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Weekly ASX small cap wrap: Is this normal?
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How do you hedge against a falling market?
Buy into the cult of Gamestop (NYSE:GME). Naturally.
Recognize the fact that the entire market is BLEEDING RED and yet GME has barely even budged from $120. Now that, is DIAMOND HANDS 🦍💎🙌🏼🚀🚀🚀 from r/wallstreetbets
Oh wait … now it’s at $US132.35/ share.
Nothing makes sense anymore and we are all for it.
ASX SMALL CAP WINNERS
| CODE | COMPANY | PRICE | WEEKLY RETURN % [INTRADAY FRI] | MARKET CAP |
|---|---|---|---|---|
| MCX | Mariner Corp | 0.09 | 150 | $ 4,324,789.98 |
| GLE | GLG Corp | 0.29 | 142 | $ 21,489,000.00 |
| ZEU | Zeus Resources | 0.05 | 85 | $ 5,224,350.00 |
| AQC | Auspaccoal | 0.22 | 83 | $ 6,310,601.25 |
| INV | Investsmart Group | 0.17 | 79 | $ 23,551,720.95 |
| MAN | Mandrake Res | 0.145 | 73 | $ 46,843,876.24 |
| TAS | Tasman Resources | 0.086 | 65 | $ 61,115,226.60 |
| ATR | Astron Corp | 0.41 | 64 | $ 50,215,601.98 |
| TOU | Tlou Energy | 0.074 | 54 | $ 34,663,136.57 |
| VML | Vital Metals Limited | 0.07 | 52 | $ 176,529,845.05 |
| ANL | Amani Gold | 0.0015 | 50 | $ 16,180,495.12 |
| PBX | Pacific Bauxite | 0.003 | 50 | $ 1,189,842.10 |
| CAQ | CAQ Holdings | 0.031 | 41 | $ 22,251,374.71 |
| CAE | Cannindah Resources | 0.036 | 38 | $ 12,030,675.17 |
| TPD | Talon Petroleum | 0.0055 | 38 | $ 26,758,947.63 |
| VAN | Vango Mining | 0.074 | 37 | $ 57,865,236.86 |
| ARC | Aust Rural Cap | 0.26 | 37 | $ 3,883,872.00 |
| BRK | Brookside Energy | 0.015 | 36 | $ 23,120,420.30 |
| AJL | AJ Lucas Group | 0.034 | 36 | $ 44,262,605.50 |
| BAS | Bass Oil | 0.002 | 33 | $ 5,013,210.14 |
| SKS | SKS Tech Group | 0.22 | 33 | $ 20,955,032.70 |
| DCL | Domacom Limited | 0.08 | 31 | $ 21,711,360.79 |
| TPC | TPC Consolidated | 2.71 | 29 | $ 30,827,911.23 |
| WTL | Wt Financial Grp | 0.09 | 29 | $ 15,045,471.00 |
| AVR | Anteris Technologies | 9.16 | 27 | $ 59,119,227.00 |
| TMX | Terrain Minerals | 0.01 | 25 | $ 7,357,610.09 |
| YPB | YPB Group | 0.0025 | 25 | $ 11,802,628.22 |
| NMR | Native Mineral Resources | 0.31 | 24 | $ 9,364,387.50 |
| RMI | Resource Mining Corp | 0.021 | 24 | $ 6,843,775.72 |
| VBC | Verbrec Limited | 0.21 | 24 | $ 42,006,147.54 |
| JYC | Joyce Corporation | 2.45 | 23 | $ 67,604,556.00 |
| VIA | Viagold Rare Earth | 0.061 | 22 | $ 5,082,056.64 |
| A1G | African Gold . | 0.23 | 21 | $ 20,943,304.12 |
| FSG | Field Solu Hldgs | 0.088 | 21 | $ 46,969,059.54 |
It was the perfect time not to invest in the stock market and these stocks still managed to eke out some gains. Kudos.
GLG CORP (ASX:GLE) +142%
(Up on no news)
Clothing maker GLG diversified into masks during the pandemic, which turned out to be a decent money maker.
The stock announced a 32.3 per cent revenue increase, from $US75 to $US100m, in 2020. Net profit was $US1.3m, up from $400,000 in 2019.
(Up on no news)
Zeus — a shell company with no active projects — is looking for gold and copper exploration ground exclusively in Laos, for some reason.
In response to a price enquiry from the ASX, the $9m market cap snoozer claimed it was “not aware of any matter that would have affected the recent trading in its securities”.
MANDRAKE RESOURCES (ASX:MAN) +73%
(Up on no news)
“Is there a re rate around the corner for this explorer??” asked expert stock picker Simon Popple earlier this week.
Yes.
TASMAN RESOURCES (ASX:TAS) +65%
In 2019, major miner Fortescue Metals (ASX:FMG) formed an exploration joint venture with Tasman over the Vulcan iron oxide-copper-gold-uranium (“IOCGU”) prospect, only 30km north of BHP’s massive Olympic Dam mine in South Australia.
Iron oxide copper gold ore deposits (IOCG), like Olympic Dam, can be tremendously large, and simple-to-process concentrations of copper, gold and uranium ores.
A recent, deep two-hole drilling program to test the Vulcan North gravity anomaly has intersected “substantial downhole widths of hematite breccia which is often a significant host to mineralisation in IOCG deposits”, Tasman says.
Tasman has been chipping away at this project for over a decade, so a big mineral discovery would be something special.
ASX SMALL CAP LOSERS
| CODE | COMPANY | PRICE | WEEKLY RETURN % [INTRADAY FRI] | MARKET CAP |
|---|---|---|---|---|
| CLZ | Classic Min | 0.001 | -50 | $ 17,556,867.35 |
| AQS | Aquis Ent | 0.25 | -47 | $ 9,822,773.40 |
| BPH | BPH Energy | 0.105 | -45 | $ 69,816,535.85 |
| NXL | Nuix Limited | 5.04 | -44 | $ 1,681,715,408.20 |
| SRZ | Stellar Resources | 0.021 | -42 | $ 17,107,531.17 |
| TER | Terracom | 0.083 | -41 | $ 61,795,825.66 |
| LCY | Legacy Iron Ore | 0.014 | -39 | $ 96,071,077.76 |
| MXC | Mgc Pharmaceuticals | 0.061 | -36 | $ 156,016,581.42 |
| BUY | Bounty Oil & Gas NL | 0.025 | -36 | $ 27,410,024.55 |
| SBR | Sabre Resources | 0.0045 | -36 | $ 7,573,786.42 |
| LME | Limeade, Inc. | 0.965 | -36 | $ 236,830,637.76 |
| TML | Timah Resources | 0.052 | -35 | $ 4,768,102.30 |
| TOM | Tomizone Limited | 0.002 | -33 | $ 850,401.35 |
| CYQ | Cycliq Group | 0.002 | -33 | $ 5,759,231.41 |
| CFO | Cfoam Limited | 0.022 | -33 | $ 11,876,812.68 |
| APG | Austpac Resources NL | 0.001 | -33 | $ 3,165,662.96 |
| ADO | Anteotech | 0.165 | -33 | $ 337,273,441.74 |
| NVU | Nanoveu Limited | 0.044 | -32 | $ 8,130,720.26 |
| BPM | BPM Minerals | 0.215 | -32 | $ 6,187,500.00 |
| SUH | Southern Hem Min | 0.039 | -32 | $ 9,533,150.52 |
| DTC | Damstra Holdings | 0.91 | -32 | $ 171,868,079.60 |
| AOU | Auroch Minerals | 0.175 | -31 | $ 55,806,660.05 |
| EMN | Euromanganese | 0.46 | -31 | $ 96,262,524.77 |
| GED | Golden Deeps | 0.009 | -31 | $ 7,748,514.40 |
| CCE | Carnegie Cln Energy | 0.0035 | -30 | $ 50,992,346.13 |
| FRX | Flexiroam Limited | 0.042 | -30 | $ 23,530,410.41 |
| VR1 | Vection Technologies | 0.081 | -30 | $ 79,199,621.85 |
| PEN | Peninsula Energy | 0.1 | -29 | $ 98,268,678.75 |
| NNG | Nexion Group | 0.23 | -29 | $ 14,317,628.85 |
| ICI | Icandy Interactive | 0.1 | -29 | $ 62,631,436.89 |
| KTE | K2 Energy | 0.038 | -28 | $ 12,026,286.04 |
| CVV | Caravel Minerals | 0.14 | -28 | $ 53,884,496.52 |
| CRO | Cirralto | 0.079 | -28 | $ 154,229,195.06 |
| RCL | Readcloud | 0.4 | -28 | $ 49,693,371.42 |
| CHK | Cohiba Min | 0.039 | -28 | $ 59,731,750.47 |
| COB | Cobalt Blue | 0.365 | -28 | $ 95,671,286.10 |
| TNT | Tesserent Limited | 0.235 | -28 | $ 250,404,800.00 |
