Elon Musk’s tweets move markets.

Like the time Tesla stock dropped ~10 per cent was after Elon famously complained the stock price was “too high imo”.

Twice.

A few days ago, the billionaire Tesla boss tweeted a cryptic (to some) message:

He was recommending Signal, a non-profit encrypted messaging service which competes with Facebook-owned WhatsApp.

It instead sparked a massive rally in the shares of a tiny Texas-based medical device company called Signal Advance.

The stock went from 60c to intra-day highs of $70.85 – an eye-watering 11,708 per cent gain.

Z1P bagholders are now hoping Musk can toss them a humble shoutout.

Z1P about to 🚀???!???!? from r/ASX_Bets

To Markets

Wall Street edged slightly higher on Tuesday, while European markets were mixed.

Bitcoin and gold were down, but the commodities side was looking especially rosy.

Global oil prices approached 11-month highs.

Base metal prices advanced, with frontrunner nickel up 3.4 per cent on a major mine shutdown in the Philippines.

And iron ore rose to $US171.35 a tonne after Goldman Sachs said that inventories remained low, especially at Chinese steel mills.

By lunchtime on Wednesday the benchmark ASX 200 index was down 0.25 per cent to 6,662.2 points, recording its third straight day of losses (so far).

Now for some good news: according to the Aussie Bureau of Stats there were 254,000 job vacancies in November — higher than the pre-COVID level in February. Incredible.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Wednesday January 13:

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

CODE NAME PRICE % CHANGE VOLUME MARKET CAP
FNT Frontier Resources 0.022 57 146724496 $ 6,847,427.13
SAN Sagalio Energy 0.033 57 1913467 $ 4,297,862.73
CLZ Classic Minerals 0.0015 50 5750665 $ 16,734,968.31
YPB YPB Group 0.003 50 16439682 $ 8,456,717.96
FPL Fremont Petroleum 0.004 33 48693527 $ 14,025,537.56
ADY Admiralty Resources 0.017 31 9475746 $ 15,068,751.09
NC6 Nanollose 0.064 28 5949316 $ 5,937,454.75
GGE Grand Gulf Energy 0.014 27 11468517 $ 4,221,244.26
AQD Ausquest 0.021 20 5964468 $ 11,853,321.92
BSM Bass Metals 0.006 20 5560368 $ 20,108,378.68
ASN Anson Resources 0.043 19 14383540 $ 31,301,267.11
SMI Santana Minerals 0.19 19 68196 $ 18,245,221.76
RMP Red Emperor Resources 0.019 19 5128377 $ 8,404,684.42
SHE Stonehorse Energy 0.019 19 12702288 $ 6,318,236.58
TMG Trigg Mining 0.16 19 1008769 $ 8,399,330.24
ANP Antisense Therapeutics 0.2 18 4969436 $ 97,577,989.07
NPM Newpeak Metals 0.0035 17 500000 $ 14,004,487.53
PNX PNX Metals 0.007 17 200000 $ 20,699,429.31
PTG Proptech Group 0.38 15 22111 $ 17,839,901.64
BRU Buru Energy 0.155 15 1797767 $ 58,330,022.54
NWE Norwest Energy 0.008 14 3625000 $ 33,141,269.52

Frontier Resources (ASX:FNT) surged after picking up rocks containing up to 101g/t of gold at the Kimono prospect in PNG.

Trench sampling is planned for late January to dial in on some drill targets.

Sagalio Energy (ASX:SAN) shares were getting pumped into the stratosphere before the small Kyrgyzstan-based oil producer went into a trading halt to respond to a ‘please explain’ from the ASX.

With WTI tracking above $US50 a barrel, US based oil play Fremont Petroleum (ASX:FPL) says its Trey leases are now much more valuable.

And biotechnology company Nanollose (ASX:NC6) has filed for a new patent with an Indian conglomerate for eco-friendly clothing tech.

NC6’s core tech is focused on developing eco-friendly processes to extract cellulose, which is used in the manufacture of products such as cotton and linen.

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Wednesday January 13:

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

CODE NAME PRICE % CHANGE VOLUME MARKET CAP
CCE Carnegie Clean Energy 0.001 -33 2526621 $ 16,994,678.67
PCL Pancontinental Oil 0.001 -33 1600000 $ 8,110,073.23
RMX Red Mountain Mining 0.0135 -25 41227914 $ 20,363,804.80
DTR Dateline Resources 0.002 -20 1035000 $ 20,525,195.19
MXR Maximus Resources 0.16 -14 5700119 $ 22,535,226.66
AMD Arrow Minerals 0.007 -13 1417500 $ 10,677,104.08
AVW Avira Resources 0.007 -13 10238 $ 11,000,320.00
MQR Marquee Resources 0.078 -12 4378511 $ 9,336,999.08
AER Aeris 0.125 -11 4000 $ 8,396,340.12
MRZ Mont Royal Resources 0.26 -10 10000 $ 9,631,152.30
ARO Astro Resources 0.0045 -10 185000 $ 14,978,465.06
IVT Inventis 0.009 -10 99938 $ 9,468,658.19
SOR Strategic Elements 0.41 -10 13903990 $ 172,162,850.41
NVX Novonix 1.53 -9 2037684 $ 594,230,426.53
AWN AWN Holdings 0.815 -9 18003 $ 35,571,477.60
PSL Paterson Resources 0.041 -9 542771 $ 14,266,637.15
MAY Melbana Energy 0.011 -8 5860332 $ 27,802,216.94
AEV Avenira 0.012 -8 742506 $ 11,217,086.63
MBK Metal Bank 0.012 -8 720000 $ 15,398,607.95
PRS Prospech 0.185 -8 10000 $ 13,004,117.80
TRU Truscreen 0.13 -7 524528 $ 50,801,275.42