ASX Small Cap Lunch Wrap: Big infrastructure cash splash to stoke fire under mining, construction stocks

Overseas markets rose overnight as US President Biden embraced a US$1.2 trillion bipartisan Senate deal on infrastructure spending.

Ever wondered what one trillion dollars (in $100 bills) might look like? Here you go:

The US$579 billion in new spending includes big investments in the nation’s power grid, broadband internet services and passenger and freight rail, according to Reuters. Materials and industrials stocks are set to benefit.

>>Scroll down for today’s best and worst performing ASX small cap stocks

“As massive fiscal stimulus helped the US economy grow at a 6.4 per cent annualised rate in the first quarter, investors have been banking on an infrastructure agreement that could steer the next leg of the recovery for the world’s largest economy and fuel more stock gains,” Morningstar says.

Construction and mining equipment maker Caterpillar and aerospace firm Boeing both jumped more than 2%, helping lift the Dow Jones Industrial Average.

Oil and most base metals — led by nickel — rose, while gold (US$1,776/oz) and iron ore (US$214/t) nudged lower.

The ASX 200 index is up 0.32% to 7,302 point in morning trade. It remains 0.9% in the red for the week after those massive losses suffered on Monday.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Friday June 25:

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

CODE	NAME	PRICE	% CHANGE	VOLUME	MARKET CAP
CCE	Carnegie Cln Energy	0.003	50	3331137	$ 29,405,147.42
CLZ	Classic Min	0.0015	50	14070524	$ 21,770,381.43
OAK	Oakridge	0.0015	50	379183	$ 3,189,292.92
CYQ	Cycliq Group	0.002	33	9510205	$ 9,675,508.76
ECT	Env Clean Tech .	0.002	33	150498	$ 17,746,874.93
CPT	Cipherpoint Limited	0.029	26	6137018	$ 4,945,427.94
OLH	Oldfields Holdings	0.068	26	10000	$ 9,056,152.46
BRL	Bathurst Res .	0.45	25	239551	$ 61,542,584.28
EN1	Engage:Bdr Limited	0.005	25	32463015	$ 9,794,285.88
GGX	Gas2Grid Limited	0.0025	25	355722	$ 4,003,102.08
LNY	Laneway Res	0.005	25	750000	$ 15,100,263.73
NAG	Nagambie Resources	0.085	21	1084449	$ 34,995,264.22
RIM	Rimfire Pacific	0.009	20	1544510	$ 13,546,835.51
MNB	Minbos Resources	0.06	20	7206749	$ 23,201,644.85
BSM	Bass Metals	0.006	20	1087574	$ 21,923,951.52
WBT	Weebit Nano	1.9	20	1443254	$ 194,332,207.54
AAP	Australian Agri	0.031	19	1494489	$ 7,931,082.28
CGS	Cogstate	1.42	18	329401	$ 205,185,997.20
ICR	Intelicare Holdings	0.21	17	289862	$ 8,451,113.58
RAG	Ragnar Metals	0.071	16	37114287	$ 20,598,778.23
HPG	Hipages Group	2.97	15	178443	$ 336,779,518.18
PO3	Purifloh	1.8	14	3970	$ 49,649,509.35

Yesterday, coal producer Bathurst Resources (ASX:BRL) announced it would exceed 2021 financial year (FY21) earnings guidance of $55.4m as prices recover.

Gold junior Rimfire Pacific Mining (ASX:RIM) rose off the back of a $7.5m Joint Venture and Earn in Agreement in the Lachlan Fold.

Computer memory and semiconductor stock Weebit Nano (ASX:WBT) reached a major development milestone, three months ahead of schedule.

Nagambie Resources (ASX:NAG) has applied for a planning permit to construct and operate a 180,000 tonnes per annum gold toll treatment plant – to treat ore from third party mines — at its mothballed namesake project site in Victoria.

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Friday June 25:

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

CODE	NAME	PRICE	% CHANGE	VOLUME	MARKET CAP
SFG	Seafarms Group	0.061	-29	5092849	$ 208,347,168.14
PCL	Pancontinental Oil	0.0015	-25	302488	$ 12,013,430.97
BAS	Bass Oil	0.002	-20	9142	$ 8,355,350.24
MRD	Mount Ridley Mines	0.0025	-17	19494978	$ 13,081,844.10
OVT	Ovato Limited	0.0025	-17	500000	$ 36,638,436.76
TEG	Triangle Energy	0.021	-16	4175281	$ 15,519,087.03
KEY	KEY Petroleum	0.003	-14	275605	$ 6,887,748.44
XST	Xstate Resources	0.0035	-13	10711887	$ 10,758,350.06
RNE	Renu Energy	0.065	-12	319358	$ 9,824,456.30
14D	1414 Degrees Limited	0.088	-12	1413933	$ 20,031,045.80
M8S	M8 Sustainable	0.022	-12	952666	$ 4,387,503.13
RGL	Riversgold	0.037	-12	2246739	$ 16,969,772.23
AGR	Aguia Res	0.062	-11	74113	$ 22,898,506.19
FGO	Fargo Enterprises	0.004	-11	62500	$ 5,335,905.16
SBR	Sabre Resources	0.004	-11	99335	$ 7,573,786.42
APV	Appsvill	0.061	-10	449849	$ 6,128,860.47
VAL	Valor Resources	0.009	-10	2225500	$ 28,938,314.18
BD1	Bard1 Life Sciences	2.01	-10	599131	$ 178,526,474.45
LLO	Lion One Metals	1.18	-9	15000	$ 13,539,212.70
MSR	Manas Res	0.01	-9	25351	$ 36,471,859.58
SIH	Sihayo Gold Limited	0.01	-9	844229	$ 40,540,075.54
TMX	Terrain Minerals	0.01	-9	1900905	$ 8,093,371.10