The All Ordinaries Index (ASX: XAO) made a modest gain on Friday, closing 0.21% higher at 7,354.7 points.
Most of the sector indices finished in the green today, although the S&P/ASX 200 Energy Index (ASX: XEJ) was the worst performer, closing 0.39% lower.
The top indices were the S&P/ASX 200 Telecommunication Services Index (ASX: XTJ), which gained 0.81%, and the S&P/ASX 200 Industrials Index (ASX: XNJ), closing 88% higher.
Let's discover which ASX All Ords thrashed these mediocre results by the market on Friday.
Arafura Rare Earths Ltd (ASX: ARU)
The Arafura share price closed 13.58% higher to 46 cents apiece.
There's no fresh news to explain why Arafura's share price rallied strongly today.
However, its shares have been on a bull run since Wednesday, when they gained 17.14% in a single trading session. The momentum from this massive green candle may have carried over into the price action today.
Arafura's rally this week follows the mineral explorer's announcement on Tuesday that it had received approval for its mining management plan to get its Nolans project off the ground in the Northern Territory.
The agreement authorises Arafura to legally operate its Nolans project with the end goal of producing rare earth elements (REE) neodymium and praseodymium (NdPr).
Audio Pixels Holdings Ltd (ASX: AKP)
The Audio Pixels share price also had a great run, surging 9.65% to close at $12.50 on Friday.
Like Arafura, Audio Pixels also had no announcements to report on today.
In fact, its most recent update came on 28 October when it posted its quarterly activities and cash flow report.
The digital speaker developer advised it used $1.23 million in operating activities for the reported period and $3.69 million over the last nine months.
Taking into account its cash balance and cash burn rate, Audio Pixels has an estimated 1.6 quarters of funding available.
One highlight of Audio Pixel's operations is that it's working towards making its product suitable for mass production.
BCI Minerals Ltd (ASX: BCI)
And finally, the BCI Minerals share price rocketed on Friday. It gained a hefty 10.6% to 26 cents per share.
Again, like the other shares on this list, the company had no news to report today, despite its share price surging into the green.
BCI Mineral's most recent announcement was posted on 28 October in the form of its September 2022 quarterly report.
The company reported its Iron Valley mine contributed $3.5 million in earnings before interest, taxes, depreciation, and amortisation (EBITDA) during the reported period.
It also finished the quarter with a strong balance sheet. BCI Minerals said it has no debt on its books but has $188 million in cash.
This balance sheet, alongside $100 million in convertible notes, will mean BCI Minerals will not need to take on additional debt to fund its construction projects for its Iron Valley mine.
