Weekly ASX small cap wrap: Is this normal?

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.

ZEUS RESOURCES (ASX:ZEU)+85%

(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