Mormons know their meme stocks. The Church of the Latter Day Saints made massive profits from the GameStop short squeeze earlier this year.

Recent security filings show the Mormon’s investment branch bought 46,000 GameStop shares near the end of 2020 valued at $US867,000.

Following the r/wallstreetbets led short squeeze, the value of that purchase has skyrocketed to ~$US7,750,000.

That’s a ~800% gain. Who needs donations?
 

To Markets:

On Friday, European share markets generally rose on upbeat economic data, while Wall Street was mixed (Dow up, S&P 500 and NASDAQ down).

Spot gold continues its upward trend — trading near US$1,880/oz at the US close — while iron ore fell to $US200.10/t.

The Aussie bourse is marginally up in morning trade, with the benchmark ASX 200 index gaining 5.5 points to 7,035.8 by 11:50am eastern time.
 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Monday, May 24:

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

CODE COMPANY PRICE % CHANGE VOLUME MARKET CAP
CPN Caspin Resources 1.44 67 2211958 $ 51,661,852.92
ANL Amani Gold 0.0015 50 5680258 $ 12,386,996.75
NPM Newpeak Metals 0.003 50 700000 $ 11,348,322.60
INF Infinity Lithium 0.092 37 45410533 $ 26,977,855.25
ALT Analytica 0.0025 25 4308580 $ 8,799,030.83
CCE Carnegie Cln Energy 0.0025 25 3588998 $ 29,405,147.42
ASQ Australian Silica 0.105 17 733334 $ 24,119,434.08
MCT Metalicity 0.014 17 26359001 $ 21,477,768.85
TZL TZ Limited 0.145 16 1175506 $ 14,709,051.50
BUX Buxton Resources 0.11 16 804002 $ 12,925,266.04
ACW Actinogen Medical 0.081 16 13569972 $ 116,239,098.29
PNM Pacific Nickel Mines 0.06 15 20000 $ 11,174,541.87
SBW Shekel Brainweigh 0.115 15 9428 $ 15,317,500.00
ICG Inca Minerals 0.155 15 1679923 $ 54,574,074.00
DTR Dateline Resources 0.004 14 1200000 $ 30,908,773.27
MCM Mc Mining 0.12 14 30167 $ 16,214,053.28
PEX Peel Mining 0.34 13 1344830 $ 125,429,327.10
CDT Castle Minerals 0.018 13 26706273 $ 11,720,013.09
FGO Fargo Enterprises 0.0045 13 808184 $ 4,743,026.81
MTB Mount Burgess Mining 0.009 13 100000 $ 5,281,190.39
ROG Red Sky Energy 0.009 13 14229610 $ 37,051,377.58
HXG Hexagon Energy 0.009 13 881033 $ 39,249,216.78

Spain-based mine developer Infinity Lithium (ASX:INF) has bounced back from a precipitous fall, sparked by the cancellation of a project permit on May 17.

The company – which has lodged an appeal against the decision — said it met with the European Commission VP “to directly address the current status of the project”.

Alongside mine finder Chalice (ASX:CHN), Caspin Resources (ASX:CPN) – formerly Cassini – was hunting nickel-copper-PGEs in the Julimar region near Perth well before it was cool.

Today it announced “significant widths of sulphides” in two holes 1.25km apart at the flagship Yarawindah Brook project.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Monday, May 24:

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

CODE COMPANY PRICE % CHANGE VOLUME MARKET CAP
CLZ Classic Minerals 0.0015 -25 69803720 $ 39,693,264.37
MLS Metals Australia 0.0015 -25 4312017 $ 8,454,376.09
AYM Australia United Min 0.007 -22 9448 $ 16,583,197.37
TSC Twenty Seven Co. 0.004 -20 1042000 $ 13,303,447.81
FTC Fintech Chain 0.049 -16 486040 $ 37,744,636.10
HNR Hannans 0.006 -14 443372 $ 16,519,840.34
NTL New Talisman Gold 0.003 -14 125000 $ 9,772,788.77
TTA TTA Holdings 0.024 -14 70000 $ 3,847,855.48
VPR Volt Power Group 0.003 -14 292143 $ 32,093,367.45
WOO Wooboard Tech 0.003 -14 28810898 $ 13,377,569.60
JHL Jayex Healthcare 0.031 -14 543300 $ 7,249,068.86
NES Nelson Resources. 0.061 -13 809914 $ 10,183,123.44
KNM Kneomedia Limited 0.007 -13 213611 $ 7,905,973.28
RXH Rewardle Holding 0.015 -12 1677052 $ 8,947,465.30
PEC Perpetual Res 0.12 -11 1839244 $ 64,331,334.54
DDD 3D Resources Limited 0.004 -11 697399 $ 16,291,674.41
CDY Cellmid Limited 0.057 -11 1887323 $ 11,995,555.84
AJQ Armour Energy 0.025 -11 4199142 $ 42,834,851.36
KTA Krakatoa Resources 0.06 -10 1845506 $ 18,689,650.00
4CE Force Com 0.026 -10 7947165 $ 29,548,124.88

Biotech Jayex Healthcare (ASX:JHL) fell after announcing a small cap raise at a ~16% discount to the pre-open share price.