It’s the end of another week at the start of a new year and…things are happening. (Mostly good things, as far as the market is concerned).

The ASX Emerging Companies index for microcap stocks reversed two straight falls on Monday and Tuesday and is on track to close at its highest level since 2011.

After two months of legal challenges, fake election claims and an attack on the Capitol, there are signs Donald Trump is preparing to leave the White House.

So too, apparently, is this bust of Abraham Lincoln (?):

Poaching a couple of cheeky items on your way out the door — rental tenants the world over could relate.

Although we’re not sure if Trump will be required to complete a professional clean and hand back the keys to the agent.

Of course, this all means Joe Biden is set to assume the Presidential office on January 20th, and by the looks of things he’s getting ready to spend some cash.

With additional US government stimulus in the works, gold prices edged higher while oil is back at a 10-month high to end the week.

Oh, and have you heard of Tolga Kumova? The mining expert reckons Aussie resources are set to benefit from the Democrats’ desire for a big push on US infrastructure spending.

ASX tech stocks weren’t left out, as the well-populated BNPL sector — a 2020 market darling — posted more big gains to end the week. Afterpay (ASX:APT) is now a $32bn company valued at ~$130 per share.
 

ASX SMALL CAP WINNERS

CODE NAME PRICE 1 WEEK CHANGE % MARKET CAP
SYA Sayona Mining Ltd 0.042 200 $ 149,425,352.56
NC6 Nanollose Limited 0.12 131 $ 16,031,127.83
SAN Sagalio Energy Ltd 0.03 131 $ 6,753,784.29
SHE Stonehorse Energy Lt 0.03 114 $ 9,872,244.65
HXG Hexagon Energy 0.115 85 $ 31,626,559.34
COY Coppermoly Limited 0.022 83 $ 46,798,707.76
SOR Strategic Elements 0.55 80 $ 179,730,448.23
VUL Vulcan Energy 6.7 80 $ 393,879,512.30
ARU Arafura Resource Ltd 0.23 77 $ 233,559,486.00
COB Cobalt Blue Ltd 0.375 70 $ 80,263,209.51
MNB Minbos Resources Ltd 0.064 68 $ 20,331,184.34
ODY Odyssey Gold Ltd 0.072 67 $ 31,224,601.40
ASN Anson Resources Ltd 0.06 67 $ 53,038,258.16
GGX Gas2Grid Limited 0.004 60 $ 5,343,987.94
EMN Euromanganese 0.75 58 $ 134,723,438.64
ANP Antisense Therapeut. 0.195 56 $ 106,187,811.64
LSA Lachlan Star Ltd 0.028 56 $ 25,125,507.24
ZEO Zeotech Limited 0.083 54 $ 114,644,094.72
CCZ Castillo Copper Ltd 0.069 50 $ 67,946,456.87
PRL Province Resources 0.021 50 $ 12,749,363.20
TPD Talon Petroleum Ltd 0.0045 50 $ 17,407,158.10
CLZ Classic Min Ltd 0.0015 50 $ 16,734,968.31
ECT Env Clean Tech Ltd. 0.0015 50 $ 9,601,032.79
PBX Pacific Bauxite Ltd 0.003 50 $ 1,189,842.10
VMG VDM Group Limited 0.003 50 $ 20,782,982.86
RHI Red Hill Iron 0.35 49 $ 20,957,352.15
LKE Lake Resources 0.115 46 $ 87,720,005.52
PEC Perpetual Res Ltd 0.08 45 $ 30,913,959.81
LER Leaf Res Ltd 0.065 44 $ 55,978,355.27
EUR European Lithium Ltd 0.072 44 $ 45,045,471.07
HWK Hawkstone Mng Ltd 0.015 43 $ 19,650,456.05
SXA Strata-X Energy Ltd 0.12 43 $ 13,087,007.76
ADX ADX Energy Ltd 0.0085 42 $ 13,708,098.94
NWE Norwest Energy NL 0.0085 42 $ 33,141,269.52
SLX Silex Systems 1.64 41 $ 266,061,702.06
BIR BIR Financial Ltd 0.024 41 $ 1,950,008.88
BRU Buru Energy 0.155 41 $ 66,971,507.36
EME Energy Metals Ltd 0.19 41 $ 41,936,662.40
CRO Cirralto Ltd 0.0605 41 $ 98,394,670.60
FGO Fargo Enterprises 0.0035 40 $ 4,743,026.81
YPB YPB Group Ltd 0.0035 40 $ 16,913,435.92
ESS Essential Metals Ltd 0.12 40 $ 22,017,166.27

 

No less than 42 ASX small caps posted a weekly gain of at least 40 per cent this week.

After a couple of years in the investor wilderness, lithium is back with a bang.

Small cap gains this week were led by lithium player Sayona Mining (ASX:SYA), which jumped sharply after announcing an investment and off-take agreement with US-based Tesla supplier Piedmont Lithium (ASX:PLL).

Biotechnology company Nanollose (ASX:NC6) also stood out on a seven-day return basis, after posting two straight daily gains of more than 50 per cent.

That followed news that NC6 is advancing an eco-friendly fabric manufacturing solution with Grasim Industries, a subsidiary of Indian conglomerate Aditya Birla Group (annual revenues: ~US50bn).
 

ASX SMALL CAP LOSERS

CODE NAME PRICE 1 WEEK CHANGE % MARKET CAP
UUV UUV Aquabotix Ltd 0.001 -33 $ 2,388,374.81
TOM Tomizone Limited 0.002 -33 $ 850,401.35
PCL Pancontinental Oil 0.001 -33 $ 5,406,715.49
BLY Boart Longyear 0.8 -33 $ 69,039,204.00
DVN Devine Limited 0.13 -32 $ 20,634,972.28
TYR Tyro Payments 2.35 -28 $ 1,335,531,318.55
RMX Red Mount Min Ltd 0.013 -28 $ 14,707,192.36
MXR Maximus Resources 0.135 -27 $ 15,835,564.68
CST Castile Resources 0.23 -26 $ 43,936,226.62
PNV Polynovo Limited 2.65 -25 $ 1,831,213,881.88
PCH Property Connect 0.0015 -25 $ 1,028,795.21
ANL Amani Gold Ltd 0.0015 -25 $ 9,386,996.75
ATP Atlas Pearls Ltd 0.013 -24 $ 5,562,332.85
RXL Rox Resources 0.039 -22 $ 88,142,623.91
WCG Webcentral Group Ltd 0.49 -21 $ 77,578,333.00
MTH Mithril Resources 0.02 -20 $ 43,828,578.07
DTR Dateline Resources 0.002 -20 $ 16,420,156.15
RXH Rewardle Holding Ltd 0.008 -20 $ 4,736,893.39
XTC Xantippe Res Ltd 0.002 -20 $ 10,186,411.01
RNX Renegade Exploration 0.008 -20 $ 6,901,013.10
CAE Cannindah Resources 0.025 -19 $ 7,161,116.18
ERA Energy Resources 0.255 -19 $ 922,845,799.50
TRN Torrens Mining 0.24 -19 $ 15,286,820.51
BDG Black Dragon Gold 0.099 -18 $ 13,435,361.20
MRZ Mont Royal Resources 0.24 -17 $ 7,970,608.80
PRX Prodigy Gold NL 0.045 -17 $ 26,708,869.88
KOR Korab Resources 0.015 -17 $ 4,987,394.72
PVL Powerhouse Ven Ltd 0.05 -17 $ 3,231,173.30
G88 Golden Mile Res Ltd 0.05 -17 $ 6,273,934.73
CYQ Cycliq Group Ltd 0.0025 -17 $ 5,759,231.41
VMC Venus Metals Cor Ltd 0.2 -17 $ 26,438,769.53
CSE Copper Strike Ltd 0.1 -17 $ 10,684,481.00