Last week was a big week.

And with this year’s Melbourne Cup in the books, we wouldn’t blame you for mentally checking out of 2020 and dreaming of a Pacific island retreat (see you after Australia Day).

But the markets never sleep. That includes auction markets, where an iconic black Australian opal will go under the hammer later this month where it’s expected to fetch around $700k.

Weighing in at 443.56 carats, it’s known as ‘The Pacific’ because of its vibrant blue colour.

Australian black opal

The seller is Lightning Ridge opal miner Gerald O’Brien, who’s set to close his trade on a longterm buy-and-hold strategy after first discovering the opal in 1989.

Speaking of buying, there was plenty of it on the ASX this morning as a semblance of US political clarity emerged over the weekend.

Joe Biden has made his presidential acceptance speech, although Donald Trump is yet to concede.

But a potential Goldilocks outcome in the election washout has prompted a surge in risk appetite, with stocks climbing across the board.

The ASX Emerging Companies Index is holding three per cent higher — on track for its biggest intraday rally since July 21.

‘Store of value’ assets are also outperforming, with gold back above $US1,950 an ounce while Bitcoin is on the march.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Monday November 9:

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Code Name Price % Change Market Cap
ANL Amani Gold Ltd 0.0015 50 $ 9,386,996.75
MLS Metals Australia 0.0015 50 $ 4,190,903.58
VMG VDM Group Limited 0.003 50 $ 13,855,321.90
DRX Diatreme Resources 0.019 46 $ 30,151,083.90
PPY Papyrus Australia 0.071 39 $ 15,984,368.95
ALC Alcidion Group Ltd 0.17 38 $ 123,836,756.50
BAS Bass Oil Ltd 0.002 33 $ 5,013,210.14
CCE Carnegie Cln Energy 0.002 33 $ 16,712,178.68
SIT Site Group Int Ltd 0.029 32 $ 18,507,392.79
CGB Cann Global Limited 0.0065 30 $ 19,357,537.89
EMH European Metals Hldg 0.705 28 $ 63,766,395.55
EXL Elixinol Global 0.185 28 $ 27,961,374.28
ROG Red Sky Energy. 0.0025 25 $ 4,092,366.55
ARD Argent Minerals 0.058 23 $ 39,427,428.15
GRL Godolphin Resources 0.325 20 $ 18,673,091.19
GIB Gibb River Diamonds 0.155 19 $ 26,781,227.85
MLM Metallica Minerals 0.025 19 $ 6,801,721.31
GEV Global Ene Ven Ltd 0.11 18 $ 35,988,974.74
AZS Azure Minerals 0.425 18 $ 87,189,342.12
IMC Immuron Limited 0.265 18 $ 50,422,501.35

Diatreme Resources (ASX:DRX) turned heads at the opening bell, ripping higher before going into a trading halt at 10:58am AEDT pending a further announcement.

In a quarterly cashflow update on October 30, DRX said it was advancing environmental approvals for its Galalar silica project in Queensland, after initial drilling programs in August highlighted “expansion potential”, the company said.

Also on the winner’s list was digital health company Alcidion (ASX:ALC), which continues to make headway with the UK’s National Health Service for the deployment of its digitised patient data platform.

The company announced a new deal with the regional South Tees hospital network in North-East England, with a total contract value of $9.5m.

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Monday November 9:

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Code Name Price % Change Market Cap
OEX Oilex Ltd 0.001 -33 $ 6,179,445.00
CLZ Classic Min Ltd 0.0015 -25 $ 26,678,279.47
NPM Newpeak Metals 0.003 -25 $ 17,460,650.04
XPE Xped Limited 0.015 -25 $ 3,585,724.05
CGS Cogstate Ltd 1.00 -24 $ 222,859,379.84
MCM Mc Mining Ltd 0.18 -22 $ 35,516,497.65
RFN Reffind Limited 0.002 -20 $ 3,108,146.55
ADX ADX Energy Ltd 0.005 -17 $ 10,288,329.52
ALT Analytica Limited 0.0025 -17 $ 10,558,837.00
GLA Gladiator Resources 0.0025 -17 $ 6,983,502.51
ADV Ardiden Ltd 0.028 -13 $ 67,937,980.29
AU1 The Agency Group Aus 0.035 -13 $ 11,958,203.96
AEV Avenira Limited 0.017 -11 $ 16,394,203.54
AMT Allegra Orthopaedics 0.135 -10 $ 15,668,880.45
AU8 Aumake Int Ltd 0.066 -10 $ 26,926,379.52
KFE Kogi Iron Ltd 0.019 -10 $ 16,265,250.25
PAM Pan Asia Metals 0.145 -9 $ 7,809,376.96
IVX Invion Ltd 0.01 -9 $ 60,539,587.97
OGA Ocean Grown Abalone 0.09 -9 $ 19,873,535.22
MEP Minotaur Exploration 0.105 -9 $ 56,740,849.93