33 0.001 1.12M
ARO ASTRO RESOURCES NL -33 0.002 2.54M
VAL VALOR RESOURCES LTD -33 0.001 1.92M
KEY KEY PETROLEUM LTD -33 0.002 3.42M
OAR OAKDALERESOURCES LTD -33 0.002 1.16M
RAN RANGE INTERNATIONAL LTD -33 0.008 2.89M
CIO CONNECTED IO LTD -33 0.002 4.82M
EGR ECOGRAF LTD -38 0.030 9.23M
FRX FLEXIROAM LTD -38 0.015 4.58M
IQ3 IQ3CORP LTD -39 0.110 11.43M
SHO SPORTSHERO LTD -40 0.003 984.62k
SVD SCANDIVANADIUM LTD -44 0.005 1.76M
XST XSTATE RESOURCES LTD -50 0.001 1.43M
OEX OILEX LTD -50 0.001 3.43M
RFN REFFIND LTD -50 0.001 1.02M
RXH REWARDLE HOLDINGS LTD -50 0.001 526.32k
KPT KANGAROO ISLAND PLANTATION T -52 0.950 53.60M
DCG DECMIL GROUP LTD -71 0.120 28.71M

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