Despite showing some signs of strength today, the Australian bourse is poised to close the week in the red, much like how Christmas Island is currently swamped by the annual migration of its iconic red crabs.

Roads on the distant Australian island have been shut down by the waves of crabs heading for their breeding grounds for some nookie.

That’s unlike the market, which has been hit by concerns that the US will tighten its monetary policy and impact on the recovery from the pandemic.

As of midday, the ASX 200 is down 0.84% for the week.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for November 12 – November 19 [intraday]:

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Code Company Price ReturnWRoll% MktCap$
OAK Oakridge 0.002 100 $ 6,878,585.84
PCL Pancontinental Energ 0.002 100 $ 7,034,222.81
IDZ Indoor Skydive Aust 0.047 88 $ 15,151,504.46
LCY Legacy Iron Ore 0.025 79 $ 179,332,678.48
EMT Emetals Limited 0.023 64 $ 6,225,000.00
HAW Hawthorn Resources 0.09 64 $ 33,351,561.30
X2M X2M Connect Limited 0.235 62 $ 11,310,456.48
ECT Env Clean Tech Ltd. 0.059 59 $ 70,972,154.93
ICI Icandy Interactive 0.15 53 $ 79,396,668.59
GRV Greenvale Mining Ltd 0.395 52 $ 162,747,378.66
KOR Korab Resources 0.075 50 $ 27,895,800.00
NPM Newpeak Metals 0.0015 50 $ 11,055,152.65
PBX Pacific Bauxite Ltd 0.003 50 $ 1,189,842.10
STM Sunstone Metals Ltd 0.0995 49 $ 234,876,702.80
EFE Eastern Iron 0.078 42 $ 74,289,988.29
FFG Fatfish Group 0.0765 42 $ 77,709,740.78
MEM Memphasys Ltd 0.1 41 $ 78,425,655.36
ELE Elmore Ltd 0.025 39 $ 15,366,613.77
MI6 Minerals260Limited 0.685 38 $ 149,600,000.00
PNR Pantoro Limited 0.325 38 $ 464,969,570.34
CPN Caspin Resources 1.155 38 $ 80,992,023.60
LVE Love Group Global 0.15 36 $ 6,080,125.35
KWR Kingwest Resources 0.19 36 $ 45,905,999.75
HMD Heramed Limited 0.305 36 $ 55,814,433.57
RAN Range International 0.023 35 $ 18,957,600.65
DEV Devex Resources Ltd 0.51 32 $ 146,221,134.33
KMT Kopore Metals Ltd 0.037 32 $ 23,879,389.30
TLM Talisman Mining 0.185 32 $ 35,670,504.43
MOZ Mosaic Brands Ltd 0.78 31 $ 69,597,309.60
MKL Mighty Kingdom Ltd 0.19 31 $ 19,706,307.24
TRT Todd River Res Ltd 0.099 30 $ 50,846,101.40
ENX Enegex Limited 0.1 30 $ 14,700,026.75

Oakridge (ASX:OAK), Pancontinental Energy (ASX:PCL) +100%

Both Oakridge and Pancontinental jumped on no news this week.

Legacy Iron Ore (ASX:LCY) +79%, Hawthorn Resources (ASX:HAW) +64%

Shares in the two companies climbed after reaching a farm-out deal with Hancock Prospecting.

Gina Rinehart’s company will make an initial investment of $9m ($8m in cash and $1m as working capital) to earn an initial 30% interest in the Mt Bevan magnetite iron ore project.

It can earn a further 21% by funding the completion of a pre-feasibility study.

eMetals (ASX:EMT) +64%

Shares in the company soared after reaching a binding agreement to acquire the 469sqkm Salmon Gums project that is prospective for ionic clay (IAC) rare earths in Western Australia’s Eucla Basin.

IAC deposits are typically found in southern China and are commonly considered to be some of the cheapest and most readily accessible sources of heavy rare earths, as well as making up a significant percentage of the world’s total output.

This is also well-timed as rare earth prices have hit decade highs.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for November 12 – November 19 [intraday]:

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Code Company Price % 1 Week MktCap$
GGG Greenland Minerals 0.076 -39 $ 104,838,032.99
TYM Tymlez Group 0.022 -35 $ 23,684,436.55
MNS Magnis Energy Tech 0.445 -35 $ 480,294,421.68
OVT Ovato Limited 0.002 -33 $ 24,425,624.50
TOM Tomizone Limited 0.002 -33 $ 850,401.35
CPH Creso Pharma Ltd 0.1025 -29 $ 120,811,172.00
MHK Metalhawk. 0.305 -28 $ 14,431,195.17
LDR Lode Resources 0.22 -27 $ 7,726,261.93
MCE Matrix C & E Ltd 0.165 -27 $ 17,906,250.08
PCH Property Connect 0.0015 -25 $ 1,028,795.21
TNG TNG Limited 0.075 -25 $ 109,684,213.04
PH2 Pure Hydrogen Corp 0.57 -23 $ 188,325,517.80
AIM Ai-Media Technologie 0.755 -23 $ 163,413,989.70
PAK Pacific American Hld 0.018 -22 $ 7,513,910.21
KAI Kairos Minerals Ltd 0.0295 -20 $ 48,628,936.40
GLA Gladiator Resources 0.028 -20 $ 12,586,587.41
AER Aeeris Ltd 0.16 -20 $ 11,330,217.28
AO1 Assetowl Limited 0.004 -20 $ 3,264,820.42
LAM Laramide Res Ltd 0.93 -20 $ 1,143,046.26
AGY Argosy Minerals Ltd 0.27 -19 $ 351,024,323.16
IQ3 Iq3Corp Limited 0.125 -19 $ 13,042,625.13
ERG Eneco Refresh Ltd 0.03 -19 $ 8,170,750.41
IVX Invion Ltd 0.022 -19 $ 134,890,608.91
TTB Total Brain Ltd 0.11 -19 $ 14,006,068.76
VEE Veem Ltd 0.96 -18 $ 125,540,493.10
EVZ EVZ Limited 0.135 -18 $ 13,456,342.76
XTC Xantippe Res Ltd 0.0045 -18 $ 20,382,822.01
AAP Australian Agri Ltd 0.027 -18 $ 8,236,123.90

Greenland Minerals (ASX:GGG) -39%

Greenland Minerals continues to feel the impact of last week’s announcement that the Greenland government had passed new legislation banning mining of mineral resources with uranium content of 100 parts per million or greater in the total resource.