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