There are 27 amendments to the US Constitution, the most famous of which is probably the 5th.

By “pleading the Fifth”, accused defendants can choose not to answer questions which may incriminate them.

But in focus this week is the 25th, which allows Congress to remove a sitting president from active duties if they are deemed unfit.

House speaker Nancy Pelosi flagged plans to discuss the 25th Amendment with the media at her press conference tomorrow. Although with Congress not currently in session, any drastic moves are unlikely in the near term.

Back at the White House, President Trump posted a video declaring he was fighting fit and that moves were afoot to accelerate the rollout of COVID-19 treatments.

Amid all the posturing, markets are focused on two main things — whether Congress can agree on an additional stimulus plan, and whether there’ll be a decisive US election result on November 3.

For now, local markets are ending the week on a watchful note after a strong rally in the wake of some budget stimulus of our own on Tuesday night.

The ASX200 has dipped slightly into the red, with stronger performances in both the Small Ords Index and the Emerging Companies Index.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Friday, October 9:

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CODE NAME PRICE % CHANGE MARKET CAP
EMT Emetals Limited 0.046 53 $ 12,006,000
NXE New Energy Minerals 0.026 44 $ 3,320,489
MAR Malachite Resources 0.059 44 $ 5,109,555
NPM Newpeak Metals 0.0035 40 $ 10,912,906
RMX Red Mount Min Ltd 0.125 39 $ 10,145,902
PSL Paterson Resources 0.004 33 $ 12,010,063
AQS Aquis Ent Ltd 0.022 29 $ 607,226
PPY Papyrus Australia 0.048 26 $ 11,909,922
CAV Carnavale Resources 0.015 25 $ 20,453,762
CZN Corazon Ltd 0.0025 25 $ 6,506,718
GGX Gas2Grid Limited 0.0025 25 $ 2,647,994
EN1 Engage:Bdr Limited 0.006 20 $ 8,617,778
4DX 4Dmedical Limited 2.26 19 $ 313,910,995
EGL Environmental Group 0.04 18 $ 8,772,574
MEY Marenica Energy Ltd 0.105 17 $ 12,902,886
MRQ Mrg Metals Limited 0.0105 17 $ 12,149,565
MSR Manas Res Ltd 0.007 17 $ 15,858,975
ENX Enegex Limited 0.072 16 $ 7,759,100
PNX PNX Metals Limited 0.0155 15 $ 25,426,215
DOU Douugh Limited 0.078 15 $ 20,729,688

 

Today’s winner’s list was dominated by small cap resources explorers.

The top six positions (in percentage terms) were all filled by junior explorers, all of which rose by around 40 per cent on no news.

Conversion technology company Papyrus (ASX:PPY) rose strongly again following the release of its 2020 annual report this morning.

After trading below 3c for the better part of a decade, shares in PPY jumped to a high of 6.5c in recent days after the company received a $500,000 strategic investment from small cap fund manager L39 Capital.

Papyrus’ tech converts the trunk of banana palms into a range of products normally derived from wood such as paper and furniture.

 

LOSERS

Here are the best performing ASX small cap stocks at 12pm Friday, October 9:

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CODE NAME PRICE % CHANGE MARKET CAP
MRD Mount Ridley Mines 0.002 -33 $ 8,048,382
AQX Alice Queen Ltd 0.032 -26 $ 46,901,758
CLZ Classic Min Ltd 0.0015 -25 $ 26,678,279
YPB YPB Group Ltd 0.003 -25 $ 11,703,290
KPE Kina Petroleum Corp 0.405 -22 $ 6,602,448
MNB Minbos Resources Ltd 0.002 -20 $ 16,256,403
VAL Valor Resources Ltd 0.004 -20 $ 9,604,240
MSI Multistack Internat. 0.023 -18 $ 3,144,510
GLA Gladiator Resources 0.0025 -17 $ 6,983,503
ARR American Rare Earths 0.13 -16 $ 45,092,537
RNX Renegade Exploration 0.006 -14 $ 4,988,386
TPD Talon Petroleum Ltd 0.003 -14 $ 15,231,263
REY REY Resources Ltd 0.165 -13 $ 40,310,483
DVL Dorsavi Ltd 0.04 -13 $ 10,645,666
AOA Ausmon Resorces 0.007 -13 $ 5,212,315
IVT Inventis Limited 0.007 -13 $ 7,494,927
RTE Retech Tech Co., Ltd 0.295 -12 $ 78,025,732
FIN FIN Resources Ltd 0.03 -12 $ 9,917,509
PLL Piedmont Lithium Ltd 0.535 -12 $ 698,968,725