ASX Lunch Small Cap Wrap: Who’s stumbled across their mirror image this morning?

You’re probably sick of hearing about Time’s Person of the Year – Elon Musk, but we couldn’t resist mentioning him one more time.

When we’ve mentioned him it’s typically been his latest favoured cryptocurrency, which has changed a few times this year to the benefit or expense of holders of those coins.

Crypto aside, the Telsa boss has had a good year, with his company’s share price surging another 50%+. He also cashed out over US$14 billion of shares in 2021.

But this week, Musk has discovered he just might have a long lost twin brother. A Chinese man gained fame on Chinese social media for looking exactly like him. His appearance and expressions were just like Musk and he was standing next to a luxury cary – it was unclear if it was Tesla.

Musk briefly responded saying,” Maybe I’m partly Chinese.” This has led to netizens coming up with all kinds of names for him including “Elon Mosaic,” “Clone Musk,” or even a Chinese name, “Yi Long Musk…”

To markets…

The ASX continued to rally today, after a strong lead from Wall Street as investors continue to assess the impact of Omicron while Pfizer got FDA approval for its COVID-19 anti-viral pill.

No sector particularly stood out on the ASX, as industrials led the way with a measured gain of 0.57%. But tech was the clear laggard, retreating 0.87%.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for December 23 [intraday]:

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Scout Security (ASX:SCT) surged off the back of a capital raising that was conducted at a hefty premium to yesterday’s closing price.

Syrah Resources (ASX:SYR) climbed off the back of an offtake agreement with Tesla.

Ozgrowth (ASX:OZG) rose after a three-way merger between it, Westoz Investment company (ASX:WIC) and WAM Capital (ASX:WAM) was announced.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for December 23 [intraday]:

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

Shares in Far (ASX:FAR) were smashed off the back of results from its Bambo well which lies offshore from Gambia. While oil shows and potential reservoirs were encountered, no live oil columns were present.