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