ASX Small Cap Lunch Wrap: Mormons go to the moon on savvy GameStop investment

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