The COVID-19 pandemic has led governments around the world to issue health advice, put in place lockdown restrictions and other measures in a bid to check the spread of the virus.

However, the latest advice from Philippines president Rodrigo Duterte might just take the cake.

In an address to the country, the president — who is known for his controversial comments — said a vaccine for the coronavirus might be available as early as next year and that people should “try not to die” until it became available.

Questionable advice aside, here are the biggest small cap movers this week.

 

ASX SMALL CAP WINNERS

Anson Resources (ASX:ASN) +150%

Shares in the US-focused lithium explorer jumped after it released a positive preliminary economic assessment (PEA) for its Paradox brine project in Utah.

The assessment found that the stage one project could generate a pre-tax net present value (NPV) of $US575m ($890m) and internal rate of return (IRR) of 40 per cent. NPV and IRR are measures of how profitable a project is expected to be.

Anson is currently in a suspension pending an announcement “regarding additional information” in relation to its PEA.

DiscovEX Resources (ASX:DCX) +100%

Resampling of samples from DiscovEX’s maiden target definition drilling has confirmed the potential for a major new gold discovery in Western Australia’s southern Laverton District.

Panning of the intervals has produced fine grained visible gold, which the company reckons provides confidence that mineralisation is in-situ and potentially amenable to conventional processing.

Here are the best performing ASX small cap stocks for May 15 – May 22 [intraday]:

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CODE NAME RETURN % PRICE THIS FRIDAY [INTRADAY] MARKET CAP
AVW AVIRA RESOURCES LTD 150 0.002 2.81M
ASN ANSON RESOURCES LTD 114 0.047 30.55M
CLZ CLASSIC MINERALS LTD 100 0.002 16.36M
RLC REEDY LAGOON CORP LTD 100 0.004 1.61M
DCX DISCOVEX RESOURCES LTD 100 0.007 6.75M
CAV CARNAVALE RESOURCES LTD 100 0.004 5.98M
NAE NEW AGE EXPLORATION LTD 100 0.006 5.33M
MGT MAGNETITE MINES LTD 100 0.002 4.49M
ECT ENVIRONMENTAL CLEAN TECHNOLO 100 0.002 19.20M
BMG BMG RESOURCES LTD 100 0.004 2.34M
RNX RENEGADE EXPLORATION LTD 100 0.004 2.85M
WOA WIDE OPEN AGRICULTURE LTD 96 0.275 19.41M
KKO KINETIKO ENERGY LTD 95 0.039 21.19M
YOJ YOJEE LTD 92 0.050 49.17M
MPR MPOWER GROUP LTD 92 0.023 3.65M
MXR MAXIMUS RESOURCES LTD 83 0.055 2.71M
E25 ELEMENT 25 LTD 80 0.360 33.13M
BNL BLUE STAR HELIUM LTD 80 0.009 6.60M
DRO DRONESHIELD LTD 75 0.170 42.92M
RGL RIVERSGOLD LTD 69 0.027 6.68M
MWR MGM WIRELESS LTD 67 0.150 21.26M
MCT METALICITY LTD 67 0.005 5.07M
ADY ADMIRALTY RESOURCES NL 67 0.010 11.59M
PGI PANTERRA GOLD LTD 64 0.046 8.98M
EMP EMPEROR ENERGY LTD 61 0.029 2.37M
AX8 ACCELERATE RESOURCES LTD 59 0.035 2.78M
ATX AMPLIA THERAPEUTICS LTD 57 0.130 8.64M
BLU BLUE ENERGY LTD 53 0.026 34.50M
TNR TORIAN RESOURCES LTD 53 0.026 11.58M
MGV MUSGRAVE MINERALS LTD 52 0.175 81.04M
ARC AUSTRALIAN RURAL CAPITAL LTD 50 0.300 3.88M
KIN KIN MINING NL 50 0.120 75.56M
TKL TRAKA RESOURCES LTD 50 0.006 2.40M
ICG INCA MINERALS LTD 50 0.002 6.09M
ROG RED SKY ENERGY LTD 50 0.002 2.44M
POW PROTEAN ENERGY LTD 50 0.006 1.87M
DLC DELECTA LTD 50 0.006 4.18M
XST XSTATE RESOURCES LTD 50 0.002 2.14M
SBR SABRE RESOURCES LTD 50 0.003 2.57M
VAL VALOR RESOURCES LTD 50 0.002 2.88M
PCL PANCONTINENTAL OIL & GAS NL 50 0.002 8.11M
CCE CARNEGIE CLEAN ENERGY LTD 50 0.002 16.71M
VIC VICTORY MINES LTD 50 0.002 4.70M
TPD TALON PETROLEUM LTD 50 0.002 2.67M
LMG LATROBE MAGNESIUM LTD 50 0.009 11.67M
REE RAREX LTD 48 0.037 11.55M
TMT TECHNOLOGY METALS AUSTRALIA 46 0.175 18.92M
HCD HYDROCARBON DYNAMICS LTD 44 0.026 8.97M
QHL QUICKSTEP HOLDINGS LTD 44 0.105 74.91M
MAU MAGNETIC RESOURCES NL 44 1.150 242.39M
SE1 SENSERA LTD 44 0.023 7.41M
TKM TREK METALS LTD 43 0.020 1.10M
SVY STAVELY MINERALS LTD 43 0.635 135.76M
HZN HORIZON OIL LTD 42 0.078 101.55M
IXR IONIC RARE EARTHS LTD 42 0.009 18.37M

 

ASX SMALL CAP LOSERS

Flamingo Ai (ASX:FGO) -33%

Flamingo Ai has entered into an exclusive, binding terms sheet to sell all its assets to avoid the need to raise capital to sustain its cash burn.

The company has started the process to look for assets to acquire.

Here are the worst performing ASX small cap stocks for May 15 – May 22 [intraday]:

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CODE NAME RETURN % PRICE THIS FRIDAY [INTRADAY] MARKET CAP
TTB TOTAL BRAIN LTD -17 0.425 46.03M
FZR FITZROY RIVER CORP LTD -17 0.150 12.95M
HNR HANNANS LTD -17 0.005 9.94M
BIQ BUILDINGIQ INC-CDI -17 0.005 1.87M
MTH MITHRIL RESOURCES LTD -17 0.010 9.01M
DRE DREADNOUGHT RESOURCES LTD -17 0.005 8.83M
CE1 CALIMA ENERGY LTD -17 0.005 10.78M
ADX ADX ENERGY LTD -17 0.005 8.55M
CAF CENTREPOINT ALLIANCE LTD -18 0.081 11.69M
LPD LEPIDICO LTD -19 0.007 33.71M
AU1 AGENCY GROUP AUSTRALIA LTD -20 0.032 9.57M
OAR OAKDALERESOURCES LTD -20 0.002 1.40M
TIN TNT MINES LTD -20 0.160 4.96M
CFO CFOAM LTD -20 0.035 6.73M
TPS THREAT PROTECT AUSTRALIA LTD -22 0.049 11.81M
SVA SIMAVITA LTD-CDI -23 0.017 9.58M
RGI ROTO-GRO INTERNATIONAL LTD -23 0.050 7.45M
SGO STREAM GROUP LTD -23 0.020 4.39M
DXN DXN LTD -23 0.010 10.51M
TON TRITON MINERALS LTD -24 0.042 47.65M
BLV BLOSSOMVALE HOLDINGS LTD -25 0.120 7.37M
MGU MAGNUM MINING AND EXPLORATIO -25 0.030 9.14M
PKD PARKD LTD -25 0.030 2.25M
KTE K2 ENERGY LTD -25 0.012 3.61M
XPE XPED LTD -25 0.0015 2.66M
PNN PEPINNINI LITHIUM LTD -25 0.0015 2.25M
ADV ARDIDEN LTD -25 0.003 5.37M
PWN PARKWAY MINERALS NL -25 0.006 10.30M
CXM CENTREX METALS LTD -26 0.026 8.21M
MAR MALACHITE RESOURCES LTD -27 0.045 3.06M
FGO FLAMINGO AI LTD -33 0.001 1.12M
IVT INVENTIS LTD -40 0.003 2.81M
GTE GREAT WESTERN EXPLORATION LT -50 0.001 1.25M
VPR VOLT POWER GROUP LTD -50 0.001 8.99M