It would have been great if it were true, but unfortunately the World Health Organisation has outright stated that alcohol does not protect you against the COVID-19 virus, nor does it kill the virus either.

In fact, the global health body has warned that excessive consumption of alcohol can weaken the immune system and has urged governments to enforce measures that limit alcohol consumption.

While products made with 60 per cent of more alcohol can disinfect the skin, the same process doesn’t work inside the body.

The WHO’s warning comes as the Foundation of Alcohol Research and Education (FARE) released data showing that one in five Australians has purchased more alcohol than usual.

And they aren’t just stockpiling either.

FARE said its survey indicated that 70 per cent of those who bought more alcohol were also drinking more than usual, with a third saying they now drink daily.

Now, the WHO does not actually warn against drinking but rather excessive drinking, so a little tipple after dinner is still fine. Mostly.

 

ASX SMALL CAP WINNERS

Predictive Discovery (ASX:PDI) +1180%

Fancy making back more than 10 times your money? Well, that’s pretty much what you would have made if you invested in Predictive last week and sold out now.

The company’s stock sky-rocketed after it discovered a gold zone at least 450m long at its Kaninko gold project in Guinea with drilling returning a top intersection of 46m grading 6.58 grams per tonne (g/t) gold from just 4m that included a higher grade zone of 10m at 26.52g/t from 34m.

Reportable gold intercepts were obtained in 23 of the 24 holes received to date while a further 23 holes are pending.

Not bad for a project that was granted to Predictive in July 2019.

Nanoveu (ASX:NVU) +107%

Proving once again that addressing concerns about COVID-19 is one way to attract market attention, Nanovue posted gains after the company said it had made advancements in a nanotechnology application with antiviral properties.

This could be used as a protective layer on smartphone screens and cases, which are increasingly viewed as pathways for the spread of contagious diseases.

Here are the best performing ASX small cap stocks for April 9 – April 17 [intraday]:

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

CODE NAME RETURN % PRICE THIS FRIDAY [INTRADAY] MARKET CAP
PDI PREDICTIVE DISCOVERY LTD 1180 0.068 38.87M
SE1 SENSERA LTD 267 0.014 3.54M
ARM AURORA MINERALS LTD 167 0.015 3.75M
APH AUSTRALIAN PRIMARY HEMP LTD 164 0.150 9.77M
XTC XANTIPPE RESOURCES LTD 150 0.005 16.62M
SHO SPORTSHERO LTD 117 0.026 8.53M
A1G AFRICAN GOLD LTD 110 0.088 5.11M
GBP GLOBAL PETROLEUM LTD 108 0.025 5.07M
NVU NANOVEU LTD 107 0.060 8.22M
T3D 333D LTD 100 0.001 2.13M
SRN SUREFIRE RESOURCES NL 100 0.002 1.26M
JXT JAXSTA LTD 95 0.039 9.64M
1ST 1ST GROUP LTD 88 0.047 20.81M
TMG TRIGG MINING LTD 83 0.044 2.55M
HRR HERON RESOURCES LTD 81 0.049 21.00M
CM8 CROWD MEDIA HOLDINGS LTD 81 0.029 8.50M
CHN CHALICE GOLD MINES LTD 78 1.005 275.44M
IPB IPB PETROLEUM LTD 77 0.023 5.30M
SKN SKIN ELEMENTS LTD 75 0.110 34.94M
SWM SEVEN WEST MEDIA LTD 69 0.102 161.49M
ZMI ZINC OF IRELAND NL 67 0.050 6.08M
HSC HOMESTAY CARE LTD 67 0.009 16.75M
ARE ARGONAUT RESOURCES NL 67 0.005 7.89M
PPL PUREPROFILE LTD 67 0.005 600.30k
TNR TORIAN RESOURCES LTD 62 0.013 4.81M
GTR GTI RESOURCES LTD 60 0.008 3.72M
HLX HELIX RESOURCES LTD 60 0.011 3.90M
RML RESOLUTION MINERALS LTD 60 0.130 24.58M

 

ASX SMALL CAP LOSERS

Liquefied Natural Gas Limited (ASX:LNG) -51%

While not the worst performer on our watchlist, Liquefied Natural Gas was nonetheless hammered by the market after announcing that Singapore’s LNG-9 was not proceeding with its takeover.

This comes after First Wall Street Capital failed to provide bridge financing to the company for ongoing marketing and development of its LNG projects, which LNG-9 said would cause certain conditions of its proposed takeover bid to be triggered or be incapable of being satisfied.

Here are the worst performing ASX small cap stocks for April 9 – April 17 [intraday]:

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

CODE NAME RETURN % PRICE THIS FRIDAY [INTRADAY] MARKET CAP
LI3 LITHIUM CONSOLIDATED LTD -21 0.011 1.62M
CDY CELLMID LTD -22 0.235 28.04M
OKJ OAKAJEE CORP -22 0.025 2.29M
EX1 EXOPHARM LTD -22 0.160 15.28M
BPH BPH ENERGY LTD -22 0.007 2.34M
RLG ROOLIFE GROUP LTD -22 0.014 4.77M
BEM BLACKEARTH MINERALS NL -22 0.035 3.98M
MCM MC MINING LTD -23 0.155 21.87M
AIB AURORA GLOBAL INCOME TRUST -23 0.085 646.91k
CWL CHANT WEST HOLDINGS LTD -23 0.073 9.26M
DCC DIGITALX LTD -23 0.026 13.93M
KTA KRAKATOA RESOURCES LTD -23 0.036 7.88M
BSM BASS METALS LTD -25 0.003 8.43M
AQS AQUIS ENTERTAINMENT LTD -25 0.012 2.22M
ICI ICANDY INTERACTIVE LTD -25 0.028 7.09M
8CO 8COMMON LTD -25 0.050 9.15M
GEV GLOBAL ENERGY VENTURES LTD -26 0.062 23.95M
VOL VICTORY OFFICES LTD -29 0.500 20.45M
SW1 SWIFT MEDIA LTD -29 0.020 5.87M
BAS BASS OIL LTD -33 0.001 3.34M
XST XSTATE RESOURCES LTD -33 0.001 1.43M
FGO FLAMINGO AI LTD -33 0.002 1.12M
CCE CARNEGIE CLEAN ENERGY LTD -33 0.001 11.14M
MRD MOUNT RIDLEY MINES LTD -33 0.001 2.68M
FRX FLEXIROAM LTD -33 0.010 3.05M
QUE QUESTE COMMUNICATIONS LTD -35 0.040 1.22M
KAS KASBAH RESOURCES LTD -44 0.014 1.90M
RNX RENEGADE EXPLORATION LTD -50 0.001 712.63k
RFN REFFIND LTD -50 0.001 1.02M
LNG LIQUEFIED NATURAL GAS LTD -51 0.056 32.29M
PNC PIONEER CREDIT LTD -56 0.295 17.75M
DCN DACIAN GOLD LTD -57 0.365 98.22M