ASX Small Cap Lunch Wrap: Who's dreaming of the Pacific today?

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.

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:

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

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:

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

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