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 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
The post Weekly ASX small cap wrap: Who’s giving questionable advice now? appeared first on Stockhead.
