Australia’s space industry could be poised to take off after the government gave a shout-out to the launch of the first rocket powered by Australian-made fuel.

Queensland’s Black Sky Aerospace has successfully used its proprietary solid rocket fuel for a launch in outback Queensland earlier this month, a move that Minister for Industry, Science and Technology Karen Andrews says could provide the local space industry with its own reliable, onshore fuel manufacturing for the first time.

“It will boost the economy, and create new skilled jobs, as we rocket toward our goal of tripling the size of the local space sector to $12 billion and an extra 20,000 jobs by 2030,” she added.

This comes as the market bounced back from yesterday’s fall with small caps up 1.36 per cent to 3,127.6.

ASX SMALL CAP WINNERS

Redflex Holdings (ASX:RDF) +120%

The traffic management products supplier climbed this week after reporting that it had received $14.2m worth of new contract orders in the second quarter of the 2021 financial year, taking its total new business orders up to $33.9m.

It also had $2.5m of contract renewals in the quarter.

Hawkstone Mining (ASX:HWK) +89%

With the focus on renewable energy and electrification, Hawkstone’s announcement that it had achieved lithium recoveries of 90 per cent at its Big Sandy Project was well received by investors.

It is now developing an intellectual property development program focused on certain unit operations of the planned flow sheet, and optimisation of the planned interlocking steps of ore beneficiation, slurry pipeline transport and ore leaching.

Here are the best performing ASX small cap stocks for January 22 – January 29 [intraday]:

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CODE NAME PRICE 1 WEEK CHANGE % MARKET CAP
BPH BPH Energy Ltd 0.195 298 $ 140,075,370.96
BUY Bounty Oil & Gas NL 0.039 136 $ 51,530,846.15
RDF Redflex Holdings 0.88 120 $ 132,231,787.20
HWK Hawkstone Mng Ltd 0.053 89 $ 81,624,971.27
GME GME Resources Ltd 0.13 88 $ 47,333,689.05
RNU Renascor Res Ltd 0.037 85 $ 66,628,393.36
MGT Magnetite Mines 0.031 82 $ 88,546,947.96
RLT Renergen Limited 2.26 82 $ 26,456,250.51
MNS Magnis Energy Tech 0.335 81 $ 273,752,240.25
CCE Carnegie Cln Energy 0.0035 75 $ 34,596,205.67
XST Xstate Resources 0.012 71 $ 12,678,686.29
LKE Lake Resources 0.315 58 $ 315,410,228.64
QXR Qx Resources Limited 0.023 53 $ 14,945,345.02
PTX Prescient Ltd 0.125 52 $ 83,271,891.30
IBG Ironbark Zinc Ltd 0.0335 52 $ 23,513,802.85
ANW Aus Tin Mining 0.0015 50 $ 7,635,019.31
AYM Australia United Min 0.012 50 $ 27,638,662.28
CLZ Classic Min Ltd 0.0015 50 $ 17,034,968.31
PBX Pacific Bauxite Ltd 0.003 50 $ 1,189,842.10
PCL Pancontinental Oil 0.0015 50 $ 8,110,073.23
ECT Env Clean Tech Ltd. 0.0015 50 $ 9,601,032.79
ELT Elementos Limited 0.016 45 $ 38,955,917.06
PWN Parkway Minls NL 0.0215 43 $ 41,816,587.63
TMH The Market Herald 0.5 43 $ 94,884,169.50
MNB Minbos Resources Ltd 0.1025 42 $ 35,117,500.22
MRQ Mrg Metals Limited 0.017 42 $ 23,283,673.93
AWN AWN Holdings Limited 1.4 41 $ 57,111,983.48
ENA Ensurance Ltd 0.021 40 $ 11,990,080.87
CG1 Carbonxt Group 0.245 40 $ 32,618,548.48
AZI Alta Zinc Ltd 0.007 40 $ 25,274,894.23
KGD Kula Gold Limited 0.0515 39 $ 9,348,337.92
DDD 3D Resources Limited 0.055 38 $ 18,076,860.46
GRV Greenvale Mining Ltd 0.165 38 $ 59,750,180.70
ZEU Zeus Resources Ltd 0.026 37 $ 4,683,900.00
FSG Field Solu Hldgs Ltd 0.06 36 $ 28,288,183.59

ASX SMALL CAP LOSERS

Crowd Media Holdings (ASX:CM8) -26%

Shares in the social commerce business feel after chief executive Domenic Carosa tendered his resignation.

He will remain a non-executive director and substantial shareholder of the company.

Here are the worst performing ASX small cap stocks for January 22 – January 29 [intraday]:

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CODE COMPANY PRICE 1 WEEK RETURN % MARKET CAP
BOC Bougainville Copper 0.4025 -33 $ 180,478,125.00
TOM Tomizone Limited 0.002 -33 $ 850,401.35
VMG VDM Group Limited 0.002 -33 $ 17,319,152.38
FPL Fremont Petroleum 0.0035 -30 $ 16,363,127.15
STN Saturn Metals 0.43 -28 $ 48,809,029.50
HT8 Harris Technology Gl 0.145 -28 $ 39,524,299.56
EM1 Emerge Gaming Ltd 0.053 -27 $ 46,386,965.14
PLS Pilbara Min Ltd 0.995 -27 $ 3,099,585,741.28
CM8 Crowd Media Limited 0.043 -26 $ 24,999,880.45
WBT Weebit Nano Ltd 3.04 -26 $ 386,551,645.36
FGO Fargo Enterprises 0.003 -25 $ 4,743,026.81
PCH Property Connect 0.0015 -25 $ 1,028,795.21
PAM Pan Asia Metals 0.165 -25 $ 8,895,919.80
TYM Tymlez Group 0.046 -25 $ 14,309,806.68
MQR Marquee Resource Ltd 0.062 -24 $ 6,609,336.43
14D 1414 Degrees Limited 0.21 -22 $ 42,996,873.47
BRL Bathurst Res Ltd. 0.047 -22 $ 90,604,529.84
LV1 Live Verdure Ltd 0.2 -22 $ 8,805,995.22
ENV Enova Mining Limited 0.04 -22 $ 13,546,353.76
ZLD Zelira Therapeutics 0.077 -21 $ 112,605,681.77
BCK Brockman Mining Ltd 0.044 -21 $ 408,286,213.76
MEB Medibio Limited 0.0095 -21 $ 12,128,963.12
TRN Torrens Mining 0.21 -21 $ 14,626,576.14
TD1 Tali Digital Limited 0.042 -21 $ 34,075,338.29
ADD Adavale Resource Ltd 0.065 -21 $ 18,559,624.01
WCN White Cliff Min Ltd 0.023 -21 $ 12,411,236.38
RCR Rincon 0.27 -21 $ 10,223,595.25
NC6 Nanollose Limited 0.155 -21 $ 18,468,109.73
ICN Icon Energy Limited 0.016 -20 $ 11,952,138.76
ROG Red Sky Energy. 0.002 -20 $ 6,079,805.49
TPD Talon Petroleum Ltd 0.004 -20 $ 19,583,052.86
WSA Western Areas Ltd 2.36 -20 $ 676,664,832.30
FYI FYI Resources Ltd 0.37 -20 $ 111,572,015.93
LCL Los Cerros Limited 0.165 -20 $ 77,348,621.13